The herald. [volume] (New Orleans, La.) 1905-1953, 1920-04-29
CHARTER.
CHARTER OF THE GABRIEL PINE
PRODUCTS, INC.
April 10. 1920

,iti a. of NuriI 4 H. nineteen hun.
drrd and twenty, aud OF the iNh'P, r" a.,
of the United states OF Am'''r 49,. ",
hundred and tOrty-tourIlL u''"'TI IL
Frank william Hart. N"'"ia Nv.
duly commissioned AMI Hh''H''" D" 80
for thp Parish ot orleans. Hl,,'' va
iin"i ", named aud undersigned. pei.
snualIy came and appeared lp"H
who's. address i toNiuEtOh' La -
pit,b.r Horace l.. l'lt'h'T H'' ..
ilt'n'i' IL .,ddrrS, OF each of whom -
M, orleans. La all being ahoN" tue 'ui'
AGE of majority, who d'Fl'T'" '".t -
ing themselves 81 Tue pro- 'N.'T -. -, rg..
nj tuc state OF Louisiana I'lA'l,' u"
o-,,,nizytion of corporations, ItiA NV
contracted and agreed ana d", 10y -,
presents contract ami a-i', 'h" "'"" .
nIIi,at. themselves, a. wen q" SUI" -,
IN as may hereafter b"yuH" a~-" "'''"
with them to- form aud constitute
poration tor the objects "h" hhI ,r
Indsr the agreement anu '"h"l''""' ''
lowing, tO-wt. ,.
,pTIcTE The nam" aud tirI" %, ihi~
.ornor,tion shall D." Gabriel ilnr I"",
nets Inc and under mat nAi.' -,
have ana enjoy all OF lhr ,,-II i,y ru
ages and privileges -raniru 10y -, ON
rornor,tion, and shall exist Tor l"' .",.
term aud period of ninety niue ~, ,5,
This day. IL shall have r""|I Y" ,..
tract sue and be sued, 20 man """ 49,.
:, rornoratr seal. 10 alter aud hI'"N az
same at pleasure, 10 own h"'I, w.,
lease purchasc, sell alternate i'". ''.
Wy m
ctirr,yiSr encumb.r property. real p'r~",
al and mixed, corporal hhl l"'"'I'. 80
10 name appoint. hire. dis, hAf-' ''" ~
the compensation OF sG'h 30 ,,'rrr ,,r'
,.rs managers, agents ahh "'H'' '''
nIoy.e, As its Interests ana '"hN"h''l''
may require, 10 di>>olN" TINS '%rI"';.,
and wind up it, affairs. 10 ,"""u,' ~
! ms in this State. other states. W. ~"
.r.I districts the territories ana P">>'~
sionS of the United states Anu lh '"l''-"
countries; to hold stock IA "'h'T '"'t'.
,tious. 10 make aud establish. - N'.l ~
I TO alter. amend aud abolish same ~ Pl,a>
urr such bylaws. rules aud r"%uiiI"h'
rs may he necessary ANA proper '"' -
,r,IIv 10 do and perform all >urh A''"
rs may be proper and necessary u" '''iH
out and execute ia" Purr">''> III '"'> VIZ
poratiOn. r; r
rnr1tion l. hereby declared 10 u" the ~
20 M Orleans Parish Of Orleans state
4 of Louisiana and all legal process Nh'i'
he served upon TIA" President. and. III ms
absence or inability TO "'l' on w.
President and, in his ab>"n"" or lhAhi''H
IN act upOn the secretary Treasurer.
ARTICLE III-1h" objects hnI PIl.
poses of this corporation ar" h'r''' w
,Iarrd to be: To exploit. mahnlh'I"r'
huy I,osp cont ract for. sell ANA S"h'F''iN
m deal i'm pine aud mineral oils. pine pr"
ducts pine, Cut-OVrr ana stump I,""
nine stumps timber pine products ana ~
nthsr nroducts from said Lands. I" ARA
for oil and exploit any minerals l"uh" "
any of said lands; TO do all thlh-N ,"n
neCtpd with the above hhd an ~, ~
busiueSS, acts and things aS may !" ">h'
and incidental thereto aud necessary ia OF
der to carry out said objects ana Pur
poses.
ARTICLE IV.-The authorized capita
stock of this corporation l. hereby hNt'
nj twelve thousand dollars iSl2NN"i
represented by one hundred aud tMrht!
shares OF stock of the par vain" OF on
hundred dollars Is lOo.Wl each anu SI'" :,
be paid for in cash. or may b" ISSUED -
mar i'm paymcnt for services relh'r"'
property rights and assets actually pur
chased by this corporation NJ sn'h 'ini
and in such manner ~ thr boarh vi ~,
ractors may direct The capital ~to'I
NAV be increased tn fifty thousand doi
Iers $50 .ON.O0l. In the event OF III" w
crease of the capital stock of IN" corpora,
tion the owners of the shares Of >IorI
then outstanding shall haN" and ENJOY
~ preferential right 10 >ub>rrlb" pro Wv
to the extent of their rrHperli,r n"lliT y,
to all of such shares Of Surh new or ~
crea sod stock. which shall hr offered !"
subscription to the niockhoiderN' WI;
shares offered for subscription 10 sue,
hoIdpr or holders Of stock. which >hai
not be subscribed for under III" rlSh'
hereby conferred. shall u" disposed OF ID!
the Board of Directors in their discretion
and they shall dN the terms aud condition
Of shch substitution and disposition. Til
corporation shall he authorlh'd !" c"U'
~ mence business as soon rs twelNc thousih
dollars tsl.03@l Of the s,o,h Is r ru"
4 subscribed for 10y rhe said app"ar"r>. !
"a the respective amounts placed opposi'
their names said subscription being IN
n original subscription list I" the stock
"A this corporatiOn. Df said stock - su'
81 scribed for. fifty nine hundred dollar
4 (x59O0OO) shall he paid for the tranSt'
M and sale to this corporation by Tony 'ia
briei of Coyington La, OF certain pro-
erty, rights. good will and formulas. 4
b fully set forth under accurate details IN
IA itpmiZed description thereof annexed here
al TO rs part hereof and to br read in "ol
IN nection herewith. aS which sum the iOhi
q of Directors hereby appraise said pro-
81 erty.
ers now or hereafter by law vested
corporations shall be vested In aud exc
IN cised by the Board Of Directors. compoS'
of three 90 stockholders. who shall
N elected annually at u meeting of the ga
IN poration TO be held on til" first TueSdi
Of May In each year, and Il majority
IA whom shall constitute quorum for I
transaction OF business. and majority
W votes east shall decide all questions.
III such elections shall he conducted ri
office of the company in the city of "
"a Orleans and notice of the holding Of III
election and Of all other meetings
stockholders shall be given by dcpoSitt
In the United States PoStoifice in y
~ Orleans. not more than fifteen days y
M not less than three days prior to ia" di
ga Of said meeting notice of III" holdi
)N thereof. enclosed in postpaid wrapr
IN addressed to each StockhOld At the u
address furnished to the corporation
said stakeholder. and In the event no
dress he furnished then addressed >mp
III New Orleans, La. At said election i
tn ut all other meetings Of stockholders
voting shall be by ballot and each sto
holder shall be entitled to one vote
"A each share Of stock standing in his M
a on the books of the company, to 10" g
IN either in person or by written proxy.
~ majority Of stockholders shall decide
N questions except nS Otherwi>" provided
n law or by this charter. All notices y
IA vided by this charter, or by law. 10
"A given to stockholders or directors. may
"a waived except where expressly prohihi
H3 by law. The stockholders shall I'LL.
IA the uneNpired term, any vacancy o"cuTr
kt among the Directors by resignation
f otherwise. The failure to hold an ann
ta election or to elect officers above ~
IN yided shall not dissolve the corp"rnH
t1 hut the Directors and or officers then
In Office shall remain in Office until Oh
IN Successors shall have been duly elected
MI qualified. The Board Of Directors Sh
|t after each annual election, el'gt from ~
%3 own number n President. n Vice Pre>id
III and Secretary Treasurer, and sh
IN from time to time, have the right to e.