The herald. [volume] (New Orleans, La.) 1905-1953, 1917-08-02
CHARTER
OF GULF MILL & LUMBER COMPANY,
INC
CHAR

I'M.
United States Of America. State OF Louisiana,
Parish Of Orleans. City of New Orleans
BE II known That on this tweaty-ti-st day
Of the month OF June, in the year one thou
sand nine hundred and seventeen, A D,
before ne. Charles ROsen, a notary public,
duly commissioned and qualified, IN and for
the above parish and state, therein residing,
and in the presence OF the witnesses here
matter named and undersigned. personally
came and appeare&
The several persons, OF the tuA age OF
majority, whose names are hereunto SUBJ
scribed who declared that availing them
selves OF the laws Of this state in such cases
made and provided, they do hereby torn
themselves their successors and assigns, INTO
a corporation under the following Articles
and stipulatons. which they hereby adopt
as their Charter, to-wlt:
Article 1.-The name OF this corporation
shall be Gulf Mill & Lumber Company, Inc
Its period OF duration shall be nlnety-nlne
wears from this date. Said corporation shall
have for the purposes OF the business TO De
carried on by it, all the powers conferred 0y
law upon corporations, and shall generally
exercise all the powers necessary TO carry on
said business. Said corporation shall have
full power TO contract, sue and be sued IN
its corporate name; 70 make and use cor
porate seal. and the same to break or alter
at pleasure: TO hold, receive, purchase, rent,
or otherwise acquire, and 10 convey, mort
gage, hypothecate, lease, sell, or pledge, or
/ otherwise dispose OF, property. real, personal
and mixed; TO issue bonds, notes, other
obligations; TO have and employ such mana
[ gers directors, officers, agents and otAer
EMPLOYEES as the interest and convenience OF
I the corporation may require or demand 10
make and establish such bylaws, rules ana
/ regulations for the management and contro!
/ of the business and affairs OF the corpora
/ ton as may be deemed necessary or exPe'
/ dent.
/ Article 1.-THE domicile of the corpora
/ ton shall be in the City Of New Orleans;
State Of louisiana; and all citation and
/ other legal process shall be served on the
| president, and in his absence or disability
| upon the secretary.
! Article III.-The objects and purposes FOX
which this corporation IS organized and me
| nature of the business 10 be carried on Oy
/ it. are hereby declared TO be:
| To manufacture and to buy and sell boxes
box shocks, veneers, lumber, shingles, TIM
Der and logs, and all timber products tcl
I domestic sale or export; and IN connection
! Herewith to purchase, rent, or otaeTWlse
acquire, and own and operate box factories
veneer and saw mills, and TO construct o.
otherwise acquire and operate and use ran
ways, tramways. and all rights OF way fo'
the transportation OF boxes, shocks, veneer
lumber timber logs and other products; an'
10 purchase rent. or otherwise acquire, an'
operate barges, steam boats, and other wate
craft for the transportation OF boxes, shookS
veneer, logs, lumber, snlngIes, ana o'.e' I'm,
Der products, and other articles; TO BUY
rent or otherwise acquire, timber ana otne
lands, and 10 acquire and hold lands for IN
use of saw mills and timber yards, and I
buy or otherwise acquire tm9er tsnsS -
| lands; and generally to do and perform an
. and all things incidental or appeTtalning
. said objects and purposes.
, Article IV.-The amount of the capita
stock OF this corporation IS nereDy d6c!aIe
TO be twenty-five thousand IS[9,SVc. ao' 55.G
r consisting of sYO hundred and nifty t-'o
, shares of the par value OF 500 per snare
, O1e-half OF said amount shall be subscribe
70 before the filing Of the Articles Of lnco'
: poration, Of which nifty per cent snall oe pa;
IN cash before the corporation engages /
. business. and the remainder within tweIV
months. The remainder OF the authorize
ranital stock may be issued at any time b
the board Of directors tor money or PIoPe..
{ actually received or labor done for the COZ
> marathon upon such terms and conditions a
i he board Of directors shall deem proper.
The amount 10 which the capital stock ma
!. he increased shall be one hundred thousan
! tSlOONOOO dollars.
All transfers of stock shall be made on IN
! books OF the company on the surrender {
The outstanding certificate and pursuant
: such rules as the board Of directors may pre-
. scribe.
or otherwise dispose of his stock without mrs
1 offering il to the other stockholders throug
D the board of directors for thirty days az u
Z book value for cash; and all stock shall .
I held subject 70 this provision. and every san
II
E said stock shall be made subject 10 this PR
! vision OF the charter.
4 The board Of directors shall have the powt
: N receive subscriptions for and to issue a
4 stock hereafter subscribed for: but all sue
( stock and any increase thereof must hrst
( offered 10 the existing holders and owners
!. stock at the time of such issuance In propo
4 ton 20 their respective holdings.
Article V.-All the powers OF this oorpor
E ton shall be vested in and the business ar
! affairs Of the corporation managed by boai
n of not less than three nor more than fo'
!. directors. who shall be elected annually at
= meeting of the stockholders on the thi
}. Monday Of June II each year. The hrst a
a nual meeting shall be held on the third Mo
( day of June, 1918, until which time the OF
e GERS and directors named in this charter sha
e act, or until their successors are elected az
b qualified. The stockholders may at any TN
I remove any director and ELL his place
e The FIRST board Of directors to serve I
r the first year shall consist Of: Jacob
!. Lowe, Colonial Building. Boylston Stree
n Boston, Mass; Clement B. Penrose, Pei