The herald., 1913-03-13
CHARTER.
OF THE FIDELITY LUMBER COMPANY.
STATE OF LOUISIANA, PARISH OF OR
- .,I.I,N AL, NL,M DIP EANS

Be it known, that on this eleventh day
of March, in the year one thousand nine
hundred and thirteen, before me, WlllAm
Renaudin, a notary public, in ana Tor Ine
parish of Orleans state of Louisiana, duly
commissioned and qualified and In the pres
ence of the witnesses hereinafter named ana
undersigned, personally came and appeared,
the persons whose names are hereuntO Suo
scribd, all above the full age of majority.
who declared that availing themselves OF
the provisions of the general laws OF TINS
state relative to the organization OF c0rpor,
atoms, they have cOvenanted and agreed, and
do by these presents covenant and agree,
bind, form and constitute themselves, as
well as such other persons as may JON or
hereafter become associated with them, INTO
a corporation and body polite in law, for
the objects and purposes ana under me
agreements and stipulations following, To-
wit:
The name and title of the corporation
hereby formed is declared TO be the Fl
deity Lumber Company and under that
name it shall have and enjoy the rights,
advantages and privileges granted by law
to corporations. 1t shall exist for period
of ninety-nnc years from this date and
shall have power and authority TO contract,
sue and be sued, make and use corporate
seal 1.-THE same TO change at pleasurel hold,
receive, purchase convey, mortgage, hypoth
ecate or pledge property, both real and per
sonal, issue bonds, notes and other Obllsa-
tiOns or negotiable instruments; have ana
agents and other employees as the interest
and convenience of the said corporation may
require; make and establish such bylaws,
rules and regulations for the corporate man
agement and control of the affairs of the
corporation as may be necessary.
ARTICLE ii.
The dOmicile of said corporation shall be
in the city of New Orleans, state of LOuisi-
ana, and all citations or other legal process
shall be served upon the president OF SAID
corporation, or in his absence, upon the
vice president, or in the case of the absence
of both president and vice-president upon
the secretary or the treasurer OF the said
corporation.
The objects and purposes for which this
corporation is organized and the nature or
the business TO be carried on by 1t are here
by declared 10 be as follows:
To purchase, receive own and hold mort
cages, notes, debentures, shares of capital
stock, securities, obligations, contracts evil
dences of Indebtedness and other property,
any and all the rights, powers and privi-
| leges of individual owners thereof, to do any
and all acts and things tending TO increase
| the value Of the property at any time held
| by the corporation; TO Issue bonds and to
secure the same by pledges or deed Of trust
| or mortgage upon the whole or any part OF
the property held by the corporation, and
| TO sell or pledge such bonds for proper cor
porate purposes, as and when the board OF
| directors shall determine, and In the pro-
| motion Of Its said corporate business; 10
lease, purchase, hold, sell, assign, mortgage
| and convey real and personal property with.
| in and without the state of louisiana and
| in any part of the world; TO construct
| carry out, equip, improve, work, develop
administer, manage or control in the state
of Louisiana and elsewhere, public works
improvements and conveniences of all kinds
including railways (whetner propelled by
steam, electricity, horse or other pOwer)
water gas, electric works, terminals, bridges
viaducts, canals, hotels, piers, wharves anC
any and like works of internal improve
ment including sewerage, drainage, sanitary
water, gas, electricity, telephone, telegraph,
and power supply works, warehouses, mar
lketS, schools and educational institutions anC
all other works or cOnveniences of publ,
utility TO apply, purchase or otherwise ac
quire any contracts, DEGREES and concessions
for, or in relation to the constructions, ex
ecution, carrying out, equipment, manage
ment, administration or control of any work.
and cOnveniences, public or private, and L
undertake, execute, carry out and dispose o
or otherwise turn to account the same; Il
bore for oil, extract turpentine and othe
by-prOducts from pine, to do all and every
thing necessary, suitable or proper for tn
accomplishment of any of the purposes an,
attachments Of any Of the objects hereinbe
fore enumerated, or which shall at any time
appear for the benefit of the corporation
capable of being conveniently carried on II
connection with the above, or calculate oil
rectly 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 Kin
OF woodworking plants for the manufactur
or all and any kinds of woods into mel
cha ntable products TO construct tram roads
railroads and operate same. and to con
struct dirt roads and other things necessar
for the conduct of general milling and mar
ufacturing business, for the manufacturin
| of lumber, laths, shingles sash, dooss, blind
and wood into turned work and other mel
charitable products and to buy and sell ger
eral merchandise Of all kinds and TO conduC
the general merchandise business
> The corporation may conduct its bushes
In all its branches and have one or NOR
: Offices outside the state of Louisiana, in an
, or all OF the several states and territories {
District of Columbia, and in any or all
the foreign countries, and to hold, purchas
I mortgage, convey real and personal propert
e In any said state and countries.
ARTICLE ".
4 The amount of the capital stock of tn
q corporation is hereby fixed at the sum ,
three million CS3,00O,0 OO.OO) dollars, whiC
shall be divided into common and preferrC
y stock. or the common stock there shall
y five thousand shares, Of the par value
one hundred (S10O.0O) dollars each an
OF the preferred there shall be twenty-fi,
thousand shares Of the par value of OF
hundred (S1OO.OOl dollars each. The sa
two million five hundred thousand dolla
$4,000, 100000 of preferred stock shall
entitled TO receive dividends at the rate
seven per cent per annum, payable annual
out of the earnings of the corporation h
fore any dividends shall be paid upon Il
SAID common stock, and such dividends shg
be cumulative so that any deficiency in u
s. dividends to be paid on said preferred sto
!, IN any year shall be made good out of n
earnings of subsequent years before any di
e ldend shall be paid upon the said comm,
q stock. And In case there shall remain
e surplus after paying said dividend on d
d preferred stock, the said surplus wholly
IN part, as the directors may deem adyisa h
q shall be paid to the holders of the comm,
, stock, On the final liquidation of the CO
- poration, all arrears of dividends IL an
e snail be paid to the holders of the oil
1erred stock, and the preferred stock shf
c be paid in full before any payment shall
made TO the holders of the common stocl
but when such arrears of dividends and +
face value of the preferred stock shall ta
been paid, the holder thereof shall recei
no other or additional payments whatev,
but the balance Of the assets of the corp
of the common stock
The preferred and common stock of III
corporation shall be issued only for cas-
services rendered, or property actually ,
l. celved by the corporation and when issu
= snail be fully paid and worcestershire. Whe
~ ever shares of stock are paid for in 81
e vices rendered or property received the 81
services or property must have a val
e equivalent to the face value of the sto
~ issued for them. ''0
Each share Of common stock issued by n
7. corporation shall be entitled 10 one yc
/, whenever voting is necessary for any pI
Is pose. The preferred stock shall have
II Young power at all, the entire manageme
OF the corporation Is hereby vested in +
It owners of the common stock.
No transfer of stock will be recognized
the corporation unless IL be made on Z