The herald. [volume] (New Orleans, La.) 1905-1953, 1918-08-08
CHARTERS.

require, and to suspend or remove same
at the pleasure of said Board and to cS-
tabliSh such bylaws. rules and regulations
as may be necessary and proper, and the
same to alter. amend or abolish mt pleas
ure; and to generally do and perform all
such acts as may be proper and neces-
Sary to carry out and execute the pur-
poses of this corporation.
Article 1.-THE domicile of this corpor-
iatiOn shall be in the City of New Or
leans, State of Louisiana. but it may es-
jtabliSh and operate factories, Offices. and
agencies. whatever il may deem advisable.
All citations and other legal processes
shall be served on the President of this
Corporation, or. in the event of his alb
Sence or inability to act, then upon the
Vice President.
Article III.-Thc objects and purposes
flor which this corporation is organized.
land the nature of the business to be- car
ried on 10y it, are hereby declared to be :
The general turpentine and lumber bust
ness IN all its various branches and to
that end. to manufacture, purchase and
lSelL turpentinc, pitch, tar, rOSin. and nav
ial stores, to acquire. own, construct. and
operate turpentine stills, saw mills. plan
ing mills, dryers, and all machinery and
appliances necessary in connection with
the operation of said business and to
manufacture and sell any products of
wood. such as sash. doors, blinds. trim
mingS, boxes. furniture and other articles
Iof wood, and its various by-prOductS. And
Furthermore to own and operate in cOun,c.
| ton with said business. tram roads log
ging roads, sailing vessels. steam vessels,
and other water craft necessary for the
Transportation of its materials and pro
ducts, and also do a mercantile business.
Article IN.-The capital stock of this
corporation is hereby fixed at fifty thou
sand dollars ($jO,OO0O0l divided into and
represented by five hundred (JOOl shares
of one hundred dollars (SlOOOO) each,
J which said stock shall be paid for in cash.
or may be issued mt par in payments for
| property actually purchased, or services
rN.all -
which said stock shall be full paid and
worcestershire.
This corporation shall be authorized to
commence business and Ice a going con
Iccrn as soon as ten thousand dollars $50
100000 of its capital stock is subscribed
and paid for, as above provided.
The shares of this stock shall be- trans
lferable only on the books of this corpora
ton. and no transfer of stock shall be
binding or have any effect upon this cor
poratiOn. unless. and until made upon its
books. and prior lien on any shares of
stock shall be retained by this company
on the stock Of any shareholder for any
Indebtedness. secured or unsecured, how
lever evidenced or created. due mt any time
to the company by the holder of said
stock, and all transfers of stock shall be
made subject to these conditions.
Article N.-All the corporate powers of
this corporation shall he vested in and
exercised by board of five (5) direct
OrS. who shall each be Il stakeholder in this
corporation. majority of whom shall
constitute a quorum for the transaction
lOf all business, and a majority vote at
any meeting shall decide all questions
voted upon.
Said Directors shall be elected annually
from the stockholders, on the first Tuesday
of April of each year. after due notice
of said meeting shall have been given to
each stakeholder. sent by mail to his last
known address. ten (l0) DAYS prior to the
holding of said election, which said notice
Tor any other notice required by this char
ter may be waived in writing.
At said election and ut all other meet
ings of the stockholders the vote shall be
by ballot, and each share of stock shall
he entitled to one vote to be cast by the
owner in person or by written proxy. The
majority of stock, voted at any stOckhOld-
ers' meeting, shall decide all questions
voted upon, except as otherwise provided.
Within one % week from their election
as above provided for, the Board of hi
rectOrs shall elect from among their mem
beers President and Vice President
| they shall also elect a Secretary -TreaSur-
er, who may or may not be member of
the Board or stakeholder, at the dis
erection of the members of the Board.
All the said officers and directors shall
| hold their respective offices for a period
of one OD year from the date of their
election, or until their successors are duly
IeleCted.
The term of the first Board of Directors
and officers herein named, shall expire on
their successors are duly elected as here
| in provided for, but the failure to hold
an annual election or to elect the officers
as above provided for, shall not result in
the dissolution of this corporation but the
then Board of Directors and Officers shall
hold their respective Offices until their
successors are duly elected.
| Any vacancies occurring on said Board
of Directors, shall be filed by the remain
ing members of said Board for the uneX-
pired term. at a meeting called for that
purpose. after ten (10) days prior notice
| in writing. sent by mail to said directors
at their last known addresses, and if
the said Board fails to elect at said meet
ing then the election shall be made by the
stockholders at special meeting called
for that purpose in the manner herein
provided for the election of Directors.
The said Board Of Directors shall have
the power to make all bylaws, rules. and
regulations for the proper management
and conduct of the affairs of this corpora
ton and to change, alter, amend, or abOl-
ish the same at pleasure and shall have
and exercise all the powers conferred by
law on this corporation, and as set forth
in this charter.
The said Board of Directors may also
delegate any of said powers in the trans
action of the business of this corporation
to committees of their own body, or to
the officers and agents of this corporation.
All the employees of this corporation,
except the offices of President and Vice
President shall be considered as employed
for in writing.
The first Board of Directors of this
corporation is hereby declared to be: W.
Il. Chilean of this city, Il. y. MckOy of
this city, Anthony Wizard, Jr., of this city,
George w. Collier of State of Texas, and
w. Il. Payne of the State of Texas. with
the said W. Il. Chilean as President the
said T.. A. McKOy as VicePresident, and
the said W. +. Payne as Secretary Treas
urer, who shall hold their respective Of
fees until their successors are duly elect
ed and provided for.
1t shall be the duty of the President of
this corporation, or in the event of his
inability to act, then the Vice-President
to call a special meeting of the Board OF
| Directors of the stockholders, on a writ
ten request to that effect signed by two
or more directors, or upon the written re-
quest of ten per cent of the stock issued
| Article VI-This corporation may be
dissolved by vote of three-fOurths of the
capital stock thereof, at a general meet
ling convened for that purpose in the man
meetings held annually for the election OF
Board of Directors, except that in that
event notice in writing shall be sent ia
each stakeholder thirty days prior to said
Injecting at his last known address.
| Whenever this corporation is dissolved
either by limitation or otherwise, its af-
fairs shall be liquidated by three liquid
Iating commissioners to be elected at such
general meeting. and in the case of death
Resignation or inability to act, of any OF
the said commissioners, the surviving com
a successor, and together they shall con-
tinue the liquidation to its termination.
| Article VII.-This charter may be chang
| ed or amended and the capital stock may