The herald. [volume] (New Orleans, La.) 1905-1953, 1912-06-06
CHARTER.
OF THE RAINwATER LUMBER COMPANY
UNITED STATES OF AMERICA. STAT
OLE LDI-ISIANA IARISII DE NRI.EANs

ana Undersigned personally came and ap-
pcared the several parties whose names
are hereuntO subscribed, who seyerally de
clared that, ayailing themselves OF the pro-
visions of the laws OF Louisiana, relative to
corporations, do hereby for themselves and
for those who may hereafter become as>oci-
ated with them, form a corporation and body
polite in law for the objects and purposes
and under the stipulations and conditions
hereinafter set forth. tO-wit
ARTICLE |.
The name and title OF this corporation
shall be The Rainwater Lumber Company
and under that name II 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 and he contracted with, sue and be
sued. and TO make and use a corporate seal
and the same to alter and break at 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, OvcrSeerS and agents the in
| terest and convenience Of said corporation
may require; TO make and establish such by
| laws, rules and regulations as may be neceS-
| Sary and proper and the same TO alter and
amend at pleasure.
The domicile of said corporation shall be
| in the City Of New Orleans, State Of Louisi-
ana. and all legal process shall he 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 be 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 and
other states; and IL may build, own and Oper-
| ate SawmillS and box and veneer factories.
| either in Louisiana or other states; and IL
shall have power of doing all things neces-
sary, germane and incidental TO the bust
ness above stated.
ARTICLE ".
| The capital stock Of said corporation shall
be twenty-five thousand 1925, 0OOb dollars Ia
be divided into two hundred and fifty shares,
each of the par value of one hundred dol.
lars, payable in cash or its equivalent. And
this corporation shall become a going con
Germ as soon as five thousand dollars OF its
capital stock shall have been subscribed and
paid for.
ARTICLE V.
| All the powers OF this corporation shall
be vested In and be exercised by board OF
directors, and all the business affairs shall
be conducted by said board to be composed
OF not less than three and not more than
five stockholders, who shall be elected annu
ally at meeting held on the third Thurs
day OF May of each year, at which time Off
GERS also shall be elected and shall hold theil
respective Offices until their successors ar,
elected and qualified. Vacancies occurring
on said board from whatever cause, shall b.
filled by the remaining directors.
ARTICLE vi.
The board Of directors shall have the pow
er to make all bylaws necessary for thu
conduct of the affairs OF the corporation anC
shall also appoint such other officers agents
aud employees as may to the said board
seem necessary. majority OF said boar,
shall constitute quorum for the transac
| 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
Z
vice-president, and Jesse G. Rainwater, sec
rotary and treasurer.
Notice Of said election shall be given b!
ten days prior notice to the meeting Of tn
stockholders, by mailing to each known stock
holder TO such address as shall have beef
given by him to the company, or by publica
, ton inserted in one Of the New Orlean
papers three times in ten days previous {
I said election. At all meetings of the stock
, holders, upon all questions, majority o
the stock voting shall prevail and each shar
shall be entitled 10 one vote, in person or b.
: proxy.
The act of Incorporation may be altere
I and amended by vote OF three-fourths Il
: 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 genera
meeting of the stockholders convened 70
! that purpose after ten days prior notice o
one Of the daily newspapers of New Orlean
and a copy of said notice mailed to eac
stakeholder at his last known address.
l ARTICLE VII.
The capital stock of this corporation ma
be increa sed or decreased to any sum by vot
-, Of three-fourths In amount OF the capita
, stock issued, at general meeting of tn
stockholders, convened for that purpose al
/, ter thirty days prior notice of such meetin
. shall have been published In one of the dali
: newspapers of New Orleans and copy Q
: said notice mailed to each stakeholder at hi
last known place OF business.
: Any additional increase In capital tina
: may be made, from time TO time, shall frs
be offered to the then existing stockhOlder
pro-rata and II any stakeholder shall declin
. or refuse to pay for said pro-rata increas
; of the capital stock, within ten days afte
y same shall have been offered him, then sue
/, stock shall be allotted to the other stool
holders in proportion TO their holdings 9
: sold to others as the board Of directors ma
3 determine.
, ARTICLE VIII.
!, Whenever said corporation shall be oil
r solved by limitation or sooner by vote OF n
\ stockholders, two liqudators shall be electe
e at a general meeting held after ten days n
i tice as above provided. These liquidation
, shall continue in Office until the full liqu
O dalton of the affairs Of said corporation, an
I in the event of the death or disability (
/, either OF them, the stockholders may ele'
/, a successor, or IL they do not elect a su
4 cessor, the powers of both liquidators sha
be vested in the remaining liquidator.
ARTICLE TX.
l. No stakeholder Of this corporation sha
r ever be hel0 liza Die or Responsible LOT tne GU
r tracts or faults of the corporation In an
r further sum than the unpaid balance due Il
= corporation on the shares OF stock subscribe
e for by him nor shall any informality In o
e ganiZation have the effect of rendering tn
r charter null or Of exposing stakeholder
e any liability beyond such unpaid balance,
e any. ,
q Thus done and passed in nv ONCE, In Il
e City Of New Orleans, on the day, month ar
l. year first hereinabove written, In the pre-
g ence of John r. Perez and Raoul c. Favre
n competent witnesses, who have hereun
z signed together with me, notary, after dI
II reading of the whole.
u fOriginal signed) James Hand % share
. by J. G. Rainwater: f. NJ. Davis, 10 share
u BY ]. G. Rainwater; j. G.. Rainwater
q shares John r. Perez r. c. Favret
q ]. KENYON BAILEY.
( (SeaO Notary Publ
7 /. the undersigned Recorder Of Mortgag
!, in and for the parish of Orleans, State
= louisiana, do hereby certify that the abo
and foregoing act of Incorporation of Tl
= Rainwater Lumber Company, was this d,
!, duly recorded in my Office In book 1893, I
Ito =. New Orleans. MAY 9. 1912.
(Signed) EMILE LEONARD, ID. Z.
y J. KENTON BAILEY
" fSeaD Notary Publ
y NAV 1e % 80 june 10 1912
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