The herald., 1917-10-11
CHAR TER
OF NAVAL STORES EQUIPMENT COM
PANI, INCORPORATED

OF NAVAL STORES EQUIPMENT COM.
PANl, INCORPORATED.
United States Of America. State Of L5,;,j.
ana Parish Of Orleans, City Of New
Orleans.
BE D; known, that on this tWrn.v.a-s, dav
81 ne month Of Sep:embc- in the wear 81
oar Lord. one thousand nine hundred and
TT.@Yen;ee1. and Of The Independence OF the
| Nn,'ed states OF America, the one hundred
and iorty-second; before NE. W Mo-ya1
| "ur!ey notary public. duly Commissioned
| and qualified IN and for the Parish Of o..
cans STATE Of Louisiana, therein residing.
| ana an the presence Of the wItncsse, I,-e,,.
after named and undersigned.
! Personally came and apeared: the scy.-,r
! persons whose names are hereun,o sub.
seFi'ed' all residents OF this city and STATE
| ana Dem OF full age Of majority, who sew.
| orally declare, that availins ,herselves q
! ne provisions and laws and constitution ~
! inns State, relative 70 the organization al
/ corporations. they have contracted and
agreed and do by these presents, contraC,
| agree and bind, and obligatc themselves az
well as such persons as nav heTeInaftrT b %s
| come associated with them. 10 form and co1
! St;ute I body polite in law, for the ob;ec,s
ana purposes and under the agreements and
| s;lpulationS herein following ,.bicb -
adopt as their charter, to-wit:
Article The name Of this co-no-a,;or
shan be: Naval Stores Equipmen, Comnan,
| Incorporated" and shall have co-po-afe cy'
! lS'ehee Tor the period Of ninety.nine (q9D
se1's from the date hereof, and shall have
and exercise Tor the purpose Of the business
10 be carried on by it. all the ,.oye-s coz.
iefred by law on similar corporations in.
NiAdlng the power 70 make and use A COZ.
Pofa,e seal and the same 10 break or alter
IL pleasure; 70 contract, sue and he sued +,
us corporate name; 10 hold own rece;v.
purchase, Alternate, lease, convey. -oo-tgao.
nypo'hecaie, pledge or otherwise encumbe,
properly both real and personal; to issu,
, oosls, notes and other obligations TO- ~,
purpose OF borrowing money, and 70 secur,
| y mortgage or otherwise. 10 name an,
, appoint such officers. managers directors
agents and other employees as the interes
OF SAID corporation may require and 10 es
ta5lSh such bylaws. rules and rev,latio,
as may be necessary and proper, and m
! same 20 alter, amend, or abolish AZ pl.asure
ana generally to do and perform all sucl
, acts As may be necessary and prope- 70 go,
! out and execute the purposes Of this cor
poration WI
Article 1.-THE domicile OF this co-no-,
Sion shalI be IN the City of New Orleans
S STATE OF louisiana, but il may establish an,
{ operate factories, Offices and agencies whr-
ever II may deem advisable. All citations .
: o'ner regal processes shall ne served on m
president OF this corporation, or in the even
vice president. |T0' al
:. Article III-The objects and npr,os.s f.
nature OF the business 10 be carried on n
H. are hereby declared TO be: To own. lease
suo-lease, buy and sell lands, timber, rosjr
.uIpeH.lne, tuTpentine stills and deal in an
manufacture all the by-products of timber
20 operate, establish and lease turpentin
:, SuIIs or anything connected Herewith ,
L enea2e IN or conduct general mercantil
business ooth wholesale and retail, az an
point or points desired, and 70 operate. buy
n sell or lease same; TO manufacture machi1
cry or any KIND OF implements; 20 op-ra,,
: own or lease any Kind of Manufacture
PAM or business, not specially prohibited b
!aw; and buy and sell on Commission a
othersise, and conduct a general comrjssio
}. business; ana generally 10 do and perfor-
!. any and all acts of business not contrary ,
ne laws OF the State OF Louisiana: and a
me nights herein grantee may be exercise
y and business conducted, a, any olace :
e places that the said company NAV Sc. +
= 20 10 do' without any restrictions whateye
J. as to States and Countries, in conformit
e with Law. 'A'
S, Article 1v.-The capital stock Of this en-
Poration is hereby fixed at the sum Of eight
(. thousand dollars 100000 divided in,
10 eight hundred 900 shares of one hundre
lie collars slnD) each. which said stock sha
V, oe PAID Tor IN cash or its equivalent in sue
" manner and amounts the board OF DIRE
F? Tors may determine or ii may be issued :
le par IN payment of property actually pu
y full paid and non-assessable All in co,
" formlty and under the restrictions OF II
o. presently existing corporate laws.
d This corporation shall be authorized
le commence business and be going concer
d. as soon as Forty thousand Dollars 100000
ne Of its capital stock is subscribed for ar
ne fifty per cent (5Oc;) thereof paid in II
I'd shares OF stock shall be transferred only ,
IT, the books Of the corporation and no transf
al Of stock shall be gnding or have al
he effect upon this corporation unless and un
y. made upon its books and a prior lien on ;
X. shares Of stock shall be retained BY n
he company on the stock of any sharehold
for any Indebtedness, secured or insecure
., however evidenced or created due al al
- time to the company By the holder OF sa
- stock and all transfers Of stock shall
a. made subject % these conditions
: The capital stock OF this corporation m
- he increased up to an amount Of two hundr
~ rfty thousand dollars (s2S0OmcM BY a W
"A 81 th-ee-fourths OF the outstanding stock
~ meeting Of stockholders called for II
purpose. in the same manner as provided
the meeting 70 elect directors after givi
'r- 10 the stockholders thirty (5O) DAYS not
~ prior 70 said meeting, and said capital $50
may be reduced % an amount not less n
~ twenty-five thousand dollars ts25OOU)
d. increase OF stock
nd Article v.-An the corporate powers Of q
of corporation shall b- vested in and exercs
en- by board Of eight 81 directors. who 81
sh each be a s,ockholder in this corpo-a'j,
Dr. four ~ Of whom shall constitute a quo-,
nd for the transaction Of all business and
be majority vote at any meeting shall dec
IN. all questions voted upon.
II. Said directors shall be elected ar-u7
&c | from The stockholders, on the third Tuesi
ON q January, in each wear, after due notice
a | aid meeting shall have been given 20 81
s'ockh1lde- sen: hv mail % his last kno
a address az least fifteen r6 davs prior
the holding Of said election Ard all 81
meetings of stockholders the st0ckh7ld
"a must Re notified in the -na7-- above
IN sc-ihed az least ten (lO davs prior -
holding Of such meeting All o'he- so
nd ho'de-s meetings. other than - elec. dir
to-s nav Ne held when ordered bv ,h~ IN
ed Of directors or the holders of twenty-five
&c. cent. ~ he outstanding stock The Or,
at dent shall call said meeting and upon
of '7ah'litv or failure 70 do so, same will
;. called bv 4 vice president.
=. At said election. and az all other -7--ti
-. rs Of the stockholders the vote shall be
T. ballot. and each share Of stock outstand
O' shall be entitled 20 one IN vote % be
hv the owner in person or bv written pro
re- The majority of stock voted at any ste