The herald., 1922-06-22
CHARTER OF

Deputy Recorder
May 25-June 90.
CHARTER OF
PRODUCERS SALES CO., INC.
United States of America. State of
Louisiana. Parish of Orleans, City Of
New Orleans BE il known that on this
9th day of the month of May, in the
year of our Lord, one thousand nine hun
dred and twenty-five, and of the indie
pendence of the United States of America.
the one hundred and forty sixth, before
me. Henry L. Dart, Jr., 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 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 as such other persons
as may hereafter become associated with
them, to form and constitute corpor-
alton and body polite in law under the
stipulations and agreements following,
which they adopt as their charter:
ARTICLE /. The name and title OF
this corporation shall be Producers Sales
Company, Inc, and under its said cor
porate name il 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
hereof; TO contract, sue and be sued
to make and use a corporate seal, and
the same to 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 or the
r1aar
and establish such bylaws and regula-
tons 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 domcile Of this cor
poraton shall be in the city of New
Orleans, parish of Orleans, state OF Lou
isiana, and all citations and other lega
process shall be 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: II
buy and sell. for the purpose of expor
and otherwise, and generally to deal IL
naval stores, spirits turpentine, rosin
rosin oil, crude gum, tar, batting dross
and all other naval stores products, ant
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 il
! 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 tn
course of its business, may acquire, own
lease, sell and dispose Of all kinds o
real estate; and may loan and borrow
gage, pledge or other security; and d.
general factorage business, and man
ufacture turpentine and rosin and al
other products that may be extracted
Der and timber of all kinds for expor
! and otherwise; to operate saw mills
planning mills, etc, for the purpose o
manufacturing lumber and other prod
| ucts from pine or hardwood timber; {
appoint managers, officers. agents an
employees in the state of Louisiana an
| other states and foreign countries, as 1t
interests may require; to do and per
| form all other things requisite, neces
sary and convenient to enable it to carr
cut 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
Cs25. 900. OO). divided into and represents
by two hundred and nifty shares o
stock, Of the par value Of One Hundre
Dollars Cs100.00) each. Said stock ma
| he issued full paid and non assessabl'
1
or for services rendered. Any increas
Of capital stock hereafter made may b
| issued for cash or the acquisition Q
property, similar businesses or othe
rights to be acquired by the corporation
or for services rendered and labor pei
| formed.
Transfers of the capital stock of thi
! corporation shall be made only on tn
books of the corporation, by the regis
tered owner thereof, in person or throug
his agent.
ARTICLE V. All of the corporal
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
and direct the affairs of the corporation
the corporate policy, and to sell the col
poration or merge the same into anothe
corporation, and TO take in payments {
notes or stock of the purchasing G
merging corporation, or of new col
poration, created for the purpose, withou
the necessity of referring either or an
of said acts to the stockholders.
The Board of Director. OF this col
| poration shall be composed of five stool
holders, who shall be elected annual!
on the first day of April of each yea
The first Board of Directors Of this col
poration shall be composed Of Daniel
Benjamin w. Dart and Edward c. Ga,
who shall hold office until the next al
nual election on the first day or Apri
1923, or until their successors have bee
elected, with Daniel J. Gay as Presiden
Robert r. Long as Vice-President, Henri
s. Turner as Secretary Treasurer. tt
election of the Board Of Directors sha
be preceded by three days notice to Il
stockholders. delivered in person or sci
by mail to the address given in the GU
rent city directory, unless the adore:
Of such stakeholder shall have been REF
istered with the Secretary, and in d.
fault of either, care Of General Deliver
; New Orleans, La. The election shall
held at the office Of the corporation
such hour as may be fixed by the II
cumbent Board Of Directors and und'
the supervision of three 90 commi
sioners appointed by the same. At sue
, election each stakeholder shall be entitle