The herald., 1913-08-28
CHARTER
OF "ACADIAN FURNITURE CoAPANf'

| Lord, one thousand nine hunuleu anu nm
| teen l9l3D before me, Charles Theodore
| Starxey a notary public duly commissioned
and qualified in and for this city anu tIe
| parish of Orleans therein residing, ana IN
| The presence OF the witnesses hereinafter
| named and undersigned, personally came ana
| appeared the parties whose names are mere
unto subscribed, all Of full age, VINO ue-
| cared that, availing themselves OF the pro
| visions OF the laws OF this state relative 10
corporations, they have cONenahleu auI
| agreed and by these presents covenant anu
agree and bind themselves, as Wen as SUI SUI
ciatcd with them, TO form and constitute
corporation and body polite In law LOT
the purposes and objects and under the
lStipulationS, articles ana COhui'IOHS A'i'0"
Article 1.-The name and title OF said
corporation shall be "Acadian FURNITURE
Company" and its dOmicie Is hereby estap
Iished in the city OF New Orleans, state OF
| Louisiana; and, under Its SAID corporate
name, said corporation shall have power anu
authority TO contract, sue and be sued; 10
make and use a corporate seal, and the same
to break and alter at pleasure: 10 h0ln, re
ceiye have, purchase, improve, allehdte;
convey sell, borrow, pledge, mortgage anu
hypothecate under It's said corporate name
property. real, personal and mixed; TO name
and appoint such officers, directors, agents
convenience OF said corporation may require
| TO make and establish bylaws, rules anu
regulatiOn for the proper management aud
regulation Of its affairs as may De Geeme go
| necessary and proper, and the same 70
change and alter at pleasure ana 10 90 al
other acts and things permitted by Jaw, OF
| as shall or may be necessary ana proper ~
carry out the oOJects ana purposes Vi SHN
Said corporation, unless sooner dissolved
in accordance with its charter: shall exist
and continue for the period OF nlnety-hhe
wears from and after the date hereof.
| The president or in his absence. the VICE
president shall be the proper person upon
whom citation or other legal process shah
article 1.-THE objects and purposes for
which this corporation is organized, anu
the nature OF the business TO be carried on
bv IL, are declared to be the following 10
wit:
To conduct a general manufacturing and
dealing business in lumber and lumber pro
ducts and to this end 1t SHAH nave tne
right TO operate saw mills and factories Ior
the manufacture of furniture, once hhtuEcs'
ash, door and blinds, or other Jumper pro.
ducts or any other product incident tnertt1 S /,
TO maintain stores and agencies Tor the sale
= | Of their goods and In the carrying OUT OF
these purposes they shall have the right 10
buy and hold property, to acquire uunrr
lands by purchase or lease, TO operate ooat :
) vasSeIs railroads or tramways for the trans
poration OF its products, and to perform
any and all matters in the carrying out the
= objects OF its business
Article III-The capital stock OF TINS
cornoration shall be one hundred thousand
800 OOO) dollars, divided into and repre-
ssnted py eight hundred and fifty (S0O)
shares of preferred STOCK OF the sum Va VHN
+ hundred (s1OOD dollars per share. and one
= hundred and fifty 150) shares OF common
stock OF the sum OF one hundred (slOOl DOL
lars per share; The preferred stoGk OF 'u ~
: the rate of eight per centum per ahnuui,
prior to the payment of any DIVIDENDS upon
e the common stock, and such DIVIDENDS upon
the preferred stock shall be cumulative; iue
y common stock is not to receive DIVIDENDS 10!
J. any year unless eight per centum De mrs.
, paid Tor that year on the existing outStahu
L ing amount of preferred capital STOCK Uu'
r when eIg., per Centum be paid for any yeal
. on the whole combined common ana pre-
ferred capital stock, further DIVIDENDS To-
that year are to be Rfta on ds SiHc
: The preferred and common stock sha!i o.
u paid for in cash at the time OF
Il or the same may be issued AZ hot IesS INC o.,
| mar In payment or exchange Tor properly VI
i tights actually received or purchased py ssLl
| corporation, or the same may De lssutu, tu'
!. paid. for money advanced, and tor sucn otue
Valuable considerations or services as w
,r hoa I'd OF directors of said corporation ma!
:, determine; provided, that no stock shaIl D
u issued until the consideration therefor na
u been received by the said corporation
Anv stakeholder may sell, assign or trans
u fer his stock in this corporation PROVIDE.
q thirty 800 days prior notice OF sucn ~ -
ton to sell assign or tr an ntber stockhoId
k, ers thereof shall have the nrst prlVliese
IN purchasing same, after which thirty Iays
=, notice the said stock may De sofa III op''
N market. :,
n. Tho stuck OF said corporation may b
"a transferred under the above CONDITIONS PR
&c vided such transfer thereof be made on IN
~ books Of said company at lts t Ince; anu
transfer of any fractional part OF a shSr
III snail be made. =, ..o Adj,
IN THIS corporation shall commence, 1 nn1
=" business as soon as three thousand Cs3'0oO
dollars of the capital stock shall have Dee
| subscribed for. 49, r;rb
nrah str
Article Iv.-The corporate powers OF tn
IL company shall be vested In and exercised 0
he a hoard OF directors OF not less than lou
IH members, consisting OF the presluen
y yice-president, secretary and treasure
en- Three OF said board shall constitute qu'
- rum for the transaction OF business an
re their decisions shall be valid corporate act
Ok The following persons shall constitute "
n, first board of directors Conrad b. Flsche
eh James r. westerheld. Frederick Fischer an
,d The oIices of secretary and treasurer ma
be held by one or more persons, wh" nee
en- not be stockholders. ,,. -
'' vice. president shall act and preside;
ne Said board shall continue IN once En y
the second Monday In July, IBIS, on wnit I,
date and thereafter annually, board
Ut directors shall be elected, unless the san
nd shonld be a holiday, when the election sha
bo be held on the next legal day tnereaIter;; ,o
ne Notice of such election shall be give
adj only TO common stockholders by at least te
10, days' continuous publication immed
ne steIv nreceding each election In one or II
er daily English newspapers OF this CITY an
:. the hoard of directors shall appoint one {
u more common stockholders to preside
or. such election as commissioners. In u
al event OF the failure of any commissioner
GU commissioners to attend, the president shai
en- by appointment, fill the vacancy any ial
NJ IRE from any cause whatever TO eject are
TORS the day named for that purpose Sna
he not dissolve the corporation but the Gire
nc tors then In Office, as well as the once
=, of said company, shall hold over unth tne
IT, successors are chosen. 1881
" In such event the president shall eau eau
-, another election to be held WITHIN tnirl
on DAYS and shall give notice Thereon as heF
pc inbefore provided. -,r,,
ot Al every e. .Saii be entitled TO vote Il
each share OF stock registered In his nam
and NAV vote by proxy Preferred sto'
Is shall have no voting power and only col
it. mon stock shall have the power OF votil
90 TO elect directors or the power OF votlL
CO. on any other election, or for any purpos
we The election of directors shall be by pe
a, LOT and the majority In amount OF vol
cast each share OF stock voted upon 70
,Se counted for one vote, shall elect the pers'
"a or nersons for whom they have been cast
"u After each election the board OF dlrecto
en- shall elect from their own number the Oh
ly GERS OF said company.
- Article V-The board OF directors ens
ne have the full power to fill vacancies In the
re- number, caused by death. resignation
otherwise from among the stockholders
he '"I The said board shall have full eontt?ll