The herald. [volume] (New Orleans, La.) 1905-1953, 1911-09-21

il are to buy, sell, manufacture timber; to
purchase and sell timber lands, as we'll as
TO purchase, sell and manufacture timber
and all forest products.
THE CAPITAL STOCK of this corporation
is hereby fixed at Three Thousand Dollars,
divided into thirty 800 shares of the par
value of One Hundred (S100.0O) Dollars
each, which shall be paid for in cash, labor
done, or property actually received, in such
manner and at such times as the board of
directors may elect.
No sToCKHoLDER shall have the right to
sell the stock of this corporation without
first Offering the same to the other stock
holders, in writing, who shall have the first
right to purchase the same within a period
of five 90 days at the then book value.
THIS CORPORATION shall commence bust
ness as soon ss Three Thousand Dollars of
its capital stock shall have been subscribed
for; and 1t shall become a going concern
when the said subscription shall have been
made.
ALL THE CORPORATE POWERS of this cor
poration shall be vested in a board of direc-
tors composed or three stockholders, who
shall be elected by ballot on the first
Wednesday of August of each year, except
the first board, which shall be elected i'm
mediately following the Incorporation and
the necessary subscription shall have been
signed Said directors may vote in person,
or by proxy in writing issued to any stock
holder. Any vacancy in the board of direc
tors shall be filed by the remaining direc
tors. A failure Of the stockholders to elect
a new board of directors shall not yacatC
any office, and the board Of directors and
the officers in office shall continue until
their successors shall be elected.
THIS CHARTER MAY BE AMENDED, modified
| changed or altered, or this corporation may
be dissolved with the assent of two-third.
| (2-3) OF the stock represented at a genera
meeting convened for that purpose, aftel
| due notice in writing. In the event of tn,
| dissolution and liquidation of this corpora
| ton. the same shall be carried out BY tire,
| liuui6atOrC hal n.
| termination of its affairs, and in the even
| OF the disability or death of one of the sam,
| his successor for the unexpired term shall
be selected by the remaining liquidators.
| THIS DONE AND PASSED in my office, II
this city and state, on the day, month an'
year first hereabOve written, In the pres
ence Of ]. c. Hollngsworth and J. ]. Ken
nedy, competent witnesses residing in thi
together with the appearers hereto, and me
notary.
(NAMES OF SIGNERS.)
]. c. HOLLINGSwORTH
| j. ]. KENNEDY.
NJ. NJ. BOATNER,
Notary Public.
/, the undersigned Recorder of Mortgages
in and for the Parish Of Orleans, State O
Louisiana, do hereby certify that the allow
and foregoing act of Incorporation of tn
Gulf States Logging and Timber Company
| Limited, has been this day duly recorde,
in my office in Book No. 1851, folio
New Orleans, La, August IA, A. ID. 1911
EMILE LEONARD, ID. Il.
l, the undersigned Notary Public, d.
hereby certify that the above and foregoin;
Is true and correct copy of the origina
act of Incorporation of the Gulf States Log
ging and Timber Company, Ltd, of recor
in my office.
In faith whereof I have hereunto set m
hand and the impress of my official sea
on the 14th day of August, A. D. 1911.
NJ. NJ. BOATNER
| lSeall Notary Public