The herald. [volume] (New Orleans, La.) 1905-1953, 1922-01-19
CHARTER.

1t may make, issue and endorse bonds |
or notes and other evidences of debt. 1t |
may accept mortgages, pledges or other /
forms of security for money loaned or |
other debts 1t may contract. sue and |
be sued, plead or be implicated by its |
corporate name in any court of compe- !
tent jurisdiction. 1t may make, adopt /
and use corporate seal and alter and
break the same at pleasure 1t may hold |
stock in other corporations. and its cap |
ital stock may be issued for capital stock |
of other corporations. 1t may name, APP |
point and employ such manager, direc-
tors. officers. agents and other employees
as its Interest,". business and convenience
may require. and may fix their cOmpen
satiOn, having due regard for the nature.
character and value of their services. Ii
may make and establish bylaws, rules
and regulations not Inconsistent with inns
charter or any existing law, fixing or al
tering the management of Its property.
the regulation and government of its af'
fairs, and the manner of the certlhcatlon
and registration of its stock. 1t may
wind up and dissolve itself, or be wound
up and dissolved in any manner pre-
scribed by law. Ii may conduct business
in this State. other States, the Federal
Districts. the Territories and possessions
of the United States and any foreign
country II shall have the power to in
vest its Board Of Directors with all OF
its corporate powers, subject To such re
strictions as may he named In this char
ter. And it generally shall have and pos
sess all the powers. rights, privileges
and immunities which corporations are
and may hereafter be authorized to have
and possess under the Constitution and
the laws Of this State, and particularly
under Act No. 267 of the Acts of the Gen
| 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. ana all citations or other legal
| process shall be served upon the Presl-
| dent of this corporation. or in case or
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
red 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 aS
! agents of others, either at wholesale or
/ retail. all kinds of real and personal prop.
! erty and particularly tar, oil, turpentlne,
| 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 paper and any and all ingredients
products and compounds of any OF tht
foregoing substances or materials ana
any and all machinery, materials and artl,
cles that may be now or hereafter used
| or acquired in or in connection with the
manufacture or handling thereof
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-
sfrnP
| tools implements and appliances neceS
sary and proper for the manufacture
production. disposition and sale OF any
of said articles.
Section 3. To apply for, purchase OF
otherwise acquire and use, operate, sell
assign, transfer and otherwise dispose oil
processes. formulas, patents. licenses ant
| other rights in any and all inventions o.
| improvements, whether secured or nor
under letters patent. domestic or foreign
Section 4. To survey, subdivide an'
| Mat lands for the purpose Of lease o
sale, and to improve and develop the sam
by the erection of houses or building
thereon, and to do such other lawful act
| as may be needful or desirable IN AM
| about the improvement ana deNelOpheh
thereof for any purpose; 10 piaht' gro,
and cultivate all kinds of fruits. plant
and vegetables to raise, buy, sell an
deal in horses. mules. cattle, live stOc
and poultry of all kinds, ana generall
TO engage in the business OF planter
Section :. To construct. purchase, leas
or otherwise acquire and own. maintal
and operate, steamboats,. sailing vessels
barges and other water craft, piers docks
wharyes and such lines OF tramway o
| railway as may be convenient, necessar
or incidental to any business or enter
prise of the corporation. with all nece'
sary side-tracks, locomotives. ears, depot
round houses and other equipment nece'
sary to the operation of SAID NesSei
piers. docks, wharves, tramways or ran
WAYS and the traffic thereon; provide
that this corporation shall NOT, withou
an amendment of this charter be con
mon carrier or have the right to eXercls
the power of eminent domain
Section 6. To enter into. make, PEE
form and carry out contracts OF ever
kind not contrary to law, with any pc
son. firm, association or corporation an
| generally to carry on any other pushes
| which under the law il may be entitle
! to carry on, which may seem 10 the COZ
Iporation to be calculated, directly or IL
directly, to effect the aforesaid objec,
| and purposes. or either or them, OF
facilitate it in the transaction OF i
| aforesaid business or businesses or al
| mart thereof or in the transaction OF an
| other lawful business that may be calc'
\ lated, directly or Indirectly, 10 enhah'
the value of or to render prohtabie al
of the corporations property and rlght
and generally to hold and exercise .
such Incidental powers and privileges al
| TO do and perform all things as rela
i to the objects and purposes herelhano
] set forth or as may be needfui necessar
proper useful or convenient for enectli
said objects and purposes, or elther
them.
ARTICLE IV-The authorized capt
stock of this corporation Is hereby hN'
at and declared to be the sum OF Sevent
five Thousand Dollars (S15,OO0.OO) VIM
capital stock may be increased in I
manner provided by law TO the sum
Two Hundred Fifty Thousand Doiia
= $3.50, 100000. - =
The presently authorized capital sto
of this CORPORATION shall consist OF Sc
enty-fye hundred shares (I5OOl OF I
mar value of Ten Dollars $4,000 eac
IL shall be represented by certihcate sh'
4 be full paid and non assessa6ie wh
4 issued shall be issued only Tor laD
done or for property actually receive
or for cash to be paid at such times a
in such amounts and after such hotl
as may be determined by the Board
Directors, and shall be personal Pre-
erty. No transfer of said capital sto
shall be binding upon this corporati
unless made i'm accordance with its en-;
ter and bylaws, and recorded on !
books thereof.
ARTICLE v-All the corporate pow
of this corporation shall be vested IN a
exercised by board of not less IN
five (5) and not more than eleven \
. directors each of whom shall hold In
own name at least one share OF the s''