The herald., 1915-04-08

and obtain, collect and furnish a uniform sys
| TEN OF retail lumber accounting; to obtain
collect, tabulate, verify and furnish fact
and information as TO the actual costs of pro
duclng, manufacturing, handling, shipping
| selling and placing lumber on the market fo
| sale; and to furnish information and facts fol
! the practicable and economical methods to b,
| adopted therefor; to obtain, collect, tabulate
] publish and furnish the wholesale price o.
| lumber from actual purchases and the aetna
! retail value of same; to establish, operat,
and maintain a freight rate bureau for III,
| purpose OF securing proper, equitable fair anC
! equal freight rates and for the purpose OF
| adjusting any and all differences between tn,
| shipper and carrier, ConsignOr or consignee
the purchaser and seller Of lumber; to obtain
! collect and tabulate information and facts
! about and regarding the various branches OF
| insurance, efecung or appertaining to the
| retail lumber business; to arrange for aut
secure tair, equitable and proper fire rates for
| insurance eteCtlug and appertdining TO The
! retail lumber business; to obtain, collect and
| tabulate and furnish information relative I,
| tax privileges state laws and city ordinances
! and 10 obtain and secure fair, equitable and
! Just tax regulations and privileges for the
! lumber business; to obtain, collect and tab.
uldte information regarding uniform terms
! grades Of lumber and the Standardization OF
the sizes thereof; TO establish, operate and
maintain a bureau for the purpose of arbi.
| trating and adjusting differences between
wholesalers, retailers, manufacturers or con.
sumerS OF lumber; to publish, furnish and sell
J such facts, information and data SO obtained
collected, tabulated and verified to such per.
! sons, companies, or corporations as may sub.
| scribe Tor the same, and generally to do all
things incidental to and necessary to carry
out the objects and purposes for which this
corporation Is organized
Article IN-This corporation may sue and
he sued IN its corporate name; hold have
receive, purchase, convey, SELL mortgage,
hypothecate, pledge, lease and suitcase and
ENJOY real, personal and mixed property; also
borrow and lend money and make CON
tracts, receive grants of land or ner
sonal property and make and use a cor
pOrate seal, the same to alter and break
at pleasure; name and appoint such managers,
directors, officers, clerks and agents. as the
interest and convenience of said corporation
may require; make and establish such by
laws, rules and regulations for the proper
management and regulation of the affairs of
SAID corporation as may be necessary and
the same to alter and change at pleasure; and
snail possess all the rights, powers and privi-
leges to which corporations are or NAV be bv
any general law or laws of this State autho-
rlzed and entitled TO possess. Said corpora
ton may exercise its corporate powers within
any other state or territory in the United
States or foreign country that shall permit
the same.
Article .N.-The capital stock of this cor
poratIon is hereby fixed at the sum of five
thousand and 0O-l00 (S5,OOOOO) dollars, repre-
scented by hve hundred $500 shares of ten and
scribed for shall be payable in cash at the
time the certificates thereof are issued or the
same may be issued at not less than par for
property actually received by said corporation
he SAID corporation shall commence business
when twenty-five hundred dollars worth of
stock shall have been subscribed for and paid
All transfers OF stock shall be made on the
books OF said corporation by surrender of the
certlhcate thereof to the presiding officer who
shall write the word Cancelled" promptly
across the face thereof and erase the presi-
dents signature therefrom before issuing a
new certificate. The Board of Directors, here
IN provided for, shall have the right to issue
new stock IN place of cancelled stock
Said capital stock may be increased in the
manner provided for by the laws of this state
whenever an increase of said capital stock
shall have been authorized, fifteen days writ
ten notice shall be given to each stakeholder
within which time persons holding stock in
this corporation shall have the right to sub
scribe TOR said increase of stock in propor.
ton to the number of shares of stock held by
them, and which additional shares shall be
paid for at such times and in such manner
as the Board of Directors may direct
After the expiration of the said time for
subscription and payment the Board of Direc-
tors may dispose of the shares not taken, for
the benefit of the company in such manner
as they may think proper at not less than par
value.
Article VI-At all elections by or meetings
of the stockholders each share of stock shall be
entitled TO one vote TO be cast eitner by the
person in whose name the stock appears on
the books of this corporation at the time OF
the voting by his agent or proxy duly
authorized in writing to that effect.
Article VII-The business and affairs and
corporate powers of this corporation shall be
transacted by board of not more than seven
directors nor less than four directors to be
composed of stockholders thereof and they
and each of them shall be elected at meet
ing to be held for that purpose. The stock
holders however.
directors at any annual meeting and the stock
holders may prior to the next annual meeting
elect additional directors up to the maximum
number herein provided for, to-wit: Seven d.
rectors, but, the directors cannot increase their
own number though they may fill vacancies
as hereinafter provided:
John c. Cremer, Casa Grande Apartments,
New Orleans, La; George r. Larrieu, All
Royal street, New Orleans, La; Richard F.
Mestayer, 1928 Dumaine street, New Orleans,
La, and George E. Ferchaud, 1923 Ursuline
avenue, New Orleans, La, shall constitute
the first Board of Directors and shall hold
Office until the second Tuesday in February,
1916, or until their successors are elected and
qualified, each subsequent board shall take
their seats Immediately following their cleo
ton, or as soon thereafter as practicable and
shall hold their Office until their successors
shall have been elected and qualified. The
directors hereinabove named shall select their
own officers.
The officers elected and designated to serve
until the second Tuesday in February, 1916
or until their successors shall be elected are
as follows, to-wit:
John c. Cremer, PRESIDENT; George r. Lar
rieu, vice president and X. F. Mestayer, sec
rotary, and George f. Ferchaud, treasurer.
On the second Tuesday in February, 1916
and annually thereafter an election for di-
rectors, by the stockholders shall be held at
the Office of the corporation, after fifteen Q5)
days notice thereof shall have been given in
persons or by depositing the same in the post
office, properly addressed to the last known
address of the stakeholder of said meeting
Every Board of Directors shall at its first
meeting after its election, or as soon there
after as practicable elect from their own num-
Der president, and first vce-president.
The said Board of Directors shall also elect
a secretary and treasurer, who may combine
the said two Offices in one person. A failure
to elect directors on the date above speci-
fed shall not dissolve the corporation, but the
then existing Board of Directors shall con-
tinue in Office and another election shall be
held as soon thereafter as practicable at a
time to be fixed by the Board of Directors
then in office, whereof fifteen days prior
notice shall be given in the manner herein
above provided, which notice shall be full
and complete notice to all stockholders of such
meeting.
Any vacancy in said Board of Directors
from any cause shall be filled by the remain
ing directors. A majority of the members of
said Board of Directors shall constitute a
quorum for the transaction and management
IF all business of said corporation. They may
make such bylaws, rules and regulations as
hey may think proper for the transaction of |
The business and affairs of said corporation, |
and change, alter and amend same at pleasure;
appoint and fix salaries of all officers, clerks |
and employees, the same to change or dis |
miss at pleasure; fix salaries for officers pro- |
ded