The herald., 1912-05-23
CHARTER

,svoRA NAVAL STORES COMPANY.
rcn STATES OF AMERICA, STATE
CNifnEEp LOUISIANA, PARISH OF OR
LEANS.
..oun that on this third day OF
BE w vear OF our Lord, one thousand
April inn,d-ai and twelve, before me, Am
nne e lattice notary pubic duIy aP-
ee es..S and qualified, In and Tor the parish
pol1leua state OF Louisiana. and IN the
Vea", IN. undersigned witnesses, per-
presehee .snoe and appeared the several per
sDnal! 90 names are hereuntO subscribed,
Sl s..nts on the parish OF Orleans ana or the
New Orleans, who severally declared
az ayailing themselves OF the avs OF IN, inls
uaL IN such cases made and provided, they
sas' ARMED and organized, and by these
n'e AZ orpanize themselves into cor
e.,Vo1 and body corporate, for the objects
g e.S ourposes, and under the stipuiations rol-
owing 'O-"'' ARTICLE L.
,sne and title OF this corporation
III, nv hs GI,ENMORA NAVAL STORES
SNOWY and its dOmicile shall be IN
~ Orleans, parish OF Orleans, Loulslaha.
Nes s.iI srist for the term OF ninety-nine
sna s,om date hereof, and by name shall
!us nd he sued ,snd contract and enjoy any
w IN ,iohts. privileges and powers under
ss Avs Of the state Of louisiana
ARTICLE II.
tn. objects and purposes for which this
.-ao,.ticn Is established and the nature OF
n. business TO be carried on by II, are, 10
.,sssre manufacture, buy and sell turpen-
- rosIn- naval stores, and wood derlva-
~ snd produce OF all kinds; to operate
w mills and to sell the produce and resi-.
-. A. waste thereof or TO further use and
ssnHfacture the same, and TO pull stumps
"a eIesr land whether in connection Win
saeh business or apart from II 10 Ouy, SCI!
"a lease real estate, to operate tram roads
- hsree lines or other vessels, In connec-
,as With the carrying on OF its business, 70
sonauct A general merchandise business IN
emneetjon with said business, and generally
"a Engage In any business incident to or con-
y,sieutly necessary to or connected with the
so,rstion Of the business above mentioned.
ARTICLE III.
Tia nrss,dent. or In his absence or inabil.
M 10 All. the yice-president, or IN case OF
NJ shsence on inability, the secretary, shall
y fhe proper person upon whom all cltaIlons
or legsl process shall be served.
ARTICLE ".
Ths capital stock of this corporation Is
hsby ared at the sum of two hundred and
ssy thousand dollars $3.50, 000.OO), divided
,te twenty-five hundred (2.5OOl shares OF
~ mar value of one hundred CS1OOOOl DOL
An each Said shares of stock shall be
MIA Tor by the subscribers thereto, as snail
Y required by the board OF directors; ana
tie stock may be issued In payment OF pro-
psrty acquired BY the corporation or In COM
rrafion for services rendered. This cor
mrton shall be authorized to begin busl-
- q soon as one hundred thousand doi,
hB (s1o000O.00l or more OF the capital
stock shall have been subscribed for. Any
noctholder may sell, assign, or transfer his
stock IN this corporation, provided thirty
lsOl dayy prior written notice or sucn IN
tntion to sell, assign or transfer the same
b given the company. and the stockholders
chasing the same; after which notice the
aid stock may be sold In open market. A
prior lien on all shares OF stock shall be re-
timed BY the company on the stock OF any
shareholder for any Indebtedness secured or
unsecured, however evidenced or created, due
stary time TO the company by the holder OF
Ech stock. And all transfers of stock shall
b transferred subject to this clause.
ARTICLE v.
All powers Of this corporation shall be
vested In q board Of directors composed OF
not les than three f3) stockholders. They
nal be elected on the first Monday or de
rnbef In each year, commencing 1917, at a
eneral meeting convened for that purpose,
amer ten days previous notice in writing 70
- stockholder owning stock standing in
~ name on the books Of the corporation,
% until such time the following named
Acckholders are hereby named as the nrst
Mrd Of directors and who shall hold their
Ao and exercise their functions until their
all tad of q Mason
xmd and Z. NJ. Pringle, Of whom G. r
sl,on snail be president, 2. NJ. Pringle
@A be vice-president, and r. Wood shall
ekcresary and treasurer. The same per:
may hold the ofices of secretary and
uanrer or each Of such Offices may be held
~ different person.
ne election Of the board of directors
~ % hy ballot, and each stockholder shall
0ufled 10 one vote. either In person OF
Pury, for each share of stock owned by
y and majority of the votes cast shall
80 The board Of directors shall, imme'
sslsg after their election, elect from their
d president, a vlce-president, sec
~ and q treasurer.
ne nid board Of directors shall elect and
any and all employees, managers
49, defts Of the corporation they may deem
ay for the proper conduct of the
~ and may fix their compensation
Nnove or dismiss them at pleasure.
ARTICLE vi.
asn charter may be amended or altered
efockholdsrs at a general meetine
s-.neo TOT that purpose, after ten days
..n not1ce to each stakeholder; or this
snon may be dissolved with the assent
Smonirds OF the capital stock represent
\" sueh meeting. In case of dissolu
49, me snairs Of the corporation shall d
md iiguidated, as rapidly as possible
s OF three liquidators, appointed OF
the stockholders at such meeting
opital stock OF this corporation may b
- or diminished in accordance witt
ris.s Of the state of Louisiana, on thu
r Stsa,ol altering the capital stock OF cor
ARTICLE VII.
sstsss subscribers hereto have respectivel!
/ 1s~S. opposite their signatures hereto, tn
Sass OF shares OF the capital stock SUP
| oy them respectively, constitutln!
nns.ne the subscriptions made by the In
@poration.
ARTICLE VIII.
M s'ockholder shall be Liable or responsi
rsfies me contracts or faults OF this corpo
SLsm any further sum than the unpai,
snsS que to the corporation on the share
n ~ " nm, nor shall any mere informal
IL 81 sanization have effect of renderini
B IshnsUer null or OF exposing a stockholde
M oeyond the amount OF his unpai
a;asos done and passed at my office, in New
e parish Of Orleans, Louisiana, Of
9usc and year first above written, In tn
t. 49, VI e. ii. Boehler and Z. c. BALM
MA petent witnesses, residing In sal
M, ~. VIC have signed their names, to
Nh A. iii said appearers and me, notary
aslxned) e NJ PrinoIa enhscrfhad IN Ok