The herald. [volume] (New Orleans, La.) 1905-1953, 1912-07-18

provided, they have formed and orga nised
themselves into corporation for the objects
and purposes, and under the stipulations 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.
| Ii 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 1t, are the
manufacturing and selling OF all kinds Of
turpcntine cups, whether OF clay, metal, or
Of Cny other substance whatsoever; the man
ufacturing OF any and all other appliances
related 10 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, cOlli.ries, mills, or
factories incident thereto; the construction
OF roads and railroads and buildings of any
character necessary or useful in the opera
ton 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
10 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-
Ill .fN
cesses may be served.
ARTICLE ".
The capital stock OF this corporation /.
hereby fixed at the sum OF one hundred thou
sand dollars $500. 0O0.0 0), divided into one
thousand Il .000) shares of the par value OF
one hundred dollars (S100.00) each. Said
shares OF stock shall be paid for by the sub
scribers thereto as shall be required by the
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 he authorized to begin bus
mess as soon as fifty thousand dollars $3.50.
0.0O) 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. B. MarStOn. l.. Wood and "
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. The directors and officers OF
the company shall serve for one year from
the date OF their election, or until their sue
ceSSOrs are elected and qualified
II
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
\. II. Marston SubScribeS to 33 shares, F.
Wood subscribes to 80 shares. n. J. Barrois
Su5ScribeS TO 33 shares +. III. BOehler sub
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 vote OF two-thlrds 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 stock holder at |
his last known place OF address. Whenever
this corporation is dissolved whether by |
imitation or otherwise, its affairs shall be |
iquidated by three liquidating commission |
ars TO be elected at such special or general |
meeting, and, In the case OF death or ina |
pility TO act by any OF the commissioners |
he surviving commissioners shall appoint a |
-hird commissioner and together they shall |
continue said liquidation 10 its termination. |
ARTICLE VIII.
No stakeholder shall ever be liable or re-
mr. ha nfraa fC III
corporation for any further sum than the
amount due the company on any stock owned |
~ him. Nor, shall any informality in the
herein have the effect of rem
iering this charter null or OF exposing any
'tockholder to any liability beyond such un-
'ald balance due on his stock.
Thus done and passed at my Office In New
orleans, parish OF Orleans, state of Louisi-
ina, on the day and year first above written,
n the presence of John G. Hamilton and 10
eph ~ Cresop competent witnesses residing
n said parish, who have signed their names,
ogether with the said appearers and me,
rotary, after due reading Of the whole
(Signed) A. B. Marston, ~ J. Barrels.
,. Wood, E. II. BOehler. (Witnesses) J.
J. Hamilton, J. e. Cresop.
A. G. LA PICE, Notary Public
i, the undersigned recorder OF mortgages,
n and for the parish Of Orleans, state of
.ogisiana, do hereby certify that the above
'ringle Turpentine Cup Company was this
lay duly recorded in my office, in book 1855,
OliO 1S6.
New Orleans, May 25th, 1912
(Signed) EMILE LEONARD, ID. R.
/, the undersigned notary, do hereby GER
ify the above and foregoing to be a true
nd correct copy Of the act Of incorporation /
4 the Pringle Turpentine Cup Company. II
assed before me on the oath day of MAY,
!. ID. 1912, together with the certificate of
ne recorder of mortgages for the parish of
orleans, Louisiana, thereto annexed showing
IS recordation In his ONCE, the original Of
Which Is Of record In my current notarial
egister.
Given under my hand and impress Of my
mcial seal the 9Th day Of June, A. ID. 1912.
(Signed)
A. G: LA PIcE, Notary Public.
nne Is 20 % july 4 IL Is {