The herald. [volume] (New Orleans, La.) 1905-1953, 1920-05-27
May 20 June n.
CHARTER OF THE GABRIEL PINE
Products. INC.

| May -'-Jun'
CHARTER OF THE GABRIEL PINE
| PRODUCTS, INC.
April ~. 1920.
| United States Of America. Stat" Of Lou
| iNiana, Parish of Orleans City of New Or
leans. he it known that on this the mine"
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. a Notary Public.
duly commissioned and qualified in and
for the Parish of Orleans State Of Louis
lana. aud in the presence of the witnesses
hereinafter named and undersigned. per
>Onally came and appeared Tony Gabriel.
who's" address is Covington, La: Geo. T..
Pitcher Horace l.. Pitcher and T. l..
Bayne 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
ebligate themselves. a. we'll as such per
sons as may hereafter become associated
with them. TO form anu constitute cor
poration for the objects and purposes and
under the agreement aud conditions fol-
lowing. tO-wit:
ARTICLE 1.-The name aud title of this
corporation shall be Gabriel Pine Prod
ucts. Inc, and under that name it shall
ages aud privileges granted by law to
corporations and shall exist for the full
| term and period of ninety nine years from
This day. IL shall have power to con
| tract. sue and he sued. to make and use
| Il corporate seal. TO alter aud break the
same at pleasure. TO own, hold. receive,
lease, purchase, sell. alternate. lien. con
| Ney. mortgage, hypOthTratc pledge or
otherwise cucumber property. real. person
| al and mixed. corporal and incorpOrcaI:
to name. appoint. hire. discharg" and tx
the compensation Of such directors. Off
GERS. managers. agents and other
plONeeS as 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
SionS of the United States and in foreign
countries: to hold stock in other corpor-
IatiOnS: TO make and establish. a. well ~
to alter. amend and abolish same at pleas
ure such bylaws. rules aud regulations
as may he necessary and proper and gen
orally to do and perform all such acts
as may he proper and necessary to carry
out aud execute the purposes of this cor
pOratiOn.
| ARTICLE II-Thc domicil, of this cor
pOratiOn is hereby declared to he the city
of New Orleans. Parish of Orleans, State
OF Louisiana. and all legal process shall
be served upon the President. and i'm his
| absence or inability to act. on the Vice
President. and, in his absence or inability
to act. upon the Secretary Treasurer.
| ARTICLE lII-The objects and pur-
poses of this corporation are hereby de
| clared to he: 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
Iany of said lands; to do all things con
nected with the above and all such other
business. acts and things as may be usual
I and incidental thereto and I'm
der to carry out said objects and pur-
poses.
| ARTICLE IV.-Tbe authorized capital
stock of this corporation is hereby fixed
at twelve thousand dollars (Sl2.OOO. OO)
represented by one hundred and twenty
| shares of stock of the par value of one
hundred dollars (s1O0.OO) each. and shall
be paid for in cash, or may be- issued at
property, rights and assets, actually pur-
i chased by this corporation at such time
and In such manner as the Board of Iii
rectors may direct. The capital stock
| may be increased to fifty thousand dol
lers ($jOWO.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
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 lie 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,OOO.0O) 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
| this corporation. OF said stock so sub
scribed for, fifty-nine hundred dollars
| (N,9OOOO) shall be paid for the transfer
ana sale to this corporation by Tony Ga
briel, of Covington, La, of certain prop
erty, rights good will and fOrmulap. as
fully set forth under accurate details and
ltem1Zed description thereof annexed here
10 as part hereof and to be read in con-
| nectlon herewith. as which sum the Boa rd
OF Directors hereby appraise said prop.
Ierty.
ARTICLE v.-All Of the corporate now.
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 meeting of the cor
pOration to be held on the first Tuesday
of May in each year, and a 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
office 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
IOrleans, not more than fifteen days and
not less than three days prior to the date
OF said meeting a notice of the holding
thereof, enclosed in a postpaid wrapper
addressed TO each stakeholder at the las
address furnished to the corporation by
said stockholder, and in the event no ad-
dress be furnished then addressed simply
New Orleans, La. At said election and