The herald., 1913-03-27

CHARTER
OF THE RED GUM LUMBER COMPANY.
UNITED STATES OF AMERICA. STATE
OF LOUISIANA, PARISH OF ORLEANS,
CITY OF NEW ORLEANS.
BE ii known. that on this twenty fourth
day of the month of March. in the year
nineteen hundred and thirteen, before me,
Charles ROsen. a notary public, duly COM
missOned and qualified, in and for the
above parish and state, and in the pres
ence of the witnesses hereinafter named and
undersigned, personally came and appeared
the persons hereinafter subscribed. who de-
clared that. availing themselves of the laws
of this state, relative to the organization OF
corporations, in such cases made and pro-
vided, they constitute themselves, their as
sOcates, successors and assigns, a corpora
tiOn under the stipulatiOns herein set forth,
which they adopt as their charter, tO-wit:
ARTICLE l.
The name and title OF this corporation
shall be The Red Gum Lumber Company.
and 1t shall enjoy succession for ninety-nne
years from this date, and shall have for the
purposes of the business to be carried on by
1t, all the powers conferred by law upon
corporations, including the power to con
tract debts, borrow money, issue notes and
other obligations, and to purchase, lease,
sell mortgage, pledge, exchange and other
wise acquire, ALLEVIATE or dispose OF prop
erty, real, personal or mixed, in the prose
cution of its business TO contract sue and
be sued; to make or use, IL 1t so desire, a
corporate seal, and the same to break or
government and the same to alter, amend
or repeal at pleasure; to name and employ
such managers, directors, officers, agents
and employees as its interests may require /:
and generally to exercise all the powers nee
essary or convenient to carry on said bus
mess.
ARTICLE II.
The dOmcile OF this corporation shall be
| In the city Of New Orleans. state of Lou
isiana, and all citation and other legal pro.
cess shall be served on the president, and
in case of his absence or disability, on the
secretary-treasurer.
ARTICLE III.
The objects and purposes Of this corpOr
| alton and the nature of the business to be
| carried on by II are hereby declared to be
to buy, sell, export, manufacture and other
wise deal In red gum and other lumber and
| timber and other forest products, whether as
| principal or agent, on commission or other
wise; to own and lease and otherwise &C
| quire and operate sawmills or manufacture.
| in connection with the lumber business; Il
buy and sell and otherwise acquire real es
tate and timber lands; to own and leas
and otherwise acquire and operate lumse
yards; to own and lease and otherwise &C
quire and operate railroads, tramways, yes
sells or other conveyances In connection witt
any Of the above and foregoing businesses
and to do any and all things connected witt
and Incidental to said businesses.
II ARTICLE ".
> The capital stock Of this corporate
hereby fixed at the sum of fifty thousan
dollars, divided into and represented by fiv
[ hundred shares Of the par value of on
! hundred dollars per share. This compan
shall have the right to commence bushes
and be going concern when ten thousan
dollars Of the capital stock shall have bee
{ subscribed. All stock shall be paid 70
| either in cash or property received or labo
I done at such time and upon such terms al
g conditions as the board Of directors sha
4 prescribe. The capital stock may be ii
' creased or decreased In accordance with tn
1 laws of this state. All transfers Of stoc
a shall be made on the books of the compan
| on the surrender of outstanding certificate
e and pursuant to such rules as the board
: directors may prescribe, and no certihcat
0 of stock shall be issued except when pal
' In full as above.
al No stakeholder shall have the right
sell or dispose of his stock without first O
( fering 1t In writing for fifteen days throug
the board Of directors to the other stoc
o holders in proportion to their respecti,