The herald., 1913-07-31
CHARTER
ADIAN FURNITURE COMPANY"

CHARTER
OF "ACADIAN FURNITURE COMPANY"
| July II, 1913.
United States Of America, State OF Louisi-
ana, Parish OF Orleans, City OF New Or
Be if known. that on this twelfth day
| OF the month Of July. In the year OF our
| Lord, one thousand nine hundred and thir-
teen l9l3), before me, Charles Theodore
S-arKcv a notary public duly commissioned
and qualified, in and for this city and the
| parish OF Orleans. therein residing, and In
the presence Of the witnesses hereinafter
named and undersigned, personally came and
appeared the parties whose names are here
unto subscribed, all Of full age, who de-
clared that. ayailing themselves of the pro
| visions Of the laws of this state relative TO
corporations, they have coyenanted and
/ agreed and by these presents covenant and
agree and bind themselves, as well as such
other persons may hereafter become asSO-
! ,iated with them. 10 form and constitute
/ corporation and body polite in law, for
the purposes and objects and under the
stipulatiOns, articles and conditions follow
/ ing. tO-wit:
/ Article THE name and title Of said
, corporation shall be "ACadian Furniture
! Company and its domicile Is hereby eStab-
iiShed in the city Of New Orleans, state OF
! Louisiana; and, under Its said corporate
/ name. said corporation shall have power and
authority TO contract, sue and De sued; 10
| make and Use corporate seal, and the same
| TO break and alter at pleasure; 10 hold. re
| Ceive, have, purchase, improve, ALLEVIATE.
! convey. sell, borrow, pledge, mortgage and
| hypOthecaJo. under its said corporate name,
| property. real personal and mixed to name
| and appoint such officers, directors, agents
| and managers or employees as the interest or
! convenience of said corporation may require
| 10 make and establish bylaws, rules and
! rewula ions for the proper management ana
| regulation OF its affairs as may be deemed
| necessary and proper, and the same 70
| change and alter At pleasure and TO do all
| other acts and things permitted by law, or
! as shall or may be necessary and proper 10
carry out the objects and purposes Of said
! corporation.
| Said corporation, unless sooner dissolved
| in accordance with its charter, shall exist
| and continue for the period Of ninety-ntne
years. 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 shall
! be served.
Article 1.-THE objects and purposes for
/ which this corporation is organized. ani
| the nature Of the business to be carried on
| by it, are declared to be the following, to
wit:
| To conduct a general manufacturing and
| dealing business in lumber and lumber pro
/ ducts. and to this end II shall have the
| right to operate saw mills and factories for
| the manufacture of furniture, Office fixtures,
sash door and blinds, or other lumber pro
| duets. or any other product incident thereto
l to maintain stores and agencies for the sale
| Of their goods and in the carrying out Of
| these purposes they shall have the right to
buy and hold property, TO acquire timber
| lands by purchase or lease TO operate boats,
vessels 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 this
| corporation shall be one hundred thousand
| $500. .O0OJ dollars, divided into and repre-
sented Dy eight hundred and fifty ls50)
| shares of preferred stock Of the sum of one
hundred tSlOOl dollars per share and one
hundred and fifty (l5O) shares Of common
! stock Of the sum OF one hundred (SlOOl dol
L n g11a Hl,n oh % a..
| company shall be entitled 10 dividends AT
| the rate of eight per centum per annum
| prior TO the payment OF any dividends upoh
| the common stock, and such dividends upon
the preferred stock shall be cumulative. The
| common stock is not to receive dividends for
| any year unless eight per centum be first
paiu IOT that year on the existing OutStand
| ing amount of preferred capital stock but
when e!g4., per Ccntum be paid for any yea.
on the whole combined common and pre-
ferred capital stock, further dividends for
that year are to be paid on both preferred
and common stock without distinction.
The preferred and common stock shall De
paid for in cash at the time of subscription,
or the same may be issued at not less than
par In payment or exchange for property or
| rights actually received or purchased by SAID
corporation, or the same may be issued, fhll
paid, for money, advanced, and Tor such otner
| valuable considerations or services as the
board of directors Of said corporation may
determine; provided, that no stock shall BE-
issued until the consideration therefor has
been received by the said corporation.
Any stockholder may sell, assign or trans
| fer his stock in this corporation provided
| thirty (30) days prior notice OF such inten-
tion to sell, assign or transfer the same be
given the company, and the other stOckhOld-
| ers thereof shall have the first privilege OF
| purchasing same. after which thirty days
notice the said stock may be sold in open
| market.
The stock OF said corporation may be
| transferred under the above conditions; pro-
vided, such transfer thereof be made on the
| books OF said company, at its office. and on
surrender OF the certificate therefor. No
transfer of any fractional part Of share
snail be made.
ms corporation shall commence doing
| business as soon as three thousand (s3,OOOD
dollars of the capital stock shall have been
subscribed for
The board Of directors shall have the right
| 10 determine how much stock shall be Is
| sued.
| Article Iv-The corporate powers Of this
| company shall be vested In and exercised by
| board of directors OF not less than four
| (4) members consisting Of the president,
| vice president, secretary and treasurer.
Three of said board shall constitute a quo
| rum for the transaction of business, and
their decisions shall be valid corporate acts.
! The following persons shall constitute the
| first board Of directors Conrad Il. Fischer,
James X. Westerfeld, Frederick Fischer and
| Albert J. Derles
The ohices of secretary and treasurer may
be held by one or more persons, who need
not be stockholders
vice-president shall act and preside.
Said board shall continue in Office until
the second Monday in July, 1918, on which
| date, and thereafter annually a board of
| directors shall be elected, unless the same
| should be holiday, when the election shall
be held on the next legal day thereafter.
| Notice of such election shall be given
| only to common stockholders by at least ten
| 10) days continuous publication immedi-
ately preceding each election in one OF the
| daily English newspapers OF this city; and
1 tha hnar Of n Ghal fnt nr
more common stockholders to preside al
| such election as commissioners. In the
| event OF the failure of any commissioner or
| commissioners to attend, the president shall,
| by appointment, fill the vacancy. Any fail
| ure from any cause whatever to elect direc-
tors the day named for that purpose shall
not dissolve the corporation; but the direc-
| tors then IL office, as well as the officers
of said company shall hold over until their
| successors are chosen.
| In such event the president shall cause
another election to be held within thirty
days. and shall give notice thereof as here
inbefOre provided.
At every election or meeting each common
| stockholder shall be entitled to vote for
each share of stock registered In his name,
and may vote by proxy. Preferred stock
| shall have no voting power and only com
mon stock shall have the power OF voting
| to elect directors, or the power Of voting
on any other election, or for any purpose.
| The election of directors shall be by bal
lot, and the majority in amount Of votes
cast, each share of stock voted upon to be
| counted for one vote shall elect the person
or persons for whom they have been cast.
| After each election the board of directors
I=ha o1a foam hair 1Na- fHn off