The herald., 1917-12-20
ACT OF INCORPORATION

ACT OF INCORPORATION
OF BRAUD HARDWOOD LUMBER CO.,
INC.
State of Louisiana, Parish of Orleans, City
of New Orleans.
Be II known, That on this, the 10th day
OF the month of November, 1917, and of the
independence of the United States of Amer
lea the one hundred and forty-second, before
me, Charles f. Fletchinger, a notary public
duly commissioned and qualified in and for
the city, parish and state aforesaid, therein
residing, and in the presence of the wit
nesses hereinafter named and undersigned,
personally came and appeared the several
persons whose names are hereunto subscribed,
who declared that, avalllng themselves of
the provisions Of the laws of this State rel
alive to the formation and organization of
corporations, they have covenanted and
agreed, and do, by these presents, covenant,
agree and bind themselves, as well as those
who may hereafter become associated with
them, to form themselves into corporation
for the objects and purposes, with the name
and under the stipulations following, to-wit:
Article 1.-The name and style of this cor
poration shall be Braud Hardwood Lumber
Co., Inc, and by said corporate name it
shall have and enjoy successionsan exist
less sooner dissolved, and shall have all the
rights, privileges and immunities which are
now may hereafter be granted by law TO
corporations of the same kind and character,
and under said corporate name It shall have
the power and authority to contract, sue and
be sued, to make and use corporate seal,
the same TO break or alter a: pleasure, and
to make all necessary rules and regulations
for its corporate management and control.
Article 1.-THE domicile of this corpora
ton shall be in the City of New Orleans,
Parish of Orleans, State of Louisiana, and
citation and other legal processes shall be
served upon the Secretary, or in case of his
absence or inability to act, upon any other
officer of the corporation.
Article III.-The objects and purposes for
which this corporation is organized and the
nature of the business to be carried on by
it, are hereby declared to be: TO manufacture
hardwood and other lumber, and the products
thereof; to buy and sell timber, timber lands,
lumbs~ and other forest products; to acquire
by purchase or otherwise, and to own and
operate, saw mills, planning mills, and other
manufacturing plants germane to its busi-
ness; to acquire by purchase or otherwise,
and to own and operate logging roads, tram
ways, skidders, tug boats, barges and other
water craft in connection with its said busi-
ness, but not as common carrier; to own
and operate commissaries for the sale by
retail and to do and perform all such acts
and things connected with or appertaining
to the manufacture and sale of lumber and
other wood products may be ger
name to the objects and purposes above ex-
pressed.
Article IV.-The capital stock of this cor
poration is hereby fixed at the sum of FIVE
thousand $4,000 dollars, divided into fifty
{50) shares of the par value of One Hundred
(SlOO Dollars each, all of which shall be
common stock, and the amount to which the
capital stock may be increased is hereby
fixed at the sum of fifty thousand (50.0O0J
Dollars; the said stock shall be issued only
for cash or in payment of property or SER
vices actually received by. or rendered to
said corporation; said stock shall be fully
paid for at the time of its issuance and
thereafter be worcestershire.
This corporation shall commence business
and become a going concern as soon as the
of capital stock shall have been subscribed
and paid for.
The parties to this act hereby declare that
they subscribe for the number of shares of
the capital stock of said corporation, set OPP
posite their respective signatures hereto, so
that this act of incorporation shall serve as
the original subscription.
Edward r. Braud, one of the said sub
scribers to the extent of Forty-seven shares
of the capital stock of said corporation. in
scription, does hereby convey, transfer, as
sign and set over and deliver to this cor
poration all of his right title and interest
in and to those two certain timber contracts
described as follows:
First. All the right claims, title and in
terest acquired by E. R. Braud from c. F:
Borah in and to that certain contract dated
October IL, 1916, between w. HI. Slaydon,
of the first part, and A G. Little of the
second part, the interest of the said A. G.
Little in said contract being assigned by the
Nicholson Lumber & Manufacturing Co, on
on March 16, 1917, and the interest of the
Nicholson Lumber & Manufacturing Co. be.
ing conveyed to Chas. F. Borah, ON April
tilted copy of the original contract, were
recorded on April II, 1917, in Conveyance
Book 50, p. All, on the records of the Parish
of St. Tammany, La. -,
Second: All the right, title, claim and
interest of the said E. R. Braud in and to
that certain contract dated Oct. 20, 1916
between A. G. Little and J. T. Coney, J.
S. Sexton and George w. Covington, the
rights to which contract have by various
assignments passed unto the said Z; X
Braud the original contract being fled fol-
recordation in the Office of w. E. Blosman
by. Clerk and Ex-oficio Recorder. at Gov.
ington, on March 9, 1917; said contract COW
ering timber on what is known as the "Ha
zlehurst Tract"
The said Edward R. Braud, John T. Clo
linger, Thomas D. Mobley, Clark w. Storrs
and Byrd II. Mobley compose all the mem
bers OF fhe Board of Directors of this cor
poration in accordance with the require
ments of the law, and particularly Act No
267 Of 1914, of the Legislature Of the State
Of Louisiana, hereby value and aPpraise thu
right, title and interest of the said Edward
R. Brand in and to the timber contract.
aforesaid at the sum of Forty-seven hundred
tS@,IUuJ DOildfs.
No present or future stakeholder Of thi:
corporation shall ever sell, assign or trans
fer, other than by inheritance, any of tht
capital stock of this corporation until tht
same shall have been first offered to thu
remaining stockholders for the benefit o.
those stockholders who may desire to pur
chase the same through the Board of Direc
tors, for a period of ten days. at the bool
value of such stock as shown by the books
of the corporation, on the 31st day of De
cember, preceding the date of such offer. i
shall be the duty of the Board Of Directors
promptly upon receiving an offer of sale O
any Of the capital stock of this corporation
20 communicate the same to the stockholders
in writing, through the Secretary Of tn,
Company, and each of the said stockholder'
shall be entitled to purchase such proportion
Of the stock so offered for sale as the mum
Der of shares owned by him, bears to tn,
number of shares owned by all other stock
holders deiring to participate in the pur
shares. No sale under foreclosure, attachment
or other process. or by virtue of any powe
of attorney, pledge or hypothecation, shall b
validly made until the foregoing require
ments have been complied with BY the per
son or persons, firm or corporation provoking
such foreclosure or sale. The Board of Di
rectors shall have authority, however, 4
waive the above requirements as to any par
ticular hypothccation or pledge OF stock b,