The herald., 1911-09-07
ARTICLE II.

ARTICLE H.
The domicilc OF said corporation shall be
in the city OF New Orleans. state Of Louisi- |
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
| ton.
| ARTICLE III.
The objects and purposes Of this corpora
tion are hereby declared to be:
| FTSt-To engage in the general business
| of buying and selling lumber. logs, and by
products Of the lumber manufacturing in
| duStry, for It's 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 adjuncts, paraphernalia,
means and appliances, incidental, convent
ent or necessary TO the conduct of its 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.
The capital stock of this corporation Is
hereby fixed at the sum of one hundred
thousand dollars ($100,0O0.00), divided into
and represented by one thousand shares OF
stock of the sum Of one hundred dollars
C$1OOOO) each. Said stock shall be paid
for in cash or its equivalent at such time
and in such amounts and after such notice
| to the subscriber as shall be fixed by the
board of directors.
The corporation shall become a going
concern and authorized to do business as
soon as ten thousand dollars ($1O,00000)
Of the capital stock shall have been sub
scribed and paid for.
ARTICLE V.
All Of the corporate powers OF said cor
poration shall be vested in a board OF d.
rectors, TO be composed OF not less than
three nor more than seven stockholders,
each of which shall own not less than ten
shares Of the capital stock of the company.
This board shall be elected annually on the
second Tuesday of July Of each year.
All such elections shall be held at the OF
flee of the corporation under such regula-
tions as may be established by the board OF
directors. Notice Of such elections shall be
given by the secretary OF the company by
written or printed notice directed to each
stakeholder Of record mailed at least ten
days prior to such election.
At all such elections and at all corporate
meetings every stakeholder shall be entitled
to one vote for each share of stock standing
in his name on the books of the company to
De cast III ptTSOu Ut Dg "Eltlch PlOAss
and the majority OF the vote cast shall
elect.
ANY vacancies occurring among the d.
rectors by death, resignation or otherwise
shall be filed 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 or impair the corporate manage
remain in office until their successors are
elected and qualified.
: The board of directors shall annually
elect from their own number a president,
vice-president, secretary and treasurer,
or they may combine the offices OF secretary
and treasurer.
The board of directors may appoint a
general manager and authorize him TO en-
. ploy such subordinate officers and agents as
the business interests or convenience or this
corporation may require. They may fur-
Their authorize said general manager to dis
charge any or all employees at his discretion.
All officers shall hold Office at the pleasure
of the board of directors and they shall
have power to define the duties of said Off
GERS and to fix their compensation.
The board Of directors shall have the
, power and the right to borrow and lend
! money when necessary or TO Its advantage
in conducting its business, but only in mat
tiers connected with the objects Of this cor
poration to acquire by purchase, lease or
exchange any real, personal, mixed, cor
poreal or incorporeal property necessary or
! convenient to carry out the objects OF this
I cOrpOratlOn, anu Ine u NC uisPOSSu Va
, by SALE exchange or In any usual or Gus
tomary manner, and to lease, mortgage or
! pledge any of the assets OF the company. .
The board OF directors shall make all
rules and regulations as are In its Judg-
! ment proper.
+ ARTICLE VI.
Whenever this corporation may be dis
solved either by limitation or otherwise Its
(, affairs shall be liquidated by three commits
sioners, to be elected from among the stock
= holders at a general meeting OF the stock
, holders convened for such purpose, OF which
D meeting notice shall be given In time and
manner provided for stockholders meetings
; in the succeeding article Of this charter
!, and a majority in the amount OF capita