The herald. [volume] (New Orleans, La.) 1905-1953, 1913-03-20
CHARTER.
OF TIE FIDELITY LUMBER COMPANY

oF TIE FIDELITY LUMBER CONTAIN
Sr,TF OF LOUISIANA. PARISH OF OR
LEANS CITY OF NEW ORLEANS'
no II known. that on this eleventh gay
Of March in the year one thouSdH ,i,,i -
hundred and thirteen, before me- III ~ -hn
Renaudin, notary pubic; III anu duIv
parlsh of Orleans, state OF D1uisldna 80, 80
commissioned and qualified ana IN the pr
ence of the witnesses hereinafter halneu i a an
undersigned, personally came ana aPPe"L1H'
the persons whose names i, are ,,o ~ majority.
srribd all above the full age OF MAUI ;l
Who declared that availing themselves VI
the provisions OF the general laws vi . unIS
state relative TO the organization oI e. pI "a
atoms they have COyenanted ana aSrSeu' anu
I L. tbosa presents covenant and agree,
hind form and constitute lhehseNeS, q"
well as such other persons as may yoT i,to
hprpafte become associated WIN thSIil, -.
a coruoration and body polite IN laW' ~ tol
a. w. aGiacts and purposes and under the
agreements and stipuations following To-
wit: Y
Tb. rama and title of the corporation
hereby formed is declared TO be the ri
delity Lumber Company ana uhuet Ia
name IL shall have and ENJOY the TELLS
advantages and privileges granted py orioJ
IN corporations 1t shall exist for a perlo9
~ ninety-nine years from this GATE anu
shall have power and authority 10 cOhtracl,
sue and be sued, make ana use corPvi1itSS
seal 1.-THE same 10 chanSe al PieasutN 1o,h'
receive purchase, convey, mortgage, nyPotn
ecate or pledge property, both real ana per
sopal. issue bonds, notes and other oDlsa
tions or negotiable instruments; nave anu
employ such managers, directors. ,nterast
agents and other employees as the interest
and convenience of the said corporation may
require make and establish such Dy laws
ruIes and regulations for the corporate man
apement and control OF the aHalrs Oh lhe
corporation as may be necessary.
ARTICLE ii.
The domicile of said corporation shall be
in the city of New Orleans, stale OF Lou,sl,
ana and all citations or other legal process
shall be served upon the president OF SAID
forporation, or, in his absence, upon tne
yice-president, or In the case OF the absence
OF both president and vice-presldent upon
the secretary or the treasurer Oh lne Sa'u
corporation. ,,r
The objects and purposes for which thls
corporation is organized and the nature Oh
the business 10 be carried on by IL are heCe-
nv declared TO be as follows:
To purchase, receive, own and hold mort,
cages, notes. debentures, shares or capltai
stock, securities, obligations, contracts, esE
dences OF indebtedness and other properly
any and all the rights, powers and priv,
leges of individual owners thereof, 10 DO any
and all acts and things tending to increase
the value Of the property at ANY hSnd tm and
secure the same by pledges or deed OF trusl
or mortgage upon the whole or any, part o.
the property held by the corporation, aDC
to sell or pledge such bonds tor proper cor y
directors shall determine, and In the pro
motion OF Its said corporate business U
lease, purchase, hold sell, assign, mortgage
and convey real and personal property Win
in and without the state of louisiana ant
In any part of the world; to CONSTRUCT
carry out, equip, improve, work, develop
administer, manage or control In the stat
OF Louisiana and elsewhere, public WORKS
improvements and conveniences of all kinds
including railways (wnetner propelled o
steam, electricity, horse or other power
water gas electric works, terminals, bridges
yiaducts canals. hotels, piers, wharves an
any and like works Of internal Improve
ment including sewerage. drainage sanitary
water, gas, electricity, telephone, telegraph
and power supply works, warehouses, maj
kets schools and educational institutions an
all other works or conveniences OF publ
utility; TO apply, purchase or otherwise AZ
duire any contracts, DEGREES and concession
for, or in relation to the constructions, e.
ecution, carrying out, equipment, manage
ment administration or control or any wOrh
and conveniences, public or private. and
undertake, execute, carry out ana dispose
or otherwise turn TO account the same
bore for oil, extract turpentine and oth'
by-products from pine, TO do all and ever
thing necessary, suitable or proper Tor II
accomplishment OF any of the purposes an
attachments OF any OF tie objects herelnb
fore enumerated, or which shall, at any tim
appear for the benefit of the corporate
capable of being conveniently carried on
connection with the above, or calculate
rectly or indirectly TO enhance the value O
or render profitable any of the corporation
property or rights. Also to build and ope
ate sawmills and planning mills, and any Xii
OF woodworking plants for the manufactu
OF all and any kinds OF woods into me
charitable products; to construct tram road
railroads and operate same. and TO co
struct dirt roads and other things neCessa
for the conduct OF a general milling and ma
e. hTn1Nv NAN In ma \ 81
of lumber, laths, shingles, sash. dooDs, bin
h and wood into turned work and other mt
L charitable products and TO buy and sell &c
eral merchandise of all kinds and TO condu
the general merchandise business.
The corporation may conduct its businC
In all its branches and have one or mo
offices outside the state Of Louisiana, in a
or all OF the several states and territories
the United States of America, and In {
District of Columbia, and In any or all
the foreign countries. and TO hold. purcha
mortgage convey real and personal proper
In any said state and countries.
ARTICLE ".
The amount OF the capital stock of q
corporation Is hereby fixed at the sum
three million CS3. 600, 000.00) dollars. Will
shall be divided into common and PREFER
stock. OF the common stock there shall
FIVE thousand shares. OF the par value
one hundred (s1OO.00) dollars each: a
OF the preferred there shall be twenty-h
thousand shares OF the par value OF o
hundred (s100.00l dollars each. The 80
two million FIVE hundred thousand dolls
(S2.50O 000.00) of preferred stock shall
entitled TO receive dividends at the rate
seven per cent per annum, payable annua
on the first day of January of each We
out of the earnings of the corporation
fore any dividends shall be paid upon {
said common stock. and such dividends sh
be cumulative so that any deficiency in {
dividends to be paid on said preferred sto
IN any year shall be made good out OF I
earnings of subsequent years before any d
idend shall be paid upon the said comm
stock. And IN case there shall remain
surplus after paying said dividend on {
preferred stock, the said surplus, wholly
In part as the directors may deem advisal
shall be paid to the holders Of the comml