St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1911-01-07
poses, with the name under the
stipulations following, to-wit:
ARTICLE I.

TINE 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 the power and authority
to contract, sue and be sued, to
make and use corporate seal,
the same to alter or break at pleas
ure; to make all necessary rules and
regulations for its 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
shal be in the town of Covington,
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 it's business,
may acquire, by purchase. lease or
otherwise, and may operate tram
ways, railroads, tank-cars, termi-
mails, landings, steamboats, and other
water craft, but not as a common
carrier, and to operate saw mills.
ARTICLE w.
The capital of this corporation
shall be fifty thousand ($5O,OOO.0O)
dollars, divided into five hundred
(500) shares, of the par value of
one hundred ($100.O0) dollars each,
said stock shall be issued only for
cash, or in payment Of property or
services actually received by or rem
6ered to said cooperation. This
corporation slall commence business
and become a going concern as soon
as six Thousand dollars of its capital
stock shall have been subscribed and
paid for; the residue Of said stock
to be issued and payment made there
for; said stock shall be fully paid at
the time of it's issuance and there
after worcestershire, and the capital
stock may be increased or decreased
In the manner provided by the laws
Of this State.
The parties to this act declare that
they hereby subscribe for the num-
Der of shares of said capital stock
set opposite their respective sigma
lures herto, so that this act of in
corporation shall serve as an original
ARTICLE v.
All the powers of thic corporation
shall be vested in and be exercised
by board of directors, to be elected
each year by the stockholders at the
meeting; the said directors
shall be bona flde stockholders, and
the first board shall consist of: JAS
S. Jones, Thomas c. Adams and e.
Jones, with Jas. S. Jones, president;
Thomas c.. Adams, vice president and
secretary, and E. Jones. treasurer.
On the Saturday next preceding the
second Monday of December, 1911,
and annually thereafter, except when
such day shall fall on a legal holiday,
then upon the next following lay-day,
the stockholders shall elect board
of directors for the ensuing year, the
board already installed to continue
to hold oevr until their successors
are elected and qualified. The board
of directors so elected shall elect
from their own number the officers
OF the corporation which shall be q
vice president and secre-
tary and treasurer. The election
of directors shall be by a balolt, and
the persons receiving the largetst
number of votes cast shall be de-
clared elected. For electing directors,
or for any other purpose, each share
of stock, whether present of by proxy,
shall be entitled to one vote, and
majority Of. the votes cast shall be
required to pass any resolution or
decide any question submitted to the
except for the altera-
tion or amendment of this charter,
or the dissolution of the corporation,
as hereinafter provided
!, The said board of directors shall
have power and authority to make
all necessary rules and regulations
for the management, operation and
control OF the business of the cor
poration, as well as to make all
necessary rules and bylaws, with
power to fill any vacancy occurring
in their number. A majority of the
directors voting at any one time, in
person or by proxy, shall be required
to pass any resolution or adopt any
bylaws, and which, when so adopted,
shall become valid corporate acts.
Notice of all meetings of stock
holders, for elect.ng directors orr or
any other purpose, shall be given, in
by the secretary, to be de-
posted in the mail at least ten days
before such meeting, directed to each
stockholder at his last known ad-
dress, appearing upon the books of
the corporations. unless said notice
is waived in writing by all the stock
holders appearing as such upon the
books.
ARTICLE VII.
Whenever this corporation is dis
solved, either by limitation of its
charter or from any other cause, its
affairs and business shall be LIQUID
ated by three commissioners, to be
appointed from among the stock
holders, at a general meeting there
of, to be convened after ten days
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