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

ways and other roads or rights Of way
for the transportation of Veneer. boxes
shocks. lumber. timber. logs aud other
products. to buy, lease or otherwise ar-
Iquire timber lands and timber rights on
! land, and 10 acquire, lease. hold and buy
! lands for the use of SAW mills aud fac
tories and timber yards. in the state Of
| Louisiana, or elsewhere. to acquire 10y
purchase. lease or otherwise. patents and
inventions that might be used for the pUr-
poses of the business of this corporation.
and generally to do and perform any and
|all things necessary or convenient 10 car
~ on said objects and purposes.
Article " The capital stock of this
corporation is hereby fixed ~ the sum Of
Item thousand (Sl0O0O.OOl dollars divided
into one hundred GO0l shares of the par
value Of one hundred tSlOO.HOl dollars each
provided, that the amount To which the
lcaPital stock of this corporation may be-
Increased shall be twenty-five thousand
| (S25 0Oo0O) dollars. Fifty TO, shares, or
five thousand $4,000 OOb dollars of the cap
Iital stock of this corporation must bc sub
scribcd before the filing of the articles of
Incorporation. The subscribed capital
stock of this corporation shall bc payable
! III cash, property (reHl or PERSONAL, or
flor labor and services rendered and per
formed.
| No stakeholder shall ever be- held liable
or responsible for the faults. contracts or
debts of this corporation in any further
sum than the unpaid balance due the cor
| poration on the share, of stock SubScrib-
in organization have the effect of render
ling this charter null. or of exposing any
shareholder 10 any liability whatsoever.
| This corporation shall not engage In
business untll MY iJU) shares OF nNr
Thousand lNhVouuOb dollars OF me capital
stock shall have been issued and paid in.
| III CASH OF LOT property, or lot 'dNH ana
property, and if any stock of this cor
poratloh II rAChans'd, 'lth'. IN "Hoi. OF
event the provisions of Section 3 of Act
-o' OF l"If' snail d" cohlpIleu WIN strictly
Article V.-AIl the corporate powers Of
this corporation shall be vested in and
IeXerciScd by Il Board of Directors to be
composed OF three stockholders. each of
Whom shall own in his own right. during
his term Of Office. AT least one fun paid
| share of stock two OF whom shall con
| >titute a quorum for the transaction of
business
| ,r,i,I. VI Tn, ooi..r. ~ fiji. .or,or.-
/ tiou shall consist of a President VICE
! D.. iJant Tra,I,,r.r ,rd :, S,.,.r.t.,r, an
| of ,vhor1 shan a.. InnurL.rs az M io,rJ
! of Dir.,.tors
! ~
] Inc following named ShalI constitute tue
HFNI hoaFd OF Dlr'''orN' to-NN.
| Nelson Jensen. lI21 Napoleon Ave. New
| Orleans. La. David L. Dixon. 232G Peters
! Ave. New Orleans, la. William T.. NJ
! Whitney. Baton Rouge. La. all residents
| OF the State of Louisiana. ~ above stated
with Nelson Jensen. president. David +.
/ Dixon. vice president ana treasurer, aud
| William IL. NJ. Whitney. secretary. SNu
| these directors shall hold Office until the
first Monday of July 1919 or until their
| successors are duly elected and qualified.
| Thereafter the directors shall he elected
,pnn,IIy ON IN, fr.t Njonda,, Of mi, or
! .orL vc.r. ali electinus of djre,tors tbsII
Ln hy G.iiot and c,ih stocthoiJ,r shall
Lc entitled to oun vote for .o,b share of
I ,o,,l, .,,,,Jin,, r., ~, ,a,,'a ,, ,L., I,oJ,,
| ~ ~; ,.nr,,ar3,inu nj ,ot, to La .ast I'm
| ,,r.ou or b,, yrritt.n ,,royy ana II Shall
| reuuirc wo-tbirds of thr STOCK nrrscut or
| renreSpnteJ 10 elect
| I',ilnra to hoId an oI.ctior far dir..tors
an ~. 6rsT Wnnd"T oF fuII iGIo or an
nn.,iiv Thereafter shall NOT work n forfeit
mn. Of mis- rh.rt.r INT the old Eoard of
| directors shall remain in office until their
| Successors arc duly elected and ,uoIifrd
Arti,I. VI - Tho Hoard Of pire,tors
shall hold regular meetings al such time.
las shall hr med in the by-iows of this
lcornorotion These meetings shall br hold
| NJ tba domjciIa of tho cornor,tion INIT III,
nr.Sident may call SueciaI meetings of IA,
noarJ of Directors m such times as IA,
may deem advisable. and he shall be re-,
uuired 10 call such special meetings at tn,
| reouest of T, member of the BOARD of hi
reitnr Thro DIV, u,rittnn nnticc of sucI
| ln.ri,I MEETINGS Shall he GIVEN 10 tho al
rectors unless waiver of such notice i
2 li,ned nv III, directors ANY vacancy M.
rurrinp in tho Hoard of Directors cithe
from death resignation or Inability 4
, serve shall be filled by the rrmainini
: BOARD of Directors al its next rerUla
, me.,tinr aftnr sncb vacancy shall have oc
? ,urrrJ The tirst Hoard of DIRECTORS q
tbis remuneration shall he rruuirrd 10 draf
Suit,LIa Ly,I,vs for RI. ,5overnmeut a
E tbis REMUNERATION which may he altered
: amended or changed aS the eSigencieS o
! thr rnse may reuuirr
Nrti,.I. VII Tho stock Of this corporn
: lion may he transferred proyidsd sucI
\ transfer shall he recorded on the hook
4 Of tLiS rornoration before il shall bc re
! ouirrJ to r,roguize the transfer or IN
new holder of holder of said stock Tn
total tmount of the subscribed stock a
! IGcr'i,, -.t TortL H. mo suf, of i've thou
! Sand ,Si 0o0 OO dollars or fiftv CjOl share
\ which ,ro hereby autborizrd 10 he issue,
: fnIIv maid for and worcestershire. for cash
= IN ibc eyent thar amy stockboldpr de
sires 70 soil his stock or any mart there
: Of ba shall first offer same 70 the remain
d in,, ,torEboIJcrs in nronortion ia tbri
f rcSn,.,tiye boldinES AT its hook value Tbi
4 nTar Is 70 he made 70 annaar Inv letter nd
dressed to each stakeholder M his las
, Enn,,u ,JJraSy Ar M aVnirution a
a Mbjcb time mo said storkbolder desirinl
: IN soil his stock shall he M liberty TO d.
o 50 AZ v-botever nrice and 10 whom he shall
: nIoasa
- hr,iiI. VIII This charter may lac mod
!, i6aJ or altered the cgnitai stock tbrreO
i may mo dissoIyed with the assent of two
n tbirds of IN. c.nitoI stock present or rem
4 resented nj any meeting of the stockhold
a or beId for that nurnosr after Drior mo
y tice i'm writing TO each stakeholder. mail
cd 10 him nt his last known most offic
sddrcss "' All in arcordance with the term
vi a. ao' VI tho .xnir,tior of tbi
, charter or the earlier dissolution of thi