The herald., 1917-04-05
CT lp TEp

/ p'. li'l- 'NNNi- SALTS NfENl J. IN
Parish OF Orleans
! Be i known, that ON thl, 2lS. day OF the
w,nth Of March. in the wear Of our Lord
tnr thousand nine hundred and seventeen
! Ig'-D. before wc. Wa,t, X Lcyerich. a
| notary public in and f,r the parish of Or.
! leans, State II Louisiana duly commit ,,oncd
! and qualified and ia the presence of The
| witnesses hereinafter named and under
! signed, personally came and appeared the
| several 1r-~,-, ,,f,,r r,,-r,. 49,. b,.-.,,It,
subscribed All Of the age Of rrlIoritv. who
! declared thar. lya.lng themselves OF the
provisions Of The laws Of tins State relative
! % the organization OF C1rporati0nS they
! hereby form themselves into and constitute
| a corporation t,r the objects and purposes,
! and under the stipulation, hereinafter Sc.
! forth.
! Article The name OF this corporation
| shall be. Care Sales Agency Inc
Article Ii.-lhe purpose, for which this
| cooperation is formed. are declared - be.
! - engage Iu the rly.ug and selling Of lumber
/ and all form, of timber products, both whole
| sale and retail; and 90 make advances upon
| lumber and lumber accounts
Article lII-Ihc amount Of capital stock
| II TIN, corporation shall he the sum OF ten
thousand tSlUsOuU) d5!larS divided into and
represented by one hundred GuOJ shares OF
| the par value II one hundred tSlOO uW dollars
| per share; said stock 20 be issued by the
board Of directors for cash or pr,prrty 6- for
services rendered the corporation AZ their
appraised value, a, the board OF directors
law.
Article IN.-The amount 10 which the cap.
ltal stock may be increased shall be one
hundred. thousand tSlDlpOOO dollars
Article N.-Ihe d1mIcie OF this corpora
ton shall be in the city Of New Orleans
State OF Louisiana; and the duration OF the
corporation shall he for uinety-nine (9gl
years. Service of citations or other LEGAL
processes, shan be served upon the presi-
lcn;. OF IN his absence. upon the yic.ip-rs-
'dent.
Article NI-Au the corporate powers Of
tins corporation shall be vested IN a board
OF directors to consist Of three 90 stockhold-
ers to be elected annually at a stockholders
March OF each year. The directors SO elected
shall remain in office until their successors
are elected and qualified. The board OF di-
rectors shall elect from their number a
president, wee preSident, a seCretary-treas-
urer, and such other officers as they NAV
think proper or convenient. and shall have
power 20 unite Two ar -,,,-a nt,;,ss ~
confer the same upon one person. or To- dis.
pensc with any orlce in their discretion, and
to fix the salaries of all offcers agqTtS ana
employees The directors Shall have noxeI
20 I'LL all vacancies occurring on the board
even though no quorum remain at the time
Of the directors shall co1s,;,,,., ',ajoIaty
for the transaction Of business. At any meet.
ing of the board OF directors. any absent ii. |
rector NAV he r.nre.erted h., - .t u "
rector, who may cast the vote Of the absent
director according 70 the written instructions
either general or special, of said absent d. |
rector. The directors shall have power 10 /
make, establish. alter and amend ali nv,
laws, rules and regulations, and 70 borroyu
money, execute mortgages and issue notes
and pledges. bonds, or other Obligations es
they think proper, without reference TO the |
the other powers with Which the corpo raj
IS vested by law. Until the annual meeting