The herald. [volume] (New Orleans, La.) 1905-1953, 1918-01-03
CHARTERS.


unless sooner dissolved in accordance with
law and this charter, it shall exist and con-
tinuc, and shall have and enjoy corporate
existence and succession Tor period OF
ninety nine (99) years from and after the
date of this act. 1t may have, hold, re-
ceive, borrow, loan, exchange, acquire by
grant, gift 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
sonal or mixed, corporeal or incorpoea, NOV
able or immovable, all subject to such linn
i;ations as may be prescribed by law.
1t may make, issue and endorse bonds or
notes and other evidences of debt. 1t may
accept mortgages, pledges or other forms OF
security for money loaned or other debts
Ii may contract, sue and be sued, plead or
be implicated by its corporate name IN any
court of competent jurisdiction 1t may
make, adopt and use a common seal and
alter the same at pleasure. 1t 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, OH
GERS, agents and other employees as its bust
ness and convenience may require, and may
nix their compensation, having due regard to
the nature, character and value OF their
services. Ii may make and establish by
laws, rules and regulations not inconsistent
with this charter any existing law, hNlng
or altering the management OF its property
the regulation and government OF ITS affairs,
and the manner OF the certihcation and
registration of its stock. 1t 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 to such
restrictions as may be named IN this char
ter. And it generally shall possess all the
-s,l4 lula a,1 l,,tt- ties
which corporations are and may hereafter
be authorized to 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 for the
year 1914
Article 1.-THE domicle of this corpora
ton shall be at the City of New Orleans,
Parish of Orleans, State of louisiana, and
all citations or 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
corporation.
Article III.-The objects and purposes for
which this corporation is formed and the
nature of the business to be carried on by
il 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, rosn 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-
quired in or in connection with the manu-
facture or handling thereof.
Section q To acquire, rent, construct,
equip, improve, operate, manage, work and
develop woodlands, wood, timber, trees, FAC
tories, plants, shops. mills, camps, stores
real estate, buildings, structures, machinery,
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, sell, assign,
transfer and otherwise dispose of, processes,
formulas, patents, licenses, and other rights
in any and all inventions or improvements,
whether secured 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 kinds
of fruits, plants and vegetables; to raise,
buy, sell and deal in horses, mules, cattle,
live stock and poultry of all kinds, and
generally to engage in the business of a
planter.
Section 5. To construct, purchase, lease
or otherwise acquire and own, maintain and
operate, steamboats,, sailing vessels, barges
and other water craft, piers, docks, wharves
and such lines of tramway or railway as
may be convenient, necessary or incidental
to any business or enterprise of the corpo-
ration, with all necessary side-tracks, loco
motives, cars, depots, round houses and other
equipment necessary to the operations of said
vessels, piers, docks, wharves, tramways or
railways and the traffic thereon; provided
that this corporation shall not, without an
amendment of this charter, be a common
carrier or have the right to exercise the
power of eminent domain.
Section 8. To enter into, make, perform
and carry out contracts of every kind not
contrary to law, with any person, firm, asso-
citation or corporation, and to carry on any
other business which under the law it may
be entitled to carry on, which may seem to
the corporation to be calculated, directly or
indirectly, to effect the aforesaid objects or
either of them, or to facilitate it in the
transaction of its aforesaid business or bus
inesses or any part thereof, or in the trans
action OF any other lawful business that
may be calculated, directly or indirectly, to
enhance the value of or to render profitable,
any of the corporations property and rights,
and generally to hold and exercise all such
pOWcIS ana privileges as relate
to the objects and purposes hereinabove set
forth or as may be necessary, useful or con-
venient for effecting said objects and pur-
poses.
Article IV-The authorized capital stock
of this corporation is hereby declared TO be
the sum of Two hundred thousand dollars
($2OO,O0OO), which capital stock may be in
creased in the manner provided by law, TO
the sum of Five hundred thousand dollars
(SSOO,OOOO). The presently authorized cap
ital stock of this corporation shall be rep
resented by two thousand $1,000 shares OF
the par value of One hundred dollars (SlOO.0O)
each. The said capital stock shall be rep
resented by certificates and shall be per-
sonal property. No transfer of said capital
stock shall be binding upon this corporation
unless made in accodance with its charter
and bylaws and recorded on the books
thereof.
Article V.-The capital stock of this cor
poration shall be fully paid and non-assess-
able when issued, and shall be issued only
for labor done or for property actually re-
ceived or for cash to be paid at such times
and in such amounts and after such notice
as may be determined by the Board of Di-
rectors, but, whereas, Robson Dunwody of
New Orleans, Louisiana, has invented, dis
covered or perfected certain new and useful
improvements in certain processes for distil-
lation and handling of crude pine rosin, GER
tain processes for distillation and handling
rosin, certain processes for the manufacture
of rosin and rosin oil compounds, and GER
tain processes for the recovery of naval
stores from dross and other distillery waste.
TINS corporation, IN ayment of the SUBJ
scrption/ to one thousand, nine hundred and
ninety-eight Q998 shares of its cap
itai stock may receive and take title to the