The herald. [volume] (New Orleans, La.) 1905-1953, 1918-02-14
ACT OF INCORPORATION OF

MORLEY LUMBER CO., INC
State of Louisiana, Parish of Orleans, City
of New Orleans.
| Be it known, that on this 2lst day Of the
month of January, in the year A. D., 1918
and Of the independence of the United States
second, before me. Henry G. Bloch, notary
public, duly commissioned and qualified in
and for the City, Parish and State afore-
said. therein residing, and in the presence
| OF the witnesses hereinafter named and I'M
| designed, personally came and appeared the
several persons whose names are hereunto
| subscribed, who declared that availing them
selves OF the provisions OF the laws of this
| State relative to the formation and organ
| ization of corporations, they have covenanted
| and agreed, and do, by these presents, COW
enant, agree and bind themselves, as we'll as
those who may hereafter become associated
poration for the objects and purposes, with
the name and under the stipulations follow
| ing, to-wt:
Article 1.-The name and style of this
| corporation shall be Mobley- Clolinger Lum-
| Der Co, Inc, and by said corporate name
it shall have and enjoy succession and ex.
istence for a period of ninety-nine years,
unless sooner dissolved.
Article 1.-THE domicile of this corpora
| ton shall be in the City of New Orleans,
Parish of Orleans, State of Louisiana, and
citation and other legal processes shall be
served there
Article III.-The objects and purposes for
which this corporation is organized and the
nature of the business to be carried on by
it, are hereby declared to be: to manufacture
hardwood and other lumber and the products
thereof; to buy and sell timber timber lands,
lumber and other forest products; TO acquire
by purchase or otherwise, and to own and
operate, saw mills, planning mills, and other
manufacturing plants germane to its bust
ness; to acquire by purchase or otherwise,
and TO own and operate logging roads, tram
auE =
water craft in connection with its said bus
mess, but not as common carrier; to own|
and operate commissaries for the sale by
retail and to do and perform all such acts
and things connected with or appertainingl
to the manufacture and sale of lumber andI
other wood products as are may be ger
name to the objects and purposes above ext
pressed.
Article IV.-The authorized capital stock
OF this corporation is hereby declared to be
the sum of Ten Thousand Dollars (Sl00OO.OO |
which capital stock may be increased in the !
manner provided by law, to the sum of Fiftyl
Thousand Dollars (s5o,OO.oO). The present.
authorized stock of this corporation shall be |
represented by One Hundred shares of the |
par value of One Hundred Dollars $4,000
each; No transfer of said stock shall be |
binding upon this corporation unless made
in accordance with this charter and by-lawsi
and recorded on the books thereof.
The capital stock of this corporation shall
be fully paid and worcestershire when is |
sued, and shall be issued only for laborI
done, or property actually received, money!
to be paid at such times and in such amounts
and after such notice which may be deter
mined by the Board of Directors.
Article V.-The parties to this act hereby
declare that they subscribe for the number
OF shares of the capital stock of said corpo-
ration set opposite their respective signal
lures hereto, that this act OF Incorporation
shall serve as the original subscription list.
L. b. Mobley, J. T., Clolinger and E. R.
Braud, three of the subscribers to the extent
of Thirty three and One Third ((33 10 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 T. B. Mobley and ]. IT,
Clolinger in the contract entered into by andI
between Z. X. Braud and c. F. Borah, in
and to 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.
sor Lumber & Mfg. Co. being conveyed to
Charles F. Borah on April 9, 1917, which
assignment together with certified copies of
the original contract were recorded on April
llth, 1917, in Conveyance Book 50, page all,
Of the records of the Parish of St. Tammany,I
assigned to the Braud Hardwood Lumber
Co., Inc. and which was in turn assigned
by the Braud Hardwood Lumber Co., Inc,
to T. B. Mobey and J. T. Clolinger.
SECOND: All the right, title, claim andI
interest of the said T. B. Mobley and J. T.
Clolinger, in and to that certain contract
dated October 90 1916. between A. G. 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: Braud, and by E. R. Braud to the
Braud Hardwood Lumber Co., Inc, and from
the Braud Hardwood Lumber Co., Inc, toi
7. B. Mobley and J. T, ClOlinger, the oris-i
NAL contract being filed for record in thei
'ffce of w. E: Blossman, by. Clerk and
ex-Oficio Recorder at Covington, on March,
}, 1917. said contract covering timber onl
what is known as the Hazlehurst tract.
THIRD: All the right, title, claim and
interest of E. R. Braud in and to that certain
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 as the supplemental contract entered
INTO by the same parties on October %, 1917.
The said Thomas B. Mobley, John T. Clo-
inger and Edward r. Braud compose all the
members of the Board of Directors Of this