St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1910-12-31
Act of Incorporation Of
ST. TANINTANY NAVAL STORES
COMPANY.
State of Louisiana,
Parish of St. Tammany,
Town of COYington.

State of Louisiana,
Parish of St. Tammany,
Town of Covington.
Be it known, that on this, the 18th
day Of December, in the year of our
Lord, one thousand nine hundred and
ten, and of the independence of the |
United States of America, the one
hundred and thirty-fifth, before me,
Fred J. HeintZ, Jr., notary public, |
duly commissioned and qualified in
and for the town, parish and state
therein residing, and in
the presence of the witnesses here
matter named and undersigned,
personally came and appeared the
several persons whose names are
hereunto subscribed, who declare,
availing themselves of the provision
of the laws of this state relative to
the formation and organization of
corporations, they have covenanted
and agreed and do, by these pres
ents, covenant and agree and bind
themselves, as well as those who may
hereafter become associated with
them, to form themselves into cor
poration for the objects and pur-
poses, with the name and under the
stipulations following, to-wit:
ARTICLE I.
The name and style of this cor
poration shall be St. Tammany Naval
Stores Company, and, by said cor
porate name it shall have succession
and enjoy existence for a period of
ninety-nine years, unless sooner dis
solved, in the manner provided by
law, and the articles of this charter,
and, under said corporate name, it
shall have power and authority to
contract, sue and be sued, to make
and use a corporate seal, the same
to alter and break at pleasure, to
make all necessary rules and regu
lations for it's corporate management
and control, and shall have and en-
joy all the rights, privileges and i'm
munities which are now conferred
upon, or may hereafter be granted
to corporations of the same kind and
character.
ARTICLE II.
The domiciie of this corporation
shall be in the town of Covington,
State of Louisiana, and all citations
and other legal process shall be serv--
ed upon the president, or, in his
absence or inability to act, upon any
other officer of the corporation.
ARTICLE III.
| The objects and purposes for
| which this corporation is organized
are hereby declared to be to engage
in producing and manufacturing OF
| turpentine, rosin, rosin oil, pine. tar
| and all other naval stores products;
| to buy and sell turpentine, rosin, ros-
| oil, pine tar and all other naval
| stores products; to buy and sell real
| estate, turpentine privileges, leases,
| timber for saw mill purposes and all
other commodities connected with
| naval stores, to acquire, by lease or
| otherwise, timber, and to own
lease and operate turpentine farms
and stills; to buy and sell
merchandise of all classes; to bor-
| row and loan money and secure
! mortgage, pledge or other form OF
| security; and when in necessary need
| it's business may acquire, by pur-
chase, lease or otherwise, and may
| operate tram-ways, railroads, tank
cars, terminals, landings, steam
boats and other water craft, but not
|
saw mills.
ARTICLE w.
The capital stock of this corpora
! ton shall be fifty thousand dollars,
| $50, 100000, divided into five
| hundred 5000 shares, Of the par
| value Of one hundred dollars $780,
| 00) each, said stock shall be issued
| only for cash, or in payment of prop
| erty or services actually received by
or rendered to said corporation. This
| corporation shall commence bust
| ness and become q going concern as
soon as ten" thousand dollars of Its
| capital stock shall have been sub
scribed and paid for; the residue OF
| said stock shall be fully paid at the
| time of it's issuance and thereafter
worcestershire, and the capital stock
| may be increased or decreased in
| the manner provided by laws of this
| state.
| The parties of this act declared
that they hereby subscribe for the
| number of shares of said capita
stock set opposite their respective
| signatures hereto, SO that this act o.
| incorporation shall serve as an origi
nal subscription.
ARTICLE v.
All the powers of this corporation
shall be vested in and be exercised
by a board of three directors, to bt
| elected each year by the stockhold
ers at the annual meeting; the salt
directors shall be bona fide stock
holders, and the first board shall
consist of James S. Jones, John P
Rausch, Thomas c.. Adams, with Jas
S. Jones, president; John P. Rausch
vice president and treasurer, Thoma
G. Adams, secretary.
On the Saturday next preceding
the second Monday Of December
| 1911, and annually thereafter, ex
cept when such day shall fall on ;
legal holiday, then upon the mex
following lay-day, the stakeholder
shall elect a board of directors TO
the ensuing year, the board alread.
installed to continue to hold owe
until their successors are elected AM
qualified. The board Of directors s.
elected, shall select from their owl
number the officers of the corpora
| ton, which shall be a president, vic
president and treasurer and a secre
tary. The election of directors shall
be ballot, and the persons receiv
| ing the largest number of votes cas-
shall be. declared elected. For elect
ing directors, or for any other pur
pose, each share of stock, whethe
present or by proxy, shall be entitle'
! TO one vote, and a majority of tn
votes cast shall be required to pas
any resolution or decide any question
Submitted to the stockholders, excep
fer the alteration Or amendment o
this charter, or the dissolution of tn
corporation, as hereinafter provid
ed.