The herald. [volume] (New Orleans, La.) 1905-1953, 1911-08-17

in the city of New Orleans, state OF LOulsi-
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:
FrSt-To engage in 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;
SccOnd-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
| Third-To own lumber yards, storage
sheds or warehouses, switch tracks, locomo-
| tives, cars, cranes. drays, trucks. wagons
and all other adiuncts. paraphernalia,
means and appliances, incidental. convent
| ent or necessary to the conduct OF It's main
| business and purposes.
| FOurth-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 corporate Is
hereby fixed at the sum of Ole hundred
and represented by one thousand shares OF
stock Of the sum OF one hundred dollars
% | $500. OOl each. Said stock shall be paid
: for in cash or Its equivalent at such tin'
/, and in such amounts and after such notice
TO the subscriber as shall be fixed by the
board of directors.
r The corporation shall become goin!
= concern and authorized to do business al
soon as ten thousand dollars ($10,000.OO
' Of the capital stock shall have been sub
: scribed and paid for.
j ARTICLE V.
All OF the corporate powers Of said cor
poration shall be vested In board OF oil
rectOrs TO be composed OF not less thar
e three nor more than seven stockholders
d each of which shall own not less than tel
: shares OF the capital stock of the company
+ This board shall be elected annually on tn
: second Tuesday Of July OF each year.
e All such elections shall be held at the OF
q flee OF the corporation under such regula
: lions as may be established by the board o
I directors. Notice OF such elections shall D
b given by the secretary OF the company b.
/ written or printed notice directed to eacl
stakeholder OF record mailed at least tel
; days prior to such election.
y At all such elections and at all corporat
meetings every stakeholder shall be entitle
to one vote for each share OF stock standin
in his name on the books OF the company {
be cast in person or by his written proxy
r. and the majority of the vote cast shal
= elect.
n ANY vacancies occurring among the d
n rectOrs by death, resignation or otherwls
l. shall be filled by election for the remainde
Is of the term by the remaining directors.
q A failure to elect directors on the dat
4 above specified shall not dissolve the col
poration or impair the corporate manage
n ment but the directors then in office sha
v remain in Office until their successors ar
5 elected and qualified.
n The board of directors shall snnuall
l. elect from their own number president,
lr vice president, a secretary and treasurer
e, or they may combine the Offices OF secretar
and treasurer.
The board of directors may appoint
~ general manager and authorize him to en-
y plOy such subordinate officers and agents
l. the business interests or convenience OF ~
o corporation may require. They may 1u
D. Their authorize said general manager TO dl
! charge any or all employees at his discretion
H. All officers shall hold office at the pleasul
I of the board of directors and they sha
D. have power to define the duties OF said on
- GERS and to fix their compensation.
- The board Of directors shall have Il
power and the right to borrow and lei
money when necessary or TO Its advantal
in conducting its business, but only In ma
no tiers connected with the objects OF this co
!" poration to acquire by purchase, lease
a. exchange any real, personal, mixed, co
IN pOreal or incOrpOreal property necessary
IN convenient to carry out the objects or IN
70 corporation, and the same to be disposed
rs by sale, exchange or in any usual or Gu
tomary manner, and 10 lease, mortgage
pledge any OF the assets OF the company.
The board of directors shall make
rules and regulations as are In It's 1ud
Is ment proper.
ARTICLE VI.
l..