St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1910-12-31
poses, with the name under the
stipulations following, to-Wit:
ARTICLE I.

ARTICLE /.
The name and style of this corpof-
alton shall be PICAYUNE TURPEN-
TINE COMPANY, and, by said cor
porate name it shall have succession
and enjoy existence for 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 the power and authority
to contract, sue and ~be sued, to
make and use a corporate seal,
the same to alter or break at pleas
ure; to make all necessary rules and
regulations for it's corporate manage
ment and control, and shall have and
enjoy all the rights, privileges and
immunities which are now conferred
upon, or may hereafter be granted
to, corporations of the same kind
and character.
ARTICLE II.
The domicile of this corporation
shall be in the town of Coyington,
State of Louisiana, and all citation
and other legal process shall be
served npon the president. or, in his,
absence or inability to act, upon any
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,
rosin 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 borrow and loan
money and secure same by mortgage,
pledge or other form of security and
when in necessary needs its business,
may acquire, by purchase, lease or
otherwise, and may operate tram
ways, railroads, tank-cars, termi-
nails, landings, steamboats, and other
| water craft, but not as comllQn
carrier, and to operate saw mills.
ARTICLE w.
The capital of this corporation
shall be fifty thousand ESQ, 0,000.00)
dollars, divided into five hundred
| (50O) shares, of the par value OF
one hundred ($1OG.O0) dollars each
said stock shall be issued only for
cash.. or in payment of property OF
services actually received by or rem
dered to said cooperation. This
corporation SHALL commence business
and become a going concern as soor
as six Thousand dollars of it's capita
stock shall have been subscribed ant
paid for; the residue of said stocl
to be issued and payment made there
for; said stock shall be fully paid a
the time of it's issuance and there
Eafter non-assessable, and the capita
stock may be- increased or decreased
in the manner provided by the law
of this State.
The parties to this act declare tha
they hereby subscribe for the mum
ber of shares of said capital stool
set opposite their respective sigma
lures herto, so that this act of in
corporation shall serve as an origina
subscription.
ARTICLE v.
All the powers of thic corporation
: shall be vested in and be exercise
by a board of directors, to be electe
each year by the stockholders at tn
annual meeting; the said director
shall be bona fide stockholders, an
the first board shall consist of: Ja'
J S. Jones, Thomas C. Adams and +
jones, with Jas. S. Jones, president
40 rrSan or
, secretary, and E. Jones, treasurer.
= On the Saturday next preceding tn
' second Monday of December, 191
: and annually thereafter, except whe
: such day shall fall on legal holida
I then upon the next following lay-da
v the stockholders shall elect a boar
: of directors for the ensuing year, tt
}. board already installed to continr
to hold oevr until their successo
are elected and qualified. The boal
of directors so elected shall ele
from their own number the office
n of the corporation which shall be
h president, vice president and seer
v tary and a treasurer. The electit
d of directors shall be by a balolt, al
!, the persons receiving the Target
a number of votes cast shall be
"A clared elected. For electing director
l. or for any other purpose, each sha
of stock, whether present OF by proS
shall be entitled to one vote, and
majority of the votes cast shall
required to pass any resolution
decide any question submitted to t
stockholders, except for the alter
tion or amendment of this chart'
or the dissolution of the corporate
as hereinafter provided.
The said board of directors sh;
have power and authority to ma
20 all necessary rules and regulatio
10 for the management, operation
- control of the business of the ct
,r poration, as well as to make
-, necessary rules and bylaws, wi
,s power to fill any vacancy occuri
- in their number. A majority of
's directors voting at any one time,
person or by proxy, shall be requir
to pass any resolution or adopt a
bylaws, and which, when so adopt
n. shall become valid corporate acts
Notice of all meetings of sto'
holders, for elect:ng directors orf
any other purpose, shall be given,
writing, by the secretary, to be
posted in the mail at least ten d;
be before such meeting, directed to es
~ stockholder at his last known
~, dress, appearing upon the books
of the corporation, unless said not
od is waived in writing by all the sto
Cd holders appearing as such upon
n books.
~, ARTICLE VII.
l., 10 :
nd whenever tnls corporation 1s
re- SolVeu, eituef NY Hnitaeioh VI
he charter or from any o,her cause,
in affairs and business shall be liqu
or ated by three commissioners, to
sv- appointed from among the sto