St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1921-07-09
CHARTER
OF THE
ATLANTIC AND GULF NAVAL
STORES COMPANY, INC.
United States OF America, State OF
Louisiana, Parish Of st.
Tammany.

United States Of America, State Of
Louisiana, Parish Of St.
Tammany.
Personally came and appeared the
parties whose names are hereto sub
scribed, all of full age, who declare
that, availing themselves Of the pro-
visions of the Jaws Of the State OF
Louisiana, relatives to corporations,
they have coyenanted and agreed,
and by these presents covenant and
agree and bind themselves, as we'll
as such other persons as may here
alter become associated with them,
TO- form and constitute a corpora
Lon and body p1jitic in law, for the
purposes and OBJECTS, and under the
stlpulations, articles and conditions
following, to-W;t: ":"
ARTICLE l.
The name and title OF said cor
puratlOn shall DC
atlantic and Gulf Naval Stores Com
pany, Incorporated
and its domicife is hereby establish
ed at Covngton, State OF Louisiana;
and under it's corporate name the
said corporation shall have power
and authority 20 contract, sue and
be sued; to make and use corpor-
ate seal and, the same to break and
alter at pleasure.
Said corporation, unless sooner
dissolved in accordance with the stip
ulati0ns Of this charter, shall exist
period of ninety-nine (99) years
from date hereof.
ARTICLE IL.
The objects and purposes for which
this corporation is organized, and
the nature Of the business to De
carried on by il, are declared to be
the following, to-Wit: g..
To buy and sell, for the purpose
Of export and otherwise, and general-
ly to deal in naval stores, spirits
turpentine, rOsin, rosin oil, crude
gum, tar, battingdross, and all other
naval stores products, and lubricat-
ing, lighting, fuel and food oils, and
tor this purpose to own, lease, oper-
ate and maintain stores, stOrehouses
yards and warehouses; and, in aid OF
its business operations, may own,
lease, operate and maintain tank
cars, railroads, wharves, tramways,
landings, steamboats, and other water
craft, and when necessary or Incl
dental in the course Of it's business,
may acquire, own, lease, sell and
dispose Of all kinds Of real estate;
and may loan and borrow money and
secure the same by mortgage, pledge
or other security; and do general
factorage business, and manufacture
turpentine and rosin and all other
products that may be extracted from
pine timber; to buy and sell lumber
and timber OF all kinds for export
and othewirse; to operate saw mills,
planning mills, etc., for the purpose OF
manufacturing lumber and other pro-
ducts from pine CT hardwood timber;
to appoint managers, officers, agents
and employees in the State Of Louisi-
ana and other states and foreign
countries, as its interests may re-
Quire; to do and perform all other
things requisite, necessary or COZ
venient to enable it to carry out the
objects and purposes above set forth
ARTICLE III.
The capital stock OF said corpora
ton shall be Fifty Thousand ESQ.,.
0O0) Dollars, divided into and rep
resented by five hundred (50O)
shares Of the par value Of One Hun
dred ($1OO) Dollars each, which said
stock may be paid for In cash, OF
the same may 10 issued at not less
than par in payment or exchange for
property or rights actually received
or purchased by said corporation, or
the same may be issued, full paid.
for money advanced, and for such
vices as the Board Of Directors OF
said corporation may determine.
The capital stock OF said corpora
tion may be increased to a sum not
to exceed Two Hundred and Fifty
Thousand ($250,0O0) Dollars, at the
pleasure of the Board Of Directors,
in which event, during the period
between the call Of the meeting for
the purpose Of increasing the capital
S>"NAA phu IAo AhSStAASS LAO WI SOAAo
holding stock at the time shall have
the right to take shares of the addi-
tional or increased stock proportions
ate TO the number Of shares owned
by them, and any shares not taken
at the expiration of such period may
be disposed of By the Board of Direc-
tors for the benefit of the stockhold-
ers at not less than par value.
Any stakeholder may sell, assign
or transfer his stock in this corpora
ton, provided thirty (30) days prior
notice of such intention to sell, as
sign or transfer the same be given
the company. aud the other stock
holders thereof shall have first privi-
lege Of purchasing same, after which
thirty (30) days notice the said
stock may be sold in open market.
The capital stock Of this corpora
ton shall be nonassessable, and may
be transferred under the above con-
ditions, provided such transfer there
of be made on the books Of said COM
pany at its office at Covington, Lou