The herald. [volume] (New Orleans, La.) 1905-1953, 1913-01-16
CHARTER.
OF BOGALUSA TURPENTINE COMPANY. |
UNITED STATES OF AMERICA, STATE |
OF LOUISIANA. PARISH OF ORLEANS. |

1
William Morgan Harmon, notary public
duly appointed and qualified, in and for the
parish of Orleans, state OF Louisiana, and
| in the presence Of the undersigned wit
ncSseS. personally came and appeared the
several persons whose names are hereunto
subscribed residents of the parish Of Orleans
and of the city of New Orleans, state Of
louisiana who seyerally declared, that.
awaiting themselves of the laws of this state,
in such cases made and provided, they have
formed and organized, and by these pres
entS, do organize themselves into cOrpOr-
alton and body corporate, for the objects
and purposes, and under the StipulatiOnS
following, tO-wt:
ARTICLE l.
The name and title of this corporation
shall be- BOga luSa Turpcntine Company, and
its domicile shall he in the city of New
Orleans. parish of Orleans Louisiana. 1t
shall exist for the term Of ninety nine years
from date 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.
ARTICLE ii.
The objects and purposes for which this
corporation Is established and the nature Of
the business TO be carried on by II are. 10
produce, manufacture. buy and sell turpen-
tine. rOSin, naval stores, and wood deriva-
tivcs and produce of all kinds. to operate
saw mills and to sell the produce and resi-
due or waste thereof or To further use and
manufacture the same, and TO pull Stumps
and clear land, whether in connection with
Sltn DlSlllt>S OF apart from II, 10 nuN, sell.
and lease real estate, to operate tram roads
and barge lines or other vessels. in cOnnec-
ton with the carrying on of its business.
10 conduct general merchandise business
ir connection with said business, and gcner-
ally To engage in any business incident 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 10 act, the vicc-president. or, in case
of his absence or inability. the secretary.
shall be the proper persons upon whom all
citations or legal process shall be served.
ARTICLE ".
The capital stock Of this corporation is
hereby fixed at the sum of ten thousand dol
lars lS1O. 600. UOl divided into one hundred
tlOoD shares of the par value of one hun
dred dollars iSlOO.0OD each. Said shares
OF stock shall be paid for by the subscribers
thereto in cash or as shall be required by
the board Of directors and the stock may be
issued in payment for property acquired by
IN" corporation or in compensation for ser
vices rendered. This corporation shall be
authorized TO begin business as soon as on"
thousand dollars tS1OO0OOl or more. of
the capital stock shall have been subscribed
for. Any stakeholder may sell. assign or
transfer his stock in this corporation. pro
Nlded thirty (3ob days prior written notice
IF such intention TO sell. assign or transfer
IN" 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 bc sold in
open market \ prior lien on all shares of
stock shall be retained by the company on
the stock of any shareholder for any in
dehtedneSS 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 trans
terred subject 10 this clause.
ARTICLE V.
All powers of this corporation shall he
vested in board of directors composed of
not less than three CD stockholders. They
shall be elected on the second Tuesday of
April in each year commencing 1913. at a
general meeting convened for that purpose.
AFTER ten days previous notice in writing 10
each stakeholder owning stock standing in
his name on the books OF the corporation
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 until their
successors are duly elected and qualified
viz " J. Barrels, Edward H. BOehler and
Joseph f. Cresap, Of whom y. j. BarrOis
shall be president, Edward ii. BOehler shall
be vice-preSident and Joseph +. CreSap, sec
rotary and treasurer. The same person NAV
hold the offices of secretary and treasurer or
each of such offices may be held by diff
ferent person.
The election of the board Of directors
shall be by ballot, and each stakeholder
shall be entitled to one vote, either in per-
son or by proxy, for each share of stock
owned by him, and a majority of the votes
cast shall elect. The board of directors
SHALL Immediately, after their election, elect |
from their number president, a vice-presi- |
dent a secretary and a treasu
The said board of directors shall elect |
and employ any and all employees. mana |
gers and clerks of the corporation they NAV |
deem necessary for the proper conduct of its
business, and may fix their compensation
and remove or dismiss them at pleasure
ARTICLE VI.
IhlS charter may be amended or altered /
by the stockholders at a general meeting
fnr hat
written notice TO each stakeholder sent TO |
mis- last known address: or this corporation
may be dissolved with the assent of two
thirds of the capital stock represented at
such meeting. In case of dissolution the |
affairs Of the corporation shall be closed and
liquidated. as rapidly as possible, by two
or three liquidatOrs, appointed or elected by
me stockholders at such meeting. The cap
ltal stock of this corporation may be in
creased or diminished In accordance with the
laws of the state of louisiana on the sub
Iect of altering the capital stock OF corpora
lions.
ARTICLE VII.
The subscribers hereto have respectively
stated opposite their sigma lures hereto the
number OF shares of the capital stock sub
SerlDed 10 by them respectively, constituting
the same the subscriptions made by the
lncOrpOratOrs for the purpose of organizing
this corporation.
ARTICLE VIII.
No stakeholder shall be liable or respon-
poration in any further sum than the unpaid
balance due to the corporation on the shares
owned by him, nor shall any mere infor-
mallty in organization have the effect of
this charter null or of exposing
a stakeholder to liability beyond the amount
Of his unpaid stock, IL any.
Thus done and passed, at nv office in
New orleans, Orleans parish, Louisiana, on
Inc day and year first above written, in the
presence OF j. b. SpOrtono and Milton Sea
well competent witnesses residing in said
parish, who have signed their names to-
Sether with said appearers and me, notary.
after due reading of the whole
original signed: " ]. BarrOis, subscribed
70 90 shares; r. III. BOehler. subscribed TO
p shares; J. f. Cresap. subscribed to o.
shares. "
Witnesses: J. B. SpOrtono. Milton Seaweu
lSigned) W. NJ. HARMON, Not. Pub
L, the undersigned recorder of mort GA pes
m and for the parish of Orleans. state of
louisiana, do hereby certify that the above
1nd FOREGOING act OF incorporation of the
bogalusa Turpentine Company. was this day
July recorded in my Office In book 1858. To-
10 100 ~
New Orleans, January 4, 1913.
tSigned) EMILE LEONARD. DIV. r.
!, the undersigned notary public, in and
,Or the parish Of Orleans. state Of Louisiana.
10 hereby certify that the above and fore
IF the original on file in my office
IN faith whereof, l hereunto set nv Off
'ial signature and the imprint of nv official
1913. a. ~
tsigned) W. NJ. HARMON.
ian ,e 90 % -, 90 -, Notary Public.
AMENDMENT TO CHARTER