The herald., 1917-12-20
CHARTERS.

ing of the Board, or a meeting attended by
all the members OF the Board of Directors
such resolution being adopted in advance OF
the pledge or hypothecation.
Article V.-All the powers of this corpo.
ration shall be vested in and be exercised
| by Board Of not less than three 90 nor
more than seven % directors, as determined
| IN advance each year by the stockholders
| at the annual meeting. Each director shall
be a bona-fde stockholder, and shall own
| share OF stock. The first Board of Dlrec-
| tors shall consist of:
Edward r. Braud, Nicholson, Mississippi
John I. CiOlinger, Nicholson, Mississippi
leans, La; Clark w. Storrs, 7227 Hampson
ST., New Orleans, La; Byrd w. Mobley,
Nicholson, Mississippi.
The FIRST officers of the corporation, with
| their addresses, as follows:
Edward r. Braud, Nicholson, Mississippi,
who shall be President.
John T. Clolinger, Nicholson, Mississippi,
who shall be Vice-President.
| Thomas b. Mobley, New Orleans, Louisi-
ana, who shall be Secretary.
Clark w. Storrs, New Orleans, Louisiana,
who shall be Treasurer.
The above Board of Directors shall hold
office until the first annual meeting in Feb
| ruary, 1918, until their successors are
elected and qualified Each succeeding board
| shall continue to hold office for one q
year until their successors are elected and
| qualified. The persons to be hereafter elect
| ed directors for subsequent years shall select
from their own number, a President, Vice
| President, Secretary and Treasurer. The
| Board of Directors may from time to time,
| and the business of the corporation may
| dictate, combine any two of the above off,
| GERS in and the same person.
On the second Tuesday of February OF
| each year, unless the same should fall on a
legal holiday, then upon the next following
lay day, the stoc kholders shall elect board
| of hIrar fnr he he ina A
| of directors we'll as the officers already
| installed shall continue in office until their
| successors are elected and qualified. The
election of directors shall be by ballot and
| the persons receiving the majority of votes
cast shall be declared elected. For electing
| directors or for any other purpose each share
| of stock shall be entitled to vote, wheth-
er present or by proxy, but no fractional
share OF stock shall be entitled to vote. A
majority OF the directors voting at any
one time, in person or by proxy, shall be
required to pass any resolutions adopt
| any bylaw, and which, when so adopted,
| shall be come valid, corporate acts. In case
| of vacancy on the Board among the Off
GERS from any cause the remaining members
of the Board shall have the power to fill such
vacancy. Said Board of Directors shall have
the power to enact such bylaws, rules and
regulations as, in their opinion, may be nee
essary and proper for the management, oper-
alton and control of the business of said
corporation.
Article VI.-Notice of all meetings of
stockholders held for the election of direc-
tors, or for any other purpose, shall be given
in writing by the Secretary and may be
served personally deposited in the mail
addressed fifteen OS) days before such meet
ing is held, and directed to each stakeholder
at his last known address, as the same shall
appear upon the books of the corporation,
unless said notice is waived in writing by
all of the stockholders appearing upon the
books. At all meetings of stockholders a
n he 81 hall he ff1ta,,
to elect and decide all questions voted upon,
except for the alteration, amendment or the
dissolution of the corporation.
Article VII.-This act of Incorporation may
be altered, amended, or modified, or the cor
poration dissolved by a vote of two-thirds
in amount of the capital stock represented at
general meeting of the stockholders, called
tor that purpose, after notice provided in
Article vi Of this charter; and in case of
dissolution of the corporation the stockhold-
ers at such meeting shall elect three 81
Llqudating Commissioners, who shall have
entire charge of such liquidation, with au-
thority to sell and dispose of the assets of
| the corporation, and to I'LL vacancies occur
ring in their number.
Article WILING stockholders shall ever
be held liable or responsible for the con-
tracts or faults of the corporation, in any
further sum- than the unpaid balance due the
corporation on the shares owned by him,
| nor shall any mere informalty in organiza.
tion have the effect of rendering this char
| ter null, or exposing a stakeholder to any
| liability beyond the amount of his unpaid
| stock
Thus done and passed at my Office in the
| City of New Orleans, on the day, month and
year first herein.efore written, in the pres
ence of Frances Eisler and Roy Willie, COM
| petent witnesses, who hereunto sign their
names together with said appearers, and me,
| the notary, after reading of the whole.
Original is Signed: E: R. Braud, Nichol-
SON. Miss, ~ shares; T. B. Mobley, New
Orleans. 735 Union, One share %; ]. T.
| Oolinger, Nicholson, Miss, one share ID;
C. w. Storrs, New Orleans, La, 3427 Hamp-
| son Str One share fD.
Witnesses: F. Eisler, Roy Willie.
CHAS. F. FLETCHINGER, Not Pub.
I, the undersigned Recorder of Mortgages
in and for the Parish of Orleans, State ct
Louisiana, hereby certify that the above and
foregoing Act Of Incorporation of Braud
| Hardwood Lumber Co.. Inc. was this day
duly recorded in my Office in Book 1912, To-
Ito -.
New Orleans. La. Nov. rs. 1917.
(Signe0 EMILE J. LEONARD, D. R.
A True Copy.
CHAS R. FLETCHINGER, Not. Pub.
Nov q Dec 6 Jan