The herald., 1911-09-07
CHARTER
OF HOWARD A. SEGRAvE, INC.
UNITED STATES OF AMERICA, STATE
OF LOUISIANA, PARISH OF OR
LEANS, CITY OF NEW ORLEANS.

LEANS, CITY OF NEW ORLEANS.
Be it known, that on this 23rd day of
the month OF August, In the year one thou-
sand nine hundred and eleven, and OF the
independence Of the United States or Amer
lea the one hundred and thirty-sixth, before
me, Scott +. Beer, a notary public In and
for the parish of Orleans, state of Louisi-
ana therein residing, duly sworn, commits
stoned and qualified, and in the presence or
the witnesses hereinafter named and under
signed, personally came and appeared the
several parties whose names are hereunto
subscribed, who severally declared that,
availing themselves of the laws OF the state
OF Louisiana, in such cases made and pro,
yided they have contracted and agreed, and
do by these presents, covenant, agree, and
bind themselves, as well as all such persons
who shall hereafter become associated VITA
them, to form a corporation for the objects
and purposes and under the articles and
stipulations as follows, TO wit:
ARTICLE |.
The name OF this corporation shall be
"HOWARD A. SEGRAVE, NC" by which
name the said corporation shall have and
enjoy corporate existence and succession Tor
the term of ninety whine years from and af-
ter the date hereof unless sooner dissolved
according TO law. Its dOmicile shall be In
the city of New Orleans, state OF Louisiana.
Ii shall have power to contract, sue and be
sued to make and use corporate seal,
and the same to break or alter at Will; TO
hold, receive. lease, purchase, sell, convey,
der its corporate name, property real per-
sOnal and mixed ; to borrow and lend money,
and TO give and receive all manner OF Sc
curities therefor; 10 name and appoint such
managers directors, officers and agents and
employees as the interests and convenience
of the corporation may require, and 10 make
and establish such bylaws, rules and regu-
lations for the management OF this corpora
ton may be necessary and proper, and
the same to alter and amend at pleasure.
ARTICLE IL.
All citations and other legal process shall
be served upon the president Of this corpo-
ration. and in case of his absence, or ina
bility TO be found, upon the vice-president
or secretary-treasurer thereof.
ARTICLE III.
The purposes for which this corporation Is
established and the nature of the business
to be by it carried on, are hereby declared
TO be to carry on in the city Of New Or
leans and elsewhere the business of buying
and selling lumber and logs and all forest
products: and of exporting the same and
in general, dealing in all forest products in
act necessary and proper TO accomplish the
objects hereinabOve stated, and which may
be incidental thereto.
ARTICLE ".
The capital stock of this corporation is
hereby fixed at ten thousand dollars $50,
OOO), TO be represented by one hundred
lOO) shares of stock, of the par value of
one hundred dollars (S1OO.OO) a share,
which capital stock may be increased or re-
duced in compliance with the laws OF the
state of Louisiana in such cases made and
provided. Stock shall be issued in such
amounts and at such times and after such
notice to the subscribers as may be fixed
by the board of directors, and the said
board Of directors Is empowered to Issue
shares of stock of this corporation. at not
less than par, In payment for labor actu-
ally done for the benefit of this corpora
ton, or for the actual value Of rights and
received
this corporation, or for other valuable con-
siderations, as the board of directors may
deem fit and proper
Transfers Of stock Of this corporation
shall be made only on the books OF this
corporation, subject to the regulations and
formalities as the board may prescribe
therefor.
Each and every stakeholder shall have a
vote for every share Of stock standing in
his name on the books Of this corporation.
Each stakeholder may give any other stock
holder his proxy, In writing, to represent
him at any and all meetings of the stock
holders of this corporation.
This charter shall be In full force and
effect and this corporation shall be a going
concern as soon as the sum of three thou.
sand dollars (S3,0O0.00) OF its capital stock
shall have been subscribed for.
ARTICLE V.
All the corporate powers OF this corpora
ton shall be vested in and executed by
the board OF directors to be composed OF
three stockholders Of this corporation, and
TWO OF WnOm snail constitute quorum Tor
the transaction of the business of this cor
poratiOn. The first board of directors shall
he named In this charter, and every subse
quent board Of directors shall be elected
annually on the first Monday of October.
All directors shall hold Office until their sue
cessors are duly elected and qualified. All
such elections shall be by ballot and shall
be conducted at the Office of this corpora
ton under the supervision of three commits
sioners to be appointed by the board of d.
rectors. Notice of every such election shall
be given to the stockholders ten days prior
to the said election by letter directed to
each and every stakeholder addressed to him
as per the address given on the books of
this corporation. The board of directors
shall hold office for the term of one year,
| and any vacancy occurring during the term
| shall be filed by election among the remain
ing directors. A failure to elect directors
on the date specified shall 1ot dissolve this
corporation, but the directors then In office
shall hold Office until their successors are
duly elected and qualified. Each director
shall own at least one snare of stock. The
board of directors shall have the power to
| make and establish bylaws, rules and regu-
lations for the management of this corpo-
| ration; to regulate the transfer of stock
| and to appoint and discharge all clerks,
agents and employees; as well as to fix their
compensation. Each director shall have
| the power TO appoint proxy in writing to
| represent him at all meetings of the board
| Of directors, and said power or proxy may
be given to one not stakeholder in this
| corporation.
The board Of directors shall elect from
| its number president, a vice-president and
a secretary-treasurer
The first board of directors shall be the
| following Chas. ID. Frost, president; Ennis
A. Segrave, vice-presdent; Howard A. Sc
grave, secretary-treasurer.
ARTICLE VI.
Whenever this corporation shall be dis
solved, either by limitation or otherwise, its
affairs shall be liquidated by two commits
sioners to be appointed from among the
| Ing for such purpose, of which meeting no.
| tice shall be given In the manner and time
prescribed by the next article of this char
| ter, and a majority In amount Of the CAPT.
| tai stock of this corporation represented at
| the said general meeting shall be requisite
| to elect. And the said commissioners shall
remain In office until the affairs OF the cor
| poration shall have been fully liquidated
| ARTICLE VII.
| This act of Incorporation may be changed
| altered or modified or amended, or this cor
poration and the charter thereof, may be
| dissolved, with the assent of three-quarters
Of the capital stock represented at a general
| meeting Of the stockholders convened for
| that purpose, and after notice of such meet
| Ing shall have been given in one or more
/ newspapers Of the city Of New Orleans Ia
once week for four weeks preceding the
/ said meeting and by a written notice to
| each and every stakeholder as per the books
| OF this corporation, mailed to him thirty
| days prior to the date Of the said meeting,
at the post Office address designated by him
in writing.
| ARTICLE VIII.
No stakeholder shall ever be held liable
for the contracts or faults of this corpora
1 han thn "a