The herald. [volume] (New Orleans, La.) 1905-1953, 1919-09-11
CHARTER OF GEORGE DENDINGER
LUMBER COMPANY, INC.

United States OF America, State Of Loui.
lana, Parish Of Orleans BE 1t known, tia
on this 9th day Of the month Of August ,
the year 1919 before me, Jacob ID. Dresncr
i Notary Public, duly commissioned al
qualified in and for the Parish Of OrIcan:
State OF Louisiana, and in the presence d
the witnesses hereinafter named and under
signed. personally came and appeared; tn
several persons whose names subscribed
severally declared that they are all Of Lawful
age and that avaIllng themselves Of tn
privileges Of the statutes and laws Of tn
State OF Louisiana. relative TO the formation
Of corporations, and particularly Act No. %
OF the session OF the General Assembly %
/ the State OF Louisiana, OF 1914, they hay
covenanted and agreed, and do by thes
presents covenant and agree and bind an,
Obllgate themselves, as well as all such per
sons may hereafter become associate,
with them, 10 form and constitute a body
corporate and polite in law, for the object
and purposes. and under the s;ipulatons an,
| provisions following, to-wit:
| ARTICLE 1.-The name and title of thi.
| corporation shall be George DendInger Lum
| Der Company, Inc. and under that nam,
! shall have and enjoy all the rights, prIvi
| iegeS, and advantages granted by law to cor
poratIonS, and shall have the power and al
| thOrIty to enjoy succession and corporate eN
| stence for and during the period of ninety
nine (29) years from the date hereof, unles,
| sooner dissolved in the manner hereinafter
provided Tor. said corporation shall have
power and authority to contract. To sue and
| be sued To make and use a corporate seal
and the same to break, alter or amend at
! pleasure, to hold, receive, purchase, convey
deliver. mortgage, hypothecate, and pledge
any property, real or personal, and to issue
notes and other obligations negotiable in
strumentS, or other evidences Of debt; to have
and employ such managers. agents and other
employees the interest and convenience
OF SAID corporation may require or demand,
"A "a max md ahl Oh -, -, -.
and regulations for the corporate management
and control OF its affairs as may be deemed
necessary and expedient.
ARTICLE 1.-THE objects and purposes
tor which this corporation is created are
hereby declared 10 me the buying, selling.
manufacturing, and exporting OF lumber and
other goods, and TO own, buy, build, operate,
lease, or sell. wharves, piers. tramways
ships, and other means Of sportation /:
saw mills, establish agencies, and generally
to do any and all things and acts whatsoever
and necessary, incidental TO, connected with
or relating 10 the aforesaid business
ARTICLE III.-The capital stock of this
corporation IS hereby fixed at Fifty Thou
sand (S9oUo0) Dollars. divided into or
represented by five hundred (SO0 shares NJ
the par value of $1,000 each OF which twenty
1--WE thousand (S25.OOO) Dollars or two hun
dred and fifty $50 shares of said stock
shall be preferred stock and s25,UOOO or two
hundred and fifty (2SO shares shall he cam
be issued shall be paid dividend of seven
N|ol per cent per annum. out of the profit
OF the said corporation before the common
STOCK shall receive any dividend.
All earnings in excess of seven Gc,) Der
cent shall be participated in only bv the com.
mon stock. The directors OF the corporation
snail nave the right to retire on ten DAYS GOD
notice to the holder holders the preferred
stock or any. part thereof by paying such
holder or holders par value plus Interest ~
/
OF issue II retired before a dividend period
or with per cent interest from the date
OF the last dividend period. If at any divi-
dend period the earnings not sufficient
to declare a seven Gfc) per cent per an
mum dividend the preferred stock then
said preferred stock shall be entitled TO re.
celve out OF future earnings such additional
amount as viii total a dividend of seven
Hfc) per cent for any previous dividend
that was less than seven (7G6) per cent
Upon the retiring of the preferred stock
or any part thereof the directors shall have
me rlght to increase what is now the common
STOCK by the number of shares OF preferred
stock that have been retired. All stock when
issued snail be paid for in cash or property
or IN the equivalent thereof No certiff
cate cate, OF stock shall be issued until the same
Sndll nave been paid for. The stock shall
be evidenced by certificates issued and sign
ed by the president and secretary. All shares
OF stock shall be issued as full paid and non
sassessa6ie and no transfer of stock shall he
Iaj
on its books. >N'' u0u
No stakeholder of said corporation shall,
sell ms stock to any person not already a
st9ckholder, until he has first offered II for
sale during period of thirty DAYS IN The
men men stockholders of the corporation at its
oooN Tdlue' and any transfer of stock made
IN violation of this provision shall nor he
recognized by the corporation. The caDital
stock OF this corporation may be increased
10 10 one hundred Thousand ($lOO,OOOO) Dor
sent may be preferred stock. and which pre.
ierTed stock shall be subject TO reference,
ana the common stock subject to corresnon1' |
ing increase on the same basis as hereinbe. |
,So oop oo 1or' under the capitalization OF
s2O'VDOo and by vote of two thirds r. a |
d all OF the issued stock of this cornoration |
AZ special meeting called for that nurnoss |
alter fifteen Q0 days notice of such meefing
to each stakeholder ~ man
In case of absence, sickness. or otbe- d;s
ipIhty to act, each stakeholder shall have
NC riRht 10 appoint 4 stockholder as Nov
o represent him. who shall have the Tigbts
ma powers of his constituent, or he NAV
,L;, ms vote by letter, the signature of
'hich must be Acknowledged before no,.ru II
'tt! or other officer authorized TO take II
,llludVltS' lhis corporation shall be 90 II
ng concern as soon as Twenty-Five Thu.
l"b S@'Upocl Dollars of its capital stock
5 Deen subscribed as hereinabovp nrov;deJ
ARTICLE IV.-The domicile of ~ ns u
oration shall be in the CITY of New a.
cans Parish Of Orleans. State of Iouis;ara
no all CITATION or other legal process sb,Ii
e served upon the president, and in his ali
ence' as the law directs
ARTICLE V.-All of the powers Of HI.
operation shall be vested in. and the man.
cement and control of its affairs shall he
NerclSed by board of directors to he cor,.
oSed OF not less than three 81 nor more
nan five 20, a majority of whom shall con-
ltute quorum for the transaction Of the
OF the corporation, each Of whom
ian own IN his own right, during the term |
ms office, at least one full paid and nm
logged snare OF the capital stock of this
pfPoratIor The first board of directors Of |
US corporation shall be composed Of |
gorge Dendlnger. Theodore Dendinger, IT..
hd 1eorge /. Wayne. The officers of the |
rst board of directors shall be George Den.
niger, resident; Theodode Dendinger. Jr..
ice-PTesident, and George T. Wavne Sc |
,tary Treasurer. The said first board ~ |
lrectors and the said officers above r.-,,5 |
nall serve and remain in Office mil the |
econd Monday in July, 1920. on which dav |
M annually thereafter the board Of direr / |
ITS shall be elected by TIE stockholders at |
meeting called for that purpose All di. Il
ctors and officers shall hold office until |
leir successors are elected and qualified and ( |
ny failure to eject directors shall not be | |
garded as forfeiture of this charter. In |
e election Of directors each common stock |
older shall be entitled TO one vote for each
iare OF stock owned by him and standing
his name the books of the COMPANY. |
I'd may be cast either in person or by let.
T, or by duly authorized proxy and ma