The herald., 1913-02-06
CHARTER,

OF BOGALUSA TURPENTINE COMPANY.
UNITED STATES OF AMERICA, STATE
OF LOUISIANA, PARISH OF ORLEANS.
Be it known, that on this third day of
January in the year of our Lord, one thou
sand nine hundred and thirteen, before me,
William Morgan Harmon, notary public
parish of orleans, state of Louisiana, and
in the presence of the undersigned wit
nesses, 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 severally declared that
avaiing 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 sttpulations
following, to-wit:
ARTICLE l.
The name and title Of this corporation
shall be Bogalusa Turpentine Company, and
its domicile shall be 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 III.
The objects and purposes for which this
corporation is established and the nature OF
the business to be carried on by IL are TO
produce, manufacture, buy and sell turpen-
tine, rosin, naval stores, and wood derlva-
tives 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
such business or apart from II, to buy sell,
and barge lines or other vessels, In connec-
tion with the carrying on OF It's business,
TO conduct general merchandise business
ir connection with said business, and gener-
business Incident
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-presdent, 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 (S1000O00), divided into one hundred
(100) shares of the par value of one hun
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
the corporation or In compensa tion for ser.
vices rendered. This corporation shall be
authorized to begin business as soon as one
thousand dollars (S1,000.00) or more, OF
the capital stock shall have been subscribed
for. Any stockholder may sell, assign or
transfer his stock in this corporation, pro-
vided thirty (30) days prior written notice
Of such intention to sell, assign or transfer
stockholders thereof sAall 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 shareholder for any In.
debtedness secured or unsecured, however
evidenced or created, due at any time to