The herald. [volume] (New Orleans, La.) 1905-1953, 1911-12-14

The domicile OF this corporation shall be
in the city of New Orleans, state of Louisi-
ana, but IL may establish and operate fac
tories, offices and agencies wherever ii may
deem advisable. All citations or other le-
gal processes shall be served on the presi-
dent Of this corporation, or in the event Of
| his absence or inability to act, upon the
vice preSident.
ARTICLE III.
The objects and purposes for which this
corporation Is organized and the nature of
| the business to be carried on by II, are
hereby declared TO be the general turpentine
and lumber business in all its various
branches, and TO that end to manufacture,
purchase and sell turpentine, pitch, tar
rosin and naval stores; to acquire, own,
| construct and operate turpentine stills, saw
| mills, planning mills, driers and all machin-
cry and appliances necessary in connection
with the operation OF said business and to
manufacture any products Of wood, such as
sash, doors, blinds, trimmings, boxes, furni-
ture and articles of wood and its various
| by-products. And furthermore, to own and
operate In connection with said business
tram-roads. logging roads, sailing vessels,
steam vessels and other water craft neees-
sary for the transportation of its material
and products and also do mercantile bust
ness.
ARTICLE ".
The capital stock of this corporation is
hereby fixed at three hundred thousand
tS3OO,OO0.OO) dollars, divided into and rep
resented by three thousand (3.0O0) shares
of one hundred ($100.00) dollars each,
which said stock shall be paid for in cash.
or may be issued at par in payment Of pro-
perty actually purchased, or services actu-
ally rendered TO this corporation, which
ible.
This corporation shall be authorized to
commence business and he a going concern,
upon payment in full of its capital stock, as
above provided.
The shares of this stock shall be trans
q nnly Nha hnol
tion, and no transfer Of stock shall be bind
ing or have any effect upon this corporation
unless, and until made upon its books and
prior lien on all shares of stock shall be
retained by this company on the stock of
any shareholder for any Indebtedness, Sc
cured or unsecured, however evidenced or
created, due at any time to the company
by the holder OF said stock, and all trans
fers of stock shall be made subject to these
conditions.
- ARTICLE V.
All the corporate powers OF this CORPORA
ton shall be vested in, and exercised by a
board of six (6) directors, who shall each
be stakeholder in this corporation, the
for the transaction of all business land a
majority vote at any meeting shall decide
all questions voted upon.
Said directors shall be elected annually
from the stockholders. on the first Tuesday
OF April in each year, after due notice OF
said meeting shall have been given to each
stockholder, sent by mail TO his last known
address, ten (10) days prior TO the holding
of said election, which said notice or any
other notice required by this charter, may
be waived in writing.
At said election, and at all other meet
ings of the stockholders, the vote shall be
by ballot, and each share Of stock shall be
entitled to one "a vote to be cast by the
owner in person or by written proxy. The
majority of stock voted at any stockhold-
ers' meeting, shall decide all questions voted
upon, except as otherwise provided.
Within one "a week from their election
tors shall elect from among their members
a president and vice-president: they shall
also elect a secretary-treasurer, who may or
may not be a member of the board or a
stakeholder, at the discretion of the men,
bers of the board
All the said officers and directors shall
hold their respective offices for a period of
one a. year from the date Of their cleo
ton, or, until their successors are duly
elected.
The term Of the first board Of directors
and officers herein named, shall expire on
their successors are duly elected as herein
provided for. But the failure to hold an
annual election or to elect the officers, as
above provided for, shall not result in the
dissolution of this corporation, but the then
board of directors and officers, shall hold |
their respective offices until their successors
are duly elected.
Any vacancies occurring on said board OF |
directors, shall be filed by the remaining |
members of said board for the unexpired |
term, at a meeting called for that purpose, |
after ten days prior notice in writing sent |
by mail to said directors at their last known |
address, and IL the said board fails 10 elect |
at said meeting then the election may be |
made by the stockholders at a special meet |