The herald. [volume] (New Orleans, La.) 1905-1953, 1913-11-20
ACT or INCORPORATION OF LOUISIANA
TIMER COMPANY.
STATE OF LOUISIANA. PARISH OF OR
LEANS. CITY OF NEW ORLEANS.


! ACT OF INCORPORATION OF LOClSlAN.
TIMBER COMPANY.
STATE OF LOUISIANA. PARISH or OR
! LEANS. CITY or NEW ORLEANS.
/ Be il known. That. on this the 2Tth da
| Lord one Thousand. Nine Hundred an,
| Thirteen, and " the Independence of tn
| United states OF America, the one hundre
| and thirty-ci -hth. before me, Charles
| Flrtching"r, "A notary public, duly commits
stoned ana qualified In and for the city
! Parish and State aforesaid. therein residing
/ ana in the presence Of the witnesses herein
! after named and Undersigned. PERSONAL IL
| came and appeared the several person
whose names are hereuntO subscribed wit
| declare that, availlng themselves Of the pro
visions OF the laws OF this State relativ
10 the formation and OrganiZati ton OF cOrpOr
atiOnS, they have cOvenanted and agreed
and DO, by these presents. covenant. agre
and bind themselves. for the purposes here
matter stated. as well as those who MAJ
hereafter become associated with them, Il
form themselves into a corporation for tn
! objects and purposes, with name and unde
the stipulations following, to-wit:
ARTICLE 1.-The name and style Of thu
corporation shall be LOUISIANA TIMBER
| tOMi'ANl, and by said corporate name +
shall have succession and enjoy existence fol
a period OF nlnety-nlne years, unless SOOnel
dissolved, IN the manner provided by law anC
the articles of this charter and, under sale
corporate name, IL shall have power anl
authority 10 contract sue and be sued. (,
make ana use corporate seal, the sam,
To alter or break at pleasure; 10 make al
necessary rules and regulations for its cor
pOrate management and control and shall
nave and enjoy all the rights. privileges and
immunitieS which are now conferred upon, OF
may hereafter be granted to- corporations OF
the same kind and character
ARTICLE 1.-THE domicile OF this cor
pOration shall be in the City of New Or
leans, state OF Louisiana, and all citations
"a al hAr .Fva1 hall
the President, or, in his absence or inability
To act, upon any other officer OF the cor.
pOratiOn.
ARTICLE III.-The objects and purposes
for which this corporation is organized are
hereby declared to be 10 buy and sell timber
lumber and timber lands TO acquire, main.
tam ana operate SawmillS and plants for the
manufacture Of timber into lumber: to ac.
quire, maintain and operate logging rail
ways Tor the purpose Of Transporting logs
from the forest 10 saw mills to acquire by
purchase, lease or otherwise, timber and
other lands and 10 mortgage or otherwise
cucumber the same at pleasure and TO do
ana perform all things incidental or germane
10 the objects and purposes above expressed.
ARIl(L Lib lN.-The capital stock Of this
corporation shall be Fifty Thousand Dollars
100000. divided into i've hundred (5OO)
shares Of the par value Of One Hundred
Dollars 100000 each: said stock shall be
issued only Tor cash or in payment Of prop
efty or services actually received by or rem
dered to said corporation. This corporation
shall commence business and become q going
concern as soon as Four Thousand Dollars
OF It's capital stock shall have been subScrib-
ed and paid in the residue of said stock to
be Issued and payment made therefor subject
OF the action and call of the Board Of Direc-
tors. said stock shall be fully paid at the
time OF It's Issuance and thereafter be non
asSesSa5le, and the capital stock NAV be
increased or decreased in the manner nro.
Vlded by the laws of this State
The parties to this Act declared that thpy
npFpnK SnhSrFibn ha mn ,I,,. 80,
said capital stock set opposite their respec-
i've signatures hereto, so that this Act OF
Incorporation shall serve as an original sub
scriptiOn.
No present or future stakeholder shall ever
vaIidiy sell. assign or transfer. other than
Dy inheritance, any Of the capital stock of
inns corporation. until the same shall have
neen first offered to the REMAINING stock
holders for the benefit of tbost stockboIders
VINO may desire to purchase the same
through the Board of Directors for a pe~iod
OF zen days. at the book value a. shown bv
me books of the corporation, on the da re
the last inventory was made preceding the
date OF such offer. 1t shall be the duty OF
the Board Of Directors, promptly, up0n re-
ce tiI an Oner Of sale, Of any of the capital
STOCK OF the corporation. to communicates tho
same 10 the stockholders, in writing. through
Tue secretary or the company, and each of
Such stockholders shall be entitled TO mr.
f sn Such proportion Of the stock, so offered
ior sale as TO the number of shares owned
py MIN AT the time bears TO the number
owned by all other stockholders desiring to
participate in the purchase
ARTICLE N.-All the powers of this cor
pOration shall be vested in and no eyarciSnd
oy board or three directors to be elected
each year by the stockholders at the animal
meeting fls the said directors shall be bona
noe stockholders, and the first board shall
consist OF Henry D. Richa rdson. who shall
oe president and general manager. William
= Day, who shall be vice-president 7 ~
Or aS VINO shall be secretary-treasurer.
In nasl
annually thereafter. except when such dav
shaii rail- on legal holiday, then on tho
next next, succeeding layday. the stockholders
sn h,. erecI BOARD OF directors for the en-
suLnS year, the board already Installed to
continue to hold over until their successors
are elected and qualified The hoard oS
nI, rncIors so elected shall select from their
who shall be president. who shall he ' aIIC,
SeneLal manager; vice-president and n
secretary treasurer. The election OF diroc,
DTS snail be by ballot, and the persons re-
,eiving the largest number of votes cast sbau
be elected. For electing directors or Su an
any other purpose. each share OF stocI
wnether present or by proxy, shall no on
cauieu ~, 10 one vote; and majority of votes
caSt snail be required to pass anv resoIutio,
Or decide any question submitted 70 tIa
otOcknolders, except for the aItera +iop OF
iilnehdment OF this charter, or the diSsoIn.
Ion OF the corporation as hereinafter nro.
The said board of directors shall boro
power and authority to make ali necassarv
ruIeS ana regulations for the managemanf
operation and control OF the business oT tbo
.oTporatl0n; as well as TO make all necesssrv
uIes ana bylaws, with power to fiIl anyy
'dGancy occurring in their numebr. A ma.
orlty or the Directors voting AT anv on.
i1ne, IN person, or by proxy. shall 10 70
luiTeu TO pass any resolution or 1dont on
ly-laWs, and which, when so adopted sbaiI
become valid corporate acts 0'"'i
= o ~ ~ LIZ tl.-Notice OF all meetings OF
my other purpose, shall be given. in writ
hS; Oy Inc secretary, to be deposited In +bo
nan, ar least ten days before such meetjng
lIrected 70 each stock holder. aft his last
now, - WI ADDRESS, appearing upon the books
waived in writing by all the stockbolders
Ippearlng as such upon the books.
ARTICLE VIL-This act of iucorpora+ion
nay be modified, added to. changed or
aIn or TINS corporation may be dis
g Dy and with the assent of the holders
u IIIfee-Iourths In amount of its then out
tahdlhg capital stock, given at a general
ieetlhg or the stockholders of the cornora
ION, 10 be convened for such purpose aftar
en- e Gays prior notice. to be given in ono
itv y"e ef uA Nayyy newspapers published in the
.otice to the stockholders, as provided IN
Artlcle VI OF this charter
AK IlCLE VllI-Wheneyer this cornora
ION Is dissolved, either by limitation Of IFS
narter or from any other cause its affairs
or, BUSINESS shai! be liquidated by three
ouHlSsloners, to be appointed from among
ne stockholders at a general meeting tbera'
I, 10 De convened after ten days' nrjor
otlce TO be given In one Of the daily news
apers published in the City of New Orleans
q addltion TO the notice to each stockholder
~ sS w Ia Article vi hereof and by the
Lnrmative vote OF three-fourths of the s+ock
the corporation reDresentad a = sroh 49,.