The herald., 1922-06-08
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. he il known that on this
21Ih day of tn" month of May. IN the
yelr of our Lord. one thousand nine hun
dred and twenty two. and OF the indie
prnd-nce of the United States Of America,
the one hundred aud 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 APP
peared the several persons whose names
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 such other persons
rs 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 a. their charter:
ARTICLE l. The name and title Of
this corporation shall he 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 period or ninety
nine years from and after the date
to make and use corporate seal. and
the same to break and alter at pleasure;
to hold. receive. lease, purchase and con
vey. as we'll as mortgage. pledge and
hypothecate property. both real and per
.onal: To name and appoint such ofncerS.
directors, managers, agents. clerks ana
other employees as the interest OF the
! corporation may require. and to make
! and establish such bylaws and regnla-
! 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 AZ pleasure.
| ARTICLE IL The domicile of this cor
| poratiOn shall be in the city OF New
| Orleans. parish of Orleans. state Of Lon
] isiana and all citations and other legal
dent or, in his absence. upon the Vice
President or Secretary.
ARTICLE III. The objects and pur-
poses for which this corporation is esta5-
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
! 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. wharycS, tramwayS. landings
steamboats, and other watercraft; and
when necessary or incidental in tho
course of its 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 dc
a general factOrage business. and man
ufacture turpentine and rOsin and al
other products that may be extracted
; from pine timber: to buy and sell lum
Der and timber of all kinds for eNpor
and otherwise; to operate saw mills
planning mills, etc. for the purpose o
manufacturing lumber and other prod
ucts from pine or hardwood timber: e
appoint managers, officers. agents anC
employees in the state of Louisiana anC
other states and foreign countries, as il
interests may require; to do and per
form all other things requisite. neces
sary and convenient to enable il to carr!
ont the objects and purposes above Sc
forth.
ARTICLE ". The capital stock o
this corporation is hereby fixed at tn
> sum Of Twenty-Five Thousand Dollar
) 1926. OO0OOl. divided into and represented
by two hundred and nifty shares o
. stock. of the par value Of One Hundre'
: Dollars CslOO.OO) each. Said stock ma!
he issued full paid and non asseSsablf
for cash or property. real or personal
; or for services rendered. Any increas
of capital stock hereafter made may b
= property. similar businesses or othe
rights to he acquired by the corporation
or for services rendered and labor per
$ formed.
Transfers Of the capital stock of thi
] corporation shall be made only on tn
. books of the corporation. by the regis
r tered owner thereof in person or throug
r his agent.
ARTICLE V. All of the corporal
u powers vested by law or this charte
in corporations shall be exercised by tn
Board of Directors of this corporation
= including the right to manage. contrC
T | and direct the affairs of the corporation
I the corporate policy; and to sell the COZ
4 pOratOn or merge the same into anothe
y corporation. and to take in payments {
n any such sale or merger, cash. bond
Y notes or stock of the purchasing q
= | merging corporation. or of new col
h poration. created for the purpose. withou
h the necessity of referring either or an
i of said acts to the stockholders.
a The Board of Directors of this col
y poratiOn shall be composed of five stool
q holders. who shall be elected ANNUALLY
u on the first day of April of each yea
, The first Board of Directors of this col
/ poratiOn shall be composed of Daniel
Gay. Robert Il. Long, Henry S. Turne
e benjamin W. Dart and Edward {. Ga
~ who shall hold office until the next al
= nual election on the first day of Apr
II 1928 or until their successors have bee
II elected. with Daniel ]. Gay as Presiden
u Robert II. Long as Vice-President, Hem
y :. Turner as Secretary Treasurer. I'll
5 election of the Board of Directors shs
s. he preceded by three days notice to Il
4, stockholders. delivered in person or sci
n by mail to the address given in the Gu
P rent city directory, unless the adore
N of such stakeholder shall have been re-
iStered with the Secretary, and in d
r fault of either. care of General Deliver
Of New Orleans. La. The election shall
rs held at the office of the corporation
4 such hour as may be fixed by the 4
10 cumbent Board of Directors and und
< the supervision of three 81 cOmmi
pr Sioners appointed by the same. At SUE
he election each stakeholder shall be entitl'