The herald., 1917-01-25

make and use a corporate SEAL and the same
to break or alter at pleasure; to hold, receive
purchase. convey. mortgage, hypothecate oil
pledge property, both real and personal; &c
issue bonds, notes and other obligations OF
negotiable instruments; TO have and employ
such managers, directors, officers, agents and
other employees as the interest and cOnve
uIcuCc Of said corporation may require OF
demand; 20 make and establish such by.
laws, rules and regulations for the corporate
management and control OF the affairs OF
the corporation as may be deemed necessary
and eNpedent.
Article 1.-THE domicile Of said corpora
ton shall be established in the City Of New
Orleans. State Of Louisiana, and all citation,
ard other legal process shall be served or
the president; in his absence. on the secre.
tary; and in the absence OF both, on the
treasurer.
Article III.-The objects and purposes for
which this corporation IS organized and the
nature Of the business to be carried on bv
II are hereby declared 10 be: to buy, sell and
deal ~. tor ITS OHn account, or on commits
sion, logs. lumber and other building ma.
tcrsaIs; and generally to engage in and carry
on any n,lcr business or enterprise which
may he Ec-mane or incidental 10. or con,
recied with. the purposes hcreIuahove SCI
forth or contemplated by this charter
Article IN.-Ihe capital stock Of this cor.
poratlon !, fixed At the sum of fifteen thou.
sand 'S-5g0cm dollars, divided into one
hundred ard City shares Of the par value
stock shall be full-pad and nor-aosessajle
W transfer II stock shall be binding upon
the corporation unless made upon IT'S books
and all certificate Of stock shall be signed
3F such OFFICER, as may be designated by the
''a-I Of directors.
This corporation shall have the right 70
increase us capital stock 20 the further sun
~ twenty-five thousand dollars 20 be divided
into shares Of one hundred dollars each. pra.
y'ied ,aid increase IN the capital stock shall
.I T.. -
ID: meeting % be held pursuant 10 the pro.
vision, IT Article Y Of this charter.
Article N.-All the corporate powers of the
company shall be vested in. and the man.
aEtmcnt and control Of its affairs shall be
exercised by q board Of directors couposcd
IF three Stockholders. the memberships fIo'C 81
"Iich may De increased 70 a number not
exceeding 1--WE by the board Of directors a,
any 81 rs regular meetings. 4 majority nj
he directors shall constitute q ou6rr,-,,- 70,
the transaction of all business The direc.
tors shall be elected annually bv ballot on
me nun day IN January in each year Each
St'ckhoIder shall be entitled. in person or
by PROXY. to vote for every share owned
by hln. and all elections shall he held under
Nuch rules and regulations as NAV be deter.
mined by the board Of directors. after fifteen
Gays notice by mail OF such election shall
nave been sent to each stakeholder at his
last known address. The directors Tins
elected shall continue in office for one wear.
or until their successors shall have been duly
elected and qualified. No failure 70 eIrr,
,naI ne regarded as a forfeiture Of this char.
I'm my vacancy occurring on said board
2haII be filled by the remaining directors
I9r the uneNplred term: the said board shall
HkewiSe elect the additional members in
case they should determine to increase the
humher OF said board. Said board of direc-
'orS snail, al its first meeting after tie elec.
g'h nominate out Of its number a presi.
gent. and secretary and a treasurer S7;d
II:3arI shaii have the right to appoint and
uiSnllss such clerks. managers and other EN-.
ployees Of the corporation as conditions NJ.
justify or the business of the corporation ma
require. The tenure of office of all The
employees OF the corporation shall be duri,,g
me pleasure OF the board of directors. AnY
OF the directors or officers shall have ~
right TO appoint. by written instrument an.
o'her director or stakeholder to act as his
proxy and in his stead at any and all meet,
lngs Of the board of directors
Article Vino stakeholder shall ever he
f aeld liable or responsible for the contracts,
any mere informally in its organizatian
have the effect of rendering this charter null
or OF exposing a stakeholder TO anv IiabiIitv
beyond the unpaid balance due on the shares
owned by him.
Article yII.-This act of Incorporation may
be changed. modified or altered or this cor
poration may be dissolved, with the assent Of
me stockholders owning two-thirds of all the
STOCK OF the corporation, at a general meet
ing convened Tor that purpose, and after at
least ten days written notice of this meet
ing has been given through mail. addressed
to each stockholder, at his last known pIace
OF residence In case of dissolution by the
eNpIrauon OF this charter or otherwise, the
stockholders shall elect three liouidators fror1
among their number, TO liquidate and settle
the business and affairs of the company. In
case OF death or disability of any one of
SAID commissioners 0, liquidators, the sur.
vivors or remaining liquidato-s shall annoint
q successor to him The caiI
snail have full power TO settle said comnanv's
debts, and divide the remaining money and
property among the stockholders They shall
also have power to meet and act under tbe
bylaws of the corporation and undeT -egI,-
,atons to be made by a majority of said
i,quidators; TO fix the price and prescribe
lne terms OF sale of said property and the
manner in which the sale shall he made snd
to take notes and bonds, secured bv mort.
gage or otherwise, for part of the purchase
price fGr all or any part of said property.
provided; however, that the rights herein
conferred upon the liquidators NAV he ,,oJ
med, changed or denied by a majority Of tbe
SHARES OF the capital stock of the corpora
non' The said liquidators shall have author
ny 10 sue for and recover the debts and
property in the name of the cornorat;on anJ
may be sued by the same name. and t5nu
snail he liable in solido to anv creditor or
stockholder for the monies and property Of
Inc corporation which shall come into their
Ia or possession as liquidators and for
of. anu u''''iou'ioh there
Article WIN. Aronson. 1911 South
RANKIN street, New Orleans, La, has sinh.
scTibed to fifty shares: Lazard d, SokoIstv
ZIG4 Peniston street. New Orleans. La, has
subscribed to fifty shares: and Harry Sing.
er' 200 Pension street. New Orleans Is
has subscribed to fifty shares. '"'
Article IX.-Until the election n he bs1d
on the NTH day in January, 1918. the follow.
ing snail constitute the first board Of dice.
tors VIZ: Lazard D. Sokolsky, NJ. Aronson
ana Harry Singer. with the said Iazard n
Sokolsky as president; the said M Aro1son
as treasurer, and the said Harry Singer as
secretary. S'"se' DIS
Thus done and passed in nv office. on ,be
day' month and year first above written. in
the presence of Frank r. Twomey and To.
iseph l. Weiss, competent witnesses, who
nate signed with the appearers and me, the
notary, after reading the whole.
Original Signed: NJ Aronson. 50 shares
1911 ;. Franklin St; L. D. SokoIskv. n
shares, I04 Pension St; Harry Singer. sO
shares, 200 Pension St. F. b. TWomev,
J. L. Weiss. ~
FELIX J. DREYFOUS, Not Pub.
!, the undersigned recorder of mortgages
Tor the parish Of Orleans, do hereby CERTIFY
that the above and foregoing act of incorpo
ration of the Dixie Lumber Co, Inc, was
this t n; day duly recorded in my office, in book