St. Tammany farmer., 1905-04-01
CHI HARTER
OF THE
Covington Naval Stores Company, Ltd,
STATE OF LOUISIANA, !
Parish of Orleans. {

PERSONALLY CAME AND AP-
FEARED the parties whose names are
hereunto subscribed, all of full age, who
declared that, ayailing themselves OF
the provisions of the laws of this State
relative to corporations and especially
of Act No. So of 1888 of the General As
sembly of Louisiana, they have cove
nanted and agreed, and by these pres
ents covenant and agree, and bind
themselves, as well as such other per-
sons as my hereafter become a,so-
ciated with them, to form and constl-
tute corporation and body polite IN
law for the purposes and objects and
uuder the stipulations, articles and con-
ditions following, to wit:
ARTICLE 1.
The name and title of the said Cor
poration shall be "COVINGTON Ma
VAL STORES COMPANY, LIMITED" i"
and It's domicile is hereby established
In Covington, St. Tammany Parish,
Louisiana, and under its said corporate
name said orporation shall have power
and authority to contract, sue and be
sued, to make and use corporate seal,
and the same to break and alter at
pleasures; to hold, receive, have, pur-
chase l.ase, improve, ALLEVIATE, convey,
sell, borrow, pledge, mortgage and hy-
pothr cate, under it's said corporate seal
name, properly, real, personal and
mixed; to name and appoint such of
fcers, directors. agents and managers
or employees rs the interest or c0nven.
ience IT said Corporation may require;
to make and establish y-lnws, ru es and
regulat ons for the proper management
of its affairs, as ma, be deemed neces-
g. ~ aud proper. and the same to change
aud alter ut pleas ure, and to do all
other acts and things permitted by law.
or as shall or may be neces> ary and
proper to carry out the objects aud pur-
poses of said Corp II alton.
Said Corporation, unless sooner dis
solved, in accordance with its char ter.
shall exist and continue 'or the period
of ninety nine years from and after the
date hereof.
Tho President, or in his absence the
Vice President. shall be the proper per
son upon whom citation or other legal
process shall be served. se~
ARTICLE II.
The objects and purposes for which
this Corporation is organized, and the
nature of business to be carried on by
it, are declared to be the following, to
wit: tie manufacture, purchase and lie
of turpentine, pitch, tar, rosin, naval
stores and other products OF wood; the
manufacture, purchase and sale of char
coal, the manufacture and sale of lum-
ber, a. well as the manufacture and sale
of sash, doors and blinds, trimmings,
boxes, furniture and other objects made
from wood; the purchase and sale OF
timber and real estate necessary for its
business); to conduct general mer-
cnandise business in conn ction with
said business; and to this end said
Corporation is empowered and author
lied t, purchase, lease, sell, convey, use
and own such real estate and timer in
said State as may be nee, ssary for said
purposes; to acquire, Oyn, construct
al operate turpen,ine stills, saw wills,
planning mills, dry ers. and all machinery
and appliances necessary in the opera
ton of said business, and to construct,
purchase, own and operate, iE connec-
ton with said business, tram roads,
logging roads, sailing vessels. barges,
steam vessels an other wafer craft for
the transportation of its materials and
products.
ARTICLE Ill.
The capita. stock of said corporation
shall be one hundred and twenty-five
thousand dcllars ($l25,OOO), divided
into and represented by twelve hun red
and fifty (125O shares Of the sum of
one hundred dollars ($1O0) each, hich
said stock shall abe paid for ir cas-, at
the time OF subscription, or the same
may ne be- issued, at not less than par,
IN payment or exchange Tor property or
rights actually received or purchased
be issued full pail for money advanced,
and for such other valuable considera-
ton or services as the B ard OF Direc-
tors of said Corporation may determine !;
provided that no stock shall issue until
the consideration therefor has been re-
ceiv-d by the said Corporation.
ANY s'ocht Older NAV sell, assign or
transfer his stock N this Corporation,
rrovidei thirty (30) days prior notice
of such intention tn sell, ASST. n or trans.
fer the same be given the Company. and
the other stockholders shall have the
first privilege of purch sing same, af'er
which thirty $50, says noti the said
stock may be sold IN open market.
rhe stock of said Company may be
transferred under t." above conditi MS,
provided sucn transfer thereof be made
on the books of said Company, at it's
Office, anc on the surrender of the GER
ti1cate thereof. No transf Of any frac-
tional part of Stare shall be made.
This Corporation shall commence do
ing business as soon as seventy