The herald. [volume] (New Orleans, La.) 1905-1953, 1911-09-14


purchase, and convey, as well as to mort
gage and hypothecate property. real, per-
SOnal and mixed, corporal and incOrporeal ;
10 name and appoint such managers, agents,
directors and officers as its business inter-
ests and convenience may require, and TO
make and establish as well as alter and
amend from time TO time bylaws, rules and
regulations for the proper government of the
affairs Of said corporation a. may be neces-
Sary and proper.
ARTICLE II.
The domicile Of said corporation shall be
in the city Of New Orleans, state OF Lousi-
ana, and all citations or other legal process
shall be served upon the president of said
corporation, or in the event of his absence,
upon the vice-president thereof. acting as
president, and in the absence OF both Of said
officers, upon the secretary Of said corpora
tion.
ARTICLE III.
The objects and purposes of this corpora
ton are hereby declared to be:
FHst-To engage Ia the general business
OF buying and selling lumber, logs, and by
products of the lumber manufacturing in
duStry, for its own account, or for other
corporations. cO-partnerships or individuals.
SecOnd-To buy and sell timber lands and
timber; to build. lease or purchase and
operate saw mills or other woodworking
plants: to build, lease or purchase and
operate logging outfits, railroads, steam
same.
Third-To own lumber yards, storage
sheds or warehouses, switch tracks, locomo-
tives, cars, cranes, drays, trucks wagons
and all other adjuncts, paraphernalia,
means and appliances, incidental, convent
ent or necessary to the conduct of Its main
business and purposes.
FOHrth-TO exercise all powers incidental
and appropriate to the full and complete
carrying out Of the business and purposes
Of the corporation.
ARTICLE ".
The capital stock Of this corporation is
hereby fixed at the sum of one hundred
thousand dollars $500, 000.00), divided into
and represented by one thousand shares OF
stock of the sum Of one hundred dollars
| (s100.00) each. Said stock shall be paid
for in cash or Its equivalent at such time
| and in such amounts and after such notice
| to the subscriber as shall be fixed by the
| board OF directors.
The corporation shall become going
concern and authorized to do business as
soon as ten thousand dollars ($10, O0OO O)
| of the capital stock shall have been sub
scribed and paid for.
ARTICLE V.
All Of the corporate powers of said cor.
| poration shall be vested in a board OF d.
three nor more than seven stockholders
each of which shall own not less than ten
shares Of the capital stock Of the company
This board shall be elected annually on the
| second Tuesday OF July of each year.
All such elections shall be held at the OF
fee of the corporation under such regula
tions as may be established by the board OF
directors. Notice Of such elections shall be
given by the secretary Of the company by
written or printed notice directed to each
stakeholder Of record mailed at least ten
days prior to such election.
| At all such elections and at all corporate
| meetings every stakeholder shall be entitled
| to one vote for each share of stock standing
in his name on the books of the company tC
| be cast in person or by his written proxy
and the majority of the vote cast shall
| elect.
Any vacancies occurring among the di
| shall be filled by election for the remainder
| of the term by the remaining directors.
| A failure to elect directors on the date
above specified shall not dissolve the cor
| pOration or impair the corporate manage
| ment, but the directors then in office shall
| remain In Office until their successors are
| elected and qualified.
The board of directors shall annually
elect from their own number president,
vice-president, secretary and treasurer
or they may combine the offices of secretary
and treasurer.
The board of directors may appoint 9
| general manager and authorize him to EN-
plOy such subordinate officers and agents al
| corporation may require. They may fur
Their authorize said general manager to dis
! charge any or all employees at his discretion
| All officers shall hold office at the pleasure
Of the board of directors and they shal
have power TO define the duties Of said ON
GERS and to fix their compensation.
The board of directors shall have thu
power and the right to borrow and lent
| money when necessary or to Its advantage
in conducting it's business, but only In mat
tiers connected with the objects Of this cor
poration; to acquire by purchase, lease o.
exchange any real, personal, mixed, cor
poreal or incorporeal property necessary o
convenient to carry out the objects OF thi
corporation, and the same to be disposed
by sale, exchange or In any usual or Gus
tomary manner, and to lease, mortgage
pledge any of the assets Of the company.
The board of directors shall make al
rules and regulations as are In Its judg
ment proper.
ARTICLE VI
Whenever this corporation may be dis
solved either by limitation or otherwise 1t
affairs shall be liquidated by three commits
sioners, to be elected from among the stock
holders at a general meeting Of the stock
holders convened for such purpose, OF whic
meeting notice shall be given In time an
manner provided for stockholders meeting
In the succeeding article of this charter
and a majority in the amount or capita
stock of said corporation represented a
such meeting snail De requIrtu " eIeCt. oai
commissioners shall remain in Office unit
the affairs of this corporation shall hay
been fully liquidated. In the case OF tn
inability of any commissioner to continu
by reason of death, resignation or othel
wise, the vacancy shall be filed by tn
surviving commissioners.
ARTICLE VII
This act Of Incorporation may be modifec
changed or altered, or said corporation ma
be dissolved with the assent of three-fourth
Of the capital stock represented at gel
J eral meeting of the stockholders convene
for such purposes, and after notice sha
have been given in one or more newspaper
published In the city Of New Orleans, ono
a week for four weeks, preceding the NEE
, ing, and by a written notice mailed to eac
stakeholder thirty days prior to the date I
the meeting at the post office address desi
mated BY him In writing.
ANY changes proposed or made In refe
, ence to the capital stock shall be made
accordance with the laws OF the state
. louisiana, on the subject OF altering Il
capital stock Of corporations.
.nu,rrr N WIZ