The herald. [volume] (New Orleans, La.) 1905-1953, 1918-03-21
CHARTER

CHARTER
OF THE VERNON PARISH NAVAL
STORES COMPANY, INC,
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 and
Eighteen, and of the Independence of the
United States of America, the One Humid
red and rty-Second. Before me Charles
|. Denechaud, Notary Public. duly COM
missiOned and qualified, in and for the
Parish of Orleans, State of Louisiana,
therein residing, and in the presence of
the witnesses hereinafter named and I'M
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 seyerally de-
clare, that availing 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, as well as such persons as may
hereinafter become associated with them,
to form and constitute a body polite in
Law, for the objects and purposes and
herein following, which they adopt as
their charter, to-wit:
Article 1.-The name of this corporation
shall be, vernon Parish Naval Stores
Company, Inc" and shall have corporate
existence for the period of ninety nine
(99D years from the date hereof, and shall
have and exercise for the purpose of the
business to be carried on by it, all the
powers conferred by law on similar cor
pOratiOns, including the power to make
and use a corporate seal and the same to
break or alter at pleasure; to 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 the pur-
pose of borrowing money, and to secure
same by mortgage or otherwise, to name
and appoint such officers, managers, di-
rect0rs, agents and other employees as
the interests of said corporation may re-
quire, and to establish such bylaws,
rules anr regulations as may be necessary
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
wherever 1t may deem advisable. All cita-
tions or other legal processes shall be
served on the President of this corpora
ton, or in the event of his absence or in
Article II.-The object and purposes
for which this corporation is organized
and the nature OF the business to be car
ried on by 1t are hereby declared to be !:
The general turpentine, naval stores and
lumber business in all its various
branches. and to that end to manufacture,
purchase and sell turpentine, pitch; tar,
rosin, naval stores and allied products !;
70 acquire, own, construct ana operate
turpentine stills, saw-mills, planning mills,
driprs and all machinery and aDnliances
necessary IN connection win the opera
ton OF sald business ana 10 manufacture
any prouucts OF wood such as sasn, doors,
blinds, trimmings, Doxes' furniture ana
articles OF WOOD ana lts various Dy,pro-
ducts. Ana furthermore, TO own ana op-
crate IN connection with said business
tram roads, logging ROADS, SAILING vessels,
ssrx " for fbs t h M of IL mats
rial and products and also do n mercantile
business
Artlcle IN:-Ihe capltai STOCK OF TINS
c0rporaIioh Is hereDy nNed at Ine sum OF
FLY InouS S Doiiars ts90o;,VVv;ool, ul
yided into Five hundred t5OOl shares or
One Hundred Dollars ElOOOO) each,
whlch saiu STOCK shall De paid Tor IN cash,
It's equivalent In such manner and
amounts as the board OF directors may
deternlne or may De issued at par IN pay,
ment of property actually purchased and
such stock so issued shall be full paid
and under the restrictions Of the nras,
antiv ayistin~ cornorata laws inc pre'-
~,
rms corporation snail be authorized 10
commence business ana De going con.
Germ as soon as twenty-five Thousand
Dollars Cs2o;OoOOOl or Its capital stock is
subscriped Tor, wnlcn amount Is hereby
declared TO be subscribed. The shares
baorS ~ the cornoration and no transfar
90 stool shall ha bindina or have anx Of
tact nnon This cornoration unless and mn.
in naTe unnn De booSs and a nr;nr Ian
an ali shsres 30 stocr shall he retained
NV this Samnsnv on the s,act &c anv
~. rsho,der To- anv indahte5ness securad
gu rns,c,,rad o' u.svar ey,danceS &C nra-
eted an at .rw tire to tho Comnenv nv
fhe hoidor =, ss,a stook and oil fransfsrs
Of stonI shn,I ho moda snb;act 20 these
conSitSan. sn"ii oe maui 'uo'eo' W '"e'e
.,,
The capital stock OF this Company may
be increased up to an amount of One
Hundred and Fifty Thousand Dollars
lSloo,OoOD by vote of two-thirds C2-3l
or the outstanding stock at meeting OF
stockholders called for that purpose, In
' une 20 ninn. IA as proviaed Ior tne
ha eixen 70 ths stectbSa anu . .ne.e 1an,
Sevs notice nr;or 20 soid lilly sov,
aid capitaI STOCK NAV he radrcad 70 anu anu