The herald. [volume] (New Orleans, La.) 1905-1953, 1911-05-04

shall be the 'WINKLER- McCORD SHAVE
co" its domicile shall be In the City of New
Orleans, and 1t shall have and enjoy sue
cession under Its corporate name for a pc
riod OF ninety-nine years from and after the
date hereof. and shall have and enjoy all
the rights and privileges granted by law to
corporations
ARTICLE II.
1t shall begin business at once; It shall
have power 10 contract, sue and be sued in
its corporate name; TO make and use a cor
pOrate seal, and the same TO alter at pleas
ure; TO hold, receive. purchase, convey,
mortgage. hypothecate or pledge property
both real and personal: issue bonds, notes
and other obligations; to have and employ
such managers directors. officers, agents,
clerks and other employees as the interests
and convenience OF said corporation may
require; and to make and establish such by
laws, rules and regulations for the proper
management and control of the affairs OF
said corporation as may be necessary and
expedient
ARTICLE III.
The president, or in the event OF his
death, absence or inability to act from any
cause, the secretary and treasurer is hereby
citations, or other legal process shall be
served.
ARTICLE ".
corporation is organized, and the nature OF
business to be carried on by it. In the State
Of Louisiana and in such other states OF
the United States and in foreign countries
are hereby declared to be the followin, to-
wit: To buy, lease or sell, as principal,
agent, or on commission. timber and timber
lands, and lumber OF all kinds. standing or
cut manufactured or in its natural state
to manufacture, out OF lumber, slaves. ties,
posts, poles, and any and all other things
that may hereafter be deemed advisable; TO
buy erect, construct, operate and maintain
or to lease saw mills, stave manufactures,
and any other character Of business. wheth-
er the same be Incidental to the manufac-
ture OF slaves or not; to buy, build, con-
struct, lease and operate tram lines and any
other system or systems of transportation
as may be found necessary or advisable in
the operation OF the mills or other proper
ties OF this corporation: to sell, as princi-
pal, agent or on commission, slaves, timber,
and such other lumber products manufac-
dressed or undressed, manufactured or IN
manufactured, and generally to engage In
any business whether the same be inciden-
tai to that specially stated herein, or not,
provided Ii be not specially prohibited by
law.
ARTICLE V.
The capital stock Of this corporation /.
hereby fixed at the sum of fifty thousand
dollars 50,0O0.0O), divided into five hun
dred shares (500) of one hundred dollars
CS1OO.OO) each, payable in cash. or its equi-
valent, as the Board OF Directors may di-
rect and the corporation is to begin bust
ness as soon as five thousand dollars 49,
OOO.O0) OF the capital stock has been sub
scribed and paid for. All shares Of stock
shall be full paid and worcestershire. No
transfer OF stock shall be binding on the
company unless recorded upon its books
and made in pursuance OF its charter and
bylaws. No transfer or sale of stock shall
be made to any person mot already holding
nrpyi-
ously Offering the same at the same price
TO the stockholders OF this corporation said
offer to be submitted In writing to the
Board OF Directors, stating the number of
shares offered for sale, the price bona nde
offered for the same, and the name OF the
person making such offer such option shall
be granted for a period Of not less than
twenty days unless the Board OF Directors
ARTICLE vi.
All the corporate powers OF this company, |
and the management and control of its bus |
mess, shall be vested In and exercised by a
Board Of Directors composed Of three stock |
holders A majority Of the directors shall
constitute a quorum for the transaction Of |
LII business. The directors shall be elected |
annually by the stockholders on the second |
Monday OF March Of each year. Each stock |
holder shall be entitled in person or by |
proxy to vote for every share Of stock |
held under such rules and regulations as
nay be determined by the Board of Direc-
ors
The Board Of Directors thus elected shall |
continue In Office for one year and until |
heir successors have been duly elected and
lualined. Any vacancy occurring ON said |
'oard shall be filed by the remaining direc-
ors for the unexplred term. The Board Of
directors shall at Its first meeting after its
election, nominate out of its number a pres
dent, vice-president, and a secretary.
,owers as may be conferred upon them by
he Board OF Directors. The Board OF Di-
ectors shall have the rigth and power and
hall, from time to time, appoint or dis
barge such clerks and other employees as
nay be deemed necessary, e1pedient and
roper, by them, for the proper conduct and
Management Of the affairs, business and in
erests OF said corporation. Any of the d.
ectors shall have the right TO appoint by
Tritten instrument another director as hi.
roxy to act in his stead at any and all
MEETINGS OF the Board Of Directors
ARTICLE VII.
Until the election to be held in March.
BIZ, the following named persons shall
onstltHte the first Board OF Directors !
eph III. Winkler with Alfred E. Winkler
; president. Charles McCord as vice-presi- |
emit and Joseph Fl. Winkler as secretary
,
ARTICLE VIII.
This act Of Incorporation may be changed.
odihed or altered, or this corporation NAV 4
dissolved with the assent of the SHARE | !
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