The herald. [volume] (New Orleans, La.) 1905-1953, 1917-12-27
CHARTERS.

kunless sooner dissolved in accordance with
law and this charter, It shall exist and con-
tinue, and shall have and enjoy corporate
| existence and succession for period OF
! ninety nine (99 years from and after the
| date Of this act. 1t may have, hold, re-
| ceive, borrow, loan, exchange, acquire by
grant, gift or purchase, devise or bequest,
/ sell, ALLEVIATE, dispose OF, convey, lease,
pledge, pawn, hypothecate, cucumber or mort
| gage property of any kind, whether real, per-
| sonal or mixed, cOrporeal or incorpleal, NOV
able or immovable, all subject 70 such lin
| itatiOns may be prescribed by law.
| II may make, issue and endorse bonds or
notes and other evidences Of debt. 1t may
accept mortgages, pledges or other forms OF
| security for money loaned or other debts.
| 1t may contract, and be sued, plead or
| be implicated by its corporate name IN any
court of competent jurisdiction. l. may
make, adopt and use a common seal and
| alter the same at pleasure. 1t may hold
| stock IN other corporations, and Its capital
/ stock may be issued for capital stock in
| other corporations. 1t may name, appoint
| and employ such managers, directors, Off
| GERS, agents and other employees its bust
| ness and convenience may require, and may
| fix their compensation, having due regard TO
| the nature, character and value OF their
| services. 1t may make and establish by
| laws, rules and regulations not inconsistent
| with this charter or any existing law, liking
or altering the management Of its property,
| the regulation and government Of is affairs,
| and the manner of the CertihcatiOn and
| registration Of its stock. 1t may wind up
| and dissolve itself, be wound up and
| dissolved in the manner prescribed by law.
| l. may conduct business in this State, other
States, the Federal Districts, the Terrific
! ries and possessions OF the United States,
| and any foreign country. 1t shall have the
| power to invest its Board Of Directors with
| all Of its corporate powers, subject TO such
! restrictions as may be named IN this char
| ter. And it generally shall possess all the
| powers, rights, privileges and immunIties
| which corporations are and may hereafter
| be authorized TO possess under the Constitu-
| ton and laws Of this State, and particularly
| under Act No POI Of the Acts of the General
| Assembly of the State of louisiana for the
! year 1914.
| Article 1.-THE domicile of this corpora
| ton shall be at the City Of New Orleans,
! Parish of Orleans, State of Louisiana, and
| all citations other legal process shall be
served upon the President of this corpora
| ton, or in case of his absence upon the
! Vice President, or in the absence OF both
| Of these officers, upon the Secretary of this
| corporation.
| Article III.-The objects and purposes for
which this corporation is formed and the
nature of the business TO be carried on by
| it are hereby declared TO be:
Section !. To manufacture, produce, adapt,
| buy, sell, import, export, and generally deal
and trade, either at wholesale or retail, in
| real and personal property of every kind and
description, and particularly turpentine, pine
| oil, rosin, rosin oil, compounds, and other
naval stores and by-products; wood, lumber,
| timber wood pulp, straw board, and other
| fibre; any and all kinds of paper and any
| and all ingredients. products and compounds
of any of the foregoing substances, and any
and all machinery, materials and articles
that may be now hereafter used or re-
quired in or in connection with the manu-
facture or handling thereof.
Section 2. To acquire, rent, construct,
develop woodlands, wood. timber, trees, fac
| tories, plants, shops, mills, camps, stores,
depots, selling agencies, and all necessary
| real estate, buildings, structures, machinery
| tools, implements and appliances necessary
and proper for the manufacture, production,
disposition and sale of any or all OF said
articles.
Section 3. To apply for, purchase or other
wise acquire and use, operate, sell, assign,
transfer and otherwise dispose of, processes,
formulas, patents, licenses, and other rights
in any and all inventions or improvements,
whether secured not, under letters patent,
domestic or foreign.
Section 4. To survey, subdivide, and plat
lands for the purpose of lease or sale, and
to improve and develop the same by the
erection of houses or buildings thereon and
to do such other lawful acts as may be need
full or desirable in and about the improve
ment and development thereof for any pur-
pose; TO plant, grow and cultivate all kinds
of fruits, plants and vegetables; to raise,
buy, sell and deal in horses, mules, cattle,
live stock and poultry Of all kinds, and
SCHCidlly " engage III lAlS OuSAHCSS Va q
planter.
Section 5. To construct, purchase, lease
or otherwise acquire and own, maintain and
operate, steamboats,, sailing vessels, barges
and other water craft, piers, docks, wharves
and such lines of tramway or railway as
may be convenient, necessary incidental
to any business or enterprise of the corpo-
ration, with all necessary side-tracks, loco
motives, cars, depots, round houses and other
equipment necessary to the operation of said
vessels, piers, docks, wharves, tramways or
railways and the traffic thereon; provided
that this corporation shall not, without an
amendment of this charter, be a common
carrier have the right to exercise the
power of eminent domain.
Section 6. To enter into, make, perform
and carry out contracts of every kind not
contrary to law, with any person, firm, asso-
citation or corporation, and to carry on any
other business which under the law it may
be entitled to carry on, which may seem TO
the corporation to be calculated, directly or
indirectly, to effect the aforesaid objects or
either of them, or to facilitate it in the
transaction of its aforesaid business or bus
inesses or any part thereof or in the trans
action of any other lawful business that
may be calculated, directly or indirectly to
enhance the value of or TO render profitable,
any OF the corporations property and rights,
and generally to hold and exercise all such
incidental powers and privileges as relate
to the objects and purposes hereinabove set
forth or as may be necessary, useful or con-
Nehltll Ior eHectlng SAID OBJECTS and pur-
poseS
Article IV-The authorized capital stock
Of this corporation is hereby declared to be
the sum of Two hundred thousand dollars
(SAO,OO0OO), which capital stock may be in
creased IN the manner provided by law, to
the sum of Five hundred thousand dollars
(SSOO,OOOOO). The presently authorized cap
ital stock of this corporation shall be rep
resented by two thousand (2,0OO) shares of
the par value of One hundred dollars ($lO00O)
each. The said capital stock shall be rep
resented by certificates and shall be per-
sonal property. No transfer of said capital
stock shall be binding upon this corporation
unless made in accodance with its charter
and bylaws and recorded on the books
thereof.
Article V.-The capital stock of this cor
poration shall be fully paid and non-assess-
able when issued, and shall be issued only
tor labor done or for property actually re-
ceived or for cash to be paid at such times
and IN such amounts and after such notice
as may be determined by the Board of Di-
rectors, but, whereas, Robson Dunwody of
New Orleans, Louisiana, has invented, dis
covered or perfected certain new and useful
improvements in certain processes for distil-
lation and handling of crude pine rosin, GER
tain processes for distillation and handling
rosin, certain processes for the manufacture
OF rosin and rosin oil compounds, and GER
tain processes for the recovery of naval
stores from dross and other distllery waste
this corporation, in ayment of the SUBJ
scription to one thousand, nine hundred and
nnety-eight Q99S) shares of its cap
ltal stock may receive and take title to the
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