The herald. [volume] (New Orleans, La.) 1905-1953, 1918-02-28
CHARTERS.

T. B. Mobley, J. T. Clolinger and f. r.
Brand, three of the subscribers TO the extent
OF Thirty three and One-Third ((33 l-O shares
each or total of one hundred shares Of the
capital stock OF said corporation in full pay
ment and liquidation OF said subscription do
hereby convey, transfer, set over and deliver
to this corporation, all of their rights, title
and interest IN and TO those certain contracts,
described as follows:
FIRST: All the right. title, claim and in
terest of the said 7. b. Mobley and J. T.
Clollnger in the contract entered into BY and
Sietween F. X. Braud and C. F. Borah, in
and 70 that certain contract dated October
18th, 1916, between W. H. Slaydon of the
first part, and A. G. Little, OF the second
part the interest of the said A. G. Little in
said contract being assigned by the Nichol-
son Lumber & Mfg Co. being conveyed to
Charles +. Borah on April 9, 1917. which
assignment together with certified copies OF
the original contract were recorded on April
llth, 1917, in Conveyance Book %, page All,
Of the records OF the Parish of St. Tammany
Louisiana, and which contracts +. K. Braud
assigned to the Braud Hardwood Lumber
Co, Inc. and which was in turn assigned
by the Braud Hardwood Lumber Co., Inc,
| to T. b. Mobley and J. T. Clolnger.
SECOND: All the right title, claim ard
interest OF the said T. b. Mobley and J. T.
Clolinger. in and to that certain contract
dated October 20, 1916. between A. C. Little
and J. T. Coney, J. S. Sexton and Geo w.
| Covington, the rights to which contract have
by various assignments passed to the said
E: r. Braqd, and by E, R. Braud to the
the Braud Hardwood Lumber Co., Inc, TO
T. B. Mobley and J. T. Clolnger, the orig
| inal contract being filed for record in the
Office of w. f. Blossman. by. Clerk and
| ex-Oficio Recorder at Covington, on March
| 9. 1917, said contract covering timber on
| what is known as the Hazlehurst tract.
THIRD: All the right, title, claim and
| contract dated August 20, 1917 entered into
by and between the State Line Veneer Co.,
E. r. Braud and Paepcke-Leicht Lumber Co.
as we'll the supplemental contract entered
into by the same parties October %. 1917.
The said Thomas B. Mobley. John T. Clio
lnger and Edward r. Braud compose all the
| members of the Board of Directors OF thi.
corporation in accordance with the require
ments of the law and particularly OF Act
267 of 1914 Of the Legislature of the State
OF louisiana hereby value and appraiSe the
right, title and interest of said Thomas b.
Mobley, John I. Clolinger and Edward X.
Braud, in and to the contracts aforesaid, at
the sum of Ten Thousand Dollars (Sl0,0O.O).
Article Wall the powers OF this corpo-
ration shall be vested in and exercised by
Board of not less than Three 90 nor more
than Five 80 Directors, as determined IN
advance each year by the stockholders at the
annual meeting Each Director shall be a
bona fide stakeholder. and shall own at all
| times one % full paid non-pledged share OF
stock. The first Board Of Directors shall
Thomas B. Mobley, 755 Union St, New
Orleans, La, John T. Clolinger, Nicholson
Miss, Edward R. Braud, Nicholson, Miss
The first officers OF this corporation, with
their addresses are as follows: =,
Thomas b. Mobley, 755 Union St, New
Orleans, as President; John T. Clolinger
Nicholson Mississippi; as NeeIRIe;;ident;;
as SecretaryTreasurer.
The above Board Of Directors shall hold
Office until the first annual meeting on the
Second Tuesday OF January, ny OF untii
ted OnallneQ.
Each succeeding board shall continue to hold
Office for one year or until their successors
are elected and qualified. The persons to be
hereafter elected directors for subsequent
wears shall select from their own number
President Vice-President, Secretary-l reas-
urer The Board of Directors may combine
any two of the above officers IN one ana
the same person.
On the Second Tuesday of January of each
year. unless the same should fall on legal
holiday, then upon the next following lay
day, the stockholders shall elect Board OF
Directors for the ensuing year: Inc e.. eaee. .r
sons receiving the majority OF votes cast
shall be elected. For electing directors or
for any other purpose each share OF STOCK
shall be entitled to one vote, whe'ner pres IS
stock shall be entitled to vote. A majority
of the Directors voting at any one time, IN
person or by proxy, shall be required TO pass
any resolutions or 5on aaGP' sS any Become valid
corporate acts. In case OF vacancy on the
Board or among the officers for any cause;
the remaining members of the Board snsli
have the power to fill the vacancies. Inc
said Board of Directors shall have the power
to enact such bylaws, rules and regulations
as, in their opinion, may be necessary ana
proper for the management, operation and
control of the business of said corporation. =,
Article VII-Notce Of all meetings OF
stockholders held for the election OF Direc-
tors, or for any other purpose, shaii De given
in writing by the Secretary and may De
served personally or deposited in the mani
addressed fifteen Q5) days before such meet
ing is held, and directed to each stockholder
at his last known address, as the same shall
appear upon the books of the corporation
unless said notice is waived in writing by
all of the stockholders appearing, upon the
books At all meetings of stoekholder:
majority of the votes cast shall be sufficient
to elect and decide all questions voted upon,
except for the alteration, amendment or the
dissolution of the corporation.
Article VIII.-This act of Incorporation
may be altered, amended, or modified, or the
corporation dissolved by vote OF three
fourths in amount of the capital stock rep
resented a. a general meeting of the stock
holders, called for that purpose after notice
as provided in Article VII of this charter;
and in case of dissolution of the corporation
the stockholders at such meeting shall elect
three (3) liquidatng commissioners, who shall
have entire charge of such liquidation, with
authority to sell and dispose OF the assets
of the corporation and to NIL vacancies oc-
curing in their number.
Article IX.-No stakeholder shall ever De
held liable or responsible for the contracts
or faults of the corporation, in any further
sum than the unpaid balance due the corpo-
ration on the shares owned by him, nor shall
any mere informality in organization have
the effect of rendering this charter null or
Of exposing a stakeholder to any Liability
beyond the amount of his unpaid stock.
Thus done and passed at my office IN the
CITY of New Orleans, on this day, month and
wear herein first above written in the pres
ence of MAY Lorio and Gertrude Cowan, CON-
oetent witnesses who hereunto sign their
names, together with said appearers and me,
Notary after reading of the whole.
(Signed) T. B. Mobley, 735 Union St,
33 l-3 shares. s3333.33 l-3; J. 7. Clolinger
Nicholson, Miss, 50 l-3, shares, s338.3 l-3
E R. Braud. Nicholson, Miss, 50 l-3 shares
S333333 l-3.
Witnesses: May Lorio Gertrude Cowan;.
HENRY C. BLOCH, Notary Public.
I, the undersigned Recorder Of Mortgages:
in and for the Parish of Orleans, State Of
Louisiana. do hereby certify that the act OF
Incorporation of the Mobley Clolinger Lum-
Der Co., Inc. was this day recorded in my
Office in Book 1919, Folio =.
New Orleans. Louisiana, January q, 1918.
| (Signed) EMILE J. LEONARD, by. Recorder
~ HENRY G. BLOCH, Notary Public.
Tan 81 Feb 7 IA q 2S Mch
CHARTER
OF "a e NREELAND, INC"