The herald., 1918-07-04
CHARTERS

! ure; to acquire by grant, gift or other
wise, hold, receive, hypOthecate, convey,
! lease, sell, pledge, mortgage and dispose
| Of property real, personal and mixed, TO
| issue negotiable bonds and notes or oth-
| er evidence of debt, to name and appoint
| such managers, agents, directors ana OH
| GERS as its business interest and convent
ence may require; to make and establish,
as well as to alter and amend, from time
to time, such bylaws, rules and regula-
tiOns for the proper management OF the
| affairs of this corporation, as the same
may be necessary and proper; SAID cor
poratiOn shall have the right to acquire,
| sell and dispose of the capital stock or
other corporations, and further enjoy and
| exercise an the rights and privileges
granted under the laws of this State and
more especially under Act 267 of the Lou
isiana Legislature of 1911
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 a general lum-
her, 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 othef-
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, eth
er for itself, or as broker or agent for
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 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 facilities
for and to engage in the business of car
riage and transportation of freight, goods,
wares 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 II.-The capital stock of this
corporation is hereby fixed at the sum of
fifty thousand dollars, ($J0.OO0O0, to be
represented by five hundred 5000 shares
of the par value of one hundred dollars
($l0O.O0) 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
valuable considerations, enuring TO this
corporation, according to the exclusive
Judgment and findings of the Board of
Directors thereof. This corporation shall
be 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 500 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 500OO0.OO).
Article IV.-The domicile of this cor
poration shall be in the City OF New Or
leans, La, where all meetings of the
hnT of fraa - ha hold
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.-Ail 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 d.
rectOrs, as herein provided, there shall be
elected by said directors from their num-
! Der, the officers of this corporation, which
are as follows: list: President, 2nd: a
Vice President. and 3rd; a 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 n 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
| x~.ad hn UNlsa of
the Directors.
The Directors shall have the right to
| fill 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
June, 1919, or until their successors are
elected and qualified. The addresses OF
said directors and officers are set oppos-
lite their respective names: William J
Foye, President, address: Omaha Natl
Bank Bldg, Omaha, Neb.; Frank j. Trcka
Vice-President, address: 1929 -MaisOr
Blanche Bldg, N: o., La; Herman R
Schroeder, Secty-Treas. address: Omaha
Natl Bank Bldg. Omaha, Neb.;. Guy. V
Furay, Director, address: Omaha Nat
Bang Bldg: Omaha, Neb.
Article VI.-The annual meeting of tht
| 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
Icharter shall continue in office, or unit
their successors have been elected and
lqualifed. The election for said directors
Ishall be by ballot, and the majority in
lamount 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 bt
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
point one or more stockholders to preside
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 I'M
paid balance due on the stock owned by
| them.
| addresses of the subscribers to these ar
tieles of Incorporation. and the number of
shares of stock subscribed by each are as
| follows:
VIM. J. Foye, Omaha Natl Blk. Bldg,
| Omaha, Nebraska, 2i7 shares; Frank J.
Trcka, 1929 Maison Blanche Bldg. New
Orleans, La, / share; Herman r. Schroed-
er, Omaha Natl. Bk. Bldg, Omaha, Ne
hraska, l share; Guy V. Furay, Omaha
Natl. Blk. Bldg, Omaha, Nebraska, ]
Article IX.-This charter may be amend