The herald. [volume] (New Orleans, La.) 1905-1953, 1913-04-17
CHARTER.
OF THE FIDELITY LUMBER COMPANY.
STATE OF LOUISIANA, PARISH OF OK
TEANS City OF NEW ORLEANS.

If
Be It known, that on this eleyentn Ins
OF March, in the year one thousdRu Iui I'm
hundred and thirteen, before me, 80
Renaudin, a notary public, IN anu Lol ALL
narIsh of Orleans, state OF LOuisldna' 49,
commissioned and quaIlned1 anu 1tar AZ named and
ence of the witnesses hereinafter nanleu "a ca |
undnrsigned personally came ana dPPeaIeS'
the persons whose names are mercury StU
scribd all above the fuli age Vi m fos -;
,,bo declared that awaiting tneuselNeS.
tbe nroyiSions of the general laws ol tlL'
state relative to the organization OF c9rpT pa |
atoms, they have Coyenanted anu dsi I 800
do by these presents eoveha ,bomSaives as
bind form and constitute themSeifte einI or
yyeu as such other persons as may JON %
harcs ftcr become associated WIN tnSLI,
a corporation and body polite III law ~ ~
the objects and purposes am TdrIowing to-
arreements and stipulations ioIo"lhs' "
Wit: ,rr,crrI
The name and title OF me cor TSa !.Fi.
hereby formed is declared TO be ihe ~
Jciity Iumber Company and under ina
name II shall have and enjoy the TELLS.
advantages and privileges grantee Oy law
to corporations. II shan eAis ,bt to data and
Shon have mower and authority 10 CONTRACT,
she and De sued, make and use cVt PG IciI
seal Ctbe same 10 change at pleasure nun
racaiye purchase, convey, mortgage HyPotn
a.ote or nledge property, both real ana per
SonsI issue bonds, notes and other oOllsa
lions or negotiable instruments nav ~, az, aru
employ such managers, directors, toraSt,
! accents and other employees as the luIeLen.
"a Convenience of the said corporation may
renuire: make and establish such bylaws
rules aud regulations for the corporate man,
agement and control OF the aHa'rS Vi 'H'
CORPORATION as may be necessary
ARTICLE III.
The domicile OF said corporation shan Dc
| in the CITY OF New Orleans, state OF Lou,si,
ana, and all citations or otner la ~ soid
Shall be served upon, the president OF s tba
| cornoration or in his absence, upon tne
! ice-president, or in the case or the aDsehCe
| ~ both president and vce-presldent upon
the secretary or the treasurer Oh 'ne S''u
| corporation. -,,c,,r III
The objects and purposes for which this
corporation is organized ana lhe na n. 49,
| the business TO be carried on Oy II are He'e
! by, declared TO be as follows:
! To purchase. receive, own and hold nor
| On l,es notes, debentures, shares OF capIldi
! Stock securities obligations, contracts, eNl-
dencss Of Indebtedness and other property
any and all the rights, powers ana priv
| leEes of individual owners thereon, TO 20 an!
and all acts and things tending TO increase
the value OF the property at any TIME Ietu
| hy tho cornOratiOn; TO issue bonds and 10
| secure the same by pledges or deeu vi rus
| or mortgage upon the whole or any par Vi
| the property held by the corporation, anu
TO sell or pledge such bonds LOT proper 80, .
| norate purposes as and when the board OF
| directors shall determine, and IN the pro-
| motion OF its said corporate business 70
lease, purchase, hold, sell, assign, NOR tsaSe
| and convey real and personal property WIN,
l in and without the state OF louisiana anu
in apy part OF the world; TO construct
carry out, equip, improve WORK, ue'eIop,
administer. manage or control In tne S,St'
improvements and cOnyeniences or all KINDS,
Including railways (wnetner propeneu p'
steam. electricity, horse or other power
water gas electric works, terminals, bridges,
yiaducts. canals, hotels, piers, wharyes and
: anv and like works of internal improve
ment including sewerage, drainage, SANITARY
water. gas, electricity, telephone, telegrapnit
and mower supply works, warehouses. mar,
lkets schools and educational institutions anC
all other works or conyenlenceS OF puoii'
utility to apply, purchase or otnerwise ae
ouire any contracts. DEGREES ana CONFESSIONS
for or in relation to the CONSTRUCTIONS, ek
acntion carving out, equipment, manage
ment administration or control or any Works
and conveniences, public or private; ana .
undertake. execute, carry out ana dispose "
or otherwise turn to account the same u
J bore for OIL extract turpentine and otnel
nv products from pine, to do all ana every
thing necessary, suitable or proper Tor I'M
accomplishment of any OF the purposes AM
Attachments of any of tie objects herelnOe
fore enumerated, or which shall, at any time
appear for the benefit of the corporation
capable of being conveniently carried en- u
connection with the above, or caIculsue u,
=, rectlv or Indirectly to enhance the value OF
! or render profitable any of the corporation
; property or rights. Also to build and oper
ate sawmills and planning mills, and any KIM
OF woodworking plants Tor tne ma nun ,nr
cha ntable products; TO construct tram roauS
railroads and operate same; ana 10 con
!, struct dirt roads and other things necessar
for the conduct of general milling ana man
ufacturing business. for the manufacturln
I of lumber laths shingles, sash, dooIs, blind
E and wood into turned work and other mei
: charitable. products and 70 buy ana sell ger ger
! eral merchandise Of all kinds and 10 conduc
J. tho panaraI merchandise business.
The corporation may conduct Its bushes
d in all its branches and have one or NOR
q offices outside the state OF Louisiana. IN an
!, or all of the several states and territories
. the United States Of America, and In IN
District Of Columbia, and In any or all
q the foreign countries, and to hold purchas'
= mortgage. convey real and personal proper'
in any said state and countries.
J. ARTICLE ".
n The amount of the capital stock OF tn
J. CORPORATION Is hereby fixed at the sum
q shall be divided into common and preferre
Or stock. OF the common stock there snail
five thousand shares, OF the par value
o. one hundred (s100.00) dollars each; an
IS thousand shares of the par value Of OF
Sc hundred (S100.00) dollars each. The sa
two million five hundred thousand doila
r- (S2.50O, 100000 OF preferred stock shall
seven per cent per annum, payable annual
I" on the first day Of January OF each yei
l., out OF the earnings Of the corporation b
nt fore any dividends shall be paid upon q
e said common stock. and such dividends shs
as be cumulative so that any deficiency In q
or dividends to be paid on said preferred sto
III In any year shall be made good out or I!
re earnings OF subsequent years before any oil
idend shall be paid upon the said CONNIE
OF stock And In case there shall remain
"a. surplus after paying said dividend on z
OF preferred stock, the said surplus, wholly
OF In part, as the directors may deem adyisat
RS shall be paid to the holders Of the COMM
ed stock On the final liquidation of the &C
IL poration, all arrears OF dividends, II ~
OK shall be paid to the holders OF the pi
ferred stock, and the preferred stock sh'
be paid in full before any payment shall
Dy made to the holders OF the common stoc
Lai but when such arrears Of dividends and t
go face value Of the preferred stock, shall Ia
we been paid, the holder thereof shall recei
gs no bther or additional payments whatev'
OF but the balance of the assets Of the corp
zee alton shall belong entirely to the holde
ieI Of the common stock.
at The preferred and common stock of Il
or corporation shall be issued only for ca:
or services rendered, or property actually
oy ceived by the corporation and when issu
-ed shall be fully paid and worcestershire. Wht
OF ever shares of stock are paid for In s
ny vices rendered or property received the 81
~ services or property must have val
INT equivalent to the face value of the ste
Tue Issued for them.
Each share of common stock issued by 4
corporation shall be entitled to one "
ca, whenever voting Is necessary for any p
or pose. The preferred stock shall have
~ voting power at all, the entire managem,
,el- Of the corporation Is hereby vested in
ry owners Of the common stock.
ing No transfer OF stock will be recognized
asl the corporation unless II be made on