The herald. [volume] (New Orleans, La.) 1905-1953, 1918-03-14
CHARTERS

l menu
bers, a President, and two 81 vice Pres
| tdents; they shall also elect Treasurer
and Secretary. The last two named
ON onicers may or may not be members of
the Board or Directors and the two Offices
may be combined in one person as the
Board may determine.
All Of the said officers and directors as
above provided for shall hold their re-
spectiye offices for period of one %
year from the date of their election or
until their successors are duly elected |;
except the first Board herein provided
Tor whose term will expire on the first
tuesday OF January 1919, or until their
successors have been duly elected, but the
fallure to hold an annual election or to
erect the Officers as above provided for
snail not result in the dissolution of this
rectOrs and officers shall hold their re-
spective offices until their successors are
duly elected.
Any yacancies occurring on said Board
or Directors shall be filled by the remain
ing members of said Board for the I'M
expired term, at a meeting called for that
purpose after ten days prior notice in
writing sent by mail to said Directors
at their last known address, and if the
said Board fails to elect at said meeting
second meeting may be called for the
purpose of electing said Directors as
above provided or the election may be
made by the stockholders at special
meeting called for that purpose in the
manner herein provided for the election
of Directors and should a second meeting
OF the Board be held and fail to elect
then the Board must have said election
by the stockholders as above provided
for the election of directors.
The said Board of Directors shall have
the power to make all bylaws. rules and
regulations for the proper management
and conduct of the affairs of this corpor-
alton and to change, alter. amend, or
abolish the same at pleasure, and shall
have and exercise all the powers con-
ferred by law on this CORPORATION and as
set forth in this Charter
The said Board of Directors shall have
the power to appoint any agents. manag-
ers, or employees who shall respectively
have such power and perform such du-
ties ut such place or places as may be
prescribed by the bylaws or by the
Board of Directors and who may be re-
moved at the pleasure of the directors,
and said Board shall have authority TO
delegate any of the said powers vested in
It,. in the transaction of the business of
this corporation to Committee of their
own body or to the officers and agents of
this corporation.
All employees of this corporation, ex-
cept those holding the offices of Presi-
dent and Vice President shall be cOnsid-
cred as employed by the month unless
otherwise contracted with in writing.
The first Board of Directors of this cor
poration are hereby declared to be: Mr..
Walter Il. Chilean, of New Orleans. La
Mr.. Buckner Chipley, of New Orleans, La.
Mr.. Jos. ii. Kurth. Jr.. of Pawnee, La.
Mr.. Simon W. Henderson of Keltys. Tex
as President; the said Jos. H. Kurth. Jr.
and the said Mr.. Buckner Chipley as Vice
Presidents, with Mr.. J ohm A. Taylor of New
Orleans. La, as Secretary and Treasurer,
who shall hold their respective Offices
until their successors are duly elected as
prov ided for.
Article VI.-This corporation may be
dissolved by vote of two-thirds of the
capital stock thereof at a gen
eral meeting convened for that purpose
in the manner provided for the calling
of the stockholders meetings to elect di-
rectors and otherwise in conformity with
the laws of this State.
Whenever this corporation is dissolved
either by limitation or otherwise its af-
fairs shall be liquidated by three liquida-
ting commissioners to be elected ut such
meeting of the stockholders who
snail proceed with the liquidation only
state, all as provided for by the laws of
this State. And in case of death, resig |
nation or inability to act of any of said
pr or commissioners shall appoint a sue
cessor and together they shall continue
the liquidation to its termination.
Article yII.-This charter may be
changed or amended by a vote of two
general meeting called for that purpose
after thirty 500 days prior notice in |
writing having been sent to each stock |
holder at his last known address.
No stakeholder shall ever be held Ii |
able or responsible for the contracts or |
faults of this corporation in any further |
sum than unpaid balance due the Com |
pany on the share of stock owned by him |
ganization hereof have the effect of rend- |
cring this charter null, or of exposing |
any stakeholder to any liability beyond |
such unpaid balance that may be due on
his stock.
The subscribers hereto are:
Walter h. Chilean who resides at No. !
1905 Palmer Avenue New Orleans, Lou
siana, and who subscribed to 125 shares |
Of the capital stock of this corporation, |
payable in the manner and mode herein |
after designated.
Buckner Chipley, who resides at No |
1205 Pension Street, New Orleans Lou |
siana, and who subscribed to g. shares |
Of the capital stock of this corporation, |
payable in the manner and mode herein |
after designated.
J. A. Taylor, who resides at 1917 Henry |
Clay Ave-, New Orleans, Louisiana, and |
who subscribed to 60 shares of the cap
tai stock of this corporation, payable In |
he manner and mode hereinafter desig- |
mated.
Simon W. Henderson. who resides at |
Keltys, County of Angelina, State of Tex
rs, and who Is herein represented by |
Buckner Chipley, his agent and attorney
and who subscribed to 1 share Of the cap
tai stock of this corporation, payable in /
he manner and mode hereinafter desig
mated.
Joseph H. Kurth, Jr., resident of
Pawnee, Parish of Allen, State of Louisi-
ina, and herein represented by Buckner |
chipley, per procuration hereto attached,
and who subscribed to 249 shares of the |
.apital stock of this corporation, payable
m the manner and mode hereinafter des-
gnated.
And the parties hereto hereby declared
hat they subscribed for the number of
shares of the capital stock of this cor
)Oration as set opposite their respective |
signatures, in order that this Act of In
corporation shall serve as the original
list, and the payment of said
stock is fully made and liquidated by the
conveyance. delivery and aban-
ionmeDt to this corporation of all of their
lights, title and interest in and to a GER
ain contract of lease made and entered
nto on November Both, 1917, by and be-
ween the Vernon Parish Lumber Com
'any, corporation created under the
avs of the State of Louisiana, and domi-
lied in the Parish of Allen, State Of Lou
siana, and Buckner Chipley, Trustee, of
he City Of New Orleans, Louisiana, and
wherein the said Buckner Chipley acted
or and represented himself and the other
PARTIES hereto, and which said lease is
or turpentine purposes, and covers all
he long leaf pine timber standing or
upon the 15,152.4S acres of land
designated in the exhibit marked "a" and
ttached to the lease aforesaid, and which
aid lease is for period of three 90
ears subject to the terms and conditions
ct forth therein; ali of which will more
ully appear by reference to copy of
aid lease and the assignment thereof, an
Iexed to these articles OF Incorporation.
The interest of the parties hereto in