The herald. [volume] (New Orleans, La.) 1905-1953, 1918-04-04
CHARTER
OF THE VERNON PARISH NAVAL
STORES COMPANY. INC.

OF THE VERNON PARISH NAVAL
STORES COMPANY, NC
United States Of America state OF Lou
isiana Parish Of orleans, City OF New
Orleans.
Be it known. that on this ninth day Of
the month OF March, in the year OF our
Lord. one Thousand. Nine Hundred ana
Eighteen and OF the Independence OF the
United States of America, the One Humid
red and Forty Second. Before me Charles
l. penechaud. a Notary Public. duly com
missioned and quaHned. IN ana LOT the
Parish OF Orleans. state of Louisiana:
therein residing. and in the presence OF
the witnesses hereinafter named ana IN
dersigned. Personally came and appeared
the several persons whose names are here
unto subscribed with their respective res
licences hereinafter set forth, and being OF
full age OF majority. who seSerally De-
clare. that aysillng themselves OF the pro-
visions OF the laws and constitution OF
this state, relative to the organization OF
corporations. they have contracted and
agreed. and do by these presents contract
and agree and bind. and obligate them
selves. a. well as such persons as may
hereinafter become associated with them.
10 form and constitute a body polite In
Law. for the objects and purposes ana
under the agreements and stipqlationS
herein following, which they adopt as
their charter. to-wit.
Article The name of this corporation
| shall b.. Vernon Parish Naval stores
Company. Inc" and shall have corporate
existence for the period Of ninety -ning
| tg9I years from the date hereof and shall
have and exercise for the purpose OF the
business TO be carried on by II, all the
| powers conferred by law on similar cor
pOratiOns. including the power to MAKE
and use a corporate seal and the same 20
| break or alter at pleasure. 10 contract,
sue and be sued in its corporate name
TO hold, own. receive, purchase, ALLEVIATE,
| lease. convey, mortgage hypOthecate,
pledge. or otherwise cucumber property
both real and personal; to issue bonds
notes and other obligations, for tie pur'
pose Of borrowing money. and 70 secure
| and appoint such officers, manager di-
| rectors. agents and other employees as
| the interests Of said corporation may Re
/ Quire. and TO establish such bylaws
| rules anr regulations as may be necesssry
| and proper to carry out and execute the
purposes of this corporation.
| Article 1.-THE domicile of this corpor-
| alton shall BE- in the City of Orleans. state
of Louisiana. but it may establish and
| operate factories, offices and agencies
| wherever il may deem advisable. All ctta'
lions or other legal processes shall be
| served on the President of this corpora
| ton. or in the event OF his absence or In
\ ability to act, upon the Yice-President.
/ for which this corporation is organized
| and the nature of the business to be car
| ried on by IL are hereby declared TO De
The general turpentine, naval stores and
branches. and TO that end 10 manufacture
purchase and sell tuTpentine, pitch. tar
| rOSin. naval stores and allied prosucts
/ TO acquire own. construct and operate
turpentine stills. mills, planning mills
driers and all machinery and appliances
necessary in connection with the opera
ton Of said business and TO manufacture
any products of wood such as sash, doors
blinds. trimmings, boxes. furniture anC
articles of wood and its various by-pro
ducts. And Furthermore, to own and op
crate in connection with said business
tram roads. logging roads sailing vessels
steam vessels, and other water craft neces
sary for the transportation Of its mate
rial and products and also do mercantil
business.
Article Iy-The capital stock Of thi
Fifty Thousand Dollars (sJ0Ooo;oo). di
vided into Five Hundred (JOOl shares Q
one Hundred Dollars $4,000 each
which said stock shall be paid for in cash
amounts as the Board Of Directors ma
determine or may be issued at par in pay
ment Of property actually purchased an
such stock so issued shall be full PAL
and under the restrictions of the pres
: emily existing corporate laws.
This corporation shall be authorized {
commence business and be going con
Germ as soon as Twenty-Five Thousan
Dollars ($25. O00OOl Of its capital stock
snhsrribed for. which amount is hereb
/
declared TO be subscribed. The share
of stock shall be transferable only on tn
: books of the corporation and no transfe
IOf stock shall be binding or have any ei
feet upon this corporation unless and IN
| I'll made upon its books and prior lie
on all shares of stock shall be retaine
by this Company on the stock OF an
shareholder for any Indebtedness, secure
= or unsecured. however evidenced or ere
ated. due at any time to the Company b
the holder of said stock and all transfer
of stock shall be made subject to thes
Z conditions.
The capital stock of this Company ma
a be increased up to an amount OF on
! Hundred and Fifty Thousand Dollar
(Sl50.0o0) by a vote Of two-thirds t2-t
Of the outstanding stock at meeting {
stockholders called for that pGrPose' !
meeting to elect Directors, and there sha
E be given to the stockholders thirty 81
days notice prior to said meeting. an
e amount not less than Twenty Five ThoJ
sand Dollars (t23 Ooo.0ol in the same mar
= ner as above provided for the inereas
= of stock.
Article V.-AH the corporate powers {
this corporation shall be vested in an
| tors who shall each be a stakeholder
. this corporation, three 90 Of whom shz
! constitute 4 quorum for the transaction {
all business and majority vote at an
: upon
said Directors shall be elected annual
= from the stockholders. on the first Tue
2 day in January in each year. after dt
; notice OF said meeting shall have bee
: given to each st0ckhOlder. sent by ma
: TO his last known address at least hftes
: ti5l days prior to the holding of sal
| election And all other meetings of stool
: holders. the stockholders must be nOtifs
n in the manner above described at lea
\ ten no. days prior TO the holding of sue
4 meetings All other stockholders NEE
4 ings, other than 10 elect Directors ma
r be held when ordered by the Board
2 Directors or the holders Of twenty ~
: per cent esq of the outstanding stoc
: The President shall call said meetins
and upon his inability or failure so 70 d
i, same will be called by a Vice Presiden
At said election, and at all other NEE
ings Of the stockholders. the vote sha
: be by ballot. and each share of stock on
q standing shall be entitled to one Cd vo
: 10 be cast by the owner in person or
written proxy. The majority of stoC
? | xeSfpd AT any Stockholders meeting Shs