The herald. [volume] (New Orleans, La.) 1905-1953, 1911-08-31

it are TO buy, sell, manufacture timber; to
purchase and sell timber lands. as well as
10 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 (SlO0.OO) Dollars
each, which shall be paid Tor 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 period
/ of five 90 days at the then book value.
THIS CORPORATION shall commence bust
ness as soon as Three Thousand Dollars Of
| its capital stock shall have been subscribed
| for; and it 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 OF 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 vacate
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-thirds
(2-3) of the stock represented at a genera
due notice in writing. In the event Of tn,
dissolution and liquidation of this corpora
ton, the same shall be carried out by three
liquidatOrs, who shall hold office until the
/ tat. nfpuf of Of OR in, tba
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, IL
this city and state, on the day. month an,
year first hereabOve written, in the pres
ence OF j. C. Hollingsworth and ]. J. Ken
needy, competent witnesses, residing in thi
city, who have hereuntO signed their name
together with the appearers hereto, and me
notary.
(NAMES OF SIGNERS)
J. c. HOLLINGSwORTH
NJ. NJ. BoATNER,
Notary Public.
in and for the Parish of Orleans, State o
Louisiana, do hereby certify that the abov
and foregoing act of Incorporation of tn
Gulf States Logging and Timber Company
in my office in Book No. 1851, folio E.
New Orleans, La, August IA, A. d. 1911
EMILE LEONARD, d. X.
|, the undersigned Notary Public d
hereby certify that the above and foregoin
Is a true and correct copy of the origina
act Of Incorporation of the Gulf States Log
ging and Timber Company, Ltd, of reeor
- in my office.
= In faith whereof / have hereunto set m
hand and the impress of my official sea
on the 18th day Of August A ID 1911
NJ. VI. BOATNER,
(SeaD Notary Public.
Aug. IL, "a, 81, Sept. Z, IA, 81, 1911.