The herald., 1917-10-25

Orleans.
| Re !, known. tina, on this twen,y-drs, day
| of the month o: September, N the year q
| our Lord, one thousand nine hundred and
! seventeen, and OF the Independence % the
| United States OF America. the one hundred
| and forty second; before ne, ". Morgan
! GU-ley, a notary public daily commissioned
and qualified IN and for the Parish Of Or
| leans, State OF Louisiana, therein residing.
| and N the presence az the witnesses herein
after named and undersigned.
Personally came and apeared. the seve-al
persons whose names are hereun'o sub
! scrbcd. all residents OF this city and State,
! and bern Of tali age of majority. who sew
! orally declare, that availIng themselves Of
/ he provisions and laws and constitution OF
THIS State, relative 10 the organization OF
| corporations, they have contracted and
agreed, and do by these presents contract,
| agree and bind, and o5ligate themselves. as
| well as such persons as may hereinafter be-
| come associated with them. 10 form and con-
| sutute body polite IN law, FOR the objects
! and purposes and under the agreements and
| stlpulationS 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.
lsience for the period of ninety-nine 90
| wears from the date hereof, and shall have
| and exercise for the purpose Of the business
| TO be carried on by II, all the powers con-
| lclItu OS law on similar corporations,
| Guiding the power TO make and use a cor
| porate seal and the same 10 break or alter
| al pleasure; 10 contract, sue and be sued in
! IT'S corporate name; to hold, own, receive
! purchase, ALLEVIATE, lease, convey, mortgage
| hypothecate, pledge otherwise cucumber
! property, both real and personal; TO issue
| bonds, notes and other obligations. for the
purpose of borrowing money, and to secure
oy 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-
| tabllsh such bylaws, rules and regulations
as may be necessary and proper. and the
| same TO alter, amend or abolish at pleasure
| and generally 10 do and perform all such
| acts as may be necessary and proper to carry
out and execute the purposes of this cor
| poration.
Article 1.-THE domicile of this corpora.
ton shall be in the City OF New Orleans.
| State OF louisiana, but II may establish and
| operate factories, offices and agencies wher.
ever II may deem advisable. All citations OF
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 president.
Article IlI.-The objects and purposes fo
"hich inns corporation is organized and IN,
nature OF the business 10 be carried on b,
II, are hereby declared 10 be: To own, lease
suitcase, buy and sell lands, timber, rosin
! turpentlne, turpentine stills and deal in an,
manufacture all the by-products OF timber
, 10 operate, establish and lease turpentin
stills or anything connected Herewith. 4
, engage IN or conduct a general mercantile
/, business, both wholesale and retail at an,
, point or points desired, and to operate, buy
sell or lease same; to manufacture machin
, cry or any kind of implements; 20 operate
own or lease any kind of manufacturer
8 plant or business, not specially prohibited b
, law; and buy and sell on commission O
otherwise, and conduct general COMM ssio
business; and generally to do and perforr
and Of h,,Sir
the laws Of the State of Louisiana; and al
the rights herein granted may be exercised
and business conducted, at any place O
places that the said company may see 4
. so 10 do, without any restrictions whateve
j as to States and Countries. in conforrnit
: with law
Article Iv.-The capital stock of this CO,
E pofatlon is hereby hxed al the sum of eight
eight hundred Cso0 shares of one hundre
y dollars $4,000 each, which said stock shall
be paid for in cash or its equivalent in sue
manner and amounts as the board of direc
tors may determine or ii may be issued a
: par IN payment of property actually nur
: chased and such stock so issued, shall b
full paid and non-assessable. All in cor
iormity and under the restrictions of IN
presently existing corporate laws.
This corporation shall be authorized {
q commence business and be going concer
as soon as Forty thousand Dollars $4,000 o.
: OF its capital stock is subscribed for an
4 n.
y shares of stock shall be transferred only o
:, | the books of the corporation and no transft
e of stock shall be gindng or have an
;, effect upon this corporation unless and unit
| made uron its books and a prior lien on a
=. | shares of stock shall be retained by tn
| company the stock of any sharehold,
II for any indebtedness, secured or insecure
. however evidenced created due at an
II time to the company by the holder of sal
- stock and all transfers of stock shall I
e made subject TO these conditions
The capital stock of this corporation ma
v be increased up to an amount of two hundr,
:. fifty thousand dollars (s2sOOoooo) by a vo
:, Of three-fourths of the outstanding stock
N meeting Of stockholders called for tn
10 purpose. in the same manner as provided
n the meeting 10 elect directors. after givir
ar to the stockholders thirty (3O) days mott
=, prior 10 SAID meeting, and said capital sto
,e may be reduced 10 an amount not less tn;
4. twenty-five thousand dollars (s2S,OOO0)
E, the same manner as above provided for &
L. increase Of stock.
n. Article V.-All the corporate powers Of ii
a corporation shall be vested in and exercis
rs by board of eight (S) directors, who sh;
III each be a stockholder in this corporate
RS four az of whom shall constitute a quorl
ce for the transaction of all business and
o. majority vote al any meeting shall deci
IL all questions voted upon.
ct Said directors shall be elected annual
"a, from the stockholders. on the third Tuesd
20 Of January, in each year, after due notice
ne said meeting shall have beer given 10 ga
no s.ockholder sent by mail 20 his last kno'
Us address at least fifteen GO days prior
Is; the holding Of said election And all oil
Ell meetings OF stockholders. the stockhold
ig must be notified in the manner above
us scribed at least ten (i0) DAYS prior 10
or holding Of such meeting All other sto
On holders meetings. other than 10 elect dir
tors NAV be held when ordered by the DO;
,se Of directors or the holders of twenty-five
RAJ cent. of the outstanding stock The pre-
~; dent shall call said meeting and upon
OF inability or failure 70 do so, same will
II called by a vice-president.
,s At said election, and at all other meetir
a. Of the stockholders the vote shall be
~ ballot, and each share Of stock outstand
a. shall be entitled 70 one IN vote 20 be c
IA BY the owner in person or BY written pro
Al; The majority Of stock voted al any sto
-, holders meeting shall decide all questi'
co. voted upon except otherwise provided
| Within one ID week from their elect
nee as above provided for, the board OF direct
-ed shall elect from among their numbers,
in president and two (2) vice presidents
said board shall also elect a treasurer
secretary, the last two ~ named ONO
res nav or NAV not be members OF the board
OK directors and the two Offices may be G.
'e' bined in one person as the board may
-, termine.
x All of the said officers and directors
~ | above provided for shall hold their resp
~, | i've Offices for a period Of one year from
10, date of their election or until their sue
re sors are duly elected; except the FIRST be
~ herein provided for whose terms will exl
nod on the third Tuesday of January, 1913,
ing until their successors have been duly cleo