The herald., 1917-11-29
ACT OF INCORPORATION

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State OF Louisiana, Parish of Orleans, City
of New Orleans.
Be II known, That on this, the 10Th dav
Aot the month of November, 1917, and of the
/ Independence OF the United States of Amer.
lea the one hundred and forty second. before
me, Charles +. Fletchinger, a notary public
duly commissioned and oualiied in and for
the city, parish and state aforesaid, therein
| residing, and in the presence of the wit
nesseS hereinafter named and undersigned
personally came and appeared the several
| persons whose names are hereunto subscribed,
VINO declared that, availing themselves OF
the provisions of the laws of this State rel.
alive to the formation and organization of
corporations, they have covenanted and
| agreed, and do, by these presents, covenant,
agree and bind themselves, as we'll as those
who may hereafter become associated with
them, to form themselves into a corporation
Tor the objects and purposes, with the name
and under the stipulations following, to-wit:
Article The name and style of this cor
poration shall be Braud Hardwood Lumber
Co., Inc, and by said corporate name il
shall have and enjoy succession and exist
ence Tor period of ninety nine years, I'M
less sooner dissolved, and shall have all the
rights, privileges and immunities which are
now or may hereafter be granted by law to
corporations OF the same kind and character,
and under said corporate name il shall have
the power and authority to contract sue and
be sued, to make and use a corporate seal,
4
to make all necessary rules and regulations
tor its corporate management and control
Article 1.-THE domicile of this corpora.
ton shall be in the City of New Orleans,
citation and other legal processes shall be
served upon the Secretary, or in case of his
absence or inability to act, upon any other
officer of the corporation.
Article IIl-The objects and purposes for
which this corporation is organized and the
nature of the business TO be carried on by
II, are hereby declared to be: TO manufacture
hardwood and other lumber, and the products
thereof; to buy and sell timber, timber lands,
lumber and other forest products; to ACQUIRE
by purchase or otherwise, and to own and
operate, saw mills, planning mills, and other
manufacturing plants germane to its bust
ness; to acquire by purchase or otherwise
and to own and operate logging roads, tram
ways, skidders, tug boats, barges and other
water craft in connection with its said bust
ness, but not as common carrier; to own
and operate commissaries for the sale by
retail and to do and perform all such acts
and things connected with appertaining
to the manufacture and sale of lumber and
other wood products as are or may be ger
name to the objects and purposes above ex.
pressed.
Article Iv.-The capital stock of this cor.
poration is hereby fixed at the sum of FIVE
thousand $4,000 dollars, divided into fifty
lSO) shares OF the par value of One Hundred
(SloO) Dollars each, all of which shall be
common stock, and the amount to which the
capital stock may be increased is hereby
hxed at the sum OF fifty thousand (50OO)
Dollars; the said stock shall be issued only
TOT cash or in payment Of property or SER
wees actually received by or rendered to
said corporation; said stock shall be fully
paid for at the time of its issuance and
thereafter be worcestershire.
This corporation shall commence business
and become going concern as soon as the
whole of its Five thousand (s5.OOO Dollars.
hall 4
and paid for.
The parties to this act hereby declare that
they subscribe for the number of shares of
the capital stock of said corporation, set OPP
posite their respective signatures hereto, so
that this act of Incorporation shall serve as
the original subscription
Edward X. Braud, one of the said sub
scrroers to the extent of Forty-seven shares
OF the capital stock of said corporation, in
full payment and liquidation of said SUBJ
scription, does hereby convey, transfer, as
sign and set over and deliver to this cor
poration all OF his right, title and interest
IN and to those two certain timber contracts
described as follows:
First. All the right, claims, title and in.
terest acquired by Z. r. Braud from c. F.
Borah in and to that certain contract dated
October IL, 1916, between w. H. Slaydon,
of the first part, and A. G. Little of the
second part, the interest of the said A. c.
Little in said contract being assigned by the
Nicholson Lumber & Manufacturing Co., on
on March l6, 1917, and the interest of the
Nicholson Lumber & Manufacturing Co. be-
ing conveyed to Chas. F. Borah, on April
9, 1917, which assignment, together with GER
tined copy of the original contract were
recorded on April II, 1917, in Conveyance
Book g, p. All, on the records of the Parish
Second: All the right, title, claim and
interest Of the said E. R Brald in and to
that certain contract dated Oct 20. 1916.
between A. G, Little and J. T. Coney, ].
5. Sexton and George w. Covington, the
rights to which contract have by various
assignments passed unto the said E. r.
Brand, the original contract being filed for
recordation in the Office Of w. E. Blosman.
by. Clerk and Ex-offcio Recorder, at Cow
ington, on March 9, 1917; said contract COW.
ering timber on what is known as the "Ha-
zlehurst Tract"
The said Edward R. Braud. John T. Clio.
linger, Thomas d: Mobley, Clark W. Storrs
and and Byrd H. Mobiey compose all the mem
poration in accordance with the REQUIRE
ments OF the law, and particularly Act No.
267 OF 1914, Of the Legislature of the State
OF Louisiana, hereby value and appraise the
X Braud in and to the timber contracts
aforesaid at the sum of Forty-seven hundred
$500 Dollars.
No present. or future stakeholder of this
fer, other than by inheritance, any Of the
capital stock of this corporation until tire
same shall have been first offered 10 the
remaining stockholders for the benefit of
those stockholders who may desire to pur-
chase the same through the Board of Direc-
tors, for period of ten days, at the book |
value of such stock as shown by the books
Of the corporation, on the 3lst day of De-
eember, preceding the date of such offer. It
shall be the duty of the Board of Directors.
upon receiving an offer of sale of
any of the. capital stock of this corporation, |
20 communicate the same to the stockholders, |
in writing, through the Secretary of the
Company, and each of the said stockholders |
shall be entitled to purchase such proportion |
IF the stock so offered for sale as the num-
Der OF shares owned by him, bears to the |
holders deiring to participate in the pur. /
'hares. No sale under foreclosure, attachment |
" other process, or by virtue of any power
u attorney, pledge or hypothecation, shall be |
'aiidly made until the foregoing require.