The herald. [volume] (New Orleans, La.) 1905-1953, 1918-06-20
CHARTERS

ure: to acquire by grant, gift or other
wise hold receive. hypOthccate. convey,
lease sell pledge, mortgage and dispose
| of property real, personal ana mixed, 10
| issue negotiable bonds and notes or Oth.
er evidence Of debt to name and appoint
| such managers, agents. directors ana ON
| GERS as its business interest ana convent
ence may require; to make and establish
as well as to alter and amend. from time
| TO time. such bylaws, rules ana reSula-
lions for the proper management OF the
affairs of this corporation, as the same
! NAV be necessary and proper salu cor
pOration shall have the right TO acquire:
sell and dispose of the capital stock of
| other corporations, and further ENJOY ana
! exercise all the rights ana privileges
granted under the laws of this state ana
more especially under act 2t' OF the Lou
iSiana Legislature Of 19lt
! Article 1.-THE objects and purposes
| for which this corporation Is organized
and the nature of the business to be car
ried on by it, are hereby declared to be:
| To conduct and transact general lun-
Der, timber and tie business; TO acquire
Iby purchase or otherwise, own Duy, 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; TO
| buy own, improve. handle, mortgage,
sell and otherwise deal in any and all
! kinds of real and personal property. elth-
| er for itself, or as broker or agent Tor
others: to acquire by purchase or other
1
| wise deal in capital stocks, bonds and
other securities; to build. construct. TT,
| equip, furnish. own. purchase, charter,
use mortgage, operate, deal in and sell
boats. barges 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 faclIltles
for and to engage in the business OF car
rage and transportation of freight goods
twareS and merchandise by land or water
lin any state or country, or upon the high
seas; to furnish facilities for and engage
| in the business of towing and hterage
upon the ocean and other waters; ana,
| generally, to do and transact any other
business incidental to or connected with
the general objects of this corporation
as hcreinabOve 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
iffty thousand dollars. (SJOOOOOD, to be
represented by five hundred tJOO) shares
| of the par value of one hundred dollars
(S1OO.OO) each. The capital stock of this
IcOrpOratiOn shall be payable in such IN
| StallmentS and under such conditions as
| the Board of Directors may determine
1.-THE capital stock of this corporation shall
lOnly be- issued for cash, or for services
rendered, merchandise. property or other
valuable considerations, enurlng TO TINS
Incorporation, according to the exclusive
Judgment and findings of the Board or
Directors thereof. This corporation snail
be a going concern and authorized to do
business. as soon as fifty 500 per cent
of the authorized capital shall be sub
scribed for, and at least fifty (5O) 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 (S50O,OO0.OO).
Article Iy:-The domicile of this cor
poration shall be in the City of New Or
leans, La, where all meetings of the
stockholders of directors must be held,
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 Vice-President, and in
the absence or disability of the latter up
on the Secretary.
Article V.-Ail the corporate powers of
this corporation shall be vested IN ana
number, all of whom shall be stockhold-
ers, to be elected on the third Monday in
IJune 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
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
elected by said directors from their mum
Der, the officers of this corporation, which
are as follows: list: President, End: a
Vice President, and 3rd; A Secretary and
Treasurer which last two offices shall be
combined in one person. The Board or
Directors may name and appoint an AS
sistant Secretary, who need not be 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
fill all vacancies occurring in their num-
Der, whether resulting from death, resig-
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
E June, 1919, or until their successors are
4 elected and qualified. The addresses OF
: said directors and officers are set oppOsT,
Foye, President, address: Omaha Natl
Bank Bldg, Omaha, Neb. Frank j. Trcka
Vice President, address: 1929 Maison
Schroeder, Secty- Treas. address: Omaha
, Natl Bank Bldg, Omaha, Neb.; Guy. v
Furay, Director, address: Omaha Natl
Bang Bldg Omaha srN NeS meeting Of III,
: stockholders of this corporation for 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
tcharter shall continue in office, or until
5 their successors have been elected and
5 lqualifed. The election for said directors
! shall be by ballot, and the majority in
D Iamount of the stock voting, shall elect
n the persons for whom they are cast. Each
E share of stock voted upon to be counted
b for but one vote. Said stock, shall not be
: lentitled to cumulative voting.
The Board of Directors shall give al
least fifteen days notice by mail of the
election of said Directors. and shall APP
4 Anfn nv Sfn 40 hnI N
\ at such election. Any failure from any
= 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 IN
paid balance due on the stock owned by
them.
Article vIII.-The names and postoffice
addresses of the subscribers to these ar
J ticles Of incorporation. and the number OF
h shares of stock subscribed by each are as
follows:
VIM. J. Foye, Omaha Natl Blk. Bldg.
}, Omaha, Nebraska, 247 shares; Frank j
I Trcka. 1929 Maison Blanche Bldg, New
e Orleans, La, l share: Herman X. Schroed-
e er, Omaha Natl Blk. Bldg, Omaha, Ne
y braska. / share; Guy V. Furay, Omaha
: Natl. Blk. Bldg, Omaha, Nebraska,
l