The herald. [volume] (New Orleans, La.) 1905-1953, 1922-02-02
CHARTER.


it's corporate powers, subject TO such re-
strictions as may be named in this char
ter And il generally shall nave ana pos
| sess all the powers. rights, privileges
and immunities which corporations are
and may hereafter be aWhorized to have
and possess under the Constitution and
the laws of this State, and particularly
under Act No. 267 of the Acts OF the Ten
eral Assembly of the State OF Louisiana
for the year 1914, and the amendments
thereto.
ARTICLE 1.-THE domicile of this cor
pOration shall be the City of New Or
leans Parish of Orleans, state OF Lou
isiana, and all citations or other legal
process shall be served upon the PreSl-
dent of this corporation. or In case OF
his absence upon a Nice-President, or
in the absence of all of these officers, upon
the secretary Of the corporation.
ARTICLE III-The objects and pur-
poses for which this corporation is formed
and the nature of the business TO be car
ried on by it are hereby declared TO be:
Section /. To manufacture. produce
extract reduce, market, buy, sell, import
export and generally deal and trade III
or with either for its own account or rs
agents of others, either at wholesale OF
retail all kinds of real and personal prop
ertv and particularly tar, oil, turpentine.
pine oil. rosin. rOSin oil, compounds ana
other naval stores and by-prOducts, char-
coal wood, timber, wood pulp, straw
board and other fibre; any and all KINDS
of papcr and any and all ingredients.
products and compounds of any of the
foregoing substances or materials ana
any and all machinery, materials ana aru-
cles that may be now or hereafter used
or acquired in or in connection WIN the
manufacture or handling thereon.
/ Section >. To acquire. rent, construct,
/ equip. improve, operate, manage, WORK
| and develop woodlands. wood, timber,
trees. factories, kiln reduction, plants
shops. mills. camps. stores, depots, sell
ing agencies and all necessary real eS-
tate buildings. structures. machinery
tools. implements and appliances neceS-
/ s,rv and proper for the manufacture,
production. disposition and sale of any
of said articles
/ Section g. To apply for, purchase or
otherwise acquire and use, operate, sell
assign transfer and otherwise dispose OF
processes. formulas, patents, licenses ana
I other rights i'm any and all inventions OF
I improvements, whether secured or NOT
/ under letters patent. domestic or foreign
Section 1. To survey, Subdlvlde, ana
plat lands for the purpose Of lease oi
/ sale, and to improve and develop the same
by the erection Of houses or bulldlhs'
thereon. and to do such other lawful act,
as may be needful or desirable IN ana
about the Improvement and development
/ thereof for any purpose; to plant grow
and cultivate all kinds of fruits, plant,
and vegetables; to raise, buy, sell ahG
deal in horses mules, cattle, live stocb
and poultry of all kinds. and generally
10 engage in the business of IA planter
Section = To construct purchase, leaS'
or otherwise acquire and own MAINTAIN
and operate. steamboats,. salling Nessels
barges and other water craft. piers, docks
vharyes and such lines of tramway OF
railway as NAV be convenient. necessary
or incidental to any business or enter
prise of the corporation. with all neces
: sary side-tracks. locomotives. cars, depots
I round houses and other equipment heces
sary to the operation of said vessels
| nierS docks,> wharveS. tramwayS or ran
ways and the traffic thereon; provided
that this CORPORATION shall not. without
an amendment of this charter. be com
mon carrier or have the right TO eXercls
the power of eminent domain.
Section 6. To enter into. make, per
form and carry out contracts OF ever.
kind not contrary to law. with any per
son. firm. association or corporation AM
generally to carry on any other Duslnes
which under the law ii may be entitled
to carry on. which may seem to the cor
poration to be calculated, directly or III
/ directly. to effect the aforesaid object
land nnrposes. or either Of them, or {
facilitate il in the transaction OF IL
| aforesaid business or businesses or an
part thereof. or in the transaction or an
other lawful business that may De calcu
lated. directly or indirectly, 10 enhahc
the value of or to render prohtaDle an
of the corporations property and right,
and generally to hold and exercise al
, such incidental powers and privileges an
to do and perform all things as relat
, to the objects and purposes herelnaoo'
set forth or as may be needtui, hecessar!
proper useful or convenient for enectih
, said objects and purposes. or either o
them.
ARTICLE Iv-The authorized capita
stock of this corporation Is hereby hNe'
, at and declared TO be the sum OF Seventy
CAPITAL stock may be increased In IN
, manner provided by law to the sum
Two Hundred Fifty Thousand Dollar
$3.50 OOOOO).
The presently authorized capital stocl
of this corporation shall consist OF sew
enty-fye hundred shares CI5OOl OF tn
mar value of Ten Dollars $4,000 each
IL shall be represented by certincate, snai
be full paid and non assessable whei
issued shall be ISSUED only for labo
done or for property actually received
or for cash to be paid at such times am
in such amounts and after such motto
as may be determined by the Board
Directors, and shall be personal prop
erty. No transfer of said capital stocl
shall be binding upon this corporation
unless made in accordance with its char
ter and bylaws, and recorded on IN
books thereof.
, ARTICLE v-All the corporate power
) of this corporation shall be vested In an
, exercised by a board of not less tina
, five (5) and not more than eleven III
: directors each of whom shall hold in hi
own name at least one share of the stoc
of This corporation. Said Board of ID
, rectors shall he elected annually on IN
second Tuesday in January or each yea
beginning with 1922. unless such "a
/ should fall on a legal holiday; ana i
: that event on the next succeeding IA
which is not a legal holiday. All sue
! elections shall be by ballot at the ofhc
| of this corporation under the superVlslo
: of three commissioners to be appolnte
? nv the Board of Directors. and in IN
absence of any commissioner the pres
dent shall Rave the power to fill the plac
nv appointment OF all such elections. a
well as of all meetings OF stockholder'
. except for the purpose of liquidation Q
! dissolution or as otherwise required
law. fifteen days notice shall be give
, bv mailing to each stakeholder who az
! pears as such on the books of this col
! poration at his last designated address
or care of general delivery at New o.
; leans If he has not designated an azores
a notice stating the time and place OF IN
, meeting. Each stakeholder shall be eI
\ titled to one vote for each snare OF stoc
! standing in his name on the books {
this corporation. to be cast In person
nv proxy. and a majority Of the vote
cast shall elect; and the stockholdef
shall elect at such meeting any numbe
of directors as they see fit within IN
, limits fixed by this charter. Failure !
1 elect directors on the day above specific