The herald. [volume] (New Orleans, La.) 1905-1953, 1917-10-04
CHARTERS.
AMENDMENT OF CHARTER

AMENDMENT OF CHARTER
OF FARLEY PINE PRODUCTS Co, Inc,
United States If America, State OF Louis.
ana, Parish OF Orleans. Cry OF New Or
leans.
BE If known, that on this the oath day OF
llc month Of August, the year OF ouT Loru
nineteen hundred and seventeen and OF the
Independence oi the United States OF AuleTI-
"a the one hundred and torty-seCond, before
me- Wear r. Milling, 4 MARY Pubic,
duly commissioned and qualified within and
for tne Parish of Orleans, therein residing,
and in the presence OF the witnesses herein
after named and undersigned, personally
came and appeared Messrs. /. J. Farley and
+. \. Staman. residents Of the City OF New
Orleans, State Of Louisiana, OF iulI age,
herein appearing and acting toy and on be-
half OF Farley Pine Products Co., Inc,
tnnw Southern Pine Products Co, lnc.),
Louisiana corporation, drnicilcd IN the CITY
Of New Orleans, organized by act before the
undersigned Notary on the 10th day OF Arpi!,
1917, and pursuant {" resolution passed al
a Stockholders meeting convened on the
End day Of August, l9Tr certified copy
of the minutes OF which meeting - hereto
annexed as part hereof who declared tina; a!
a general meeting OF the stockholders OF eaii
corporation COuNe ncd on the Ind DAY OF
August, 1917, which had been convened Tor
the especial purpose and which was attended
IN person by every stakeholder OF the Com
parry, the following amendments to the CHAR
ter of said corporation were adopted, t1-Nit.
Article / was amended 10 ICdu d LOiiON
Article 1.-The name and title OF this cor
poration shall be Southern Pine Products
Co., Inc" and under and by SAID n2me,
unless soner dissolved III accordance with
law and this charter, It shall exist and CON
time, and shall have and enjoy corporate
existence and succession for 4 period OF nine
t.-nine years from and after the date OF
,hs act. 1t may have, hold, receive, borrow,
loan, exchange. acquire by grant git or Pnr-
chase devise or bequeSt sell, allneate, dis
pose of, convey, lease, pledge, pawn, hypothe-
cate cucumber or mortgage property OF any
kind whether real, personal or mixed, cor
pOreal or lncorpoTeal, movable or inmoV-
able all subject TO such limitations as may
be prescribed by law. Il may make, issue
and endorse bonds notes and other evil
dcnces of debt. II may accept mortgages,
pledges other forms OF security Tor money
loaned or other debts. 1t may contract sue
and be sued plead be implicated by its
corporate name in any court 81 competent
jurisdiction. 1t may make, adopt and use
a common seal and alter the same al
pleasure. II may hold stock III other cor
porations, and its capital stock may be
issued for capital stock III other Corporaaon.
1t may name, appoint and employ Srcl
managers, directors, oMioeTs' agents ana
other employees as its business and con
venence may require. and may fix Their
compensation, having due regard t. the
nature, character and value OF their
services. Il may make aud esiablNh Oy-
laws rules and regulations not inconsistent
with This charter or any existing law, fix
ing or altering the management OF It's prop
erty, the regulation and government Oh It,
affairs, and the manner Of the CSEi'uc-tiOl
and registration OF its stock. l. may wind
up and dissolve itself, I've wound MP and
dissolved in the manner prescribed by law.
II may conduct business in tins State, other
States the Federal Districts, the terrltor'c,
and possessions OF the United States, and
any foreign country. II shall have the
power to invest IL, Board Of Directors with
all vf its corporate powers, subject 10 such
restrictions as may he named II this char-
ter And 1t generally shall possess all the
powers, rights, privileges and immunitics
which corporations are and may hereafter
be authorized to possess under the Constltu-
ton and laws Of this State, and particularly
under Act No. 2U7 OF the Acts OF the Gene
raj Assembly of the State Of Louisiana for
the year 1914"
Article " was amended to read as follows:
Article IV.-Thc authorized capital stock
of this corporation is hereby declared 10 be
the sum of Five Hundred Thousand Dollars
($5OO,OOOOO, which capital stock may be in
creased in the manner provided by law, 10
the sum of One Million Dollars CSl,On,OJOOOl.
The presently authorized capital stock OF
this corporation shall be represented by five
thousand 5000 shares of the par value OF
One Hundred Dollars $4,000 each. The
said capital stock shall be represented by
certificates and shall be personal property,
and shall be fully paid and worcestershire
when issued No transfer OF said capital
stock shall be binding upon this corporation
unless made IN accordance with its charter
and bylaws and recorded the books
thereof.
Article V was amended to read as follows:
Article N.-The capital stock of this cor.
Poration shall be fully paid and non-asSess-
able when issued and shall he paid for in
cash at such times, IN such amount and
after such notice to the subscribers as MAY
be fixed by the Board Of Directors: except
that, whereas, I. J. Farley OF Hattesburg, !
Mississippi, has invented certain new and
useful Improvement IN the process OF extract /
ing roSln, turpentine pine oil and other prod |
ucts from wood for which he has made ap. |
piication for letters patent OF the United |
states this corporation, in payment OF the /
subscription TO two thousand nine hundred 4
aud nlnety-eight Co.'S shares OF It's capital /
stock, may receive and take title 20 the 1
Siun and exclusive right Ia the said inyeu- !
ton as fully set forth and described in the |
speifihcHanons prepared and executed by the /
said l. J. Farley the day OF (
September 1918. aud filed with the United |
States Patent Office al Nashinvton. ID & !
on the 2+th day Of September, 1915. under
the serial No. 1897. preparatory to Obtaining
letters patent Of the United States under
said application, with the understanding thai
the letters patent TO be issued under said
application shall vest the exclusive right of
said invention and said letters patent in
this corporation, which invention and the
rights therein have been appraised bv the
parties hereinafter named a. the first Board
OF Directors OF this corporation as having
q Nd!ue OF dt least lhTce hundred thousand
Dollars ($G0,00OOl And whereas, the said
L. J. Farley has invented certain other
new and useful Improvements in the pro-
cess of extraction, for which he has made
application for letters patent from the Unit
ed States, this corporation, in payment OF
the subscription to two thousand $1,000
shares OF its capital stock, may receive and
take title to.
(a) The full and exclusive right TO the
said invention fully set forth and de-
scribed in the specifications prepared and
executed by the said I. J. Farley on or
about the l+th day OF July, 1917, and filed
with the United States Patent Office at
Washington, ID. G., the l4th day Of July,
1917, under the serial No lSO, 800, prepare.
tory TO obtaining letters patent OF THE Unit
ed States under said application, with the
understanding that the letters patent to be
issued under said application shall vest the
exclusive right Of said invention and said
letters patent in this corporation, and
Oh To all of the said Fairley's right, title |
and interest in and to any additions or i'm /
that he might discover or invent /
pertaining to the processes mentioned in his |
applications for patent in the United States |
Patent Office bearing respectively serial !
Nos 81 3V and $50 M NJ; Z