The herald. [volume] (New Orleans, La.) 1905-1953, 1922-06-29

,
New Orleans, April 20. 1922.
ROBT. SCOTT,
Deputy Recorder.
May 25-June 20.
CHARTER OF
PRODUCERS SALES CO., INC.
United States of America, State o.
Louisiana, Parish of Orleans, City OF
New Orleans. BE il known that on this
18th day of the month Of May, in th'
year of our Lord, one thousand nine hun.
dred and twenty-five, and of the indie
pendence of the United States Of America
the one hundred and fOrty-s sixth, before
me, Henry p. Dart, Jr,, a Notary Public
duly commissioned and qualified in and
for this city and the parish of Orleans
| therein residing, and in the presence OF
the witnesses hereinafter named and
| undersigned, personally came and ap-
are hereuntO subscribed, who declared
| that. ayailing themselves of the provi-
sions Of the laws of this state relative
| to the formation of corporations, they
have covenanted and agreed, and by these
presents do covenant and bind them
| selves, as well as such other persons
as may hereafter become associated with
| them, to form and constitute a corpor-
! alton and body polite in law under the
! stipulatiOns and agreements following
which they adopt as their charter:
ARTICLE l. The name and title Of
| this corporation shall be Producers Sales
Company, Inc, and under its said cor
porate name IL shall have full power and
authority to have and enjoy existence
and succession for a period Of ninety
nine years from and after the date
hereof; to contract, sue and be sued ::
TO make and use a corporate seal, and
the same to break and alter at pleasure;
to hold, receive. lease, purchase and con-
yey, as well as mortgage, pledge and
hypothecate property, both real and per-
sonal; to name and appoint such officers
directors, managers. agents, clerks and
other employees as the interest OF the
corporation may require, and to make
and establish such bylaws and regula-
tions for the proper management, con-
duct and regulation of the affairs Of the
corporation that may be requisite and
proper, and the same to change, alter
and amend at pleasure
ARTICLE ii. The domicile Of this cor
poration shall be in the city of New
Orleans. parish of Orleans, state OF Lou
isiana, and all citations and other legal
process shall be served upon the Presi-
dent, or, in his absence, upon the Vice
President or Secretary.
ARTICLE III. The objects and pur-
poses for which this corporation is estab
buy and sell, for the purpose Of export
and otherwise, and generally to deal in
naval stores, spirits turpentine. rosin,
rosin oil, crude gum, tar, batting dross.
lubricating, lighting. fuel and food oils,
and for this purpose to own lease
operate and maintain stores. storehouses
yards and warehouses; and, in aid Of its
operate and maintain tank cars, rail-
roads, wharves, tramways landings
steamboats, and other watercraft; and.
when necessary or incidental 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 mort
gage, pledge or other security; and do
a general factorage business, and man
ufacture turpentine and r0sin and all
other products that may be extracted
from pine timber: to buy and sell lum-
Der and timber of all kinds for export |
and otherwise; to operate saw mills. ]
planning mills, etc, for the purpose of |
lumber and other prod |
ucts from pine or hardwood timber; to
employees In the state of Louisiana and |
other states and foreign countries. as its
interests may require: to do and per-
sary and convenient to enable it to carry
cut the objects and purposes above set |
forth.
ARTICLE ". The capital stock OF
this corporation is hereby fixed at the
sum Of Twenty-Five Thousand Dollars
ts25, 100000, divided into and represented
by two hundred and nifty shares of
stock, Of the par value of One Hundred
Dollars Cs100.00) each. Said stock may
be issued full paid and on-assessable
Or for services rendered. Any increase
If capital stock hereafter made may be
ssued for cash or the acquisition OF
property, similar businesses or other
lights to be acquired by the corporation,
'r for services rendered and labor per.
ormed.
Transfers of the capital stock of this
corporation shall be made only on the
BOOKS of the corporation, by the regis
cred owner thereof, in person or through
lis agent.
ARTICLE v. All Of the corporate
lowers vested by law or this charter
Board Of Directors of this corporation,
the right to manage, control
nd direct the affairs of the corporation,
he corporate policy; and to sell the cor
orporation, and to take in payments of ;
ny such sale or merger, cash. bonds, l
otes or stock Of the purchasing or
Merging corporation, or Of new cor |
he necessity Of referring either or any
said acts to the stockholders.
The Board Of Directors or this cor s
grafton shall be composed Of five stock q
n the first day Of April Of each year. :
he first Board of Directors of this cor !
Grafton shall be composed Of Daniel J. =
ay; Robert r; Long, Henry s. Turner, =
no shall hold office until the next an q
ual election on the first day of April. $
'23, or until their successors have been
ected, with Daniel J. Gay as President. {
ebert r. Long as Vice-President Henry i
Turner as Secretary Treasurer. The {
ection OF the Board Of Directors shall Z
= preceded by three days notice to the 9
ockholders. delivered in person or sent s
= mail to the address given in the cur n
mt city directory, unless the address =
such stakeholder shall have been reg
tered with the Secretary, and in de-
ult Of either, care Of General Delivery d
ew Orleans, La. The election shall be y
I'D at the office Of the corporation at s.
lch hour as may be fixed by the in n
lmbent Board Of Directors and under p
e supervision of three 90 conmis- c.
opers appointed by the same. At such m
ection each stakeholder shall be entitled o.