The herald., 1922-01-26
CHARTER.

| Ii may make, issue and endorse bOnd'
or notes and other evidences of debt.
may accept mortgages, pledges or othel
| forms of security for money loaned oil
! other debts. 1t may contract, sue anC
/ be sued, plead or be implicated by it.
corporate name in any court of compe
| tent jurisdiction. 1t may make, adopt
and use a corporate seal and alter and
break the same at pleasure. Ii may hold
stock in other corporations. and its cap
ital stock may be issued for capital stock
of other corporations. 1t may name, ap
point and employ such manager, Gircc-
tors, officers, agents and other employees
as its interests. business and convenience
may require, and may fix their compen-
satiOn, having due regard for the nature
character and value of their services. 1t
may make and establish bylaws, rules
and regulations not inconsistent with TIL s
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 certihcatiOn
and registration of its stock. 1t may
wind up and dissolve itself, or be wound
up and dissolved in any manner pre-
scribCd by law. 1t may conduct business
in this State. other States. the Federal
Districts. the Territories and possessions
of the United States and any foreign
country. 1t shall have the power TO in
vest its Board of Directors with all %
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 he authorized To have
and possess under the Constitution and
the laws of this State. and particularly
under Act No. 261 of the Acts of the Gen
eral Assembly of the State of Louisiana
for the year 1914. and the amendments
thereto.
ARTICLE 1.-THE domiCie 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 PreSi-
dent of this corporation, or in case of
his absence, upon Vice 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 in
or with either for its own account or sS
agents of others, either at wholesale or
retail. all kinds of real and personal prop
erty and particularly tar. oil. turpentine.
pine oil, rosin, roSin oil, compounds and
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 the
foregoing substances or materials and
any and all machinery, materials and arti-
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-
tate buildings, structures. machinery,
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 or
otherwise acquire and use. operate, sell, |
assign. transfer and otherwise dispose of. !
processes, formulas, patents, licenses and
other rights in any and all inventions or
whether secured or not, |
under letters patent. domestic or foreign. |
Section 4. To survey, subdivide, and |
plat lands for the purpose of lease or
sale, and to improve and develop the same /
by the erection Of houses or buildings |
thereon, and to do such other lawful acts |
rs may be needful or desirable in and |
about the improvement and development !
thereof for any purpose; to plant. grow |
and cultivate all kinds of fruits. plants |
and vegetables; to raise, buy, sell and |
ieal in horses. mules. cattle, live stock |
md poultry of all kinds. and generally |
% engage in the business of n planter.
Section >. To construct, purchase, lease
,r otherwise acquire and own. maintain
ind operate. steamboats,. sailing vessels.
Iarges and other water craft. piers docks,
vharves and such lines of tramway or
'ailway as may be convenient. necessary
'r incidental to any business or enter
rise Of the corporation, with all neces-
AIRY sidetracks. locomotives. cars. depots.
ound houses and other equipment neces-
airy to the operation of said vessels. |
'iers. docks wharves, tramways or rail
Ways and the traffic thereon: provided
hat this corporation shall not. without
N amendment of this charter. be COM
non carrier or have the right to exercise
he power of eminent domain. Il
Section g. To enter into make. per-
orm and carry out contracts of every
ind not contrary to law, with any per-
on, firm, association or corporation. and
to carry on any other business
which under the law il may be entitled
o carry on, which may seem to the cor
Grafton to be calculated. directly or in
irectly, to effect the aforesaid objects
nd purposes, or either of them, or to
acilitate IL in the transaction of its
foresaid business or businesses or any
art thereof. or in the transaction of any
Their lawful business that may be calcu-
lted, directly or indirectly, to enhance
he value of or to render profitable any ,
the corporations property and rights,
nd generally to hold and exercise all .
uch incidental powers and privileges and
0 do and perform all things as relate ,
0 the objects and purposes hereinabove
ct forth or as may be needful. necessary, ,
roper, useful or convenient for effecting
aid objects and purposes or either of ,
hem.
ARTICLE IV-The authorized capital :
took of this corporation is hereby fixed
and declared to be the sum of Seventy
We Thousand Dollars (S75,O00OO) which !
apital stock may be increased in the /,
tanner provided by law to the sum of ,
,wo Hundred Fifty Thousand Dollars
$3.50 OO0OO). :
The presently authorized capital stock
this corporation shall consist of sew
nty-hve hundred shares C150O) of the
ar value of Ten Dollars $4,000 each
shall be represented by certificate, shall q
e full paid and non assessable when :
sued, shall be issued only for labor :
one or for property actually received =
: for cash to be paid at such times and :
such amounts and after such notice
, may be determined by the Board of =
frectors, and shall be personal prop.
". No transfer of said capital stock
lall be binding upon this corporation
Hess made in accordance with its char
r and bylaws, and recorded on the T
,oks thereof.
ARTICLE V-All the corporate powers e
this corporation shall be vested in and
ercised by a board of not less than
re (o) and not more than eleven UD {,
rectors, each of whom shall hold in his q
vn name at least one share of the stock a