The herald., 1917-02-15
CHARTER
OF EASTMAN GARDINER NAVAL
STnDES CnNFDANN


United States of America, State OF Louisiana,
Parish of Orleans. City OF New Orleans.
Be 1t known, that in this thirtieth day OF
the month of January. in the year OF our
Lord, one thousand nine hundred and sew
enteen and the independence of the United
States of America, the one hundred and
forty-hrst, before me, W.. Morgan Gurley.
a notary public, duly commissioned and quail
flied in and for the parish OF Orleans, State
Of Louisiana, therein residing, and in the
presence of the witnesses hereinafter named
and undersigned, personally came and APP
peared the several persons whose names are
hereuntO subscribed, with their respective
residences hereinafter set forth, and being
Of full age of majority, who severally de-
clare, that awaiting themselves OF the pro-
visions of the laws and constitution Of this
state, relative to the organization OF cor
porations, they have contracted and agreed,
and do by these presents contract and agree
and bind, and obligate themselves, well as
such persons as may hereinafter become assO-
ciated with them. 10 form and constitute
body polite in law, for the objects and pur-
poses and under the agreements and stlpu-
lations herein following, which they adopt
as their charter, to-wit:
Article 1.-The name of this corporation
SHALL be "Eastman-Gardiner Naval Stores
Company" and shall have corporate exist
ence for the period of ninety-nine (9o) years
from the date hereof and shall have and
exercise for the purpose of the business to
be carried on by it, all the powers conferred
by law on similar corporations, including the
the same TO break or alter ats pleasure; to
contract sue and be sued in its corporate
name; TO hold, own, receive, purchase, ahen-
ate, lease, convey, mortgage, hypothecate,
pledge or otherwise cucumber property, both
real and personal; 10 issue bonds, notes and
other obligations, for the purpose OF bor-
rowing money, and TO secure same by mort
gage otherwise, to name and appoint such
officers, managers, directors, agents and other
employees the interests Of said corpora
ton may require, and TO establish such by
laws, rules and regulations as may be nee
essary and proper, and the TO alter,
amend abolish at pleasure, and 10 gen
orally do and perform all such acts as may
be proper and necessary TO carry out and
execute the purposes of this corporation.
Article 1.-THE domcile of this corpora
ton shall be in the city of New Orleans
| State Of Louisiana, but It may establish
and operate factories, Offices and agencies
| wherever it may deem advisable. All cita:
| tions other legal processes shall be served
on the president of this corporation, or IN
| the event of his absence or inability 10 act
| upon the vice president.
Article IiI.-The objects and purposes fol-
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 turpentine,
pitch, tar, rosin, naval stores and allied
products; TO acquire own, construct and oper'
ate turpentine stills, Sawmills, planning mills,
drleTS and all machinery ana appliances
| necessary in connection with the operation
of said business and 10 manufacture any
products Of wood such as sash, doors, blinds,
| trimmings, boxes, furniture and articles of
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 of
its material and products and also do a
mercantile business.
Article IV.-The capital stock Of this cor
poration is hereby fixed at the Of fifty
thousand hollars (S50O00DO, divided into
FIVE hundred $500 shares of one hundred dol
lars $1,000 each, which said stock shall be
paid for in cash or its equivalent in such
manner and amounts as the board OF direc-
tors may determine or may be issued at par
IN payment of property actually purchased
and such stock so issued shall be full paid
and worcestershire. All in conformity and
under the restrictions of the presently exist
ing corporate laws
This corporation shall be authorized to COM
mence business and be a going concern as
soon as twenty-five thousand dollars (s25,-
10000 of its capital stock is subscribed for,
which amount is hereby declared 10 be sub
scrfbed. The shares of stock shall be trans
ferable only on the books of the corporation
and no transfer of stock shall be binding or
| have any effect upon this corporation unless