The herald., 1913-04-10
CHARTER.
OF THE FIDELITY LUMBER COMPANY.
STATE OF LOUISIANA, PARISH OF Or
LEANS. CITY OF NEW ORLEANS.

III -.
Be It known, that on this eleventh DAY
.of March in the year one thousand nine
hundred and thirteen, before me, lIlhn
Renaudin. a notary public, In and Tor Tue
IRISH of Orleans, state or LOUISIANA, uuly
commissioned and quallned ana IN tne pr
ence of the witnesses hereinafter haiheu anu
undersigned, personally came and appeareu'
the persons whose names are hereunlo SUI
scribd. all above the full age or MAJORITY,
who declared that awaiting tneulsclNses ~
the provisions of the general laws OF TINS
state reIati to the organization OF corpoI
ations, they have cOvenanted ana agreeu' anu
do by these presents covenant anu aSloe,
hind form and constitute themselves, as
veil as such other persons as may JOIN or
bnrpa fter become associated with them, INTO
a corporation and body polite III Jaw ~ ~
the objects and purposes ana unueI ,he
agreements and stipulations foHoWlhs' ~
wit:
The name and title OF the corpord.iISSin
hereby formed is declared TO be the
delity Lumber Company" and under thal
name II shall have and enjoy the rights,
advantages and privileges granted Dy law
10 corporations. Ii shall exist LOT petIoI
of ninety-nine years from this date anu
shall have power and authority 10 cOnlract,
she and be sued, make and use a corporate
seal Cthe same TO change at pleasure hoIu'
receive, purchase, convey, mortgage HyPOtn
ecate or pledge property, Ooth real anu Pc
sOnal issue bonds, notes and Other oOlIsa
tIons or negotiable instruments; nave anu
employ such managers, directors, olcers,
agents and other employees as the interest,"
and convenience OF the said corporation may
require; make and establish such bylaws
rules and regulations for the corporate man
agpment and control Of the affairs OF the
corporation as may be necessary
ARTICLE IL.
Tho domicile OF said corporation shall be
in the city Of New Orleans, stale OF LOUISE
ana. and all citations or other legal process
| shall be served upon the president OF saIu
| II
vice president, or in the case Of the absence
of both president and vice-presldent upon
| the secretary or the treasurer or the saiu
corporation. -,
| The objects and purposes for which TINS
cOrporation Is organized and the nature OF
the business to be carried on by 1t are mere
by declared TO be as follows:
| To purchase receive, own and hold mort
| cages notes, debentures shares or capital
Stock. securities, obligations, contracts, eVI-
dences OF Indebtedness and other properly
any and all the rights, powers anu Div
Ieges of individual owners thereof, 10 10 an!
and all acts and things tending TO increase
| the value OF the property at any time heIu
| by the corporation; to issue Dohus auu 70
secure the same by pledges or deeu Oh rus ~
| or mortgage upOn the whole or any part OF
| the property held by the corporation, anu
| TO sell or pledge such bonds Tor proper co.
| pOrate purposes, as and when the Dodru vi
| directors shall determine. and IN the pro
| notion 81 ItS said corporate business; 10
| lease purchase, hold, sell, assign, mortgage
and convey real and personal property WIN,
| in and without the state or LOUISIANA anu
| in any mart OF thN world; TO construct
| carry ont eOuip improve, work, develop.
i administer manage or control in the state
OF Louisiana and elsewhere, puDIlc WoLss'
improvements and conveniences OF All Kinus,
including railways (whetner propeIieu "
i steam eIectricitv horse or other power
| water gas electric works, terminals, bridges,
viaducts. canals hotels, piers, wharves anu
any and like works OF Internal improve
l ment including sewerage, drainage, SANITARY
| wafer gas electricity, telephone, telegraphlc
and power supply works, warehouses, mar,
kets schools and educational INSTITUTIONS ana q;
all other works or conVenlences oI PupILe
utility TO apply, purchase or OTHERWISE aC'
ouire any contracts, DEGREES and concessions
/ for, or in relation to the constructions, eA-
ecution, carrying out, equipment, manage
ment, administration or control OF any "9rhs
and conyeniences, public or private. anu 10
| undertake. execute, carry out and dispose OF
| or otherwise turn to account the same 10
bore for oil. extract turpentine ana Otner
by-products from pine, 10 do all ana every
thing necessary, suitable or proper for the
| accomplishment OF any OF the purposes and
attachments OF any of the objects herelnOe'
| fore enumerated, or which shall, at any time
appear for the benefit OF the c3rPori.l9' u,
capable Of being conveniently carried on In
| connection with the above, or calculate di'
rectIy or indirectly to enhance the value OF
or render profitable any OF the corporation
ate sawmills and planning mills and any kind
of woodworking plants for the manufacture
4 of all and any kinds of woods into mer'
i charitable products to construct tram ROADS
RI ilroads and operate same, and to con
struct dirt roads and other things necessary
flor the conduct of a general milling ard man
i ufacturing business, for the manufacturing
Of lumber laths shingles sash, doo1s. blinds
and wood into turned work and other mer
charitable products and TO buy and sell gen
eraI merchandise Of all kinds and to conduct
the general merchandise business:
Il The corporation may conduct Its business
In all Its branches and have one or more
offices outside the state of Louisiana, In any
or all of the several states and territories o.
the United States of America, and In th'
District Of Columbia, and In any or all O
! the foreign countries, and to hold, purchase
mortgage convey real and personal property
in any said state and countries.
: ARTICLE ".
The amount OF the capital stock Of thi
: corporation Is hereby fixed at the sum o
; three million C$3 900, 0OO.O0) dollars, which
I shall be divided into common and preferre'
stock. OF the common stock there shall b
FIVE thousand shares, Of the par value o
of the preferred there shall be twenty-hv
thousand shares Of the par value of on
hundred (S100.00) dollars each. The sal
two million FIVE hundred thousand dollar
: go. 500, OO0.00) of preferred stock shall b
: entitled to receive dividends at the rate o
|, seven per cent per annum, payable annual
v on the first day OF January Of each yea
, out Of the earnings Of the corporation be
I fore any dividends shall be paid upon tn
: said common stock, and such dividends sha
be cumulative so that any deficiency In IN
Z dividends to be paid on said preferred stoc
In any year shall be made good out OF tn
e earnings Of subsequent years before any div
idend shall be paid upon the said commo
Il stock. And in case there shall remain
Z surplus after paying said dividend on III
y preferred stock, the said surplus, wholly o
u In part as the directors may deem advisabl
J, shall be paid to the holders of the commo
Q stock. On the final liquidation of the CO..
{ poration, all arrears Of dividends, IL an!
shall be paid to the holders of the pr,
ferred stock, and the preferred stock sha
be paid in full before any payment shsll /
Y made to the holders of the common stock
u but when such arrears Of dividends and til
. face value Of the preferred stock shall hav
e been paid, the holder thereof shall receiy
= no other or additional payments whateve
u but the balance Of the assets of the corpo
e alton shall belong entirely to the holder
7 of the common stock.
u The preferred and common stock of tn
T corporation shall be issued only for casl
y services rendered, or property actually r
Y ceived by the corporation and when issue
q shall be fully paid and worcestershire. Whel
u ever shares OF stock are paid for In Sc
y vices rendered or property received the sal
= services or property must have a Walt
~ equivalent to the face value of the stoC
le issued for them.
Each share Of common stock issued by tn
corporation shall be entitled to one vo
u pose. The preferred stock shall have 7
= voting power at all, the entire managemel
e OF the corporation Is hereby vested in Il
y owners Of the common stock.
y No transfer Of stock will be recognized
81 the corporation unless it be made on Il
No. - Al