The herald. [volume] (New Orleans, La.) 1905-1953, 1919-11-06

on this 18th day of September in the year
of Lord one thousand nine hundred and
nineteen and of the Independence OF the
United States of America the one hundred
and forty fourth before me, Augustus g. Will
liams, 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 the witnesses
hereinafter undersigned, personally came and
appeared the several persons whose names
are hereurto subscribed who severally ie
clared that availing themselves of the pro-
visions of the laws of the State of L1Ouisi-
ana relative to the organization and formA
ton of corporations they do, by these pre-
sents, tor themselves, their associates, suc-
SCISSORS and assigns, as well as Tor such
other persons who may hereafter become
associated with them, form and organize
themselves into, and constitute themselves
under the laws of the State of Louisiana, a
stipuations and agreements hereinafter set
forth and expressed, which they hereby
adopt as their charter or articles of incOr-
poration, to-wit:
ARTICLE 1.-The name ana title of this
corporation shall be American Lumber &
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 cor
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 or inability to act from any
cause, the same shall be served upon the
| Secretary Treasurer
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, saw
and planning mills, and to construct CT other
wise acquire and operate and use railways
tramways, and all the rights of way fol
the transportation of boxes, shocks, veneer
| logs, lumber, shingles, and other timber pro
ducts. and other articles; to buy, rent, OF
otherwise acquire timber and other lands, and
saw mills and timber yards. and to buy
or otherwise acquire timber rights on lands
to purchase, rent or otherwise acquire anc
operate barges, steamboats,, and other water
craft FOL. 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 thing:
incidental or appertaining to said objec
|
Article IV.-The capital stock of this cor
poration is hereby fixed at the sum of Five
Thousand tS50O0OO Dollars, divided into
| fifty (5O) shares of par value of One Hun
bred $4,000 Dollars each. which shall b.
paid for in cash in such installments anC
at such times the Board of Directors may
direct. The amount to which the capita
stock may be increased shall be One Hun
bred Thousand (Sl00,O00O0) Dollars.
One-haf 90 of the authorized capita
| stock of Five Thousand ts5OOOOO) Dollar
shall be subscribed for before the filling
of the articles OF Incorporation, of whcl
cash before the corporation engages in bust
ness, and the remainder within twelve az
months. The remainder of the authorize
capital stock may be issued at any time b!
actually received, or labor done for the cor
poration, upon such terms and condition
as the Board of Directors shall deem proper
All transfers of stock shall be made tn
the outstanding certificates and pursuan
to such rules as the Board of Directors ma
prescribe. No stockholder shall have th
right to sell or otherwise dispose of his stoc
without first offering it to the other stock
holders through the Board of Directors 70
thirty days at its book value, for cash; an
all stock shall be held subject to this pro
vision, and every sale. pledge, encumbranct
or other disposition of said stock shall b
made subject to this provision of the chartei
The board of Directors shall have the pow
ler to receive subscription for and to issu
all stock hereafter subscribed for; but a
such stock and any increase thereof mus
first be offered to the existing holders an
owners of stock at the time of such issuanc
in proportion to their respective holdings.
ARTICLE Vail the corporate power
exercised by a Board of Directors coz
posed of not less than three. more tina
} five stockholders the number to be dete
mined by the stockholders at their annu;
l h,,A e -
shall consist of three stockholders, two (
whom shall constitute a quorum for ii
transaction of all business. They shall
vested with full power and authority {
, and sales and adopt all bylaws, rules an
regulations for the government of the bus
ness and affairs of the company, and alte
and amend the same, appoint, hire and di:
, charge all officers, agents and employees, ii
all salaries and generally 10 and perfor
/, all things necessary in the transaction of ii
business and affairs of the company. Sal
Board shall fill all vacancies which sha
hereinabove provided for shall be electe
: annually at meeting of the stakeholder
, to be held on the Fourth Tuesday in Januar
, OF each year, beginning on the Fourth Tue
elected shall hold their offices until the
: successors are duly elected and qualifie,
and the said Board of Directors at thei
: first meeting after their election, shall ele
HOiH number tne Objects OF THIS CO
i poration. All elections shall be he
at the office of the company under the supe
vision of two commissioners to be appointe
by the President. All corporate election
|, shall be by ballot, and majority of the vote
: cast shall elect. and each share of stoc
shall be entitled to one vote. to be ca
either in person or by proxy. Written mott,
of all elections shall be given to the stool
{ holders by the Secretary, at least ten day
, prior to all elections, said notice 70 be SCI
! by mail, postage prepaid, to the last adore
n of each stakeholder as shown by the books
e the corporation.
: The first Board of Directors under tn
d charter, who shall hold their offices I'm;
d the Fourth Tuesday in January, 1921, sha
t consist of the following stockholders ar
n the following officers. to-wt:
d P. II. Hogan, 223 So. White St, New @
d leans, La. President John Dymond, Jr., 10
e Maison Blanche Bldg, New Orleans L;
Vice President, A c. Billet, S34 Audubt
j. ST.. New Orleans, La, Seoty-Treas.
It These Directors and Officers shall co
q tinue to hold office until their successo
v are elected and qualified.
= A failure to elect directors at the annu
= meeting shall not dissolve or affect the &C
: poration, nor impair it's management in al
! respect, but the Directors and Officers
u office shall remain in office until the
successors are elected and qualified. A,
a member of the Board of Directors may appoi
IS any other director his proxy to act in
place and stead at any meeting of the Boar
4 the proxy being in writing and signed
" such absent Director.
l. ARTICLE V.-This act of Incorporation m
re be modified, changed or altered, or sa
Dr. corporation may be dissolved with the ;