The herald., 1922-01-05
CHARTER.
and the nature of the business 70 he car
riel by IL

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 ana all machinery, materials and arti-
Giles 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 cs-
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
improvements, whether secured or not
under letters patent. domestic or foreign
Section I. 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
as 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; 10 raise, buy, sell and
deal in horses. mules, cattle, live stock
and poultry of all kinds, and generally
10 engage in the business of planter.
Section ,. To construct, purchase. lease
or otherwise acquire and own. maintain
and operate, steamboats,. sailing vessels
barges and other water craft. piers. docks
wharves and such lines of tramway or
railway as may be convenient. necessary
or incidental TO any business or enter
prise Of the corporation. with all neceS-
Sary side-tracks. locomotives. ears. depOts
round houses and ether equipment neceS-
sary To the operation of said vessels
piers docks, wharveS, tramways or rail
ways and the traffic thereon provided
that this corporation shall not without
an amendment of this charter. be a COM
mon carrier or have the right TO exercise
the power of eminent domain.
Section &. To enter into. make, per-
form and carry out contracts of every
kind not contrary to law, with any per
son. firm. association or corporation, and
generally TO carry on any other business
which under the law IL may be entitled
to carry on, which may seem to the cor
poratiOn to be calculated. directly or in
directly, TO effect the aforesaid objects
and purposes, or either Of them, or to
facilitate il in the transaction of its
aforesaid business or businesses or any
part thereof, or in the transaction Of any
other lawful business that may be calcu-
lated, directly or Indirectly. to enhance
the value of or to render profitable any
of the corporations property and rights.
and generally to hold and exercise all
such incidental powers and privileges and
to do and perform all things as relate
to the objects and purposes hereinabove
set forth or as may be needful, necessary.
proper, useful or convenient for effecting
said objects and purposes, or either Of
them.
ARTICLE Iv-The authorized capital
stock of this corporation * hereby fixed
at and declared to be the sum of Seventy
five Thousand Dollars ($I5.O00OOD which
capital stock may be increased in the
manner provided by law tn the sum of
Two Hundred Fifty thousand Dollars
$3.50, 100000.
The presently authorized capital stock
of this corporation shall consist of sew
enty-f hundred shares (I500) of the
par value of Ten Dollars $1,000 each !:
il shall be represented by certificate, shall
be full paid and non assessable when
issued. shall be issued only for labor
done or for property actually received.
or for cash to be paid at such times and
in such amounts and after such notice
as may be determined by the Board Of
Directors. and shall be personal prop
erty. No transfer of said capital stock
shall be binding upon this corporation
unless made in accordance with its char
ter and bylaws, and recorded on the
books thereof.
ARTICLE V-All the corporate powers
of this corporation shall be vested in and
exercised by a board of not less than
five 90 and not more than eleven I'D
directors, each of whom shall hold in his
own name at least one share of the stock
of this corporation. Said Board of Di-
rectors shall he elected annually on the
second Tuesday in January of each year
beginning with 1922, unless such day
should fall on a legal holiday; and in
that event on the next succeeding day
which is not a legal holiday. All such
elections shall be by ballot at the Office
of this corporation under the supervision
of three commissioners to be appointed
by the Board of Directors. and in the
absence of any commissioners the presi-
dent shall have the power to fill the place
by appointment OF all such elections. as
well as of all meetings of stockholders
except for the purpose of liquidation or
dissolution or as otherwise required by
law, fifteen days notice shall be given
by mailing to each stakeholder who APP
pears as such on the books of this cor
poration at his last designated address.
or care of general delivery at New Or
leans if he has not designated an address
a notice stating the time and place of the
meeting. Each stakeholder shall be en-
titled to one vote for each share of stock
standing in his name on the books OF
this corporation, to be cast in person or
by proxy. and a majority Of the votes
cast shall elect and the stockholders
shall elect at such meeting any number
of directors as they see fit within the
limits fixed by this charter. Failure to
elect directors on the day above specified
shall not dissolve this corporation. but
the directors then in Office shall remain
in Office until their successors are elected
and qualified. Due notice of another cleo
ton shall forth with be. given as above
ton shall be continued to be given until
an election is had.
ARTICLE Wat its first meeting each
board of directors shall elect from its
membership a president, one or more
Vice Presidents. who, without mineral
designation shall rank in the order in
which they are elected, a secretary and
a treasurer, and shall, from time to time
as 1t sees fit, appoint or employ such
other employee as Ii shall deem neces-
sary. The Board of Directors shall have
full power and authority to fix the SAL
aries of all officers and of all such other
employees as il may deem necessary, and
to make and establish, as well as to alter
and amend all bylaws, rules and regu-
lations necessary and proper for the con-
duct and management of the business and
affairs of this corporation not inconsis-
tent with this charter; it shall also have
full power and authority to do all acts