The herald. [volume] (New Orleans, La.) 1905-1953, 1917-04-05
REMEDIAL RATES
4 Remedy for the EIurbifant
Interest Charged
OF THE JAS HAND LUMBER COMPANY
INCORPORATED

| United States oi America. STATE Of Louis
lana, Parish Of Orleans.
BE .; known tina, on th's Sth day OF the
month Of March. in the yea- OF our Lord,
one thousand nine hundred and seventeen
l9ED; before me, Watts X Leverich,
Notary Public in and f5- the Parish Of Or.
leans, State u Louisiana, duly commits sioned
and qualified. and in the presence Of the
witnesses hereinafter named and unders gned,
personally came and appeared the severa!
persons whose names are hereunto subscribed,
all u the age Of majority. who declared that.
awaiting themselves Of the provisions OF the
laws II TIN, State relative to the organlza-
zion ot corporations, they hereby form them
selves into and constitute a corporation Tor
the objects and purposes, and under the stip-
ulatIons hereinafter set forth
Article The name and title OF this cor
po-a;Ion shall be Jas. Hand Lumber Company
incorporated, and under its said corporate
name. II shall enjoy succession for the full
term and period ninety-nine (99) years
from and after the date hereof, and shall
1ave power and authority 10 contract, sue and
be sued; 10 accept and receive mortgages,
| pledges or other hyPotlecations; 70 make and
use q corporate seal, and the same TO break
or a!te- at pleasure: TO purchase, receive,
| as well as mortgage and hypothecate under
| ITS corporate name property both real and
make and issue bonds and other evidences
| o; debt, and 70 secure the same by mortgage
| or otherwise; to name and appoint such man
| ayers and directors. officers and agents, as
/
| ton may require; and 10 make and establish,
| a well as alter and amend at pleasure, such
| bylaws, rules and regulations for the manage
ment and regulations OF the affairs OF the
| corporation may be necessary, proper or
| convenient
Article 1.-THE domicile of this corpora
| ;'on shall be in the city OF .>ew Orleans, and
| all citations or other legal process shall be
| served upon the president OF the corporation,
| or in his absence. upon the Nice-President.
| Article III.-The objects and purposes for
which this corporation IS established, and the
| nature Of the business 10 be carried on bv it.
are declared and specified to be: to purchase,
own. hold sell, mortgage, lease and ALLEVIATE,
| receive, acquire and deal in real estate, tim
| her lands timber. or any interests therein;
! 10 engage in logging operations; 70 operate
| and maintain sawmills plants or factories
wherein wood, logs and timber are nanufac-
tured altered or worked; to buy, sell, export,
| import, otherwise deal in. all sorts Of tim
! Der and lumber products; 20 extract turpen-
tine, and to operate turpentIne stills and
/ deal in turpentine and turpentine products; to
construct and operate tramroads in connec-
! ton with and TO facilitate its logging opera
| tions; to acquire, lease, construct and operate
| warehouses, sheds, storerooms and lumber
yards 10 buy and sell merchandise; to carry
| or a general store or commissary; 10 conduct
| hotels. boarding houses and lodging houses;
| and generally TO DO and transact all business
properly connected with, incidental or con-
venient to any ef the aforesaid objects and
purposes.
corporation is hereby fixed at Twenty.
ed into and represented by. two hun
value of one hundred $4,000 dollars
each. which shall be paid for il cash. This
| capital stock may be increased to the sum Of
One Hundred Thousand tslo,om0O Dollars.
All stock shall be transferable only upon
the books of the company and in accordance
! with its bylaws and regulations.
Article V-An the powers of this corpora
| tion shall be vested in and exercised by
and not less than three () directors. who
| shall elect from their number a President, a
Vice. President and a Secretary. The said
board of directors shall be elected annually
on the second Monday OF each year, the
first election 10 be held in the year 1913
All such elections shall be by ballot, at the
office Of the corporation. Notice Of annual
stockholders, shall be given by written notice
mailed ten days in advance of the date fixed
for such meeting to each stockholder appear
ing as such on the books of the company, at
his last designated address, or at the general
delivery at New Orleans, if he has not desig-
mated an address. Each shareholder is emit
tied to vote for 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 hll all vacancies which may occur on the
board, even though no quorum remain az the
time such vacancies to be hlled. Failure
! to elect directors the day above specified
!. shall not dissolve the corporation, but the
officers then in Office shall remain in Office
until their successors are elected. The di'
rectors may elect such other officers as they
deem necessary or convenient for the carrying
on OF the oompany's business, and shall have
! power to unite two or more Offices and to con-
fer the same upon one person, or 10 dispense
with any Office in their discretion. The
board Of directors shall also have power to
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
its charter. Two ~ directors shall consti-
tute quorum for the transaction Of business.
The board shall have power, without referring
TO the stockholders, TO 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 for the
po-ation. AT 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
either general or special, Of such absent d-
rector. Until the annual meeting in 1918, the
board Of directors shall consist OF the follow
| ing
Jas. Hand whose pOstofice address is Pur-
Wis, Miss; {. L. Spotswood, whose postofice
address is Purvis, Miss; Horace Shepard,
whose postofhce ADDRESS IS olO whitney Cen
ira! Building, New Orleans, La, with Jas
Hand as President, Horace Shepard as Vice
President, and c. l. Spotswood as Secretary
Article VL-This act of Incorporation may
be modified, changed or amended, or this
corporation may be dissolved in the manner
provided by law, by a vote of two-thirds
(2-0 of the entire outstanding capital stock
| Of all classes, present or represented, at a
general meeting Of the stockholders convened
| for such purpose, after a previous notice shall
| have been given in the manner above required
10 be given Of the annual meeting Of the cor
poration. The capital stock of the corpora
| tion 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 (3) commissioners, to be appointed