The herald., 1918-05-16

CHARTER OF
WIERGATE NAVAL STORES CO., INC.
United States of America, State of Louis
lana. Parish of Orleans, City of New
Orleans.
Be it known, that on the fourth t4th)
day of the month of April, in the year
of our Lord. One Thousand. Nine Hun
dred and Eighteen. and of the Independ-
ence of the United States of America the
One Hundred and Forty-Second, before
me, Charles l. Denechaud, a Notary Pub
lie, duly commissioned and qualified, in
and for the Parish of Orleans, therein re
siding. and in the presence of the witneS-
Ses hereinafter named and undersigned,
personally came and appeared:
The parties whose names are hereto
subscribed, all of full age and residents
of this Parish and City, who declared :
That availing themselves of the laws of
the State of Louisiana in such cases made
and provided, and particularly of the pro-
visions of Act 261 of the Acts of the Cen
eral Assembly of the State Of Louisiana
and agreed and do, by these presents,
covenant and agree and bind themselves,
well as such persons as may hereafter
join or become associated with them, to
body polite in law, for the objects and
under the articles and stipulatiOns here
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 Co. Inc" and under its said cor
pOrate name il shall have and enjoy cor
pOrate existence and succession for the
full term and period of ninety nine (S9)
years from and after the date hereof; to
contract. sue and be sued. to make and
use a corporate seal and the same to al
ter and break at pleasure; to hold, re,
ceiye, lease, purchase and convey, as well
as mortgage and hypothecate property,
real personal and mixed, corporal and
incorporeal: to own and hold stocks and
bonds of other corporations; to name and
appoint such managers, agents. directors
and officers as its business or convent
ence may require, and to make and estab-
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
esSary and proper.
Article 1.-THE domicile of said corpor-
alton shall be in the City of New Orleans,
State of Louisiana, and all citations and
other legal processes shall be served upon
the President, or in the event of his alb
sence or inability to act, then they shall
be served upon the Vice President, who is
acting President, of said corporation, and
in the event of his absence or inability to
act, then upon the Secretary Treasurer.
Article III.-The objects and purposes
for which this corporation is organized
and the nature of the business to be car
to own, possess, lease, sell, operate and
work mines of any and all kinds; and to
own, lease, suitcase, buy and sell lands,
timber, turpentine, turpentine stills, saw
mills, planning mills, etc; and all the by
products of timber; to operate. establish
and lease turpentine stills or anything
connected Herewith; to own, build. oper-
ate and lease railroads. tram-ways, steam
vessels, sailing vessels, or any nature of
watercraft that may be necessary in con-
nection with its business, and to operate,
sell or lease same; to engage in or con-
duct a general mercantile business, both
wholesale and retail, at any point or
points desired, and to operate, buy, sell or
lease same; to manufacture machinery or
any kind of implements; to conduct, buy,
sell, lease or deal in agricultural proper
ty; to engage in the raising of live stock
or to deal in same; and to operate, own
or lease any kind of manufacturing plant
or business, not specially prohibited by
law; to act as Agent or Attorney in fact
for individuals or corporations and as
such to conduct any kind of business for
persons or corporations, and buy and sell
on commission or otherwise. and conduct
a general commission business: and gen
orally to do and perform any and all acts
or business not contrary to 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 fit so to
do, without any restrictions whatever as
to States or Countries.
Article IV.-The capital stock of this
corporation is hereby fixed at the sum of
$3.50, 10000 divided into $500 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 so issued
shall be full paid and non assessable. All
in conformity with and under the resSric-
tiOns of the presently existing corporate
laws of Louisiana.
This corporation shall be authorized to
commence business and be a going con-
Germ as soon as all of it's 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, I'M
less and until made upon its books.
The capital stock of this corporation
may be increased to an amount of $500,
10000 by vote of two-thirds of all of the
outstanding stock at meeting of the
stockholders called for that purpose in the
same manner as provided for the meeting
to elect Directors.
Article V.-All 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 a 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
poration. 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 15) 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-
dence or place of business.
At all such elections and at all corpor-
ate meetings every stakeholder shall be
entitled to one % vote for each share of
stock standing in his name on the books
of the corporation. to be cast by him in
person or by his written proxy, and a ma
jority of the votes cast shall elect.
Any vacancy occurring among the d.
rectOrs by death. resignation or otherwise,
shall be filled by election for the unex-
pired term by the remaining directors.
A failure to 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 elected and qualified.
The Board of Directors shall elect
President. and one or more, not to exceed
four Vice Presidents, and a Secretary
Treasurer. The President and yice-Pres-