The herald., 1913-04-03
THE HER AID
CHARTER.
OF THE FIDELITY LUMBER COMPANY
STATE OF LOUISIANA, PARISH OF OK
LEANS CITY OF NEW ORLEANS.

-, Harcb i'm the wear one thousand nine
hundred and thirteen, before me, @ ~
Renaudln, a notary public; IN Inn SHp duly
commissioned and qualified and IN the pr,
nee of the witnesses hereinafter hdilieu a ,i
personally came anu app, s',h
the persons whose names atc oF nainrity
r. declared that ayailinS themselves OL
the provisions of the general laws ot .' -
state relative TO the organization % - -
ationS, they have covenah.cu anu ,nd arree,
do by these presents covenant ana
iind form and constitute themselves, %
well as such other persons as nag 80, into
hprplf tar become associated Win I"S4il,
n ,,nrnoration and body polite In law ttVL
the objects and purposes ana unueI -,
,rreements and stipulations following -
wit: rr,-rrr
rb. mama ana title Of the corporation
hereby formed is declared to be the RI.
Jal!ty Lumber Company ana under Ln''
name ii shall have and ENJOY Jhe Tights.
advantages and privileges granted py Jaw
~ ORDINATIONS 1t shall exist for a period
~ ninety nine years from this date ana
shall have power and authority 10 cohtraC',
sue and be sued, make ana use Co' Pp 49, "a
seal Ithe same TO change al pleasure holu
receive. purchase, convey, mortgage, nypoth
arata or pledge property, bOth real ana per
Sonal issue bonds, notes and other oDllGa
lions or negotiable instruments; nave anu
employ such managers, directors onCeIS
and convenience Of the said corporation may
require: make and establish Sucn bylaws
ruieS and regulations for the corporate man
agement and control OF the auairS Oh 'ne
corporation as may be necessary.
ARTICLE III.
The domicile OF said corporation shdli De
in the city of New Orleans, state OF bouSl-
ana and all citations or other legal process
shall be served upon the president or sald
corporation, or, in his absence, upon the
vice president. or In the case OF the absence
Of both president and yice-president upon
the secretary or the treasurer OF the sald
corporation. 80
The objects and purposes for which thls
cornOration is organized and the nature or
the business to be carried on by 1t are mere
by declared 10 be as follows
To purchase, receive, own ana hold mort
cages, notes, debentures, shares or capltdl
stock securities, obligations, contracts, evil
dences OF Indebtedness and other property,
any and all the rights, powers and prlvl-
legcs Of individual owners thereon, TO DO any
and all acts and things tending to increase
the value OF the property at any time held
by the corporation; to issue bonds and TO
secure the same by pledges or deed OF truSI
or mortgage upon the whole or any part OF
the property held by the corporation, anu
TO sell or pledge such bonds for proper cor
norate purposes as and when the board or
directors shall determine, and in the pro
motion OF Its said corporate business 10
lease purchase, hold, sell, assign, mortgage
and convey real and personal property WIN
in and without the state Of louisiana ana
in any part OF the world; to construct
carry out. equip, improve. work, develop
administer, manage or control In the state
of Louisiana and elsewhere, public WORKS,
improvements and cOnveniences or all KINDS.
including railways 1whetner propelled oy
steam, electricity, horse or other power
water gas, electric works, terminals, bridges;
yiaducts canals. hotels, piers, Wharves ana
any and like works OF internal Improve
90 drainage v,
water gas, electricity, telephone, telegraphlc
and power supply works, warehouses, mar
kets schools and educational institutions ana
all other works or c0nvenlenceS OF puo,tc
utility: TO apply, purchase or otherwise &C
auire any contracts, DEGREES and concessions
for. or in relation to the constructions, e&-
ecution, carrying out, equipment, manage
ment. administration or control OF any works
and conyeniences, public or private, and to
undertake, execute, carry out ana dispose oI
or otherwise turn TO account the same 10
bore for oil, extract turpentine ana Otner
by-products from pine, to do all and every
| thing necessary suitable or proper for the
accomplishment OF any of the purposes ana
| attachments OF any Of the objects herelnOe-
| fore enumerated, or which shall. at any time,
appear for the benefit of the corporation
| capable OF being conveniently carried on in
connection with the above, or calculate di-
| rectly or indirectly to enhance the value OF,
| or render profitable any Of the corporation
| property or rights. Also to build and oper.
ate sawmills and planning mills. and any kind
| of woodworking plants for the manufacture
OF all and any kinds OF woods into mer'
cha ntable products: TO construct tram ROADS
| railroads and operate same. and TO con
| struct dirt roads and other things necessary
for the conduct Of a general milling and man
| ufacturing business, for the Manufacturing
| OF lumber, laths, shingles sash, doo1s, Dllnds
| and wood into turned work and otner mer
| charitable products and TO buy and sell gen
eraI merchandise Of sll kinds and to conduct
the general merchandise business;
i The corporation may conduct Its business
i in all its branches and have one or more
| Offices outside the state Of Louisiana, in any
or all of the several states and territories o.
the United States Of America, and In tn
District OF Columbia, and In any or all o
the foreign countries, and to hold. purchase
mortgage, convey real and personal propert!
In any said state and countries.
i ARTICLE ".
The amount Of the capital stock OF thi
CORPORATION Is hereby fixed at the sum o
three million CS3. 600, 000.O0) dollars, whicl
shall be divided into common and preferre
stock. or the common stock there snail D
FIVE thousand shares, OF the par value
one hundred (s1OO.00) dollars EACH an
Of the preferred there shall be twenty-hv
thousand shares OF the par value of on
hundred (s1O0.0Ol dollars each. The sal
two million five hundred thousand dollar
$4,000 OOOO0) of preferred stock shall b
= entitled to receive dividends at the rate o
seven per cent per annum, payable annual
on the first day Of January OF each yea
out Of the earnings Of the corporation bt
fore any dividends shall be paid upon tn
said common stock. and such dividends sha
be cumulative so that any deficiency In IN
dividends to be paid on said preferred stoc
! In any year shall be made good out OF tn
earnings OF subsequent years before any div
. idend shall be paid upon the said commo
stock And In case there shall remain
, surplus after paying said dividend on th
. preferred stock, the said surplus, wholly o
In part, as the directors may deem advisabl
!, shall be paid to the holders Of the comm0
stock. On the final liquidation of the CO.
: poration, all arrears of dividends, IL an,
shall be paid to the holders OF the PR
be paid In full before any payment shall |
Z made to the holders OF the common stock
!, but when such arrears Of dividends and th
= face value OF the preferred stock shall bay
{ been paid, the holder thereof shall receiy
no other or additional payments whateve
4 but the balance OF the assets of the corpo
alton shall belong entirely to the holder
I of the common stock
The preferred and common stock of tn
. corporation shall be issued only for cas-
= services rendered, or property actually r
= ceived by the corporation and when issue
q shall be fully paid aud worcestershire. Whel
= ever shares OF stock are paid for In Sc
: services or property must have vail
y equivalent to the face value OF the stoC
&c issued for them.
Each share Of common stock issued by tn
corporation shall be entitled to one vo
:. whenever voting Is necessary for any pu
= voting power at all, the entire manageme'
= OF the corporation Is hereby vested in Il
y owners Of the common stock.
> No transfer OF stock will be recognized
81 the corporation unless 1t be made on Il
10 books of the corporation by the owner