The herald. [volume] (New Orleans, La.) 1905-1953, 1911-12-07
ARTICLE /.

The The name Of this corporation shall be
BETTS NAVAL STORES COMPANY, and
snaiI nave corporate existence for the pc
ROD or ninety-nine 900 years from the
date hereof, and shall have and exercise
Tor the purpose of the business TO be car
RED on by IL, all the powers conferred by
law on similar corporations, including the
power 10 make and use a corporate seal and
lne same 10 break or alter at pleasure TO
contract, sue, and be sued in its corporate
name; TO hold, own, receive, purchase
a amer lease. convey, mortgage, hypothe-
perty, both real and personal: TO issna
bonds, notes and other obligations for the
purpose of borrowing money, and 10 secure
same Dy mortgage or otherwise, to name
and appoint such officers, managers. direc
tors, agents and other employees as the
interests of said corporation NAV reOuire
and to establish such bylaws, rules and
reguiaIl9nS as may be necessary and pro-
Ism at pleasure and to generally do and per
Iorm all such acts as may be proper and
necessary TO carry out and execute the pur-
poses of this corporation.
ARTICLE II.
~ The domicile Of this corporation shall be
ana, but 1t may establish and operate fac
.orIes, omces and agencies wherever II NAV
deem advisable; All citations or other le-
gaI processes shall be served on the nresi
dent OF this corporation, or in the event of
his absence or inability to act, upon the
vice president "a"
ARTICLE III.
The objects and purposes for which this
GOT Is organized and the nature of
tue business TO be carried on by IT. are
hereby declared to be the general turpentIne
ana lumber business in all its yarions
Drancnes, and to that end to manufactures
pur,c r and sell turpentine, pitch, tar,
-
construct and operate turpentine stills saw
mills, pianing mills, driers and all macbin
cry and appliances necessary in connection
m mirn tne operation Of said business, and to
manuIacture any products of wood, such as
sash' doors, blinds, trimmings. boxes, furni-
lure and articles of wood and its various
Oy-products. And Furthermore, to own and
operate in connection with said business
tram-roads, logging roads, sailing vessels
steam vessels and other water craft neceS
sary Tor the transportation of its material
ana products and also do a mercantile bust
ARTICLE ".
The capital stock Of this corporation Is
$500, 00000) dollars. divided INFO and ran
resented by three thousand e. OOO) shares
or one hundred (S1OO.OO) dollars each
which said stock shall be paid for in cash
OF may De issued at par In payment of pro,
perty actually purchased, or services actu-
ally rendered TO this corporation. which
ible. f AN N0n "SSeSS-
This corporation shall be authorized TO
commence business and be a going concern,
upon payment in full of its capital stock, as
The shares of this stock shall be trans
terrable only on the books of this corpors-
ton, and no transfer OF stock shall be hind
ing or nave any effect upon this corporatIo
unless. and until made upon its books and
a prior lien on all shares of stock shall be
retained by this company on the stock Of
any shareholder for any indebtedness. Sc
cured or unsecured, however evidenced or
created. due at any time to the comnany
by the holder of said stock, and all trans
1ers or stock shall be made subject to these
~ '"eSe