The herald., 1911-09-07

it are 10 buy, SELL manufacture timber: to
purchase and sell timber lands. as well as
TO purchase, sell and manufacture timber
and all forest products.
The CAPITAL STOCK of this corporation
Is hereby fixed at Three Thousand Dollars,
divided into thirty 900 shares of the par
value Of One Hundred (SlOOOOD Dollars
each, which shall he paid for in cash, labor
done, or property actually received, in such
manner and at such times as the board of
directors may elect.
NO SrOCKHoLDER shall have the right TO
sell the stock Of this corporation without
nrSt Offering the same to the other stock
nolders, In writing, who shall have the first
right TO purchase the same within a period
OF nVe to- days at the then book value.
Ibis CORPORATION shall commence bust
ness as soon as Three Thousand Dollars of
It's capital stock shall have been Subscribed
for: and it shall become a going concern
when the said subscription shall have been
made. "
ALL THE CORPORATE POWERS of this cor
poratlon snail be vested in board Of direc-
tors composed or three stockholders. who
snail be elected by ballot on the first
wednesday of August of each wear. except
the hrst board, which shall be elected i'm
mediately following the incorporation and
the necessary subscription shall have hem
signed. Said directors may vote In person
or by proxy in writing issued to any stock,
nolder; ANY vacancy in the board of direc-
tors shall be filled by the REMAINING dirac.
tors. A failure of the stockholders 70 elect
a new board of directors shall NOT yacate
any oiiice, and the board of directors and
me OFFICERS in office shall continue until
their successors shall be elected
THIS CHARTER MAY BE AMENDED modified
changed or altered, or this corporation NAV
be dissolved with the assent OF fwo-thirds
l2-5l OF the stock represented at a general
meeting convened for that purpose after
due notice in writing In the event ~ tho
dissolution and liquidation of this cornora-
ION ION; tne same shall be carried out BY three
ilquldators, who shall hold office until the
termination of its affairs, and in fine event
of the disability or death of one of the same
MS successor for the unexpired term shall
be selected by the remaining liauidators
his DONE AND PASSED in my office in
TINS city and state, on the day, month and
year first hereabove written, in The nrnUi
ence or j. c. Hollingsworth and L I ken
hedy, competent witnesses, residing in this
city, who have hereunto signed their names
together with the appearers hereto, and me,
notary. "-N mt
u.,.. (NAMES OF sIGNERs.)
J. c. HOLLINGswoRTH.
J. j. KENNEDY.
VI. VI. BOATNER.
- Notary Public
1, the undersigned Recorder of MORTGAGES
IN ana for the Parish of Orleans, State of
Louisiana, do hereby certify that the abovn
and foregoing act of incorporafion Of tbe
CUR states Logging and Timber Comnanv
EinlIted' mas been this day duly recorded
In my OFFICE in Book No. 1851, folio
New Orleans, La, August ii, A. ID 1911
EMILE LEONARD. ID. r.
ho the undersigned Notary Public. do
hereby certify that the above and fora1oino
IS true and correct copy of tbe orisina11
aGs Oh Incorporation of the Gulf States Log.
Eng and Timber Company, Ltd, of record
In faith whereof have hereunto scr n,v
hand and the impress of NV offici.I t sa my
on the 14th day of August, A. u. 1911
,c., VI. VI. BOATNER.
A. n, ., Notary Public