The herald. [volume] (New Orleans, La.) 1905-1953, 1919-11-13
CHARTER CT THE AMERICAN LUMBER
BOX COMPANY, INC.

ana, Parish OF Orleans. Be it known, tn At
on this 18th day of September in the year
OF our Lord one thousand nine hundred and
nineteen and Of the Independence of the
United States OF America the hundred
and torty-fourth before me, Augustus q. Will
liaIns, a notary public duly commissioned
and qualified in and for the Parish OF Or
leans. City of New Orleans and therein
residing and in the presence OF tie witnesses
hereinafter undersigned, personally came and
appeared the Several persons whose names
hereurto subscribed who severally e
clared that availing themselves Of the pro-
visions of the laws of the State of Lousi-
ana relative to the organization and forma-
ton of corporations they do, by these pre-
sents. tor themselves, their associates, sue
cessors and assigns, as well as for such
associated with them, form and organize
themselves into, and constitute themselves
under the laws of the State of Louisiana, a
corporation for the purposes and under the
stipulations and agreements hereinafter set
forth and expressed, which they hereby
adopt as their charter or articles of incor-
poration, to-wit:
ARTICLE 1.-The flame ana title of this
corporation shall be American Lumber G.
Box Company, Inc.," and under that name
it shall have and enjoy a corporate existence
and succession for the term of ninety nine
(99) years from and after the date hereof.
This corporation shall have power and auth
GRITTY to contract sue and be sued in its
porate name; to make and use a corporate
seal; to hold, receive, hire, and purchase
real and personal property and to sell mort
gage and pledge the same; to borrow money
and issue bonds, notes and other obligations
All citations and other legal process shall
be served upon the President and in the case
Of his absence inability to act from any
cause, the same shall be served upon the
Secretary-Tr
ARTICLE 1.-THE domicile of this cor
poration shall be in the City of New Orleans,
State OF louisiana.
ARTICLE III-The object and purposes
for which this corporation is organized and
the nature of the business to be carried on
by it are hereby declared to be: to manu-
facture and to buy and sell lumber, boxes,
box shocks, veneers, shingles, timber and
logs, and all timber products, for domestic
sale or export; and in connection Herewith
to purchase, rent, or otherwise acquire and
own and operate box factories, veneer,
and planning mills, and to construct other
wise acquire and operate and use railways,
tramways, and all the rights of way for
the transportation of boxes, shocks, veneer,
logs, lumber, shingles, and other timber pro-
ducts, and other articles; TO buy, rent, or
otherwise acquire timber and other lands and
to acquire and hold lands for the use of
mills and timber yards, and to buy
or otherwise acquire timber rights on lands;
to purchase, rent or otherwise acquire and
operate barges, steamboats,, and other water
craft for the transportation of boxes, shocks,
veneer, logs, lumber, shingles and other tim
Der products and other articles; and gener-
ally to do and perfom any and all things
Incidental or appertaining to said object
ARiCLE IV.-The capital stock of this cor.
poration is hereby fixed at the of Five
Thousand (s5OGOOO Dollars, divided into
fifty (5O) shares of par value of One Hun
paid for in cash in such installments and
at such times the Board of Directors may
direct. The. amount to which the capital
stock may be increased shall be One Hun
One-half Q-O of the. authorized capital
shall be subscribed for before the filing
Of the articles Of incorporation, of which
fifty go per cent? percent shall be paid in
cash before. the corporation engages in busi-
ness, and the remainder within twelve Q2l
months. The remainder of the authorized
capital stock may be issued at any time by
the Board of Directors for money property
actually received, or labor done for the cor
poration. upon such terms and conditions
as the Board of Directors shall deem proper.
All transfers of stock shall be made on the
the outstanding certificates and pursuant
to such rules as the Board of Directors may
prescribe. No stakeholder shall have the
right to sell or otherwise dispose of his stock
without first offering 1t to the other stock
holders through the Board of Directors for
thirty days at its book value, for cash; and
all stock shall be held subject to this pro-
vision, and every sale. pledge, remembrance,
made subject to this provision of the. charter.
The board of Directors shall have the pow
er to receive subscription for and to issue
all stock hereafter subscribed for; but all
first be offered to the existing holders and
owners of stock at the time of such issuance
in proportion to their respective holdings.
ARTICLE V.-All the corporate powers
exercised by Board of Directors com
posed of not less than three, nor more than
five stockholders the number to be deter.
mined by the stockholders at their annual
meeting, but the. first Board of Directors
shall consist of three stockholders, two of
whom shall constitute a quorum for the
transaction of all business They shall be
vested with full power and authority to
make or authorize all contracts, purchases
and sales and adopt all bylaws, rules and
regulations for the government of the bust
ness and affairs of the company, and alter
and amend the same, appoint, hire and dis
charge all officers, agents and employees, fix
all salaries and generally DO and perform
all things necessary in the transaction of the
business. and affairs of the company. Said
Board shall fill all vacancies which shall
occur in their number. The Board of Directors
hereinabove provided for shall be elected
to be held on the Fourth Tuesday in January
of each year, beginning on the Fourth Tues
day in January, 1921, and the Directors so
elected Shall hold their offices until their
and the said Board of Directors at their
first meeting after their election, shall elect
from their number the officers of this cor
poration. All elections shall be held
at the office of the company under the super
vision of two commissioners to be appointed
by. the President. All corporate elections
shall be by ballot, and majority of the votes
cast shall elect. and each share of stock
snail be ertitled to orc vote, to be cast
either in person by proxy. Written notice
of all elections shall be given to the stock
holders by the Secretary, at least ten days
prior to all elections, said notice n be sent
by mail, postage prepaid, to the last address
Of each stakeholder as shown by the books OF
the corporation.
The first Board of Directors under this
charter. who shall hold their offices until
the Fourth Tuesday in January: 1921, shall
consist of the following stockholders and
the following officers, to-wit:
p H. Hogan, 223 So. White St.. New Oh
LEAFS, La, President John Dymond. Jr., 1909
Mzison Blanche Bldg, New Orleans La,
Vice President. A. c. Billet. s34 Audubon
St, New Orleans, La, Seoty-Treas.
These Directors and Officers shall con-
tinue to hold office until their successors
are elected ard qualified.
A failure TO elect directors at the annual
meeting shall not dissolve or affect the cor
poration, nor impair its management in any
respect, but the Directors and Officers IN
office shall remain in office until theii
member of the Board of Directors may appoint
any other director his proxy to act IN hi'
place and stead at any meeting OF the Board
the proxy being in writing and signed D,
such absent Director.