The herald., 1913-08-21
CHARTER
OF "ACADIAN FURNITURE COMPANY.


Lord. one thousand nine hundred and thir-
teen ll9l3), before me, Charles Theodore
Starkey 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 mere
unto subscribed, all Of full age, VINO ue-
clarad that ayailing themselves OF the pro
visions OF the laws OF this state relative 10
corporations, they have coVenahteu anu
agreed and by these presents covenant ana
agree and bind themselves, as well as such
other persons as may hereafter become asso-
,igtrd with them, 70 form and constitute
corporation and body polite In law. Tor
The purposes and objects and under the
stipulaJiOns, articles and conditions io"o"
Ing, tO-Hit:
Article The name and title 81 g, said
CoIrIpauv" and its d0micile Is hereby e>tJD-
l.shed In the city Of New Orleans, state OF
Louisiana and, under It's said corporate
name said corporation shall have power anu
authority TO contract, sue and he sued 70
make and use corporate seal, ami the same
ID break and alter at pleasure TO hoid- re
cciye. have, purchase, improve, aIlena.',
convey. sell. borrow, pledge, mortgage ana
|hvpothccaJr. under its said corporate name.
property. real, persona. and mixed 10 name
and appoint such officers, directors, agents
and managers or employees a the interest or
trpDvputrugn Of said corporation may require
I 70 make and establish bylaws, rules ana
rrguIat ions for the proper management am
| regulation O; It's affairs as may be de.hrl
| necessary and proper, and the sane 10
change and alter at pleasure and 70 DO All
other acts and things permitted by Jaw, OF
as >hal, or may be necessary ana proper 4,
carry out the objects anu purposes "I s"'1
/ Said corporation. unless sooner dissolved
| in accordance with its charter, shall exist
| and continue for the period OF ulnety-nlne
/ wears 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
/ Article 1.-THE objects and purposes for
which this corporation IS organized, ana
/ the nature Of the business to h- carried on
| by It, are declared to be the following %
/ wit:
/ To conduct a general manufacturing and
dealing business in lumber and lumber pro
/ ducts and to this end II shall nave me
/ right 10 operate saw mills ana IactoEIts I'D.
| the manufacture OF furniture, ONCE nItureN'
| sash door and blinds, or other lumber pro
/ ducts. or any other product incident tHeFtl0
| to maintain stores and agencies Tor the SaIe
| Of their goods and in the carrying OUT 81
| these purposes they shall have the right 10
! buy and hold property. 10 acquire TIMBER
/ lands by purchase or lease, 10 operate pod'S,
vessels. railroads or tramwdyS for the trans
| Doration OF its products, and 10 perform
anv 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
! Srnted ny eight hundred and fifty tSJO)
shares of preferred stock OF the sum OF one
| hundred lSlOOi dollars per share and one
| hundred and fifty tlJO) shares OF common
/ stock Of the sum Of one hundred (SlOOl dol
lars per share. The preferred stock or thlS
! company shall be entitled 10 dividends al
the rate OF eight per centum per ahnuu',
| prior 10 the payment OF any dividends upon
| the common stock, and such dividends upon
| the preferred stock shall be cumulative. lhe
common stock is not TO receive dividends TOT
aFfrhf
PAID Tor that year on the existing outStand-
ing amount OF preferred capital STOCK; but
when eig.. per centum be paid for any year
on the whole combined common ana pre-
ferred capital stock, further dividends Tor
that wear are to be paid on both preferred
and common stock without distinction.
The preferred aud common stock shall De
maid for in cash at the time OF subscription,
| or the same may be issued at not less thdl
par In payment or exchange for property OF
rights actually received or purchased by ssid
| corporation, or the same may be Issued IuIl
paid. for money advanced. and for such otner
| valuable considerations or services as lhe
| board of directors Of said corporation may
determine; provided, tnat no STOCK shah oe
| issued until the consideration therefor mas
been received BY the said corporation.
ANY stakeholder may sell assign or trans,
fer his stock in this corporation Provlutu
thirty 800 days prior notice OF such lnten-
ton to SELL assign or transfer the same be
given the company, and the other stockhoid,
ers thereof shall have the first privilege OF
notice the said stock may be sold IN open
market.
The stock Of said corporation may be
transferred under the above conditions; pro
vded, such transfer thereon ne mace on 'nt
books of said company, at It's once: ana on
surrender of the certificate therefor. No
transfer OF any fractional part OF snare
snail be made. IL.
business as soon as three thousand tsS,OOOl
dollars of the capital stock shall have been
subscribed for.
. TO determine how much stock shall be ~
sued.
company shall be vested in and exercised by
a board of directors OF not less than 1oul
(4 members, consisting or the president
vice-president, secretary and treasurer
Three of said board shall constitute quo
rum for the transaction of business, anC
. their decisions shall be valid corporate acts
The following persons shall constitute th'
= first board of directors Conrad u. Fischer
James r. Westerfeld, Frederick Fischer anC
The onices of secretary and treasurer ma!
, be held by one or more persons, VINO nee'
not be stockholders
During the absence Of the president, I'M
vce-president shall act and preside.
Said board shall continue in office unit
F, the second Monday in July, 1918, on which
, date and thereafter annually, board o
directors shall be elected, unless the SAM
should be holiday, when the election shal
be held on the next legal day thereafter;
Notice OF such election shall be glvei
I only to common stockholders by at least TEL
C0) days continuous publication immedi
ately preceding each election In one OF tn
> daily English newspapers Of this city an
the board OF directors shall appoint one
more common stockholders to preside a
such election as commissioners In IN
2 event of the failure of any commissioner o
commissioners to attend, the president shall
: by appointment, fill the vacancy. Any fail
ure from any cause whatever to elect direC
l tors the day named for that purpose shat
not dissolve the corporation; but the direc
l tors then In office, as well as the ohcer
e of said company, shall hold over until thel
: | successors are chosen. -
In such event the president shall caus
| another election to be held within thlrt.
days. and shall give notice thereof as here
lnbefOre provided.
: At every election or meeting each common
T | stockholder shall be entitled to vote 10
each share of stock registered In his name
and may vote by proxy. Preferred stoc
? shall have NO voting power and only com
mon stock shall have the power OF vOtin
i to elect directors, or the power OF votin
on any other election, or for any purpose
, The election OF directors shall be by ba
{ lot and the majority In amount or vote
cast each share OF stock voted upon 20 b
. counted for one vote, shall elect the persO
/. or persons for whom they have been cast.
i After each election the board OF director
I shall elect from their own number the on
GERS OF said company.
: Article V.-The board OF directors sha
q have the full power to I'LL vacancies In thei
number. caused by death, resignation @
: otherwise, from among the stockholders c
G the corporation.
The said board shall have full contcol G