The herald., 1918-04-11
CHARTER
DE THE VERNON PARISH NAVAL


Mch2S Apl 4-11-1S-25 May
OF THE VERNON PARISH NAVAL
STORES COMPANY, me-
United States of America, State of Lou
isiana, Parish of Orleans, City Of New
Orleans.
Lord, One Thousand, Nine Hundred and
Eighteen, and of the Independence Of the
United States of America, the One Hund-
red and Forty Second. Before me Charles
|. Denechaud, a Notary Public. duly com
missioned and qualified, in and for the
Parish of Orleans, State or 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 mere
unto subscribed with their respective res
licences hereinafter set forth, and being OF
full age of majority, who severaily 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 contractea anu
and agree and bind, and ob1gate them
selves, well as such persons as may
hereinafter become associated with them,
to form and constitute body polite In
Law. for the objects and purposes ana
under the agreements and stipulations
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
(99) years from the date hereof, ana shalI
have and exercise for the purpose OF the
business to be carried on by 1t, all the
powers conferred by law on similar cor
porations, including the power to make
and use a corporate seal and the same 10
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,
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, d.
| rectors 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 1t may establish and
| operate factories, offices and agencies
wherever it may deem advisable All eita-
lions or other legal processes shall be
| served on the President of, this corpora
| ton or in the event of his absence or In
ability to act, upon the Vice-President.
Article III.-The object and purposes
for which this corporation is organized
and the nature of the business to be car
ried on by it are hereby declared to be,
The general turpentine, naval stores ano
lumber business in all Its various
branches, and to that end to manufacture
rosin, naval stores and allied products
to acquire, own, construct and operate
lturpentine stills, saw-mills, planning mills
driers and all machinery and appliances
necessary In connection with the opera
ton of said business and to MANUFACTURE
any products of wood such as sash, doors
blinds, trimmings, boxes. furniture ant
articles of wood and its various by-pro
ducts. And Furthermore. to own and op
crate in connection with said business
tram roads, logging roads, sailing vessels
steam vessels, and other water craIt neces
sary for the transportation of its mate
rial and products and also do mercantile
business.
Article Iv.-The capital stock Of thi
: corporation Is hereby fixed at the sum Q
! Fifty Thousand Dollars l$SOOOOoOD, dl
One Hundred Dollars $4,000 eacf
which said stock shall be paid for in casf
its equivalent in such manner an
determine or may be issued at par in pay
iment Of property actually purchased an
I such stock so issued shall be full pal
. and worcestershire. All In conformit
land under the restrictions OF the pres
: emily existing corporate laws.
This corporation shall be authorized
commence business and be going cor
!. Germ as soon as Twenty-Five Thousan
Dollars ISIS, 100000 of its capital stock
subscribed for, which amount Is hereb
declared to be subscribed. The share
of stock shall be transferable only on II
: books Of the corporation and no transf'
Of stock shall be binding or have any e
feet upon this corporation unless and VI
Itil made upon its books and a prior lie
on all shares of stock shall be retaine
10y this Company on the stock OF an
shareholder for any Indebtedness, secure
= or unsecured, however evidenced or or
ated, due at any time to the Company b
the holder of said stock and all transfer
} of stock shall be made subject to the'
T conditions.
q The capital stock of this Company ms
J; be increased up to an amount Of Oh
q Hundred and Fifty Thousand Dolla
: (Sl5O OOO.) by a vote of two-thirds o.
J. Of the outstanding stock at a meeting
= stockholders called for that purpose a,
, the same manner as provided for u
meeting to elect Directors, and there shs
Ie be given to the stockholders thirty g
a, days notice prior to said meeting. an
d said capital stock may be reduced to
lie amount not less than Twenty-Five Tho
a, sand Dollars (s25.000.00l in the same ma
> ner as above provided for the increa
l. Of stock.
a Article VAN the corporate powers
is this corporation shall be vested in al
,, exercised by a Board Of four az Dire
u tors, who shall each be a stakeholder
~ this corporation, three (3) Of whom shi
y constitute a quorum for the transaction
le all business and a majority vote at al
: meeting shall decide all questions vot
- upon.
=. Said Directors shall be elected annual
n from the stockholders on the first Tue
,e day in January In each year, after d
no notice of said meeting shall have be
O. given to each stockholder. sent by mi
es to his last known address at least fife
n (15) days prior to the holding Of sa
a election. And all other meetings Of stoc
X holders, the stockholders must be Motif
IN In the manner above described at les
hi ten (10) days prior to the holding Of su
al meetings. All other stockholders met
ID ings. other than to elect Directors m
or be held when ordered by the Board
~ Directors or the holders Of twenty-h
p per cent (259d) Of the outstanding stot
a. The President shall call said meetin
and upon his inability or failure so to {
same win be called by a Vice Presidel
At said election, and ut all other me-
ings Of the stockholders, the vote sh
rs be by ballot, and each share Of stock OF
ID standing shall be entitled to one ID W
n to be cast BY the owner In person or
written proxy. The majority Of sto
1e vested at any stockholders meeting sh
OF decide all questions voted upon except
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