The herald. [volume] (New Orleans, La.) 1905-1953, 1918-03-07
CHARTERS.

lIoInger, in and to that ce-ta;, oo,.-...
u a1I CGto2er 70 1910: between A. G. Little
SoVington, the rights to which contract have
9y various assignments passed TO the said
FIX +, n 1 Fraud, and BY E. R. Braud to the
~ MAJ iiaIdTood Lumber Co, Inc, and from
l. b. Mobley and J. T. Clolinger. the orig.
nal contract being filed for record in ne
oihSe OF ". T. Blossman, by. Clerk and
N'G I6IS recorder at Covington, on March
what IS known as the Hazehurst tract.
Third; All the right, title, claim and
an a. OF Z. X. Braud IN and to that certain
contract dated August 20, 1917, entered into
T. n Braud and Paepcke-Leicht Lumber Co
as well as the supplemental contract entered
INTO by the same parties on October 20. 1917.
Inc me sai 9 r 1omas B. Mobley, John T. Clo-
members of the Board of Directors of this
corporation in accordance with the require.
m me OF the law and particularly Of Act
20 OF lgI+ Of the Legislature Of the State
Of Louisiana, hereby value and apprajse the
right. title and interest Of said Thomas r.
MHoolsy' John, T. Clolinger and Edward r
the sum Of 'Te s G0pSSs a9Essqd at
Article Vial the powers OF This corn3.
ration shall be vested in and exercised bv
a Board OF not less than Three 90 nor more
man rive 90 Directors. as determined in
advance each year by the stockholders at the
annual meeting Each Director shall be a
bona hde stakeholder. and shall own at ali
times one % full paid non-pledged share Of
stock. The first Board OF Directors shall
Thomas b. M?bley. rs Union St. New
Orleans, La, John T. Clolinge-. Nicholson.
Miss, Edward r. B-aud, Nicholson, Miss.
he hTst officers OF this corporation, with
their addresses are as follows:
Thomas B. Mobley. 755 Union S., New
Orleans. as President; John T. Clolinger. /
Nicholson, Mississippi, as Vice-president.
Edward r. Braud, Nicholson, Mississippi, /.
as Secretary-Treasur
The above Board Of Directors shall hold .
office until the FIRST annual meeting on the .
Second Tuesday of january, 1919, or until .
t4ciT successors are elected and qualified .
Each succeeding board shall continue to hold .
are elected and qualified. The persons 70 be
hereafter elected directors for subsequent
years shall select from their own number
President, NiCe-PrcSident. Secretary-Treas. I
urer. The Board of Directors may combine
any two OF the above officers in one and
III" same person.
On the Second Tuesday Of January Of each
year. unless the same should fall on a legal
holiday, then upon the next following Law
Day, the stockholders shall elect Board OF
Directors for the ensuing year The election
't Directors shall be by ballot and the per
sons receiving the majority OF votes cast
shall be elected. For electing directors or
or any other purpose each share Of stock
shall be entitled 70 one vote, whether pres
III VI ~ proxy. DlI no fractional snare OF
'tock shall be entitled 10 vote. majority
u the Directors voting n any one time in
person or by proxy, shall be required to pass
my resolutions or adopt any bylaws. and :
which, when 50 adopted, shall become valid
orporate acts. In case of vacancy on the
}oard or among the officers for any cause, Y
he remaining members of the Board shall p
AVE the power 10 fill the vacancies The /
aid Board of Directors shall have the power
o enact such bylaws, rules and regulations 4
:, IN their opinion, may be necessary and r
roper for the management, operation and :
outrol OF the business of said corporation +
Article Nli.-Notice of all meetings OF :
tockhOlders held for the election OF Drec- :
DIS, or for any other purpose shall be given f
n writing by the Secretary and nav be a
erved personally or deposited in the mail
ddressed fifteen G5) days before such meet q
1g is held, and directed 70 each stockholder =
: his last known address. as the same shall n
ppear upon the books of the corporation, p
Mess said notice is waived in writing by :
Il OF the stockholders appearing upon the r
ooks. At all meetings OF stockholders o
laJority OF the votes cast shall be sufficient
} elect and decide all questions voted upon n
rcept for the alteration. amendment or the q
issolution of the corporation.
Article VIII.-This act of inco-poration :,
ay be altered, amended, or modified or the T
dissolved by a vote of three. ;,
'urths in amount of the capital stock rep 81
scented at a general meeting of the stock ID
llders, called for that purpose after notice
provided in Article VII of this charter: h,
I'd in case Of dissolution of the corporation ri
e stockholders at such meeting shall elect s.
rec CD liquidating commissioners. who shall BE-
I'VE entire charge of such liquidation, with az
lthority to sell and dispose of the assets III