The herald., 1914-02-12
CHARTER
CHARTER
OLE GENERAL COOPERAGE AND TIME


parish of Orleans, City of New Orleans.
Be II known, that on this tenth day OF the
month OF January, IN the year OF our LoLui
one thousand nine hundred and fourteen ana
Of the Independence OF the United States OF
America the one hundred and thIrty-eighth,
before me, Louis a. Hubert, a notary public
duly commissioned and qualified, IN and fof
the parish OF Orleans, state OF LOUISIANA
therein residing, and IN the presence OF inc
witnesses hereinafter named and undersigned
personally came and appeared the several per
sons whose names are hereuntO suOsCriOeu
and who severally declared that, awaiting
themselves OF the provisions OF the laws ana
constitution of the state of louisiana, IN
such cases provided they do, by these pres
ents covenant and agree and bind themselves
as well such other persons as may mere
after become associated with them, to form
and constitute a corporation and body politc
in law, for the objects and purposes and un
der the name, terms and articles following
to-wit: -,
Article 1.-The name of the corporation shall
be the General CoopeTage and Timber Com
sany and under said name shall continue Tor
the term of ninety nine years, from ana alter
the date of this act. Ii shall have power TO
contract, to sue and be sued, to make and use
a corporate seal, to hold, receive, lease, sub
lease, purchase, sell, convey or exchange prop
erty. real and personal and to mortgage tne
same; to borrow and lend money; TO appoint
managers, officers, agents and employees as
its interest may require; to establish after
and amend all rules and regulations and by
business as may be necessary and proper.
Article 1.-THE domicile of this corporation
shall be in the city of New Orleans, state OF
Louisiana, and all citations or other legal
process shall be served upon the president OF
the corporation, or in his absence, upon the
secretary, at the domicile OF the company.
Article III.-The objects and purposes OF
this corporation shall be the buying and sell
ing of slaves, heading and cooperage stocks,
lumber, ties, timber, timber lands and any
and all 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. IL may
construct tramways, operate sawmills, build,
buy and own barges, steamboats, and other wa
ter crafts for the purpose OF conducting ITS
said business, but not as a common carrier
act as agents and forwarding agents for 9TH
ers and do all other acts and things neces-
sary TO the proper conduct OF MS business ana
enjoy all the rights and privileges incident
to a corporation, not inconsistent with the
law or these articles.
Article IV.-The capital stock of this cor
poration shall be one hundred thousand dol
lars ($lOO,OOO.OO), divided into one thousand
U,0O0) shares of the par value OF one hundred
dollars $4,000 each. Any stakeholder may
sell, assign, transfer his stock in this cor
poratiCn, provided ten Q0) days prior notice
of such intention to sell, assign transfer
the same, be given the company, through the
board of directors, which shall have the hrst
privilege OF purchasing same; after which ten
open market. The stock of the corporation
may be transferred under the above condi-
tions, provided such transfers be made on the
books of said company, at its Office 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 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, yice-president and secre-
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
first 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 ad.
dress furnished by them to the company, or
by a publication inserted in one of the New
Orleans papers, three times in ten days, pre-
vious to the election.
Vacancies occurring in said board, from
whatever cause, shall be filled 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
t1U.W H. r IL. i
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
have been published in one of the daily pa
pers OF this city, or a copy of said notice
mailed to each stakeholder at his last known
place OF residence.
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 meeting of the stockholders held |
alter 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. |
nelders may eject a successor, or the power |
OF both liquidators shall be vested in the sur. |
viying hquidator
Article WILING stakeholder of this cor. |
poration shall ever be held liable or respou. |
Slbie for the contracts or faults of the cor |
porauon IN any further sum than the unpaid |
balance due to the corporation on the shares |
owned by him, nor shall any mere informal /
ty IN organization have the effect of render. |
ing the charter null or of exposing a stock. |
holder TO any liability beyond the unpaid /
balance due on his stock
Article 1N-Until the first election 10 he
leld on the first Monday of March, 1914, the
ollowing shall constitute the first board of |
directors and officers, to-wit: Harold b. Car.
er president: Albert J. Carter, Jr, vice.
PRESIDENT; Charles A. MeQuay, secretary, who
hall also be treasurer
Thus done and passed, in my Office, at the
ATTY OF New Orleans, La, on the day, month
nd year FIRST above written in the presence
I Messrs. J. Marshall Quintero and Donelson
.afeTy, competent witnesses, who hereuuto
igned their names with the said appearers |
nd me. notary, after reading the FOREGOING.
Original signed: n. b. Carter, oS shares:
tloert Carter Jr., one share; Chas. A. Nc.
luay, one share. J. NJ. Quintero, Doneison
l. A. HUBERT, Notary Public
1; the undersigned recorder of mortgages in
nd for the parish Of Orleans, state OF Lou
iana, do hereby certify that the above and
'regoing act of Incorporation Of the General
ooperage x Timber Co. was this day duly
corded in my Office, in book lll9. folio 400 {
ew Orleans, January r. 1914
iSigned) EMILE J. LEONARD, D. R. 4
T. A. HUBERT, Notary Public $
n p g feb S u 10 Is uO'e' {