St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1921-07-02
CHARTER
OF THE
United States Of America, State o
Louisiana, Parish OF st.
Tammany.
ATLANTIC AND GULF NAVAL
STORES COMPANY, INC.


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 laws Of the State OF
Louisiana, relatives to corporations,
they have covenanted and agreed,
and by these presents covenant and
agree and bind themselves, as Well
as such other pei sons as may mere
alter become associated with them,
TO form and constitute a corpora
ton and body palitic i'll law, for the
purposes and OBJECTS, and under the
s.pulations, articles and conditions
luiiowing, tO-W;t:
ARTICLE |.
'Hhe name aud title of said cor
poratl0n shall be
Atlantic and Gulf Naval Stores Com
pAny, Incorporated
and it's domicile is hereby establish
ed at CovingtOn, State OF Louisiana;
and under it's corporate name the
said corporation shall have power
and authority 10 contract, sue and
be sued; to make and use a cOrpor-
ate seal and, the same to break and
alter at pleasure.
Said corporation, unless sooner
dissolved in accordance with the stip
ulatiOns OF this charter, shall exist
and continue to have succession for
period OF ninety-nine (99) years
from date hereof.
ARTICLE II.
The objects ana purposes for which
this corporation is organized, and
the nature Of the business to oa
carried on by it, are declared to be
the following, to-Wit:
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, batting-dross, and all other
naval stores products, and lubrlcal-
ing, lighting, fuel and food oils, and
for this purpose to own, lease, opeE-
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 its business,
may acquire, own, lease, sell and
dispose Of all kinds Of real estate;
and may loan and borrow money and
hn NV ut ua n do G.
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, agent:
and employees in the State Of Louisi
ana and other states and foreign
countries, as It's interests may re
quire; to do and perform all othe
things requisite, necessary or Goa
yenient to enable it to carry out tn
objects and purposes above set forth
ARTICLE III.
The capital stock of said corpora
ton shall be FIFTY Thousand ($5O,
0OO) Dollars, divided into and rep
resented by five hundred 600
shares of the par value Of One Hun
dred ($l00) Dollars each, which sai'
stock may be paid for in cash, O.
the same may DO issued at not les
Iva, ahn 70
property or rights actually received
or purchased by said corporation, O.
the same may be issued, full paid
for money advanced, and for sucl
other valuable consideration or scr
vices as the Board Of Directors 0
said corporation may determine.
The capital stock Of said corpora
ton may be increased to sum no
to exceed Two Hundred and Fift
Thousand ($250, O00) Dollars, at tn
pleasure Of the Board OF Directors
in which event, during the perio'
between the call Of the meeting TO
the purpose Of increasing the capita
stock and the meeting, the person
holding stock at the time shall hav
the right to take shares Of the addi
tional or increased stock proportion
ate to the number Of shares ownet
by them, and any shares not take'
at the expiration Of such period ma,
be disposed Of By the Board Of Direc
tors for the benefit Of the stockhold
ers at not less than par value.
Any stockholder may sell, assigl
or transfer his stock in this corpora
ton, provided thirty (30) days prio
notice OF such intention to SELL as
sign Or transfer the same be giveI
the company, and the other stock
holders thereof shall have first priv
lege Of purchasing same, after Whic
thirty 600 days notice the sal
stock may be sold in open market.
The capital stock Of this corpora
ton shall be worcestershire, and ma
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