The herald., 1919-04-03


CHARTER OF BLoDGETT NAVAL
STORES COMPANY, INC.
United States Of America, State Of Louis
lana, Parish OF Orleans, City OF New Or
leans. Be it known, that on 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 NE. Charles l.
Denechaud, 4 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 are here
to subscribed, all Of full age and residents
of this Parish and City who declared: that
availng themselves OF the laws Of the State
of Louisiana in such cases made and pro
vided, 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 as such per
sons as may hereafter join or become as
ISOLATED with them, to form and constitute
corporation and body polite in law, Tor
the objects and under the articles and stlpu-
lations hereinafter set forth and expressed
which they adopt the Charter OF TINS
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 ex-
istence and succession for the full term and
period OF ninety mine (99) years from and
after the date hereof; to contract, sue and
be sued. to make and use a corporate seal
and the same to alter and break at pleasure
to hold. receive, lease, purchase and convey
as we'll as mortgage and hypothecate proper.
~, 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 as its business or convenience may
require, and to make and establish. as well
as alter and amend, from time to time. such
| bylaws, rules and regulations for the proper
government of the affairs Of said corpora
| ton 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 inability to act, then they shall
be served upon the Vice .President, who is
| acting President, OF said corporation, and II
| the event of his absence of Inability to act
| then upon the Secretary Treasurer.
| ARTICLE III.-The objects and purpose:
| for which this corporation is organized anc
the nature of the business to be carried or
| II.
possess. lease, sell, operate and work mine:
| OF any and all kinds; and to own, lease
| suitcase, buy and sell lands, timber, tur
pentine, turpentine stills, sawmills, planning
mills, ETC.; and all the by-products of tim
| Der; to operate, establish and lease turpen
| tine stills or anything connected Herewith
| to own, build, operate and lease railroads
| tram-ways, steam vessels, sailing vessels
or any nature of water craft that may b,
necessary in connection with its business
and to operate, sell or lease same: to en-
| gage in conduct a general mercantile
| business. both wholesale and retail, at any
| point or points desired, and 10 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 Il
| deal in same; and to operate, own or leas
any kind of manufacturing plant or bust
| ness. not specially prohibited by law; to &C
| as Agent or Attorney-in-fact for individual
| or corporations, and as such to conduct an,
| kind of business for persons or corporations
7, and buy and sell on commission or otherwise
and conduct a general commission business
and generally TO do and perform any ant
all acts or business not contrary to tn
laws of the State of Louisiana; and all tn
rights herein granted may be exercised. ant
business conducted, at any place or place
that the said company may see fit so to dc
without any restrictions whatever as t
States Countries.
ARTICLE IV.-The capital stock of thi
corporation is hereby fixed at the sum o
Fifty Thousand Dollars (s50OOo00, divide
into five hundred 600 shares of One Hun
dred Dollars $4,000 each. which sal
stock shall he paid for in cash or its equiva
lent, at such time and in such manner a
the Board of Directors may determine. 0
may be issued at par in payment of propert
actually purchased and such stock so j:
sued shall be full paid and non assessablt
All in conformity with and under the RI
strictions of the presently existing corporal
laws OF Louisiana This corporation sha
be authorized to commense business and b
going concern as fifty per Ger
(500n) of its capital stock is subscribed an
paid for. The shares of stock shall
transferable only on the books of the col
Doration and transfer of stock shall
binding or have any effect on this corpor;
ton. unless and until made upon its book
The capital stock of this corporation NAV
increased to amount of One Hundred Tho,
| sand Dollars (s1O0,OO00o) oy vote of tw,
thirds of all the outstanding stock at
, meeting of the stockholders called for TIL;
purpose in the same manner as provided f.
the meeting to elect Directors.
ARTICLE V.-All of the corporate power
! of said corporation shall be vested in an
exercised by a Board of Directors compose
of not less than three nor more than fiv
stockholders. Said Directors shall be cleo
ed annually on the third Monday in JAM
airy, in each year at general stockholder
meeting, except the first Board, appointed i
this Charter, who shall hold their office
until the third Monday in January, 1872
, and until their successors are elected.
All such elections shall be held by ballc
and conducted at the office of the corpora
tion. Notice of such meeting and of all othe
stockholders meetings shall be given in tn
manner prescribed by law, and when not S
{ prescribed, then written notice of such NEE
ings shall be deposited, at least fifteen q:
days prior to the date of such meeting, j
, the post office of the City of New Orlean:
| addressed to each stakeholder at his la:
known residence or place of business.
At all such elections and at all corporal
) meetings every stakeholder shall be entitle
TO one N vote for each share of stock stand
ing in his name on the books of the corpor;
ton. TO be cast bv him. in person or by h
: written proxy, and a majority of the vote
cast shall elect. Any vacancy occurrin
among the directors bv death. resignation {
otherwise. shall be filled by election Il
= the ,pexnred term nv the remaining dire