The herald., 1917-06-28
CHAR
CHARTER
OF GULF MILL \ LUMBER COMPANY.

CHARTER
OF GULF MILL y LUMBER COMPANY.
INC.
United State, Of America. State OF Louisiana.
Parish Of Orleans, City of New Orleans.
BE II known. That IN this twenty frs; day
II the month OF June, in the year one thou
sand nine hundred and seventeen, \. d..
before ne Charles R1>cu a notary public,
duly commissioned and qualified, in and Tor
the above parish and state. therein residing.
and IN the presence Of the witnesses here
matter named and undersigned. personally
came and appeared:
The several persons. Of the full age Of
majority, whose names are hercunto sub
scribed. who declared that availing them
Selve, pf the laws Of this state IN such cases
made and provided, they do hereby form
themselves their successors and assigns, INTO
corporation under the following Articles
and StIpulatIOns, which they hereby adopt
a. their Charter. to-wit:
Article The name OF this corporation
shall be Gull Mill x Lumber Company. Inc.
Its period OF duration shall he nInety-nlne
year, from this date. SAID corporation shall
have for the purposes Of the business to be
carried On by it. all the powers conferred 10y
law upon corporations, and shall generally
exercise all the powers necessary To- carry on
said business. Said corporation shall have
full power u contract, sue and be sued III
It's corporate name; 70 make and use cor
p1rate seal. and the same 10 break or alter
At pleasure; 10 hold, receive, purchase, rent,
or otherwise acquire. and TO convey. mort
gage, hypOtheCatr, lease. sell, or pledge, or
otherwise dispose OF, property, real, persona!
and mixed; to issue bonds. notes, or other
obligations: 70 have and ploy such mana
gers, directors, officers. agents and other
employees the interest and convenience OF
the corporation may require or demand; 10
make and establish such bylaws, rules and
regulations for the management and control
OF the business and affairs OF the corpora
tion as may be deemed necessary or expe-
dent.
Article 1.-The domicilc of the corpora
ton shall he 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 Tor
which this corporation is organized and the
nature OF the business to be carried on by
il. are hereby declared TO be:
To manufacture and to buy and sell boxes,
box shocks, veneers, lumber. shingles, tim
her and logs, and all timber products, for
domestic sale OF export: and IN connection
Herewith 70 purchase. rent, or otherwise
acquire, and own and operate box factories,
veneer and saw mills. and TO construct
otherwise acquire and operate and use rail
ways, tramwayS, and all rights OF way tor
the transportation OF boxes, shocks, Veneer,
lumber, timber logs and other products; and
to purchase, rent, or otherwise acquire, and
operate, barges, steam boats, and other water
craft for the transportation OF boxes, shocks,
veneer, logs, lumber, shingles, and other tim
Der products, ana OtNeT articles, 10 blN,
rent. or otherwise acquire, timber and other
lands, and TO acquire and hold lands for the
use OF saw mills and timber yards, and to
buy or otherwise acquire timber rights on
lands; and generally TO do and perform any
and all things incidental or appertaIning to
said objects and purposes.
Article IN.-The amount OF the capital
stock OF this corporation IS hereby declared
10 be twenty-five Thousand (S2S.G0n) dollars,
consisting Of two hundred and nifty ESQ
shares Of the par value OF 500 per share.
One-half Of said amount shall be subscribed
to before the filing OF the Articles OF lncOr-
poration, Of which fifty per cent shall be paid
in cash before the corporation engages in
business. and the remainder within twelve
months. The remainder of the authorized
capital stock may be issued al any time by
the board OF directors for money or property
actually received or labor done for the cor
poration, upon such terms and conditions
he board OF directors shall deem proper.
The amount to which the capital stock may
be increased shall be one hundred thousand
tSlO0OnOOl dollars.
All transfers of stock shall he made on the
books Of the company the surrender OF
the outstanding certificate and pursuant TO
such rules the board Of directors may pre-
scribe
No stockholder shall have the right 10 sell
or otherwise dispose Of his stock without first
offering II 10 the other stockholders through
| the board Of directors for thirty days at its
| book value. for cash; and all stock shall be
/
| pledge, remembrance, or other disposition OF
| said stock shall ne made subject 10 this pro-
| vision Of the charter.
| The board OF directors shall have the power
| to receive subscriptions for and to issue all
stock hereafter subscribed for; but all such
! stock and any increase thereof must hrSt be
| offered 70 the existing holders and owners Of
| stock al the time of such issuance in proper
| tion 20 their respective holdings.
Article N.-All the powers - this corpora
ton shall be vested in and the business and
affairs OF the corporation managed by board
Of not less than three nor more than four
directors, who shall he elected annually al a
meeting Of the stockholders the third
| Monday OF June of each year. The first an
nual meeting shall he held on the third Mon
day Of June, 1918, until which time the oti
GERS and directors named in this charter shall
act or until their successors are elected and
qualified. The stockholders may at any time
remove any director and I'LL his place.
The first board Of directors 10 serve for
the first year shall consist OF: Jacob !.
Lowe. Colonial Building, Boylston Street,
Boston, Mass: Clement r. PenroSe, Pearl
River, La; David F. Dixon, 1910 Peters
Avenue. New Orleans, La: with jacob J.
Lowe a. president. and David F. Dixon a.
secretary The fourth director may at any
time he elected BY the other directors.
The officers Of this corporation shall be
president and p secretary. hut me board %
rr-t1rs may AZ any time elect and appoint
..r.l other sfI---, agents. or employees as
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