The herald., 1912-09-05
CHARTER

VI l.ol lSlANA. PARISH or ORLEANS
CITY OF NEW ORLEANS
BE il known, that on this ninth day OF
July, in the year of 'our Lord. one thousand
nine hundred and twelve. and of the indie
pcndence of the United States of America
the one hundred and thrty-SiXth before me
Ross +. BreaZcaIe, notary public in and
for the state and parish aforesaid. duly com
mlSSioned and qualified, and in the presence
of the witnesses hereinafter named and un
dcrsigned. personally came and appeared
the parties whose names are herpuntO sub
Scribed, who declared that. availing them
selves of the privileges of the constitution
and laws of the state Of Louisiana relative
TO the formation of corporation they have
cOvenanted and agreed, and do by these pres
ents covenant and agree and bind them,
selves, their successors and assigns. and
such persons who may hereinafter become
associated with them, TO form and consti
tute corporation and body polite In law
Tor the objects and purposes, and under the
stipulations and conditions following, to-
wit:
ARTICLE I.
The name of this corporation shall he the
Calumet Land and Timber Company" and
under such name, il shall have and enjoy
corporate existence and succession for a
period of ninety-nine years from the date
of this act, with full power in the prose
cutiOn and for the purpose of its business
as hereinafter defined; to contract sue and
be sued, hold, ALLEVIATE, mortgage, pledge. or
otherwise cucumber any property, movable
or imElovable, in or ont Of the state of Lou
iSiana to issue notes, bonds or other eyi.
dences of Indebtedness and to secure same
by pledge mortgage or otherwise; TO ap-
point or select such directors, officers, mana
gers, agents or other employees as the ma
ture of its business may require, and to eX-
erciSe all rights and powers that may now
or hereafter be permitted by law to corpor
ations of this character.
ARTICLE II.
The dOmicile of this corporation shall be
In hn . n.1a.
isiana, and all citations or other legal pro
cess shall be served upon the president and
in his absence, on the vice-preSident, and
in his absence. on the secretary treasurer
ARTICLE III.
The objects and purposes for which this
corporation Is established, and the nature
of the business TO be carried ON by Il are
hereby declared to be:
To buy, sell, lease and deal in timber
agricultural and wet lands, within or with.
out the state; to buy, construct. lease, OF
otherwise acquire Saw-mills for the purpose
Of manufacturing lumber, and to sell the
same; to buy, construct, maintain, lease
and otherwise acquire railroad. railroad
equipment and tracks for the purposes OF
its business; TO undertake works of drain
age, and reclamation and to promote cOlOni
zatiOn and immigration in connection there
WITH and generally to do and perform any
and all things incidental, pertinent or APP
propriate TO the powers hereinabove emu
merated.
ARTICLE ".
The capital stock of this corporation is
hereby fixed at one hundred thousand dol
lars ($10O,000). divided into and repre-
sented by one thousand (1,0O0) shares OF
stock, of the par value of one hundred dol
lars (S100 each. Which said stock shall
be paid for In cash or may be issued in pay
ment of and for rights or property actually
received by this corporation. All transfers
of shares of the capital stock of this cor
pOratiOn shall be entered on the stock book
n nd No fwlVa Gfnrs hall Ia In,
binding on this corporation until so entered
This corporation may become a going con
Germ, and may commence business when
twenty-five thousand dollars 1925, 000) of
its capital stock shall have been subscribed
for.
ARTICLE v.
All of the corporate powers of this cor
poration shall be vested in and exercised by
a board of directors, composed of three
stockholders, two of whom shall constitute
a quorum in the transaction of business.
Said directors shall be elected at n gen
eral meeting Of the stockholders of this cor
April in each year, unless said day shall be
legal holiday, in which event said election
shall be held on the next succeeding business
day.
Notice of said election shall be given by
publication for seven successive days pre-
ceding the election, in newspaper of gen
eral circulation published In the English
language, in the city of New Orleans. Said
board of directors shall at the first meeting
of its board of directors elect a president,
rice-president and secretary-treasurer
The first election for directors under this
charter shall be held and shall take place~on
the 9th day of July In the year nineteen
hundred and twelve, and they shall serve
elected and qualified.
ARTICLE VI.
The following shall constitute the first
board of directors Henry " Sherburne Il.
n Clam nd Williams ba cot
Henry n. Sherburne shall be president, the
said +. c. Glenn shall be vice-presdent, and
the said c. S. Williams shall be secretary
treasurer.
The failure for any cause to elect direc
tors on the day stipulated shall not dis
solve the corporation, but the officers and
directors then In charge shall hold over I'M
TIL their successors shall have been duly
failure to hold the election on the day slip
uia ECU, the president Of tuls corporation, or,
in his absence, the vice-president, shall i'm
mediately thereafter call new election to
be held after notice as hereinafter provided.
At all elections and meetings of stockhold-
ers of this corporation each stakeholder
shall be entitled to one vote for each share
of stock registered in he name and may
vote in person or by proxy.
ARTICLE VII.
The power and authority to sell, mort
gage, cucumber or otherwise dispose of the
realty owned by this corporation shall be
vested In the stockholders, according TO their
judgment. expressed at a meeting called
by the president, or in his absence, the vice
president under the instructions of the board
of directors. and a majority of the stock
ARTICLE VIII.
This act of Incorporation may be changed,
modified or amended, and this corporation
may be dissolved by and with the consent
of a majority of the capital stock OF this
corporation present or represented at gen
eral meeting of the stockholders called for
that purpose after notice given In the man
ner provided in Article hereof
Upon the dissolution Of this charter by
limitation or otherwise, its affairs shall be
liquidated by the then president, vice-pres-
ident and secretary treasurer. Should either
other two shall continue the liquidation
alone.
ARTICLE TX.
The capital stock of this corporation may
be increased or decreased In the manner now
or heretofore provided for by the laws OF
this state.
No stakeholder Of this corporation shall
be held liable or responsible for the con
tracts or faults of this corporation in AM
further sum than the unpaid balance due
this corporation on the shares of stock sub
scribed for or owned by him nor shall any
informalfty in organization have the efec
of rendering this charter null, or of expos
ing any stakeholder to any liability beyond
the unpaid balance, IL any, due on his stock
The subscribers hereto have set Opposite
their respective names the number Of shares
Of capital stock subscribed to by them, AM
same shall serve In lieu Of subscription
list.
Thus done and signed at New Orleans
louisiana, this 9th day Of July. nineteel
hundred and twelve, In the presence
Sterling Patterson and Albert Singer. com
petent witnesses, residing I'm this parish