The herald. [volume] (New Orleans, La.) 1905-1953, 1917-01-25

Ca. Inc. and under its said corporate name
u Shall have power and authority to have
and enIoy corporate existence and success
SON for The full term and period of ninety
nine wears from and after the date hereof;
| !, shall have power and authority TO con-
tract, sue and be sued. to make and use
co~pora'e seal and the same 10 alter and
break at pleasure; to hold receive, lease,
purchase and convey, as well as mortgage
| and hypo,hecate property, real, personal and
linked c0-porcal and incOrpOrcal; to borrow
money and to lend money security; TO
buy. own and hold stocks and bonds Of other
corporations and 10 vote the same; 10 same
and appoint SUCH officers. directors, mana
gers and agents as its business, interests
| and convenience may require; and 10 make
and establish, well as alter and amend;
from time II time, such bylaws, rules and
regulations for the proper government Of
the affairs of sand corporation as may be
necessary and proper, and 70 likewise do
aud perform any and all acts necessary to
carry on the business of said corporation
as in the judgment OF is board OF directors
| shall seem proper.
Article 1.-THE domisilc Of said corpo-
ration shall be in the city Of New Orleans.
State Of Louisiana, and all citations and
other, legal process shall be served on the
| president Il said corporation, or IN his alb
| seuce, upon the vlce-preNident thereof, o.
in the absence Of both OF said officers, upon
| the SECRETARY Of sand corporation.
| Article III.-Th- objects and purposes f)-
which said corporation j. organized and e,-
| tablj,hed and the nature Of the business t.
! 5c carried on by II, are hereby declared TO
| +, buy. construct. lease. and operate saw
| mills planning mills la,h-m,ilS and single
| mills; % construct, acquire. lease and use
| railways, tramways, canals and rights OF
wav for the transportation OF timber and
| lumber and other products for the use Of lis
| mills and for other purposes; 70 buy, sell
and lease timber lands and 10 acquire, lease
and hold other lands for the use of saw
! mills planning mills single mills and lath-
mills lumber yards and timber yards, and
| for other purposes; 10 buy and sell timber
| rights on lands; to buy and sell timber
| logs. lumber, shingles and other timber pro-
| duets, either Tor domestic sale or export 70
| foreign countries other states IN the Unit
! ed States; to acquire, lease, charter and
! operate barges, steam boats and other water
| craft for the transportation OF logs, lumber
| shingles and other timber products; to exc
| cute bonds in the fulhlment OF contracts or
/ in the performance OF their business; and
| TO do any and all acts incident to and
| growing out OF the carrying out OF any and
| all Of the objects hereinabove enumerated
! Article lN.-Ihe capital stock OF said cor
| poratIon is hereby fixed AT the OF
| twenty thousand dollars (S2O,OOOOO) divided
into and represented BY two hundred shares
| If stock Of the par value Of one hundred dol
| lars $4,000 each. The said stock shall be
| paid for in cash, at such time, in such
| amounts and after such notice to the sub
| scrhers may be fixed by the board Of
directors, the same may be issued at not
less than par for labor done or property
|
Said corporation shall become going con
Germ and be authorized to do business as
| soon twelve thousand dollars of its cap
ital stock shall have been subscribed and
paid for.
TIE amount to which the capital stock of
| said corporation may be increased shall be
the sum Of one hundred thousand dollars
(Sl00OOOO).
The unsubscribed or treasury stock of this
corporation any increase of the capital
stock shall only be issued upon authority
Of the board OF directors, and when issued
the original subscribers Of this charter shall
have the right to purchase of the treasury
stock or increased capital in proportion 10
the amount subscribed for in this charter.
Article N.-Al the corporate powers of
said corporation shall be vested in and ex.
ercised by board of directors, composed of
not less than five stockholders. a majority
Of whom shall constitute Quorum, The
said directors shall be elected annually on
the third Monday Of January in each year.
All such elections shall be held by ballot
and conducted at the Office of said corpora
ton, under the supervision of three com
| directors.
Notice of such elections shall be given by
| the secretary Of the company by written no.
tice thereof delivered personally or by de-
| addressed, to each stakeholder at least fif-
teen days preceding such meeting
At all such elections and at all corporate
meetings, every stakeholder shall be enti-
|
standing in his name the books of the
corporation, to be cast in person or by writ
ten proxy, and it shall require a majority
of the stock outstanding to elect.
Any vacancy among the directors by death,
| resignation or otherwise. shall be filled by
election for the remainder of the term, by
| the remaining directors.
| failure to elect directors on the date
| above specified shall not dissolve the cor
| mon hut he ,,, eb,lI
| remain in office until their successors are
elected and qualified.
The board of directors shall elect from
their own number a president and vice
pres dent. They shall also elect a secretary
and treasurer or one person who shall be
! both, either of whom may or may not be
members of the board. They may from time
to time name and appoint all such officers
and agents may be deemed necessary for
the purpose and business of the corporation /;
they shall have power to fix and define the
duties OF every officer and employee and all
officers and employees shall hold Office and
employment at the pleasure of the board.
| The board may make, well as alter and
amend any and all bylaws, rules and reg
ulations necessary and proper in its judg-
ment for the conduct, support and manage
ment of the business and affairs of said cor
poraton.
The board shall have full power and au-
thority to borrow money, TO execute mort
cages and to create liens; to issue bonds,
|
do all things reasonable, convenient and
necessary for the proper carrying on of the
business of the corporation.
The board may issue full paid shares of
stock for cash or in payment of labor done
or property actually received by said cor
poration.
At all meetings of the board of directors,
each director shall have the right to appoint
proxy to act in his place and stead.
Article VI.-Whenever this corporation NAV
be dissolved, either by limitation or from
any other cause, its affairs shall be liuuidated
by three commissioners to be appointed from
amongst the stockholders at a general meet
ing of the stockholders convened for such
purposes, of which meeting notice shall be
gwen IN the manner and time provided for
the stockholders meetings by Article VII
Of this charter, and three-fourths in amount
OF the capital stock of the said company rep
resented at such meeting shall be REQUISITE
to elect. Said commissioners shall remain
IN othce until the affairs of said corporation
shall be fully liquidated. In case of the
death of one or more of said commissioners.
the vacancy shall be filled BY election by
the surviving commissioners.
Article VII-This act of incorporatjou NAV
be modified, changed or altered, or said cor
poration may be dissolved or the capital
stock may be altered in accordance with
law, at meeting of the stockholders called
Tor that purpose, after notice shall have been
gwen by written notice TO each stakeholder
| delivered to him personally or mailed 20
him at the post-offce address designated by
him in writing at least fifteen days prior
to the date of the meeting.
| Article EIII-No stockhoIder shall avs-