The herald. [volume] (New Orleans, La.) 1905-1953, 1912-04-04
CHARTER
OF LANE TIMBER COMPANY.

UNITED STATES OF AMERICA. STATE
OF LOUISIANA, CITY OF NEW OR
LEANS, PARISH OF ORLEANS.
Be 1t known, That on this seventeenth
C1Ith) day Of the month Of February, in
the year of Our Lord one thousand nine
hundred and twelve Q912), and Of the In
lea. the one hundred and thirty-sixth
l136th). before me, Henry Leon Sarpy, a
Notary Public, duly commissioned and quail
flied in and for the Parish of Orleans, State
or louisiana, and in the presence of the
witnesses hereinafter named and under
signed personally came and appeared Ed
ward E. Mobery, represented herein by
Walter c. Kent: Mrs. Mary f. Adm Hall.
the widow Of the late Harry ii. Hall. rep
resented herein by J. Blanc Monroe: ].
Blanc Monroe, and Walter c. Kent. all res
idents OF the City Of New Orleans. State of
Louisiana, with the exception OF Edward f.
MoDerly. who is resident of Los Angeles.
State OF California all OF the full age of
majority. who declared, that. availing them
selves OF the provisions Of the laws OF this
state relative TO the formation of corpora
tions, they do by these presents covenant,
agree and bind themselves. as well as such
persons as may hereafter become associated
with them, OF form and constitute cOrpor-
alton and body polite in law, for the pur-
poses and under the agreements and stipu-
latiOns following, which they adopt as their
articles OF incorporation, to-wit:
ARTICLE I.
The name and title Of this corporation
shall be Lane Timber Company" and IN
der its said corporate name il shall nave
full power and authority TO have and enjoy
corporate existence and succession for the
term OF ninety-nine years from and after
the date hereof: to contract sue and be
sued TO 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 well as to
mortgage and hypoInecate property, real and
personal; to issue stocks and bonds there
Tor; to name and appoint such managers,
directors, officers or agents as the interests
OF said corporation may require; and to es-
tabiSh such bylaws rules and regula lions
for the proper management Of the affairs OF
said corporation as may be necessary and
proper, the same TO alter at pleasure and
generally 10 DO and perform all such acts
as may be proper and necessary to carry out
and execute the purposes Of this corporation.
ARTICLE II.
The objects and purposes for which thi,
corporation is formed and the general ma
ture OF the business TO be carried on by IL
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
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-president, 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 $780,
00O.00, divided into or represented by six
hundred (6OO) shares OF one hundred dol
lars lS1OOOO) each, which shares shall be
paid for In cash at such times and in such
amounts as 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-
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 to each subscrib-
er TO 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
this corporation. Said directors shall be
elected annually on the second Tuesday az.
ter the first Monday in december in each
year; the first election to be held in 1912
All such elections snan 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 IL 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
continue 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 years
II, at any time, there should be a failure
TO hold a stockholders meeting to elect d.
rectOrs. or, II at such meeting there should
be failure to elect directors as above pro