The herald., 1912-02-29

OF LOUISVILLE, anu III th'
witnesses hereinafter named and under
signed personally came and appeared I'd
ward f. MOberly, represented herclh 10y
Walter c. Kent; Mrs. Mary r; Adann nan
resented herein by J. Blanc Monroe j.
Blanc Monroe, and Walter &. Kent, All res
idents of the City of New Orleans, state OF
louisiana with the exception OF Edward L.
WoberIy. who is a resident OF Los Angeles,
state Of California all of the full age "f
ma jority. who declared, that: aNalllhS mem
selves of the provisions OF the laws OF 'hIS
state relative to the formation or corpora
lions they do by these presents covenant,
agree and bind themselves as well as sucn
persons as may hereafter become asSoclateh
with them, OF form and constitute c'rPoI-
alton and body polite in law. for he pur-
poses and under the agreements ana Stlpn-
iations following, which they adopt rs their
articles of Incorporation, to-wit
ARTICLE l.
The name and title OF this corporation
shall be- Lane Timber COMPANY, and un-
der its said corporate name II shall nav"
full power and authority to have anu ENJOY
corporate existence and succession for IN"
term of nincty-nne years from ana aiter
the date hereof; TO contract, sue and De
sued: 10 make and use a corporate SEAL and
the same to break or change at pleasure
to hold in fee or otherwise; receive, lease,
purchase, ALLEVIATE and convey as We'll as 10
mortgage and hypoJnecate property, real and
personal: 10 issue stocks AMI bonds there
for: TO name and appoint such managers.
directors, officers or agents as the interests
of said corporation may require; and to cS-
tablish such bylaws, rules and regulations
for the proper management of the affairs OF
said corporation as may be necessary ana
proper, the same to alter at pleasure; ana
generally TO do and perform all such acts
as NAV be proper and necessary 10 carry out
ana execute the purposes of this corporation.
ARTICLE II.
The objects and purposes for which this
corporation is formed and the general ma
ture Of the business TO be carried ON by II
are declared and specified to be: the man
ufacture OF all kinds of lumber. the con-
struction and operation OF sawmillS and all
other buildings, manufacturing establish
ments and appliances necessary or conve-
nient for the prosecution of this business
the buying, selling, holding and leasing OF
all real estate, stumpage, logs, lumber and
all kinds Of building materials; the estab-
liShment and conduct of lumber yards, the
construction. acquisition and operation Of
such tramwayS, railroads, canals, SchoOnerS,
steamboats, and other means OF transporta-
ton as may be required, and, in connection
Herewith, the owning and operating of tele-
graph and telephone lines and the conduct
ing of general country stores, and, generally,
the doing of any and all acts ordinarily
pertaining TO its business whether within or
without the limits of the State OF Louisi-
ana.
ARTICLE III
The domicile of this corporation and its
principal place of business shall be In the
City of New Orleans, State of Louisiana.
The president of said corporation, and in
his absence the vice-presldent, are designated
as the officers upon whom service of cita-
tion and other legal process shall be made.
ARTICLE ".
The capital stock OF this corporation is
hereby fixed at sixty thousand dollars $500
100000, divided into or represented by six
hundred l60O) shares of one hundred dol
lars t$l0O00l each. which shares shall be
paid for in cash at such times and in such
amounts the Board of Directors may de
termine; or the said stock may be issued at
not less than par in payment of property
actually received or purchased by said cor
pOratiOn. or for labor done or money actu-
ally received Said company may COM !
mence business Immediately upon the sub
scriptiOn of its entire capital stock as evil
denced by this act of Incorporation.
Certificates of stock fully paid and non
assessable shall be issued 10 each subscrib-
or 10 the amount paid by him therefor.
ARTICLE V.
All the corporate powers of this corpOr-
alton shall be- vested in and exercised by
the Board of Directors TO be composed OF
three persons. who shall be stockholders of
elected annually on the second Tuesday af
ter the first Monday in december in each
year; the first election 10 be held in 1912.
All such elections shan be by ballot, and
shall be held at the office of the corpora
ton, under the supervision of three COM
missiOners, TO be appointed by the Board of
Directors, during the hours from 10 o'clock
in the forenoon TO II O'Clock meridian. Ten
days prior notice of such election shall be
given by publication in one of the daily
newspapers published in the City of New
Orleans.
The directors thus elected shall serve and
COutinup in Office until their Successors shall
have been elected.
At such elections, each stakeholder shall
be entitled to cast one vote for each and
every share OF stock held by him either in
person or by proxy, and the majority of the
votes cast shall elect the directors for the
ensuing year
10 hold a stockholders meeting TO elect di-
rectors. or, If at such meeting, there should
be a failure TO elect directors as above pro-
yided, such failure shall not dissolve the
corporation. but the then existing Board of
Directors shall continue TO hold Office and
as soon as may be practicable thereafter,
another election shall be held. whereof ten
days prior notice shall be given by pub
LEGATION in one of the daily newspapers pub
lished in the City OF New Orleans Any
vacancy occurring in the Board Of Direc-
tors from any cause whatever, shall be
filled by the remaining directors.
The following named persons shall con-
stitute the first Board of Directors and
shall continue in Office until the first meet
VI stOChuOlueTS as dDONe PROVIDED
and until their successors are duly elected
and qualified, to-wit: Edward Il. MOberly
Walter c. Kent and ]. Blanc Monroe.
ARTICLE vi.
The officers of this corporation shall be
a President a Vice-President, a Secretary
Treasurer and such other officers as NAV
| be prescribed by the laws of said corpora
| ton. The Office of secretary, treasurer and
vice-president may be held by one and the
same person. Said officers shall be chosen
by the Board of Directors at its first meet
| ing succeeding the meeting of the stock
| holders at the beginning of each year. The
| following named persons are hereby chosen
| and designated to fill said Offices until the
| election and qualification of their successors
| in the year 1913. to-wit: Edward Z. Mo-
berly, president: Walter c. Kent, vice-presi-
| dent and treasurer, and ]. Blanc Monroe,
| secretary. The powers and duties of such
| officers shall be such as are customarily en-
| Joyed and exercised by similar officers and
such as may. be prescribed by the laws OF
| this corporation.
ARTICLE VII
| Any written resolution by the owners of
| all the stock of this corporation and spread
| at length on the records of said corporation
4 by Its secretary shall have the same force
| and effect as IL Dassed at any vanaraI or