St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1911-02-04
Parish OF St. Tammany,
Town of Covinpto

| 1OhFENIlNE COMPANY, and b,
said corporate name it shall hav,
succession and enjoy existence for
period OF ninety-nine years, unles.
sooner dissolved, in the manner pro
vided by law, and the articles of thi.
charter; and, under said corporate
name it shall have power and author
lty to contract, sue and be sued, tt
make and use corporate seal, the
same to alter or break at pleasure;
TO make all necessary rules and regu-
Iatlons for it's corporate manage.
ment and control, and shall have and
enjoy all the rights, privileges and
lmmunities which are now conferred
upon, or may hereafter be granted
to, corporations of the same kind
| and character.
ARTICLE II.
The domicile of this corporations
shall be in the town of Covington,
State of Louisiana, and all citation
and other legal process shall be
served upon the president, or, in his
! absence or inability to act, upon any
other officer of the corporation.
ARTICLE III.
1hO ODJSCIS anu pun pOSCS lOI
which this corporal on 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 othe 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 ecessary needs it's business,
may acquire, by purchase, lease or
otherwise, and may operate tram
ways, railroads, tank cars, terminals,
landings, steamboats, and other water
craft, but not as common carrier,
and to operate saw mills.
ARTICLE Nv.
The capital of thic corporation
shall be fifty thousand $3.50, 000.O0)
dollars, divided into five hundred
5000 shares, of the par value of one
hundred ($100.00) dollars each, said
stock shall be issued only for cash,
or in payment Of property or services
actually received by or rendered to
said corporation. This corporation
shall commence business and become
a going concern as soon as five thou
sand dollars of it's capital stock shall
have been subscribed and paid for;
the residue of said stock TO be issued
and payment made therefor; said
stock shall be fully paid at the time
of it's issuance and thereafter non
assessable, and the capital stock may
be increased or decreased in the man
ner provided by the laws of this
State.
The parties to this act declare that
they hereby subscribe for the num-
Der or shares of said capital stock
set opposite their respective sigma
lures hereto, so that this act of in
shall serve as an origi- |
nal subscription. .
ARTICLE V.
All the powers of this corporation |
shall be vested in and be exercised |
by 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, Thomas
9. Adams and E. Jones, with James
3. Jones as president, Thomas c.
Adams, vice president and treasurer,
and E. Jones secretary
On the Saturday next preceding
he second Monday of December,
1911, and annually thereafter, except |
when such day shall fall on legal
holiday, then upon the next follow
ng lay-day, the stock holders shall
elect board of directors for the
ensuing year, the board already in
stalled to continue to hold over until
heir successors are elected and quail
led. The board of directors so elect
ID shall elect from their own number
he officers of the corporation which
hall be a president, vice president
md treasurer and secretary. The
election of directors shall be by a
ballot, and the persons receiving the
argest number of votes cast shall
,e declared elected.
For electing directors, or for any
,ther purpose, each share of stock
whether present or by proxy, shall
,e entitled to one vote, and major
ty of the votes cast shall be required
O pass any resolution or decide any
question submitted to the stockhold-
RS except for the alteration or
of this charte, or the
dissolution of the corporation as
provided.
The said board of directors shall
ave power and authority to make
IL necessary rules and regulations
or the management, operation and
ontrol of the business of the corpor-
tion, as well as to make all neces-
ary rules and bylaws, with power
O fill any vacancy occurring in their
lumber. A majority of the directors
citing at any one time, in person or
" proxy, shall be required to pass
nv resolution or adopt any bylaws,
nd which, when adopted, shall be-
ONE valid corporate acts.
ARTICLE vi.
Notice of all meetings of stock
olders, for electing directors, or for
nv other purpose, shall be given, in
rriting, by the secretary, to be de-
osited in the mail at least ten days
efore such meeting, directed to each
at his last known adj !,