The herald., 1912-06-13
CHARTER.
OF THE RAINwATER LUMBER COMPANY

I Il
missioned and qualified in and for the Par
| ish of Orleans, therein residing, and in tn,
| presence of the witnesses hereinafter named
ana undersigned, personally came and ap
| peared the several parties whose names
| are hereuntO subscribed. who sevcrallv de
! clared that, availng themselves of the pro
| visions of the laws of Louisiana, relative e
| corporations, do hereby for themselves and
| Tor those who may hereafter become associ
| ated with them. form a corporation and body
| polite In law for the objects and purpose,
and under the stipulationS and condit ions
| hereinafter set forth. tO-wit:
| ARTICLE l.
| The name and title OF this corporation
| shall be: The Rainwater Lumber COMPANY
and under that name it shall have and enjoy
| corporate existence for a period OF NINETY
| nine years from date hereof.
! 1t shall have the power and right to con.
| tract ana be contracted with, sue and he
sued, and TO make ana use a corporate sea-
| and the same to alter and break al pleasure
| TO hold, receive, lease. purchase, sell and
| convey, as well as mortgage and hypothecate
| under its said corporate name property both
| real and personal: to borrow and lend mo
/ ney, 10 give and receive securities therefor
| TO name and appoint such managers officers
| directors, oYcrSeerS and agents as the in
| terest and convenience of said corporation
| may require; 10 make and establish such by
laws, rules and regulations may be ncceS
| sary and proper and the same 10 alter auo
| amend at pleasure.
! ARTICLE H.
The domicile OF said corporation shall h,
in the City OF New Orleans State OF IOuisi
ana, and all legal process shall be served
upon the president or, in his absence, upon
( the secretary.
ARTICLE III.
The objects and purposes for which said
| corporation Is organized are hereby declared
to he the buying and selling OF lumber. logs
! timber and generally all other forest prod
ucts and for that purpose the buying. selling
and leasing of timbered lands in this anC
other states; and ii may build, own and opcr
ate sawmills and box and veneer factories
either in Louisiana or other states and If
shall have power of doing all things ncceS
sary, germane and incidental to the bust
ness above stated
ARTICLE ".
| The capital stock OF said CORPORATION shall
| be twenty five thousand ($2J, 0OOD dollars, tC
be divided into two hundred and fifty shares
each or the par value of one hundred dol
lars, payable in cash or its equivalent. And
| TINS corporation shall become a going con
| Germ as soon as five thousand dollars of It,
capital stock shall have been subscribed snG
paid for.
ARTICLE V.
All the powers OF this corporation shall
be vested In and be exercised by a board OF
directors and all the business affairs shall
be conducted by said board to be composed
| or not less than three and not more than
five stockholders, who shall be elected annu
| ally at a meeting held on the third Thurs
| day OF May of each year, at which time Off
GERS also shall be elected and shall hold their
|
elected and qualified. Vacancies occurring
on said board from whatever cause shall bt
filled by the remaining directors.
| ARTICLE vi.
| The board OF directors shall have the DOW
er TO make all bylaws necessary for the
! conduct OF the affairs Of the corporation and
shall also appoint such other officers, agents
aud employees as may to the said hoard
seem necessary. A majority Of said board
shall constitute quorum for the transac
| tion of business.
Until the third Thursday OF May. 1913
| and until their successors shall have beer
elected and qualified the following shall con
stitute the first board of directors and off
GERS James Hand, president; Ed. VI. Davis
vice-president, and Jesse G. Rainwater, sec
| rotary and treasurer
Notice OF said election shall be given by
ten days prior notice to the meeting OF the
stockholders, by mailing to each known stock
holder TO such address as shall have been
given by him TO the company, or by publica
| ton inserted In one Of the New Orleans
| papers three times In ten days previous &c
said election. At all meetings Of the stock
the stock voting shall prevail and each share
shall be entitled TO one vote, in person or by
proxy.
ARTICLE VI.
| The act OF Incorporation may be altered
and amended by a vote OF three-fourths In
| amount OF the capital stock, or said corpor
| alton may be dissolved by a vote of three
fourths in amount Of said stock at a general
1 VI TIE slOCk0Ol0eTS convened IOl
| that purpose after ten days prior notice OF
| such meeting shall have been published II
one of the daily newspapers of New Orlean.
and a copy of said notice mailed to eacf
| stakeholder at his last known address.
| ARTICLE VII.
The capital stock of this corporation may
be increased or decreased to any sum by vote
Of three-fourths in amount Of the capita
stock issued. at a general meeting Of tn,
| stockholders convened for that purpose at
ter thirty days prior notice of such meetins
shall have been published In one OF the daily
| newspapers OF New Orleans and a copy OF
said notice mailed to each stakeholder at hi.
last known place Of business.
Any additional increase In capital that
may be made, from time to time, shall first
| be offered to the then existing stockholders
pro-rata and II any stakeholder shall declin,
or refuse to pay for said pro-rata increase
| OF the capital stock, within ten days after
same shall have been offered him. then such
stock shall be allotted to the other stock
holders in proportion to their holdings oil
sold to others as the board Of directors may
| determine.
| ARTICLE VIII.
| Whenever said corporation shall be dis
| solved by Limitation or sooner by vote Of the
stockholders two liquidators shall be elected
at general meeting held after ten days no
| tice as above provided. These liquidators
shall continue in Office until the full liqui
| dalton of the affairs of said corporation, and
in the event Of the death or disability OF
| either OF them, the stockholders may elect
| suCCeSsOT, UT IL they 10 uol eject SUE
cessor, the powers of both liquidators shall
| be vested in the remaining liquidator.
ARTICLE TX.
| No stakeholder of this corporation shall
| ever be held liable or responsible for the con
| tracts or faults of the corporation in any
| further sum than the unpaid balance due the
| corporation on the shares OF stock subscribed
| for by him nor shall any informally In or
| ganlzation havei the effect of rendering thi:
| charter null or Of exposing a stakeholder &c
any liability beyond such unpaid balance. II
any.
Thus done and passed In nv ONCE, In the
City Of New Orleans, on the day. month and
year first hereinabove written, In the pres
| ence of John r. Perez and Raoul c. Favret
| competent witnesses, who have hereuntC
signed together with me, notary, after due
reading OF the whole.
(Original signed) James Hand 95 shares
by J. G. Rainwater; f. NJ. Davis, 10 shares
| by ]. G. Rainwater; ]. G.. Rainwater. sc
shares. John r. Perez; r; {; Fsyret;
(SeaD Notary Public
I, the undersigned Recorder of Mortgage:
| in and for the parish Of Orleans, State Of
| Louisiana, do hereby certify that the above
and foregoing act of Incorporation of TIL,
| Rainwater Lumber Company, was this day
duly recorded in my Office In book 1855, 70
Ito =. New Orleans, May 9, 1912.
(Signed) EMILE LEONARD, ID. R.
A true copy.
| (SeaD Notary Public
may o ie % 80 June 10 1912
Tho Original Lovers Leap.
Sappho's Leap was the name given