The herald. [volume] (New Orleans, La.) 1905-1953, 1912-06-06

shares Of stock shall be paid for by the sub
seribers thereto, as shall be required by the
board OF directors, and the stock may be
issued In payment of property acquired by
the corporation or in compensation for ser
vices rendered. This corporation shall De
authorized to begin business as soon as hf-
teen thousand dollars (sl5,oOOOOl or more
OF the capital stock shall have been sub
scribed for. Any stakeholder may sell, as
sign, or transfer his stock In this corpora
ton, provided thirty 800 days prior writ
ten notice OF such intention 10 sell, assign
or transfer the same be given the company.
and the stockholders thereof shall have the
first privilege OF purchasing the same: after
which notice the said stock may De sold IN
open market prior lien on all shares Of
stock shall be retained by the company on
| the stock Of any stakeholder for any indeot-
edneSs secured or unsecured. however evil
denced or created. due az any time 10 the
company by the uOpler Of such stock. And
all transfers Of stock shall De transferred
subject 10 this clause.
ARTICLE Y.
All powers Of this corporation shall b.
vested in a board Of directors, composed Of
not less than three 80 stockholders. They
/ shall be elected on the first Monday OF De-
Cember in each year. commencing 1912, al
/ a general meeting convened for at purpose
after ten days previous notice In writing
/ 70 each stakeholder owning stock standing
/ in his name on the -OOks Of the corporation.
and until such time the following named
stockholders are hereby named as the hrst
board OF directors. and who shall hold their
/ Office and exercise their functions until.
| th,ir successors are elected. viz: ". ].
/ I.Ensla. F. Wood ana g. F. Mason. OF whom
-. /. Mason shall be president, W. J.
l / Ensie shall De yice-president and E Wood
] shall - secretary and treasurer. The same
4 person may hold the Offices Of secretary and
| held by a different person.
The election OF the board OF directors
/ shall be D. ballot, and each stakeholder
| shall De entitled 10 one vote, either in per
| son 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 election, elect
| from their number president, vice-presi-
| dent, secretary and treasurer.
! The said board OF directors shall elect
and employ any and all employees, mana
! deem necessary for the proper conduct OF
the business, and may fix their cOmpensa-
ton and remove or dismiss them az pelas-
ARTICLE VI.
This charter may be amended or altered
! Oy the stockholders at general meeting
/ convened for that purpose. after ten days
I written notice 70 each StOCkhOlder; or this
/ corporation NAV be dissolved with the as
sent Of two-thirds of the capital stock rep
resented az such a meeting. In case OF dis
solution. the affairs Of the corporation shall
be closed or liquidated. as rapidly as posi-
! Die, by two or three liquiiatOrS. appointed
or elected By The stockholders at such meet
ing. The capital stock of this corporation
.
ance with the laws W the State Of Louisi-
| ana. on the subject Of altering the capital
stock Of corporations.
ARTICLE VII.
The subscribers hereto have reSpeCtively
} stated opposite their signatures hereto, the
number Of shares Of the capitpal stock sub
Scribed by them respectively, constituting
the same the subscriptions made by the in
cOrpOratOrs for the purpose e organizing
ARTICLE VIII
No stakeholder shall De liable or respon
/ sible fof the contracts o. faults Of this cor
poration in any further sum than the IN
paid balance due 10 the corporation on the
shares owned By him. nor shall any mere
informality in organization have effect of
rendering this charter null or OF exposing
stOckhOlder 10 liability beyond the amount
OF his unpaid stock, If any.
Thus done and passed at my Office. IN
New Orleans, Parish Of Orleans. Louisiana
on the day and year first above written. in
the presence OF y. J. Barrios aud f. c. Bal
lintine, competent witnesses residing In
said parish. who have signed their names
together with said appearers and me, no
tary. after due reading OF the whole.
Signed: W. J. LEngle. subscribed to loo
shares: G. F. Mason, subscribed TO %
shares E. Wood subscribed 20 % shares
Witnesses y. J. Barrios. f. {. BallintiAe
Signed A. G.. LAPICE. Notary Public
|. the undersigned Recorder Of MortgaC es
in and for the Parish Of Orleans, State OF
Louisiana. DO hereby certify that the above
and foregoing act OF Incorporation Of tht
Dexter Turpentine Company was this day
duly recorded In my Office in hook 1865. 70
Ito 40. New Orleans. La, May s. 1912.
EMILE LEONARD, II. r.
I. the undersigned notary, do hereby Ger
tIfy the above and foregoing to be a true
and correct copy OF the act OF incorpOra
ton OF the Dexter Turpentine Co. passed
before me on the sixth day Of May, A. d.
1912. together with the certificate OF tbs
Recorder Of Mortgages for the Parish Of or
leans. Louisiana. thereto annexed showing
It's recOrdation IN this ONCE. the original Of
which is OF record in my current uOtarial re
gister.
Given under my hand and impress OF my
official seal the II day OF May. A. n. 1912
A G. LaPTCE. Notary Public.
nav Is % 80 June Is 20