The herald., 1914-02-05
CHARTER
OF GENERAL COOPERAGE AND TIMBE
COMPANY.


month OF January, in the year OF our Lore;
one thousand. nine hundred and fourteen ahG
Of the independence OF the Onttu SIdteS %
America the one hundred ana thlrty
before me Louis A. Hubert, a notary pubic
duly commits stoned and qualified, IN ma iot
the parish of Orleans, state OF LOUISIANA
therein residing, and IN the presence OF w
witnesses hereinafter named ana undefsisHeu'
personally came and appeared the several per
Snps whose names are hereuntO subscribed,
and who severally declared that aValling
themselves OF the provisions OF the laws anu
constitution of the state OF Louisiana, 4"
such cases provided, they do, by these pres
euts, covenant and agree and bind themselves
as well as such other persons as may mere
after become associated with them 10 FORM
and constitute a corporation ana oouy pOiilS
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 Cooperage and TIMBER Iotn
Hany and under said name shall continue LOT
The term of ninety-nine years, from and after
the date of this act 1t shall have power 10
contract to sue and be sued, TO make ana use
a corporate seal, to hold, receive, lease, SUD
lease purchase, SELL convey or exchange prop
erty, real and personal and to mortgage the
same; TO borrow and lend money; to appoint
managers officers, agents and employees as
it's interest may require; to esta0isn, aitet
and amend all rules and regulations and Dy-
laws for the conduct and management OF ITS
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 legai
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
~ anu nd
NAV engage in the mercantile business IN
connection with any of its operations; 1t may
construct tramways, operate sawmills, Duild'
buy and own barges, steamboats, and other wa
ter crafts for the purpose Of conducting Its
said business, but not as common Garner
act as agents and forwarding agents TOR 9TH
ers and do all other acts and things neces,
sary to the proper conduct OF its business and
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 (SlO0,OOO.00), divided into one thousand
1000 shares of the par value OF one hundred
dollars CSl00.00) each. Any stakeholder may
sell, assign, or transfer his stock in this cor
poratiCn, provided ten Q0 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 FIRST
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 othce and on
surrender of the certihcate therefor. his 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, vice-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 stockholder, 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-
yious 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 NI.-Ths act of incorporation may
be altered and amended by vote OF three.
Ffrfh IN p-TaN - he al
scribed, or said corporation may be dissolved
by vote of three -fourths in amount of stock
subscribed, at 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.
pers of this city, or 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 hquidators 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 ir
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 VIII-No stakeholder of this cor.
poration shall ever be held liable or respon.
sible for the contracts or faults of the cor.
POtatOn IN Iurtner sum than the unpaid
balance due to the corporation on 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 a stock.
holder to any liability beyond the unpaid
balance due on his stock.
Article lN.-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 appearcrs
and me, notary, after reading the foregoing.
Original signed: H. B. Carter, % shares:
Albert Carter, Jr, one share Chas. A, Nc,
quay, one share. ]. NJ. Quintero, Donelson
Gallery.
l.. A. HUBERT, Notary Public.
l, the undersigned recorder of mortgages in
and for the parish of Orleans, state OF Lou
isIana, do hereby certify that the above and
foregoing act OF Incorporation of the General
OoopeTage & Timber Co. was this day duly
recorded in my Office, in book lllo, folio 400
New Orleans, January u. 1914
.Signed) EMILE J. LEONARD, D. R.
A true copy.
L, A. HUBERT, Notary Public
an % % feh 10