St. Tammany farmer., 1911-07-22

ARTICLE I.

tlOn snail De MACh1E 14SI 49,
uCTS COMPANY, and its e.-f' cile
shall be in the town of Co, Is on,
St. Tammany- parish, Louisiana 1t
shall exist for the term OF ninety
nine years from the date hereof, and
by that name sue and be sued, ana
contract, and enjoy any and all pr1Vl-
leges and powers 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 turpentine,
resin, naval stores, and wood deriva-
tives and products of all kinds; to
operate saw mills, and to sell the
nection with such business or apart
thereof, or to further use and manu-
facture the same, and to pull stumps
and to clear lands, whether In con-
from it; to buy and sell real estate;
to operate tram roads and barge
lines of barges or other vessels, in
connection with the carrying on of
it's business and generally to engage
in any business incident to or con-
nected with the operation of the husi-
ness above mentioned.
ARTICLE Ill.
The president, or in his absence
or inability to act, the vice president,
or, in case of his absence or inabil-
i.y to act, the secretary shall be the
proper person upon whom all cita-
tions or legal process shall be served.
ARTICLE ~:
The capital stockof this corpora
ton is hereby fixed at the sum OF
fifty thousand dollars (s50,O00.OO, :,
divided nito five hundred snares OF
the par value Of one hundred dollars
each. Said shares of stock shall be
pai i'd 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 a board of direc-
tors, composed of not less than five
They shall be elected
on the first Monday in June of each
year, commencing June, 1912, at a
general meeting convened for that
after ten days previous no
tice in writing to each stockholder
owning stock standing in his name n
the books of the corporation, and un-
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
or each of such Offices may
be held by q different person.
The election of the board of di-
rectors shall be by ballot, and each
shall be entitled to one
vote, either in person or by proxy,
for each share of stock owned by
him, and a majority of the votes cast
shall elect. The board of directors
shall, Immediately after their elec-
ticn, elect from their number,
vice president, secre-
tary and a treasurer, or secretary
treasurer.
The said board of directors shall
eject and employ any and all en-
ployees, managers and clerks of the
they may deem necessary
for the proper conduct of its busi-
ness, and may fix their compensation,
and remove or dismiss them at pleas
ure.
ARTICLE vi.
This charter may be amended or
altered by the stockholders, at a
general meeting convened for that
purpose, after ten days written notice
to each stockholder, or this corpora
lion 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
liquidated, as rapidly as possible, by
two or three liquidators, appointed
or elected by the stockholders at
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 i1erto have repec-
lively stated opposite their signatures
hereto the number of shares of the
capital stock subscribed to by them
respectively, constituting the same
subscriptions made by the incorpora-
tors for the purpose of organizing
this corporation.
ARTICLE VIII.
No stockholder shall be liable or
responsible for the contracts or faults
of this corporation in any further
sum than the unpaid balance due to
tho corporation, on the shares owned
BY him, or shall any mere informal
ity in organization have effect of
rendering this charter null or of
exposing a stockholder to liability
beyond the amount sof 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
~. Heintz, Jr., and A. S. Burns, com
petent witnesses, residing in said
parish, who have signed their names
together with said appearers and me
notary, after due reading of tht
whole.
FRED A. EAHART, 10 Shares
FRANK w. MACKIE, 20 Shares