The herald., 1913-09-18
CHARTER.

! Lord one thousand nine hundred and thir-
teen and of the independence Of the United
states of America the one hundred and
Ithrty-eighth. before me, Philip GenSlpr, Jr.,
a nOtar- public. duly commissioned and quail
flied in aud for the parish OF Orleans. state
of Louisiana, therein residing, and in the
presence Of the witnesses hereinafter named
and undersigned. personally came and ap-
pea red the several persons whose names are
hercunto subscribed, who severally declared
thar, ayailing themselves Of the laws of the
state Of Louisiana. in such cases made and
provided. aud particularly Of the provisions
Of Act No. IS of the acts Of the General
Assembly OF the state OF Louisiana for the
year 1904. they have covenanted and agreed,
and do by these presents. covenant and agree
and bind themselves. as well as all such per
sons as may hereafter bccom easSOciated
with them. TO form a COrporation for the
objects and purposes. and under the articles
and StipulatiOnS following. to-wit:
ARTICLE THE name OF this corpora
tiun shall he the OLLIE CYPRESS COM
l'ANl.' and under its said corporate name
IL shall have power and authority TO have
and enjoy corporate existence and succession
FOR ninety-nine years from and after the
date hereof: 10 contract, sue and ha sued {:
10 make and Use corporate seal, and the
same 10 alter and break at pleasure: to hold.
receive. lease. purchase. own. and convey.
as well as mortgage and nypOthecate pro
perty. real. personal and mixed cOrpOreal
and incOrpOrcal: TO name and appoint such
managers. agents. directors and off rerS as
its business interest and convenience may
require. ana 10 make ana establish. as well
as 10 alter and amend from time to time
such bylaws. rules and regulations for the
proper mana cement Of its affairs as may be
necessary and proper.
| ARTICLE 1.-THE dOmicile OF said cor
pOra ton shall he in the city of New Orleans
! in the state Of Louisiana. and all citations
| or other legal process shall be served on the
president Of said corporation. or in the event
| of his absence on the viceIprcSident thereof.
and in the event of the absence of both OF
said officers, on the secretary Of the corpO-
! IA ton.
! ARTICLE III-The objects and purposes
! for which this corporation is established
and the nature of the business To he carried
| on by il are hereby declared to b. as fol
| lows To buy. sell. and generally TO deal in
| all kinds of timber. logs lumber. ties and
| other merchandise accessory 10 or npceSsar nv
| IN conjunction with the lumber business
either wholesale. retail. or both; TO lease
own, purchase, acquire. hold. sell. assign.
mortgage. and convey all forms Of property
whether real or personal or mixed within
| the state of Louisiana or elsewhere: to drai
and reclaim lands to operate saw mills and
planning mills or any other kind of wood.
working plants for the manufacture OF anv
and all kinds Of wood into manufactured
products. and for said purpose to construct
| tram roads, railroads and other means OF
| transportation, to operate the same. and To
10 such other things as NAV be necessary
Tor the conduct of a general milling and
manufacturing business: and particularly
| Tor the manufacture of ties billing lumber
! lathS. shingles. slaves. sash doors blinds
ana other understandable products: and for
| these purposes. TO charter or acquire tugs
scnoOnerS bargeS. dredges. pull-bOats. skid
drrs, and ships. and to operate same: IA
| construct and operate bOoms to establish
ana MAINTAIN camps: 10 operate cOmmiSSa "
stores. and to do everything and act necpS.
Sary 10, convenient for. or appropriate in
the accomplishment of the aforesaid mr.
poses. The corporation may conduct its said
business in any or all of its branches both
IN me state of Louisiana. or In any OF the
/ N a-rffs - II. q,
StateS or America, and to have power 70
hOld, purchase, own, mortgage and convey
both real and personal property in any OF
SAID states or territories
| ARTICLE lE-The capital stock OF This
cOrIOrallon Is hereby fixed at the sum OF
| thirty thousand dollars (S3O 600 OOl divjd.
go emit and represented by three hundred
| t5ool shares of stock Of the par value OF
one hundred dollars (S1OO.OO) each. which
SAID stock may be issued for cash. payahle
at such time. In such amounts and after
an "a, notiSe 10 me subscribers as may he
lNed by the board OF directors or II may he
issued Tor labor done. or for property actu.
ally received by the corporation This cor
Poratlon snail become going concern and no
thousand dollars (S3 OOOOO) OF IFS canital
STOCK snail have been subscribed for
AN I'l3E N-AIl the powers OF this cor
~ ora'iDn s1all be vested in and be exercised
iive stockholders, TO he elected ANNUALLY on
the nrst Monday Of May In each wear
Al such elections shall he held by ballot
ana conducted at the Office of said cornora'
tion under the supervision OF a commissjon.
Ier' 10 be appointed by the board Of directors
NoIlce OF such elections shall he given by
me me secretary of the corporation by publica-
ton In a newspaper published in the CITY q,
New orleans: said publication shall apDear
az az least three times, and said first pubiica-
non snail be made al least ten DAYS prior
10 the holding of said elections
AT all such elections and at all cornorato
meetings every stakeholder shall be entitled
10 one vote for each share of stock standing
IN IN M ms name ON the books Of the corporation,
W I've cast IN person or by his written Droxv
anc majority Of the votes cast shall elect
ANY vacancy occurring among the direc.
lprS 6y death: resignation. or otherwise
bv ~ oe nIIed ior the remainder of the term
| Dy the remaining directors
A failure to elect directors on the date
ABOVE specified shall not dissolve the corno-
m SeSn' h nor -, impair its corporate manage
remain in Office until their successors shall
DE elected and qualified
Inc board or directors shall elect from
among aIg their number president. who shall
also act as treasurer: a vice-president and
secretary They NAV from time 70 tirno
name ana appoint all such other officers and
| agents as they may deem necessary for tba
rbnpr os Sh ana business of the corporation
| ihey snail have power TO fix and define tbe
| umtleS or every officer and employe and ali
oIncerss and employees shall hold Office and
TTIhi p I at the pleasure Of the board
| n n
llSh as well as alter and amend anv anT
an bylaws, rules and regulations necesSa w
ana proper In their Judgment for the prone,
SSU 'n;, support and management OF the
business and affairs Of the corporation
| The board Of directors shall have fuII now
er ana authority to borrow money. TO eye
b hue MORTGAGES, and create liens: TO issue
apaIiS M notes ana other obligations. and gen
eIaHy 10 90 all things reasonable convent
eht. ana necessary for the proper conduct IA
the business Of the corporation. VI
me BOARD or directors may issue full naif
snaT re- OF stock of the corporation for cash
OF IN payment of labor done or pronerty
acIuaIly received by the corporation.
Every member of the board of directors
IN case OF his absence from the staff of ~,
tSIana, or the city Of New Orleans at any
.he: shalI nave the right to name and an
point, In writing. n proxy to renresent him
anu 10 sit and vote In his place and nama a,
niao IieSs LILIES OF the board, which may take
iPia,,p pT ruTIhg MS absence as aforesaid
ARIlCI4E Vf-Whenever this cornoratior
snan he dissolved, either by limitation -,
from any other cause its affairs shall ~
| Ilquldated by three commissioners to no an
maati, from among the stockholders at 4
meeeting OF the stockholders convened 70,
Such purpose. of which meeting notice shat
ne given Tor ten days, by written notice sam
py rsglStered mail to each stockhoIder at bjS
Ia ass known address and by publication in al
| ,east one newspaper In the city of New Or
leans during such time and a ma ioritr a.
amount or the capital stock of said cornora
| tlon represented at such meeting shalt h,
rei TO elect. Said commissioners shall
Iennaih IN once until the affairs of the cor
poratlon shall be fully liouidated Tn cosr
oi ihe death of any commissioner tha snr
wing commissioners shall nil the vacancy
aRIlCLE VII-This charter NAV be mod
ned, changed or altered, or said corporation
may be dissolved with the assent ~ throa
Iourtns or the capital stock Represented af a
general meeting of the stockholders convened
~ hon such purpose. and after notice shall have