The herald., 1912-05-16

iLlundU Magazine !:
- Agent. t.
CHARTER
,,rxvorA NAVAL STORES COMPANY.
-n STATES OF AMERICA. STATE
VSiinIsD LOUISIANA, PARISH OF OR
LEANS.
n. - Known. that on this third day of
,Io1 IN the year Of our Lord, one thousand
ip,h s,,drei and twelve. before me, Am
rse Isipice. notary public duly APP
~ a. and oualified. in and for the parish
pei nt'a. ~ state Of louisiana. and in the
U :, the undersigned witnesses, per-
Ress,s. zane and appeared the several per
s.. nose names are hereunto subscribed,
~ I,.,ts 2, the parish OF Orleans and or the
ey ~a,ssine themselves Of the laws OF this
NJ 4" snrb cases made and provided, they
~ s formed and organized, and by these
nv ~ Al organize themselves into cor
Ee.,,Sso and body corporate, for the objects
p.a or-noses. and under the stipuiations fol
wing tO-vit:
ARTICLE l.
~. name and title OF this corporation
~ Ne GLENMORA NAVAL STORES
SsMptyY. and its dOmicile shall be in
~ Orleans, parish or Orleans, LOUISIANA.
, !. All erist for the term Of ninety-nine
-. ..1 t,om date hereof, and by name shall
y. md he sued ,snd contract and enjoy any
~ IN rights. privileges and powers under
~ avs OF the state OF louisiana
ARTICLE II.
m, oh,prts and purposes for which this
,.norstoo Is established and the nature OF
~ tSaslness 10 be carried on by IL, are, TO
snaues manufacture, buy and sell turpen-
4. ,osip naval stores, and wood deriva-
Ave-. ma produce of all kinds: TO operate
.x Minis and TO sell the produce and resi-
Ar ar waste thereof or to further use and
manufacture the same, and to pull stumps
M rlsar land. whether In connection with
nh business or apart from it; to buy, sell
,,d ease real estate, TO operate tram roads
"A hare lines or other vessels, in cOnnec-
ion with the carrying on OF its business, to
s0sjuct a general merchandise business In
/ cu,ecton with said business, and generally
nase In any business incident to or con-
rplsntly necessary 10 or connected with the
gsrtion Of the business above mentioned.
ARTICLE III.
ne president, or In his absence or inabil-
IN % sct, the vice-president. or in case OF
NJ absence or inability, the secretary, shall
kthe proper person upon whom all citations
lsal process shall be served
ARTICLE ".
n, capital stock Of this corporation Is
krg aied at the sum of two hundred and
nv ihousahd dollars $3.50, 000.O0, divided
mo TWENTY-FIVE hundred (2,500) shares OF
IL par value of one hundred (S100.OOD dol
IN each Said shares Of stock shall be
ri Tor BY the subscribers thereto, as shall
required BY the board Of directors. and
n sock NAV be issued in payment of pro-
Fny acquired by the corporation or In CON-
,n1tion for services rendered. This cor
pafica shall be authorized to begin busl-
- q soon as one hundred thousand dof.
an 1870 00000) or more OF the capital
nd shall have been subscribed for Any
xxkholder may sell, assign, or transfer his
ssf n this corporation, provided thirty
Il
tatnn to sell, assign or transfer the same
= lirn the company, and the stockholders
ntrsof shall have the first privilege OF pur-
aiH the same; after which notice the
" stock may be sold in open market. A
~ len on all shares Of stock shall be re-
rnd hs the company on the stock OF any
n'eAolder for any Indebtedness secured or
nsc1ret however evidenced or created, due
I'M tine TO the company by the holder OF
e sock And all transfers of stock shall
| snnsferred subject to this clause.
ARTICLE V.
A powers Of this corporation shall be
MN 10 board Of directors composed Of
M tnan three 90 stockholders. They
~ Y elected on the first Monday Of De
- each year, commencing 1912, at
= - meeting convened for that purpose,
- M days previous notice In writing to
= 0ckholder owning stock standing In
~ nne on the books of the corporation.
Hul such time the following named
o.ces are hereby named as the first
directors, and who shall hold their
- nd exercise their functions until their
-, are elected, viz( G. +. Mason, r.
nd z. NJ. Pringle, of whom G. +.
- mall be president, f. NJ. Pringle
vlce-president, and f. Wood shall
= ~ and treasurer. The same per-
/ tn~---N
~ ~ % each Of such ofices may be held
inherent person.
~ election Of the board Of directors
49, oailot, and each stakeholder shall
so 70 one vote, either In person or
lof each share Of stock owned by
~ majority OF the votes cast shall
fsh y. y. board OF directors shall, imme-
-. .'ef tneir election. elect from their
- president, a vice-president, a Sec
nd q treasurer.
- a board Of directors shall elect and
Il and all employees, managers,
49, " the corporation they may deem
49, nr the proper conduct Of the
n mo may fix their compensation,
OF dismiss them at pleasure.
ARTICLE VI.
srer may be amended or altered
Scyr.s s.ekholders at a general meeting
ea1n LOT ior that purpose, after ten days
e<o,t;ss ce 10 each stakeholder; or this
unsesaa,may be dissolved with the assent
4 c.a OF the capital stock represent
s a nen meeting. In case OF dissoIu-
IN "a s11dirs OF the corporation shall be
n ~ nauidated, as rapidly as possible.
~ ~ taree liquidat0rS, appointed or
4 All. lle stockholders at such meeting.
<l.sS - aock OF this corporation may be
I'M ~ diminished in accordance with
%1Ff a. 49, STATE OF LOUISIANA. on the
nasbos snering the capital stock Of corr
ARTICLE VII. !
NJ cseiloers hereto have respectively
NJ s0slte their signatures hereto, the
~ n snares OF the capital stock sub
sns ~, them respectively, constituting
9aa,a,sn ne subscriptions made BY the in
nne..,ier the purpose OF organizing
ARTICLE VIII.
Nm a. noldtr shall be liable or RESPONSE
- Il .ontraets or faults of this corpo.
- A. mrther sum than the unpaid
~ ~ the corporation on the shares
IA CIV nor shall any mere informal
&dsrsr staon have effect of rendering
4slSy h nnl or Of exposing a stakeholder
an yond the amount Of his unpaid
- 80 anQ passed at NV nfffra In New