The herald. [volume] (New Orleans, La.) 1905-1953, 1913-04-17


sary to carry out and execute the purposes
of this corporation.
ARTICLE H.
The dOmicile OF this corporation snaH De
in the CITY of New Orleans, state OF LOUISE
ana but IL may establish and operate rae
tories, Offices and agencies wherever y may
deem advisable. All citations or otheI Iesdt
processes shall be served on the president OF
This corporation. or in the event OF ms
absence or inability to act, upon the vice
president. ,-,-, ~,
Tho obiects and purposes for which this
! CORPORATION Is organized and the nature OF
/ the business to be- carried on by II are
hereby declared to be the general luI Peu-
| tine and lumber business IN al us va. 80
| Ira ncheS and 10 that end 70 manuidc'uLe'
| purchase and sell turpcntine, pltcu, taI'
rosin. naval stores and allied prolucls !"
| acquire own. construct ana opeTate u, u
tine stills, Sawmills pIani,hIg nlii,S. ,,ys1ry
:. and all Ulachinery and appliances hecyssdi4
| in connection with the operation OF sdLI
| business aad 20 manufacture any prYuuCttS va
! wood such as sash. doors, blinds truhtlInEN
| boxes furniture and articles OF WOOD anu
g. vari,uS by-prOducts. And Furthermore,
| "a own and operate in connection VIII , SaIu
business tram-rOadS, logging rOduS, SaIIIit s
vessels. steam vessels ana other WaIt. - "a
! necessary for the transportation OF It's ma
/ terlaI and products and also DO HeTcdn'l''
business ARTICLE ".
| The capital stock OF this corporation Is
bor.Ly tiyaJ NJ one hundred thousand t$lOo,-
GOO uO) dollars divided into ana represented
nv one thousand $1,000 shares OF one nun
bred (SIOO.OOl dollars each, whlch salH
! 80, shall he pald for I'm cash, or In SucE
amounts and in such manner as the board
| ~ directors may determine or may DE IS
sued nj par In payment OF property actuaily
! purchased OF services actually rendered 10
! This corporation, which Sald STOCK sHai w
! fuu paid and worcestershire.
| T,iIs corpcration shall be authorized TO
commence business and be a going concern
as soon as thirty thousand tS3oOoo;Oo, 9oI-
lars of its capital stock Is subscribed Tot
which amount Is hereby declared 10 be sub
| Tba shares Of this stock shall be trans
ferable only on the books or inns corpora
ton. and no transfer OF stock shall DC Dinu'
ing or have any effect upon this corporation,
unless. and until made upon Its BOOKS asu
n prior lien on all shares or stock ShaiI oe
| retained by this company on the STOCK OF
arv Shareholder for any Indebtedness, Sc
cnTed ar unsecured however evidenced or
created due at any time TO the company
: NV the holder OF said stock, and all trans
fers OF stock shall be made subject 10 'heSe
conditions. -,o,,r
All the corporate powers OF this corpor
alton shall be vested In, and exercised .!
| n hoard OF four directors. who shall each DC
: stakeholder in this corporation, the ma
| iority of whom shall constitute a quorum
Tor The transaction Of all business, ana
g.. majority vote at any meeting snail ueciu'
a
Said directors shall be elected annually
| from the stockholders. on the nrst luesudA
of April in each year, AFTER que NOTICE "
said meeting shall have been gwen 10 escr
stockholder, sent by mail TO his last known
address, ten (l0) days prior TO the holdlnt
Of said election, which said notice or an!
other notice required by this charter, ma!
be waived in writing. , .,,
OF the stockholders, the vote snail o. .!
ballot, and each share OF stock shaI %
entitled to one "a vote, to be cast Oy IN
owner In person or by written proxy. IN
. majority OF stock voted at any stockholders
meeting shall decide all questions Vote'
r upon, except as otherwise PROVIDED. -.
Within one % week from their electioi
r as above provided for, the board OF Director
shall elect from among their members,
> nresident first vce-president and secon'
' vice president they shall also elect secre
tary-treasurer, who may or may not be
81 member OF the board or stockholuer,
tho discretion of the members of the board
All the said officers and directors shai
hold their respective ofhces Tor peTio'
of one tl) year from the date or their cree
j. ton, or until their successors are dul.
; The term of the first board Of director
b and officers herein named, shall expire o.
April 4, 1914, or until their successors ar
: duly elected as herein provided Tor bu
!. the failure TO hold an annual election o
to elect the officers, as above provided foI
/; | shall not result in the dissolution OF Uni
corporate but the then board OF director
and officers shall Sct1 their respective o"ce
until their successors are duly elected.
ANY vacancies occurring on said board Q
directors shall be filled by the remalnlh
| members OF said board for the une1plre
, term at a meeting called for that purpose
after ten days prior notice in writing sen
by mail to said directors at their last know
address, and IL the said board falls to cleo
n at said meeting, then the election may J
i. made by the stockholders at special NEE
u ing called for that purpose In the name
q herein provided for the election OF directors
The said board Of directors shall nav
the power to make all bylaws, rules an
regulations for the proper management an
y conduct of the affairs OF this corporation
). and to change, alter, amend, or abolish IL
same at pleasure, and shall have and exc
o. else all the powers conferred by law Q
n this corporation and as set forth In tn
charter.
D. The said board OF directors may also de
egate any. of said powers in the transsctlC
Ie OF the business of this corporation to cor
, mittees Of their own body, or 20 the once
- and agents of this corporation, and sa
s, board shall have the right to suspend
remove any employee at pleasure.
l. All the employees of this corporatio
h. except those holding the offices of preside
and vice-presidents, shall be considered
Z. employed by the month, unless otherwl
- specially contracted with in writing.
II The first board of directors Of this corpt
tt, | alton is hereby declared to be: ". y: Gil
can, New Orleans, La. Newton X. Wilso
Beaumont, Texas; Buckner Chipley, Ne
Orleans, La. ; VI. ]. DAILY, New Orleans, Il
with the said w. B. Chilean as preside
and the said Newton r. Wilson as LIST viz
president and the said Buckner Chipley
md vice-presldent and the said J. A. Tay
as secretary-treasurer, who shall hold thu
respective Offices until their successors
duly elected and provided for.
be 1t shall be the duty OF the president
a, this corporation, or in the event OF his In
~ bility or failure to act, then the DUTY
vice-presldent, TO call a special meeting
the board of directors or the stockholde
le- on a written request 10 that effect, sign
a by two or more directors, or upon the WI
~ ten request Of ten per cent of the ste
mt issued.
ar This corporation may be dissolved
"a. vote of three-fourths (3-4) of the capt
Nv stock thereof at a general meeting CONVEX
at for that purpose in the manner as abb
provided, for the calling OF the meetir
u held annually for the election of board
n; directors, except that IN tnat event not
In writing shall be sent to each stockhol'
rs. thirty 1901 days prior to said meeting
~. his last known address. Whenever this C
'Ne poration Is dissolved, either by limitation
Lel, otherwise, its affairs shall be lquidated
three liquidating commissioners to be cleo
81 at such general meeting, and in the case
ar death, resignation, or inability to act Of
of the said commissioners, the surviy
commissioner or commissioners shall apo
successor and together they shall contil
. the liquidation to its termination.
ARTICLE VII.
Ar This charter may be changed or amend
"" and the capital stock may be increased
TT, diminished, by vote OF two-thirds q
sc. SS of the capital stock issued at a general mt
-'S' ing called for that purpose, after thi
81 1907 days prior notice in writing hav
oUr been sent to each stakeholder at his