The herald. [volume] (New Orleans, La.) 1905-1953, 1912-04-25

rivatives and produce Of all kinds 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 to or conveniently necessary to or
connected with the operation OF the busi
ness above mentioned
ARTICLE III.
The president. or in his absence or ina
bility to act, the vice-president, or, in case
OF his absence or inability, the secretary
shall be the proper person upon whom all
citations or legal process shall be served.
ARTICLE ".
The capital stock of this corporation is
herebv fixed at the sum OF fifty thousand
$50, 100000 dollars, divided into five hun
dred shares Of the par value Of one hundred
100000 dollars each. Said shares Of
stock shall be paid for by the subscribers
OF directors, and the stock may I've issued in
payment OF property acquired by the corpo-
ration or in compensat ton for services rend-
cred. This corporation shall be authorized
TO begin business as soon as five thousand
lS5,OOO.OO) dollars or more, OF the capital
stock shall have been subscribed for. ANY
stakeholder may sell, assign or transfer h Is
stock in this corporal ion, provided thirty
600 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 same; after which notice the
said stock may be sold in open market A
prior lien on all shares OF stock shall he
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 90 stockholders. They
shall be elected on the first Monday OF De
cember in each year, commencing 1912, al
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 unit
their successors are elected viz /: George +
Mason, l.. +. Clifton, W J. L'Engle and T.
Wood, OF whom Geb. +. Mason shall be
president, L. +. Clifton shall be vice-presi
The same person may hold the offices OF
secretary and treasurer or each Of such Of
fees may be held by different person.
The election of the board OF directors
shall he by ballot, and each stakeholder shall
be entitled to one vote, either in person oil
by proxy. for each share OF stock owned by
him, and majority OF the votes cast shall
elect. The board of directors shall, imme
diately after their election. elect from theil
number a president a iCe-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 be dissolved with the as
sent OF two-thirdS Of the capital stock repre-
scented at such a 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.
may be increased or diminished in accord.
apce with the laws OF 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 capital stock sub
scribed to by them respectively, constituting
the same the subscriptions made by the
incorporstors for the purpose of organizing
this corporation.
ARTICLE VIII.
bic for the contracts or faults of this cor
pOration In any further sum than the I'M
paid balance due to the corporation on the
shares owned by him, nor shall any mere
rendering this charter null or OF exposing
a stakeholder to liability beyond the amount
Of his unpaid stock, II 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 E. c. Balm
tine, competent witnesses, residing In said
parish, who have signed their names, to-
gether with said appearers and me, notary,
after due reading Of the whole.
Signed W. ]. LEngle, subscribed to
100 shares; G. +. Mason, subscribed to IS
shares E. Wood, subscribed to % shares
L. Z, Clifton, subscribed to so shares, wit
nesse) Milton Seawell. f. C. Ballintine.
A. G. LAPIcE, Notary Public.
l, the undersigned notary public, do here
Dy 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 notarisl 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 81 % apr IL IS % 1912