The herald. [volume] (New Orleans, La.) 1905-1953, 1911-05-11


CITY OF NEW ORLEANS.
Be 1t known, that on this. the eleventh
day OF the month OF February, in the year
nineteen hundred and eleven (l91D. before
me, Bertrand |. Calm. a notary public, in
and for the Parish OF Orleans, State OF
Louisiana, duly commissioned and qualified
and in the presence OF the witnesses herein
after named and undersigned, personally
came and appeared, the several person,
whose names are hereuntO subscribed, who
severally declared that availing themselve.
OF the laws OF this state In such cases made
and provided and particularly OF the pro.
visions OF an act OF the legislature OF this
state. known as Act No. IS, Of the session
Of 1904. they do by these presents, cove
nant, agree and bind themselves, as well a,
such other persons who may hereafter be
come associated with them, to form and
constitute a corporation and body polite in
law for the objects and purposes and under
the stlpulatiOns following, tO-wit:
ARTICLE I.
The name and title of this corporate JL
shall be the -McCORD STAVE
CO" its domicile shall be in the City of New
Orleans, and IL 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
1t shall begin business at once; 1t shall
have power TO 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
designated as the person upon whom all
citations, or other legal process shall be
served.
ARTICLE ".
The objects and purposes for which this
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, aud 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; 10
buy erect, construct operate and maintain
or to lease saw mills, staye 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 or transportation
as may be found necessary or advisable In
- q H. al.
ties of this corporation to sell, as princi-
pal, agent or on commission, slaves, timber
and such other lumber products manufac-
tured by 1t or otherwise as well as lumber
dressed or undressed. manufactured or un-
manufactured, and generally to engage In
any business whether the same be inciden
tai to that specially stated herein, or not
provided 1t be not specially prohibited by
law.
The capital stock Of this corporation 1.
hereby fixed at the sum of fifty thousand
dollars $3.50, 000.OO), divided into FIVE hun
dred shares 5000 OF one hundred dollar.
(S10000) each, payable in cash, or its elui
valent, as the Board of Directors may di
rect and the corporation Is to begin bust
ness as soon as five thousand dollars (S5,
100000 OF the capital stock has been sub
scribed and paid for. All shares of stoci
shall be full paid and non-assessable Nc
transfer of stock shall be binding on tn,
company unless recorded upon its books
and made In pursuance Of Its charter anC
bylaws No transfer or sale Of stock shall
be made to any person mot already holdins
stock in this cOrporation) without previ
ously Ofering 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 -fds
offered for the same, and the name Of the
person making such offer such option shall
h. Tod o.. fpSI 80 nN hou
twenty days unless the Board OF Director:
unanimously waive this delay in writing.
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 9
Board OF Directors composed Of three stock
holders A majority of the directors shall
constitute a quorum for the transaction OF
all 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 a vote for every share Of stock
owned by him, and all elections shall be
held under such rules and regulations as
may be determined by the Board Of Direc-
tors
The Board Of Directors thus elected shall
continue In office for one year and until
their successors have been duly elected and
qualified. Any vacancy occurring ON said
board shall be filed by the remaining direc-
tors for the unexpired term. The Board OF
Directors shall at Its first meeting after its
election, nominate out of its number a pres
ident vice-president, and a secretary
treasurer, and these officers shall have such
powers as may be conferred upon them by
the Board Of Directors. The Board Of Di-
rectors shall have the rigth and power and
shall, from time to time, appoint or dis
charge such clerks and other employees as
may be deemed necessary, expedient and
proper, by them, for the proper conduct and
management of the affairs, business and in
terests of said corporation. Any of the d.
rect0rs shall have the right to appoint BY
written instrument another director as hi.
proxy 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.
1912, the following named persons shall
constitute the first Board OF Directors :
Alfred E. Winkler, Charles McCord and Jo-
seph III. Winkler, with Alfred Z. Winkler
as president, Charles McCord as vice-presi-
dent and Joseph II. Winkler as secretary
treasurer.
ARTICLE VIII.
This act Of Incorporation may be changed,
be dissolved with the assent Of the share
holders owning majority Of all the stock
of the company at a general meeting con-
vened for that purpose, and after at least
ten days written notice Of this meeting has
been given through the mail addressed to
each stockholder at his last known place
Of residence. In case Of dissolution by the