The herald., 1913-10-30
ACT OF INCORPORATION OF LOUISIANA
llMEER LNNEANN

ACT OF INCORPORATION OF LOUISIANA
! TIMBER COMPANY.
| STATE OF LOUISIANA, PARISH OF OR
! LEANS, CITY OF NEW ORLEANS.
BE it known, That, on this the 2Ith day
of the month of October, In the year Of Our
| Lord, one Thousand, Nine Hundred and
y Thirteen, and of the independence of the
/ United States of America, the one hundred
I and thirty-eighth. before me, Charles +.
/ FlctChingur, 4 notary public, duly cOumiS-
! Parish and State aforesaid, therein residing,
ana IN the presence Of the witnesses herein
l after named and undersigned, personally
/ came and appeared the several persons
whose names are hcreuntO subscribed, who
! declare that, ayailing themselves of the pro-
! visions Of the laws of this State relative
! TO the formation and organization of curpur-
| atlonS, they have cuvenanted and agreed,
/ and do, by these presents, covenant. agree
| and bind themselves. for the purposes here
! lndtter stated, as well as those who may
| hereafter become associated with them, 10
! form themselves into a corporation for the
! objects and purposes with name and under
| the StipuiatiOnS following. to-wit:
| ARTICLE 1.-The name and style Of this
! corporation shall be LOUISIANA TIMBER
! COMPANY, and by said corporate name ii
| shall have Succession and enjoy existence for
a period Of ninety-nine years. unless sooner
| dissolved in the manner provided by law and
| the ARTICLES of this charter; and, under said
| corporate name, ii shall have power and
! authority 10 contract. sue and bc sued. to
! make and use a corporate seal. the same
| to alter or break AT pleasure: To make all
! necessary rules and regulations for its cor
| pOrate management and control and shall
! have and enjoy all the rights privileges and
| lmlnunitleS which are now conferred upon. or
may hereafter be granted TO- corporations of
| the same kind and character.
! ARTICLE 1.-THE dOmicile of this cor
| poraton shall be in the City of New Or
| leans, State Of louisiana and all citations
| and other legal process shall be served upon
| the President, or, in his absence or inability
! TO act. upon any other officer Of the cor
/ pOratiOn.
| ARTICLE III.-The objects and purposes
| for which this corporation is organized are
| hereby declared to be 10 buy and sell timber
lumber and timber lands: to acquire, main
| tam and operate Sawmills and plants for the
| manufacture Of timber into lumber; TO ac.
qulre, maintain and operate logging rail |
ways Tor the purpose of transporting logs
from the forest To saw mills to acquire by |
purchase lease or otherwise timber and |
other lands and to mortgage or otherwise |
cucumber the same at pleasure, and TO do |
ana perform all things incidental or germane |
10 the objects and purposes above expressed |
LIE lN.-The capital stock OF this |
corporation Shal be Fifty Thousand Dollars |
lJoOVo), divided into five hundred (JOOD |
ShareS OF the par value of One Hundred |
dollars lSlOO.OOD each said stock shall be |
issued only for cash or in payment Of prom
erty or services actually received by or rem
defed 10 said corporation. This corporation
snail commence business and become a going
concern as soon Four Thousand Dollars
OF its capital stock shall have been subscrib-
DE issued and payment made therefor subject |
OF the action and call of the Board of Direc- |
Tors tors. said stock shall be fully paid at the
aSsesSable, and the capital stock NAV be
increased or decreased in the manner pro.
VlIed by the laws OF this State
, Inc parties TO this Act declared that they
hereby subscribe for the number Of shares Of
Salu capital stock set opposite their respec- |
i've signatures hereto, so that this Act of
scriptiOn. SUI
No present or future stOckholder shall ever
Nalldly sell, assign or transfer other than
~ inheritance, any of the capital stock of
ihlS corporation, until the same shall have
peSn hrSt offered to the remaining stock
holders for the benefit of thOSt StockhoIders
Mo Mmo may desire To purchase the same
l.rouSh the Board Of Directors for a period
OF ten days, at the book value as shown by
me DOCKS OF the corporation on the date
, Lne laSt inventory was made, preceding the
uite OF such offer. 1t shall be the dutv of
the Board of Directors. prOmptIy unon resl
celving an offer Of SALE Of any of the canitaI
@ slock on me corporation, to communicates the
same 10 the stockholders, in writing througb |
Ihe secretary of the company and aacb Of
Snch stockholders shall be entitled TO mr.
naSe enr G Sueh proportion Of the stock, so offered
by him at the time bears TO The rur,hor
owned by all other stockholders desiring r.
participate in the purchase ~ !
,rItil AK N IL N-All the powers of this cor ,
ord'loh snail be vested in and be exercised
Dy board of three directors TO he eIectad
rd. aacn year ny the stockholders AT the annual ,
FIa 'lnS a1it the said directors shall be bona
l' iue stockh0IderS. and the first board shall
.uh>ISt or Henry D. Richardson who shall
~ P.eslueht ana general manager: William
r., r,a!i r.|,!i VINO snail he vice-preSident: J. q
INtupeFg, VINO shall he secretary reo surar
On the first Tuesday in October, 1911 and
'haIi ,hnnId!iE thereafter. except when such day [
,aaI ,nat tali on legal holiday then on the 3
~, succeeding Iayday. the Stockholders
'haIl elect a board of directors for tbn -
,uInS year the board already Installed 70
pn'inne Oh nI TO hold over until their successors
IRE eiected and qualified The hoard 90 |
directors so elected shall seIact frona oudru OF
,Wh number the officers of the cornoration
@ nno ShaII be president who shall no also
tiamser yicepresdent and a
'rs snail be by ballot. and the nersonS 90
ci' n lnS the largest number of votes cast SHAH Il
INV 'iofIed. otbaI For electing directors or for
~ IS o.ntr purpose, each share of stool
SSneiher present or by proxy. shall bo on
ast .u.tu 100, 10 one vote; and a majority Of yofss
a as' snail SnaIl be required TO pass any resolution
y y ueclue any question submitted ia The | n
Iockholders, except for the aItero TO-, 'av n
imendment of this charter. or tbe diSSoIg, c
iIn IGd5 Oh the corporation as hereinafter nro. D
The said board of directors shall have
over and authority TO make nIl ,,acoe.a Law
ules ana regulations for the mana9ement
perallon and control Of the business 90 +bo
ni 9 ul9Il; as wei as TO make all necessary
lieS ana bylaws, with power 10 fiI an 4
aGancy occurring in their numebr. 4 ma. II
,rty or the Directors voting at onv ono -
ne, IN person, or by proxy. shall io ro o
= lIred req 10 pass any resolution or adopt anv d.
LAWS laws and which. when so adopted shall
come valid corporate acts '""i
AkILtLE EI-NOtice of all meetings of
ockh0lders for electing directors or for
:! plner purpose. shall be given. in writ
IL, U me secretary. 10 be deposited in tbe ST
all, ar least ten days before such maating D
recIed 10 each stock holder. at his last 'b;
i"wh address. appearing upon the hooks al
-, i me corporation. unless said notice is :,
lNed IN writing by all the StockboIdars CT
bearlng as such upon the books hi
AK l'LE NII-This act of incorporation =
~ De modified added to. changed or cl
ienIeu, iaI or ms corporation may he dis in
yea Dy and with the assent OF tbe HOLDERS =
I1,rree-fourths in amount of its then ont w
indiLng capital stock. given at a general De
ellng or The StOckhnldnrs Of The An,-,,ana :