The herald. [volume] (New Orleans, La.) 1905-1953, 1918-05-09
CHARTER

matter set forth and expressed, which they
adopt as the Charter of this corporation.
tO-wit:
Article 1.-The name and style of this
corporation shall be "Wiergate Naval
stores 60. Inc" and under its said cor
pOrate name it shall have and enjoy cor
pOrate existence and succession Tor the
full term and period Of ninety nine 800
years from and after the date hereof; 10
contract. sue and be sued, TO make and
use a corporate seal and the same 70 al
ter and break at pleasure; 70 hold. re-
ceiye. lease, purchase and convey, a. well
as mortgage and hypOtheCate property,
real. personal and mixed. corporal and
incOrpOreal: 10 own and hold stocks and
bonds of other corporations, 20 name and
appoint such managers, agents, directors
aud officers as its business or convent
euce may require. and 10 make and e>tab-
lish. as well as alter and amend from
time to time. such bylaws, rules and reg
ulatiOns for the proper government Of the
affairs Of said corporation as may be nee
eSsdry and proper.
Article 1.-THE dOmirila Of said COrpOr-
alton shall be in the city Of New Orleans.
state Of Louisiana. and all citations and
other legal processes shall he served upon
the President. or in the event Of his a0-
~eucp or inability 70 act. then they snail
be served upOn the Vice Presitent. who i
acting President. of said corporation, and
in the event Of his absence or inability 70
act, then upon the Secretary Treasurer.
Article III.-The objects and purposes
for which this corporation Is organized
and the nature OF the business 70 be car
rIed on b. iC. are hereby declared % BE-
% own. possess lease sell operate and
work mines Of any and all kinds. ami %
own, lease. suitcase. buy and sell lands,
timber. rUrpenJin-. turpentine stills. saw
mills. planning mills. etc: and all the by
products Of timber. TO operate, establish
and lease tGTpeutiue stills or anything
connected Herewith. 10 own. build. Oper-
ate and lease railroads, tram-wayS steam
vessels, sailing vessels. or any nature or
WarerCraft that may be necessary IN con
nectiOn with its business and 70 operate,
sell or lease same. to engage in or con-
duet Il general mercantile business. both
wholesale and retail NJ any point or
points desired. and to operate. buy. sell or
lease same. 10 manufacture machinery or
any kind Of implements. 70 conduct. buy.
sell lease or deal in agricultural proper
ty- 70 engage in the raising of live stock.
or 20 deal IN same; and 10 operate, own
or lease any kind of manufacturing plant
or business, not specially prohibited by
law. 10 act a. Agent or Attornry-In- fact
for individuals or corporations. and a
such 20 conduct any kind Of business for
persons or corporations. and buy and sell
on commission or otherwise. and conduct
general commission business. and gen
orally TO do and perform any and all acts
or business not contrary 20 the laws Of
the state of Louisiana and all the rights
herein granted may be exercised, and bus
mess conducted. at any place or places
that the said company may see nj so 70
DO, without any restrictions whatever as
TO States or Countries.
Article Iv.-The capital stock OF this
corporation is hereby fixed ~ the sum Of
$3.50 10000 divided into 300 shares OF
$4,000 each. which said stock shall be
paid for in cash or its equivalent. at such
time and in such manner As the Board Of
Directors may determine. or may be is
sued At par in payment Of property actu-
ally purchased and such stock 50 issued
shall be full paid and worcestershire. All
in conformity with and under the rrsSric-
tiOuS Of the presently existing corporate
laws of Louisiana.
This corporation shall be authorized to
commence business and be going con
Germ a. soon As all Of its capital stock is
subscribed and paid for.
The shares Of stock shall be transfer
able only on the books of the corporation
and no transfer Of stock shall be binding
or have any effect on this corporation, IN
less and until made upon its books.
The capital stock Of this corporation
may be increa sed to an amount Of 500
10000 by vote of twO-thirds Of all of the
outstanding stock at a meeting Of the
stockholders called for that purpose in the
same manner as provided for the meeting
TO elect Directors.
Article E-Al of the corporate powers
Of said corporation shall be vested in and
exercised by a Board Of Directors com
posed Of not less than three nor more than
i've stockholders. Said Directors shall be
elected annually on the third Monday in
January in each year at general stock
holders meeting except the first Board.
appointed in this Charter, who shall hold
their Offices until. the third Monday in
January. 1919.
All such elections shall be held by bal
lot and conducted at the Office of the cor
p0ration. Notice Of such meeting and OF
all other stockholders meetings shall be
given in the manner prescribed by law,
and when not so prescribed, then written
notice of such meetings shall be deposit
ed, at least fifteen (1jl days prior TO the
date Of such meeting. in the post Office
OF the CITY Of New Orleans addressed TO
each stakeholder at his last known resi-
dencs or place OF business.
At all such elections and at all cOrpOr-
ate meetings every stakeholder shall be
entitled 20 one % vote for each share Of
stock standing in his name on the books
OF the corporation. TO be east by him in
person or by his written proxy, and a ma
jOrity of the votes east shall elect.
Any vacancy occurring among the di-
reCtOrs by death. resignation or otherwise,
shall be- filed by election for the uneX-
pired term by the remaining directors.
\ failure 10 elect directors on the day
above specified shall not dissolve the cor
pOration nor impair its corporate exist
ence or management, but the directors
then in office shall remain in Office until
their successors are excited and qualified.
The Board of Directors shall elect a
President, and one or more. not 70 exceed
four Vice-Presidents, and a Secretary
Trea surer. The President and Vice Pres
of the Corporation. but the Secretary
Treasurer may or may not be a Director
or stakeholder, at the discretion of the
Board of Directors. The number Of Di-
rectOrs shall be determined by the stock
holders at each annual meeting. and the
number Of Vice Presidents shall be deter
mined each year by the Board of Direct
OrS.
The Board of Directors shall have pow
er and authority to appoint such agents,
managers. officers and other employees
necessary in their Judgment 10 conduct
the business of the Corporation. and TO
give TO such agents. managers, officers
and other employers such authority as
they may deem necessary for the pur-
poses and business Of the Corporation.
The Board shall have the power 10 nix
the cOmpensatiOns and define the duties
Of every officer and employee and all
agents, managers. officers and other en-
plOyees shall hold Office and employment
At the pleasure OF said Board.
The Board may make and establish. as
well as alter and amend any and all by
laws, rules and regulations necessary and
proper in its judgment for the conduct,
support and management of the business
and affairs of said corporation. At all
meetings Of the Board Of Directors each
director shah have the right 10 appoint a
proxy to act in his place and stead. the
person so appointed need not be Il Direct |
or but must be "A StockhOlder