The herald. [volume] (New Orleans, La.) 1905-1953, 1917-02-01
CHAR TER
OF Observation-Disclosures NAVAL
STORES COMPANY.

STORES COMPANY.
United States Of America, State OF Louisiana,
Parish # Orleans, City OF New Orleans.
BE j, known, that in this thi~tieth day OF
the mouth 81 January. IN the year OF our
Lord. one thousand nine hundred and sew.
eutceu and she independence OF the United
State, of America. the one hundred and
furty-iIrs;. before re. W. Morgan Gurley,
a notary public, duly c'nn1l STONED and quail
.ucd IN and Tor the parish OF Orleans. state
II Louisiana. therein residing. and IN the
presence OF the Witnesses hereinafter named
and uuders gncd, personally came and ap-
pcarcd the several persons whose names are
hyrcuutD subscribed, with their respective
residences hereinafter set forth and beng
% full age Of majority, who SeVCTdlly de-
clare. that availing themselves Of the pro
visions OF the laws and constitution OF this
po-ations, they have contracted and agreed,
and do by these presents contract and agree
and bind, and ohlgdte themselves, as well as
| such persons as may hereinafter become asSo-
Clated with them, 10 form and constitute a
| body polite IN law, Tor the objects and pun
| poses and under the agreements and stlpu-
| lations herein following, which they adopt
as their charter, to-wIt:
Article The name OF this corporation
| Shall be "EaStugau-Gariiner Naval Stores
! Company and shall have corporate exist
| enCe for the period of uInety-nlne t9SD years
| from the date hereof, and shall have and
| exercise Tor the purpose OF tut business 70
be carried on by it, all the powers conferred
| by law on similar corporations. including the
| power TO make and use a corporate seal and
\ the same to break or alter at pleasure; to
| contract, sue and be sued IN its corporate
! name; 10 hold, own, receive, purchase, alien
/ ate. lease, convey, mortgage, hypOthccate,
| pledge otherwise enCuTbe- property, both
! real and personal; 70 issue bonds, notes and
| rowing money, and 10 secure same by mort
gage or otherwise. to name and appoint such
| officers. managers. directors agents and other
! employees the interests OF SAID corpora
| ton may require and 10 establish such by
| laws, rules and regulations as may be nee
! cssary and proper, and the same 10 alter,
4 amend or abolish at pleasure, and to gen
| orally do and perform all such acts as may
| be proper and necessary 10 carry out and
execute the purposes Of this corporation.
| Article 1.-THE dpmicile Of this corpora
| ton shall be i'll the city Of New Orleans,
State OF louisiana but il may establish
| wherever II may deem advisable. All clta-
| tions other legal processes shall be served
on the president Of this corporation, or IN
! the event Of his absence or inability to act,
| upon the vice-pres dent.
Article III-Th, objects and purposes for
| which this corporation IS organized and the
| nature of the business TO be carried on by
| il are hereby declared to be: The general tur-
pentine, naval stores and lumber business
in all its various branches, and to that end
to manufacture, purchase and sell turpentlne
pitch, tar, rosn, naval stores and allied
| products: to acquire own, construct and Oper
ate turpentine stills, sawmllls, planning mills
driers and all machinery and appliance:
necessary in connection with the operation
of said business and to manufacture any
products Of wood such sash, doors, blinds
trimmings, boxes, furniture and articles o
! | wood and its various by-produCts. And fur
themore, TO own and operate in connection
with said business, tram-roadS, logging roads
| sailing vessels, steam vessels and other wa
| ter craft necessary for the transportation o
; its material and products and also do
! mercantile business.
Article IV.-The capital stock OF this cor
poration is hereby fixed at the sum OF fft!
2 thousand Hollars ($5ODOOD0), divided int
, five hundred (50O) shares of one hundred dol
l lars $4,000 each, which said stock shall b
T paid for in cash its equivalent in sue
manner and amounts as the board of dreC
5 tors may determine or may be issued at pa
in payment of property actually purchase
e and such stock so issued shall be full pan
o and worcestershire. All in conformity an
= under the restrictions Of the presently exist
e ing corporate laws.
This corporation shall be authorized to con
mence business and be a going concern a
y soon as twenty-five thousand dollars ISIS
q 0O0.O0 of its capital stock is subscribed To-
: which amount is hereby declared to be sui
: | scribed. The shares Of stock shall be trans
o ferable only on the books of the corporatio
d and no transfer of stock shall be binding c
have any effect upon this corporation unles
: | and until made upon its books and a prIo
|, ! lien on all shares OF stock shall be retalne
e by this company on the stock of any share
e holder for any Indebtedness, secured III
y secured, however evidenced created, due
: any time to the company by the holder
t 4 said stock and all transfers of stock sha
tbe made subject to these conditions.
t. The capital stock of this company ma
:. | be increased up to amount of one hundTe
t. and fifty thousand dollars (SlO.O0OOO by
] vote of three fourths 90 of the outstandin
~ bol Ii
s that purpose, in the same manner as provide
u for the meeting to elect directors, until theI
e shall be given to the stockholders thirty Ca
l. DAYS notice prior TO said meeting, and sal
l., capital stock may be reduced to amour
e not less than twenty-five thousand dollar
(S25,OOO00) in the same manner as above pr
vided for the increase of stock.
Article V.-All the corporate powers of tn
corporation shall be vested in and exercise
by a board of six co. directors, who sha
each be a stakeholder in this corpOrato,
four "a of whom shall constitute quoru
for. the transaction of all business ness and and;
majority vote at any meeting shall deciC
all questions voted upon.
Said directors shall be elected annual
l. from the stockholders, on the first Tuesda
W in January in each year, after due notice
said meeting shall have been gwen to ea'
stakeholder, sent by mail to his last know
Of address at least fifteen Q5) days prior to Il
lie holding of said election And all 9th
I'd meetings of stockholders, the stockholde
r scribed at least ten (l0 days prior to 4
es holding of such meeting. All other stoc
n holders meetings, other than to elect dire
tors may be held when ordered by the boa
= of directors or the holders of twenty-five P
- cent ESQ., of the outstanding stock. Il
-, president shall call said meetings and up
&c his inability or failure so to do, same W
~ be called by vice president
I'd At said election, and at all other meetin
4 | of the stockholders, the vote shall be
g, ballot, and each share of stock outstandl
shall be entitled to one ID vote to be ca
"A by the owner in person or by written prox
,e | The majority of stock voted at any stoc
~ holders meeting shall decide all questo
-, 80 voted upon except otherwise provided
r. Within one ~ week from their electi
r. as above provided for, the board of directo
he shall elect from among their members pre-
as ident and two (2) e-presidents; they shi
id also elect a treasurer and a secretary. L
to last two named officers may or may not
nd members of the board of directors and I
nd two Offices may be combined in one pers
y, as the board may determine.
All of the said officers and directors
id above provided for shall hold their respecti
lis Offices for a period of one Q year from I
n date of their election or until their succ'
ng sors are duly elected; except the first boa
TO- herein provided for whose terms Will exp
"a on the first Tuesday of January, l9lS or 7
til their successors have been duly eiect'
id but the failure to hold an annual election
as \ to elect the officers as above provided
shall not result in the dissolution OF Z
Il ATrar