The herald., 1917-01-11
CHARTER
)F CENTRAL LAND AND TIMBER CO
INC.

OF CENTRAL LAND AND TIMBER CO,
United States u America. State Of Louisiana,
Parish O.! Orleans, City Of New Orleans.
Re :, known and remembered that on this
2nd day OF the, month OF January IN the
year OF our Lord one thousand nine hundred
and seventeen. and Of the independence Of the
United States Of America the one hundred
and forty-frst, before me, George Janvler,
a notary public duly commissioned sworn G
and qualified IN and for the parish OF Or
leans. State Of Louisiana. and in the pres
ence Of the witnesses hereinafter named and
undersigned, personally came and appeared
The several persons whose names are here
unto subscribed, who declared that. avail
ing themselves OF the laws Of the State %
Louisiana in such cases made and provided
and particularly Of the provisions OF Act
No. 267 Of the acts OF the General Assem-
bly, OF the State OF Louisiana for the year
1914. they have covenanted and agreed and
do by these presents covenant and agree
and bind themselves, as well as all such
with them, to form corporation for the OBJ
jects and purposes and under the articles
and stipulations following, to-wit:
Article The name and style of this cor
poration shall be Central Land and Timber
Co.. Inc. and under its said corporate name
and enjoy corporate existence and success
sion for the full term and period OF ninety
nine years from and after the date hereof;
il shall have power and authority 10 con-
tract, sue and be sued TO make and use
corporate seal and the same TO alter and
break at pleasure; to hold, receive, lease,
purchase and convey, as well as mortgage
and hypothecate property. real, personal and
mixed. corporeal and incorporeal; to borrow
money and to lend money security; 10
buy. own and hold stocks and bonds Of other
corporations and 70 vote the same; to same
and appoint such officers, directors, mana
gers and agents as its business, interests
and convenience may require; and to make
and establish, as well as alter and amend.
from. time to time such bylaws, rules and
regulations for the proper government Of
the affairs OF said corporation as may be
necessary and proper, and TO likewise do
| and perform any and all acts necessary TO
carry on the business Of said corporation
as in the judgment of its board Of directors
shall seem proper.
Article 1.-THE domcile Of said corpo-
! ration shall be in the city OF New Orleans:
State of Louisiana, and all citations and
: other legal process shall be served on the
president OF said corporation, or, in his alb
sence. upon the vice-president thereof, or,
in the absence OF both of said officers, upon
the secretary OF said corporation.
Article lII.-The objects and purposes for
which said corporation is organized and es-
tablished and the nature of the business 70
be carried on by it, are hereby declared to
To buy. construct, lease, and operate saw
| mills; TO construct, acquire, lease and use
! railways, tramways, canals and rights OF
way for the transportation OF timber and
| lumber and other products for the use Of It's
| mills and for other purposes; 10 buy, sell
| and lease timber lands and 20 acquire, lease
and hold other lands for the use of saw
mills planning mills, shingle-mils and lath
mills lumber yards and timber yards, and
| rights on lands; TO buy and sell timber
logs. lumber shingles and other timber pro
| ducts, either for domestic sale export tC
| foreign countries other states in the Unit
| ed States; 10 acquire, lease, charter and
| operate barges, steam boats and other water
| craft for the transportation of logs, lumber
| shingles and other timber products; to exc
| cute bonds in the fulflment of contracts Of
TO do any and all acts incident to anC
| growing out OF the carrying out OF any and
| all Of the objects hereinabove enumerated
| Article 1N.-The capital stock of said cor
poration is hereby fixed at the sum o
! twenty thousand dollars (s30,OOOOO divided
! into and represented by two hundred shares
| Of stock Of the par value OF one hundred dol
| lars $4,000 each. The said stock shall b,
| amounts and after such notice TO the sub
scribers as may be fixed by the board o
directors, or the same may be issued at no
less than par for labor done or propert,
actually received by said corporation.
Said corporation shall become a going con
| Germ and be authorized 10 do business a.
| soon as twelve thousand dollars of its cap
ital stock shall have been subscribed ant
paid for.
TIE amount 10 which the capital stock 0
| said corporation may be increased shall b.
the sum of one hundred thousand dollar
| 100000.
The unsubscribed or treasury stock of thi
corporation or any increase Of the capita
stock shall only be issued upon authorit,
Of the board OF directors, and when issue
the original subscribers Of this charter shall
have the right to purchase of the treasur
stock or increased capital in proportion :
the amount subscribed for in this charter
Article V.-All the corporate powers O
| said corporation shall be vested in and ex
ercised by a board Of directors, composed q
not less than FIVE stockholders, a majorit
Of whom shall constitute a quorum. Tn
said directors shall be elected annually o
the third Monday Of January in each yea
All such elections shall be held by ballC
J and conducted a, the Office Of said corpor;
ton. under The supervision Of three con
missioners 70 be appointed by the board {
| directors.
Notice q sues -e''on' shall be given b
the secretary 81 n. company by written n
tce thereof delivered personally or by d