The herald., 1917-04-05
CHARTER
OF TIERNEl- BONNAFFONS MANUFAC-
TURING COMPANY, INC.
United States Of America State of Louisiana

OF NEE-BONNAFFONS MANUFAC-
TURING COMPANY, INC.
United States OF America, State of Louisiana
Parish Of Orleans, City of New Orleans
BE it known, that this twentieth day
OF March, IN the year OF our Lord one thou.
sand nine hundred and seventeen, before me-
Peter Stiff, notary public, duly commits
stoned and sworn, in and for the parish OF
Orleans and City OF New Orleans, therein
residing, personally appeared the persons
whose names are hereunto subscribed, who
declared that availng themselves of the pro-
VISIONS OF the laws of this State relative to
the organization of corporations and more
particularly Act No. POI of the General As
semby of this State, approved July 9, 1914
they have covenanted and agreed, and do by
these presents covenant and agree bind
form and constitute themselves as well as
such persons who may hereafter Join or be-
come associated with them into a corporation
and body polite in law, for the objects and
purposes and under the agreements and stip.
ulations following, to-wit:
Article 1.-The name and style of this cor.
pOratIOn shall be "Tiernev- formations Man.
ufacturing Company, Inc" and under that
name II shall have and enjoy all the rights,
privileges and advantages granted by law
to corporations; it shall exist for the period
u ninety nine years from this dav; it shall
ITS corporate name; to make and use a cor
porate seal and the same TO break or alter at
pleasure; to hold, receive, purchase, convey,
mortgage, hypothecate or pledge property
both real and personal; TO issue bonds, notes
and other obligations or negotiable instru-
ments; to have and employ such managers.
directors, officers, agents and other employees
as the interest and convenience of said cor
poration may require or demand; to make
and establish such bylaws, rules and regll-
latIons Tor the corporate management and
control of the affairs of the corporation as
may be demeed necessary and expedient
Article 1.-THE domicile of said corpora.
ton shall be established in the city of New
orleans, State OF Louisiana, and all eta
tons and other legal process shall be served
on the president; in his absence, on the vice
president, and in the absence of both, on
the secretary.
Article III.-The objects and purposes for
which this corporation is formed, and the
nature OF the business to be carried on by
1t, are hereby declared to be to deal in or
manufacture lumber, logs, timber and wooden
ware, IN this city or elsewhere.
Article lN.-Ihe capital stock Of this cor
PoTation IS hxed at the sum of five thousand
dollars, divided into one hundred shares OF
the par value OF fifty dollars each All
shares OF stock shall be full-paid and nom
Sasse,ssaDie. No transfer OF stock. shall be
binding upon the corporation unless made
upon ITS books: and all certificates of stock
Shali be signed by such officers as may be
designated by the board of directors.
The corporation shall have the right 10 in
crease its capital stock. up to the further
sum of twenty thousand dollars, to be di.
vided into shares of fifty dollars each, pro-
I I SAID increase in the capital stock shall
80 au''iOii Eeu ,Oy the stockholders at
a. meeting to be held pursuant TO the pro-
visions Of Article V of this charter.
Article N.-All the corporate powers Of
the company shall be vested in, and the
management and control of its affairs shall
be exercised by board of directors com.
posed OF three stockholders. A majority OF
the directors shall constitute a quorum for
the transaction of all business. The direc-
tors shall be elected annually by ballot on
the third Thursday in January in each wear.
Zach stakeholder shall be entitled in person
or by proxy to vote for every share owned
by him, and all elections shall be held
under such rules and regulations as may be
ten days notice by mail of such election
shall have been sent to each stockholder al
his last known address. The directors thus
elected shall continue in Office for one year.
OF until their successors shall have been