The herald., 1918-07-18
CHARTERS.

DER logs, box SHOCKS and wooden pack
ages of all kinds. and all other timber
products, for either domestic sale or cX-
port; and to that end TO purchase, lease
.or otherwise acquire and operate veneer
mills, box factories and saw-millS in the
state OF Louisiana and elsewhere; to con
struct, acquire and use railways, tram
ways and other roads or rights Of way
for the transportation of veneer. boxes.
shocks, lumber, timber, logs and other
products; to buy, lease or otherwise ac-
quire timber lands and timber rights on
land, and 10 acquire, lease, hold and buy
lands for the use of saw mills ana fac
tories and timber yards in the State of
Louisiana, or elsewhere. TO acquire by
purchase, lease or otherwise. patents and
inventions that might he used FOR the pur-
poses of the business of this corporation.
and generally to do and perform any and
all things necessary or convenient to car
Try on said objects and purposes.
Article " The capital stock Of this
cooperation is hereby fixed at the sum of
ten thousand tSlOuOOuO) dollars divided
into one hundred GOOl shares of the par
value Of one hundred tSlOOOO dollars each
provided, that the amount to which the
capital stock of this corporation may be
increased shall be twenty-five thousand
tS25 100000 dollars. Fifty iJOD shares or
five thousand ($JOUOOOJ dollars OF the cap
ital stock of this corporation must be sub
Iscribcd before the filing of the articles of
Incorporation. The subscribed capital
stock of this corporation shall be payable
lin cash, property trcal or PERSONAL. or
flor labor and services rendered and per
formed.
No stakeholder shall ever be held liable
Tor responsible for the faults, contracts or
debts of this corporation in any further
sum than the unpaid balance due the cor
pOratlOn on the shares of stock SubScrib-
ed by him, nor shall any mere infOrmality
lin organization have the effect of render
ing this charter null. or of exposing any
shareholder to any liability whatsoever.
This corporation shall not engage In
business until fifty Ci0l shares or five
thousand tSJ.OuO.UOb dollars of the capital
stock shall have been issued and paid in.
lin cash or for property. or for cash and
property, and if any stock OF this cor
IpOration is exchanged, either in whole or
in part for property or good viii, in that
levent the provisions of Section of Act
I26I of 1914. shall be complied with strictly.
Article N.-Al 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
whom shall own in his own right during
his term Of office. at least one fun paid
share Of stock, two of whom shall con
>titute quorum for the transaction Of
business.
Article VI-The officers of this corpora
ton shall consist of a President, Vice
President, Treasurer and Secretary, all
of whom shall be members of the Board
of Directors.
The following named shall constitute the
first Board of Directors, tO-wit:
Nelson Jensen, 1927 Napoleon Ave. New
Orleans. La, David +. Dixon, 1926 Peters
Ave, New Orleans, La. William X. VI.
Whitney Baton Rouge, La, all residents
of the State of Louisiana, as above stated,
with Nelson Jensen, president, David +.
Dixon, vice president and treasurer, and
William L.. NJ. Whitney, secretary, and
these directors shall hold office until the
first Monday of July 1919 or until their
successors are duly elected and qualified.
Thereafter the directors shall be elected
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 in 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 a forfeit
urc 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 be tlXed 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 at such times as he
quired to call such special meetings at the
| request of member of the Board of Di-
| 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 to
| 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 OF
the case may require.
| Article NII.-The stock of this corpora
ton may be transferred. provided such
| transfer shall he recorded on the books
| of this corporation before ii shall be 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 ($5.000.0O) 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
to sell his stock, shall be at liberty to do
so at whatever price and to whom he shall
please.
| Article WILKINS CndTteF may De
! flied or altered, the capital stock thereof
| increased or decreased, or the corporation
may be dissolved with the assent of two
| thirds of the capital stock present or rep
| resented at any meeting of the stockhOld-
| er held for that purpose after prior no
\ tice in writing to each stakeholder, mail
| ed to him at his last known post-office
address, all in accordance with the terms
| of Act 267 of 1914.
Article IX.-At the expiration of this
charter or the earlier dissolution OF this
corporation for any cause, its affairs shall
be liquidated by one or more Hquidators
to be elected by the stockholders. all OF
whom shall hold stock in this corporation
and said liquidatOrs 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 stocl
of this corporation, to-wit:
| Nelson Jansen, 1927 Napoleon Ave, sew
enteen 40 shares; David +. Dixon, 232'
Peters Ave, seventeen 90 shares; VIM
X. W. whitney, Baton Rouge, La, hereiI
| represented by sig. S. Levy of New Or
annexed, sixteen (l6) shares, all of which
shall he paid in cash.
Thus done and passed at my office II
this city of New Orleans, Louisiana, o.
= the day, month and year hereinabOye frs
e written, in the presence of Francis i
Burns and Arthur Ryan, competent wit
nesses, who hereunto sign their names, to
Notary. and the said appearers have ais
set opposite their names the number Q
= shares subscribed by them, all after du
reading of the whole.
ii Original signed):
n. Jensen. IL shares; ID. f. Dixon,