The herald., 1913-09-11

estate. timber lands. timber standing on
| lands, or any other interest in said lands or
| timber, both In this state and elsewhere; TO
buy, sell, erect, Own, lease or otherwise &C
quire. and to operate and maintain, in this
state or elsewhere, saw mills, staye mills,
heading mills shingle mills, planning mills,
dry kilns, cOoperage mills, sash, blind and
door factories and all plants wherein wood,
LOGS and timber are manufactured, altered
or worked into telegraph and telephone poles,
piles slaves. dimension stock, lumber, lath,
shingles. cross ties, cOOperage material,
or wood or forestry products to buy, sell or
otherwies acquire and ALLEVIATE and snip,
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
wOodenware or building material or WOOD
or forestry products, or builders hardware
or roofing or general building material 10
own, lease, buy, sell, build and otherwise
acquire ALLEVIATE or maintain warehouses,
sheds dwellings, stOrehOuSeS factories, mill
or lumber yards TO contract for the reno
val of timber from land. 10 bore wells OF
all sorts: TO buy ana sell merchandise and
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 such
Incidental powers and privileges as relate
to the objects hereiIbefore set forth.
Article IV.-The capital stock OF said cor
poratiOn is hereby fixed at twenty-five thou
sand dollars (s25, 100000 divided into, or
".
of one hundred dollars each (S100.00).
Article V.-All the powers Of this cor
pOratiOn shall be vested in and exercised by
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 ballNt
conducted at the Office of the said corpora
tion under the superintendent of three COM
mssioners to be appointed by the board Of
directors and of such eection-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,
II he had not designated an address, an an
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 office
shall remain in office until their successors
are elected. Due notice of another election
shall be given as above provided, and such
notices of election shall continue to be given
until the election Is held.
A majority of the directors shall cOnsti-
tute a quorum for the transaction Of any
and the board Of directors at their
first meeting following each annual election
shall elect president, vice-president, secre-
tary and such other officers as II shall deem
necessary. The board shall have power in
its discretion to unite two or more offices,
the same to confer upon one person.
The board OF directors may make and es-
tablish, as well as alter and amend, any and
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 and
to borrow money through the |
president or some other duly authorized |
agent or agents; to execute mortgages, issue |
notes, bonds or other obliga lions, and gener- !
ally to do things reasonable and necessary |
for the proper carrying on OF the business
Of the corporation; as also to issue and de-
liver full paid shares of stock, or bonds or
obligations of said corporation In payment
II labor or money borrowed, or property or
rights actually received by said corporation.
Any member OF the board of directors
who may be absent from the domicie Of the
or who may be prevented by sick
ness from attending. may give written
proxy to any other member Of said board OF
directors TO represent him In all matters at
my meeting Of the board Of directors, wheth-
er general or special
Article VI-Whenever this corporation
nay dissolve, either by Limitation or by any
,ther cause whatsoever, its affairs shall be
iquidated by three (3) stockholders to be
appointed at general meeting OF the stock
holders for the purpose of liquidation, as
hereinafter provided, each share being en-
titled to one vote In person or by proxy. Said
shall remain In office until
he affairs of said corporation shall have
been fully settled and liquidated, and shall
nave full authority and power to transfer
md give title to all the assets and property
" the corporation. In case Of death, dlsa-
,ility or resignation of one or more of said
the vacancy shall be filled
" election by the surviving commissioner
,r commissioners.
The stockholders are especially empowered
" a three-fourths vote Of the entire stock,
asst at a meeting called for that purpose,
o sell the entire assets of this corporation,
ither for cash or for stock In some other
Before any stakeholder shall make a sale
Il his stock he shall offer same to his CO.
who shall have the preference
yer outside parties In the purchase of said
took. provided the prices offered by them
e equal to those available elsewhere.
Article VII.-This act Of the corporation
nay be modified or altered, or said corpor-
tion may be dissolved. with the assent of
hree-fourths Of the capital stock represented
t q general meeting of the stockholders con-
ened Tor such purpose, after previous notice
hall have been given In one or more daily
newspapers published in New Orleans three
-ik Sha Jan l