The herald. [volume] (New Orleans, La.) 1905-1953, 1912-05-09
CHARTER

CHARTER
.,,xwRA NAVAL STORES COMPANY.
.,,,rrn STATES OF AMERICA, STATE
UNlfnlrD LOUISIANA PARISH OF OR
LEANS.
4. tnoun. that on this third day OF
De- ths wear OF our Lord, one thousand
Ap.a hnn,dred and twelve, before me. Am
rns IsI.ice. notary public duly ap-
1880 and qualified. in and for the parish
, p'iI n.,.ans state OF Louisiana. and in the
e..'.,ce Of the undersigned witnesses; per-
P.rr came and appeared the several per
pnalg 80 names are hereuntO subscribed
~ fs.rts an the parish Of Orleans and OF the
Now orleans who severally decla red
~ wsvsIling themselves Of the laws OF this
n n such cases made and provided, they
80 formed and organized, and by these
n 's,ts 40 organize themselves into cor
pres.1as and body corporate, for the objects
"a ourposes. and under the stipulations fol-
wing to-wit:
ARTICLE l.
m. name and title OF this corporation
III hs GI.ENMORA NAVAL STORES
sssscupiyy. and its dOmicile shall be in
~ orleans. parish OF Orleans. Louisiana.
II shall exist for the term or nlnety-nlne
80 from date hereof, and by name shall
- nd he sued md contract and enjoy any
~ All rights, privileges and powers under
,Ss laws Of the state Of Louisiana.
ARTICLE II.
IN. objects and purposes for which this
..,na,.tior is established and the nature of
~ hnsipess TO be carried on by II, are, TO
..nance manufacture, buy and sell turpen-
~ rosiu. naval stores. and wood deriva-
,iss. and produce of all kinds :. to operate
nv mills and 10 sell the produce ana resi-,
sue ar waste thereof or TO further use ana
@snsfaeture the same, and to pull stumps
"a clear land. whether In connection with
sneh hnSdness or apart from it; TO buy, sell
snd lease real estate, to operate tram roads
snd barge lines or other vessels, In connec-
usa with the carrying on OF It's business 20
soudBet A general merchandise business In
connection with said business, and generally
IA mage In any business incident to or con-
y,uienfly necessary to or connected with the
operstion Of the business above mentioned.
ARTICLE III.
nv 10 act. the viee-president, or in case OF
n absence or inability, the secretary, shall
y ina proper person upon whom all citations
o. Legal process shall be served.
ARTICLE ".
rhs rauitaI stock Of this corporation Is
hsrssp fred at the sum of two hundred and
tsy thousapd dollars $3.50, 100000, divided
i.fo twenty-five hundred (2,5OOl shares OF
he oar value OF one hundred (s1OO.OOl dol
hs each Said shares of stock shall be
- - -. .
4 required BY the board of directors. and
ths stock NAV be issued In payment or pro-
Rrty acquired BY the corporation or In COM
penation for services rendered. This cor
ponfion shall be authorized TO begin Dust
lss a. soon as one hundred thousand doi;
hn $1,000 0000) or more OF the capltal
xcck shall have been subscribed for. ANY
aorkbolder may sell, assign, or transfer his
roek IN this corporation, provided thirty
1907 days prior written notice OF such In
teafion to sell, assign or transfer the same
y nven the company, and the stockholders
n,fsof shall have the first privilege on put,
chasing the same; after which notice the
nd stock may be sold in open market.
pdsr len on all shares OF stock shall be re-
timed BY the company on the stock or any
stakeholder for any Indebtedness secured OF
nscured, however evidenced or created, due
nch stock And all transfers of stock shall
transferred subject to this clause.
ARTICLE v.
All powers Of this corporation shall be
rced 10 a board Of directors composed oil
~ less than three (3) stockholders. They
nAn b, elected on the first Monday of De
onbef In each year, commencing 1912, at q
EaerAl meeting convened for that purpose
m!f ten days previous notice In writing &c
90 sockholder owning stock standing. II
~ ha % ha rfOn
~ until such time the following named
setnolders are hereby named as the first
40 OF directors, and who shall hold thetl
~ and exercise their functions until thell
som are elected, Wiz G. +. Mason, ~
80 and q. N. Pringle, Of whom G. F
all Be vice-presfdent, and f. Wood shall
~eIeoary and treasurer. The same per
nay hold the Offices of secretary ant
9Ier or each Of such Offices may be hell
different person.
ne election Of the board of directors
n0 ~ ballot. and each stockholder shall
z ouued TO one vote either In person Of
xxy for each share OF stock owned b,
nq majority Of the votes cast shall
me board Of directors shall, imme
49, after their election, elect from thei
president. vice-president, sec
and treasurer
ne said board OF directors shall elect ant
4 ~ any and all employees, managers
resns OF the corporation they may deem
Sy Tor the proper conduct OF tn
- md may fix their compensation
nose or dismiss them at pleasure.
ARTICLE vi.
- eharter may be amended or altere'
uockholders at a general meeting
/ vys.s TOT that purpose, after ten days
ssn notice to each stakeholder; or thi
9on may be dissolved with the assen
4 Shifds OF the capital stock represent
- ucn meeting. In case of dissolu
w enairs OF the corporation shall b
4 no nquidated. as rapidly as possible
sss three liquidatOrs, appointed o
~ The stockholders at such meeting
hos,al stock of this corporation may b
& OF diminished in accordance witt
$3.50 OF the state OF Louisiana, on tn
hsfis.l altering the capital stock Of cor
ARTICLE VII.
~ sobscribers hereto have respectivel,
kE VPoSite their signatures hereto, tn
<SS<s o. shares OF the capital stock sub
% BY them respectively, CONSTITUTING
Ne the subscriptions made BY the in
csrs Tor the purpose OF organizin
ARTICLE VIII
/ seockholder shall be liable or respons
u11~ we contracts or faults of this corpc
~ y any further sum than the unpai
~ Sue 70 the corporation on the share
ChAl Inf Err0n