The herald. [volume] (New Orleans, La.) 1905-1953, 1917-03-15
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each. which shall be paid for in cash This
capital stock may he increased 70 the sum o.
one Hundred Thousand lSlO0OO0) Dollars.
All stock shall be transferable only upon
he books OF the company and IN accordance
WIKI II, bylaws and regulations.
Article N.-Al the powers OF this corpora
tiou shall be vested in and exercised by
t'oard composed oi nOt more than i've %
and Not less ;hau three 90 directors, who
shall elect from their number President,
Vice President and 4 Secretary. The sad
board Of directors shall be elected annually
on the second Monday Of each year, the
first election TO be held IN the year us,
All such election, shall be by ballot, at the
/ ottce Of the corporation. Notice OF annua!
meetings. A. we'll a. Of special meetings OF
stockholders. shall be given by written notice
nailed ten day, IN advance OF the date fixed
Tor such meeting 10 each Stockhp!heT appear
| ing As such on the books Of the company, al
his last esiguated address, or al the general
/ delivery Al New Orleans. II he has not deSl2-
| rated an address Each shareholder : emit
/ lied 70 one vote Tor each share Of stock stand
/ ins in his name on the books Of the Company.
/ said vote - be cast in person or by proxy,
{ md the majority % votes cast shall elect.
! The board 81 directors shall have the power
/ 20 fill all vacancies which may occur on the
/ board, even though no quorum remain az the
| time such vacancies are to be rlled. Failure
20 elect directors on the day above speclhed
| shall not dissolve the corporation, but the
officers then in office shall remain in Office
until their successors are elected. The dl-
! ~ectorS may elect such other otncerS as they
deem necessary Or convenient Tor the CARVING
on OF the Companys business, and shall nave
| power to unite two or more offices and 70 con-
| fer the same upon one person, or 70 dispense
with any office IN their discretion. Inc
board Of directors shall also have power 10
make and establish, well as alter and
amend all bylaws, rules and regulations
necessary and proper for the support and
management Of the affairs and business OF
the corporation, and not inconsistent with
its charter. Two t0 directors shall conStI-
ute a quorum for the transaction Of business
The board shall have power. without referring
20 thc stockholders. to borrow money, execute
mortgages issue notes, pledges. bonds OF
other obligations, in such amounts and on
such terms as in their judgment may be ad
vantageou>, and generally TO do all thing
reasonably necessary or convenient for the
proper carrying on Of the business Of the cor
! poratlon. At any meeting OF the board OF
directors any director absent from the meet
ing may be represented by any other di
| rector, who may cast the vote of the absent
| director according 10 the written instructions
, either general or special. of such absent dI
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; c. l.. Sp2tswood whose postotfcS
address is Purvis. Miss; Horace Shepard
trail Building, New Orleans. La, with Jas
E Hand as President, Horace Shepard as Vice
b. President, and {. l.. SpotSwood as Secretary
be AF m6dfed eba6gsa OF amended or 5
corporation may be dissolved in the manne
provided by law, BY vote of two-third
l2-0 of the entire outstanding capital stoc
: | of all classes, present or represented, at
S | general meeting OF the stockholders convene
I for such purpose, after previous notice sha
II have been given in the manner above require
V to be given Of the annual meeting OF the Co
c poratOn. The capital stock OF the corpora
/ ton may be increased or decreased by pr
ceedngs in accordance with the laws OF Il
d State OF Louisiana.
Article VII.-If this corporation shall
dissolved either by limitation or from al
other cause, its affairs shall be liquidatt
by three (0 commissioners, to be appointt
= at the meeting of the stockholders Conven,
-. for the purpose of liquidation, and 10
T. elected by the vote OF all the stockholde
voting upon a parity. Said liquidators shs
$ remain in office until the affairs OF said &C
poration shall have been fully settled al
ne lquidated. and they shall have full pow
d, and authority to transfer and give title
en- all the property and assets of the corporatio
and to distribute the proceeds. In case
'r, the death, disability or resignation OF o
ed or more liquidatOrs, the vacancy shall
ne filled by the survivor or survivors.
ID, Article NIII-No stakeholder shall ever
al held liable or responsible for the contra'
ID, or faults of said corporation in any furth
at, sum than the unpaid balance due
he shares of stock owned by him, nor shall a
"a mere informality in organization have
M effect Of rendering this charter null, or
TOR exposing any stockhdlder to any liabil
lp- beyond the amount due on his stock.
Thus done and passed at my office. in
Or City OF New Orleans, on the day, month a
ny, year first above written, in the presence
ite Monte NJ. Lemann and Leo Furong, com
nll tent witnesses, who have hereunto subscrit
lrs their names together with us, Notary, a
all said appearers, after due reading of the who
nd Witnesses: Monte NJ Lemann, Leo F.
es; long.
nd WATTS X. LEVERICH, Notary Publ
ak l. the undersigned recorder of mortgag
We, in and for the parish of Orleans, State
", n
Ter gonig act of Incorporation of the Jas. Ha
nd Lumber Company, Incorporated was duly
nd corded in my office this day in book u
,es folio -
ge New Orleans. La. March 9, 1917.
m (Signed) EMILE J. LEONARD, by. R
as A true copy.
ra- WATTS X. LEVERICH, Notary Publ
sh, march IS p % april II 10
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