The herald. [volume] (New Orleans, La.) 1905-1953, 1913-09-18

estate timber lands. timber standing on
lands, or any other interest in said lands OF
timber, both In this state and esleWhere' 10
buy, sell, erect, own, lease or otherwlse ac'
uuire and to operate and MAINTAIN, IN TINS
state or elsewhere, saw mills, stave mills
heading mills, shingle mills, planning mills;
dry kilns, cooperage mills, SASH, Dilnd ana
door factories and all plants wherein WOOD,
logs and timber are manufactured, altered
or worked into telegraph and telephone poIes
piles, slaves, dimension stock, lumber, lath
shingles, cross ties, coOperage materlal,
or wood or forestry products 10 BUY, sell 70; OF
export or import, logs, timber, telegraph or
Telephone poles, piles, slaves, dimension
stock lumber, lath, shingles, cross Ties:
cooperage material or any other class OF
woedenware or building material or woos
or forestry products, or builders hardware
or roofing, or general building material 70
own, lease, buy, sell, build ana olner ,,snS
acquire. ALLEVIATE or maintain warehouses,
sheds, dwellings, storehouses, factories, mill
or lumber yards; to contract for the reno.
val of timber from land, to bore wells OF
ALI sorts; to buy ana sell merchandise ana
carry on a general store or commissary, and
to conduct hotels, boarding houses and lodg-
ing houses for its agents and employees
and generally to hold and exercise all sucn
incidental powers and privileges as relate
to the objects hereinbefore set forth.
Article IV-The capital stock of said cor
poration Is hereby fixed at twenty-five thou-
sand dollars 25,OOO.OOD divided INTO, OF
of one hundred dollars each (SlO0.OOl.
Article V.-All the powers OF this cor
poration shall be vested in and exercised Dy
a board of directors to be composed OF three
stockholders to be elected annually on the
first Tuesday of August OF each and every
year All such elections shall be by ballot
conducted at the Office of the said corpora
ton under the superinter tence or three com,
missiopers to be appointed by the board OF
directors and of such election-as well as
of all meetings Of stockholders. except for
the purpose of liquidation or dissolution, or
as otherwise required by law-ten days no
tice shall be given by mailing to each stock.
holder who appears as such on the books OF
the company, at his last designated address,
or at the general delivery at New orleans
nouncement stating the time and place OF
meeting.
Each stakeholder shall be entitled to one
vote for each share of stock standing IN
his name on the books of the company, TO
be cast in person or by proxy. and the ma
jority of the votes cast shall elect.
The board of directors shall have the pow
er TO fill all vacancies that may occur on
the board.
The failure TO elect directors on the date
above specified shall not dissolve the cor
poration, but the directors then In once
Shall remain In Office until their successors
are elected. Due notice OF another election
shall be given as above provided, and sucn
notices of election shall continue to be given
until the election is held.
tute a quorum for the transaction or any
business, and the board of directors at their
first meeting following each annual electlor
shall elect a president, vice-president, score
tary and such other officers as 1t shall deem
necessary The board shall have power In
its discretion to unite two or more omces
the same to confer upon one person.
The board Of directors may make ana IS
tablish as well as alter and amenS, any anc
all bylaws, rules and regulations necessary
and proper for the support and management
of the business and affairs of said corpora
ton, not inconsistent with Its charter.
Said board shall also have full power ans
authority to borrow money through the
president or some other duly authorized
agent or agents to execute mortgages, ISSUE
notes, bonds or other obligations. and gener
ally to do things reasonable and necessary
for the proper carrying on OF the bushes:
of the corporation; as also to issue and de
liver full paid shares Of stock, or bonds oil
obligations of said corporation In paymen,
Of labor or money borrowed, or property oil
rights actually received by said corporation
ANY member of the board of directors
who may be absent from the domicile OF the
company. or who may be prevented by sick
ness from attending may give writer
proxy to any other member OF said board o.
directors to represent him In all matters a.
any meeting of the board Of directors, wheth
Article VI.-Whenever this corporation
NAV dissolve, either by limitation or by am
other cause whatsoever, Its anairs snail D'
liquidated by three l3D stocknoluers 10 D'
appointed at a general meeting of the stock
holders for the purpose Of liquidation, a.
hereinafter provided, each share being en-
titled to one vote in person or by proxy. Sail
commissioners shall remain in ONCE unit
the AFFAIRS Of said corporation shall hav,
been fully settled and llquidated, and shall
have full authority and power to transfe
| and give title to all the assets and property
of the corporation. In case of death. disa
bility or resignation of one or more OF salt
| commissioners, the vacancy shall be nlle'
by election by the surviving commissions
| or commissioners.
The stockholders are especially empowered
nv a three-fourths vote Of the entire stock
| cast at meeting called for that purpose
| to sell the entire assets Of this corporation
either for cash or for stock In some othe
corporation.
Before any stakeholder shall make sal
| of his stock he shall offer same to his co
| stockholders who shall have the preference
over outside parties In the purchase OF sal
stock, provided the prices offered by then
| be equal to those available elsewhere.
Article vII.-This act of the corporation
NAV be modified or altered or said corpor
alton may be dissolved. with the assent o
three-fourths Of the capital stock represents
| at a general meeting of the stockholders con
vened Tor such purpose, after previous notic
| shall have been given In one or more dali
newspapers published In New Orleans thre
F.! times within the ten days next precedin