The herald. [volume] (New Orleans, La.) 1905-1953, 1920-05-20
May June -.
CHARTER OF THE GABRIEL. PINE
PRODUCTS. INC.


April 10 1920
| United States of America. stat" of Lou
iSiana, Parish of Orleans CITY of New Or
leans. BE il known that on this the nine
teenth day Of April A u. nineteen hun
dred and twenty, and of the Independence
of the United States of America. the one
hundred and forty fourth before me
Frank William Hart. Notary Public
duly commissioned and qualified in and
for tn" Parish of Orleans. State Of Louis
lana. and in the presence of the witnesses
hereinafter named and undersigned. per
>onally came and appeared Tony Gabriel.
whose address il CovingtOn. La: Geo. T..
Pitcher, Horace l.. Pitcher and T. l..
BaEne. the address of each of whom is
New Orleans. La. all being above the full
age OF majority, who declared that avail
ing themselves of the provision of the laws
of the state of Louisiana relative to the
organization Of corporations they have.
contracted and agreed and do. by these
presents contract and agree and bind and
obligate themselves a. we'll H. such Der
sons may hereafter become associated
with them, To form anu constitute Il cor
pOratiOn for the objects and purposes and
under the agreement aud conditions fol
lowing, tO-wit:
ARTICLE 1.-The name and title of this
corporation shall be Gabriel Pine Prod
uctS, Inc, and under that name it shall
have and enjoy all of the rights. advant-
ages and privileges granted by law To
corporations and shall exist for the full
term and period of ninety nine years from
this day. 1t shall have power to con
tract. sue and be sued. to make and use
II corporate seal to alter and break the
same at pleasure, to own. hold. receive,
lease, purchase, sell. ALLEVIATE. lien. con
vey. mortgage, hypothecate pledge or
otherwise cucumber property. real person
al and mixed, corporal aud incorporral:
TO name, appoint, hire. discharge aud ,ix
the compensation of such directors. off
GERS, managers. agents aud other en-
plOyees as its interests and convenience
m ea
and wind up its affairs: to conduct bust
ness in this State, other States. the Fed
eral Districts, the territories and posses
Sions of the United States and ia foreign
countries; TO hold stock in other corpor-
atiOns; to make and establish. a. well ~
to alter. amend and abolish same ut pleas
ure such bylaws. rules and regulations
as may be necessary and proper and gen
orally to do and perform all such acts
aS may he proper and necessary to carry
out and execute the PURPOSES of this cor
pOratiOn.
ARTICLE T.-The domicilr of this cor
poratiOn Is hereby declared To be- the city
of New Orleans. Parish of Orleans STATE
of Louisiana. and all legal process shall
be served upon the President. and in his
absence or Inability to act. on the Vice
PRESIDENT. and, In his absence or inability
to act. upon the Secretary Treasurer
ARTICLE III-Tne objects and pur
poses of this corporation are hereby de
clared to be: To exploit. manufacture
buy. lease, contract for. sell and generally
to deal in pine and mineral oils pine pro
ducts, pine, cut-Over and stump lands
pine stumps. timber pine products and all
other products from said lands: to drill
for oil and exploit any minerals found on
any OF said lands; to do all things con
nected with the above and all such other
business. acts and things as may be- usual
and incidental thereto aud necessary in or
der TO carry out said objects aud pur-
poses.
ARTICLE Iv.-The authorized capital
stock of this corporation is hereby fixed
at twelve thousand dollars (Slo.OOO.OO)
represented by one hundred and twenty
shares of stock of the par value of one
hundred dollars ($100.O0I each, and shall
be paid for in cash. or may be issued at
par in payment for services rendered,
property. rights and assets, actually pur-
chased by this corporation at such time
ana in such manner as the Board of hi
rectors may direct The capital stock
may be increased to fifty thousand dol
lers (SJO,OOOOO. In the event of the in
crease of the capital stock of the corpora
ton the owners of the shares of stock
then outstanding shall have and enjoy a
preferential right to subscribe pro rata
to the extent of their respective holdings
to all of such shares of such new or in.
creased stock, which shall be offered for
subscription to the stockholders. ANY
shares offered for subscription to such
holder or holders of stock. which shall
not be subscribed for under the rights
the Board of Directors in their discretion
and they shall fix the terms and conditions
OF such subscription and disposition. This
corporation shall be authorized to com
mence business as soon as twelve thousand
dollars (Sl2,OOOOO) of the stock is SUB
Scribed for, which said amount is hereby
subscribed for by the said appearerS. in
the respective amounts placed opposite
their names. said subscription being the
original subscription list to the stock of
TINS corporation. OF said stock sub
scribed for, fifty-nine hundred dollars
lNoSooO) shall be paid for the transfer
ana sale TO this corporation by Tony Ga
briel, of COvingtOn. La of certain prom
erty. rights. good will aud fOrmulap as
inlly set forth under accurate details and
itemized description thereof annexed here
10 as part hereof and to be read in con
necti0n herewith. as which sum the Board
erty.
ARTICLE y.-AII of the corporate DOW.
ers now or hereafter by law vested in
corporations shall be vested in and expr-
cised by the Board of Directors composed
of three (3) stockholders. who shall be
erected annually at meeting of the cor
poration to be held on the first Tuesday
or May in each year, and majority of
whom shall constitute quorum for the
transaction of business. and a majority of
votes cast shall decide all questions. All
such elections shall be- conducted at the
offlce OF the company in the city of New
Orleans, and notice of the holding of such
election and of all other meetings of
STOCKHOLDERS shall be given by depositing
IN the United States POstOffice in New
Orleans. not more than fifteen days and
not less than three days prior to the date
OF said meeting a notice of the holding
lhereoi, enclosed in postpaid wrapper.
addressed to each stakeholder at the last
address furnished to the corporation by
said stakeholder, and in the event no adj
dress be furnished then addressed simply
New Orleans. La. At said election and