The herald. [volume] (New Orleans, La.) 1905-1953, 1917-02-08

l. pcared the several persons whose names ar
hereunto subscribed, with their respective
]. OF full age OF majority, who sevcrally de
:, clare. that avalling themselves OF the pro
visions 81 the laws and constitution OF TIM
Q state, Ic.diiFe 70 the organization OF cor
= ! poratpnS. they have contracted and agreed
and DO by these presents contract and agree
: ana h.nd, ana ohlgate themselves, as well a.
: Such persons as may hE'einaIitI become asSo
cIated with Them, to form and constitute a
- body poHuc IN law, Tor the objects and Pur
! poses and under the agreements and supu
. IaiionS aereIn io!o"lng' "A'ci they adop,
Article The name OF fh'S corporation
. snail be Eastman Gardiner Naval stores
Company. ana Shal! nave corporate exist
cnce tor the period OF ninety nine GOV yeas
from the date hereof, ana ShaIi nave an
, exercise Tor me purpose oil the business q.
Pc earned on by H. all me powers. conferred
by la" on SIMILAR corporations lnc.al."E tat
power 20 maNc ana use i corporate seal aHa
,he same 20 break or alter s., pleasure 10
contract. sue and be sued IN is corp.ra,s
name; 10 hold own, receive, purchase, al'cn.
ale, lease, convey, mortgage, Hyp't1ccate,
pledge or otherwise eucu"@gr property, both
| real and personal; 10 ISSUE bonds, notes and
other Obligations, Tor the purpose OF boy
lrowIng money, and TO secure same by sort
gage or otherwise, 70 name ana app ~ such
officers, managers, directors, agents and other
employees as the Interests OF sand corpora
Ion may require. and 10 establish such by
laws, rules and regulations is may be nee
| essary and proper, and the same % al.cr
! amend or abolish al pleasure, and 90 gen
orally d. and perform all such acts as may
| he proper and necessary 20 carry ou' and
| execute the purposes "t- tins corporation.
{ Article ll.-lhc domic'lc 81 tins corpora
| ti'u snail be III the CITY 90. New Orleans,
| State Of Louisiana, but. }; may establish
and operate factories, oitccN and agencies
wherever Il may deem advisable Al ylta-
! lions or other legal processes shall De served
@H the president OF tins corporation, o. IN
The event OF hrs absence or inability % act, /
upon the vICe-prcSIlcnt.
Article lIl-Ihc objects and purposes 'nr I
which this corporation Is organized and the
nature OF the business To- hc carried ON by F..
Il are hereby declared TO be: The general tIr- !
ncurue, naval stores and luWbcr business F..
.u all It's various branches, and % TIA; c.. .
% manufacture. purchase and sell turqcutiu, .
pitch, tar, Tnslu, naval stores and allied .
products: 10 acquire, own, construct and 0pCr. /
ate tu-pentine stills, Slwml!s, planning mills /
Diners and all machinery and appliance /
necessary in connection with the upcrat.1.
If said business and 90 manufacture any /
products Of wood such sash, doors blinds
trimmings, boxes. furniture and articles c.
wood and its ytr.OuS 5y-prCduc:s And fu-
,hcrrorc. u own and operate IN c1uaect;o-
With SAID business. traT-roads, logging roads
sailing vessels. steam vessels and other Va
ter craft necessary Tor the transportation OF
rs material and products and also do
mercantile business.
Article lN.-Ihc capital stock Of this
Parati'n IS hereby nXcd at the sum Of fifty
thousand lolla~. SIbl0o'M. d'v,'rI ;~.
I'VE hundred $500 shares OF one hundred dol
lar, tSlruOU each, which said stock shall be
PAID i'r IN cash or It's equivalent in such
tors may determine or may be issued al par
m payment Of property actually purchased
md such stock 50 issued shall be full paid
and non-asses'ab.e. All IN conformity and
ing corporate laws.
This corporation shall be authorized TO COM
mence business and be going concern as {
soon as twenty-five thousand dollars (S15.- ]
hrOO) of It's capital stock IS subscribed for
which amount Is hereby declared To- be sub
scr5ed. The shares OF stock shall be trans /
ierable only on the books of the corporation !
and no transfer of stock shall be binding or c
have any effect upon this corporation unless I
and until made upon its books and a prior {
zen on al shares OF stock shall be retained h
by tins company on the stock of any share Il
holder Tor any Indebtedness, secured or un- j
'esuTed' however evidenced or created. due at p
any, time to the company by the holder Of
said stock and all transfers Of stock shall p
DC made subject to these conditions. )
The capital stock Of this company may I o
'e increased up to an amount Of one hundred p
md nifty thousand dollars Gl5O,UOOO by a C
'ote OF three-fourths 90 Of the outstanding a
took at meeting OF stockholders called for q
nat purpose, IN the same manner provided q
or the meeting to elect directors. until there
mall be gwen to the stockholders thirty C5Ol "
lays notice prior to said meeting, and said Il
apitaI stock may be reduced to amount b
iot less than twenty-five thousand dollars q
S25t~UO IN the same manner as above pro- c,
ided Tor the increase Of stock n
Article N.-All the corporate powers of this
shall be vested in and exercised p,
y board OF six (6) directors, who Slall Is
ach be 4 stakeholder in this corporation hi
our t@ OF whom shall constitute quorum HI
Or the transaction OF all business and is
laIority vote at any meeting shall decide Vi
II questions voted upon. d,
SAID directors shall be elected annually 81
rom the stockholders. the first Tuesday at
4 January IN each year, after due notice Of h;
aid meeting shall have been given to each TO
tockhOlder, sent by mail to his last known
fdress at least fifteen OS days prior to the he
gliding Of said election. And all other mt
eetings of stockholders, the stockholders nc
ust be notified in the manner above de- ga
ribbed at least ten Q0) days prior to the Of
)ldlng OF such meeting. All other stock ! tn
1lders' meetings. other than to elect direc- IN
rs may be held when ordered by the board tic
directors or the holders of twenty-five per
mt (2SGo) OF the outstanding stock. The ST
esldent shall call said meetings and upon ST
S inability failure so to do same will 10
called by vice-president. de
Al SAID election, and at all other meetings pa
the stockholders, the vote shall be by no
lllot, and each share of stock outstanding sa
all be entitled to Cd vote to be cast no
the owner in person or by written proxy pu
ne majority of stock voted at any stock ste
tders meeting shall decide all questions
ted upon except as otherwise provided to
Within one ~ week from their election boz
above provided for, the board Of directore pu
all elect from among their members a pres.
ent and two (2) vice-presidents; thew Shall ito