The herald., 1913-08-14
CHARTER
IF "ACADIAN FURNITURE COMPANY.

OF the month OF July, in the year OF our
Lord, one thousand nine hundred ana thlr-
teen (l9l3), before me, Charles Theodore
StarKey a notary public duly commissioned
and qualified, in and for this city and the
parish of Orleans, therein residing, ana IN
the presence OF the witnesses hereinafter
named and undersigned, personally came and
appeared the parties whose names are mere
unto subscribed, all of full age, who de
clared that availing themselves OF the pro
visions OF the laws Of this state relative to
corporations, they have covenanted ana
| agreed, and by these presents covenant ana
| agree, and bind themselves, as well as such
other persons as may hereafter become asso-
| ,iated with them, to form and constitute
| corporation and body polite in law, Tor
| the purposes and objects and under the
| stipuations, articles and conditions follow
Article THE name and title OF said
corporation shall be "Acadian Furniture
| Company" and its dOmicile is hereby estab.
lished in the city of New Orleans, state OF
| Louisiana and under its said corporate
| name, said corporation shall have power ana
authority to contract, sue and be sued; 10
make and Use a corporate SEAL and the same
! 20 break and alter at pleasure; TO hoId, re-
\ ceive. have. purchase, improve, Alternate;
| convey, SELL borrow, pledge, mortgage ana
IhypOthecate, under its said corporate name,
| pr6pcrty real personal and mixed; TO name
and appoint such officers, directors, agents
and managers or employees as the interest or
convenience Of said corporation may require
| 10 make and establish bylaws, rules and
| regulations for the proper management ana
! regulation of its affairs as may be deemed
necessary and proper; and the same 10
| other acts and things permitted by law, or
as shall or may be necessary and proper -
carry out the objects and purposes Of said
| corporation.
| Said corporation, unless sooner dissolved
| in accordance with its charter, shall exist
and continue for the period or nlnety-nlne
! wears from and after the date hereof
The president, or in his absence, the vice
| president, shall be the proper person upon
! whom citation or other legal process sha!l
! De- served.
Article 1.-THE objects and purposes for
| which this corporation Is organized, anu
! the nature Of the business TO be carried on
by II, are declared to be the following, to-
wit:
To conduct general manufacturing and
| dealing business in lumber and lumber pro
ducts and TO this end it shall have the
! right TO operate saw mills ana factories lot
| the manufacture of furniture, office nIturc>
sash. door and blinds, or other lumber pro-
! ducts or any other product incident thereto ;
TO maintain stores and agencies for the sale
Of their goods and in the carrying ont 81
buy and hold property, 10 acquire timber
lands by purchase or lease, 10 operate boa'S
vessels. railroads or tramways Tor the trans
| pOration Of its products, and TO perform
any and all matters in the carrying out The
objects of its business.
Article III-The capital stock Of this
corporation shall be one hundred thousand
! =.
scented 10y eight hundred and fifty $500
shares of preferred stock OF the sum of on"
| hundred tSlUOj dollars per share and one
hundred and fifty $50 shares of common
stock of the sum of one hundred $1,000 dol
lars per share. The preferred stock or Ems
company shall be entitled TO dividends al
the rate of eight per centum per annum,
prior TO the payment OF any dividends upon
the common stock, and such dividends upon
| the preferred stock shall be cumulative. The
common stock Is not TO receive dividends Tor
F.rH, a.vnTTF hl iFAF
paiu lOr that year on the existing outstald-
ing amount OF preferred capital stock; bur
when Gig. per ccntum be paid for any yea
on the whole combined common and pre-
ferred capital stock, further dividends for
that year are to be paid on both preferred
and common stock without distinction.
The preferred and common stock SHAH De
paid for in cash at the time OF subscription,
or the same may be issued at not less than
par, In payment or exchange for property or
rights actually received or purchased by sara
corporation, or the same may ee ISSUED, LltI
paid for money advanced, and for such other
valuable considerations or services as the
board Of directors Of said corporation may
determine provided, that no stock shall De
issued until the consideration therefor has
been received by the said corporation.
ANY stakeholder may SELL assign or trans,
fer his stock in this corporation provided
thirty 800 days prior notice OF such inten-
lion to SELL assign or transfer the same be
given the company, and the other stOckhold.
crs thereof shall have the first privilege OF
|
notice the said stock may be sold in open
market.
The stock OF said corporation may be
transferred under the above conditions; pro
yided. such transfer thereof be made on the
books of said company, at Its othce ana on
surrender OF the certificate therefor No
transfer of any fractional part OF snare
snail be made. ~,
business as soon as three thousand tS3OOOl
dollars of the capital stock shall have been
subscribed for.
to determine how much stock shall be ~
sued.
Article IV.-The corporate powers OF this
company shall be vested in and exercised by
| "a members, consisting Of the president
vice-president, secretary and treasurer
Three of said board shall constitute quo
rum for the transaction of business, and
their decisions shall be valid corporate acts
The following persons shall constitute the
first board of directors Conrad Il. Fischer
James r. Westerfeld, Frederick Fischer anC
Albert J. Derhes.
The omces Of secretary and treasurer may
be held by one or more persons, who neeC
not be stockholders.
vice-president shall act and preside.
Said board shall continue In ONCE unti
the second Monday in July, 1918, on whlcL
date and thereafter annually board OF
directors shall be elected, unless the same
should be a holiday, when the election shall
, be held on the next legal day thereafter:
Notice OF such election shall be glyer
only to common stockholders by at least ter
I0) days continuous publication immedi
ately preceding each election in one or thu
daily English newspapers Of this city anC
the board Of directors shall appoint one Of
, more common stockholders to preside a
such election as commissioners. In TIT
event of the failure of any commissioner o.
/ commissioners to attend. the president shall
by appointment, I'll the vacancy. Any ran
ure from any cause whatever to elect direc
= tors the day named for that purpose shall
not dissolve the corporation; but the direc
tors then in office, as well as the ohcer
) Of said company shall hold over until thel
successors are chosen.
In such event the president shall caus
2 another election to be held within thirt,
days, and shall give notice thereof as here
, nbefore provided.
At every election or meeting each common
I stakeholder shall be entitled TO vote 70
, each share OF stock registered In his name
and may vote by proxy. Preferred stocl
shall have no voting power and only com
mon stock shall have the power OF votini
; TO elect directors, or the power OF voting
{ on any other election, or for any purpose
| The election of directors shall be by bal
, lot and the majority In amount Of vote
l cast. each share of stock voted upon to b
D counted for one vote, shall elect the person
, or persons for whom they have been cast
After each election the board OF director
I shall elect from their own number the ON
GERS OF said company.
Article V-The board OF directors shal
] have the full power to I'LL vacancies In thel
number, caused by death, resignation
! otherwise, from among the stockholders
the corporation.