The herald., 1913-05-08

pOratlons they have covenanted and agreed
and do by these presents do covenant and
agree, bind, form and constitute themselves
as well as such persons who may hereafter
join or become associated with them, into
corporation and body polite In law, for
the objects and purposes and under the
agreements and stipulat!ons following, to-
wit:
ARTICLE l.
The name and style Of this corporation
shall br the "l.acOmbe Lumber tumpany"
ana under that name ii shall have and en-
JOY all rights and privileges granted by law
10 corporations; II shall exist for the period
OF nincty-nine years from this day; ii shall
have power to contract sue and be sued In
lis corporate name; to make and use a cor
purate seal and the same 10 alter at pleas
ure; 10 hold, receive, purchase, convey
mortgage, hypothecate or pledge property,
both real and personal 10 issue bonds notes
and other obligations; to have and employ
such managers, directors, officers, agents
ana other employees as the interest and
convenience Of said corporation may require
and 10 make and establish such bylaws
rules and regulations for the proper man
a-ement and control of the affairs of the
corporation as may be necessary and expe-
dent.
ARTICLE II.
The domicile Of said corporation shall be
in the city Of New Orleans, in this state. and
all citations and other legal process shall
he served on the president, in his absence
the yicc-president, and in the absence Of
both on the secretary and treasurer OF said
corporation.
ARTICLE III.
The purposes for which this corporation
IS established and the nature of the business
10 he carried on by IL are declared to be: 10
construct, work and maintain railroads cd
nalS, roads, bridges, ferries telegraph and
telephone lines and other works of improve
meht 10 construct own, lease, hire, pur-
chase ana operate SchOOnerS steamboats,
steamships. tow boats, bargeS and other
water crafts for the Transportation of
freight and passengers; to purchase. lease
and sell lands 10 engage in agriculture; To-
acquire, construct, own, lease and operate
pldninE mills, saw mills sash, door and
blind factories and turpeutine still and re
tOttS, etc; 10 construct and to contract To
construct buildings Of every kind and de
Scriptlun; to manufacture bricks tiles and
other earihenware; TO buy, sell and deal for
It's own account or on commission in logs
lumber and other buildin. materials and in
an sorts or merchandise, and generally to
do and perform any and every act and
thing pertaining to the business above emu
mcrated, connected Herewith or arising
iherefrom' in this state and elsewhere.
ARTICLE ".
The capital stock OF this corporation is
hereby fixed at the sum of twenty-five thou
sand $50, 100000 dollars, divided into and
i'pifNtultu ny lNu uuulItu ana UllN i-.lll
shares of the par value Of one hundred
,SlOU.OOb dollars each, which shall be paid
for in cash when subscribed for or in such
manner as the board Of directors shall dcs-
lgnate, or shall be issued for labor perform
ed services rendered or for the purchase OF
property as said board may elect. All shares
Of stock shall be full paid and non-asseSSa-
bic. Which capital stock may be increased
10 sum not exceeding one hundred thou
sand (SlOO,OOOOUD dollars, in which event
during the period between the call for the
meeting for such increase and the meeting
the persons holding stock at the time shall
have the right to take shares of the addi-
tlOnal or increased stock prOpUrtiOnate to
the number of shares owned by them. and
any shares not taken at the expiration Of
said period may be disposed Of by the board
of directors for the benefit of the corpora
tion at not elss than their par value. No
transfer Of stock shall be binding upon the
corporation unless recorded upon its books
ARTICLE V.
All the corporate powers OF this corpOr-
alton and the management and control Of
lis affairs shall be vested in and exercised by
board of directors composed OF three (3D
stockholders a majority of whom shall con
Stitute a quorum for the transaction OF all
business. The directors shall be elected an.
nually by ballot by the stockholders. on the
second Tuesday in January OF each year.
Each person shall be entitled in person or
by proxy TO a vote for every share owned
by him, and all elections shall be held under
such rules and regulations as may be deter
tors thus elected shall continue in office for
one year. or until their successors have been
duly elected and qualified. No failure to
elect shall be regarded as a forfeiture OF
this charter. Any vacancy occurring on
said board shall be filled by the remaining
directors for the uneXpired term. The board
of directors shall at its first meeting after
its election nominate out OF its number q
president. vice-president and a secretary
and treasurer; said board shall have the
right TO divide the office Of the secretary and
treasurer and may elect a secretary who
need not be a stakeholder but whose tenure
OF office shall be during the pleasure OF the
board. And said board shall have the right
to appoint and dismiss the clerks, managers
secretary and other employees Of the corpOr
alton, as the interests and business Of the
same may require. Any of the directors
shall have the right TO appoint by written
instrument another director as his proxy
to act in his stead at any and all meetings
Of the board OF directors
ARTICLE VI.
Until the election to be held on the second
Tuesday in January, 1914, the following
board of directors, viz: Walter W. Carre
D. Beach Carre and Tudor Il. Carre with
said Walter W. Carre as president, said D.
Beach Carre as vice-president and said Tudor
Il. Carre as secretary and treasurer.
ARTICLE VII.
No stOckholder shall ever be held liable
or responsible for the contracts, faults and
debts OF said corporation, nor shall any
the effect OF rendering this charter null nor
OF exposing a stockhOlder to any liability
beyond the unpaid balance due on the shares
owned by him.
ARTICLE VIII
This act Of Incorporation may be changed.
modified or altered, or this corporation may
be dissolved with the assent OF the stock
holders owning a majority OF the stock of
the corporation, at a general meeting con-
vened for that purpose and after at least
ten days written notice Of this meeting has
been given through mail addressed to each
shareholder at his last known place OF res
idence.
In case of dissolution by the expiration Of
this charter or otherwise, the stockholders
shall elect three liquidatOrs from anon:
their number. to liquidate and settle the bus
mess and affairs of the company. In case
OF death or disability of any one OF said
commissioners or liquidators the survivors
or the remaining lqiudators shall appoint
a successor TO him.
Thus done and passed in my office on the
day. month and year first above written, in
the presence OF John A. Todd and Henry
Keller. competent witnesses, who have signed
With the appearers and me. the notary, after
reading the whole.
Signed W. W. Carre, 50 shares; u. Beach
Carre, 30 shares Tudor B. Carre, so shares,
per W. W. Carre.
Witnesses: John A. Todd, Henry Keller
THOS. VI. BURNS, Notary Public
/. the undersigned recorder OF mortga ges
in and for the parish OF Orleans, state of
Louisiana, do hereby certify that the above