The herald. [volume] (New Orleans, La.) 1905-1953, 1918-03-21
CHARTERS

I
bers, President, and two (2) Vice Pres
! idents; they shall also elect a TREASURED
and Secretary. The last two named
| officers may or may not be members Of
the Board of Directors and the two office.
may be combined in one person as the
| Board may determine.
All of the said officers and directors a:
above provided for shall hold their re
year from the date of their election oil
until their successors are duly elected
except the first Board herein provided
for whose term will expire on the frs
| Tuesday of January 1919, or until theil
successors have been duly elected, but the
| failure to hold an annual election or q
| elect the officers as above provided fol-
shall not result in the dissolution of thi:
corporation but the then Board of Di
rectOrs and officers shall hold their re
| spective Offices until their successors arr
duly elected.
| Any vacancies occurring on said BOARD
| of Directors shall be filled by the remain
| ing members of said Board for the un
expired term, at meeting called for thai
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
a second meeting may be called for the
purpose of electing said Directors as
| above provided or the election may be
made by the stockholders at a special
| meeting called for that purpose in the
manner herein provided for the election
| of Directors and should a 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-
ers, or employees who shall respectively
have such power and perform such du-
ties at such place or places as may be
prescribed by the bylaws or by the
Board of Directors and who may be re-
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 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. III. Kurth, Jr., of Pawnee, La,
Mr.. Simon W. Henderson of Keltys. Tex
as, with the said Mr.. Walter Il. Chilean
as President; the said Jos. III. kurth, Jr.,
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
prov ided for.
Article VI.-This corporation may be
a oil -aI h.~ x-nNa II Il, id Af
outstanding capital stock thereof at a gen.
eral meeting convened for that purpose
| in the manner provided for the calling
of the stockholders meetings to elect di-
rectOrs and otherwise in conformity with
the laws of this State.
Whenever this corporation is dissolved
either by Limitation or otherwise, its af-
| fairs shall be liquidated by three liquida-
| ting commissioners to be elected at such
general meeting of the stockholders who
| snail proceed with the liquidation only
upon a certificate of the Secretary of
| State. all as provided for by the laws OF
this State. And in case of death, resig-
| nation or inability to act Of any of said
commissioners, the surviving commission
or or commissioners shall appoint sue
cessor and together they shall continue
the liquidation to its termination.
Article vII--This charter may be
thirds Of the capital stock issued at a
general meeting called for that purpose
after thirty 1907 days prior notice in
writing having been sent to each stock
holder at his last known address.
No stakeholder shall ever be held IL
able or responsible for the contracts or
faults of this corporation in any further
sum than unpaid balance due the Com
pany on the share of stock owned by him
nor shall any mere infOrmality in the or
ganization hereof have the effect Of rend-
ering this charter null, or of exposing
any stakeholder to any liability beyond
such unpaid balance that may be due on
his stock.
The subscribers hereto are:
Walter b. Chilean who resides at No.
1905 Palmer Avenue, New Orleans, Lou
isiana, and who subscribed to 125 shares
of the capital stock of this corporation,
payable in the manner and mode herein
after designated.
Buckner Chipley, who resides at No.
22O5 Pension Street, New Orleans, Lou
isiana, and who subscribed to IS shares
of the capital stock of this corporation,
payable in the manner and mode herein
after designated.
j. A. Taylor, who resides at 1917 Henry
Clay Ave, New Orleans, Louisiana, and
who subscribed to go shares of the cap
ital stock of this corporation, payable in
the manner and mode hereinafter desig-
mated.
Simon W. Henderson, who resides at
Keltys, County of Angelina, State of Tex
as, and who is herein represented by
Buckner Chipley, his sgent and attorney
In fact, per procuration hereto attached.
and who subscribed to l share of the cap
ital stock of this corporation, payable in
the manner and mode hereinafter desig-
mated.
Joseph III. Kurth, Jr., a resident of
Pawnee, Parish of Allen, State of Louisi-
ana, and herein represented by Buckner
Chipley, per prOcurati0n hereto attached,
and who subscribed to 249 shares of the
capital stock of this corporation, payable
in the manner and mode hereinafter des-
ignated.
And the parties hereto hereby declared
that they subscribed for the number of
poratiOn as set opposite their respective
signatures, in order that this Act of In
corporation shall serve as the original
subscription list, and the payment of said
stock is fully made and liquidated by the
transfer, conveyance, delivery and aban-
donment to this corporation of all of their
rights, title and interest in and to a GER
tain contract of lease made and entered
into on November 30th 1917, by and be-
tween the Vernon Parish Lumber Com
pany, a corporation created under the
laws of the State Of Louisiana, and domi-
isiana. and Buckner Chipley, Trustee, Of
the City of New Orleans, Louisiana, and
wherein the said Buckner Chipley acted
for and represented himself and the other
parties hereto, and which said lease is
for turpentine purposes, and covers all
growing upon the 15,152.4S acres of land
designated in the exhibit marked "a" and
attached to the lease aforesaid, and which
said lease is for period of three 80
years subject to the terms and conditions
set forth therein; ali of which will more
said lease and the assignment thereof, an
nexpd to these articles or ineorporati0n