The herald., 1913-03-20
CHARTER
OF MERRYVIILE NAVAL STORES COM
PANY.
1-N-TTr-T .g.NrTs nL' NNfI,pICA ST ATE

UNITED STATES OF AMERICA. STATE |
OF LOUISIANA. PARISH OF ORLEANS, |
CITY OF NEW ORLEANS.
BE IL known that on this 18th day of |
the month of February In the year of our
Lord one thousand nine hundred and thir-
teen, and the Independence of the United
States Of America. the one hundred and
thirty-cighth. before me, W. Morgan Gurley
notary public. duly commissioned and quail
flied in and for the parish of Orleans state
II Louisiana. therein residing, and in the
presence OF the witnesses hereinafter named
and undersigned, personally came and APP
peared the several persons whose names are
hcreuntO subscribed, all being OF full age
of ma iority, and who Severally declare, that
ayailinE themselves Of the provisions Of the
laws and constitution of this state relative
to the organization of corporations, they
have contracted and agreed, and do by these
presents contract and agree and bind, and
Oblgatc themselves, as well as such per
may hereinafter become associated
with them, to form and constitute a body
polite In law, for the objects and purposes
and under the agreements and stipulationS
herein following, which they adopt as their
ARTICLE l.
The name OF this corporation shall be
Morryville Naval stores Company, and shall
have corporate existence for the period Of
ninety-nine (?9) years from the date hereof
and shall have and exercise for the purpose
of the business 20 be carried on by II, all
the powers conferred by law on similar cor.
pOratiOns. including the power to make ana
n
or alter at pleasure. to contract, sue and be
sued in its corporate name; to hold, own
receive. purchase, ALLEVIATE. lease, convey.
mortgage. hypOthcCatc. pledge or uih"rWlS"
cucumber property. both real and personal !:
TO issue bonds, notes and other obligations,
for the purpose Of borrowing money ana 10
secure same by mortgage or Otherwise, Z"
name and appoint such officers, managers,
directors. agents and other employees as the
interests Of said corporation may require.
and to establish such bylaws. rules ana reg
al
and the same to alter. amend or abolish NJ
pleasure and 20 generally do and perform
all such acts as may be proper and urceS-
sary to carry ont and execute the purposes
of this corporation.
ARTICLE H.
The domicile Of this corporation shall be
in the city Of New Orleans, state of LouiSi-
ana. but Il may establish and operate fac
tories Offices and agencies wherever II may
deem advisable. All citations or other legal
processes shall be served on the president ~
This corporation. or In the event Of MS
absence or inability to act, upon the vice
president
The objects and purposes for which TINS
corporation is organized and the nature OF
the business TO bc carried on by II are
hereby declared To be the general turpen-
tine and lumber business In all its various
branches, and to that end To manufacture,
purchase and sell turpentinc, pitch, tar
rOSin. naval stores and allied products; 10
acquire own. construct and 0p"rat" iurpeh
tine stills. sawmills planning mills. drierS
and all machinery and appliances necessary
in connection with the operation Of said
business and To manufacture any products OF
wood such aS SASH doors, blinds. trimmings,
boxes, furniture and articles of wood and
its various by-prOducts. And Furthermore,
TO own and operate in connection with said
business tram-rOadS. logging roads, sailing
vessels steam vessels and other water craft
necessary for the transportation Of its ma
terial and products and also do mercantile
ARTICLE ".
The capital stock OF this corporation Is
hereby fixed at one hundred thousand tSlOO.-
600. OOD dollars, divided into and represented
by one thousand Il .00O) shares Of one hun
dred (S1OO.OO) dollars each. which said
stock shall be paid for In cash, or In such
amounts and In such manner as the board
OF directors may determine, or may be Is
sued at par in payment OF property actually
purchased or services actually rendered 10
this corporation, which said stock shall be
full paid and worcestershire.
This corporation shall be authorized ia
commence business and be a going concern
soon as thirty thousand (S3O.OOO.OOl dol
lars Of its capital stock Is subscribed for
which amount is hereby declared to be sub,
scribed
The shares OF this stock shall be trans
ferable only on the books of this corpora
tion, and no transfer of stock shall he bind
ing or have any effect upon this corporation
unless, and until made upon Its books: and
n prior lien on all shares of stock shall be
retained by this company on the stock of
any shareholder for any Indebtedness Sc
cured or unsecured, however evidenced OF
created, due at any time 10 the company
BY the holder of said stock, and all trans
fers of stock shall be made subject TO these
conditions.
ARTICLE v
All the corporate powers OF this cOrpor
alton shall be vested In and exercised by
Il board OF four directors who shall each be
a stakeholder in this corporation, the ma
jority of whom shall constitute a quorum
for the transaction OF all business, and a
majority vote at any meeting shall decide
all questions voted upon.
Said directors shall be elected annually
from the stockholders, on the first Tuesday
of April in each year, after due notice OF
said meeting shall have been given to eacf
stakeholder, sent by mail TO his last known
address, ten ClO) days prior TO the holding
of said election, which said notice or any
other notice required by this charter, may
be waived in writing
AT said election, and at all other meeting:
of the stockholders the vote shall be by
ballot, and each share of stock shall b.
entitled TO one % vote, to be cast by th'
owner in person or by written proxy. TIT
ma jority OF stock voted at any stockholders
meeting shall decide all questions yoteC
upon, except as otherwise provided.
Within one ID week from their election
as above provided for, the board of director
shall elect from among their members,
president first yce-president and secon'
vice-president they shall also elect secre
tary-treasurer, who may may not be
member of the board or a stakeholder, a
the discretion of the members OF the board
All the said OfncerS ana directors Snal
hold their respective offices for a periO
OF one "a year from the date OF their cleo
tion, or until their successors are dull
elected.
The term Of the first board OF director
and officers herein named, shall expire O
April Z, 1914, or until their SUCCESSORS ar
duly elected herein provided for. Blu
the failure to hold annual election o
to elect the officers, above provided fo
shall not result In the dissolution Of thi
corporation, but the then board OF director
and officers shall hold their respective office
until their Successors are duly elected.
Any vacancies occurring on said board {
directors shall be filled by the remainin
members Of said board for the unexpire
term, at a meeting called for that purpos
after ten days prior notice in writing ser
by mail to said directors at their last know
address and IL the said board falls TO ee,
at said meeting then the election may
made by the stockholders at special NEE
ing called for that purpose in the mann,
herein provided for the election OF director
the power to make all bylaws, rules an
regulations for the proper management an
conduct OF the affairs of this corporation
and 10 change, alter, amend, or abolish Il
same at pleasure, and shall have and exc
else all the powers conferred by law c
this corporation and as set forth In tn
charter.
The said board OF directors may also d.
egate any OF said powers In the transactit
OF the business OF this corporation 10 cor
mittees Of their own body or TO the Office
and agents OF this corporation, and sa
haN ha ri,rhf