The herald., 1918-07-18
CHARTERS

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| Of property real, personal and mixed, "a
issue negotiable bonds and notes or oth-
\ or evidence of debt, to name ana appoln'
such managers, agents, directors ana ON
GERS as its business interest ana conNenl
ence may require; to make and establish
| as well as to alter and amend, from time
to time such bylaws, rules and reguia-
tons for the proper management Oh tnt
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 Oh
other corporations, and further enjoy and
exercise an the rights and privileges
granted under the laws of this state, and
more especially under Act 26I 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
| rird on by il, are hereby declared 10 he
To conduct and transact a general nm-
her 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 lor
others; to acquire, by purchase or other
wise, TO sell, pledge exchange, and other
wise deal in capital stocks, bonds ana
other securities; TO build, construct, nj,
equip, furnish, own, purchase, Chartef,
use mortgage, operate, deal in and sell
boats, barggS 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 or
country: 10 furnish and supply facilities
for and to engage in the business Of car
riage and transportation of freight, goods,
hWarpS 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 htcIage
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 hcrciHabovc set forth, as the Board Of
Directors may elect or determine.
Article UI,-Thc capital stock of this
corporation is hereby fixed at the sum of
fifty thousand dollars. tS5OOUOm, to be
represented by five hundred tJoO) shares
of the par value of one hundred dollars
| 100000 each. The capital stock of this
corporation shall be payable in such IN
StallmcntS, and under such conditions as
] 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 Il going concern and authorized to do
business, as soon as fifty (JO) per cent
| of the authorized capital shall be sub
scribed for, and at least fifty (5O) percent
| Of all stock so subscribed for shall be
paid for. The capital stock of this cor
pOratiOn may be increased to five hun
bred thousand dollars (S500,O0O.OO).
Article IV.-The domicile of this cor
pOratiOn shall be in the City of New Or
| leans, La, where all meetings of the
stockholders of directors must be held
provided that with the written consent
of all the directors, valid meetings of the
directors may be held outside of the state
| or within the state, elsewhere than at its
domicile. Citation shall be served upon
| the President, or In his absence or dis
| ability, upon the Vice President, and in
the absence or disability of the latter up
\ on the Secretary.
\ Article V.-Ail the corporate powers OF
| this corporation shall be vested in and
| exercised by a Board of Directors, four in
1 number, all of whom shall be stOckhOld-
erS, to be elected on the third Monday in
| June of each year, commencing with the
| third Monday in June in the year 1919
with the understanding that the first
! Board of Directors selected by the stock
holders and named in this charter, as well
as the first set of officers, as hereinafter
named shall hold office until the third
| Monday in June, 1919, or until their sue
cessors have been elected and qualified.
| After the election of said Board of Di-
rectOrs, as herein provided, there shall be
| elected by said directors from their num-
Der, the officers of this corporation, which
| are as follows: list: President, 2nd: a
| Vice President, and 3rd; \ Secretary and
| Treasurer which last two offices shall be
| combined in one person. The Board of
| Directors may name and appoint an AS
| siStant Secretary, who need not he a stock
holder, as well as to appoint other agents
and employees, who shall, respectively,
have such power and perform such duties
as may be prescribed by said Board, and
who may be removed at the pleasure OF
the Directors.
The Directors shall have the right to
fill all vacancies occurring in their num-
ber whether resulting from death, resig-
nation, or otherwise.
The first Board of Directors, and the
officers of this corporation shall be the
following, and which said Board of Direc-
tors and officers shall serve until the elec-
ton to be held on the Third Monday OF
june 1919, or until their successors are
elected and qualified. The addresses OF
said directors and officers are set OppOs-
lite their respective names: William J
FOye, President, address: Omaha Natl
Bank Bldg, Omaha, Neb.; Frank j. Trcka
Vice-President, address: 1929 MaisOn
Blanche Bldg n. O., La; Herman X
Schroeder, Secty-Treas. address: Omaha
Natl Bank Bldg, Omaha, Neb@; Guy V
Furay, Director, address: Omaha Nat
Bang Bldg, Omaha, Neb.
Article NI.-The annual meeting of the
stockholders of this corporation for the
election of directors shall be held on the
third Monday of June of each year, com
mencing with June, 1912 until which time
tile officers and directors named in this
lcharter shall continue in office, or until
their successors have been elected and
Iqualified. The election for said directors
shall be by ballot, and the majority in
amount of the stock voting, shall elect
the persons for whom they are cast. Each
| share of stock voted upon to be counted
for but one vote. Said stock, shall not be
lentitled to cumulative voting.
| The Board of Directors shall give at
| least fifteen days notice by mail of the
| election of said Directors, and shall APP
point one or more stockholders to preside
| at such election. Any failure from any
| cause whatsoever to elect directors on the
day named for that purpose shall not dis
| solve the corporation, but the directors
and officers then in Office shall hold over
until their successors are chosen and
qualified.
Article Vino stakeholder shall ever
he held liable or responsible for the con-
| tracts, faults or debts of this corporation,
nor shall any mere infOrmality in its or
ganization have the effect of rendering
this charter null, or of exposing its share
| holders to any liability beyond the I'M
| paid balance due on the stock owned by
4 them.
| Article vIII.-The names and postoffice
| addresses of the subscribers to these ar
shares of stock subscribed by each are as
| follows:
VIM. J. Foye, Omaha Natl Blk. Bldg,
| Omaha, Nebraska, PAT shares; Frank j.
| rrcka, 1929 Maison Blanche Bldg, New
| Orleans, La, share; Herman r. Schroed-
er, Omaha Natl. Blk. Bldg, Omaha, Ne
! braska, 1 share; Guy V. Furay, Omaha
share.
| Article IX.-This charter may be amend
| ed, altered or changed, at a special meet
/ ing OF the stockholders called for that