The herald. [volume] (New Orleans, La.) 1905-1953, 1913-04-03
CHARTER

CHARTER
OF THE RED GUM LUMBER COMPANY
UNITED STATES OF AMERICA, STATE
OF LOUISIANA. PARISH OF ORLEANS,
CITY OF NEW ORLEANS.
Be IL known, that on this twenty fourth
day Of the month Of March, in the year
nineteen hundred and thirteen, before me-
Charles ROsen. a notary public, duly com
missioned and qualified, in and for the
above parish and state, and In the pres
ence of the witnesses hereinafter named and
undersigned, personally came and appeared
the persons hereinafter subscribed, who de-
clared that, ayailing themselves of the laws
OF this state, relative TO the organization OF
corporations, In such cases made and pro-
yided. they constitute themselves, their as
sOclates, successors and assigns, a corpora
ton under the stipulatlons herein set forth,
which they adopt as their charter, tO-wit:
ARTICLE l.
The name and title Of this corporation
snail be The Red Gum Lumber Company,
and 1t shall enjoy succession for ninety nine
years from this date, and shall have for the
purposes Of the business to be carried on by
1t, all the powers conferred by law upon
corporations, including the power to con-
tract debts, borrow money, issue notes and
other obligations, and to purchase, lease
sell mortgage, pledge, exchange and other
wise acquire, ALLEVIATE or dispose Of prop
erty, real, personal or mixed, in the prose
cution of Its business to contract sue and
be sued; to make or use, IL IL so desire a
corporate seal, and the same to break or
alter at pleasure; to make bylaws for its
government and the same to alter amend
or repeal at pleasure; to name and employ
such managers, directors, officers, agents
and employees as its interests may require !;
and generally to exercise all the powers nee.
essary or convenient to carry on said bus
mess.
ARTICLE III.
The dOmiclle OF this corporation shall be
In the city Of New Orleans, state of Lou
isiana, and all citation and other legal nro-
SprVaH hn
In case OF his absence or disability, on the
secretary-treasurer.
ARTICLE III.
The objects and purposes Of this corpor-
alton and the nature of the business to be
carried on by 1t are hereby declared to be
TO buy, sell, export, manufacture and other
wise deal In red gum and other lumber and
timber ana other forest products, whether as
prlnclpal or agent, on commission or other
wise; to own and lease and otherwise ac-
quire and operate sawmills or manufactures
In connection with the lumber business: to
Duy ana sell and otherwise acquire real es-
tate ana timber lands; to own and lease
and otherwise acquire and operate lumber
yards; to own and lease and otherwise ac
qulre and operate railroads, tramways YES
sels or other conyeyances in connection with
any or the above and foregoing businesses :
and to do any and all things connected with
and Incidental to said businesses.
ARTICLE ".
The capital stock Of this corporation Is
L
dollars, divided into and represented by five
hundred shares Of the par value of one
hundred dollars per share. This companv
snaii nave the right to commence business
ana De going concern when ten thousa nd
| dollars or the capital stock shall have been
| subscribed. All stock shall be maid for
| either IN cash or property received or labor
| zone at such time and upon such terms and
| condltions as the board OF directors shall
| prescribe. The capital stock NAV he In.
creased or decreased in accordance with the
| laws OF this state. All transfers of STOCK
snail De made on the books OF the company
| on the surrender OF outstanding certificates
| and pursuant to such rules as the hoard ~
directors may prescribe, and no Certificate
or stock shall be issued except when maid
| In full as above pow
sell or dispose OF his stock without first of
1erlng 1t In writing for fifteen DAYS through
| tne board OF directors to the other stoct
no,1ers IN proportion to their respective
holdings, at price not In excess OF the
book value as Of the date Of such offer and
II any stockholder refuses to purchase the
Others shall have the right to buy the samt
IN proportion to their respective holdings
and all stock shall be issued and held sub
)ect 10 this provision Of the charter
= Inc corporation shall have the right I,
purchase any business within the purpose,
OF TINS corporation and pay for same eitheI
otherwise as the board of directors shall
decide. snai
Z. ARTICLE v
J All the powers Of this corporation shall
be vested in and the business and afYair
snail be managed by a board of director
consisting OF three stockholders who shat
De elected annually at a meeting OF IN,
stockholders held on the first Monday O
Mareh or eacn year, except the first boar
OF directors who shall hold Office until tn,
nrst annual meeting which shall take plac
on the nrst Monday of March, 1914.
All eiections shall be held by ballot a
the ONCE OF the company under the super
vision OF two commissioners to be appointe,
by the board of directors Notice Of sucl
meeting shall be given BY the secretary
treasurer In writing, delivered to each stock
holder In person, or mailed to his last know
address, at least ten days prior to sucl
election, or by one publication IN a dali,
newspaper In this city at least ten DAYS prio
to such election; but this notice NAV b,
waived by all the stockholders.
At all such elections and at all meeting.
OF the stockholders, every stakeholder shall
be entitled to one vote for each share O,
stock standing In his name on the books O,
the company at the date Of such election OF