The herald. [volume] (New Orleans, La.) 1905-1953, 1914-02-19
CHARTER
OF GENERAL COOPERAGE AND IlMbEN
- TnNpANN

O"' p,l,sL - orleans, CITY OF New Orleans;
Be II known, that on this tenth Gay % ~
month Of January, IN the year OF ou' LIZ;
ore thousand. nine hundred and fourteen a'.t
y. -. - 4.re-derce Of the United states OF
A-urrica the one hundred and thlTtS -els!.,I4
before me Louis A. Hubert, notary pIoit[
duly commissioned and quailhed, IN a.u 10
The parish OF Orleans, state OF Lou!sta.,a'
therein residing, and IN the presence OF I.lS
witnesses hereinafter named and undeTsis nel'
personally came and appeared the seNelaI PeiI
sons whose names are hereunto suusSIiEfeu,
s,J Who seyerally declared that, avalhng
Themselves OF the rovIsiOns OF the laws anu
constitution of the state OF Louisiana, IA
such cases provided, they. Do oy, tnese ~,
.nts covenant and agree and bind themselves
as well as such other persons as may mere
after become associated with them 70 LC.!-I
and constitute a corporation and oooy p2illS
| in law, for the objects and purposes ~iu III
| der the name, terms ana aTNSies io''O"e'
Article The name of the corporation shall
/ be the General CoopeTage and lirnoer Co i
| Rany and under said name sha!l continue lOI
| The tenn Of ninety-nine years, from ana amer
| The date OF this act. 1t shall have power 70
| contract 20 sue and be sued 10 make and use
corporate seal, TO hold receive Ie@se' SUI.
| lease purchase, sell, convey or exchange prop
| erty real and personal and to mortgage the
| same; TO borrow and lend money; 10 appoint
| managers, officers, agents and employees
! It's interest may require; to estaohsh, aiter
| and amend all rules and regulations and oy-
| laws for the conduct and management OF IT'S
/ business as may be necessary and proper.
| Article 1.-THE domicile of this corporation
/ sbaiI b. IN the city Of New Orleans, state Of
i louisiana and ali citations or other legal
| process shall be served upon the president OF
the corporation, OF in his absence, upon inc
| secretary, al the domcie OF the company.
| Article III.-The objects and purposes OF
this corporation shall be the buying and sell
l ing OF slaves, heading and eooPeTage STOCKS,
and ali character of forest products; the man
ufacture Of slaves, heading and cooperage
stocks and timber products OF any kind; II
NAV engage in the mercantile business IN
connection with any of its operations. II may
construct tramways, operate sawnills; build
buy and own barges, steamboats, and otner wa
ter crafts for the purpose OF conducting ITS
said business, but not as common ca earr neL
ers and do all other acts and things neces,
sary to the proper conduct OF ITS business ana
enjoy all the rights and privileges incident
TO a corporation, not inconsistent Win the
law or these articles.
Article IV-The capital stock of this cor
marathon shall be one hundred thousand dol
!, lars CslOo,Ooo.0ol, divided into one thousand
OOO shares Of the par value OF one hundred
dollars $1,000 each. Any stakeholder may
sell, assign, or transfer his stock IN this cor
poratiUn, provided ten 0O) days prior notice
Of such intention TO SELL assign or transfer
| the same be given the company, through the
board of directors, which shall have the trst
privilege of purchasing same; after which ten
days notice, the said stock may be sold IN
may be transferred under the above condi-
tions, provided such transfers be made on the
books of said company, at its ONCE and on
surrender of the certificate therefor This cor
poration shall commence business so soon as
ten thousand dollars OF the capital stock shall
have been subscribed for; and the subscribers
hereto have placed opposite their names, the
number Of shares subscribed by each so as to
: constitute the original subscriptions made for
the purpose Of organizing this corporation.
Article V.-The corporate powers OF this
corporation are hereby vested in and exer-
: cised by a Board of three directors consisting
OF the president, vce-presIdent and seere-
tary, chosen from the stockholders Of the
corporation, as hereafter provided, and they
shall hold Office until their successors shall
have been elected Two-thirds in number of
said directors shall constitute a quorum for
the transaction of business.
/. The first election Of the board of directors,
consisting of the three directors aforesaid,
shall be held on the FIRST Monday in March,
1914, and the directors shall be elected on the
hrst Monday in March thereafter, annually.
| All elections shall be by ballot and conducted
under the supervision of two commissioners,
to be appointed by the board of directors, for
the purpose.
: Notice Of said election shall be given ten
days prior to the meeting Of the stockholders,
by mailing TO each stakeholder, to such adj
dress furnished by them TO the company or
by publication inserted in one Of the New
Orleans papers; three times in ien days, pre-
vious TO the election.
Vacancies occurring in said board, from
whatever cause, shall be filed by the remain
| ing directors.
The said board of directors shall make all
bylaws, rules and regulations for the govern
ment OF the business and affairs Of the COM
pany and alter. amend and change the same
at pleasure. During the absence Of the presi-
dent the vice president shall act and pre-
side.
Article VI.-This act of Incorporation nav
be altered and amended by a vote of three
fourths in amount of the capital stock sub
scribed, or said corporation may be dissolved
by vote OF three-fourths in amount OF stock
subscribed, at a general meeting Of the stock
holders convened for the purpose, after ten
days previous notice of such meeting shall
have been published in one OF the daily pa
pcrs of this city, or a copy of said notice
mailed to each stakeholder at his last known
Article VII.-Whenever this corporation
shall be dissolved by expiration of its char.
ter, or sooner by vote of the stockholders,
two liquidators shall be elected by the stock
holders at a meeting OF the stockholders held
after ten days notice as above provided
These liquidators shall continue in office until
the full liquidation of the corporation and in
case of death of either of them, the stock
holders may elect a successor, or the power
of both liquidators shall be vested in the sur.
| viving liquidator.
Article WILING stakeholder of thi. cor.
poration shall ever be held liable or respon.
sibie for the contracts or faults of the cor.
Porstion in any further sum than the unpaid
| balance due to the corporation the shares
| owned by him, nor shall any mere informal
| ity in organization have the effect of render.
| ing the charter null Or of exposing q stock
| holder to any liability beyond the unpaid
balance due on his stock.
! Article IX.-Until the first election TO be
held on the first Monday Of March, 1914. the
| following shall constitute the first board OF
| directors and officers, to-wit: Harold B. Car.
ter, president: Albert J. Carter. Jr, vice
| president; Charles A. McQuay, secretary, who
| shall also be treasurer
| Thus done and passed in my Office, at the
| city OF New Orleans, La, on the day, month
| and year first above written, in the presence
Of Messrs. J. Marshall Quintero and Donelson
CaHery, competent witnesses, who hereunto
signed their names with the said appearers
and me, notary, after reading the foregoing
Original signed: Fl. B. Carter. g shares ;
Albert Carter, Jr., one share; Chas. A Nc
quay, one share J. N. Quintero, Donelson
L A HUBERT, Notary Public.
L, the undersigned recorder of mortgages in
and for the parish Of Orleans state OF Lou.
lsiana, do hereby certify that the above and
foregoing act Of Incorporation of the General
Cooperage & Timber Co. was this day dulv
recorded in my Office, in book ill9. folio <o5.
New Orleans, January T. 1914.
!Signe0 EMILE ]. LEONARD, d. r.
L A HUBERT. Notary Public.