The herald., 1914-02-26
CHARTER
CHARTER
oE GENERAL, COOPERAGE AND TIMBER
COMPANY.


Re II known that on thus tenth day OF ny
month Of January, in the year OF our LoIu;
one thousand, nine hundred ana fourteen az
OF the independence OF the OnilSu S'd:CI,G
America. The one hundred and thirty-eighth'
before me. Louis A Hubert. notary pGOliC
duly commissioned and quallhed, IN ana l.'
the parish of Orleans, state OF LouisiAma
therein residing and IN the presen S- %
witnesses hereinafter named and undetsisneu'
personally came and appeared the seVeral PEI
sons whose names are heTeunto suDseLt -
and who severally declared that' a'd'lIlS
themselves OF the provisions OF inc laws aiI
.nDs,;I,tion Of the state of Louisiana, IN
such cases provided they do, by theSe pres
euts, covenant and agree and bind then's S
as well as such other persons as may E E.-
after become associated with tnern', 10 t.:'
and constitute = corporation and body poliuS
| in law, for the objects and purposes 1ha ul'
der the name, terms and aEuCIes ioHo""e'
| to-wIt: -..;, sL.Il
| n. the General Cooperage and Timber Ion-
| Hany, and under said name shall continue .oi
the term Of ninety-nine years. from anu ai'. Z.
| thu date of this act. Ii shall have power 10
| contract to sue and be sued, 10 make ana use
| corporate seal TO hold receive, lease SUI
| lease purchase, sell, convey or exchange prop.
| crty, real and personal and 10 mortgage ".
| same: 10 borrow and lend money; 10 appoint
| managers officers, agents and employees As
! lis interest may require; 10 establish aitet
| and amend all rules and regulations and by
laws for the conduct and m.n.ssm men,. u 10
i business as may be necessary and proper.
| Article 1.-THE dOmicile OF thus corporauoIi
j shall be in the city Of New Orleans; state OF
i louisiana and all citations or other legst
| process shall be served upon the president OF
Inc corporation, or in his absence, upon the
| secretary, at the domcie of the company ?
| Article III.-The objects and purposes OF
this corporation shall be the buying and sen
i ing of slaves, heading and coopeTage STOCKS
i lumber ties timber, timber lands and any
i and ali character of forest products; the man
ufacture of slaves, heading and c9oPerage
stocks and timber products OF any klno' =: =.
NAV engage in the mercantile business IN
1 connection with any of its operations; IL may
construct tramways, operate sa"mills, oulIu'
buy and own barges, steamboats, and otner wa
| ter crafts for the purpose OF conducting IT'S
l said business but not as a common carrier
Il act as agents and forwarding agents tor oth-
ers and do all other acts and things neces,
sary to the proper conduct OF us business s,r1
to corporation, not inconsistent win inc
law or these articles.
Article IV.-The capital stock OF this cor
poration shall be one hundred thousand dol,
lars CslOOOOO.OW, divided into one thousand
Il ,OOeC shares of the par value of one hundred
dollars $4,000 each. Any stakeholder may
sell, assign, or transfer his stock IN TINS cor
poratiLn 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 hrst
privilege of purchasing same; after which ten
days notice, the said stock may be sold in
open market The stock of the corporation
n NAV be transferred under the above condi-
tions, provided such transfers be made on the
books of said company, at its office and on
u surrender Of the certificate therefor. This cor
poraton 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.
corporation are hereby vested in and exer.
i cised by Board of three directors consisting
of the president, vIce-presdent and secre-
tary, chosen from the stockholders OF the
corporation, as hereafter provided, and they
shall hold ofice 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
Notice of said election shall be given ten
days prior to the meeting of the stockholders,
by mailing 10 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-
| 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.-Ths 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 a vote of three-fourths in amount of stock
subscribed, at q 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 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
after ten days notice as above provided
| These liquidstors 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 VIII.-No stakeholder of this cor.
poration shall ever be held liable or respon.
sible for the contracts or faults of the cor.
poration in any further sum than the unpaid
balance due to the corporation en- 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 lX.-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 ]. Carter, Jr., vice.
president; Charles A. McQusy, 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 Quiutero and Donelson
| Csfery, competent witnesses, who hereunto
| signed their names with the said appcarcrs
and me, notary. after reading the foregoing.
Original signed: H. B. Carter, 9S shares
albert Carter, Jr., one share; Chas. A. Nc
quay. one share. J. 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
Cooperage & Timber Co. was this day duly
recorded in nv Office, in book lilo. folio 400
New Orleans, January u 1914
lSisne6 EMILE J. LEONARD, d. R.
"A HUBERT, Notary Public
jan p 9 feb 5 II 10 %