The herald. [volume] (New Orleans, La.) 1905-1953, 1916-05-11

United States Of America. State Of I,ouisi.
leans.
Re it known. that on this fifth dav Of the
month Of April. in the year one thousand
nine hundred and sixteen before me, Scott
r. Eeer; a notary. public in and for the
! in residing. duly sworn. commissioned and
qutIlhei and IN the presence OF the wit
uc~NeS hereinafter named and undersigned
Psrs23na.ly came and appeared, the persons
lyaillug themselves Of the laws OF this state
relative 70 the organization OF COrnpratiouS
m such cases made and provided they con-
s'ltutc themselves, their successors and as
sign, corporation under the Stipulations
hereinafter set forth, which they hereby
| adopt As their charter. to-wit:
Article The name Of this corporation
tperiod OF duration shall be uinetv-nrrc wears
from aud after this date and 1t shall have
! for the purpose 81 the business t. be car
RED on by II all the powers conferred by
law upon corporations. and shall cxerci Sc
generally all tc powers necessary TO carry
on said business.
Article 1.-THE domicile Of this corpora
non shall be IN the city Of New O~lcai.s,
| parish Of Orleans, State Of louisiana: and
all citation and other legal process shall be
served on the president, and in case Of his
absence. on the secretary treasurer or vice
/ president.
Article III.-The objects and purposes for
which this corporation Is organized and the
nature Of the business 70 be carried on by
II hereby declared 10 be: TO cut, saw
aud manufacture lumber and vencers Of all
kinds, and to sell or otherwise dispose Of
the same: - purchase, rent or otherwise
acquire. and to sell. lease. mortgage or 9th.
crwlSc dispose OF lands, timber. logs, um-
her or wood Of any nature, saw mills, veneer
mills, logging railroads. and equipment nee
eNSary therefor or appertaIning thereto: and
to operate saw mills, lu,nuer mills and fac
tories and mills for the manufacture Of
boxes, shocks, or other products Of lumber;
and in connection Herewith to operate tram
roads. railroads. or other means of trans
portatIOn whatever; and generally TO do and
perform any and all things necessary or
incidental TO or appeartaining TO the afore
said objects and purposes or any OF them.
Article IN.-The amount Of the capital
stock Of this corporation is hereby declared
TO be seven thousand FIVE hundred $500
dollars, which shall consist of seventy-hve
dollars $1,000 per share; all of which shall
be subscribed for befors filing of these
articles of Incorporation; and all the stock
50 subscribed for shall be paid for either in
money property received labor done for
the said corporation, at such times as the
board OF directors shall determine.
The amount 10 which the capital stock Of
this corporation may be increased shall be
one hundred thousand dollars CSlO,OO0).
The said seventv.five hundred dollars ST..
be paid for by the transfer 10 this corpora
ton of the mill, mill machinery,
etc, belonging to the subscribers to this
charter. which is fully described in the de-
tailed description and the appraisement there
Of which Is annexed to these articles OF in
corporation 4 part hereof and which is TO
he read in connection herewith.
Article V-An the powers Of this corpor-
alton shall be vested in and the business
and affairs OF the corporation shall be man
aged by a board Of directors who shall be
elected annually. at a meeting Of the stock
year. the first board of directors are to serve
for the first year. or until their successors
are elected and qualified
The first board of directors shall consist
Of the following: Edward R. Braud: Joseph
Edward R. Braud, 17lO Fern street, New Or
| leans La. as president Joseph L. Folse, Jr.,
| 1929 n. Tonti ST., New Orleans La, as sec
, retary-treasurer, and Joseph L: Folse, Sr.,
Pancourtville, Assumption Parish, La, as
vice-president.
These directors shall hold Office until their
successors are elected and qualified.
All elections shall be by ballot at the
Office Of the corporation, under the supervi.
sion of two commissioners to be appointed
by the board of directors. Notice of such
| meeting shall be given by the secretary in
writing. delivered to each stockholder in
person or mailed to him to his last known
address at least fifteen days prior 10 the
said election: but this notice may be waived
by all the stockholders At all such elections
and at all meetings of the stoc kholders,
every stakeholder shall be entitled to one
voet for each share of stock standing in his
name on the books of the corporation on the
date Of the said meeting. Said votes 20 be
. cast in person or by written proxy, and
majority of the votes cast shall elect.
The failure to hold the annual meeting or
20 elect directors shall not dissolve this cor
poration or affect the corporation nor impair
its management in any respect, but the di-
rectors then in office shall remain in office
until their successors are elected and quail
fed Each subsequent board of directors
shall be composed OF thee, and shall elect
as soon as possible after their own election
a president, a vice president and Secre-
tarv-treasurer; and the board of directors
NAV appoint such other officers, agents, en-
ployees as they may deem proper, and may
grant TO each ofhcer such powers as they
may deem proper.
All vacancies on the board Of directors for
whatever cause shall be filled by the re,
naming directors Any member OF the board
OF directors may appoint any other person
his proxy TO act in his place at any meeting
Of the said board. The board OF directors
may make and amend all by laws necessary
for the regulation and management of this
corporation.
Article VI.-This act of Incorporation may
he modified. changed or altered, or said cor
marathon NAV be dissolved with the assent
/ of two-thrdS of the capital stock outstand-
ing at meeting Of the stockholders con-
vened for that purpose and after htteen days
notice has been delivered in person or gwen
| BY letter mailed TO the last known address
~ each stockholder. The said notice may
| be waived by the unanimous consent OF all
! stockholders
In case of dissolution of the corporation,
! it's affairs shall be liquidated by two COM