The herald. [volume] (New Orleans, La.) 1905-1953, 1911-08-31
ARTICLE /.

enjoy corporate existence and succession for
the term of ninety-nine years from and at
ter the date hereof, unless sooner dissolved
according to law Its domicile shall be in
the city of New Orleans, state or LOUISIANA
1t shall have power to contract, sue and De
sued; to make and use corporate sea-,
and the same to break or alter at Will; to
hold, receive, lease, purchase, SELL convey,
as well as to mortgage and hypothecate, IN
der its corporate name, property real per
sonal and mixed TO borrow and lend money,
and to give and receive all manner or Sc
curities therefor to name and appoint such
managers directors, officers and agents and
employees as the interests and convenience
of the corporation may require, and to make
and establish such bylaws, rules and regu-
lations for the management OF this corpora
tiOn as may be necessary and proper, and
| the same to alter and amend at pleasure.
ARTICLE II.
All citations and other legal process shall
be served upon the president of this corpo-
ration, and in case OF his absence, or ina.
| biity TO be found, upon the vice-president
or secretary treasurer thereof.
ARTICLE III.
/ The purposes for which this corporation is
| established and the nature or the business
! to be by il carried on, are hereby declared
| to be to carry on In the city or New Or
| leans and elsewhere the business or buying
and selling lumber and logs and all forest
| products; and of exporting the same, and
In general, dealing in all forest products in
all its branches And to do each and every
1 objects hcreinabove stated, and which may
be incidental thereto.
ARTICLE Nv.
The capital stock of this corporation Is
hereby fixed at ten thousand dollars lslO,,
OOO), to be represented by one hundred
4 ClOO) shares of stock, of the par value or
one hundred dollars (S100.0O) share,
which capital stock may be increased or re
: duced in compliance with the laws or the
) state of Louisiana In sueh cases mace am
: amounts and at such times and after sucn
inotice to the subscribers as may be nxed
by the board Of directors, and the said
board Of directors Is empowered 10 issue
shares Of stock of this corporation, at not
$ less than par, In payment for labor actu'
e ally done for the benefit OF this corpora,
r ton. or for the actual value of rights and
\ property transferred to and received by
4 this corporation, or for other valuable con
e siderations, as the board of directors may
e deem fit and proper
e shall be made only on the books or TINS
$ corporation, subject to the regulations ano
a formalities as the board may prescribe
g therefor.
Each and every stakeholder shall have {
vote for every share Of stock standing II
his name on the books of this corporation
Each stakeholder may give any other STOCK
# him at any and all meetings OF the STOCK
70 holders of this corporation.
le This charter shall be In full force an
e. effect and this corporation shall be goin
n concern as soon as the sum or three thou
te sand dollars (S3 100000 of its capital stoc
IN shall have been subscribed for.
g. ARTICLE v.
We All the corporate powers of this corpor
re ton shall be vested In and executed ,
nfd n
of three stockholders of this corporation, an
On two of whom shall constitute quorum Il
We the transaction of the business of this co
in pofation The first board Of directors sha
oh be named In this charter, and every subs
t. auent board of directors shall be electt
annually on the first Monday OF Octobe
he All directors shall hold once until ther su
ay cessors are duly elected and qualified. "A
ID such elections shall be by ballot and sna
of be conducted at the office Of this corpor
&C. ton under the supervision OF three comm
ST. sioners to be appointed by the board OF {
" rectors. Notice Of every such election shs
ice be given to the stockholders ten days pri
RS to the said election by letter directed
,rs each and every stakeholder addressed TO nj
* as per the address given on the books
tn this corporation. The board or directo
ph shall hold office for the term or one yea
s. and any vacancy occurring during the ter
shall be filed by election among the renal
ing directors. A failure to elect dlrecto
on the date specified shall not dissolve n
corporation, but the directors then In ON
Or shall mold once until Lutlr {,
by duly elected and qualified. Each direct
of shall own at least one share OF stock. Il
led board of directors shall have the power
as make and establish bylaws rules and reg
lations for the management OF this corr
ration; to regulate the transfer or sto.
and to appoint and discharge all elerl
agents and employees, as well as TO nx IN
lv- compensation. Each director shall ma
of the power to appoint proxy In writing
all represent him at all meetings OF the boa
en- of directors and said power or proxy m
oye be given to one not a stakeholder In q
ors corporation. - a.
Iui- The board Of directors shall elect fr
ath its number a president, vice-president Q
Dne a secretary treasurer.
,all The first board Of directors shall be
md following: Chas ID. Frost, president; En-
Iui- A. Segrave, vice-president; Howard A
grave, secretary-treasurer.
ARTICLE vi.
,on-t Whenever this corporation shall be
ons solved. either by limitation or otherwise,
nee affairs shall be liquidated by two conn
sub sioners to be appointed from among
Or stockholders to be convened In general M
der ing for such purpose. OF which meeting,
Dck- tice shall be given In the manner ana !
said prescribed by the next article or TINS CT
heir ter. and a majority In amount or the G
tai stock of this corporation represented
fice, the said general meeting shall De requi
the TO elect And the said commissioners
ten, remain in office until the affairs OF the
iris poration shall have been fully liquidated