The herald., 1911-08-31

The dOmicile OF said corporation shall be
in the city OF New Orleans, state OF LOuiSi-
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
ton.
ARTICLE III.
The objects and purposes OF this corpora
tion are hereby declared TO be:
FUst-TO engage in the general business
Of buying and selling lumber, logs, and by
products Of the lumber manufacturing in
duStry, for It's 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
/ boats or barge lines in connection with
same
Thhd-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.
l ARTICLE ".
The capital stock of this corporation Is
hereby fixed at the sum of one hundred
thousand dollars $500, 900. OO), divided into
and represented by one thousand shares OF
| (S1O0.OO) 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.
i The corporation shall become a going
concern and authorized to do business as
soon as ten thousand dollars (S10,OO000)
OF the capital stock shall have been sub
scribed and paid for
II ARTICLE V.
All Of the corporate powers Of said cor
poration shall be vested in a board Of d.
rectors, to be composed OF not less than
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.
4 All such elections shall be held at the OF
fee Of the corporation under such regula-
I lions 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 TO
be cast in person or by his written proxy,
and the majority of the vote cast shall
j elect.
i ANY vacancies occurring among the d.
rectors by death, resignation or otherwise
shall be filled by election for the remainder
of the term by the remaining directors.
n 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 a president, a
vice-president, a secretary and treasurer,
, or they may combine the offices of secretary
and treasurer.
=, The board of directors may appoint a
general manager and authorize him to EN-
ploy such subordinate officers and agents as
corporation may require. They may FUR
Their authorize said general manager to dis
charge any or all employees at his discretion
q All officers shall hold office at the pleasure
of the board of directors and they sinai
have power to define the duties OF said ON
GERS and to fix their compensation.
The board Of directors shall have the
power and the right to borrow and lenC
money when necessary or to its advantage
in conducting its business, but only In mat
2 tiers connected with the objects Of this cor
5 poration to acquire by purchase, lease oil
: exchange any real, personal, mixed, cor
! poreal or incorporeal property necessary OF
convenient to carry out the objects or this
2 corporation, and the same to be disposed OF
) by sale, exchange or in any usual or Gus
| tomary manner, and to lease, mortgage oil
pledge any OF the assets Of the company.
The board Of directors shall make al
rules and regulations as are In Its 1udg
!. ment proper.