The herald., 1911-07-20

BE 1t known, that on this 9th day of
June, in the year of our Lord, one thousand
nine hundred and eleven, before me, Am
brose q. LaPice, Il notary public, duly APP
pointed and qualified, in and for the parish
Of Orleans, state Of Louisiana, ana IN the
presence of the undersigned witnesses, per-
sOnally came and appeared the several per
sons whose names are hereuntO subscribed.
residents of the parish OF Washington and
Of the city OF New Orleans, who seyerally
declared that, availing themselves of the
laws of this state in such cases made ana
provided, they have formed and organized,
and by these presents do organize them
selves into a corporation and body corpO-
rate. for the objects and purposes. and under
the stipuations following, to-wit:
ARTICLE l.
The name and title Of this corporation
shall be, POOLS BLUFF TURPENTlNE
COMPANY, and its dOmicile shall be in the
city Of New Orleans, parish OF Orleans, Lou
'isiana 1t shall exist for the term OF ninety.
nine wears from date hereof, and by that
name sue and be sued. and contract and en-
ioy any and all rights. privileges and pow
ers under the laws OF the state OF louisiana
ARTICLE II.
The objects and purposes for which this
corporation is established, and the nature
Of the business to be carried on by It, are,
to produce. manufacture, buy and sell tur-
pentine rosin. naval stores, and wood de-
rivatives and products of all kinds 10 oper-
ate saw mills and 10 sell the products ana
residue or waste thereof or to further use
and manufacture the same, and to pull
stumps and clear land, whether in connec-
ton with such business or apart from II !;
to buy, sell and lease real estate, to operate
tram roads and barge lines of barges or
other vessels in connection with the carry,
ing on of it's business, to conduct a general
merchandise business in connection with sald
Nv N
business incident to or conveniently neceS-
sary to or connected with the operation OF
the business above mentioned.
ARTICLE Ill
The president, or in his absence or Ina
bility to act, the vice-president, or In case
OF his absence or inability, the secretary
shall he the proper person upon whom all
citations or legal process shall be served.
ARTICLE ".
The capital stock OF this corporation Is
hereby fixed at the sum OF fifty thousand
$3.50, 100000 dollars, divided into nve nun,
dred shares OF the par value or one hundred
$500 OO) dollars each. Said shares or
stock shall be paid for by the subscribers
thereto as shall be required by the board OF
directors and the stock may De issued IN
payment Of property acquired Dy tne corp O
ration or in compensation for services rem.
dered This corporation shall be authorlzed
to begin business as soon as hve tnousand
(s5 600 OO) dollars or more or the capitaI
stock shall have been subscribed iOri any my
stock in this corporation, provided thirty
(3O) days prior written notice or sucn IN.
tention to sell. assign or transfer the same
be given the company. and the other STOCK
holders thereof shall have the first prlvi-
Iege of purchasing the same; after whlcn
NOTICE the said stock may be sofa IN open
market A prior lien on all shares OF sloSh
hv thn
stock of any shareholder for any Indebted
ness secured or unsecured. however evl-
depce,. or created, due at any time 10 tns
company by the holder Of snch stock: .to ana
all transfers or STOCK shall De uunSie'h0"
subject TO this clause.
ARTICLE v.
All mowers of this corporation shall be
vested in a board of directors composed OF
NOT less than three 81 stockholders. Ihey
shall be elected on the first MONDAY OF jury
in each year, commencing July lSl-, at
General meeting convened for that purpose,
ofter ten Cays' previous notice in writing 10
each stakeholder owning stock standlng III
his name on the books or the corporation;
and until such time the following named
stockholders are hereby named as the hrst
hoard Of directors, and who shall hold their
office and exercise their functlohs UNI, =.
their successors are elected, VIZ Ieorsg f.
Mason. James l. Waller and John e. Alien
Of whom q. f. Mason shall be president. !.
7 waller shall be vice-president. and John
r Allen shall be secretary and treasurer
The same person may hold the oftces OF s sec,
nav no held nv a different person.
The election of the board OF directors Snall
no nv ballot, and each stakeholder shall be
entitled to one vote, either In person or py
nroyv for each share OF stock owned by
him and a majority Of the votes cast shall
elect The board Of directors shall, imme-
disteIy after their election, elect from their
number a president, vice-president, sec
rotary and treasurer. H..
The said board of directors shall elect
and employ any and all employees. mana
GERS and clerks of the corporation they may
deem necessary for the proper conduct OF its
and remove or dismiss them at pleasure.