The herald. [volume] (New Orleans, La.) 1905-1953, 1920-05-06
CHARTERS.

liHyne. the address of each of whom i
New Orleans, La. all being above the fun
age Of majority. who declared that avail
ing themselves of the provision OF the laws
Of the stat" of Louisiana relative To the
organization of corporations. they have
contracted and agreed and do by these
presents contract and aGr"" and bind aud
ohllEdl" themselves, a. well a. such Der.
sons aN may hereafter brrom" u~>oriat"u
with them, &" form ana constitute q cor
poration tor IA" Objcct> and purposes AMI
under tn" agreement and conditions FOL.
lowing. tO-wit.
ARTICLE !. The name aud tilIr uf this
corporation shall b" Gabriel Pine Prod
urt>. Inc, ana under that name il shall
hay" and enjoy an of ia" rights adyaEt-
ages and privileges granted by law To
corporations and shall rNi~t tor ia, full
term aud period OF uiucl nine years from
this day. II shall have power to con.
tract. sue and 10" sued, TO make and Use
"a corporate seal. to alter and break the
same at pleasure. to own. hold receive
lease, purchase. sell alternate Hen. con
Vcy. mortgage. hypnthrratr pledge OF
otherwise cncuuher property, real person.
al aud mixed. COrpurcal aud iu-0Tuorr:l .
TO name. appoint. hire diSrharg,. aud fN
the compensation of such directors. off
Gers, managers. agents and other rW.
ploycrS aS il, Interests and convenience
may require. to dissolve This rOrrpr:.i ion.
and wind up its affairs. to conduct nu>i
hess in this State. other States. The Fed.
rral Districts, the territories and posses
>ionS of the United States and ia foreign
countries. Ia hold stock in Other ruTuor.
atiOnS; to make aud establish. a. well as
To alter. amend and abolish same al pleas.
ur" such 10y laws. rules and regulations
is may be- necessary and proper and gen
orally to do aud perform all such acts
as may be proper aud necessary to carry
out aud execute the purposes of this cor
PnrHtiOT.
ARTICLE H.. The domiri, OF rhi, cor
p"ratiou is hereby declared to b" the city
of New Orleans. Parish of Orleans. State
Of Louisiana. and all legal process shall
he served upon ia" President, aud. i'll hi>
absence or Inability to act. on the Vice
President. and. in his absence or inability
TO act. upon the Secretary Treasurer.
ARTICLE III.-Thc objects aud pur-
poses of this corporation are hereby de-
Clar"d 10 lee: To exploit. Manufacture
buy, lease. contract for. sell and generally
10 deal i'll pine and mineral oils. pine pro
duets. 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; 10 do all things con
nect"d with tn" above and all such other
business. acts and things HS may be- usual
and incidental thereto aud necessary in or
der to carry out said objects and pur-
poses.
ARTICLE IN.-The authorized capital
stock of this corporation H. hereby fined
at twelve thousand dollars txI2 600 ODl
shares of stock of the par value of one
hundred dollars (SlOO.00b 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
and in such manner aS tn" Board of Iii
rectOrS may direct The capital stock
may be increased To fifty thousand dol
lerS (SjO,O0.OOl. 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 Il
preferential right 10 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
hereby conferred, shall be disposed of by
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 (S12.OOOO0 of the stock is sub
Scribed for. which said amount is hereby
subscribed for by the said appearrrs, in
the respective amounts placed opposite
their names, said subscription being the
original subscription list to the stock of
this corporation. of said stock 80 sub
scribed for. fifty nine hundred dollars
(S59O0OO) shall he paid for the transfer
and sale to this corporation by Tony Ca
briel, of COyingtOn. La. of certain prop
erty. rights. good will and fOrmulap, as
fully set forth under accurate details and
itemiZed description thereof annexed here
to as part hereof and to be read in con
nectiOn herewith as which sum the Board
of Directors hereby appraise said prop.
erty.
ARTICLE V.-AH of the corporate pow.
erS now or hereafter by law vested in
corporations shall be vested in and exer-
cised by the Board of Directors, composed
Of three t3) stockholders, who shall be
elected annually at Il meeting of the cor
pOratiOn 70 be held on the first Tuesday
of May in each year, and majority of
whom shall constitute quorum for the
transaction of business. and Il majority of
votes east shall decide all questions. All
such elections shall be conducted at the
office of the company in the city of New
Orleans. and notice of the holding of such
election and of all other meetings of
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 notice of the holding
thereof. enclosed in postpaid wrapper.
addressed to each stakeholder at the last
address furnished TO the corporation by
said stakeholder, and in the event no ad-
dress be furnished then addressed simply:
New Orleans, La. At said election and
at all other meetings of stockholders the
voting shall be by ballot and each stock
holder shall be entitled to one vote for
each share of stock standing in his name
on the books of the company, to be east
either in person or by written proxy. The
majority of stockholders shall decide all
questions except as otherwise provided by
law or by this charter. All notices pro-
vided by this charter. or by law, to be
given TO stockholders or directors. may be
waived except where expressly prohibited
by law. The stockholders shall fill for
the uneNpired term, any vacancy occurring
among the Directors by resignation or
otherwise. The failure TO hold an annual
election or to elect officers as above pro-
vided shall not dissolve the corporation,
but the Directors and or officers then in
successors shall have been duly elected and
qualified. The Board of Directors shall,
after each annual election. elect from their
own number a President. n Vice President
and Secretary Treasurer, and shall
from time to time. have the right to elect
such assistant secretary -treasurers as. in
their judgment. is deemed proper. The
Board of Directors may appoint from
time to time, such clerks or agents. and
other employees, as they may deem neces-
sary for the proper conduct of the bust
ness of this corporation, but all such
clerks, agents and other employees can
not be employed for a longer period than
by the month, unless the contract of en-
ployment be in writing and specifically
authorized By a resolution of the Board Of
Directors. The Board of Directors shall
have power to adopt bylaws for the gov
ernment of the corporation and to alter.
amend or abolish same at pleasure; IL
may delegate all or any of its powers for
the transaction of the business of this cor
pOratiOn to q committee or committees of
its own body or to an officer, the officers
or agents of this corporation. The first
Board of Directors shall consist Of Tony
Gabriel, whose address is COvingtOn. La. (;
uh aAA Ia Rnv