The herald. [volume] (New Orleans, La.) 1905-1953, 1912-06-13
CHARTER
OF DEXTER TURPENTINE COMPANY.

OF DEXTER TURPENTINE COMPANY.
UNITED STATES OF AMERICA. STATE
OF LOUISIANA. PARISH OF ORLEANS.
Be it known, that on this sixth day Of
May, in the year of our Lord, one thousand
nine hundred and twelve, before me, Am
pointed 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
residents of the Parish Of Orleans and of
the City of New Orleans, who severally de-
clared, that, availing themselves of the laws
of this state, In such cases made and pro-
vided, they have formed and organized, and
by these presents do organize themselves
into corporation and body corporate, for
the objects and purposes, and under the stip-
ulations following; to.wit:,
The name and title of this corporation
shall be Dexter Turpentine Company. and
Its domicile shall be In New Orleans, Parish
Of Orleans, Louisiana. 1t shall exist for
hereof, and by name shall sue and be sued,
and contract and enjoy any and all rights,
privileges and powers under the laws of
the State of Louisiana.
The objects and purposes for which this
corporation Is established and the nature
Of the business to be carried on by 1t are,
to produce, manufacture, buy and sell tur-
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 it.
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 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 business
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 ali
citation or legal process shall be served.
ARTICLE ".
The capital stock of this corporation Is
hereby fixed at the sum of twenty-five thou
sand dollars (s25, 900. OO), divided into two
hundred and fifty shares of the par value
Of one hundred dollars (S100) each. Said
shares of stock shall be paid for by the sub
scribers thereto, as shall be required by the
board Of directors, and the stock may be
issued In payment of property acquired by
the corporation or In compensation for ser
vices rendered: This corporation shall be
authorized to begin business as soon as If
teen thousand dollars (s15,00O00) or more
Of the capital stock shall have been sub
scribed for. Any stockholder may sell, as
sign, or transfer his stock In this corpora
ton, provided thirty (30) days prior writ
ten notice of such Intention to sell, assign
or transfer the same be given the company,
and the stockholders thereof shall have the
first privilege Of purchasing the same; after
which notice the said stock may be sold in
open market. A prior lien on all shares Of
stock shall be retained by the company on
the stock Of any stakeholder for any indebt-
edness secured or unsecured, however evil
denced 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 (3) stockholders. They
shall be elected on the first Monday of De
cember In each year, commencing 1912, at
a general meeting convened for lat purpose
after ten days previous notice In writing,
to each stockholder owning stock standing
In his name on the looks Of the corporation,