The herald. [volume] (New Orleans, La.) 1905-1953, 1912-09-19

.
nine hundred and twelve, and Of the indie
pcndence Of the United States Of America,
the one hundred and thirty sixth, before me-
Ross +. BrcaZrale. notary public in ana
| for the state and parish aforesaid duly com
miSsioned and qualified, and In the presence
| OF the witnesses hereinafter named and IN
! dcrSigned, personally cam. and appeared
| the parties whose names are hereunto sub
Scribcd, Who declared that, availing them
| selves Of the privileges Of the constitution
| and laws of the state Of Louisiana relative
/ 10 the formation Of corporations they have
coNenauied and agreed, and do hy these pres
entS covenant ana agree and bind them
/ selves, their successors and assigns, and
such persons who may herrlna fter become
| associated with them, u form and cOnSti-
! tute corporation and body polite In law
| FOR the objects and purposes and under the
/ StipulationS and conditions following, 10
/ wit:
ARTICLE I.
! 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 n
period Of niuctyninc years from the date
/ OF this act, with fun power in the prose
| CutiOu and for the purpose Of its business
| as hereinafter defined; To contract. Sue and
/ Toe sued, hold, ALLEVIATE, mortgage, pledge or
! otherW ISc cnCumher any property, movable
/ or immovahe, in or out Of the state of Lou
/ iSiana 10 Issue notes. bonds or other evil
! denCcS Of Indebtedness ami to secure same
! by pledge mortgage or otherwise; to APP
! point or select such directors. officers. mana
] GERS agents OF OF 4tF employees Is the ma
! tire of its business may require, ana TO eX-
| erCiSc all rights and powers that may now
or hereafter be permitted 10y law to corpor-
ationS of this character.
ARTICLE II.
The domicile OF this corporation shall be
| in the city of New Orleans, state Of Lou
isana, and all citations or other legal pro-
cess shall De served upon the president and.
! in his absence, on the vice-preSident, and,
| in his absence. on the OBSERVATION-DISCLOSURES.
ARTICLE Ill
! The objects and purposes for which this
! corporation is established. and the nature
Iof the business TO be carried on by il 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. or
otherwise acquire saw-mills for the purpose
/ Of manufacturing lumber, and TO sell the
same; 10 buy, construct, maintain, lease
and otherwise acquire railroad. railroad
| equipment and tracks for the purposes of
/ It's 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
propriatc TO the powers hereinabove emu
merated.
ARTICLE ".
The capital stock OF this corporation Is
hereby fixed at one hundred thousand dol
sented by one thousand G,000) shares OF
stock, of the par value of one hundred dol
lars (S10O) 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 book
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 when
twenty-five thousand dollars 1925, O0O) of
its capital stock shall have been subscribed
ARTICLE V.
All Of the corporate powers of this cor
poration shall be vested in and exercised by
a board of directors, composed of three
stockholders, two of whom shall constitute
quorum in the transaction Of business.
Said directors shall be elected at a gen.
eral meeting of the stockholders of this cor
! poration to be held on the fifteenth day of
April In each year. unless said day shall be
legal holiday, In which event said election
shall be held on the next succeeding business
day.
Notice Of said election shall be given by
] publication for seven successive days pre-
cedlng the election, in n newspaper OF gen.
5 eral circulation published in the English
language, In the city of New Orleans. Said
] board Of directors shall at the first meeting
OF Its board of directors elect a president,
] ylce-president and secretary-treasurer.
2 The first election for directors under this
5 charter shall be held and shall take place on
the 9th day OF July In the year nineteen
l hundred and twelve, and they shall serve
( unit! their successors shall have been duly
elected and qualified
: ARTICLE VI.
The following shall constitute the first
l board Of directors: Henry n. Sherburne, Il.
: c. Glenn and G.. s. Williams, and the said
Henry n. Sherburne shall be president, the
said r. c. Glenn shall be vice-president, and
the said c. s. Williams shall be secretary
treasurer.
The failure for any cause to elect direc.
E tors on the day stipulated shall not dis
solve the corporation, but the officers and
2 directors then In charge shall hold over I'M
III their successors shall have been duly
: elected and qualified. In the event OF any
failure to hold the election on the day slip
. uia.eu, the president OF tuIs corporation, or,
5 In his absence, the vice-president, shall i'm
=. medately thereafter call a new election 10
, be held after notice as hereinafter provided.
I At all elections and meetings Of stockhold-
] ers of this corporation each stakeholder
] shall be entitled to one vote for each share
of stock registered in he name and may
vote in person or by proxy.
: ARTICLE VII.
The power and authority to sell, mort
: gage, cucumber or otherwise dispose of the
: realty owned by this corporation shall be
] vested In the stockholders, according to their
judgment. expressed at a meeting called
: by the president, or In his absence, the vice.
D president under the instructions of the board
e Of directors; and a majority Of the stock
t ARTICLE VIII.
e This act OF Incorporation may be changed
: modified or amended, and this corporation
l. may be dissolved by and with the consent
: OF a majority of the capital stock of thu
, corporation present or represented at a gen
a eral meeting Of the stockholders called foI
= that purpose after notice given In the man
ner provided in Article hereof
Upon the dissolution OF this charter by
e limitation or otherwise, Its affairs shall be
t liquldated by the then president, vice-pres
s ident and secretary-treasurer. Should either
r be unable or cease to act for any cause, the
n other two shall continue the liquidation
alone.
ARTICLE TX.
The capital stock of this corporation may
= be increased or decreased In the manner nov
], or heretofore provided for by the laws o.
q this state.
No stakeholder Of this corporation shall
n be held liable or responsible for the con
!, tracts or faults Of this corporation in an
o further sum than the unpaid balance dul
this corporation on the shares of stock sub
=, scribed for or owned by him nor snail an,
y linformalfty in organization have the effec
4 of rendering this charter null, or OF expos
a ing any stakeholder to any liability beyon
:. the unpaid balance, II any, due on his stock
q The subscribers hereto have set opposlt
a their respective names the number OF share
Of capital stock subscribed to by them, an
a same shall serve In lieu Of a subscription
% list.
= Thus done and signed at New Orleans
o Louisiana, this 9th day OF July, ninetee
. hundred and twelve, IN the presence o
| Sterling Parkerson and Albert Singer, CON
o. petent witnesses. residing In this parish
Is who have hereunto signed these presents
10 together with the said appearers and me
- notary, after due reading OF the whole.
:. Original signed: Henry n. Sherburnt
4 ~ H..