The herald. [volume] (New Orleans, La.) 1905-1953, 1911-05-18
ARTICLE III.
ARTICLE III.

Inc oO)ects and purposes for which thi
corporation Is organized and established
and the nature Of the business TO be trans
acted under said charter hereby adOpteC
are declared to be as follows:
To buy, construct, lease and operate saw
mills, planning mills, lath mills and shingl,
mills; TO construct, acquire, lease and use
railways, tramways canals and rights OF
way for the transportation of timber anC
lumber and other products. for the use OF
IT'S mills, and for other purposes; to buy
sell, and lease timber lands, and to acquire
lease and hold other lands for the use OF
saw mills, planning mills, single mills and
lath mills. lumber yards and timber yards
and for other purposes to buy and sell tim
Der rights on lands to buy and sell timber
logs, lumber, shingles and other timber pro
ducts, either for domestic sale or export to
foreign countries, or other states in the
united States; to acquire, lease, charter
and operate barges, steamboats,, and other
water craft for the transportation Of logs
lumber. shingles and other timber products
TO execute bond in the fulilment of con.
tracts or In the performance of their bust.
ness and to do and perform any and all
acts incident to and growing out of the car
rying out OF any and all of the objects
herelnab0ve enumerated.
ARTICLE Nv.
The capital stock of this corporation Is
hereby fixed at the sum of one hundred thou
sand dollars (S1OO, OO0OO), divided into
ana represented by one thouand shares
ll,OOO) OF stock Of the par yalue of one
hundred dollars (s10OOO) each. The said
stock may be paid for at such times and in
such amounts, and after such notice to the
s9DScrfbers, as may be fixed by the Board
OF directors; the said stock may be issued
LOT cash at not less than par, or for labor
corporation. W '"iu
The corporation shall become a going con-
Soor anu De authorlzed to do business as
Inn rnI
capital stock shall have been subscribed for.
ARTICLE V.
All the corporate powers of said corpor
atlon snail be vested in and exercised NV
a Board OF Directors to be composed ~
nVe to) persons to be elected apnualIv on
the second Monday Of March In each wear
ehcept the hrst Board Of Directors named
In this charter. This first. BOARD OF Djrac
Tors shall hold their office until the second
Monday of March, 1912 or until their suc,
cess0rs have been duly elected and qualified
All sueh elections shall be held by ballot
ana conducted at the Office Of said cornora.
ton, under the supervision Of tbrea IsI
Of directors. " 'He ooaru
Notice OF such election shall be given nv
t tior secretary OF the company by publica-
ION ior not less than ten (10) days prior
hereto In newspaper published In tba
atlsh or Orleans, State Of Louisiana
Al all such elections and at Ali cornorat 70 |
nee unsS' every stakeholder shall be emit
-ied 10 one vote for each share Of STOCK
IN his name on the books of the
,ohpasy, TO be cast in person or bv hjs |
NIitten proxy, and three-fourths OF tbe
iotes cast shall elect, vi '"e
An! vacancy among the directors nv
ieath' resignation or otherwise shall no
llIed by election for the remainder Of the
erin Dy the remaining directors
A failure to elect directors on the date
Dove specified shall not dissolve the cor
'oration, nor impair its corporate MANAGE.
nent; put the directors then in Office shan
slhaln IN Office until their successors are
le1ted and qualified. aie
The Board Of Directors shall e,act from,
helr own number a president. a vice nresj
eht, ana a secretary treasurer. The Soc
etary,treasurer may or may not be a Nom.
er OF tne board, and the Board Cf Dire
ors snail have the power to divide the Of
ce OF secretary treasurer into two f21 o.
yes ana create the Office of secretary ana
ne once or treasurer. They NAV from time
time name and appoint all such oficers
no agents as 1t may deem necessary Tor
ne purposes and business of the cornorol
ION. Ihey shall have power to FIX and de-
ne the duties Of every officer and employee
no an omcers and employees shall hold OF
ee ana employment at the pleasure of the
oaru. Inc board may make and estah,ish
wei as alter and amend, any and an