The herald. [volume] (New Orleans, La.) 1905-1953, 1918-07-11
CHARTERS.


as the Interest of said corporation may
require. and TO suspend or remove same
at the pleasure of said Board, and to es-
ltablish su.h bylaws rules and regulations
as may be necessary and proper, and the
same to alter, amend or abolish at pleas
ure, and to generally do and perform all
lSrch 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 it may eS-
itablish and operate factories, offices, and
lagencieS. whatever it may deem advisa bic.
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 UI.-The objects and purposes
flor which this corporation is organized,
land the nature of the business to be car
Tried on by it, are hereby declared to be- .
The general turpentine and lumber bust
ness in all its various branches. and 10
lthat end, to manufacture, purchase and
lsell. turpentine, pitch, tar, rOsin, and nav
lai stores, to acquire, own, construct, and
joperate turpentine stills. mills, plan
ling 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
lOf wood. and its various by products. And
Furthermore TO own and operate in cOnnec-
tiOn with said business. tram roads. log
ging roads. sailing vessels. steam vessels,
transportation of its materials and pro
ducts, and also do n mercantile business.
Article IY.-The capital stock of this
corporation is hereby fixed at fifty thou
represented by five hundred C50W shares
of one hundred dollars (S1O0.0O) each,
! which said stock shall be paid for in cash.
or may he issued Mt par in payments for
lnTnnnFfN nfr re as n1 snG
Iactually rendered to this corporation,
(which said stock shall be full paid and
non -aSSeSSable.
This corporation shall be authorized TO
cern as soon as ten thousand dollars $50
100000 of its capital stock is subscribed
and paid for, above provided.
The shares of this stock shall be trans
ferable only on the books of this corpora
ton. and no transfer of stock shall he
binding or have any effect upon this cor
lpOratiOn, unless. and until made upon its
books; and a prior lien on any shares of
stock shall he retained by this company
on the stock of any shareholder for any
Indebtedness, secured or unsecured. how
lever 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 N.--Al the corporate powers of
this corporation shall be vested in and
Exercised by board of five 90 direct
! OrS. VINO snail eslcn ne q StOt khDlGer III tll~
corporation. Il majority of whom shall
constitute Il quorum for the transaction
of all business. and majority vote ~
lany 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 Ia
leach stakeholder. sent by mail to his last
known address. ten 1OJ 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 at all other meet.
! lingS of the stockholders the vote shall b,
. lby ballot and each share of stock shall
he entitled to one vote to he east by the
owner in person or by written proxy. The
lima jority of stock. voted at any StOckhOld
ers' meeting, shall decide all question,
1 voted upon, except as otherwise provided
4 Within one ID week from their election
/ as above provided for, the Board of hi
reCtOrS shall elect from among their mem
/, lberS n President and Nice-PreSident
y they shall also elect a Secretary Urea sur
4 Ter. who may or may not be member o
!, 1.-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 perio
a of one ~ year from the date of thei
ELECTION, or until their successors are dul
detected.
+ The term of the first Board of Director
: and officers herein named, shall expire o
e their successors are duly elected as here
u in provided for, but the failure to hol
< Ian annual election or to elect the Officers
I las above provided for. shall not result j
the dissolution of this corporation. but IN
I, then Board of Directors and Officers sha
d hold their respective offices until thei
IS successors are duly elected.
q Any vacancies occurring on said Boar
4 of Directors. shall he filled by the remain
d ing members of said Board for the uneN
10 pired term, at meeting called for tina
$, purpose, after ten QO) days prior motto
lin writing. sent by mail to said director
is at their last known addresses. and
i the said Board fails to elect mt said meet
SS ing then the election shall be made by til
r stockholders at special meeting calle
n for that purpose in the manner herei
n provided for the election of Directors.
:. The said Board of Directors shall bay
h the power to make all bylaws, rules, an
regulations for the proper manageme1
10 and conduct of the affairs of this corpora
n ton and to change alter amend; or abo
! ish the same ut pleasure and shall haN
!, and exercise all the powers conferred h
law on this corporation, and as set fort
10 in this charter.
= The said Board of Directors may ais
n delegate any of said powers in the tram
A. faction of the business of this corporatiO
= to committees of their own body. or I
a 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 employe
n by the month unless otherwise contracte
- for in writing.
x The first Board of Directors of tn
corporation is hereby declared to be:
a. b. Chilean of this city, Z. \. McKoy
IL this city. Anthony Wizard, Jr., of this cit
r George w. Collier of State of Texas, an
IL W. +. Payne of the State of Texas. wit
6 the said W. Il. Chilean as President, Il
u said f. ~ McKoy as Vice President. an
TO the said W. Il. Payne as Secretary Urea
IN urer. who shall hold their respective o
rs fees until their successors are duly cleo
ed and provided for.
H. IL shall he the duty of the President
of this corporation, or in the event OF
e inability to act. then the Nice-PresideI
of to call a special meeting of the Board
r, Directors of the stockholders, on wri
sc ten request to that effect signed by "
RS or more directors, or upon the written 7
quest of ten per cent of the stock issue
Article VI.-This corporation may
ldissolyed by vote of threefourths of I
F. lcapital stock thereof, at a general NEE
liner above provided, for the calling of [
meetings held annually for the election
zee Board of Directors, except that in tn
h., Ieyent a notice in writing shall be sent
ii. leach stakeholder thirty days prior to sd
-ss Injecting at his last known address.
ok W heneVer tnIs corPora. .s "a uii ~
fairs shall be liquidated by three liqui
lating commissioners to be elected at su
general meeting, and in the case OF dea
Resignation or inability to act, OF any
the said commissioners, the surviving co
missioner or commissioners shall appo
"a successor. and together they shall &C
ltinup the liouidatiOn to its term nation