The herald. [volume] (New Orleans, La.) 1905-1953, 1920-06-03


PRODUCTS. INC.
April 49, 1920.
! United States Of America. State Of Lou
iSiana, Parish of orleans. city of New Or
leans. he it known that on this. the nin,-
teenth day of April \ u. nineteen hun
dred and twenty. and of the Independence
! of TIA" United States of America, the one
hundred and forty fourth. bcfor" me
Frank William Hart. Notary Public
duly commissioned and qualified in and
for the Parish Of Orleans. state of Louis
lana. and in the presence of the witnesses
hereinafter named and undersigned. per
Sonaliy came and appeared Tony Gabriel,
whose address il COyington, La: Geo f.
! Pitcher, Horace l.. Pitcher and Il. L.
| Baync. 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. as well rs such per
sons rs may hereafter become associated
J with them, to form ana constitute a cor
| poratiOn for the objects and purposes and
under the agreement and 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 il shall
| have and enjoy all of the rights. advant-
ages and privileges granted 10y law to
1
| term and period of ninety nine years from
! this day. Ii shall have power to con-
tract, sue and be sued, to make and use
| a corporate seal to alter and break the
sam" ut pleasure, 10 own, hold. receive.
lease, purchase, sell. ALLEVIATE. lien. con
| vey, mortgage. hypOthecatc pledge or
otherwise cucumber property. real. person
al and mixed. corporal aud incOrpOrral .
! to name, appoint, hire. discharge and nix
| the compensation of such Directors. Off
GERS, managers. agents and other en-
ployeeS a. its interests and convenience
! may require, to dissolve this corporation
and wind up its affairs. to conduct bust
ness in this State. other States. the Fed
/ eral Districts the territories and posses
SlOnS of the United States and in foreign
countries, to hold stock in other COrpOr-
atiOnS; TO make and establish As well as
! to alter, amend and abolish same at pleas
ure such bylaws, rules and regulations
! as may he necessary and proper and gen
orally to do and perform all such acts
as may be proper and necessary to carry
out and execute the purposes of this cor
pOratiOn.
ARTICLE 1.-THE domicile 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.-Thc 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 and necessary in or
der to carry out said objects and pur-
poses.
ARTICLE Iy.-The authorized capital
stock of this corporation is hereby fixed
at twelve thousand dollars ($l2 ,OOOO0D.
| represented by one hundred and twenty
shares of stock of the par value of one
hundred dollars (Sl00OOD each. and shall
| be paid for in cash. or may be issued at
| par i'm payment for services rendered
property, rights and assets, actually pur-
chased by this corporation at such time
and in such manner as the Board of hi
may be increased TO fifty thousand dol
lerS (SJO.00O,O0), In the event OF the in
crease of the capital stock of the corpora
ton the owners of the shares of stock
! then outstanding shall have and enjoy a
| preferential right to subscribe pro rata
to the extent of their respective holdings
TO all of such shares of such new or in.
creased stock. which shall be offered for
| subscription to the stockholders. ANY
| shares offered for subscription to such
| holder or holders of stock. which shall
not be subscribed for under the rights
hereby conferred, shall be disposed of by
the Board of Directors in their discretion
and they shall fix the terms and conditions
of such subscription and disposition. This
corporation shall be authorized to com
mence business, as soon as twelve thousand
dollars tSl2,OOO.OO) of the stock is sub
Scribed for, which said amount is hereby
subscribed for by the said appearerS in
the respective amounts placed opposite
their names. said substitution being the
~ list 70 4hn n.
this corporation. 90 said stock so sub.
scribed for. fifty-nine hundred dollars
| t$J:9OOOO) shall be paid for the transfer
and sale to this corporation by Tony Ga.
brlel, OF CovingtOn, La, of certain prop
erty, rights, good will and formulate as
iuIly set forth under accurate details and
ltemlzed description thereof annexed here.
to as part hereof and to be read in con.
nectiOn herewith. as which sum the BOARD
erty. fF
ARTICLE v.-AT of the corporate DOW.
erS now or hereafter by law vested In
corporations shall be vested in and eyer.
lciSed by the Board of Directors. composed
lof three 90 stockholders who shall be
Itlected annually at meeting Of the cor.
poration to be held on the first Tuesday
OF May in each year. and a majority q;
WhOm shall constitute a 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
lorieans. and notice of the holding of such
% ctlOn and of all other meetings OF
ockholders shall be given by depoSitinr
IN the United States Postoffice in New
orleans, not more than fifteen DAYS and
NOT less than three days prior to the date
OF sald meeting a notice of the holding
thereof. enclosed in a postpaid wrapper.
| addressed to each stakeholder at the last
address furnished to the corporation nv
said stakeholder, and in the event no adj
dress be furnished then addressed simpIy {.
New orleans, La. At said election and