The herald., 1912-03-21
CHARTER
OF LANE TIMBER COMPANY.

UNITED STATES OF AMERICA STATE
LEANS, PARISH OF ORLEANS.
Be it known That on this seventeenth
Q1th) day of the month of February, in
the year Of Our Lord one thousand nine
hundred and twelve (1912), and of the In
dependence of the United States Of Amer
lea, the one hundred and thirty-sixth
.lS6th); before me, Henry Leon Sarpy, a
iied in and for the Parish of Orleans, State
OF Louisiana, and in the presence of the
witnesses hereinafter named and under
signed, personally came and appeared: Ed
ward E; Moberly,. represented herein by
Walter c. Kent; Mrs. Mary +. Adam Hall,
the widow of the late Harry II. Hall, rep
resented herein by J. Blanc Monroe; J.
idents of the City of New Orleans, State OF
Louisiana, with the exception of Edward Z.
Moberly, who Is resident Of Los Angeles
State of California; all of the full age of
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 a corpOr-
alton and body polite In law for the pur-
poses and under the agreements and stipu-
lations following, which they adopt as their
ARTICLE I.
The name and title Of this corporation
shall be Lane Timber Company" and I'M
der Its said corporate name IL shall have
fuu 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
for; TO name and appoint such managers
directors, officers or agents as the interests
or said corporation NAV require: and to es-
tablish such bylaws, rules and regulations
Tor the proper management Of the affairs Of
said corporation as may be necessary and
proper, the same to alter at pleasure; and
generally TO 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 Thu.
corporation Is formed and the general ma
ture or 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-
tion 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 omcers upon whom service Of cita-
ton and other legal process shall be made
ARTICLE ".
The capital stock Of this corporation is
hereby fixed at sixty thousand dollars $780,
hundred 5000 shares Of one hundred dol
lars (S1OO00) each, which shares shall be
paid Tor In cash at such times and In such
amounts as the Board of Directors may de-
termlne; 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 nom
assessable shall be issued to each subscrib-
er to the amount paid by him therefor.
ARTICLE V.
All the corporate powers Of this corpor-
In. ara1 -afz
the Board of Directors to be composed OF
this corporation. Said directors shall be
elected annually on the second Tuesday af-
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
snail be held at the Office OF the corpora
ton, under the supervision Of three COM
mlssloners, 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 year.
If, at any time, there should be a failure
to hold a stockholders meeting to elect d.
rectors, or, II at such meeting, there should
bq n f0iIuro IN o1<upf dtrocfopo at~nvo no