The herald. [volume] (New Orleans, La.) 1905-1953, 1918-08-08
CHARTERS.

Der. logs. box shocks and wooden pack
ages Of all kindS. and all other timber
products. for either domestic sale or cN.
port ana to that end to purchase lels,
|or otA"rwi>" a,quir" and operate veneer
'Wlil~, box factories and Say-miIlS i'm tho
state OF Louisiana and elsewhere, To con-
IHiFd't acquire and use railways. tram
ways ana other roads or rights OF way
Iior the transportation of veneer. boxes.
SHOCKS. lumber timber logs ma other
/ products; to buy. l'a>" or otherwise ac-
IVHlrr timber lands and timber rights on
{ Hnl. dnd 10 acquire. lease hold and buy
Hands for tn" use of saw mills and fac
tories and timber yards. IN IA. state OF
I Louisiana, or cl>cN here: TO acquire hN
purchase, lease or otherwise. patents aud
Inventions that might be used for the UUr-
poses of the business Of this corporation .
land generally To do and perform any and
Ian things necessary or convenient to car
Try On said objects and purposes.
Article " The capitaI stock of this
corporation X hereby nN"d at the sum OF
I ten thousand 'SlOOOOOUi dollars. divided
into on" hundred tlOUi shares of the par
value of one hundred t$lOO.OOl dollars each
provided. that the amount To which IA,
|c"pital stock OF this corporation may be-
increased shall be twenty five thousand
lH-'oooVW dollars. Fifty tjol shares. or
five thousand tSjOOO.Oo) dollars OF the cap
. itul stock Of this corporation must be- sub
scribcd hcfor" the filing of the articles of
Iinrorporatlon Tn" subscribed capital
IStOck Of this corporation shall Ice payabIa
! in cash, property (real or per>ouaD. or
for labor and services rendered and per
formed.
No stakeholder shall ever be held liable
Tor responsible for the faults. contracts or
ldebtS of this corporation in any further
sum than the unpaid balance due the cor
pOratiOn on the shares of stock >uhScrib-
4 ed by him, nor shall any mere iuformality
/ in organization have the effect of render
ing this charter null. or of exposing any
shareholder to any liability whatsoever.
! This corporation shall not engage I'm
business until fifty tJ0D shares or five
Thousand tNJOOOOOD dollars OF the capital
IStOCk shall have been issued and paid in.
/ in cash or for property, or for cash and
] property, ana If any stock of this cor
IpOratiOn is exchanged, either in whole or
| in part for property or good will in that
event the provisions of Section , of Act
2iI of 1914, shall be- complied with strictly
Article V.-All the corporate powers of
! this corporation shall be vested in and
Exercised by a Board of Directors to be
composed OF three stockholders. each OF
IMhOm shall own i'll his own right, during
! his term Of Office. at least one fun paid
| share Of stock, two of whom shall con
! stitute quorum for the transaction of
/ business.
Article VI-The officers of this corpora-
| ton shall consist of President. Vice
/ President, Treasurer and Secretary. all
/ of whom shall be members OF the Board
1 of Directors.
The following named shall constitute the
| first Board of Directors. tO-wit:
| Nelson Jensen, 1927 NaDOleon Ave New
| Orleans La, David +. Dixon 232G Peters
! Ave, New Orleans, La, William X. VI.
Whitney. Eaton Rouge. La, all residents
of the state of Louisiana, as above stated,
with Nelson Jensen, president, David +.
| Dixon, vice president and treasurer, and
| William Il. VI. Whitney, secretary. and
| these directors shall hold Office until the
| hrSt Monday of July 1919, or until their
successors are duly elected and qualified.
a., a,
annually. on the first Monday of July of
each year: all elections of directors Shall
| be by ballot, and each stakeholder shall
! be entitled to one vote for each share of
/ stock standing III his name on the books
of this corporation, this vote to be cast in
person or by written proxy, and il shall
| require twO-thirdS of the stock present or
| represented to elect.
| Failure to hold an election for directors
| on the first Monday of July 1919, or an
| nually thereafter, shall not work forfeit
| ure of this charter, but the old Board of
! directors shall remain in Office until their
| successors are duly elected and qualified.
| Article VI The Board of Directors
] shall hold regular meetings at such times
| as shall he fixed in the bylaws of this
| corporation. These meetings shall be held
at the dOmicile of the corporation, but the
| president may call special meetings of the
/ Board of Directors mt such times as he
| may deem advisable, and he shall be re-
quired to call such special meetings at the
| request of member of the Board of Iii
| rectOrS. Three days written notice of such
special meetings shall be given to the di-
rectOrS, unless waiver of such notice is
| signed by the directors. ANY vacancy Oc-
| curing in the Board of Directors, either
from death, resignation or inability "a
| serve, shall be filled by the remaining
Board of Directors at its next regular
meeting after such vacancy shall have Oc
CURED. The first Board of Directors Of
this corporation shall be required to draft
suitable bylaws for the government OF
this corporation, which may be altered
amended or. changed as the eXigencies oil
the case may require.
| Article NII.-The stock of this corpora.
ton may be transferred, provided such
transfer shall be recorded on the books
| of this corporation before it shall he re.
quired to recognize the transfer or the
new holder of holder of said stock. The
total amount of the subscribed stock as
herein set forth, is the sum of five thou
sand (SJ.OOO.O0) dollars, or fifty 600 shares
which are hereby authorized to be issued
fully paid for and worcestershire, for cash
| In the event that any stakeholder de-
| sires to sell his stock, or any part there
of, he shall first offer same to the remain
ing stockholders in proportion to their
| respective holdings, at its book value. This
| offer Is to be made to appear by letter adj
dressed to each stakeholder at his last
known address. At the expiration of
which time, the said stakeholder desiring
to sell his stock, shall be ut liberty to do
SO at whatever price and to whom he shall
| please.
| Article WILKINS cnarter may De MOD
! flied or altered, the capital stock thereof
| increased or decreased, or the corporation
may he dissolved with the assent of two
| thirds of the capital stock present or rep
| resented at any meeting of the stOckhod-
| er held for that purpose after prior no
| tice i'll writing to each stakeholder, mail
\ ed to him at his last known post -OfIice
| address, all in accordance with the terms
of Act 267 of 1914.
| Article IN.-At the expiration of this
charter or the earlier dissolution of this
corporation for any cause, its affairs shall
be iquidated by one or more liquidatOrs
| to be elected by the stockholders all OF
whom shall hold stock in this corporation
and said lquidatOrs are hereby vested
with full power and authority TO liquidatt
the affairs of said corporation.
Article X.-The appearers hereby declare
that they have subscribed to the follow
ing number of shares of the capital stock
| of this corporation, tO-wit:
Nelson Jansen, 1927 Napoleon Ave- sew.
enteen 90 shares; David +. Dixon, 232t
Peters Ave, seventeen 40 shares; VIM
X. W. Whitney, Baton Rouge, La. hereiI
represented by Sig. 5. Levy of New Or
leans, La, by power of attorney hereto
annexed, sixteen (16) shares, all of which
shall be paid in cash.
Thus done and passed at my office IL
this city of New Orleans, Louisiana, OF
the day, month and year hereinabOve frs