St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1913-03-08
ACT OF INCORPORATION
of the. =. ....s
NAVAL STORES WAREHOUSE
COMPANY.
State of Louisiana, Parish Of Or
leans, City Of New Orleans.

State of Louisiana, Parish of Or
leans. City of New Orleans.
BE it known that on this the 28tt
day OF the month of February, II
! the year Of our Lard, 1913. an OF ths
independence Of the United States Of
America the one hundred and thirty
fifth, before me, John ]. Ward, 9
notary public, duly commissioned ant
| qualified in and for the city, parish
and state aforesaid, therein residing
and in the presence Of the witnesses
| hereinafter named and Undersigned
| prsonally came and appeared the sew
| eral persons whose names are here
unto subscribed, who declare, that
availing themselves Of the provisions
Of the laws of this state, relative to
the formation and organization O.
corporations, they have covenanted
and agreed and do by these presents
covenant and agree and bind them
selves as well as those who may here
after become associated with them
| to form themselves into q corporation
| for the objects and purposes, with
the name and under the stipulations
| following, to-wit:
ARTICLE l.
The name and style of this corpor.
alton shall be the NAVAL STORES
WAREHOUSE COMPANY, and b..
said corporate name it shall have
succession and enjoy existence for 9
period Of ninety-n years, unless
sooner dissolved in the manner pro-
vided by the laws and the articles
of this character, and under said cor
porate name. it shall have power ane
authority to contract, sue and Ee
sued, to make and use q corporate
seal the same to alter or break Al
pleasure: to make all necessary rule:
and regulations for its corporate
MANAGEMENT and control, and shall
have and enjoy all the rights anc
privileges and immunities which art
now conferred upon or may hereafter
be granted to corporations ct the
same kind and character.
ARTICLE II.
The domicile of this corporation
shall be in the city Of CovingtOn, State
of Louisiana. and all citations and
Other legal processes shall be served
upon the President, or, In his alb
sence or inability to act, upon any
other officer of the corporation.
ARTICLE III.
The objects and purposes for which
this corporation is organized are here
by declared to be to engage IN and
carry on the business of public ware
housemen in general ond the ware
housing OF naval stores in particular
and for this purpose. to issue ware
house receipts in conformity with thu
laws of Louisiana, both negotiable
and non-negotiable to persons ware
housing goods, and to make reason
able charges therefor, and to make
advances or loans upon the security
Of such goods, or otherwise, to &C
quire and own by purchase, lease. OF
otherwise, buildings, yards and ware
houses, tank and tank-cars; and In
aid of its business, and when neces-
sary Or incidental thereto, may &C
quire, own, lease and operate rail-
roads, spur tracks, bridges, steam
boats and other water craft
ARTICLE ~.
The capital stock of the corporation
shall be twenty thousand (20,OOO.OO)
dollars, divided into two hunder
5000 shares, Of the par value Of one
hundred dollars $1,000 each, said
stock shall be issued, only for cash,
or in payment Of property or ser
vices, actually received by or render
ed to said corporation; this corpora
ton shall commence business and be-
come a going concern as soon as five
thousand ($5, UOO) dollars of the cap
ital stock shall have been subscribed
and paid for, the residue Of said
stock to be issued and payment there
for subject to the action and call Of
the Board of Directors, said stock
shall be fully paid at the time OF Is
suance, and thereafter worcestershire
and the capital stock may be increas-
ed or decreased in the manner pro-
vided by the laws of this state.
The parties to this act have de-
clared that they hereby subscribe for
the number of shares Of said capital
stock set opposite their respective
signatures hereto, SO that this ac4
|of Incorporation shall serve as an
original subscription.
ARTICLE v.
All of the powers Of this corpora
ton shall be vested in and be exer-
cised by Board Of Directors, to bs
elected each year by the stockholders
at the annual meeting. and the first
Board shall consist Of John 7. Weev-
er. who shall be President; H. Binge
who shall be Vice President, and e
l.. Michelet, who shall be Secretary
Treasurer.
On the Saturday next preceding the
second Monday of December, 1913
and annually thereafter, except when
a,,ch dnv<chal1 fall IN legal halliday