The herald. [volume] (New Orleans, La.) 1905-1953, 1918-06-13
CHARTER OF
FOYE TIE TIMBER CO, INC.


lana, Parish of Orleans, City of New
Orleans.
BE it known. that on this first day of
the month of June in the year of our Lord
one thousand nine hundred and eighteen.
and of the Independence of the United
States of America. the one hundred and
forty second: Before me, Theodore 4.
Schuber. a Notary Public. in and for the
Parish of Orleans State of Louisiana, du
ly commissioned. sworn and qualified, and
in the presence of the witnesses herein
after named and undersigned: Personally
came and appeared:
The several parties whose names are
hereuntO subscribed, who severally de-
clared, that, availing themselves of the
laws of the State of Louisiana, in such
cases made and provided. they have COW
enanted and agreed. and do, byt these
presents, covenant and agree. and bind
themselves. as well as all other persons
who may hereafter become associated with
them, to form a corporation, and body
polite in law, for the objects and pur-
poses, and under the articles and stipula-
tions. following, tO-wit:
Article THE name of this corporation
shall be "FOye Tie & Timber Co, Inc"
and under its said corporate name. it
shall have power and authority to enjoy
corporate existence and succession, for
the full term of ninety-nine years. from
and after the date hereof, to contract,
sue and be sued. to make and use a cor
porate seal. the same to alter at its pleas
ure; to acquire by grant, gift or other
WISE nOlu, receive, nypOtnpcaIe. convey.
lease. SELL pledge, mortgage and dispose
of, property real, personal and mixed, to
issue negotiable bonds and notes or 9TH
er evidence of debt. to name and appoint
such managers, agents. directors and Off
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-
lions 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 of
other corporations, and further enjoy and
exercise all the rights and privileges
granted under the laws of this State and
more especially under Act 267 of the Lou
isiana Legislature of 1914.
Article 1.-THE objects and purposes
for which this corporation is organized,
and the nature of the business to be car
ried on by 1t, are hereby declared to be
To conduct and transact a general lum-
Der, 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 other
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
others; to acquire, by purchase or other
wise. to sell, pledge. exchange, and other
wise deal in capital stocks, bonds and
other securities; to build, construct, fit
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 OF
| country; to furnish and supply facilities
| for and to engage in the business of car
rage 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 literagt
| 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 1II.-The capital stock of this
corporation is hereby fixed at the sum OF
| fifty thousand dollars, (S500O0.O0), to b,
! represented by five hundred $500 shares
| of the par value of one hundred dollar.
| (s1O0.O0) each. The capital stock of thi,
| corporation shall be payable in such in.
stallments and under such conditions a.
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 a going concern and authorized to dc
business, as soon as fifty (50l per cent
of the authorized capital shall be sub.
seribed for. and at least fifty (5O) percent
| of all stock so subscribed for shall bs
paid for. The capital stock of this cor.
poration may be increased to five hun
dred thousand dollars $500, OOOO0).
Article Iv.-The domicile of this cor
poration shall be in the City of New Or
leans, La, where all meetings Of the