The herald. [volume] (New Orleans, La.) 1905-1953, 1917-09-27
CHAR
OF NAVAL STORES EQUIPMENT COM
PANY, INCORPORATED

OF NAVAL STORES EQUIPMENT COM.
! PANY, INCORPORATED.
United State, II Aare-.ca. State %: Loui,i.
ana. Parish %; Orleans, Cry Of New
| O-.ean,
b j; known, that on ,hi, twcn,y-frs, day
q The month u September. IN the year Of
| ou- Lord ore thousand nine hundred and
seventeen. and OF the Independence of the
| United STATES Of America, the one hundred
and :'rty-sec9rl; before me, W. Morgan
Gur.ey, notary public, duly COMM ,lpncd
| and qualified in and fJ- the Parish Of Or
| leans. State OF LouisIana, therein residing
| after named and undersigned,
Personally came and appeared: the several
| persons whose names are hereun.o sub
| Serl5ei, "a. residents OF this city and State
| and hcln % ,ul age Of majority, who sew
4 e-ally declare. thar availlng themselves OF
! tAs state, relative % the organization OF
/ corporations, they have contracted and
! agreed. and do by these presents. contract;
| agree and bind, and o5ligate themselves a.
well as such persons as may hereinafter be
| come associated with them to form and CON
! stltute body polite in law, Tor the objects
| and purposes and under the agreements and
| StipulatIonS herein following which they
! adopt as their charter. to-wit:
| Article 1.-The name OF this corporation
| shall be: Naval Stores Equipment Company
| Incorporated and shall have corporate ex.
| istence fo- the period Of ninety-nine (o9D
| years from the date hereof, and shall have
| and exercise Tor the purpose OF the business
| 70 be carried on by It. all the p0wtrs con
| terred by law on similar corporations, in
Guiding the power TO make and use coz
porate seal and the same to break or alter
al pleasure; TO contract, sue and be sued in
rs corporate name; TO hold, own receive
purchase, ALLEVIATE, lease, convey. mortgage
hyp"'aecaie, pledge OF otherwise cucumber
property, both real and personal: To issue
bonds, notes and other obligations, for the
purpose OF borrowing money, and 10 secure
| by mortgage or otherwise, TO name and
| appoint such officers, managers, directors.
! agents and other employees as the interest
OF SAID corporation may require, and to es-
| taJllSh such bylaws. rules and regulations
| as may he necessary and proper, and the
same 70 alter amend, abolish al pleasure;
and generally TO do and perform all such
| acts a. may be necessary and proper TO carry
pprat:ou
Article 1.-the domicile of this CORPORA
ton shall he in the City OF New Orleans.
state OF Louisiana, but it may establish and
operate factories, Offices and agencies whr--
ever II may deem advisable All citations or
othe- legal processes shall be served on the
president OF this corporation. or in the event
81 ms absence or inability to act, upon the
vice-president.
Article III-The objects an pyrposes f,-
! winch TINS corporation j. org lied and the
nature OF the business to he carried on Ia,
H.. are hereby declared to be: To own, lease.
suitcase, buy and sell lands, timber. rosin.
| turpentIne. turpentine stills and deal in and
manufacture all the by-produc;s Of timber:
| 10 operate, establish and lease turpentine
SINS or anything connected Herewith: t.
| engage IN or conduct general mercantile
| business, both wholesale and retail at any
point or points desired, and to operate, buy
| SCI! or lease same; to manufacture machin-
cry or any kind Of Implements; 10 operate
own or lease any kind OF manufacturing
plant Or business, not specially prohibited BY
law; and buy and sell on commission or
| otherwise, and conduct a general COMM sion
| business; and generally to do and perform
| any and all acts OF business not contrary 70
the laws OF the State Of Louisiana; and all
| the rights herein granten may be exercised
and business conducted. at any place o.
places that the said company may see MT
50 10 do, without any restrictions whatever
a. to States and Countries, in conformity
Article IN.-The capital stock Of this cor
poration Is hereby fixed at the sum OF eighty
thousand dollars (SS0,OOCO divided into
eight hundred $500 shares Of one hundred
dollars (SlOu each, which said stock shall
be paid tor IN cash or lis equivalent in such
manner and amounts she board OF direc-
tors may determine or II may be issued az
par IN payment OF property actually pur-
chased and such stock 50 issued: shall be
full paid and non-assessable. All in con.
formity and under the restrictions of the
presently existing corporate laws.
| This corporation shall be authorized "a
commence business and be going concern
I as soon Forty Thousand Dollars $4,000 ODl
OF its capital stock is subscribed for and
fifty per cent t5OGy thereof paid in The
! shares OF stock shall be transferred only or
the books OF the corporation and no transfer
| OF stock shall be ginding or have any
effect upon this corporation unless and unit
. made upon its books and a prior lien on al
= shares of stock shall be retained by thu,
. company on the stock OF any shareholder
for any Indebtedness secured or unsecured
however evidenced or created due at an,
. | time 10 the company by the holder OF sal,
stock and all transfers of stock shall b,
made subject to these conditions.
| The capital stock OF this corporation ma,
be increased NJ to an amount Of two hundred
htty thousand dollars G25O,OOOO by vot,
Of three-fourths OF the outstanding stock a
| a meeting Of stockholders called for tina
purpose, in the same manner as provided fo
the meeting TO elect directors. after givin.
to the stockholders thirty 800 DAYS motto,
PRIOR 10 SAID meeting, and said capital stool
may be reduced 20 an amount not less thar
twenty-five thousand dollars ts2sODOO) il
= increase Of stock
Article V.-AIl the corporate powers Of thi.
| corporation shall be vested in and exercised
! by a board OF eight 90 directors. who shall
! each be a stockhOder in this corporation
four (4l Of whom shall constitute a quorum
Tor. the transaction OF all business and
, majority vote at any meeting shall decid,
all questions voted upon.
Said directors shall be elected annually
from the stockholders, on the third Tuesda
! Of January, in each year, after due notice o.
. said meeting shall have been given 20 eaci
stockholder sent BY mail 70 his las: know
! address at least fifteen G0 DAYS prior q
the holding Of said election And all o,he
, meetings of stockholders. the s,ockholder'
must he notihed in the naner above de
scribed at least ten GO) DAYS prior 70 IN,
, holding OF such meeting All other stock
/ holders meetings othe- than 70 elect direc
tors may be held when ordered by the boar
. Of directors the holders OF twenty-five pc
cent. of the outstanding stock. The p-esi
: dent shall call said meeting and upon hi
{ inability or failure 70 do so. same will b.
called by a vice-president.
AT said election and az all other meeting
Of the stockholders the vote shall be b,
: ballot. and each share Of stock outstanding
shall be entitled 20 one % vote 70 be cas-
by the owner in person or by writtea proxy
The majority of stock voted at any stock