The herald., 1915-04-15

TEN OF retail lumber accounting; 10 obta
Colieel' tdoulate' verify and furnish fac
: and information as TO the actual costs of Or
duClng, manufacturing, handling, shipDin
, selling and placing lumber on the market I,
sale; and TO furnish information and facts (,
'ne practicable and economical methods to
adopted therefor; to obtain, collect tabulat
publish and furnish the wholesale price ,
lumber from actual purchases and the actu;
retail value OF same; to establish opera,
ana MAINTAIN freight rate bureau for IN
purpose OF securing proper, equitable, fair an
equal freight rates and for the purpose c
adjusting any and all differences between TN
shipper and carrier, cOnSignor OF consigne,
the purchaser and seller of lumber; 10 obtair
correct ana tabulate information and fact
ABOUT ana regarding the various branches @
insurance, efecting appertaining to tn
ie'dll lumber business; to arrange for an
secure tar, equitable and proper fire rates 70
insurance eHecting and appertaining to tn
retail lumber business; to obtain collect an
| tabulate and furnish information relative :
| TAX privileges state laws and city ordinance
| ana to obtain and secure fair equitable an,
yust tax regulations and privileges for tn
| lumber business; to obtain, collect and tab
| ulate information regarding uniform tern,s
| grades OF lumber and the Standardization n
| the sizes thereof; TO establish, operate an,
MAINTAIN bureau for the purpose of arbi
| trating and adjusting differences betwee,
wholesalers, retailers, manufacturers or con
| suineTs OF lumber; to publish, furnish and sci
! suTh iacts, information and data SO obtained
! collected, tabulated and verified to such Der
sons, companies, or corporations as may sub
| sSrloe ior the same, and generally to do all
things incidental to and necessary 10 carry
| out the objects and purposes for which thi,
corporation is organized
Article 1N-This corporation NAV sue and
De sued IN ITS corporate name hold, have
h eDehe, 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 per
sonar property and make and use a cor.
Pordte 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 corDorat;on
may require; make and establish such nv
laws rules and regulations for the proper
management and regulation of the affairs of
Salu corporation as may be necessary and
the same to alter and change at pleasure. and
snail possess all the rights, powers and priv
i n,' 70 "hlch corporations are, or may be by
any general law or laws of this State autbo
rlzed and entitled to possess Said cornora
non may exercise its corporate powers within
any other state or territory in the United
the same f"'''
Article N.-The capital stock of this cor
poration is hereby fixed at the sum of SO.
thousand and 0O-l0O (S5OOOOO dollars renre
scented by hve hundred $500 shares of ten and
Oo-lVo $1,000 dollars each. All stock sub
. seIlOed Tor 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.
ne SAID corporation shall commence business
when twenty-five hundred dollars worth of
stock shall have been subscribed for and ns;d
All transfers of stock shall be made or tn
DOCKS OF said corporation by surrender of the
cerhhcate thereof to the presiding officer. who
snail write the word Cancelled" promptIv
across the face thereof and erase the nresi
signature fhRrafror, hafo
new certIhcate. The Board of Directors bere
IN provided for. shall have the right to issue
new stock IN place of cancelled stock.
odIu capital stock may be increased in the
manner provided for by the laws of this state.
" henever an increase of said capital stool
snail have been authorized, fifteen davs writ.
en notice shall be given to each stockholder
Tithin which time persons holding stock in
ms corporation snail have the right to SUBJ
scribe Tor said increase of stock in propor- |
non to the number of shares of stock held nv
heIi' ana winch additional shares shall he
'aiu Iop al such times and in such manner.
IS the Board of Directors, may direct
AFTER the expiration of the said time fo, |
subscription and payment the Board of Direc-
ors may dispose of the shares not taken Tor |
ne dement, OF the company in such manner
Talue. ''a" Pal
f the stockholders each share of stock shall be |
Untitled to one vote to be cast either by the |
lerson in whose name the stock appears on /
he books OF this corporation at the time of /
he voting or by his agent or proxy duly |
authorized in writing to that effect.
Article Nll-The business and affairs and |
oEporate powers of this corporation shall be
transacted by board of not more than seven
directors nor less than four directors to be
omposed of stockholders thereof and they
nd each of them shall be elected at a meet /
ng TO be held for that purpose. The stock
olders may, however, elect less than seven
irectors at any annual meeting and the stock
olders may prior to the next annual meeting |
lect additional directors up to the maximum
lumber herein provided for, to-wt: Seven d. |
.ctors, but the directors cannot increase their |
wn number though they may fill vacancies
5 hereinafter provided:
John c. Cremer, Casa Grande Apartments,
ew Orleans, La; George X. Larrieu, All
oval street, New Orleans, La; Richard F. /,
estayer, 1928 Dumaine street, New Orleans
a., and George f. Ferchaud, 1923 Ursuine ,
'enue, New Orleans, La, shall constitute
e first Board of Directors and shall hold
nee until the second Tuesday in February.
10, or until their successors are elected and
iallhed, each subsequent board shall take
eir seats Immediately following their cleo
on, or as soon thereafter as practicable and
Iall hold their office until their successors
lall have been elected and qualified. The
rectors hereinabove named shall select their .
yn officers.
The officers elected and designated to serve I
v,
until their successors shall be elected are
follows, to-wit: .
John {. Cremer, president; George R. Lar
eu, vice-president and X. F. Mestayer, sec
tary, and George Z. Ferchaud treasurer.
On the second Tuesday in February, 1916, !
i'd annually thereafter an election for di- !.
ctors, by the stockholders shall be held at &.
e office of the corporation, after fifteen Q5) .
Us notice thereof shall have been given in +.
rsons or by depositing the same in the post | J
ice, properly addressed to the last known /.
dress of the stakeholder of said meeting Z.
'ery Board of Directors shall at its first .
,etIng after its election, or as soon there !:
ter as practicable elect from their own num-
T president. and first vice president.
The said Board of Directors shall also elect ::
secretary and treasurer, who may combine | !:
E said two Offices in one person. A failure !:
elect directors on the date above speci- ::
d shall not dissolve the corporation but the ::
IN existing Board of Directors shall con- ::
Tue in Office and another election shall be !;
Id as soon thereafter as practicable at Z
ne to be fixed by the Board of Directors , Z
IN in Office, whereof fifteen days prior z
tice shall be given in the manner herein 3
owe provided, which notice shall be full 3
complete notice to all stockholders of such !;
citing. 8
my vacancy in said Board of Directors 9
m any cause shall be filled by the remain q
directors. A majority of the members of !:
d Board of Directors shall constitute a
rum for the transaction and management -
all business of said corporation. They may
Ike such bylaws, rules and regulations as ar
y may think proper for the transaction of ss
business and affairs of said corporation af
change, alter and amend same at pleasure he
oint and TX salaries of all officers clerks an
employees, the same to change or dis fol-
IS at pleasure; fix salaries for officers pro- pu
ed for herein, sell, convey, mortgage no
dUa nd haea hO