The herald. [volume] (New Orleans, La.) 1905-1953, 1912-05-23

its affairs. and the same to change and alter |
at pleasure to do all other acts and things |
as shall be necessary or proper to carry |
out the objects and purposes of said cOrpO- |
ration; said corporation unless sooner dis |
solved, In accordance with its charter. shall |
exist and continue for the period Of ninety |
nine years from the date hereof; the preSi- |
dent, or in his absence, the vice president |
shall be the proper person upon whom eta |
tion or other legal process shall be served |
ARTICLE TWO.
The objects and purposes for which this |
corporation Is organized, and the nature of |
the business TO be- carried on by ii. are here |
by declared to be, to manufacture, buy and |
sell wooden boxes and crates, TO dress and |
manufacture lumber, and generally to do |
any and every act or acts. thing or things. |
incidental 10 or growing out of or connected |
with the said business.
ARTICLE THREE.
The capital stock OF this corporation is |
hereby fixed al the sum of twenty-five thou |
sand (s25.OOO.OO) dollars. divided into two
hundred and fifty (25OD shares of the par
value Of one hundred dollars (S10O.O0) each,
which said stock shall be paid for in cash
at such times and in such portions thereof
as the board OF directors may require or
the same may be issued fully paid and non
assessabe. at not less than par, in payment
or exchange for property or rights actually
received or purchased by said corporation.
or the same may be issued fully paid for
money advanced, or for such other valuable
consideration or for services rendered, as
the board of directors may determine. This
corporation shall become a going concern as
! soon three thousand dollars ($3. 900 OOI
of its capital stock shall have been sub
scribed.
ARTICLE FOUR.
! All the corporate powers of this corpora
| ton shall be exercised In and the business
thereof shall be managed by a board of d.
rectOrs composed of five stockholders, a ma
jority OF whom shall form a quorum to
| transact business.
The following named persons shall con-
! stitute the first board Of directors, who shall
hold their Office until the 18th day of May
| shall have been elected and qualified. TO-
wit s. II. Hasam, August Stef. J. Il. Behr-
ems. X. j. Seghers and Bryan Black.
ION on the 10th day Of May, In the year Of
year thereafter, an election Of directors shall
| be had by ballot at the office of the corpora
ton in the city of New Orleans. between the
hours Of ten o'clock a. m. and two o'clock
p. m, of which said election at least ten
days previous notice shall be given by mall
| ing notices of said meeting to all stockhod-
| residence.
Each and every holder OF stock shall be
entitled at all elections either in person or
by written proxy. to vote one vote for each
share of stock which they may hold a ma
{0rity of the votes cast shall be required to
elect.
| r
ter, and each board which may be hereafter
elected as above provided shall elect from
| their own number a president, a vicepresi-
dent and a secretary,treasurer. Any men,
Der of the board Of directors of this corpO-
ration shall have the right to appoint any
stakeholder to act for and represent him at
all meetings of the said board of directors.
The said appointment shall be In writing
and shall be entered on the minutes Of the
corporation and shall continue in force and
effect until revoked by a similar instrument
| In writing addressed to the secretary-treas
urer of the corporation. The stakeholder
holding such power Of attorney from any di-
rector shall. until the power is revoked as
above provided be entitled to exercise and
enjoy at all meetings of the board of direc-
tors the same privileges as though he had
been duly elected as a director. Any va
cancy occurring In the board Of directors
shall be filed by the remaining directors for
the unexpred term.
ARTICLE FIVE.
This act Of Incorporation may be changed
or altered, or this corporation NAV be dis
solved with the consent of the stockholders
owning three fourths of the stock Of the cor
poration represented at a general meeting
convened for that purpose, of which said
meeting at least ten days written notice
shall have been given by mail addressed to
each stakeholder of record at his last known
place of residence.
ARTICLE SIX.
No stakeholder of this corporation shall
ever be held liable for any of the debts,
contracts, faults or obligations of this cor
poration in any further sum than the un-
paid balance, If any, due to the corporation
/ on the shares of stock owned by them nor
shall any informality in the organization of
! this company render this charter void or
expose any stakeholder to any liability be-
; yond the amount remaining due on his
stock. Nor shall a failure at any time to
hold meetings, to elect directors or officers,
] as herein provided for, work the forfeiture
or this charter, or dissolve the corporation,
but the existing board of directors and Off.
GERS shall remain in office until their sue
cessors be elected and qualify.
ARTICLE SEVEN.
/ Whenever this corporation Is dissolved.
either by limitation or from any other cause
its affairs shall be liquldated by one or more
commissioners to be appointed from among
the stockholders at the same meeting or at
any adjournment thereof at which such dis
solution may be decided upon, or at a meet
ing called for that purpose. of which meet
= ing the same notice shall be given as pro-
lvided under the terms of Article hereof
for meetings held for the purpose of amend
ing the charter or dissolving the corpora
tion and a majority in amount of the CAPT
tai stock of this corporation represented and
voting at such meetings shall be requisite to
elect The majority OF stock represented
and voting at said meeting shall have the
right to fix and define the powers, duty and
compensation OF said commissioners, and the
| II any, 10 De furnished Dy them.
said commissioners shall remain in office I'M.
III the affairs OF the said corporation shall
? have been fully liqudated and the assets
distributed. In case of death, resignation.
j or Inability to act of one or more of the said
! commissioners the survivors shall continue
to act with the same power. and shall be
, authorized TO continue and complete the IL
quotation.
ARTICLE EIGHT.
: No sale of any Of the stock Of this corpo-
ration shall be recognized until the same
snail nave been transferred on the books of
this corporation In the name of the pur-
chaser and in no case shall less than one
full share be transferred
ARTICLE NINE.
The persons whose names are hereunto
subscribed are hereby declared to be the in
eorporators of this corporation and have
respectively written opposite their names
| the amount Of stock subscribed by each one
| Of them.
! Thus done and passed in my notarial Of
| tice in the city of New Orleans, parish Of
Orleans, state of louisiana in the presence
! OF Walter s. Lewis and Fred C. 0uerens.
competent witnesses, of lawful age, both re-
siding In the city of New Orleans state of
Louisiana, who have hereunto signed their
names together with said appearers and me.
notary, after due reading of the whole on
the day, month and year first above written.
Original signed): s. H. Hasam. 80
shares; A Stef. 8 shares; Jos. r. Behrens,