The herald., 1918-07-18
CHARTERS.

ers, directors, agents, and other employees
as the interest of said corporation may
require, and to suspend or remove same
at the pleasure of said Board, and to es-
tablish such bylaws. rules and regulations
as may be necessary and proper, and the
same TO alter, amend or abolish at pleas
lure, 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-
alton shall be in the City of New Or
leans, State of Louisiana. but il may es-
itablish and operate factories Offices, and
IagencicS, 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.-The objects and purposes
FOR which this corporation is organized
land the nature of the business TO be car
ried on by it. are hereby declared to he: :
/ the general turpentine and lumber bust
ness in all its various branches, and to
that end. to manufacture. purchase aud
| sell, turpentinc, pitch, tar, TOSin, and nav
| nj stores, to acquire. own, construct. and
Operate turpentine stills, saw mills. plan
ing mills, dryers, and all machinery aud
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
of wood, and its various by-prOducts And
/ furthermore to own and operate in COnnec-
tiOn with said business. tram roads. log
cling roads, sailing vessels, steam vessels,
and other water craft necessary for the
Transportation of fits materials and pro-
ducts, and also do a mercantile business.
| Article IN.-The capital stock of this
sand dollars $3.50 10000 divided into and
represented by five hundred (J0Ol shares
Of one hundred dollars (SlO0.O0) each,
(which said stock shall be paid for in cash,
F..,
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 he going con-
Germ 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
ferable only on the books of this corpora
ItiOn. and no transfer of stock shall he
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
Ito the company by the holder of said
stock, and all transfers of stock shall be
made subject to these conditions.
Article V.-AIl the corporate powers of
this corporation shall be vested in and
exercised by a board of five 20 direct
| orS who shall each be a stakeholder in this
corporation, majority of whom shall
constitute a quorum for the transaction
of 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
| ly,,A. .AI t.rn Iay rin 20 ha
holding of said election, which said notice
or any other notice required by this char
ter may be 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 he cast by the
owner in person or by written proxy. The
majority of stock, voted at any StOckhOld-
lers' 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 President and Nice-PreSident ;
they shall also elect a Secretary -Treasur-
Ter, who may or may not be a member of
the Board or stakeholder, at the dis
lcretiOn of the members of the Board.
| All the said officers and directors shall
hold their respective Offices for a period
of one ~ year from the date of their
ELECTION, or until their successors are duly
detected.
The term of the first Board 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
LAM annual election or to elect the officers,
las 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
i'm nf rl Y
lpired term, at meeting called for that
purpose, after ten (lo) days prior notice
in writing, sent by mail to said directors
lat their last known addresses, and III
the said Board fails to elect at said meet
ling then the election shall be made by the
stockholders at a 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
land conduct of the affairs of this corpora
ton and TO change, alter, amend. or abol-
Iish the same at pleasure and shall have
and exercise all the powers conferred by
law on this corporation, and as set forth
lin this charter.
The said Board of Directors may also
delegate any of said powers in the trans
faction of the business of this corporation
Ito committees of their own body, or TO
1.-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
by the month unless otherwise contracted
for in writing.
The first Board of Directors of this
corporation is hereby declared to be: w
b. Chilean of this city, Il. y. MckOy Of
this city. Anthony Wizard, Jr., of this city,
George w. Collier of State of Texas, and
Nv. r. Payne of the State of Texas, with
1.-THE said W. Il. Chilean as President, the
said 4. A. McKoy as ce-President, and
the said W. Il. Payne as Secretary Treas
urer, who shall hold their respective of
lfces until their successors are duly elect
ed and provided for.
IL shall be the duty of the President o.
this corporation, or in the event of hi:
inability to act, then the Vice-President
Ito call a special meeting of the Board o.
Directors of the stockholders, on writ
Item request to that effect signed by TIVE
or more directors, or upon the written re
Iquest of ten per cent of the stock issued
| Article VI.-This corporation may b.
ldissolved by vote of three-fourths of tn
leapital stock thereof, at a general meet
ner above provided for the calling of tn
meetings held annually for the election o
, Board of Directors, except that in tina
, Ieyent a notice in writing shall be sent {
each stakeholder thirty days prior to SAT-
. Injecting at his last known address.
II Whenever this corporation is dissolve
either by limitation or otherwise, its az
fairs shall be hquidated by three liquid
ating commissioners to be elected at sue
general meeting, and in the case OF death
Resignation or inability to act, OF any o
1.-THE said commissioners, the surviving com
missioner or commissioners shall appoin
"A successor and together they shah con
ltinue the liquidation to its termination.
| Article VII.-This charter may be chang