St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1911-07-01
ARTICLE [.

ARTICLE I.
The name and title of this corpora
ton shall be MACKIE PINE PROD
UCTS COMPANY, and it's domicils
shall be in the town of Covington
St. Tammany parish, Louisiana. L
shall exist for the term of ninety
nine years from the date hereof, ant
by that name sue and be sued, ane
contract, and enjoy any and all privi
leges and powers under the laws Of
tils State of Louisiana.
ARTICLE II.
The objects and purposes for which
this corporation is established, ano
the nature of the business to be
carried on by it, are, to produce
manufacture, buy and sell turpentine
resin, naval stores, and wood deriva.
operate saw mills, and to. sell the
tives and products of all kinds; te
sell teh products and residue or waste
thereof, or to further use and manu-.
facture the same, and to pull stumps
and to clear lands, whether in con
of barges or other vessels in cOnnec'
from it; to buy and sell real estate;
to operate tram roads and barge
lines or other vessels, in connection
ton with the carrying on of its bust
ness and general to engage in any
business incident to or connected
with the operation of the bbusiness
above mentioned.
ARTICLE III.
The president, or in his absence
or inability to act, the vice president,
or, in case of his absence or inabil-
ity to act, the secretary shall be the
proper person upon whom all cita-
tons or legal process shall be served.
ARTICLE w.
The capital stockof this corpora
ton is hereby fixed at the sum OF
fifty thousand dollars $50,
divided nito five hundred shares of
the par value of one hundred dollars
each. Said shares of stock shall be
paid for by the subscribers thereto
as shall be required by the board OF
directors, and the stock may be is
sued in payment of property acquired
by the corporation or in compensa-
ton for services rendered, but in
no case shall any of the stock be
sold or disposed of for less than par
value. This corporation shall be au-
thorized to begin business as soon
as five thousand dollars of the capital
stock shall have been subscribed for.
ARTICLE v.
All the powers of this corporation
shall be vested in board of direc-
tors, composed of not less than five
They shall be elected
OH the first Monday in June of each
year, commencing June, 1912, at a
general meeting convened for that
purpose, after ten days previous no
tice in writing to each stakeholder
owning stock standing in his name On
the books of the corporation, and I'M
til such time the following stockhold-
ers are hereby named as first board
OF directors, and who shall hold their
office and exercise their functions
until their successors are elected, viz:
Henry A. Mackie, Elmer E. Wood,
j. Frederick and Ellie p.
of whom H. A. Mackie
shall be president, E. J. Frederick
shall be vice president, and Ellie P.
shall be secretary and
treasurer. The same person may
hold the Offices of secretary and
treasurer, or each of such offices may
be held by different person.
The election of the board of di-
.ectors shall be by ballot. and each
shall be entitled to one
'ote, either in person or by proxy,
or each share of stock owned by
linn, and a majority of the votes cast
shall elect. The board of directors
hall, Immediately after their cleo
len, elect from their number,
president, a vice president, a secre-
ary and treasurer, or a secretary
treasurer.
The said board of directors shall
eject and employ any and all en-
oloyees, managers and clerks of the
they may deem necessary
sor the proper conduct of it's bust
1ess, and may fix their compensation,
and remove or DISMISS them at pleas
IRE.
ARTICLE vi.
This charter may be amended or
altered by the stockholders, at
general meeting convened for that
purpose, after ten days written notice
% each stockholder, or this corpora
ion may be dissolved with the as
sent of two thirds of the capital stock
at such meeting. In
case of dissolution, the affairs of the
shall be closed and
as rapidly as possible, by
TWO or three liquidators, appointed
OF elected by the stockholders at
meeting. The capital stock of this
may be increased or di-
in accordance with the laws
of the State of Louisiana, on the
subject of altering the capital stock
Of corporations.
ARTICLE VII.
The subscribers herto have repec-
lively stated opposite their signatures
hereto the number of shares of the
capital stock subscribed to by them
constituting the same
made by the incorpora-
tors for the purpose of organizing
this corporation.
ARTICLE VIII.
No stakeholder shall be liable or
for the contracts or faults
of this corporation in any further
sum than the unpaid balance due to
the corporation, on the shares owned
by him, or shall,any mere informal
ity in Organization have effect of
rendering this charter null or Of
a stakeholder to liability
beyond the amount of his unpaid
stock, if any.
Thus done and passed in my Office,
in Covington, st. Tammany Parish,
Louisiana, on the day and year first
above written. in the presence of F.
j. Heintz, Jr., and A. S. Burns, COM
petent witnesses, residing in said