The herald. [volume] (New Orleans, La.) 1905-1953, 1917-04-12
REMEDIAL RATES
4 Remedy for III, eIsrbiiant
Interest Charged
CHAR
THE JAS HAND LCMRER COMPANY.

u HE JAS ii Inn 8d LIN I RER COMPANY,
United State, OF America, State Of Louis
lana, Parish Of Orleans
lie II known that on this Sin day OF the
month OF March. IN the year OF our Lord,
one thousand. niue hundred and seventeen
l9lTI; before me- Watts X Leverich,
Notary Public in aud f9r The Parish of Or
leans, State ot Loul-ia0a. duly commits stoned
and qualified and in the presence OF the
witnesses hereinafter named and undersig ned.
personally came and appeared the several
persons whose names are he-euuto subscribed,
Al. - the age ot majority, who declared that.
aval.lng ticmSe,vt, of the provisions OF the
laws Of this State relative 20 the o-ganiza-
.'on 81 corporations. they hereby form them
,e.vcS INTO and constitute a corporation for
uia'l0nS hereinafter set forth
Article The name and title OF this cor
noration shall be Jas Hand Lumber Company.
Incorporated. and under is said corporate
name. II shall enjoy succession Tor the full
Term and period uine:y.nine Co9) wears
from and after the date hereof and shall
have power and authority 20 contract. sue and
be sued: 10 accept and receive mortgages.
pledges or other hypothecationS; TO make and
use corporate seal, and the same 70 break
" alter at pleasure; 10 purchase receive.
lease hold, or otherwise acquire and convey
as well as mortgage and hypothecate under
t. corporate name. property both real and
personal and mixed: 70 borrow money and
make. and issue bonds and other evidences
u debt, and 20 secure the same bv mortgage
or otherwise; 70 name and appoint such man
ayers and directors. officers and agents, as
the Interes: and convenience Of said corpora
ton may require; and 70 make and establish.
a. well as alter and amend a. pleasure. such
bylaws, rules and regulations for the manage
meDt and regulations OF the affairs OF the
corporation as may be necessary, proper or
convenient.
Article II.-The doniciIc Of this coroora-
non shall be IN the city OF New Orleans. and
all citations other legal process shall be
served upon the president Of the corporation,
"r IN his absence. upon the Nice-Presidcnt.
Article lll.-Ihe objects and purposes for
which this corporation j. established, and the
nature OF the business 70 De carried on by i.
are declared and specified to be: to purchase
receive acquire and deal in real estate, tim
Der lands timber, o. any interests therein:
TO engage IN logging operations: 10 operate
and maintain sawmlIls, plants or factories
wherein wood, logs and timber are manufac-
tured, altered or worked; to buy, sell, export,
Vport, or otherwise deal in. all sorts of tim
Der and lumber products; to extract turpen-
line, and to operate turpentine stills and
deal IN turpentlne and turpenfine products to
construct and operate tramroads in connec-
ton with and 10 facilitate its logging opera
tons; to acquire. lease. construct and operate
warehouses, sheds, storerooms and lumber
yards; TO buy and sell merchandise; to carry
on general store or commissary; 10 conduct
hotels. boarding houses and lodging houses;
and generally to do and transact all business
properly connected with, incidental or con-
venient to any OF the aforesaid objects and
purposes.
Article Iv-The capital stock of this
corporation is hereby fixed at Twenty
sd no and d B By two d Rud
dred and fifty (2SO) shares of the par
value OF one hundred $4,000 dollars
each, which shall be paid for ia cash. This
One Hundred Thousand (slOO,OOOO Dollars
All stock shall be transferable only upon
the books of the company and in accordance
with its bylaws and regulations.
Article ,V;-All the powers of this corpora
board composed Of not more than five 81
and not less than three 90 directors, who
shall elect from their number a President, a
Vice President and a Secretary. The said
on the second Monday OF each year. the
first election to be held in the year 1918.
All such elections shall be by ballot, at the
office Of the corporation. Notice of annual
meetings, well as of special meetings of
stockholders. shall be given by written notice
nailed ten days in advance OF the date fixed
for such meeting, to each stakeholder appear
ing as such on the books of the company. at
ibis last designated address. or at the general
delivery at New Orleans, if he has not desig-
rated address. Each shareholder is emit
led to vote for each share of stock stand
ing in his name on the books of the Company,
SAID vote to be cast IN person or by proxy,
and the majority of votes cast shall elect.
The board Of directors shall have the power
board, even though no quorum remain at the
time such vacancies to be filled. Failure
elect directors on the day above specified
shall not dissolve the corporation, but the
officers then in office shall remain in Office
until their successors are elected The d.
-ectors may elect such other officers as they
ieem necessary or convenient for the carrying
m OF the company's business, and shall have
power to unite two more Offices and to con-
'er the same upon one person, or to dispense
with any Office in their discretion. The
board of directors Shall also have power to
make and establish, as well as alter and
amend. all bylaws, rules and regulations
necessary and proper for the support and
management of the affairs and business of
he corporation, and not inconsistent with
its charter. Two (O directors shall consti-
ute quorum. for the transaction of business
The board shall have power, without referring
70 the stockholders, to borrow money, execute
other obligations, in such amounts and on
such terms in their judgment may be ad-
vantageous; and generally to do all things
reasonably necessary .. convenient for the
pOration. AT any meeting OF the board Of
directors, any director absent from the meet
ing may be represented by any other d. |
rector, who may cast the vote OF the absent
either general or special, of such absent d. |
rector. Until the annual meeting in 1918, the |
board Of directors shall consist Of the follow
ing
Jas; Hssd, whose postofiee address is Pur.
Wis, Miss; {. L. Spotswood, whose postofice |
address is Purvis, Miss; Horace Shepard, |
whose postoffice address is 6l0 Whitney Cen
trail Building, New Orleans, La, with Jas
Hand as President, Horace Shepard as Vice.
President, and c. L. Spotswood as Secretary.
Article VI.-This act of Incorporation NAV
be modified, changed or amended, or this
may be dissolved in the manner
provided by law, by vote of two-thirds
(2-0 of the entire outstanding capital stock
Of all classes, present or represented, at
general meeting of the stockholders convened
TOR such purpose, after a previous notice shall
have been given in the manner above required
TO be given Of the annual meeting of the cor.
poration. The capital stock Of the corpora
ton may be increased or decreased by pro-
ceedngs in accordance with the laws Of the
State of Louisiana.
Article VILE this corporation shall be
dissolved, either by limitation or from any
other cause, its affairs shall be liquidated
by three 1) commissioners, to be appointed