The herald., 1913-04-03

of this corporation
ARTICLE ii.
The domicile Of this corporation snaln "
In the city Of New Orleans. state OF LOUIS
ana, but il may establish and operate Ldc
tories offices and agencies wherever IL may
deem advisable. All citations or other legdi
nroraSsos shall be served on the president OF
mis- corporation, or In the event or ms
absence or inability 10 act. upon the vice
president. --rr,r- III
The objects and purposes Tor wh,tm 'n ~
corporatibn is organized ana the naiuIe y.
tho business TO be carried on by II are
Ea-ohr declared TO he the general turpen
tine and lumber business in all us various
branches, and 70 that end 70 mahuidCtuse
purchaS. and sell turpentine, pltch, tar'
rnsin naval stores and allied products 70
,.r,,ire own construct and operate turpen
tinn stills Sawmlls planning mills, hrlerS
and al Uachinery and appliances III,
in connection with the operation OF SdLH
business and 10 manufacture any prouuS!a VI
wood such as sash. doors, blinds. trimmings;
l,,yas furniture and articles OF WOOD anu
it, variou, bv-productS And Furthermore;
40 own and operate in connection Win 80, T.'u
business. tram-rOadS. logging roads. Sallhs
vessels steam vessels and other wafer crdlt
necessary for the transportation OF us ma
rerial and products and also 10 mercantile
business. .,, -,
The canital stock OF this corporation Is
hereby fixed AZ one hundred thousand iSlVo,,
Ou0 90. dollars. divided into and represented
Iv thousand Z
Ired $500 OJD dollars each, which said
stock shall be paid for in cash. or IN SucE
amounts and in such manner as the bodIu
~ directors may determine, or may De Is
sued at par in payment Of property actually
purchased or services actually rendered 10
this corporation, which said stock Shah De
full paid and nOn-asSesSabie
This corporation shall be authorlzed 10
commence business and be a going concern
as soon as thirty thousand CS3OONOol dol
lars OF its capital stock r subscribed Tor,
which amount is hereby declared TO BE- SUD
Scribed.
rarabIp only on the books OF this corpora
ton, and no transfer OF stock shall be bind
ing or have any effect upon this corporation:
unless, and until made upon its books and
a prior lien on all shares Of stock shall be
retained by this company on the stock or
any shareholder for any Indebtedness Sc
cured or unsecured however evidenced or
created due at any time 10 the company
Inv the holder OF said stock, and all trans
ferS OF stock shall be made subject to these
conditions.
All the corporate powers or this cOrpOr-
alton shall be vested in, and exercised by
a board Of four directors who shall each be
stakeholder in this corporation the ma
| iOrity of whom shall constitute quorum
| for the transaction Of all business, and a
majority vote at any meeting shall decide
all questions voted upon.
said directors shall b. elected annually
| from the stockholders, on the hrst luesda!
of April in each year, after due notice OF
said meeting shall have been given 10 each
stockhol,ier, sent by mail 10 his last known
address. ten GOD days prior to the holding
| of said election, which said notice or any
other notice required by TINS cnarter, may
| be waived in writing.
| AT said election, and at all other meetings
| of the stockholders, the vote shall De by
ballot, and each share OF stock shall be
| entitled to one % vote, to be cast by the
| owner in person or by written proxy. Inc
| ma iority Of stock voted at any stockholders
meeting shall decide all questions voted
upon, except as otherwise provided
| Within one o. week from their election
| as above provided for, the board or directors
shall elect from among their members
president. first vicepresident and second
vice-president; they shall also elect Secre-
| tary treasurer, who may or may not be a
member OF the board or stockholder' al
the discretion Of the members OF the board
| All the said officers and directors shall
hold their respective ot1ces TOT per ,a
ton, or until their successors are duly
elected.
| The term Of the first board OF directors
and officers herein named. shall expire on
| April Z. 1914, or until their successors are
| duly elected as herein provided for. But
| the failure to hold an annual election OF
| to elect the officers, as above provided Tor
shall not result in the dissolution OF thl'
corpora ton, but the then board Of directors
and officers shall sc!3 their respective omce'
until their successors are duly elected.
| ANY vacancies occurring on said board Of
directors shall be filled by the remaining
| members Of said board for the unexpiret
| term, at a meeting called for that purpose
| after tea days prior notice in writing sen
by mail to said directors at their last known
| address and IL the said board falls TO cleo
at said meeting then the election may b
made by the stockholders at special meet
| ing called for that purpose in the name
herein provided for the election or directors
| The said board of directors shall hav
the power to make all bylaws, rules AM
regulations for the proper management ant
conduct of the affairs OF this corporation
and to change, alter, amend, or abolish tn
same at pleasure, and shall have and exer
else all the powers conferred by law o.
this corporation and as set forth In tni
, charter.
The said board Of directors may also de-
egate any OF said powers in the transaction
of the business OF this corporation to com
mittees Of their own body, or 20 the o1cer
and agents of this corporation, and sal
board shall have the right to suspend o
remove any employee at pleasure.
All the employees Of this corporation
except those holding the Offices of presiden
> and vice presidents, shall be considered a
!. employed by the month, unless otherwis
| specially contracted with in writing.
The first board Of directors Of this corpol
! alton Is hereby declared to Be: w. b. Gill
' can, New Orleans, La; Newton r. Wilson
Beaumont, Texas; Buckner Chipley, Ne7
J.
with the said W. B. Chilean as presiden
and the said Newton r. Wilson as 1st yic'
president and the said Buckner Chipey q
2nd vice-president and the said ]. A. TaylO
as secretary treasurer, who shall hold the
respective Offices until their successors al
duly elected and provided for.
. 1t shall be the duty OF the president {
this corporation, or in the event or his In;
bility or failure to act, then the duty {
vice-president, to call a special meeting {
| the board of directors or the stakeholder
= on a written request to that effect slgne
a by two or more directors, or upon the wri
ten request of ten per cent OF the stcc
[ issued.
= This corporation may be dissolved !
vote of three fourths (3-4) of the capt..
stock thereof, at a general meeting convene
L for that purpose in the manner as abo'
provided, for the calling of the meetin.
, held annually for the election of board
D.. directors, except that in that event a noti
;. thirty 800 days prior TO said meeting
. his last known address. Whenever this co
q pOration Is dissolved, either by limitation
/ otherwise, its affairs shall be hquidated
three liquidating commissioners to be elect,
!; at such general meeting, and In the case
r death. resignation, or inability to act Of al
of the said commissioners, the survivii
commissioner or commissioners shall appoi
a successor and together they shall contin
the liquidation to its termination.
ARTICLE VII.
. This charter may be changed or amende
VI and the capital stock may be increased
diminished, by a vote of two-thirds o..
Il of the capital stock issued at a general me,
o. ing called for that purpose. after thir
1907 days prior notice In writing havil
OF been sent to each stakeholder at his la
UT known address.