The herald., 1912-10-03


UNITED STATES OF AMERICA. STATE
OF LOUISIANA, PARISH OF ORLEANS,
CITY OF NEW ORLEANS.
Re ii known, that on this ninth day of
July, in the year OF our Lord, one thousand
nine hundred and twelve, and of the indie
pendence of the United States of America,
the one hundred and thirty-sixth, before me,
Ross T.. BreaZeale, notary public in and
for the state and parish aforesaid. duly com
miSSiOned and qualified, and in the presence
OF the witnesses hereinafter named and un
dersigned, personally came and appeared
the parties whose names are hereunto sub
Scribed, who declared that, availinS 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, 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
for the objects and purposes, and under the
stipulatiOns and conditions following, to
wit:
ARTICLE I.
The name of this corporation shall be the
Calumet Land and Timber Company" and
under such name, 1t 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, OF
otherwise cucumber any property, movable
or immovable, in or out of the state of Lou
iSlana to issue notes, bonds or other evil
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 domicie OF this corporation shall be
in the city of New Orleans, state of Lou
isana, and all citations other legal pro
cess shall be served upon the president, and
In his absence, on the vtce-president, and
in his absence. on the secr6tary-treasurer.
ARTICLE III.
The objects and purposes for which this
corporation is established, and the nature
of the business to be carried on by ii 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 ap
propriate to the powers hereinabove emu
merated.
The capital stock of this corporation Is
hereby fixed at one hundred thousand dol
lars (S1OOO00). divided into and repre-
sented by one thousand G,OOO) shares OF
stock. of the par value Of one hundred dol
lars (S10Ol 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 boob
and no transfer shall be in any manner
binding on this corporation until so entered
This corporation may become going con
Germ, and may commence business wneI
twenty-five thousand dollars (S25,O00) OF
its capital stock shall have been subscribed
for.
All of the corporate powers Of this cor
poration shall be vested in and exercised by
a board of directors, composed Of thre'
stockholders, two of whom shall constitute
a quorum In the transaction Of business.
Said directors shall be elected at gen
eral meeting Of the stockholders of this cor
poration to be held on the fifteenth day o.
April in each year, unless said day shall b
a legal holiday, in which event said election
shall be held on the next succeeding bushes!
Notice of said election shall be given by
publication for seven successive days pre-
ceding the election, in a newspaper of gen
eral circulation published In the English
language, in the city of New Orleans. Sale
board of directors shall at the first meetin:
of its board Of directors elect president
vice-president and secretary-treasurer.
The first election for directors under TIL!
charter shall be held and shall take place OF
the 9th day Of July in the year nineteer
hundred and twelve, and they shall serv'
until their successors shall have been duly
elected and qualified.
ARTICLE VI.
The following shall constitute the frs
board of directors Henry n. Sherburne, II
c. Glenn and c. S. Williams, and the saiC
Henry NJ Sherburne shall be president thu
said e. C. Glenn shall be vice-president, anC
the said C.. s. Williams shall be secretary
The failure for any cause to elect direc
tors on the day stipulated shall not dis
solve the corporation, but the officers anC
directors then in charge shall hold over un
til their successors shall have been dull
elected and qualified. In the event OF any
failure to hold the election on the day slip
uIa ,e., the president of ,~ls corporation, or
In his absence, the vice-president, shall I'm
mediately thereafter call a new election Z.
be held after notice as hereinafter provided
At all elections and meetings OF stockhold
ers of this corporation each stockholde
shall he entitled to one vote for each shar'
of stock registered in his name and ma,
vote in person or by proxy.
ARTICLE VII.
The power and authority to sell, mort
gage, cucumber or otherwise dispose of tn
realty owned by this corporation shall b
vested In the stockholders. according to thei
judgment, expressed at meeting called
by the president, or In his absence, the vice
president under the instructions OF the boar
of directors, and a majority of the stool
ARTICLE VIII.
This act of Incorporation may be changed
modified or amended, and this corporation
may be dissolved by and with the consen
of a majority of the capital stock of thi
corporation present or represented at gen
eral meeting of the stockholders called 70
that purpose after notice given In the man
ner provided In Article hereof.
Upon the dissolution OF this charter b,
limitation or otherwise, its affairs shall b
liauidated by the then president, vice-pres
ident and secretary-treasurer. Should efthe
be unable or cease to act for any cause, tn
other two shall continue the liquidation
alone.
The capital stock Of this corporation ma!
be increased or decreased in the manner nov
or heretofore provided for by the laws o
this state.
No stakeholder Of this corporation shall
be held liable or responsible for the con
tracts or faults of this corporation In an,
further sum than the unpaid balance dn
this corporation on the shares Of stock sub
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 stakeholder to any liability beyon'
the unpaid balance, II 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
hail IN NJ a