The herald. [volume] (New Orleans, La.) 1905-1953, 1918-07-11
CHARTERS


Iporate seal, the same to alter at its pleas
5 ure; TO acquire by grant, gift or other
Il wise, hold, receive, hypothecate, convey
!; lease, sell, pledge, mortgage and diSpoS'
F.; of, property real, personal and mixed, Z
). issue negotiable bonds and notes or 9th
4 er evidence of debt, to name and appoin
E such managers, agents. directors and OIL
. GERS as its business interest and convenl
. ence may require; to make and establish
: as well as to alter and amend, from TIM
to time, such bylaws, rules and regula
, tiOnS for the proper management of tn,
affairs of this corporation, as the sam'
. may be necessary and proper; said cor
poration shall have the right to acquire
. sell and dispose of the capital stock o.
other corporations, and further enjoy anC
exercise all the rights and privilege:
granted under the laws of this State. and
more especially under Act 26I of the Lou
isiana Legislature of 1914.
, Article 1.-THE objects and purposes
for which this corporation is organized
and the nature of the business to be car
ried on by il, are hereby declared to be
To conduct and transact "A general lum-
Der, timber and tie business; to acquire
by purchase or otherwise, own, buy, sell
mortgage and deal in standing timber and
timber lands, and to buy, cut, haul, drive,
manufacture, mortgage, sell, and other
wise deal in lumber, ties, logs, and all
kinds of timber and forests products; 10
buy, own, improve, handle, mortgage,
sell and otherwise deal in any and all
kinds of real and personal property, eth
er for itself, or as broker or agent for
others; to acquire, by purchase or other
wise, to sell, pledge, exchange, and other
wise deal in capital stocks, bonds and
other securities; to build, construct, fit,
equip, furnish, own, purchase, charter,
use mortgage, operate, deal in and sell
boats, bargss and vessels, of all classes
and descriptions, propelled by sail, steam,
electricity, or other power, and also trans
pOrtatiOn lines by land in any state or
country; to furnish and supply facilities
| for and to engage in the business of car
| TRANSPORTATION freight goods
lwares and merchandise by land or water
in any state or country, or upon the high
seas; TO furnish facilities for and engage
| in the business of towing and literage
upon the ocean and other waters; and
| generally, to do and transact any other
business incidental to or connected with
| the general objects of this corporation
as hereinabOve set forth, as the Board of
| Directors may elect or determine.
Article III.-The capital stock of this
| corporation is hereby fixed at the sum of
| fifty thousand dollars, ($5OO0O.00), to be
represented by five hundred 5000 shares
| of the par value of one hundred dollars
| (SlOO.OO) each. The capital stock of this
corporation shall be payable in such in
| Stallments, and under such conditions as
the Board of Directors may determine.
| The capital stock of this corporation shall
only be issued for cash, or for services
rendered, merchandise, property or other
Eyaluable considerations, enuring TO this
| corporation, according to the exclusive
Judgment and findings of the Board of
! Directors thereof. This corporation shall
| be a going concern and authorized to do
of the authorized capital shall be sub
Scribed for, and at least fifty C5O) percent
of all stock SO subscribed for shall be
paid for. The capital stock of this cor
poration may, be increased to five hun
dred thousand dollars $500 000.e0).
Article IV.-The domicile of this cor
pOration shall be in the City of New Or
leans, La, where all meetings of the
l n ha haIJ
provided that with the written consent
of all the directors, valid meetings of the
directors may be held outside of the state,
or within the state, elsewhere than at its
dOmicile. Citation shall be served upon
the President, or in his absence or dis
ability, upon the President, and in
the absence or disability of the latter up
| on the Secretary.
Article V.-An the corporate powers of
this corporation shall be vested in and
| exercised by Board of Directors, four in
number, all of whom shall be stockhold-
ers, to be elected on the third Monday in
| June of each year, commencing with the
| third Monday in June in the year 1919,
with the understanding that the first
! Board of Directors selected by the stock
| holders and named in this charter. as well
as the first set of officers, as hereinafter
named shall hold office until the third
| Monday in June, 1919, or until their sue
| cessors have been elected and qualified.
After the election of said Board of Di-
rectorS, as herein provided, there shall be
|
! Der, the officers of this corporation. which
| are as follows: list: President, 2nd: a
President, and 3rd; \ Secretary and
Treasurer which last two offices shall be
combined in one person. The Board of
| Directors may name and appoint an As
sistant Secretary, who need not be a stock
holder, as well as to appoint other agents
| and employees, who shall, respectively,
have such power and perform such duties
| as may be prescribed by said Board, and
who may be removed at the pleasure of
the Directors.
The Directors shall have the right to
ill all vacancies occurring in their num-
| Der, whether resulting from death, resig-
nation, or otherwise.
The first Board of Directors, and the
officers of this corporation shall be the
FOLLOWING, and which said Board of Direc-
tors and officers shall serve until the cleo
ton to be held on the Third Monday of
| elected and qualified. The addresses of
said directors and officers are set oppos-
lie their respective names: William J.
F Foyys' p President address; Omaha Natl.
Blanche Bldg, n. o., La; Herman r.
Schroeder, Secty- Treas. address: Omaha
Furay, Director, address: Omaha Natl
| Bang Bldg, Omaha, Neb.
Article VI.-The annual meeting Of the
election Of directors shall be held on the
third Monday of June of each year, COM
mencing with June, 1919. until which time
| the officers and directors named in this
charter shall continue in Office, or until
their successors have been elected and
qualified. The election for said directors
shall be by ballot, and the majority in
amount of the stock voting, shall elect
the persons for whom they are cast. Each
share Of stock voted upon to be counted
for but one vote. Said stock, shall not be
entitled to cumulative voting.
The Board of Directors shall give at
least fifteen days notice by mail Of the
election of said Directors, and shall APP
point one or more stockholders to preside
cause whatsoever to elect directors on the
day named for that purpose shall not dis |
solve the corporation, but the directors
and officers then in office shall hold over |
until their successors are chosen and |
qualified.
Article vino stakeholder shall ever
be held liable or responsible for the con- |
tracts, faults or debts of this corporation,
nor shall any mere infOrmality in its or
ganization have the effect of rendering
this charter null, or of exposing its share
holders to any liability beyond the un-
paid balance due on the stock owned by
them.
Article vIII.-The names and postoffice
addresses OF the subscribers to these ar
ticles of incorporation, and the number of
shares OF stock subscribed by each are as
VIM. J. Foye, Omaha Natl Blk. Bldg.
Omaha, Nebraska, PAT shares: Frank r.
Trcka, 1929 Maison Blanche Bldg, New
orleans, La, l share; Herman r. Schroed-
er, omaha Natl. Blk. Bldg, Omaha Ne
Draska, l share; Guy V. Furay, Omaha
Natl Blk. Bldg, Omaha, Nebraska. i
share.
A.ttot. w ma.