The herald. [volume] (New Orleans, La.) 1905-1953, 1917-10-18
CHARTER
OF NAVAL STORES EQUIPMENT COM
PANl, INCORPORATED.

NhAN Elk
Tor NAVAL STORES EQUIPMENT COM
PANl. INCORPORATED
United States Of Amc-rca. State Of T,g;.,-
1Ha' Parish %; Orleans, Cty oi New
! BE u known, that on thi, t.yer,y---.. d,,.
oi the month Of Scp.rn5c-. in the YEA ~.
| 'ur Lord, one thousand nine hundred ,rI
! seventeen, and 81 the Independence OF The
! ",,,tl States o. America, the one hundred
| and i'rty-Sccoud; before NE. " Nn-c7r
| ana qua-lned IN and Tor the Parish Of o.
| .Sa,'' STATE "i Louisiana. therein residing
| I' III me presence 81 the witnesses herein
after named and unders gncd.
Personally, came and apcared: the several
! persons whose names are hereun,o sub.
| >criped. all residents of this city and SIT
| ana DEN o. full age Of majority. who sew,
! era"y declare, tina; availing themselves Of
- Fr'E.>lpaH and laws and constitution al
| 'A'S state, relative 70 the organizatio, ~
corporations, they have contracted a,J
agreed, and do by these presents c5r.r',-.'
| agree and bind. and obligate Themselves a,
W. a. >nCh persons as may hereinafter be
| come ASSOCIATED with them 70 form ,r1 CO.,
! su,ute body polite in law, for the oIier,s
| ana purposes and under the agreements "a
SiIipulatlons herein following which ,5rv
ADOPT as their charter, to-wit:
Article The name OF this corporation
4
| lncoTpoTated.' and shall have corporate cy'
| iS'ehce Tor the period OF ninety-uiue 30,
| years from the date hereof. and shall bav-
ana exercise Tor the purpose Of the bushes,
| 20 pe earned on by It, all the powers con.
| Tered by law on similar corpo-a,iors -,
| N'dulhs me power 10 make and Use c,r
| poraic seal and the same 10 break ~ .i,s-
| d pressure; to contract, and be sued in
! ~ corporate name; 20 hold, own receive
| purchase, ALLEVIATE, lease convey -,o-tg,c.
! HSpo'htcdte, pledge or otherwise encr-nbe-
| property both real and personal: ia issrc
/ ''''us' notes and other obligations for the
INV r,or.+,,, n''lo"inE money, and to secure
| DS mortgage or otherwise, to name and
| "PPolht such officers, managers directors
dsen'> ana other employees as the interes,
! aiu corporation may require. and to es-
| ."o'lsh such bylaws, rules and regulations
| d may be necessary and proper, and the
same to alter. amend, or abolish az pleaspre.
ana generally to do and perform All such
ae.N d may be necessary and proper to carry
| po-atIOn. ans N"'
Article 1.-THE domicile Of this c,-,o-,
| ron snail! be IN the City OF New Orleans
| stare OF louisiana, but 1t may establish and
operate factories, Offices and agencies wber.
eve II may deem advisable All r,tat;ons -
other legal processes shall be se-ved ar 81 ~.
president OF tins corporation. or in the evert
Oh ms absence or inability 10 act, upon the
| vIce-pres Ident. f' ''e
;AricIe lll.-The objects and purposes for
! N''Oh tll> corporation Organized nd 10
| nature OF the business TO be carried n, a.,
| H. are hereby declared TO be. To own Ir,se
| .dp'ItdSe' buy and sell lands, timber rosin
| 'u'PenUne. turpentIne stills and deal in and
.uanulao'nre all the by-products OF timber:
| 10 operate, establish and lease tIrpept,n ne
suns or anything connected therewitb. N
| engage IN or conduct a general mercantile
business Doth wholesale and retail At anv
Plin' OF points desired, and to operate, buy.
sell or lease same; 10 manufacture rnacbi1.
cry or any kind OF implements: to onerate
| own or lease any kind OF manufacturers
pant or business, not specially prohibited bV
Id~' ana buy and sell on commission or
| otncr"isc, and conduct a general corn-riss;o,
business; and generally 70 do and ne-fo-,,
| any and all acts OF business not contrary "a
the laws OF the State OF Louisiana. and ali
me nights herein granted may be exercised,
ana business conducted, al anv place or
places that the said company NAV see ~
| 80 10 DO, without any restrictions vhatever
as to States and Countries, in conformity
Article IV.-The capital stock of this co-.
poration is hereby fixed at the sum If cigb,y
thousand dollars 100000 divided int1
eight hundred 1900 shares of one hundred
dollars 'Slnml each. which said stock snail
be paid fer in cash or its equivalent in surh
manner and amounts as the board Of dr.r.
} Tors may determine il may be issued al
par IN payment OF property actually pur.
| chased and such stock 50 issued shall be
iull paid and nOn-assessabe All in ron.
! tor'nity and under the restrictions OF IN.
, presently existing corporate laws
) Ih1s corporation shall be authorized q
, commence business and be going conc-rr
as soon as Forty Thousand Dollars $4,000 o.
OF ats capital stock is Subscribed for anC
nifty per cent t5Orr) thereof paid in Tn,
: shares Of stock shall be transferred only Of
The books OF the corporation and no transfc
OF stock shall be ginding or have an,
2 erect upon this corporation unless and unit
made upon its books and prior lien on al
. shares OF stock shall be retained by th
company on the stock OF any shareholde
Tor any Indebtedness, secured or unsecured
however evidenced or created due az an
time 70 the company by the holder Of sal
, stock and all transfers Of stock shall b
made subject 70 these conditions
r The capital stock Of this corporation ma,
: he increased up to an amount Of two hundre
s fifty thousand dollars (S25OOO0 OO by vot
5 Of three -fourths Of the outstanding stock a
meeting of stockholders called for tha
y purpose, in the same manner as provided 70
!, the meeting 10 elect directors. after giyint
|, 10 the stockholders thirty (eO DAYS MOTTO
prior to said meeting. and said capital stool
| may he reduced 70 an amount not less thai
twenty FIVE thousand dollars rs250ODC l.
, the same manner as above provided for tn
increase Of stock.
Article V-AlI the corporate powers Of thi
corporation shall be vested in and exercise,
! by a board Of eight ~ directors who shal
: each be a s:ockho'der in this corporation
: four "a Of whom shall constitute quorum
.
majority vote at any meeting shall decid
4 | all questions voted upon.
E / Said directors shall be elected annual,
from The stockholders, on the third Tuesda,
: Of January, in each year after due notice q
. said meeting shall have been given 20 eacl
4 stockh0der sent Nv mail % his last know
a address az least fifteen G5 DAYS prior :
the holding OF said election. And all othe
a meetings OF stockholders. the stockholder
| must be notified in the maner above de
4 scribed az least ten GO) days prior to N
/. holding OF such meeting All other stock
| holders meetings. other than 70 elect direc
a tors may BE held when ordered BY the boar
| Of directors or the holders Of TWENTY-FIVE %
!. cent. Of the outstanding stock. The pres
;. dent shall call said meeting and upon h
II inability or failure 70 do so, same will
u called by vice presdent.
At said election, and at all other ne.tin:
IS az the stockholders the vote shall be
D. ballot, and each share OF stock outstandir
" shall be entitled 20 one IN vote % be ca
bv the owner in person or BY written prox
e The majority Of stock voted at any stoc