The herald., 1912-06-20
OF THE PRINGLE TURPENTINE CUP
COMPANY.
UNITED STATES OF AMERICA, STAT
OF LOUISIANA PARISH OF OF

COMPANY.
UNITED STATES OF AMERICA, STATE
OF LOUISIANA, PARISH OF Or
LEANS.
Be it known, that on this twenty fourth
day Of May, 1912, before me, notary public
appointed and qualified in and for the parish
Of Orleans, state Of Louisiana, and in the
presence of the undersigned witnesses per-
sonally came and appeared the several per-
sons whose names are hereto subscribed, res
idents of the parish of Orleans and Of the
city OF New Orleans, Louisiana, who sever
ally declared that, availing themselves of the
laws of this state in such cases made and
provided, they have formed and organized
themselves into corporation for the objects
and purposes, and under the stipuations fol-
lowing, to-wit:
ARTICLE I.
The name and title of this corporation
shall be THE PRINGLE TURPENTINE CUP
COMPANY. Its domicile shall be in New
Orleans, in the parish of Orleans, Louisiana.
1t shall exist for term Of fifty years from
the date hereof and shall enjoy all rights,
privileges and powers granted to corpora
lions under the laws of the state of Louisi-
ana.
ARTICLE II.
The objects and purposes for which this
corporation is established and the nature of
the business to be carried on by it, are the
manufacturing and selling Of all kinds Of
turpentine cups whether of clay, metal, or
Of any other substance whatsoever; the man.
ufacturing of any and all other appliances
related to or connected with the turpentine
cup industry. the dealing IN such products
whether produced or manufactured by itself
or obtained from other manufacturers the
mining OF clay or coal; the operating OF
quarries, kilns ovens, cOllieries, mills, or
factories incident thereto; the construction
Of roads and railroads and buildings of any
character necessary or useful In the opera
tion of any part Of the above business the
acquisition of other properties used in the
same general line OF business: and, gener-
ally, the engaging in any business incident
to or connected with the operation OF the
business above mentioned, together with the
right to buy and sell, lease, mortgage, or
pledge, real and personal property as in the
development OF Its business may seem nee
essary and to issue bonds, notes, or other
evidences OF indebtedness and to borrow or
lend money. 1t shall have the power to
elect officers and directors, and to make such
bylaws and rules as may be deemed neces-
sary, and the same to alter or amend or
abolish at pleasure.
ARTICLE III.
The president, vice-president, or the secre-
tary and treasurer, shall be the proper per-
sons upon whom all citations or legal pro-
cesses may be served.
ARTICLE ".
The capital stock of this corporation Is
hereby fixed at the sum Of one hundred thou
thousand U,OOO) shares of the par value Of
one hundred dollars (S100.00) each. Said
shares of stock shall be paid for by the sub
SrrlDprS thereto
board of directors and stock may be issued
for cash or in payment for patent rights,
services rendered, or property acquired by
the corporation for corporate purposes. The
corporation shall be authorized to begin bus
mess as soon as fifty thousand dollars $50.
900 00) or more Of the capital stock shall
have been subscribed for.
ARTICLE v.
All powers of this corporation shall be
vested in a board of directors composed Of
not less than three, nor more than seven,
stockholders. The first board Of directors
shall be composed of the following stock
holders, viz A r. Marston. Z. Wood and Y.
J. Barrois, of whom the first named shall be
president, the second, vice-president, and the
third, secretary and treasurer. This board
and these officers shall serve until such time
as their successors are elected and qualified.
The board of directors shall be elected annu-
ally on the second Monday of November of
each year and from amongst themselves.
shall, on the same day, elect the officers of
the company shall serve for one year from
the date OF their election or until their sue
cessors are elected and qualified
ARTICLE vi.
The subscribers have respectively stated
opposite TO their names hereto the number Of
shares Of the capital stock subscribed by
them, respectively, constituting the same the
subscriptions made by the incorporators for
the purpose Of organizing this corporation /:
A. B. Marston subscribes to 33 shares, II.
Wood subscribes to 33 shares, n. J. Barrois
subscribes to 33 shares, Il. III. Boehler sub
scribes to / share.
ARTICLE VII
This charter may be changed, altered, or
amended and the capital stock increased or
decreased. by a vote of two-thirds of the
capital stock issued at a general meeting
called for that purpose by the president, or
by a majority of the board of directors,
after thirty days prior notice In writing
having been sent to each stakeholder at his
last known address. This corporation may
be dissolved by a vote of two-thirds Of the
capital stock thereof at any general, or at
any special, meeting convened for the pur-
pose after thirty days prior notice in writ
ing having been sent to each stakeholder at
his last known place of address. Whenever
this corporation is dissolved. whether by
limitation or otherwise its affairs shall be
liquidated by three liquidating commission.
ers to be elected at such special or general
meeting, and, In the case Of death or ina
bility to act by any of the commissioners
the surviving commissioners shall appoint Q
third commissioner and together they shall
continue said liquidation to its termination
ARTICLE VIII.
No stakeholder shall ever be liable or re
sponsible for the contracts or faults Of this
corporation for any further sum than the
amount due the company on any stock owned
by him. Nor, shall any informally In the
organization herein have the effect Of rem
dering this charter null or of exposing AM
stakeholder to any liability beyond such un
paid balance due on his stock.
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