The herald., 1914-09-17

OF MOORE KOIANI NIUNP TITIEN
COMPANY, INC.

seq, II - u,t : Is -
! OF MOORE kplAhl STUMP CUTTER
COMPANY, INC.
State oi Louisiana, Parish ot O'ican-. City
Be j, known ;hat on this. the Ish Gay ,f
the month ut -tu.u,r. 90 the year ID gIs L.lI
O'c thousand uiuc hundred AND taErt,.u-
before me, Nm !. F"rmrulp. notary ra1..
Iu and Tor the parish OF Orleans, STATE n.
Louis lana, duly commissioned ami qEAIl.,a
and 30 tie presence Of the NGtuy-srr herein.
after named and undersigned, personally y
came and appeared the several persons who's.
names are EcTcguJo subscribed. NAp scycral.y
declared that, aEdluug themselves uI the
laws ui the state oI Louisiana. they have con-
traDtcd and agreed. and do by these presents
contract, covenant and agree and bind them
selves, as well as all Suyu persons u4ay
hereafter become associated with them 90
! form and constitute CORPORATION tuC iac
| objects and purposes and under the articles
and -upuIa,Ious following Jy-SIt:
/ Article The name oi sand cooperation
/ shall be Moore Rotary Stump Cu;tcr Com
. pauy, Inc, and under ITS said C0rpJrase uaur
1t shall have power ard authority 20 have and
I ENJOY succession for Tie tuli term and period
/ OF ninety years trGn aud after The dtlC
. hereof; 70 contract, sue and be sued; 90 make
/ and use ! corporate seal, and the same q.
/ break or alter at pleasure, to receive lease
! purchase, hold and convey, as well mort
! gage and hypOthcCaie, property, real, per
! SOual and mixed, Cp-pOTcal and lGJUTpHTcaI. .
1 TO name and appoint such managers, agents
| directors and officers It's business and IN
| tercsts and convenience may require, and
/ to make and establish, as well as alter aud
amend from time TO time, such bylaws, Tu.rN
/ and regulations Tor the proper conduct man
| agemcnt and regulation Ut the affairs Of sald
| corporation as may be necessary and proper
| Article 1.-The d0mICilc Of saId corpora
| ton shall he in the city OF New Orleans IN
| the state OF Louisiana, and all citations or
| other legal process shall be served upon the
! president OF Sald corporation, or, III the event
! II Ur
/ acting president thereof, and IN the absence
OF both Of SAID officers, upon the secretary OF
| said corporation.
| Article III-The objects ard purposes for
| which tins corporation IS est s'Ishcd and the
| nature OF the business to be carried by
It are declared and specified to be TO acquire
! the patent rights Of Ambrose Larkin Moore
/ and George Daniel Moore for their improved
/ stump cutting machine under the letters pat
| ent granted to them on july 2lst, 1914, bear
/ ing No. l,lu4,535; to manufacture, use, lease
, and sell the stump cutting machines protected
by said letters patent, TO own and operate a
plant tor the manufacture OF said machines; /;
! to manufacture tar, resin, turpentlne, wood
! pulp, or any OF the by-produCts from pine, and
/ to that end to own and operate the necessary
/ plant and equipment therefor; TO establish
/ and operate stores for the disposal OF such
| products; to engage IN general merChaudiz-
ing business; to make contracts for the clear
! ing OF lands; to acquire lands or other prop
/ eTiy by purchase or otherwise and TO hold
lease or sell the same; and in the furtEeranCc
OF the above objects and purposes TO puT-
! chase, acquire, hold, own and dispose Of
stocks, bonds and other evidences OF Indebt-
cdncss in other companies OF the character
| hcreIuabOve described, and III respect 10 any
! and all such stocks to possess and exercise
/ all the powers Of individual owners thereof
| teNCcPt the business OF stock JobbIng which
| Is hereby expressly excluded, and generally
to hold and exercise all such incidental pow
erS and privileges relate to the objects
hcreinbcfore set forth, or that may be here
after conferred by law u. On this corporation
tnr 4f,-s4rt tnf ell~ oh. l~fg
! The consideration for which said patent
rights are to be acquired is hereby declared
to be the sum OF fifteen thousand one hundred
I dollars, represented by two hundred and two
shares of the common stock and one hundred
shares OF the preferred stock OF this corpora
tion of the par value of htty dollars each.
| Article IN.-The capital stock Of said
poration Is hereby fixed at forty thousand
dollars. divided into represented by eight
hundred shares OF the par value OF nifty dol
lars each Said stock shall consist OF two
different classes OF issue; one thereof TO be
known as the preferred stock and the other
| as common stock.
The amount OF said preferred stock is fixed
| at the sum Of twenty thousand dollars di-
vided into or represented by four hundred
| shares of the par value OF fifty dollars each
The preferred stock shall be entitled III pref
Ference and priority over the common stock
OF the corporation to dividends IN each and
every year at the rate of seven per cent per
annum payable out OF the net profits for such
year, said dividends shall be cumulative,
tied to any other or further share of the prof
! its. No dividends shall be declared paid
on the common stock IN any year until the
full seven per cent is earned, declared and
| appropriated for the preferred stock for such
year.
All payments of dividends upon such pre-
ferred stock shall be without deductions for
any tax taxes which by any present laws
or future laws of the United States or OF the
state Of Louisiana, may be payable for or in
respect TO said dividends for national, state
or municipal purposes; the said corporation
hereby agreeing to pay any such tax or taxes
| which it may now or hereafter be required by
any such law to retain theretrom
In the event Of any liquidation or disso-
luton or winding up, whether voluntary or
| involuntary, Of the corporation, the holders
of the preferred stock shall be paid in full
the par value Of their shares, and after pay.
ment to the holders of he preferred stock OF
its par value and of such dividends as may
not have been previously paid as herelnabOve
provided, the remaining assets and funds shall
be divided and paid to the holders OF the
common stock, according to their respective
| shares.
The preferred stock shall not be entitled to
vote, and may be retired after five years from
the date of Incorporation by the board OF dI-
| rectors at par value payable to the holders
thereof out of the net profits or earned sur
plus.
hereby fixed at the Of twenty thousand
dollars. divided into or represented by four
hundred shares of the par value Of fifty dol
lars each. and shall be entitled to dividends
and to share in the assets and funds of the
corporation only in the manner hereinabove
provided, and said stock shall have the sole
voting power in said corporation.
The whole of said preferred and common
stock, or any part thereof, may be issued and
delivered for cash, in installments OF such
amounts, and at such times the board oi
directors may determine; and such stock may
also be issued in payment and settlement OF
the purchase price OF the patent rights here
inbefore described, also in payment, settle
ment and adjustment of the costs, fees