The herald. [volume] (New Orleans, La.) 1905-1953, 1917-12-06
CHARTERS.

| ing of the Board, meeting attended by
ali the members of the Board of Directors,
| such resolution being adopted in advance OF
the pledge or hypothecation.
| Article Vail the powers of this corpo-
| ration shall be vested in and be exercised
| by Board Of not less than three 90 nor
more than seven % directors, determined
in advance each year by the stockholders
at the annual meeting Each director shall
| be bona-hde stockholder, and shall own
at all times One % full paid, non-pledged
| share of stock. The hrst Board OF DITec-
torS shall consist OF:
Edward K. Braud, Nicholson, Mississippi;
John 1. Clolinger, Nicholson, Mississippi,
inomas b. Mooley, 755 UHion St, New Or
ST., New Orleans, La; Byrd W. Mobley,
| Nicholson, Mississippi.
The first officers OF the corporation, with
their addresses, are as follows;
| Edward X. BTaud, Nicholson, Mississippi
who shall be President.
John T. Clolinger, Nicholson, Mississippi,
who shall be Vice-President.
Thomas b. Mobley, New Orleans, Louisi
ana, who shall be Secretary.
Clark W. Storrs, New Orleans, Louisiana,
| who shall be Treasurer.
The above Board of Directors shall hold
office until the first annual meeting in Feb
! ruary, 1913, or until their successors are
elected and qualified Each succeeding board
shall continue to hold office for one u
year or until their successors are elected and
qualified. The persons to be hereafter elect
ed directors lOT subsequent years SndIl SelSCL
from their own number, President, Vice
President, Secretary and Treasurer. The
Board OF Directors may from time to time,
and as the business of the corporation may
dictate, combine any two of the above Off
GERS in one and the same person
On the second Tuesday of February OF
each year, unless the same should fall on a
legal holiday, then upon the next following
lay day, the stockholders shall elect board
of directors for the ensuing year. The board
of directors we'll as the officers already
installed shall continue in Office until their
successors are elected and qualified The
election of directors shall be by ballot and
the persons receiving the majority of votes
cast shall be declared elected. For electing
directors, or for any other purpose each share
of stock shall be entitled to one vote, wheth.
er present or by proxy, but no fractional
share of stock shall be entitled to vote. A
majority OF the directors voting at any
one time, in person or by proxy, shall be
required to pass any resolutions adopt
any bylaw, and which, when SO adopted,
shall be come valid, corporate acts. In case
of vacancy on the Board among the off,
GERS from any cause the remaining members
of the Board shall have the power to fill such
vacancy. Said Board of Directors shall have
the power to enact such bylaws, rules and
regulations as, in their opinion, may be nee
esSary and proper for the management, oper-
alton and control OF the business of said
corporation.
Article VI.-Notice of all meetings of
stockholders held for the election of direc-
tors, or for any other purpose, shall be given
in writing by the Secretary and may be
| served personally deposited in the mail
addressed fifteen Q9 days before such meet
| ing is held, and directed to each stakeholder
at his last known address, the same shall
appear upon the books of the corporation,
all of the stockholders appearing upon the
| books. At all meetings Of stockholders a
| majority Of the votes cast shall be sufficient
to elect and decide all questions voted upon,
| except for the alteration, amendment or the
dissolution of the corporation
| Article VII.-This act of Incorporation may
| be altered, amended, modified, or the cor
| poration dissolved by a vote of two-thirds
IN amount OF the capital stock represented at
a general meeting of the stockholders, called
| for that purpose, after notice provided in
| Article vi of this charter; and in case of
| dissolution of the corporation the stockhold-
ers at such meeting shall elect three 90
| Liquidating Commissioners, who shall have
| entire charge of such liquidation, with au-
| thority to sell and dispose of the assets Of
| the corporation, and to fill vacancies occur
| ring in their number.
Article VIII-No stockholders shall ever
be held liable or responsible for the con-
| tracts or faults of the corporation, in any
further sum- than the unpaid balance due the
corporation on the shares owned by him,
nor shall any informality in organiza-
ticn have the effect of rendering this char
ter null, exposing a stakeholder to any
liability beyond the amount of his unpaid
stock
Thus done and passed at my Office in the
City of New Orleans the day, month and
year first hereinbefore written, in the pres
ence of Frances Eisler and Roy Willie, COM
petent witnesses, who hereunto sign their
names together with said appearers, and me,
the notary, after reading of the whole.
Original is Signed: E. R. Braud, Nichol-
son. Miss, ~ shares; T. B.. Mobley, New
Orleans, 73S Union, One share ~; ]. T.
Ololinger, Nicholson, Miss, one share %;
c. w. Storrs, New Orleans, La, 3427 Hamp-
son St, One share "a.
Witnesses: F. Eiser. Roy Willie.
CHAS. F. FLETCHINGER, Not Pub
I, the undersigned, Recorder of Mortgages
in and for the Parish Of Orleans, State Of
Louisiana, hereby certify that the above and
foregoing Act of Incorporation of Braud
Hardwood Lumber Co.. Inc. was this day
duly recorded in my Office in Book 1912, TO-
+: New Orleans. La. Nov. 26. 1917
I (Signed EMILE J. LEONARD, D. R.
True Copy.
I CHAS R. FLETCHINGER, Not. Pub.
| Nov % Dec Ian