The herald. [volume] (New Orleans, La.) 1905-1953, 1922-07-06
CHARTER OF
PRODUCERS SALES Co, INC.

United States of America. State Of
Louisiana. Parish of Orleans. City OF
New Orleans. BE 1t 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 Z. Dart, Jr.. n 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 ap-
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
10 the formation OF corporations. they
have covenanted and agreed. and by these
presents do covenant and bind them
selves. well such other presOns
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 nam. and title of
this corporation shall be Producers Sales
porate name it shall have full power and
authority to have and enjoy existence
and succession for period OF ninety
nine years from and after the date
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 OF the
corporation may require. and to make
and establish such bylaws and regula-
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 at pleasure.
ARTICLE III. The domicile of this cor
pOration shall be in the city OF New
Orleans. parish of Orleans, state Of Lou
isiana, and all citations and other legal
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: To
buy and sell, for the purpose Of export
naval stores, spirits turpentine, rosin.
rosin oil, crude gum. tar, batting dross.
and all other naval stores products, and
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
business operations. may own, lease,
operate and maintain tank cars. rail-
steamboats, and other watercraft; and.
when necessary or incidental in the
course Of its business, may acquire. own.
lease, sell and dispose OF all kinds or
money and secure the same by mort
gage, pledge or other security; and do
a general factorage business, and man!
ufacture turpentine and rosin and all
other products that may be extracted
from pine timber: to buy and sell lum-
Der and timber Of all kinds for export
and otherwise; to operate saw mills
planning mills, ETC., for the purpose OF
90 or, al INN har A.
ucts from pine or hardwood timber; to
appoint managers. officers. agents and
employees In the state Of Louisiana and
other states and foreign countries, as its
interests may require; to do and per-
form all other things requisite, neces-
sary and convenient to enable 1t to carry
cut the objects and purposes above set
forth.
this corporation is hereby fixed at the
sum Of Twenty-Five Thousand Dollars
1895, OO0.O0). divided into and represented
by two hundred and nifty. shares Of
Of the pa value O. One s,daT
be issued full paid and worcestershire,
for cash or property. real or personal.
or for services rendered. Any increase
issued for cash or the acquisition of
property, similar businesses or other
rights to be acquired by the corporation,
or for services rendered and labor per-
formed.
Transfers Of the capital stock Of this
corporation shall be made only on the
books Of the corporation, by the regis
tered owner thereof, in person or through
his agent.
ARTICLE V. All Of the corporate
powers vested by law or this charter
in corporations shall be exercised by the
Board Of Directors of this corporation,
including the right to manage, control
and direct the affairs Of the corporation
the corporate policy, and to sell the cor
poration or merge the same into another
corporation, and to take in payments OF
any such sale or merger, cash. bonds,
notes or stock Of the purchasing or
merging corporation, or Of new cor
poration. created for the purpose, without
the necessity Of referring either or any
of said acts to the stockholders.
The boarG OF Directors OF this cor
poration shall be composed Of FIVE stock
holders, who shall be elected annually,
on the first day Of April Of each year.
The first Board Of Directors of this cor
poration shall be composed Of Daniel j.
Gay, Robert r. Long, Henry s. Turner,
BENJAMIN w. Dart and Edward c. Gay,