The herald., 1917-04-19
CHARTER

OF THE CARRE SALES AGENCY. INC.
United States of America, State OF LOUISIANA
Re II known, that on this 2lst day of the
month of March, in the year OF our Lord, !
one thousand nine hundred and seventeen
Q9l0, before ne, Watts h. LeyeTleh'
notary public in and for the parish OF Or,
leans State of Louisiana, duly commissioned
and qualified, and in the presence OF the
witnesses hereinafter named and under.
signed. personally came and appeared the
subscribed all Of the age of majority, who
declared that, availing themselves OF the
provisions of the laws of this State relative
TO the organization of corporations, they
hereby form themselves into and constitute
a corporation for the objects and purposes,
and under the stpuations hereinafter set
forth.
Article 1.-The name of this corporation
shall be: Care Sales Agency. Inc.
| Article 1.-THE purposes for which this
! corporation is formed, are declared to be:
| and all forms of timber products, both whole
sale and retail; and TO make advances upon
lumber and lumber accounts.
| Article III.-The amount OF capital STOCK
| Of this corporation shall be the sum OF ten
thousand (SlO,OO.OO) dollars, divided into and
! represented by one hundred (l0Ol shares OF
| the par value Of one hundred (SlU.OD dollars
per share; said stock to be issued by he
board of directors for cash or property or TOT
services rendered the corporation at theii
appraised value, as the board OF directors
may determine and direct IN accordance witt
| law.
Article IV.-The amount TO which the cap
ital stock may be increased, shall be one
hundred thousand (sl0O,OO0OO) dollars.
Article V.-The domicile OF this corpora
ton shall be in the city of New Orleans
State of Louisiana; and the duration OF tht
corporation sail be for ninety W
years. Service OF citations or other lega
processes, shall be served upon the presi
dent or in his absence, upon the vice-Pres
jdent
Article VIAL the corporate powers o
this corporation shall be vested IN ooarC
of directors to consist OF three (5l siGekIh1o!a
ers TO be elected annually at a stockholders
meeting to be held on the FIRST Monday II
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
| president a vice president, a secretary treas
urer, and such other officers as they may
think proper convenient, and shall nave
power to unite two or more Offices and L
confer the same upon one person, or to dis
| pense with any Office in their discretion, anc
to FIX the salaries of all officers, agents and
employees. The directors shall have powei
10 I'LL all vacancies occurring on the board
even though no quorum remain al the TIME
such vacancies are to be filled. A majority
Of the directors shall constitute quorum
for the transaction OF business. AT any meet
ing of the board OF directors, any absent dl
rector may be represented by any other di
rector, who may cast the vote OF the absen
director according to the written instructions
either general or special, Of said absent di
rector. The directors shall have power K
make, establish alter and amend, all by
laws, rules and regulations, and, 10 borrow
money, execute mortgages and issue note'
and pledges, bonds, or other obligations, a.
they think proper, without reference to tn
stockholders; as well TO exercise all o
the other powers with which the corporation
is vested BY law Until the annual meeting
in 1918, the board of directors shall consis
of the following: Paul Havener post ,offic
/ address Whitney Bank Bldg: New Orlean:
Ia: c, w. Fox, Jr., post Office address IA
: Eleonore ST., New Orleans. La; w. W