The herald. [volume] (New Orleans, La.) 1905-1953, 1912-09-12

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! The one hundred and thirty-SiNth, before me,
| Ross T. BrraZcalc, notary public in and
| Tor the state ana parish aforesaid, duly com
miSSiOned and qualified. and I'm the presence
| OF the witnesses hereinafter named and un-
| dcrS!Ened, personally came and appeared:
| the parties whose names are hcretnto sub
! scrihed, who declared that availing them
| selves Of the privileges Of the constitution
! and laws Of the state of Louisiana relative
! to the formation Of corporations they have
| Covenanted and agreed, aud 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 a corporation and body polite in law
| Tor the objects and purposes and under the
| stipulations and conditions following, to-
wit:
ARTICLE l.
The name of this corporation shall be the
Calumet Land and Timber Company" and
under such name, il shall have and enjoy
! corporate existence and succession for
period of ninety-ninC years from the date
of this act, with fun power in the prose
| cution and for the purpose of It's business
as hereinafter defined; to contract sue and
he sued, hold, ALLEVIATE mortgage. pledge, or
i otherwise cucumber any property, movable
| or immOvahle, in or out of the state of Lou
iSiana TO issue notes, bonds or other evil
Il denceS of Indebtedness and to secure same
by pledge mortgage or otherwise; to ap-
Il point or select such directors officers. mana
gers, agents or other employees as the ma
ture of its business may require, and to ex-
ercisc all rights and powers that may now
atlOns Of this character.
II ARTICLE II.
The dOmicile Of this corporation shall be
in the city Of New Orleans, state Of Lou
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 secrdtary-tr treasurer.
ARTICLE III.
The objects and purposes for which this
I corporation is established and the nature
! of the business 10 be carried on by ii are
hereby declared to be
To buy, sell, lease and deal in timber,
Z agricultural and wet lands, within or with
out the state; TO buy, construct, lease, or
! | otherwise acquire Saw-mills for the purpose
I 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-
cation and immigration in connection there
with, and generally TO do and perform any
( and all things incidental, pertinent or APP
Q propriate TO the powers hereinaboye emu
merated.
4 ARTICLE ".
The capital stock of this corporation Is
hereby fixed at one hundred thousand dol
lars (S1OO,OO0), divided into and repre-
' sented by one thousand 10000 shares of
. stock, Of the par value Of one hundred dol
/, lars $1,000 each. Which said stock shall
4 be paid for In cash or may be issued in pay
r ment Of and for rights or property actually
u received by this corporation. All transfers
of shares of the capital stock Of this cor
L
# and no transfer shall be in any manner
binding on this corporation until so entered.
B. This corporation may become going CON
Germ, and may commence business wnen
= twenty-five thousand dollars (S25,OOO) of
its capital stock shall have been subscribed
for.
q All Of the corporate powers Of this cor
a pOratiOn shall be vested in and exercised by
: a board Of directors, composed OF three
q stockholders two of whom shall constitute
/ Transaction business
Said directors shall be elected at a gen.
eral meeting of the stockholders of this cor
1 poration to be held on the fifteenth day of
A April in each year, unless said day shall be
- legal holiday, in which event said election
r shall be held on the next succeeding business
,. day.
Notice of said election shall be given by
!, publication for seven successive days pre-
o cedng the election, in a newspaper of gen
era eircpat ion pub published Isl do In the English
- board OF directors shall at the first meeting
of its board of directors elect a president,
vice 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
= until their successors shall have been duly
d elected and qualified.
8 ARTICLE W.
), The following shall constitute the first
board Of directors Henry ". Sherburne, Il.
7, c. Glenn and G. s. Williams, and the said
:, Henry N. Sherburne shall be president, the
said +: c. Glenn shall be vice-president, 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
z til their successors shall have been duly
:, elected and qualified. In the event OF any
Ia failure to hold the election on the day stip-
n uIa,vu, the president OF luis corporation, or,
in his absence, the vice-president. shall i'm
medately thereafter call a new election To
fao hnI n mt fCa hora linn fHa1
At all elections and meetings of stockhold
ers of this corporation each stakeholder
n shall be entitled to one vote for each share
- of stock registered in he name and may
n Article VII.
The power and authority to sell, mort.
. gage, cucumber or otherwise dispose OF the
n realty owned by this corporation shall be
= vested in the stockholders. according to their
Judgment, expressed at meeting called
y by the president, or In his absence, the vice.
president under the instructions Of the board
Of directors; and 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
10 Of a majority Of the capital stock OF this
n corporation present or represented at a gen
v eral meeting of the stockholders called fol
that purpose after notice given In the man
ner provided In Article V hereof.
Upon the dissolution of this charter BY
Limitation or otherwise, its affairs shall b
., liquidated by the then president, vice-pres
m ident and secretary-treasurer. Should either
be unable or cease to act for any cause, tn,
10 other two shall continue the liquidation
o. alone.
ARTICLE TX.
The capital stock OF this corporation MAJ
be Increased or decreased in the manner nov
or heretofore provided for by the laws o.
this state
No stOckhoder Of this corporation shall
"a be held liable or responsible for the con
N tracts or faults of this corporation In an
y further sum than the unpaid balance du
a. this corporation on the shares OF stock sub
g. scribed for or owned by him nor snail an
informality in organization have the effec
- of rendering this charter null, or Of expos
ing any stockhOlder to any liability beyOn'
the unpaid balance, IL any, due on his stock
The subscribers hereto have set opposite
their respective names the number Of share
=, Of capital stock subscribed TO by them, ant
10 same shall serve In lieu Of a subscription
10. list.
O Thus done and signed at New Orleans
Louisiana, this 9th day OF July, nineteel
an hundred and twelve, In the presence o
IA. Sterling Parkerson and Albert Singer, com
petent witnesses. residing in this parish
who have hereunto signed these presents
together with the said appearers and me
notary, after due reading Of the whole.
Original signed Henry N. Sherburne
nd 100 shares r. G. Glenn. 100 shares G. A
-. Williams, 260 shares Witnesses Stirlin
Fe Parkerson, Albert Singer.
p0 moss y RpEAZEAIE