The herald. [volume] (New Orleans, La.) 1905-1953, 1911-05-11
CHARTER
OF CENTRAL HARDWOOD LUMBER
COMPANY.


limited STATES or AMERICA. STATE
OF LOUISIANA. PARISH OF ORLEANS,
CITY or NEW ORLEANS.
BE II known and remembered, that on
this ninth day Of the month April, in the
year Of our Lord one thousand nine hundred
and eleven, and OF the Independence OF the
United States Of America the one hundred
and thirty fifth, before me, Gustaf X. West
frIdf JT, "A Notary Public, In and for the
Parish Of Orleans, State of Louisiana, afore
said duly commissioned, sworn and quail
fed and in the presence OF the witnesses
hereinafter named and undersigned, person
ally came and appeared The several per
SONS whose names are hereunto subscribed,
who s"ycrally declared that ayailing them
selves OF the laws Of the State of DOuisi.
ana, In such cases made and provided, and
uartl,uIarly OF the provisions Of Act No. ~
OF the acts Of the Legislature Of the state
OF Louisiana. for the year 1904, approved
JuIy 4. 1904 they have covenanted and
agreed and 10 by these presents covenant
and agree and bind themselves as well as
all such persons as may hereafter become
assoc lated with them. TO form corporation
for the objects and purposes and under the
articles and stipUlatiOnS following, tO-wit
ARTICLE ].
The name and title of this corporation
shall be CENTRAL HARDWOOD LUMBER
90 -" and under its corporal" name II shall
have power and authority 60 contract sue
and be sued to make, have and use cor.
pOratc seal, and the same 10 break, alter
aud amend At pleasure, 10 hold. receive,
lease, purchase, convey, pledge and hypOth-
ecate, under its corporate name, property,
both real and personal; to borrow money
and 10 lend money on security, 10 buy ana
own stock In other corporations and vote
the same; to name and appoint such ofi
GERS, directors and agents as the interests
and convenience Of said corporation may
require: TO make and establish such by
laws, rules and regulations for the manage
ment Of the affairs may lee necessary or
proper 10 carry out the objects and pur-
poses Of said corporation and to likewise |
4. aud aarfn m s4nN a a
10 carry on the business Of said corpora
ton As, in the judgment Of its Board Of
Directors may seem proper. And said cor
pOratiOn, unless sooner dissolved under the |
terms Of its charter, shall exist and continue
for a period OF ninety v line t99J years.
ARTICLE H.
The domicile Of said corporation shall be
in the City Of New Orleans, Parish and
State aforesaid, and the president shall
Dc the proper officer upon whom all citations |
and other legal process shall be served; and, |
in his absence, the ylce-president and IN
ARTICLE III.
The objects and purposes for which this
corporation is organized and established. |
and the nature of the business to be trans.
acted under said charter hereby adopted
are declared TO be as follows:
70 buy, construct, lease and operate saw
mills, planning mills. lath mills and shingle |
mills; TO construct, acquire, lease and use
railways, tramways, canals and rights of
way for the transportation Of timber and
lumber and other products. for the use of
its mills, and for other purposes; to buy, |
sell, and lease timber lands, and To acquire, |
lease and hold other lands for the use of
saw mills, planning mills shingle mills and
Hath mills. lumber yards and timber yards
and for other purposes; to buy and sell tim
Der rights on lands to buy and sell timber
logs, lumber, shingles and other timber pro-
ducts, either for domestic sale or export to
foreign countries, or other states in the
United States to acquire, lease, charter
n nal a ST m
water craft for the transportation OF logs, |
lumber, shingles and other timber products
to execute bond in the fulflment Of con-
tracts or In the performance of their bust |
ness; and to do and perform any and all
acts incident TO and growing out of the car
rying out Of any and all of the objects
hereinaboye enumerated.
ARTICLE ".
The capital stock Of this corporation is |
hereby fixed at the sum of one hundred thou
sand dollars (S10O,00O.0O), divided into
and an do6 represented by one thouand shares
hundred dollars (S10O.0O) each. The said
stock may be paid for at such times and in |
such amounts, and after such notice to the
subscribers, as may be fixed by the Board
OF Directors; the said stock may be issued
for cash at not less than par, or for labor
done, or property actually received by said
corporation.
Germ and be authorized to do business as
soon as one hundred (10O) shares of the
capital stock shall have been subscribed for.
ARTICLE v.
All the corporate powers of said corpor-
alton shall be vested In and exercised by
a Board of Directors TO be composed of
five 90 persons to be elected annually on
the second Monday OF March In each year, |
except the first Board of Directors named
in this charter. This first Board Of Direc-
tors shall hold their office until the second
Monday OF March, 1912, or until their sue
cessors have been duly elected and qualified.
All Suph elections shall no held nv hollot
and conducted at the Office of said corpora
ton, under the supervision of three (3D
commissioners, to be appointed by the board
OF directors.
Notice OF such election shall be given by
the secretary OF the company by publica-
tion for not less than ten (1OD days prior
thereto In newspaper published in the
Parish of Orleans, State of Louisiana.
At all such elections and at all corporate
meetings, every stakeholder shall be enti-
tied 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 three-fourths OF the
votes cast shall elect.
Any vacancy among the directors by
DEATH resignation or otherwise, shall be
filled by election for the remainder Of the
term by the remaining directors.
failure TO elect directors on the date
above specified shall not dissolve the cor
poration, nor impair its 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 elect from
their own number a president, a vice presi-
dent, and a secretary-treaSurer. The sec
retary-treasurer may or may not be a mem
Der of the board. and the Board of Direc-
tors shall have the power to divide the Of
flee of secretary-treasurer into two (2) of
fees and create the Office of secretary and
the Office of treasurer. They may from time
to time name and appoint all such officers
and agents as II may deem necessary for
the purposes and business of the corpora
tion. They shall have power TO fix and de
fine the duties OF every officer and employee
and all officers and employees shall hold of
hce and employment at the pleasure of the
board The board may make and establish
as well as alter and amend, any and an
bylaws, rules and regulations necessary
and proper In its judgment for the conduct
support and management of the business
and affairs OF said corporation.
The board shall have full power and au-
thority to borrow money, TO execute mort
cages and to create liens; to issue bonds,
notes and other obligations, and generally
10 do all things reasonable, convenient and
necessary for the proper carrying on OF the
business OF the corporation.
The board may issue full paid shares Of
stock for cash. or In payment Of labor done
or property actually received by said cor
poratiOn. |
Every member OF the Board of Directors
IN case or his absence from the domicile of
the company, at any time shall have the
right TO name and appoint, In writing, a
proxy who must be stakeholder, to repre-
sent him and TO sit and vote In his place
and name AZ all meetings OF the Board OF
directors which may take place during his