The herald., 1918-04-11
CHARTERS


NAV 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-
year from the date of their election or
until their successors are duly eiected
except the first Board herein provided
for whose term will expire on me hrst
successors have been duly elected, but the
failure to hold an annual election or 10
elect the officers as above PROVIDED LOT
shall not result in the dissolution OF inns
rorporation but the then Board of Di-
rectors and officers shall hold their re-
spective offices until their successors are
duly elected.
ANY -acancies occurring on said Board
of Directors shall be filled by the remain
ing members of said Board for the un-
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 Tor the
purpose of electing said Directors as
above provided or the election may De
meeting called for that purpose in the
manner herein provided for the election
of Directors and should 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, ana shall
have and exercise all the powers con-
ferred by law on this corporation ana 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
NAHUa IL
ties at such place or places as may be
| prescribed by the bylaws or by the
| Board of Directors and who may De re-
| moved at the pleasure or 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 or their
| own body or to the officers and agents or
| this corporation.
| All employees of this corporation, ex-
cept those holding the offices of Presi-
dent and Vice-President shall be consld-
| cred employed by the month unless
| otherwise contracted with In wrlting'
| The first Board of Directors of this cor
| poration are hereby declared to be: Mr..
Walter b. Chilean, of New Orleans, La,
Mr.. Buckner Chipley, of New Orleans, La,
Mr.. Jos. II; Kqrth, Jr. Of PaWnee' IA La,
as, with the said Mr.. Walter y. Chilean
| as President; the said Jos. III. kurth, Jrr
and the said Mr.. Buckner Chipley as vice
Presidents with Mr. John A. Taylor sa OF New
who shall hold their respective onices
until their successors are duly elected as
prov ided for.
Article vI.-This corporation may bt
dissolved by vote Of two tnf is OF g sn'
eral meeting convened for that purpose
in the manner provided for the Calling
of the stockholders meetings to elect al
rectors and otherwise in conformity VIII
the laws of this State.
Whenever this corporation is dissolved
either by limitation or otherwise, its al
fairs shall be liquidated by three hquida
, ting commissioners to be elected at snei
general meeting of the stockholders wh'
snail proceed with the liquidation onl!
upon a certificate of the Secretary
, State, all as provided for by the laws o
: this State. And In case of death, resig
nation or inability to act of any of salt
commissioners, the surviving commission
? er or commissioners shall appoint sue
E cessor and together they shall continu
the liquidation to its termination.
Article yII-This charter may b
changed or amended by a vote of two
thirds of the capital stock issued at
general meeting called for that purpos
after thirty. (30 days prior notice 4
writing having been sent to each stock
; holder at his last known address.
; No stakeholder shall ever be held II
o able or responsible for the contracts o
e faults of this corporation in any turtle
5 pany on the share of stock owned by hir
: nor shall any mere informally in the or
, ganization hereof have the effect of rend
\ cring this charter null, or Of eLposin
such unpaid balance that may be due o.
his stock.
q The subscribers hereto are:
A Walter b. Chilean who resides at Nc
!, 1905 Palmer Avenue, New orleans, Lou
= isiana, and who subscribed to 125 share
q of the capital stock of this corporation
: payable in the manner and mode herein
: after designated.
Buckner Chipley, who resides at NJ
s 22o5 Pension street, New orleans Lou
). Of the capital stock of this corporation
:. payable in the manner and mode herein
d after designated.
S J. A. Taylor, who resides at 1917 Henri
e, Clay Ave, New Orleans, Louisiana, an
r, who subscribed to 60 shares Of the car
j; ital stock of this corporation, payable
e the manner and mode hereinafter desit
$, mated.
. Simon w. Henderson, who resides |
"a Keltys, County of Angelina, State Of Tel
3 as, and who is herein represented
4 Buckner Chipley, his agent and attornt
~ In fact per procuration hereto attache
J. and who subscribed to 1 share OF the cal
: ital stock Of this corporation. payable
g the manner and mode hereinafter desli
s. mated.
= Joseph H. hurtn, Jr', fesiuent
lie Pawnee, Parish of Allen, State Of Louis
ana, and herein represented by Buckn
is Chipley, per procuration hereto attache
Of and who subscribed to 249 shares of &
L. capital stock of this corporation, payah
Of in the manner and mode hereinafter de
h, ignated.
"a And the parties hereto hereby declar
Nv that they subscribed for the number
W shares Of the capital stock Of this CO
nd poration as set opposite their respect
ID signatures, in order that this Act Of i
8, subscription list, and the payment Of sa
stock is fully made and liquidated by. t
. transfer, conveyance, delivery and aba
10 donment to this corporation of all OF thu
n, rights, title and interest in and to CT
nd tain contract Of lease made and enter
Is into on November 30th, 1917, by and
oy tween the Vernon Parish Lumber Co
es pany. corporation created under (
ne laws of the State of Louisiana, and don
er ciled in the Parish of Allen. State of Lo
FL isiana. and Buckner Chipley, Trustee,
n the City of New Orleans, Louisiana, a
en- wherein the said Buckner Chipley act
ed for and represented himself and the otf
ny parties hereto, and which said lease
go for turpentine purposes, and covers
re- the long leaf pine timber standing
Dy growing upon the 15,152.4S acres of la
srs designated in the exhibit marked "A" a
ese attached to the lease aforesaid, and viii
said lease is for a period of three
ay years subject to the terms and conditio
ne set forth therein; all of which Will m'
81 said lease and the assignment thereof, I
Of nexed to these articles OF incorporation
in TIE interest of the parties hereto
he said lease was In the same proportion
all is the stock subscribed to and taken
30) them IN payment thereof.