The herald. [volume] (New Orleans, La.) 1905-1953, 1917-07-12
CHARTER
OF GULF MILL 4 LUMBER COMPANY
INC.


OF GULF MILL 4 LUMBER COMPANY,
INC
United STATE. II America. State oj Louisiana,
Parish Of O-,rlas C.:y %: New Orleans.
BE II known, That oH ;hIs twenty ms, day
If the month .; June, in the wear one thou
before ne, Charles Ro~eu. notary public,
duly commissioned and qualified. N and :o-
the above parish and STAKE. therein residing,
and IN the presence of the witnesses here
matter named and Undersigned, personally
came and appeared:
The several persons. o; the iui! age OF
majority, whose names are hertuu'D sub
scrihed who declared that awaiting chem
selves OF 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 siipulationS. which they hereby adopt
Article The name Of this corporation
shall be Gulf Mil < Lumber Company, Inc
Its period OF duration shall be ninety nine
years from this date. Said corporation shall
have Tor the purposes OF the business TO be
carried on by il, all the powers conferred by
law upon corporations, and shall generally
exercise all the powers necessary to carry on
said business. Said corporation shall have
full power to contract, sue and be sued IN
its corporate name; 70 make and use cor
porate SEAL and the same TO break or alter
at pleasure; to hold, receive, purchase, rent,
or otherwise acquire, and 20 convey, mort
otherwise dispose Of, property, real, personal
and mixed; 10 issue bonds. notes, or other
obligations; TO have and employ such mana
gers. directors, officers, agents and other
employees as 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
non as may be deemed necessary or expe-
dent
Article 1.-THE domicile Of the corpora
ton shall be in the City OF New Orleans,
State OF Louisiana; and all citation and
other legal process shall be served the
president. and in his absence or disability
upon the secretary
Article lII.-The objects and purposes FOR
which this corporation Is organized and the
nature Of the business 10 be carried on by
II, are hereby declared 10 be:
To manufacture and to buy and sell boxes,
box shocks, veneeTS, lumber, shingles, tim
her and logs. and all timber products, for
domestic sale or export; and IN connection
Herewith to purchase, rent, or otherwi sc
acquire and own and operate box factories,
veneer and mills, and 10 construct or
otherwise acquire and operate and use ral!-
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
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 70 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 declar
to be twenty-five thousand GS15GOool dollars,
| consisting of sNo hundred and fifty C25O)
| 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 nifty per cent shall be paid
| in cash before the corporation engages II
| business, and the remainder within twelve
| months. The remainder of the authorized
| capital stock may be issued at 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 a
| the board OF directors shall deem proper.
| The amount to which the capital stock ma!
be increased shall be one hundred THOUSAND
| CSl00mm dollars.
| All transfers of stock shall be made on tn
books OF the company on the surrender o
the outstanding certificate and pursuant
such rules as the board OF directors may pre-
scribe.
No stakeholder shall have the right TO Sc
or otherwise dispose OF his stock without FRS
| Offering it TO the other stockholders thrOug
the board OF directors for thirty days al II
book value, for cash; and all stock shall B
|
| pledge. encumbrance, or other disposition {
said stock shall be made subject to this pr
vision Of the charter.
The board Of directors shall have the powe
to receive subscriptions for and TO issue
| stock hereafter subscribed for; but all sue
| stock and any increase thereof must first
offered to the existing holders and owners {
stock at the time OF such issuance in proper
ton to their respective holdings.
| Article N.-All the powers OF this corpora
| ., cba1l he cd IN
affairs OF the corporation managed by boar
Of not less than three nor more than fou
directors. who shall be elected annually at
meeting OF the stockholders the thir
Monday Of June Of each year. The first an
nual meeting shall be held on the third Mon
dav Of June, 1918, until which time the of
GERS and directors named IN this charter shal
act. or until their successors are elected an
qualified The stockholders NAV at any tim
remove any director and fill his place.
| The first board Of directors 70 serve. 70
| the first wear shall consist OF: Jacob
Lowe. Colonial Building, Boylston Street
Boston, Mass; Clement B. Penrose, Pear
| River. La; David F. Dixon, l2l9 Peter
Avenue, New Orleans. La; with Jacob
Lowe as president, and David F. Dixon a
secretary. The fourth director may at an
time be elected by the other directors.
The officers Of this corporation shall be
,-esident and a secretary; but the board o
directors may az any time elect and appoin
such other officers, agents, or employees a
they desire and determine their duties; an
NAV at any time combine the Office OF sec
retarv with that Of treasurer under the ttl
of secretary-treasurer. The secretary, or IN
| secre.ary-treasurer, as the case may be, nee
not be a member OF the board.
!, All elections shall be by ballot at the o
fee of the company under the supervision
two commissioners 20 be appointed by II
, board Of directors. Natioe Of such meetini
shall be given by the secretary in writr
, and delivered 10 each stockholder in pers1
! or mailed TO his last known address at lea