The herald. [volume] (New Orleans, La.) 1905-1953, 1917-03-29
A Corporation with an
Authorized Capital
of S500,O00 90
Strict Privacy

Article N-Ar the powers of thi, corpora
'.p1 shall he vested in aud exercised by
"nard composed Of not mo-e ,han nve q
and -rt lc>, than three 90 directors. who
snail eject from their number a President. a
N.ge President and Secretary The said
board Of directors shall be elected annually
ou the second Monday ii each year the
INST election % be held i'm the year 1918.
Al such elections shall he by ballot, at the
office Of the corporation. Notice OF annual
meetings, q, wei is OF special meetings OF
>'ogkholde-,. shall De given BY written notice
wailcd ten days IN advance Of the date fixed
for such meeting - each ~'oCkhOder appear
ing iS such on the books oi the company, a.
his last designated address, al the general
delivery al New Orleans, If he has not dc,ly-
mated address. Each shareholder Is emit
tied TO ore vote Tor each share Of stock stand
ing in his name on the books OF the Company,
SAID vote to be cast IN person or by proxy.
and the majority Of votes cast shall elect.
The board OF directors shall have the power
to NIL all vacancies which may occur on the
board, even though no quorum remain al the
time such vacancies are to be filled. Failure
10 elect directors on the day above specified
shall not dissolve the corporation, but the
officers then IN office shall remain in offCe
until their successors are elected The dI-
rectors may elect such other officers as they
deem necessary or convenient Tor the carving
on OF the cOmpany's business, and shall have
power TO unite two more Offices and 10 con-
fer the same upon one person, or 70 dispense
with any office in their discretion. The
make and establish as well as alter and
amend, all bylaws. rules and regulations
necessary and proper for the support and
management Of the affairs and business of
the corporation, and not inconsistent with
its charter Two (2) directors shall consti
'ute a quorum. for the transaction of business.
The board shall have power, without referring
to ;he stockholders, 10 borrow money, execute
mortgages, issue notes. pledges, bonds or
other obligations, in such amounts and on
such terms as in their Judgment may be ad
vantageOus; and generally to do all things
reasonably necessary or convenient tor the
proper carrying on Of the business OF the cor.
yordtlon. Al any meeting OF the board Of
directors, any director absent from the meet
ing may be represented by any other d.
rector, who may cast the vote OF the absent
director according TO the written instructions,
either general or special, OF such absent di-
rector. Until the annual meeting in 1918. the
board Of directors shall consist of the follow
ing:
Jas. Hand. whose pos,office address is Pur-
Wis; Miss; c; L. SpCtswood. whose p,2stofhc,e
whose postoffce address is 90 Whitney Cen
trail Building. New Orleans. La, with Jas
Hand President. Horace Shepard as Nics
President, and c. l.. Spotswood as Secretary
Article VI.-ThiS act OF Incorporation ma I,
be modified, changed or amended. or this
corporation may be dissolved in the manner
provided by law, by vote of two-thrdS
(2-0 OF the entire outstanding capital stock
Of all classes, present or represented, al a
general meeting of the stockholders convened
for such purpose, after previous notice shall
have been given in the manner above required
TO be given Of the annual meeting OF the cor
pOratiOn. The capital stock Of the corpora
ton may be increased or decreased by pro-
ceedings in accordance with the laws OF the
| State of Louisiana.
Article VILE this corporation shall be
dissolved, either by limitation or from any
| other cause, its affairs shall be liquidated
| by three I'D commissioners, to be appointed
| at the meeting OF the stockholders convened
Co.. rI,a - -, -
| elected by the vote of all the stockholders
voting upon parity Said liquidators shall
remain in office until the affairs of said cor
| Doration shall have been fully settled and
Undated, and they shall have full power
and authority to transfer and give title 10
! all the property and assets of the corporation.
| and to distribute the proceeds. In case of
| the death, disability or resignation of one
| or more liquidators, the vacancy shall be
| filled by the survivor or survivors.
| Article VIII.-No stockholder shall ever be
held liable or responsible for the contracts
| or faults of said corporation in any further
sum than the unpaid balance due on the
| shares of stock owned by him, nor shall any
| mere intormallty in organization have the
effect of rendering this charter null, or OF
| exposing any stakeholder to any liability
! beyond the amount due on his stock.
| Thus done and passed at my office. in the
City of New Orleans, the day, month and
year first above written, in the presence Of
Monte NJ. Lemann and Leo Furlong compe
tent witnesses, who have hereunto subscribed
| their names together with US, Notary, and
said appearers, after due reading OF the whole
Witnesses: Monte NJ. Lemann, Leo Fur
| long.
WATTS X LEVERICH. Notary Public
|, the undersigned recorder of mortgages
in and for the parish of Orleans, State o.
Louisiana, certify that the above and fore
gOnig act of Incorporation of the Jas. Hand
Lumber Company, incorporated, was duly re
corded in my Office on this day in book 1906
folio -
,
(Signe6 EMILE J. LEONARD, by. R.
A true copy.
WATTS X. LEVERICH, Notary Public
march IS p % april II 10