The herald. [volume] (New Orleans, La.) 1905-1953, 1917-02-01

size and be sued in its corporate name; 70
17L- and use A corporate seal; and the same
p, hoax or alter at pleasure; TO hold, receive
purchase, convey mortgage, dypo 1I"o,af "a
tss.,e bonds notes and other Obligations OF
negotiable instruments; to have and employ
such managers, directors, oihcers' agents anu
other employees as the interest and eOn'e-
rirnce Of said corporation may require or
demand: to make and establish such by
laws, rules and regulations tor the corporate
management and control OF the ahalts Oh
the corporation as may be deemed necessary
and eNpedient
Article 1.-THE domicile Of said corpora
tian shall be established in the City Of New
Orleans. State Of Louisiana, and all citations
and other legal process shall be served on
the president: in his absence, on the sccre-
AIRY: and in the absence OF both, on the
treasurer.
Article ITT-The objects and purposes for
which this corporation IS organized ana the
nature Of the business u be carried on by
IL are hereby declared 10 he: 10 buy sell and
deal in, for It's own account. Or on commits
SION, logs lumber and other building ma
terials; and generally 10 engage IN and carry
may be germane or incidental To-. or CON
nccted WITH the purposes here'nahove set
forth or contemplated by this charter.
Article IN.-Thc capital stock Of this cor
p5-ation is sxeI az The sum of fifteen thou
sand lSl5.gOcW dollars. divided into one
hundred and fifty shares Of the par value
Of one hundred dollars each. All shares o.:
stock shall De ta.i-pali and non-asSessabic.
VI transfer o; stock shall be binding upon
I the corporation unless made upon It's books.
and al, certificate of stock sha, be signed
| by such officers as may be dcS grated by the
| board % directors.
This corporation shall have the right to
! increase ITS capital stock o. the further sum
I II twenty-five thousand dollars. 20 be divided
! into share, Of one hundred dollars each, pro
ylaed sand increase IN the capital stock shall!
{ t.H be- nn'
/ az meeting 20 be held pursuant 20 the pro-
! visions Of Article V OF this charter.
Article V.-Ail the corporate powers Of the
company shall be vested in. and the man
| agareut and control OF its affairs shall be
! exercised By board OF directors composed
/ Of three STOCKHOLDERS, the membership of
| which may De increased 10 number not
| exceeding FIVE by the board Of directors at
| any OF its regular meetings. A majority of
| the directors shall constitute a quorum for
/ the transaction If all business The dircc-
| tors shall be elected annually by ballot on
! the fifth day in January i'm each wear. Each
! -r5ckl0lder shall be entitled, in person or
| by proxy, 20 a vote for every share owned
| by him. and all elections shall be held under
| such rules and regulations as may he deter
mined by the board Of directors, after fifteen
! days notice by mail OF such election shall
! have been sent 20 each stakeholder at his
! last known address. The directors thus
elected shall continue in office for one year,
| or until their successors shall have been duly
elected and qualified No failure to elect
shall be regarded a forfeiture of this char.
ter Any vacancy occurring said board
snail De hIled by the remaining directors
Tor the unexplred term; the said board shall
likewise elect the additional members in
case they should determine to increase the
number Of said board. Said board Of direc-
tors shall. at its first meeting after its cleo
ton, nominate out Of its number. a presi-
dent, and secretary and a treasurer. Said
board shall have the right to appoint and
DISMISS such clerks, managers and other en-
I n oHA-a4T Fz., a.
Justify or the business Of the corporation NAV
require The tenure Of Office Of all the
employees Of the corporation shall be during
the pleasure Of the board of directors ANY
OF the directors or officers shall have the
right to appoint, by written instrument, an
other director or stakeholder to act as his
proxy and in his stead at any and all meet
ngs Of the board of directors
Article VINO stakeholder shall ever h.
held liable or responsible for the contracts.
faults or debts of said corporation, nor shall
any mere informality in its organization
have. the effect of rendering this charter null,
or Of exposing stakeholder 10 any liability
beyond the unpaid balance due on the shares
owned by him.
Article VTI.-This act Of Incorporation nav
he changed, modified or altered. or this cor
Poration may be dissolved, with the assent Of
the stockholders owning twothirds Of all the
stock of the corporation at a general meet.
ing convened for that purpose, and after al
least ten days written notice of this meet.
| ing mas Oeen gwen through mail, address led
to each stakeholder, at his last known place
OF residence. In case Of dissolution. by the
, expiration of this charter or otherwise the
stockholders shall elect three liqudators from
among their number, to hquidate and settle
the business and affairs of the company. Ir
case Of death or Disability of any one o.
| SAID commissioners or liquidatOrs, the sur
. yivors or remaining liquidators shall appoint
shall have fu'l oower to settle said company,
debts, and divide the remaining money an,
: property among the stockholders They shall
also have power to meet and act under III,
bylaws OF the corporation and under regu
lations 70 be made by a majority of saiC
: lIquidators; to FIX the price and prescrib,
: the terms Of sale of said property and tn,
manner in which the sale shall be made ant
] to take notes and bonds, secured by mort
!, gage or otherwise, for part of the purchas
, price Tor al or any part of said property
: provided. however, that the rights herein
, conferred upon the liquidators may be mod
n med, changed or denied by majority of tn
shares Of the capital stock of the corpora
s ton. The sa id liquidators shall have author
. property in the name of the corporation. an
J., may be sued by the same name, and the
n shall be liable in solido to any creditor o
n stockholder for the. monies and property q
the corporation, which shall come into thei
| hands or possession as liquidators and "a
s | the proper application and distribution there
Article WIN. ATonson, 1871 sout
III street, new orleans, La, has sui
le Scribed 10 fifty shares: Lazard d. Snkolsk,
q, 27O4 Pension street, New Orleans, La ha
= subscribed to fifty shares: and Harry Sin,
~ er, HO6 Pension street New Orleans, La
. has subscribed to fifty shares.
y. Article IX-Until the election to be heI
on the fifth day in January, 1918 the follow
! ing shall constitute the first board of dire
tors, viz: Lazard d. Sokolsky, NJ Aronso
and Harry Singer, with the said Lazard
rs Sokolsky as president; the said NJ. Aronso
as treasurer, and the said Harry Singer ;
IS, secretary.
y. Thus done and passed in nv office. on II
~ day, month and year first above written.
az the presence of Frank p. Twomev and 7
Il seph /. Weiss, competent witnesses, WI
~ have signed with the appearers and me, Il
notary, after reading the whole
Original Signed: NJ. Aronson. 50 share
o. 1911 ). franklin St; L. D. Sokolsky,
;. shares, H04 Pension St: Harry Singer.
ee shares. 2706 Pension St. F. b. Twome
Ve J. L. Weiss
r. FELIX J. DREYFOUS, Not Pub.
'n I, the undersigned recorder of mortgage
OF for the parish Of Orleans do hereby certit
es that the above and foregoing act of incorp
ration of the Dixie Lumber Co., Inc, W;
~ this day duly recorded in my office. in boo
L., l20l, folio 6S4.
New Orleans, December %. 1916
(Sgned) EMILE T. LEONARD DIV