The herald. [volume] (New Orleans, La.) 1905-1953, 1918-07-25
CHARTERS.


Iers, directors, agents, and other employee.
as the interest of said corporation NAV
require, and to suspend or remove sam,
at the pleasure of said Board and to eS.
ltabliSh such bylaws. rules and regulations
las may be necessary and proper, and the
lSame TO alter, amend or abolish at pleas
ure; and to generally do and perform al
such acts as may be proper and ncces,
sary to carry out and execute the pur.
poses of this corporation.
| Article 1.-THE dOmicile of this cOrpor-
Iatlon shall be in the City of New Or
leans, State of Louisiana, but il may es,
itdbliSh and operate factories Offices. and
IagenclcS, 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
srnce: or inability to act, then upon the
Vice President.
Article III.-Thc objects and purposes
FOR which this corporation is organized
land the nature Of the business To be car
RED on by IT. are hereby declared to he
The general turpentine and lumber bust
/ ness in all it, various branches. and 10
| that end. to manufacture. purchase and
| sell turpentinc, pitch, tar. rOSin. and nav
lal 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 10
manufacture and sell any products of
wood. such as sash. doors, blinds trim
imingS, boxes, furniture and other articles
Iof wood. and its various by-prOductS. And
furthermore To own and operate in cOnnct-
/ ton with said business. tram roads log
| ging roads, sailing vessels, steam vessels,
land other water craft necessary for the
TRANSPORTATION of its materials and pro
! ducts. and also do mercantile business.
Article IN.-The capital stock of this
corporation is hereby fixed at fifty thou
sand dollars (Sj0,O00.OOl divided into and
| represented by five hundred (JOOD shares
of one hundred dollars (SIOOOO) each.
(which said stock shall be paid fer in cash.
or may be issued at par in payments for
property actually purchased, or services
ACTUALLY rendered to this corporation.
which said stock shall be full paid and
worcestershire.
This corporation shall be authorized to
commence business and be a going con-
lcern as soon as ten thousand dollars $50
lwOWl of its capital stock is subscribed
and paid for, as above provided.
The shares of this stock shall he trans
ferable 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 a 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
ever evidenced or created, due at any time
to the company by the holder of said
stock, and all transfers of stock shall be
made subject to these conditions.
Article V.--Al the corporate powers of
exercised by a board of five 90 direct
prs, who shall each be a stakeholder in this
corporation, a majority of whom shall
constitute quorum for the transaction
of all business. and 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 O0) days prior to the
holding of said election. which said notice
or any other notice required by this char
ter may he waived in writing.
At said election and at all other meet
ingS of the stockholders the vote shall be
by ballot, and each share of stock shall
be entitled to one vote to be cast by the
owner in person or by written proxy. The
ajority 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 Di-
rectOrs shall elect from among their mem
berS a President and Vice President;
they shall also elect Secretary TreasUr-
er. who may or may not be a member of
the Board or a stakeholder, at the dis
erection of the members of the Board
MI the said officers and directors shall
hold their respective offices for a period
of one (1) year from the date of their
election, or until their successors are duly
elected.
The term of the first ISard of Directors
and officers herein named. shall expire on
the first Tuesday in April. 1908 or until
their successors are duly elected as here
in provided for, but the failure to hold
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 filled by the remain
ing members of said Board for the uneX-
pired term. ut 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,
President shall be considered as employed
by the month unless otherwise contracted
for in writing.
The first Board of Directors of this
corporation is hereby declared to be: W.
Il. Chilean of this city, +. a. McKOy of
this city, Anthony Wizard, Jr., of this city.
George W. Collier of State of Texas, and
W. +. Payne of the State of Texas, with
the said W. Il. Chilean as President, the
said f. 4. McKoy as Vice-President. 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.
IL 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 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
ner above provided, for the calling of the
meetings held annually for the election of
Board of Directors, except that in that
event a notice in writing shall be sent to
each stakeholder thirty days prior to said
meeting at his last known address.
Whenever this corporation is dissolved
either by limitation or otherwise, its af-
fairs shall be liquidated by three liquid
ating 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
missioner or commissioners shall appoint
a successor, and together they shall con-
time the liquidation to its termination.
Article NII.-This charter may be chang
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