The herald., 1917-01-18

make and use a corporate seal; and the same
10 break or alter at pleasure; to hold, receive,
purchase, convey mortgage hypothecate or
pledge property, both real and personal; to
issue bonds notes and other obligations or
NEGOTIABLE instruments; TO have and employ
such managers, directors, officers, agents and
other employees as the interest and conve-
rience Of said corporation may require or
demand; 10 make and establish such by
laws, rules and regulations for the corporate
MANAGEMENT and control of the affairs of
the corporation as may be deemed necessary
and expedient
Article 1.-THE domicile Of said corpora
ton shall be established in the City of New
Orleans. State of Louisiana, and all citations
ard other legal process shall be served on
he president; in his absence. on the Secre-
tary: and in the absence OF both, on the
treasurer.
Article III-The objects and purposes for
which this corporation IS organized and the
nature Of the business II be carried on by
:; are hereby declared to be: to buy, sell and
deal IN, for its own account, or on commits
sion. logs, lumber and other building ma
terials; and generally to. engage IN and carry
on any other business or enterprise which
may be germane or incidental to. or con-
rected with, the purposes hereinabove set
forth ny contemplated BY this charter.
Article IN.-Ihe capital stock Of this cor
poatIon j. hxed AZ the sum Of fifteen thou
sand Gl5nn~ dollars, divided into one
hundred and nifty shares Of the par va.uc
IF one hundred dollars each. All shares OF
stock shall be iull-paid and n)n-aNsessable.
No transfer II stock shall be binding upon
The corporation unless made upon IT'S books.
and all certificate Of stock shall be signed
by such officers as may be designated by the
board Of directors.
This corporation shall have the right 10
increase lis capital stock 10 the further sum
IF TWENTY-FIVE thousand dollars TO be divided
int, shares of one hundred dollars each pro-
viied said increase in the capital stock shall
have been authorized by the stockholders
at a meeting 70 be held pursuant 10 the pro
visions Of Article V Of this charter.
Article N-All the corporate powers Of the
company shall be vested in, and the man
agemcnt ard control Of its affairs shall be
eNcrsscd by a board of directors composed
Of three stockholders, the membership of
winch may be increased T. a number not
exceeding five by the board Of directors at
any Of ITS regular meetings. y majority Of
The directors shall constitute 4 quorum for
the transaction Of all business The direc-
tors shall he elected annually by ballot on
the NTH day IN January IN each year Each
Stockhpder shall be entitled. in person or
by proxy. 20 a vote for every share owned
by him, and all elections shall he held under
such rules and regulations as may be deter
mined 10y the board Of directors, after fifteen
days notice by mail of such election shall
have been sent TO each stakeholder at his
last known address. The directors thus
elected shall continue in office for one year.
or until their successors shall have been dulv
elected and qualified. No failure to elect
shall be regarded as a forfeiture Of this char
tGr. Any vacancy occurring on said board
snail he hlled by the remaining directors
tor the uneNpired term: the said board shall
likewise elect the additional members in
case they should determine TO increase the
number Of said board. Said board Of direc.
tors shall at its first meeting after its cleo
non, nominate out OF its number, a presi-
dent, and secretary and a treasurer Said
board shall have the right to appoirt and
DISMISS such clerks. managers and other EN-.
ployeeS OF the corporation as conditions NAV
Justify or the business Of the corporation may
require. The tenure Of Office Of ali he
employees of the corporation shall be during
the pleasure of the board of directors. ANY
OF the directors or officers shall have the
night to appoint, by written instrument an.
other director or stakeholder to act as his
proxy and in his stead az anv and all meet.
ings Of the board Of directors
Article Vino stakeholder shall ever be
held liable or responsible for the contracts.
faults or debts OF said corporation, nor shall
any mere informality in its organization
have the effect Of rendering this charter null.
or OF exposing a stOckholder to any liability
beyond the unpaid balance due on the shares
owned by him.
Article NII-This act Of Incorporation NAV
ne changed, modified or altered, or this cor
poratlon may be dissolved. with the assent Of
the Stockholders owning two-thirds of all the
STOCK OF the corporation, at a general meet
ing convened for that purpose, and after at
.''''' 'OA udNS written notice OF this
ing has been given through mail. addressed
to each stakeholder, at his last known Mace
OF residence In case Of dissolution by the
expiration OF this charter or otherwise, the
>toCkhoIders shall elect three liquidators from
among their number. to lquidate and set.Ie
the business and affairs of the company. In
case OF death disability of any one ~
SAID commissioners or liquidators. the sur
a successor to him. The said 1io,,Jato-s
,haIl have full power to settle said comnanv's
debts, and divide the remaining money and
property among the stockholders They shall
also nave power TO meet and act under the
bylaws OF the corporation and under reqr.
latonS to be made by n majority Of s9iJ
liqudators; to fix the price and prescrihe
sne terms OF sale OF said property and the
manner IN which the sale shall be made, and
10 take notes and bonds. secured bv mort
gage or otherwise. for part of the purchase
price Tor all or any part of said property
PROVIDED; however, that the rights herein
conferred upon the liquidators NAV be mod.
med, changed or denied by a majority Of The
shareS or the capital stock of the cornora
ton. The said liquidators shall have author.
ny 10 sue TOR and recover the debts and
property IN me name of the corporation, and
may be sued by the same name. and ,bev
snail he liable in soido to anv creditor or
Stockholder for the monies and pronertv NJ
Inc ne corporation which shall come into their
nands or possession liquidators and for
me proper application and distribution there.
Article VIII.-M. Aronson. r7r1 co,,.t,
frank,in street, New Orleans, La. has sub
ocr,bed to fifty shares: Lazard d, SokoIstv
Ig4 Pension street. New Orleans. La, has
Suos S11E to fifty shares: and Harry Sing,
has subscribed to fifty shares. -'l''
Article IX.-.Until the election TO be held
On on me nth day in January, 1918. the follow
tors VIZ: Lazard d. Sokolskv. NJ. Aronson
ana Harry Singer, with the said Iazard n
Sokolsky as president; the said NJ, Aro1enr
as treasurer, and the said Harry Singer as
Thus done and passed in my Office, on the
day, month and wear first above written in
tne, presence of Frank r. Twomev and To.
SSeph i. Weiss, competent witnesses. Who
have signed with the appearers and me me.
notary after reading the whole.
Original Signed: NJ Aronson. 50 shares
l5H ,. Franklin St; L. d. SokoIskv1 81
shares, 2704 Pension St; Harry SINCE so
]. L. Weiss. "O''eS'
FELlN J. DREYFOUS. Not. Pub.
|, the undersigned recorder of mortgages
Tor the parish of Orleans, do hereby certify
that the above and foregoing act of incorpo-
ration of the Dixie Lumber Co, Inc. was
I'M; DAY lay duly recorded in my Office in book
New Orleans, December %. 1916
(Signe0 EMILE J. LEONARD, by. R.
A true copy from the original act
FELIX J. DREYFOUS, Not. Pub.
(SEALO 2O4 Carondelet Street.
jan II IS 25 feb 8
CHARTER