The herald. [volume] (New Orleans, La.) 1905-1953, 1919-03-27

Mch. 2S-Apr. 3-May l.
CHARTER OF BLoDGETT NAVAL
STORES COMPANY, INC.
United States OF America, State of Louis
! lana, Parish OF Orleans, City of New Or
leans. Be 1t known, that this Eighteenth
day OF the month OF March in the year OF
| our Lord, One Thousand, Nine Hundred and
| Nineteen, and Of the independence Of the
| United States of America, the One Hundred
and Forty-third. Before me, Charles /.
| Denechaud, Il Notary Public, duly commits
stoned and qualified, in and for the Parish
of Orleans, therein residing, and in the
| presence of the witnesses hereinafter named
and undersigned. Personally came and ap-
peared, the parties whose names here
to subscribed, all of full age and residents
OF this Parish and City, who declared: that
awaiting themselves of the laws of the State
| of Louisiana in such cases made and pro-
yded, and particularly of the provisions OF
Act 267 and Of the Acts OF the General As
sembly of the State of Louisiana for the year
| 1914, they have cOvenanted and agreed and
| do. by these presents, covenant and agree
and bind themselves, well such per-
| sons as may hereafter join become as
ISOLATED with them, to form and constitute
| corporation and body polite in law, for
the objects and under the articles and stipu-
lations hereinafter set forth and expressed.
which they adopt the Charter of this
| Corporation, to-wit:
| ARTICLE 1.-The name and style OF this
corporation shall be Blodgett Naval Stores
| Company, Inc, and under its said corporate
name it shall have and enjoy corporate
| istence and succession for the full term and
| period of ninety (99) years from and
| after the date hereof; to contract, sue and
be sued, to make and a corporate seal,
and the to alter and break at pleasure;
| to hold, receive, lease, purchase and convey,
as well as mortgage and hypothecate proper;
ty, real, personal and mixed, corporeal and
| incorporeal; to own and hold stocks and
bonds of other corporations; to name and
| appoint such managers, agents, directors and
| officers its business convenience may
| require, and to make and establish, well
as alter and amend, from time to time, such
bylaws, rules and regulations for the proper
| government of the affairs of said corpora
| tion as may be necessary and proper
ARTICLE 1.-THE domicile of said cor.
poration shall be in the city of New Or
leans, State of Louisiana, and all citations
and other legal processes shall be served
upon the President, or in the event of his
absence 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 of 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 carried on
| by it, are hereby declared to be: to own,
of any and all kinds: and to own, lease.
suitcase, buy and sell lands, timber tur-
lpentine turpentine stills, sawmils, planning
mills, ETC.; and all the by-products of tim
Der; to operate, establish and lease turpen-
| tine stills anything connected Herewith;
to own, build, operate and lease railroads,
| fram-ways, steam vessels, sailing vessels,
or any nature of water craft that may be
| necessary in connection with its business,
| and to operate, sell lease same; to en-
gage in or conduct 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 property:
| 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 bust
ness. 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 commission or otherwise,
| and conduct a general commission business:
| and generally 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
business 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
Fifty Thousand Dollars ($5O,OOOW. divided
INTO five hundred $500 shares of One Hun
stock shall be paid for in cash or its eouiva-
| lent, at such time and in such manner as
the Board of Directors may determine, or
may be issued at par in payment of property
actually purchased and such stock so is
sued shall be full paid and non assessable
All IN conformity with and under the re-
strlctons~of the presently existing corporate
Jaws OF LOUISIANA. This corporation shall
De authorized to cormense business and be
a-o gong concern as soon as fifty per cent
l'S0go) OF its capital stock is subscribed and
paid tor. The shares of stock shall be
transferable only on the books of the cor
poration and transfer of stock shall be
ninding or have any effect on this corpora
non unless and until made upon its books
he capital stock of this corporation NAV be
increased to an amount of One Hundred Thou.
sand Dollars ($l00,0O00O) by a vote of two.
thirds of all 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 V-All of the corporate powers
of said corporation shall be vested in and
texercised by a Board of Directors composed
OF not less than three more than five
stockholders Said Directors shall be elect
ed annually on the third Monday in Janu-
airy, IN each year at general stockholders
meeting, except the first Board. appointed in
this Charter, who shall hold their offices
until the third Monday in January, 1920,
| and until their successors are elected
| All such elections shall be held by ballot
and conducted at the office of the corpora
ton. 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 meet
ings shall be deposited, at least fifteen Q5
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 residence or place of business.
At all such elections and at all corporate
| meetings every stakeholder shall be entitled
| to one "a vote for each share of stock stand
ing in his name on the books of the corpora
ton, to be cast by him. in person or by his
written proxy, and majority of the votes
cast shall elect. Any vacancy occurring
among the directors bv death. resignation or
otherwise, shall be filled by election for
Il The rrnennirad h., Ia di-nc-