The herald., 1913-04-10

ScflptlOn, 10 manufacture bricks, tiles and
other carthenware; To buy, sell and deal for
its own account or on commission in logs,
lumber and other building materials and in
all sorts Of merchandise. and generally to
do and perform any and every act and
thing pertaining TO the business above emu
merated, connected Herewith or arising
therefrom, in this state and elsewhere.
ARTICLE ".
The capital stock Of this corporation is
hereby fixed at the sum of twenty five thou
sand $50, 900. 00) dollars, divided into and
represented by two hundred and fifty l2jOi
shares of the par value of one hundred
jSlOO.0OI dollars each, which shall be paid
for in cash when subscribed for or in such
manner as the board Of directors shall deS-
ignate or shall be issued for labor perform
ed, services rendered or for the purchase of
property as said board NAV elect All shares
Of stock shall be full paid and non-assessa-
bic. Which capital stock may b. increased
TO sum not exceeding one hundred thou
sand tSlOO,OOO.OO) 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-
tiOnal or increased stock prOportionate 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
ton 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
its affairs shall be vested in and exercised by
board of directors composed of three 60
stockholders. 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
h. oil oil el,a 10, h.,ll
such rules and regulations as may be deter
mined by the board of directors. The direc-
tors thus elected shall continue in office for
one year, or until their successors have been
duly elected and qualified. No failure 10
elect shall be regarded as a forfeiture of
this charter. Any vacancy occurring on
said board shall be filed 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 a
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, mana gers
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
named persons shall constitute the first
board of directors, viz: Walter W. Care,
d. Beach Care and Tudor b. Carrie, with
Beach Carrie as vice-president and said Tudor
Is. Care as secretary and treasurer.
ARTICLE VII.
No stakeholder shall ever be held liable
| ..sI~ e. ~
debts of said corporation, nor shall any
mere informaity in its organization have
the effect of rendering this charter null nor
of exposing a stakeholder 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 among
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
| 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 sthe appearers and me, the notary, after
| reading the whole.
| Signed: ~. W. Care, so shares II. Beacf
Care, so shares Tudor B. Care, so shares
per W. W. Care.
witnesses: John A. Todd, Henry Keller
| THOS. NJ. BURNS, Notary Public
| I, the undersigned recorder of mortgage:
in and for the parish of Orleans, state o.
Louisiana, do hereby certify that the aboy'
and foregoing act of Incorporation of tn
"Lacombe Lumber Company" was this da,
duly recorded In my office In book loss
i folio -.
| EMILE LEONARD, by. r.
Covington, La, this 26th day Of March
| A. d., 1913.
| A true copy.
| THOS. NJ. BURNS, Notary Public
apr 10 IL "a may 8, 1913