The herald. [volume] (New Orleans, La.) 1905-1953, 1913-05-01

poratlons they have covenanted and agreed
and do by these presents do covenant anC
agree, bind, form and constitute themselves
as well as such persons who may hereafter
join or become associated with them, into
corporation and body polite In law, for
the objects and purposes and under the
agreements and stipulations following, to
wit:
ARTICLE /.
The name and style of this corporation
shall be the "LacOmbe Lumber Company, IS
ana under that name IL shall have and en-
JOY ali rights and privileges granted by law
to corporations; 1t shall exist for the period
OF ninety nine years from this day il shall
nave power TO contract. sue and be sued in
us corporate name; to make and use a cor
pOfate seal and the same TO alter at pleas
ure; to hold. receive, purchase, convey.
mortgage, hypOthecate or pledge property,
both real and personal TO issue bonds notes
ana other obligations; 10 have and employ
such managers, directors, officers agents
and other employees as the interest and
convenience Of said corporation may require
ana 10 make and establish such bylaws
rules and regulations for the proper man
agement and control OF the affairs Of the
dent.
ARTICLE II.
The dOmicile OF said corporation shall be
IN the city OF New Orleans, in this state and
all citations and other legal process Shall
ne served on the president, in his absence
the vice-preSident. and in the absence of
both on the secretary and treasurer of said
corporation.
ARTICLE III.
The purposes for which this CORPORATION
Is established and the nature of the business
to be carried on by 1t are declared To be 10
construct, work and maintain railroads ca
naIS, roads, bridges, ferries, telegraph and
telephone lines and other works OF improve
ment; TO construct, own, lease hire pIr-
chase and operate SchOoners, steamboats,.
steamships, tow boats, barges and other
water crafts FOR the transportation of
freight and passengers TO purchase lease
ana sell lands 10 engage in agriculture; TO
acquire, construct, own, lease and opera te
planlng mills, saw mills sash, door and
blind factories and turpentlne still and re
tOfts, etc.; 10 construct and TO contract 10
construct buildings Of every kind and de
scrlptiOn; 10 manufacture bricks, tiles and
other earthenware; 10 buy, sell and deal for
its own account or on commission in logs,
lulnDer ana other building materials and in
all sorts OF merchandise, and generally to
do and perform any and every act and
thing pertaining TO the business above emu
merdted, connected Herewith or arising
therefrom, in this state and elsewhere.
ARTICLE ".
The capital stock Of this corporation is
hereby fixed at the sum of twenty-five thou
sand 1925, O0O. 00) dollars, divided into and
u
shares Of the par value OF one hundred
tSlOO.O0D dollars each, which shall be paid
for In cash when subscribed for or in such
manner as the board Of directors shall des-
ignate or shall be issued for labor perform
ed, services rendered or for the purchase of
property as said board may elect. All shares
OF stock shall be full paid and non-assessa-
bic. Which capital stock may be increased
TO a sum not exceeding one hundred thou
sand $500, 100000 dollars, in which event
during the period between the call for the
meeting for such increase and the meeting
the persons holding stock at the time shall
have the right to take shares of the addl-
tional or increased stock prOpOrtionate to
the number of shares owned by them, and
any shares not taken at the expiration of
said period may be disposed OF by the board
OF directors for the benefit of the corpora
ton at not elss than their par value No
transfer Of stock shall be binding upon the
corporation unless recorded upon its books
ARTICLE V.
All the corporate powers OF this corpor-
alton and the management and control of
its affairs shall be vested in and exercised by
a board or directors composed of three (3D
stockholders, majority of whom shall con-
stitute quorum for the transaction OF all
business. The directors shall be elected an.
nually by ballot by the stockholders, on the
second Tuesday in January Of each year
Each person shall be entitled in person or
by proxy TO vote for every share owned
by him. and all elections shall be held under
such rules and regulations as may be deter
mined by the board of directors. The direc-
tors thus elected shall continue in Office for
one year, or until their successors have been
duly elected and qualified. No failure to
elect shall be regarded as a forfeiture OF
this charter. Any vacancy occurring on
said board shall be filled by the remaining
directors for the unexpired term. The board
of directors shall at its first meeting after
Its election nominate out of its number a
president, yice-presldent and a secretary
and treasurer; said board shall have the
RIGHT n 10 atar a
treasurer and may elect s secretary who
need not be a stakeholder, but whose tenure
OF Office shall be during the pleasure of the
board. And said board shall have the right
to appoint and dismiss the clerks, managers.
secretary and other employees Of the corpor-
alton, as the interests and business Of the
same may require. Any of the directors
instrument another director as hi his proxvi
to act In his stead at any and all meetings
of the board Of directors.
ARTICLE VI.
Until the election TO be held on the second
named persons shall constitute the first
board Of directors, viz: Walter W. Care,
ID. Beach Care and Tudor B. Care, with
said Walter W. Care as president, said ID.
Beach Care as vice-president and said Tudor
b. Care as secretary and treasurer
ARTICLE VII.
No stakeholder shall ever be held liable
or responsible for the contracts. faults and
mere informality In Its organization have
the effect of rendering this charter null nor
OF exposing stakeholder to any liability
beyond the unpaid balance due on the shares
owned by him.
ARTICLE VIII.
This act Of Incorporation may be changed,
modified or altered, or this corporation may
be dissolved with the assent Of the stock
holders owning a majority Of the stock of
the corporation, at a general meeting con-
vened for that purpose and after at least
ten days written notice Of this meeting has
been given through mail addressed to each
shareholder at his last known place Of res
idence.
In case Of dissolution by the expiration Of
this charter or otherwise, the stockholders
shall elect three liquidators from among
their number, to liquidate and settle the bus
mess and affairs Of the company. In case
Of death or disability of any one of said
or llquidators, the survivors
or the remaining lqiudators shall appoint
a successor to him.
Thus done and passed In my ONCE on the
day, month and year first above written, In
the presence of John 4. Todd and Henry
Keller, competent witnesses, who have signed
with the appearers and me. the notary, after
reading the whole.
Signed W. W. Care, so shares D. Beach
Care, so shares; Tudor B. Care, so shares,
per W. W. Care.
Witnesses John A. Todd, Henry Keller.
THOS. NJ. BURNS, Notary Public.
I, the undersigned recorder of mortgages
In and for the parish Of Orleans, state Of
Louisiana, do hereby certify that the above
and foregoing act Of Incorporation of the
- 49, l. Il. H.,