The herald., 1913-03-27

y, nronnrtinn to their respective holdings
md ali stock shall be issued and held sub
iect TO this provision of the charter.
The corporati on shall have ine rl-hi 10
ourrhose any business within the purposes
NJ this corporation and pay for same elthcr !
by cash or in stock Of the corporation or
otherwise as the board Of directors Sha''
decide. ,,l.,r,
All the powers Of this corporation Shai
he vested in and the business and aHair>
shall be managed by board OF directors
consisting of three stockholders who Shall
Io nIertsd annually at a meeting Of the
held on the first Monday OF
March of eacn year. except the first board
of directors who shall hold office until the
first annual meeting which shall TAX" place
on the first Monday OF March, l?l+
All elections shall be held by ballot az
the office of the company under the super
vision OF two commissioners 10 bc appointed
by the board Of directors. Notice OF Nuch
meeting shall be- given by the secretary
treasurer in writing, delivered 10 each Stock
holder i'm person or mailed to his last known
address, at least ten days prior 10 SuTn
election. or by one publication IN ua!IH
newspaper in this city al least ten days prior
10 such election: but this notice may be
waived by all the stockholders
At all such elections and AT all meetings
Of the stockholders, every Stockholuer NhdIs
he entitled to one vote for each share OF
stock standing i'm his name on the books OF
the company at the date Of such election or
meeting; said votes to be east In person or
by written proxy, ana maJorlI! "I Inv
votes cast shall elect
The failure TO elect directors AT the an
nual meeting shall not dissolve or affect The
corporation. nor impair It's MANAGEMENT IN
any respect but the directors and othcrIS
shall remain in Office until their Successors
are elected and qualified.
The board Of directors shall elect as soon
as possible after their own election, ana
from their own Number. president, a vice
TIL a .lpN fral
grant to each officer such powers as they
deem proper.
All vacancies in the board for whatever
cause shall be filled by the remaining dir"c-
tors Any member Of the board may ap-
point any other stakeholder his proxy 10 n
tend any meeting and act in his place and
stead
The board OF directors shall be vested with
full power and authority to make all con
tracts, purchases and sales. and to make all
bylaws rules and regulations for the con
duct of the business of the company. and
the same 10 alter. amend, or repeal at pleas
ure: and the board may, from time To time.
name and appoint all such officers. agents,
servants and employees aS they may tef,1
necessary. and shall have the power to fix
and define the duties of every officer. agent,
servant and employee.
All checks of said company must be
signed by the president or vice-prcSident
and by the Secretary-trea Surer, and in case
OF the absence or disability of said secretary
/
| dent All notes and other evidences OF in.
| debtedneSS of said company must be signed
by the president.
ARTICLE VI.
| Whenever this corporation shall be dis
| solved either from Limitation or otherwise,
| its affairs shall be liquidated by two com
misSiOnerS to be appointed from amongst
| the stockholders at a general meeting OF
the stockholders convened for that purpose
| Of which meeting notice shall be- given IN
the time and manner provided for stock
| holders meeting in Article VII of this char
| ter, and a majOrity in amount of the capita
stock represented at such meeting shall b,
| requisite TO elect. Said commissioners shall
remain in office until their affairs are fully
liquidated. In case of the death, reSigna
tiOn, or inability TO act of either of sal,
commissioners the vacancy shall be 1llc'
by the stockholders after similar notice
until which time the survivor shall con
: tinue to act The said notice may b
waived by the unanimous consent Of all tn
stockholders.
) ARTICLE VII.
This act OF Incorporation may be modified
changed or altered, or said corporation ma
be dissolved with the assent of three fourth
Of the capital stock represented at a gen
eral meeting of the stockholders convene
for that purpose, and after notice shall hay
2 been given in daily newspaper publishe
( in this city once week for thirty days pre-
4 ceding the meeting. The said notice ma
; be waived by the unanimous consent of a.
' the stockholders. Any change made or pre-
II
5 shall be made in accordance with the law
4 of this state on the subject or altering tn
: capital stock OF corporations.
y ARTICLE VIII.
| No stakeholder shall ever be held liabl
e for the faults or contracts of said corpors
4 tion in any further sum than the unpai
balance due to the corporation on tn
= shares owned by him. nor shall any mer
o informality in organization have the effet
Z Of rendering the charter null or expOsin
;, any stakeholder to any liability beyond III
unpaid balance due on his stock.
3 ARTICLE IN.
The first board of directors shall cOnSi,
of Sigismund :. Levy. Horace II. Turn,
and Alcide ]. GueSnOn. with Sigismund
$ Levy. president; Horace Il. Turner. vic
v president. and Alcide J. Guesnon. secretar
II treasurer.
d The subscribers hereto have respective
| written opposite their names the amount
stock owned by them in this corporation.
that this act OF Incorporation may al;
r serve as the original subscription list of Il
corporation.
Thus done and passed at my Office
the city of New Orleans. in said state.
c. the day, month and year herein first abo
written. in the presence of MeSsrs. Zacha
Adler and Thomas A. Tabary. compete
= witnesses, of the full age Of majority al
residents OF this city. who hereuntO ST.
Y their names with said appearers and m
=; notary, after reading Of the whole.
: Original signed: $. :. Levy. ~ share
- H. II. Turner, - shares: A. J. Guesnon
N share. Witnesses Zachary Adler. T.
,r Tabary.
- CHARLES ROSEN
~ (SeaD Notary Publ
10 |, the undersigned recorder of mortgag
- In and for the parish OF Orleans, state
"a Louisiana, do hereby certify that the abO
AZ and foregoing act of Incorporation Of t
~ Red Gum Lumber Company was this d
,s duly recorded In my Office, in book los
20 folio -. New Orleans. March 25th. 1913.
~ (Signedl EMILE LEONARD. by. r.
" | hereby certify that the above and TO
% going Is true and correct copy of the or
IA iRal on file and of record in my office
H. this city.
Witness my hand and seal Of office Il
n, 18th day Of March, 1913.
,n CHARLES ROSEN.
T1oI (Seal) Notary Publ