The herald. [volume] (New Orleans, La.) 1905-1953, 1917-02-08
,rd s,;nu,,tions following. to-wit:

! il shall have power and authority to have
| and enjoy corporate existence and success
sion for the full term and period of ninety
| nine years from and after the date hereof
| il shall have power and authority to con-
| tract, sue and be sued; TO make and use
a corporate seal and the same TO alter and
| break at pleasure; 10 hold, receive. lease
purchase and convey, as well as mortgage
and hypotheCate property, real, personal and
mixed, corporeal and incorporate; 10 borrow
| money and to lend money on security; &c
buy, own and hold stocks and bonds of other
corporations and to vote the same; to same
and appoint such officers, directors, mana
gers and agents as its business, interests
and convenience may require; and to make
and establish, well alter and amend
from time to time, such bylaws, rules and
regulations for the proper government OF
the affairs Of said corporation may be
necessary and proper, and to likewise do
carry on the business OF said corporation
as in the judgment OF its board OF directors
shall seem proper.
Article 1.-THE dnmicie Of said corpo-
ration shall be in the city OF New Orleans,
State Of Louisiana, and all citations and
president Of said corporation. or, in his alb
sence, upon the vice-pTeS!dcnt thereof, or,
in the absence of both of said officers, upon
the secretary OF said corporation
Article III-The objects and purposes for
which said corporation is organized and es-
tablIshed and the nature of the business 10
.e carried on by II, hereby declared 10
be:
II buy. construct. lease. and operat. saw.
mills, planning mills, lath-millS and single.
mills; to construct, acquire lease and use
railways. trdmwayS, canals and rights of
way for the transportation OF timber and
lumber and other products for the use Of its
mills and for other purposes; to buy, sell
and lease timber lands and 20 acquire lease
and hold other lands for the use OF saw
mills, planning mills. shingle-miliS and lath-
lfNrFRF IL
Tor other purposes; to buy and sell timber
rights on lands; 10 buy and sell timber
logs. lumber, shingles and other timber pro-
duets, either for domestic sale or export to
foreign countries or other states in the Unit
ed States; to acquire, lease, charter and
operate bargeS, steam boats and other water
craft for the transportation Of logs lumber
shingles and other timber products; 20 exc
cute bonds in the fuhlment of contracts or
IN the performance of their business; and
to do any and all acts incident to and
growing out Of the carrying out of any and
all OF the objects hereinabove enumerated.
Article lN.-The capital stock of said cor
Poration is hereby fixed at the sum of
twenty thousand dollars (S2OOOOOO divided
into ard represented by two hundred shares
Of stock OF the par value Of one hundred dol
lars tSlU0) each. The said stock shall be
paid for in cash, at such time, in such
amounts and after such notice 10 the sub
scrlberS as may be fixed by the board of
directors, or the same may be issued at not
actually received by said corporation
Said corporation shall become a going con.
Germ and he authorized TO do business as
soon as twelve thousand dollars of its cap
paid for
The amount to which the capital stock of
said corporation may be increased shall be
TIE The. sum OF one hundred thousand dollars
(SlC0.OOO0).
The unsubscribed or treasury stock of this
corporation or any increase of the capital
stock shall only be issued upon authority
y the board OF directors. and when issued
have the right to purchase of the treasury
stock or increased capital in proportion 10
the amount subscribed for in this charter.
Article N.-All the corporate powers of
SAID corporation shall be vested in and ex-
ercised by board Of directors. composed of
not less than five stockholders a majority
Of whom shall constitute a quorum. The
said directors shall be elected annually on
the third Monday of January in each year.
All such elections shall be held by ballot
and conducted at the Office of said corpora-l
ton. under the supervision Of three com
msSioners to be appointed by the board of
directors.
Notice Of such elections shall be given BY
the secretary Of the company by written no.
tice thereof delivered personally or by de-
POSTING the same IN the Postofhce, properly
addressed, to each stakeholder at least fif.
teen days preceding such meeting.
At all such elections and at all corporate
meetings, every StoCkholder shall be emit
tied TO one vote for each share of stock
standing in his name on the books of the
corporation, to be cast in person or bv writ
ten proxy, and it shall require a majority
Of the stock outstanding to elect.
Any vacancy among the directors bv death
resignation or otherwise, shall be filled by
election for the. remainder of the term, by
the remaining directors
A failure to elect directors on the date
a hove ed hal
poratlon nor impair its corporate manage
nent. but the directors then in Office shall
remain IN Office until their successors are
elected and qualified
, The board ole directors shall elect from
their own number a president and a vice
president They shall also elect secretary
and treasurer or one person who shall be |
hoth either of whom may or NAV not be
members of the board. They may from time |
10 time name and appoint all such officers
and agents as may be deemed necessary for |
The purpose and business of the corporation: |
hey shall have power to FIX and define the |
luties OF every officer and employee and all |
1thcers and employees shall hold Office and
employment at the pleasure of the board. |
The board may make, as well as alter and |
amend any and all bylaws. rules and reg |
llations necessary and proper in its judg- |
nent for the condact, support and manage. |
nent of the business and affairs of said cor. !
,oraton.
The board shall have full power and au-
hority TO borrow money, to execute mort. |
cages and 10 create liens; to issue bonds |
IIotes and other obligations, and generally TO |
10 al things reasonable, convenient and |
necessary Tor the proper carrying on of the |
business Of the corporation
The board may issue full paid shares of
stock for cash or in payment of labor done |
" property actually received by said cor.
'oration.
At all meetings of the board of directors.
Zach director shall have the right TO appoint |
proxy to act in his place and stead.
Article VI.-Whenever this corporation NAV
'e dissolved, either by limitation or from
my other cause, its affairs shall be liquidated
~ three commissioners to be appointed from
lmongst the stockholders at a general meet.
ng OF the stockholders convened for such
purposes, OF which meeting notice shall be
,iven IN the manner and time provided for
he stockholders meetings by Article VII |
i this charter, and three-fourths in amount
II the capital stock of the said company rem
esented at such meeting shall be REQUISITE
o elect. Said commissioners shall remain
n office until the affairs of said corporation
nail be fully liquidated. In case of the
eath Of one or more of said commissioners
he vacancy shall be filed by election by
ne surviving commissioners.
Article VIL-This act of incorporation NAV
e modified. changed or altered, or said cor.
orat'on may be dissolved or the capital
took may be altered in accordance with
aw, at a meeting of the stockhoIders cafIed
or that purpose, after notice shall have been
lyen by written notice to each stockholder. |
ellVered TO him personally or mailed to |
I'm at the post-office address designated bv
I'M In writing at least fifteen DAVIS prior
D the date of the meeting
Article VIII-No stakeholder shall eyer
maple for the contracts. faults or debts
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