The herald., 1913-03-27
THE HERALD
CHARTER.
OF THE FIDELITY LUMBER COMPANY.
STATE OF LOUISIANA, PARISH OF OR
LEANS, CITY OF NEW ORLEANS.


hundred and thirteen, before me- NlIlkiln
Renaudin. a notary public. in and Tor tne
parish of Orleans, state or Doulsldna' uulS
Commissioned and qualified and IN the pres
once of the witnesses hereinafter named anu
undersigned, personally came anu aPpedIeu'
the persons whose names are hereuhto SUD
scribd, all above the full age OF majority
who declared that awaiting themselves ,Ol
the provisions of the general laws or thlS
state relative TO the organization or corpor,
atoms, they have cOvenanted ana agreed ana
do by these presents covenant ana agree
bind, form and constitute themselves, as
well as such other persons as may JON or
hereafter become associated with them, into
a corporation and body polite III law, tot
the objects and purposes anu uhuer Tue
agreements and stipulatiOns following, To-
wit:
The name and title of the corporation
hereby formed is declared to be the FL
delity Lumber Company" and under that
name il shall have and enjoy the rights
advantages and privileges granted by law
to corporations. II shall exist for period
Of ninety-nine years from this date and
shall have power and authority 10 contract,
SUE and be sued, make and Use corporate
seal 1.-THE same to change AT pleasurel hold,
receive. purchase, convey, mortgage, hypoth
ecare or pledge property, both real ana per
Sonal, issue bonds notes and other obliga-
lions or negotiable instruments; have ana
employ such managers, directors. omCerS,
agents and other employees as the interest
require: make and establish such bylaws,
rules and regulations for the corporate man
agement and control Of the affairs OF the
corporation as may be necessary.
ARTICLE H.
The dOmicie of said corporation shall be
in the city OF New Orleans, stale of LoutSi-
ana. and all citations or other legal process
shall be served upon the president OF saii
corporation, or, In his absence, upon the
vice president. or in the case Of the absence
Of both president and vice president upon
the secretary or the treasurer Of the said
corporation.
The objects and purposes for which this
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 Of capital
stock, securities, obligations, contracts evil
denCeS of Indebtedness and other property.
any and all the rights, powers and privi-
leges of individual owners thereof. TO do any
and all acts and things tending to increase
the value OF the property at any time held
by the corporation; to issue bonds ana 10
secure the same by pledges or deed Of trust
or mortgage upon the whole or any part Of
the property held by the corporation, and
to sell or pledge such bonds for proper co."
pOrate purposes, as and when the board OF
directors shall determine and In the pro
motion OF its said corporate business: IN
lease, purchase, hold, sell, assign, mortgage
and convey real and personal property with
in and without the state OF louisiana and
in any part of the world; to construct,
carry out. equip. improve work, develop
manage or control in the state
of Louisiana and elsewhere, public works,
improvements and cOnveniences OF all kinds,
including railways (wneUner propelled by
water. gas. electric works, terminals, bridges,
canals, hotels. piers, wharves and
any and like works OF internal improve
ment including sewerage. drainage, sanitary, |
water. gas. electricity, telephone. telegraphic
and power supply works, warehouses, mar
ketS schools and educational institutions and
all other works or cOnvenienceS OF public
utility: TO apply, purchase or otherwise ac-
1uire any contracts DEGREES and concessions |
for, or In relation to the constructions, eX-
ecution. carrying out, equipment, manage |
ment, administration or control OF any works |
and cOnvenienCeS, public or private, and 10
undertake, execute, carry out and dispose of
or otherwise turn TO account the same: TO
bore for OIL extract turpentine and other
by-prOductS from pine, to do all and every |
thing necessary, suitable or proper for the |
a accomplishment OF any of the purposes and
attachments Of any OF tLe objects hereinbe-
fore enumerated or which shall, at any time, |
appear for the benefit of the corporation
ca pabe Of being conveniently carried on in |
connection with the above, or calculate d. |
rectly or Indirectly TO enhance the value of. |
or render profitable any of the corporation |
property or rights. Also TO build and Oper-
ate Sawmills and planning mills, and any kind
Of woodworking plants for the manufacture
Of all and any kinds of woods into mer
cha ntable products TO construct tram roads,
railroads and operate same. and TO con-
Struct dirt roads and other things necessary
'OT the conduct Of a general milling and man
ufacturing business. for the manufacturing
Of lumber. laths, shingles sash, doo1s, blinds
and wood into turned work and other mer-
products and TO buy and sell gen
aral merchandise Of all kinds and TO conduct
the general merchandise business
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 of
the United States OF America, and in the
District OF Columbia, and in any or all Of
the foreign countries, and to hold, purchase.
convey real and personal property
In any said statesand countries.
ARTICLE w.
The amount OF the capital stock Of this
corporation is hereby fixed at the sum Of
three million (s3 900, OOO.OO) dollars, which
shall be divided into common and preferred
stock. OF the common stock there shall be
i've thousand shares, OF the par value of
1ne hundred (SlO0.Oo) dollars each: and
)f the preferred there shall be twenty-five
thousand shares Of the par value of one
hundred (s100.00) dollars each. The said
two million five hundred thousand dollars
$500 100000 OF preferred stock shall be
Untitled to receive dividends at the rate Of
seven per cent per annum, payable annually
On the first day Of January Of each year
lut or the earnings OF the corporation be-
IOTe any OlVl0enQS snail De paid upon the |
'aid common stock. and such dividends shall
De cumulative so that any deficiency in The
dividends to be paid on said preferred stock
IN any year shall be made good out Of the
earnings OF subsequent years before any div
dend shall be paid upon the said common
stock. And In case there shall remain n
surplus after paying said dividend on the
preferred stock, the said surplus, wholly or
n part, as the directors may deem advisable 1
shall be paid to the holders Of the common
stock, On the final liquidation Of the cor
Doration, all arrears Of dividends, IL any,
shall be paid to the holders of the pre-
'erred stock, and the preferred stock shall
made to the holders OF the common stock !:
Put when such arrears Of dividends and the
ace value OF the preferred stock shall have
,een paid, the holder thereof shall receive
10 other or additional payments whatever,
,ut the balance Of the assets of the corpor-
ltion snail belong entirely to the holders
" the common stock
The preferred and common stock of this
corporation shall be issued only for cash,
services rendered, or property actually re-
'eived by the corporation and when issued
snail be fully paid and worcestershire. When
yer shares Of stock are paid for In SER
ices rendered or property received the said
services or property must have a value
to the face value of the stock
ssued for them
Each share Of common stock issued By this
corporation shall be entitled to one vote
voting Is necessary for any pur-
lose. The preferred stock shall have mol
'oting power at all, the entire management
II the corporation Is hereby vested In the
'wners or the common stock.
NO transfer OF stock will be recognized nv
ne corporation unless Ii be made on the
'ooks OF the corporation by the owner in
person or by written power OF attorney and
Of ,Nn ahan H. Il