The herald. [volume] (New Orleans, La.) 1905-1953, 1922-06-15
CHARTER OF
PRODUCERS SALES CO., INC.

CHARTER OF
! PRODUCERS SALES CO., INC.
! United States of America. State of
| Louisiana. Parish of Orleans City of
/ New, Orleans. lie it known that on this
18th day of the month of May. in the
year of our Lord, one thousand nine hun
/ bred and twenty-five. and Of the indie
| pendcnce of the United States of America,
/ the one hundred and forty sixth, before
me. Henry l.. 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-
| peared the several persons whose names
are hereunto subscribed, who declared
/ that availing 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 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 it 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
to make and use corporate seal, and
the same 10 break and alter at pleasure:
to hold. receive. lease, purchase and con
vey, 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 III. 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 he 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-
! lished are hereby declared to be: To
| 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,
and all other naval stores products, and
| 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
: business operations. may own, lease.
| 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
ufacture turpentine and rosin and all
| other products that may be extracted
| from pine timber: to buy and sell lum-
| Der and timber of all kinds for export
/ nNI ~s=as 20 lie
! planning mills, etc, for the purpose of
manufacturing lumber and other prod
| ucts from pine or, hardwood timber; to
| appoint managers. officers, agents and
| employees in the state of Louisiana and
| other states and foreign countries. as its
! interests may require; to do and per-
| form all other things requisite, neceS-
| sary and convenient to enable ii 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
| 1895. 100000. divided into and represented
by two hundred and nifty shares Of
| stock. of the par value of One Hundred
Dollars (s1O0.00) each. Said stock may
he issued full paid and worcestershire,
or for services rendered. Any increase
of capital stock hereafter made may be
issued for cash or the acquisition of
property. similar businesses or other
/
| or for services rendered and labor per.
| formed.
Transfers of the capital stock OF this
! corporation shall be made only on the
| tered owner thereof, in person or through
| his agent.
| ARTICLE V All of the corporate
| powers vested by law or this charter
| in corporations shall be exercised by the
| Board Of Directors of this corporation,
| control
and direct the affairs of the corporation.
the corporate policy. and to sell the cor
| pOratiOn or merge the same into another
| corporation, and TO take in payments of
any such sale or merger, cash. bonds,
] notes or stock of the purchasing or
| merging corporation, or of new cor
poration. created for the purpose without
the necessity of referring either or any
| of said acts to the stockholders.
The Board of Directors of this cor
pOration shall be composed of five stock
| holders who shall be elected annually,
| on the first day Of April Of each year.
| pOratiOn shall be composed of Daniel ].
| Gay. Robert r. Long, Henry s. Turner,
| Benjamin W. Dart and Edward c. Gay,
| who shall hold 'Office until the next an
nuaI election on the first day of April,
| 1923. or until their successors have been
| elected, with Daniel J. Gay as President,
Robert r. Long as Vice-President, Henry
| S. Turner as Secretary Treasurer. The
| election of the Board of Directors shall
be preceded by three days notice to the
stockholders. delivered in person or sent
by mail to the address given in the cur
rent city directory, unless the address
! of such stakeholder shall have been reg
istered with the Secretary, and in de-
fault of either. care of General Delivery,
| New Orleans La. The election shall be
held at the office of the corporation at
such hour as may be fixed by the in
cumbent Board of Directors and under
| the supervision of three (3) commits
| siOners appointed by the same. At such
election each stakeholder shall be entitled