St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1911-01-28


WILLIAM CULBREATH.
DR.. YOUNG.
DORA TALLEY.
P. R. COWART.
Act of Incorporation of
Sc. TAMMANY NAVAL STORES
COMPANY.
State of Louisiana,
Parish of St. Tammany,
Town of Covington.
Be it known, that on this, the 18th
day of December, in the year of our
Lord, one thousand nine hundred and
ten, and OF the independence of the
United States of America, the one
hundred and thirty-fifth, before me,
Fred J. Heintz, Jr., notary public,
duly commissioned and qualified in
and for the town, parish and state
aforesaid, therein residing, and in
the presence of the witnesses here
matter named and UNDERSIGNED,
personally came and appeared the
several persons whose names are
hereunto subscribed, who declare,
availing themselves of the provision
of the laws of this state relative to
the formation and organization of
corporations, they have covenanted
and agreed and do, by these pres
ents, covenant and agree and bind
themselves, as well as those who may
hereafter become associated with
them, to form themselves into a cor
poration for the objects and pur-
poses. with the name and under the
stipulations following, to-wit:
ARTICLE /.
The name and style of this cor
poration shall be st. Tammany Naval
Stores 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 power and authority to
contract, sue and be sued, to make
to alter and break at pleasure, to
make all necessary rules and regu
lations for it's corporate management
and control, and shall have and en-
joy all the rights, privileges and i'm
munities 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 CovingtOn,
State of Louisiana, and all citations
and other legal process shall be serv-
ed upon the president, or, in his
absence or inability to act, upon any
other 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, ros-
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 bor-
row and loan money and secure
mortgage, pledge or other form of
security; and when in necessary need
its business may acquire, by pur-
chase, lease or otherwise, and may
operate tram-ways, railroads, tank
cars, terminals, landings, steam
boats and other water craft, but not
as common carrier, and to operate
saw mills.
ARTICLE w.
The capital stock of this corpora
ton shall be fifty thousand dollars,
100000, divided into five
hundred 5000 shares, of the par
value of one hundred dollars $780,
00) each, said stock shall be issued
only for cash, or in payment of prop
erty or services actually received by
or rendered to said corporation. This
corporation shall commence bust
ness and become going concern as
soon as ten thousand dollars of it's
capital stock shall have been SUBJ
scribed and paid for; the residue of
said stock shall be fully paid at the
time of it's issuance and thereafter
worcestershire, and the capital stock
may be increased or decreased in
the manner provided by laws of this
state.
The parties of this act declared
that they hereby subscribe for the
number of shares of said capital
stock set opposite their respective
signatures hereto, so that this act of
incorporation shall serve as an origi-
nal subscription.
ARTICLE v.
ALI the powers of this corporation
shall be vested in and be exercised
by a board of three directors, to be
elected each year by the stockhold-
ers at the annual meeting; the said
directors shall be bona fide stock
holders, and the first board shall
consist of James S. Jones, John P.
Rausch, Thomas C. Adams, with Jas.
s. Jones, president; John P. Rausch,
vice president and treasurer, Thomas
C. Adams, secretary.
On the Saturday next preceding
the second Monday of December,
1911, and annually thereafter, ex-
cept when such day shall fall on
legal holiday, then upon the next
following lay-day, the stockholders
shall elect a board of directors for
the ensuing year, the board already
installed to continue to hold over
until their successors are elected and
qualified. The board of directors SO
elected, shall select from their own