The herald., 1913-08-28

estate. timber lands. timber standing on
lands, or any other interest in said lands OF
timber both in this state and elsewhere 10
buy sell erect, own. lease or otherwise &C
ouire and to operate and MAINTAIN, IN !nIS
state or elsewhere, saw mills, StaNe NILS
heading mills. single mills, planning mills.
dry kilns cooperage mills, sash, Dllnd anu
door factories and all plants wherein Woou,
logs and timber are manufactured, altered
or worked into telegraph and telephone pores
niles slaves dimension stock, lumber, latn,
shingles cross ties, cOOperage MATERIAL
or wood or forestry products; 10 Ouy' sell OF
EXPORT or import, logs, timber, telegraph or
teIepuone 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, Dulid anu olneLMIse
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
all sorts: to buy ana sell merchandise ana
carry on a general store or commlssary' anu
10 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
70 the objects hereinbefore set forth.
Article IV-The capital stock OF said cor
poration Is hereby fixed at twenty-five thou
sand dollars 1926. 100000 divided into, or
represented by, two nunureu anu my Sh1ieS
of one hundred dollars each (S1O0.O0(.
Article V.-All the powers OF TINS cor
poration shall be vested In and exercised Dy
a board of directors TO be composed OF three
stock holders to be elected annually on the
first Tuesday of August of each and every
wear All such elections shall be by ballot
conducted at the office OF the SAID corpora
ton under the superintendent OF three com
missioners to be appointed by the board OF
directors: and of such electiOn-as well as
of all meetings of stockholders, except Tor
the purpose OF liquidation or dissolution, or
as otherwise required by iaw-ten Gays NJ
holder who appears as such on the BOOKS OF
the company, at his last designated address,
or at the general delivery at New orleans
If he had not designated an address, an an.
nouncement stating the time and place or
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, ana the ma
ioritv 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.
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 such
notices of election shall continue to be given
until the election Is held. .,, u.,
A majority of the directors shall constr.
tute a quorum for the transaction or any
business and the board of directors at their
first meeting following each annual election
| shall elect a president, yice-presldent, score
| tary and such other officers as II snail dee ~
necessary. The board shall have power II
] its discretion to unite two or more oinces
the same to confer upon one person.
The board of directors may make and es
tablish as well as alter and amen3, any anC
all bylaws, rules and regulations necessary
| and proper for the support and management
| of the business and affairs Of said corpora
| tion. not Inconsistent with its charter.
| Said board shall also have full power ant
authority to borrow money through the
| president or some other duly authorized
| agent or agents; TO execute mortgages, ISSUE
| notes, bonds or other obligations, ana gener
aIlv to do things reasonable and necessary
| for the proper carrying on of the business
/ of the corporation as also TO issue ana de
liver full paid shares OF stock, or Donds OF
obligations of said corporation IN paymen a
| rights actually received by said corporation
| ANY member of the board OF directors
| who may be absent from the domicile OF IN
COMPANY or who may be prevented by SICK
| proxy to any other member or SAID Doaru o
| directors to represent him In all matters a
any meeting of the board of directors, wheth
Article yI.-Whenever this corporation
| NAV dissolve, either by limitation or by an!
| other cause whatsoever, Its anairs shall o
| liuuidated by three t3D STOCKHOLDERS "
! annoInted at a general meeting Of the stock
holders for the purpose of liquidation,
hereinafter provided, each share being en-
| titled to one vote In person or oy proxy. Sal
commissioners shall remain In ONCE unit
the affairs of said corporation snail nav
been fully settled and liquidated, and sha
/ have full authority and power to transfe
and give title to all the assets ana propert
~ the corporation. In case OF death. dlsa
| hilitv or resignation of one or more or sal
/ commissioners. the vacancy shall be file
I nv election by the surviving commissions
/ or commissioners.
The stockholders are especially empowere
i nv A ree-fourths vote Of the entire stocl
cast at a meeting called for that purpose
TO sell the entire assets OF this corporation
either for cash or for stock in some othe
BEFORE any stakeholder shall make sal
Of his stock he shall offer same to his CT
stockhoIders. who shall have the preferenC
over outside parties in the purchase or sal
stock, provided the prices offered by thei
no eoual to those available elsewhere.
ARTICLE VII-This act OF the corporate
NAV be modified or altered or said corpo
stion NAV be dissolved. with the assent
rhree-fourths Of the capital stock representa-
at a general meeting of the stockholders cor
yened Tor such purpose, after previous noti.
shall have been given In one or more dali
newspapers published In New Orleans thrt
| times within the ten days next precedir