The herald. [volume] (New Orleans, La.) 1905-1953, 1912-03-21

r1vat1veS and produce OF all KINGS TO Oper-
ate saw mills and to sell the produce and
residue or waste thereof or TO further use
and manufacture the same. and to pull
stumps and clear land, whether In connec-
ton with such business or apart from II !;
to buy, sell and lease real estate, to operate
tram roads and barge lines or other vessels,
in connection with the carrying on of its
business to conduct a general merchandise
business in connection with said business,
and generally to engage in any business in
cident 10 or conveniently necessary TO or
connected with the operation of the bust
ness above mentioned
ARTICLE III.
The president or in his absence or ina
hility to act, the vice-president, or, in case
OF his absence or inability, the secretary
shall he the proper person upon whom all
citations or legal process shall be served.
ARTICLE ".
The capital stock OF this corporation is
hereby fixed at the sum of fifty thousand
dred shares of the par value of one hundred
(SlO0.OUJ dollars each. Said shares Of
stock shall be paid for by the subscribers
thereto. as shall be required by the board
of directors, and the stock may be issued in
payment of property acquired by the cOrpO-
ration or in compensation for services rend-
cred. This corporation shall be authorized
TO begin business as soon as five thousand
stock shall have been subscribed for. Any
stakeholder may SELL assign or transfer his
stock In this corporation, provided thirty
900 days prior written notice of such in
tentiOn to sell, assign or transfer the same
be given the company, and the stockholders
thereof shall have the first privilege of pur-
chasing the came; after which notice the
said stock may be sold in open market. A
prior lien on all shares of stock shall be
retained by the company on the stock OF any
shareholder for any indebtedness secured or
unsecured, however evidenced or created, due
at any time TO the company by the holder
of such stock. And all transfers of stock
shall be transferred subject to this clause.
ARTICLE V.
All powers of this corporation shall be
vested in a board Of directors composed of
not less than three 81 stockholders. They
shall be elected on the first Monday of De
cember in each year, commencing 1872, at
general meeting convened for that pur-
pose. after ten days previous notice in writ
ing to each stakeholder owning stock stand
Ing in his name on the books OF the corpo-
ration. and until such time the following
named stockholders are hereby named as the
first board of directors. and who shall hold
their Office and exercise their functions until
their successors are elected, viz George +.
Mason. l.. +. Clifton. W. ]. EEngle and +.
Wood. of whom Geo. +. Mason shall he
president. L. f. Clifton shall be vice-preSi-
dent and f.. Wood secretary and treasurer.
L
secretary and treasurer or each of such of
fees may be held 10y a different person.
The election Of the board of directors
shall be by ballot, and each stakeholder shall
be- entitled 10 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. immc-
diately after their election, elect from their
number a president. Il vice-president, sec
rotary and a treasurer.
The said board Of directors shall elect and
employ any and all employees, managers
and clerks of the corporation they may deem
necessary for the proper conduct of its bust
ness and may fix their compensation, and
remove or dismiss them at pleasure.
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 stakeholder or this
corporation may he dissolved with the as
sent of twO-thirds of the capital stock repre-
scented at such meeting. In case OF disso.
luton. the affairs of the corporation shall
be closed and liquidated, as rapidly as pos
Sible. by two or three liquidators, appointed
or elected by the stockholders at such meet
ing. The capital stock of this corporation
may he increased or diminished in accord
ance with the laws OF the state OF lOuisl-
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 capital stock sub
scribed 10 by them respectively, constituting
the same the subscriptions made by the
incorporatOrs for the purpose of organizing
this corporation.
ARTICLE VIII.
No stakeholder shall be liable or response
bic for the contracts. or faults of this cor
Doration in any further sum than the un.
pa id balance due to the corporation, on the
shares owned by him, nor shall any mere
.nformalty in organization have effect of
wandering this charter null or OF exposing
a stakeholder to liability beyond the amount
of his unpaid stock, IL any.
Thus done and passed at my office, in New
Orleans. Orleans parish, Louisiana, on the
day and year first above written, in the
presence of Milton Seawell and f. c. Balm
tine, competent witnesses, residing in said
parish. who have signed their names, to-
gethcr with said appearers and me, notary,
after due reading OF the whole.
tSigned) w. j. LEngle, subscribed TO
100 shares g. F. Mason, subscribed to 20
shares; E. Wood, subscribed to % shares
L. +. Clifton, subscribed TO 30 shares. wit
nesse) Milton Seawell, Z. c. Ballintine;
A. G. LAPICE, Notary Public.
l. the undersigned notary public, do here
by certify the above and foregoing to be a
true and correct copy of the act of incorpo-
ration of the Ozone Turpentine Company,
passed before me on the fifth day of March,
1912 together with the certificate of the re-
corder of mortgages for the parish OF Or
leans thereto annexed, showing its recorda-
ton in his Office, the original of which Is OF
record in my current notarial register.
Given under my hand and impress of my
official seal this nineteenth day OF March,
A. ID. 1912.
A. G. LAPICE, Notary Public
Original recorded in book 1851, folio sos,
of the Office of the recorder of mortgages for
the parish of Orleans, state of Louisiana.
(SeaD
inch p % apr IL IS % 1912