St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1921-06-11

carried on by il, are declared to be
the following, to-wit:
To buy and sell, for4-tha- purpose
of export and otherwise, and general
ly to deal in naval stores, spirits
turpentine, rosn, rosin Oil, crude
gum, tar, batting~dross, and all other
naval stores prDducts, and lubricat-
ng, lighting, fuel and food oils, and
for this purpose tc own, lease, oper-
ate and maintain stores, stOrehOuses,
yards and warehouses; and, in aid OF
it's business operations, may OWL,
lease, operate and maintain tank
cars, railroads, wharves, tramways.
landings, steamboats, and other Watcc
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 he 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 or hardwood timber;
to appoint managers, officers, agents
and employees in the State of Louisl-
ana and other states land foreign
countries, as its interests may re-
quire; to do and perform all other
things requisite, necessary or con
venient to enable it to carry out the
objects and purposes above set forth.
ARTICLE III.
The capital stock of said corpora
tion shall be FIFTY Thousand ($oO,-
OOO) Dollars, divided into and rep
resented by five hundred (500)
shares of the par value Of One Hun
dred ($1OO) Dollars each, which said
stock may be paid for in cash, or
| the same may be issued at not less
| than par in payment or exchange Tor
property or rights actually received
| or purchased by said corporation, Or
| the same may be issued, full paid,
for money advanced, and for such
other valuable consideration or SER
vices as the Board of Directors of
said corporation may determine.
The capital STOCK Of said corpora
| tion may be increased to sum not
| to exceed Two Hundred and Fifty
Thousand ($250,000) Dollars, at the
pleasure of the Board OF Directors,
n which event, during the period
between the call of the meeting for
the purpose of increasing the capital
stock and the meeting, the persons
! holding stock at the time shall have
| the right to take shares of the addi-
tional or increased stock proportion
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 stockholder may sell, assign
or transfer his stock in this corpora
tion, 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 privs-
| lege of purchasing same, after which
thirty 600 days notice the said
stock may be sold in open market.
The capital stock of this corpora
tion shall be nonassessabe, and may
be transferred under tie above con-
| EDITIONS. provided such transfer there
of be made on the books of said com
CONTINUED on page 50
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