St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1920-03-06

CHARTER OF THE
LOUISIANA SHELL AND GRAVEL
COMPANY, INC.
United States Of America, State of
Louisiana, Parish of Orleans,
City of New Orleans.

one hundred and forty-fourth, befos:
me, Eldon S. Lazarus, a notary pub
llic, duly commissioned 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 appeared the several persons
whose names are hereunto subscrib
ed, all of the full age of majority
who severally declared to me, notary
that availing themselves Of the law:
of the State of Louisiana in such
cases made and provided, and more
particularly of Act No. 267 of the
General Assembly of Louisiana OF
1914, relating to the creation, or
ganization and formation Of corpora
lions, they have covenanted and
agreed, and by these presents do COW
enant and agree and bind themselves
as we'll as all such other persons as
may hereafter become associated
with them, to form a corporation for
the objects and purposes and under
the articles and stfpulations follow
ing, to-wit:
ARTICLE 1.-The name and style
of this corporation shall be Louisiana
She'll g. Gravel Company, Inc, and
under it's corporate name it shall
have the power and authority to have
and to enjoy corporate existence for
period OF ninety-nine years from
this date, unless sooner dissolved by
liquidation or otherwise; it shall
have power to contract, to sue and
to be sued, to make and use cor
porate seal, and to alter and break
same at pleasure; to hold, release,
receive, purchase, transfer, assign.
convey. mortgage. hyDothecate,
pladge. or otherwise receive or dis
posi- OF property. real, personal and
mixed. corporal or incorporeal; to
issue bonds, and II desired to secure
the same. by mortgage; to buy and
hold stock. In other companies; 10
name, elect and appoint such man,
ayers, agents., directors, or officers
as its business Interests may deQuire,
and to make and establish, alter and
amend, bylaws, rules and regula-
tions for it's proper government as
may be deemed necessary and proper
and generally to do any and all
things incident to, or necessary and
proper for, the proper conduct and
expansion of the business II which
the corporation Is engaged,
ARTICLE H,-This corporation
shall be domiciled at Dunbar, st.
Tammany Parish, Louisiana, and all
citations or other legal process shalt
be served upon the President Of this
corporation, and In the event Of that
officers absence, upon the Vice-Pres-
ident, and in the event of the abb
sence of both, upon the Secretary
Treasurer.
ARTICLE III.-The objects and
purposes for which this corporation
Is organized and created, and the
nature of the business to be carried
on by it, are hereby declared to be
as follows:
To buy, sell, or otherwise acquire
or dispose Of, at wholesale or retail,
either for its own account or for a.
count of others, all kinds of building
and construction material, such as
lumber, laths, shells, gravel, lime,
stone, cement, and such other ma
terial or merchandise usually carried
in such line Of business; to engage
generally in the contracting, building
and construction business, and for
that purpose to contract for the orec-
ton, construction and maintenance
of buildings, bridges, roads and
highways; and also to engage gan
orally in the Manufacturing Dus:-
ness and to manufacture all kinds of
building and road matedial by crush
ing or otherwise treating shells and
gravels, so as to make the asme suit
able for commercial purpo 'es; and
generally to do such other thing or
things and to conduct such other
business or businesses, either for Its
own account or az agents for others,
as may be found necessary or con-
venient properly to effectuate tn,
aforesaid purposes or to enhance
the prosperity and the value Of the
rights and privileges OF
this corporation,
ARTICLE IV.-The capital stock
of this corporation Ia hereby fixed at
the sum Of fifteen thousand do lars
($15,O00). divided into, and repre-
scented by, one hunded and fifty
shares, of one hundred $4,000 dol
lara each. Said stock shall be pail
for in cash or its equivalent as pro-
vided by law, and in such manner
and at such time and in such INSTALL
ments as may be prescribed by the
Board of Directors. The capital
stock may be increased to fifty
thousand (S50,000) dollars, to oe
represented by five hundred shares
at one hundred $4,000 dollars each.
All stock of this corporation shall
be full paid and worcestershire, sad
shall be represented by certificates Of
such form ais the Board of Directors
may determine, signed by the Pfesi-
dent or Vice-President and the Secre-
tary-Treasurer, and sealed with the
seal Of the corporation.
ARTICLE V:-The stock of this
may be transferred only
on the books OF the corporation. and
subject to such regulations aud for
malities as may be prescribed ertm
time to time by the Baaf9 OF Dl-
rectors. No STOCKHOLDERS shall be
permitted to sell, or otherwise dis
pose of his stock without first offer
ing the same In writing to the other
stockholders, through tho Board OF
Directors, at a price no. exceeding
the book value thereof, and the
stockholders shall have an option
and first right to purchase for cash