The herald., 1918-03-28
CHARTERS

as above provided for, the Board OF Dl-
rectors shall elect from among tnelr mem
berS a President, and two t2) Vice Pres
| idpnts: they shall also elect a Treasurer
and Il Secretary The last two named
| officers may or may not be members OF
the Board of Directors and the two onlccs
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-
! Spectivc Offices for a period of one %
wear from the date of their election or
until their successors are duly elected
except the first Board herein provided
for whose term will expire on me nrSt
| Tuesday of January 1919, or until their
! successors have been duly elected, but the
failure to hold an annual election or 10
| elect the officers as above PROVIDED TOT
| shall not result in the dissolution OF TINS
corporation but the then Board of Dl-
rrctOrs and officers shall hold their re
| SpcCtive Offices until their successors are
duly elected.
| ANY yacancieS occurring on said Board
of Directors shall be filled by the remain
ing members of said Board for the I'M
expired term. AT a meeting called Tor that
purpose, after ten days prior notice IN
| writing sent by mail to said Directors
at their last known address, and II the
said Board fails TO elect AT said meeting
Il second meeting may be called Tor the
purpose of eleCting said Directors as
| above provided or the election may be
made by the stockholders at special
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, and shall
have and exercise all the powers con
ferred by law on this corporation and as
set forth in this Charter.
The said Board of Directors shall have
the power to appoint any agents, manag-
crs. or employees who shall respectively
have such power and perform such du-
ties ut such place or places as may be
prescribed by the bylaws or py tae
moved at the pleasure of 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 of their
own body or to the officers and agents OF
this corporation.
| All EMPLOYEES of this corporation, ex-
cept those holding the offices OF Presi-
dent and Vice President shall be consid-
cred as employed by the month unless
: otherwise contracted with in writing.
The first Board of Directors of this cor
pOration are hereby declared to be: Mr..
Walter Il. Chilean, of New Orleans, La,
Mr.. Buckner Chipley, of New Orleans. La,
) Mr.. JOS. Ii. Kurth, Jr. of Pawnee, La.
Mr.. simon W. Henderson of keltys. Tex
as. with the said Mr.; Walter L. Chilean
and the said Mr.. Buckner Chipley as Vice
: Presidents. with Mr.. John A. Taylor of New
> Orleans, La. as Secretary and Treasurer
who shall hold their respective offices
: until their successors are duly elected as
l prov ided for.
Article VI.-This corporation may be
: dissolved by vote of two-thirds of the
Z outstanding capital stock thereon at gen
i eral meeting convened for that purpose
I in the manner provided for the calling
of the stockholders meetings to elect di
L | rectors and otherwise in conformity VIII
the laws of this State.
n Whenever this corporation is dissolved
q either by limitation or otherwise, its af
5 fairs shall be liquidated by three iquida
$ ting commissioners to be elected at sucf
n snail proceed with the liquidation only
: upon a certificate of the Secretary o.
e State. all as provided for by the laws o
. this State. And in case OF death, reslg
o commissioners. the surviving commission
o or or commissioners shall appoint sue
;. cessor and together they shall continue
o the liquidation to its termination
o Article VII-This charter may b.
t, changed or amended by vote OF two
d; thirds of the capital stock issued at
2, general meeting called for that purpos'
P, after thirty 500 days prior notice u
y
), holder at his last known address.
: No stakeholder shall ever be held ii
e able or responsible for the contracts Of
e faults of this corporation in any furthel
/ | sum than unpaid balance due the Com
S pany on the share of stock owned by hin
: | nor shall any mere informality in the or
;, ganization hereof have the effect of rend
y lring this charter null or OF eXposlns
e any stakeholder to any liability beyond
such unpaid balance that may be due OF
: his stock.
e The subscribers hereto are:
Walter Il. Chilean who resides at NO
$ 1905 Palmer Avenue, New Orleans, Lou
i isiana, and who subscribed to 125 share
e of the capital stock of this corporation
! payable in the manner and mode herein
! after designated.
Buckner Chipley, who resides at No
; 22Hj Pension Street, New Orleans, Lou
q isiana and who subscribed to 60 shares
: Of the capital stock of this corporation
:; | payable in the manner and mode herein
u after designated.
: T A TAYLOR. who resides at 1917 Henr,
: Clay Ave, New Orleans, Louisiana, an'
:. who subscribed to 90 shares of the cap
. ital stock of this corporation, payable II
he manner and mode hereinafter desig
g mated.
l. Simon W. Henderson, who resides a
e Keltys County of Angelina, State OF Tex
5, as. and who is herein represented d!
d Buckner Chipley, his agent and attorne;
J. in fact. per procuration hereto attached
, and who subscribed to 1 share of the cap
= itaI stock of this corporation. payable ii
8 the manner and mode hereinafter desig
s. mated.
P Joseph ii. Kurth. Jr.. a resident o
le Pawnee Parish of Allen, State of LOuisi
ana and herein represented by Buckne
l. Chipley per procuration hereto attached
20 and who subscribed to 249 shares of tn
= capital stock of this corporation. payabl
~ in the manner and mode hereinafter des
h ignated.
And the parties hereto hereby declare
=, that they subscribed for the number o
" shares of the capital stock of this cor
- pOration as set opposite their respectlv
"A | signatures, in order that this Act OF In
"a IcOrDoration shall serve as the origina
w. subscription list, and the payment of sal
= stock is fully made and hquidated by tn
transfer conveyance, delivery and aban
donment to this corporation of all OF thel
10 rights title and interest in and to cer
n tain contract of lease made and entere
ia into on November 30th, 1917, by and be
rs tween the Vernon Parish Lumber Com
y pany, corporation created under IN
es laws of the State of Louisiana. and dom
er isiana and Buckner Chipley, Trustee, q
L the City of New Orleans, Louisiana, an
n wherein the said Buckner Chipley acte
IN for and represented himself and the otht
"a parties hereto, and which said lease
y for turpentine purposes, and covers
20 the long leaf pine timber standing Q
growing upon the 15,152.4S acres OF Ian
y designated in the exhibit marked "A" an
rs attached to the lease aforesaid, and whic
sc said lease is for a period of three 4
years subject TO the terms and condition
~ set forth therein; ali of which Will mol
ne fully appear by reference to copy {