The herald., 1918-01-10
CHARTERS.

unless sooner dissolved in accordance with
law and this charter, it shall exist and con-
tiuue, and shall have and enjoy corporate
existence and succession for period OF
nnety-nine C99) years from and after the
date OF this act. 1t may have, hold, re-
ceive, borrow, loan, exchange, acquire by
grant, gilt or purchase, devise or bequest,
sell, ALLEVIATE. dispose OF, convey, lease,
pledge, pawn, hypothecate, cucumber or mort
gage property of any kind, whether real, per-
soral or mixed, cOrporeal or incOrpoeal NOV
able or immoyable, ali subject to such linn
itatiOns as may be prescribed by law.
Ii may make issue and endorse bonds or
notes and other evidences of debt. Il may
accept mortgages, pledges or other forms OF
security for money loaned other debts.
Ii may contract, sue and be sued, plead or
court Of competent jurisdiction. Il may
make, adopt and use a common seal and
alter the same at pleasure. Il may hold
stock in other corporations, and its capital
stock may be issued for capital stock in
other corporations. 1t may name, appoint
and employ such managers, directors, oih-
cers, agents and other employees as its bust
ness and convenience may require, and may
fix their compensation, having due regard to
the nature, character and value OF their
services. 1t may make and establish by
laws, rules and regulations not inconsistent
with this charter or any existing law, hNlng
altering the management OF Its property,
the regulation and government OF its affairs,
and the manner OF the certihcatiOn and
registration of its stock. Ii may wind up
and dissolve itself. or be wound up and
dissolved in the manner prescribed by law.
II may conduct business in this State other
States, the Federal Districts. the Terrific
ries and possessions OF the United States,
and any foreign country. 1t shall have the
power to invest its Board OF Directors with
all OF its corporate powers, subject 70 such
restrictions as may be named IN this char
ter And it generally shall possess all the
powers, rights, privileges and immunities
which corporations are and may hereafter
be authorized 70 possess under the Constitu-
ton and laws of this State, and particularly
under Act No. 267 OF the Acts of the General
Assembly Of the State of Louisiana Tor the
year 1914
ton shall be at the City of New Orleans,
Parish of Orleans, State of Louisiana, and
all citations other legal process shall be
served upon the President Of this corpora
ton, or in case of his absence. upon the
Vice President, or in the absence of both
of these officers, upon the Secretary of this
Article III-The objects and purposes for
which this corporation is formed and the
nature of the business TO be carried on by
it are hereby declared to be:
Section /. To manufacture, produce, adapt,
buy, sell. import export, and generally deal
and trade, either at wholesale or retail, IN
real and personal property of every kind and
description, and particularly turpentine, pine
oil, rosin, rosin oil. compounds. and otner
naval stores and by-products; wood, lumber,
timber, wood pulp, straw board, and other
fibre; any and all kinds of paper and any
and all ingredients, products and compounds
of any of the foregoing substances, and any
and all machinery, materials and articles
that may be now or hereafter used or re-
qured in or in connection with the manu-
facture or handling thereof
Section 2. To acquire, rent, construct;
equip, improve, operate, manage, work and
develop wood ands, wood, timber, trees, fac
tories, plants. shops, mills, camps, stores,
depots, selling agencies, and all necessary
tools, implements and appliances necessary
and proper for the manufacture, production,
disposition and sale of any or all OF said
articles.
Section 3. To apply for, purchase or other
wise acquire and use, operate sen, assign
formulas, patents, licenses, and other rights
in any and all inventions or improvements,
whether secured or not, under letters patent,
domestic or foreign.
Section 4. To survey, subdivide, and plat
| lands for the purpose Of lease or sale, and
| to improve and develop the same by the
erection of houses or buildings thereon and
| TO do such other lawful acts as may be need
| full or desirable in and about the improve
ment and development thereof for any. pur
pose; to plant, grow and cultivate all KIND:
| of fruits, plants and vegetables; to raise
buy, sell and deal in horses, mules, cattle
live stock and poultry OF all kinds, ant
| generally to engage in the business OF ;
| planter.
| Section S. To construct, purchase, leas'
| or otherwise acquire and own, maintain ant
| operate, steamboats,, sailing vessels, barge
| and other water craft, piers, docks, wharve
| and such lines of tramway or railway a
may be convenient, necessary or incidenta
| to any business or enterprise of the corpo
| ration, with all necessary side-tracks, loco
motives, cars, depots, round houses and othe
equipment necessary to the operation OF sai'
vessels, piers, docks, wharves, tramways o
| railways and the traffic thereon; provide
| that this corporation shall not, without a.
| amendment of this charter, be commo
carrier or have the right to exercise tn
power of eminent domain.
Section g. To enter into, make, perforr
and carry out contracts of every kind no
contrary to law, with any person, frm, asso
citation or corporation, and to carry on an
other business which under the law il ma
be entitled to carry on, which may seem t
the corporation TO be calculated. directly o
indirectly, to effect the aforesaid objects o
either of them, to facilitate 1t IN tn
| transaction of its aforesaid business or bus
inesses OF any part thereof, or in the trans
| action of any other lawful business tina
may be calculated, directly or indirectly, {
enhance the value of or to render profitable
| any of the corporations property and right:
| and generally to hold and exercise all sue
| incidental powers and privileges as relat
| forth or as may be necessary, useful or con
venient for effecting said objects and pur
poses.
Article IV.-The authorized capital stool
of this corporation is hereby declared to b.
\ the sum of Two hundred thousand dollar
(S2OO,OOC .O0), which capital stock may be IN
| creased in the manner provided by law, I
the sum of Five hundred thousand dollar
(S5Oo 10000. The presently authorized cap
| ital stock of this corporation shall be rep
resented by two thousand 20OO shares o
the par value of One hundred dollars $4,000
each. The said capital stock shall be rep
| resented by certificates and shall be per
sonal property. No transfer of said capita
stock shall be binding upon this corporation
unless made in accodance with its charte
and bylaws and recorded on the book
thereof.
Article V.-The capital stock of this col
poration shall be fully paid and non assess
| able when issued, and shall be issued onl
for labor done for property actually re
ceived or for cash to be paid at such time
and in such amounts and after such motto
, as may be determined by the Board Of d
rectors, but, whereas, Robson Dunwody {
New Orleans, Louisiana, has invented, di'
, covered or perfected certain new and usef,
improvements in certain processes for disti
lation and handling of crude pine rosin, ee
tain processes for distillation and handlin
rosin, certain processes for the manutactui
of rosin and rosin oil compounds, and &c
tain processes for the recovery of nav
f stores from dross and other distillery vast
{ this corporation, in ayment of the SUI
E scription to one thousand, nine hundred ar
4 ninety eight 1928 shares Of its ca
. ital stock may receive and take title TO q
full and exclusive right to the process
: invented, discovered or perfected by the sa
Dunwody.