The herald. [volume] (New Orleans, La.) 1905-1953, 1919-12-25

L.
Notary Public.
HERMAN l.. BARNETT,
Notary Public.
CHARTER OF GEORGE W. PRECHTER
LUMBER COMPANY, INC.
United states of America, State of Louis
lana, Parish of Orleans, City of New Or
leans. Be it known, that on this Sth doy
OF the month of December in the year OF
our Lord, one thousand, nine hundred
ahd nineteen, and of the Independence OF
the United States of America, the one
hundred and forty-fourth, before me, Her
man l.. Barnett, notary public, duly com
missioned and qualified, in and for the
Parlsh OF Orleans, State of Louisiana
therein residing, and in the presence OF
the witnesses hereinafter named and nm.
uhersished, personally came and appeared
the several persons whose names are here
unto subscribed, all of the full age of
majority, who severally declared to me
notary, that availing themselves of the
laws OF the State of Louisiana, in such
cases made and provided and more mar
tlcularly of Act 267 of the General AS.
seihDly OF the State of Louisiana of 1914
relatlng to the creation, organization and
,ornia.loh OF corporations, they have con-
.endhted ana agreed, and by these pres
ehIS DO covenant and agree and hind
themselves, as well as all such other nor
sons as may hereafter become associated
win them, to form a corporation for The
oDyects and purposes and under the ar.
'icies ana stlpulations following to-wit:
ARTICLE 1.-The name and title of This
corporation shall be, George w, Prechter
Lumber Company, Inc, and under its cor.
porate name it shall have power and an
thority to have and to enjoy corporate
existence Tor period of ninety-nine years
from date hereof, unless sooner dissolved
by liquidation or otherwise: il shall hay
power TO contract, to sue and to be sued
TO make and use a corporate seal and to
alter and break same at pleasure; to hold
receive tease purchase, transfer, assign
convey, mortgage, hypothecate pledge on
otherwlse receive or dispose of Dropertv
real, personal and mixed, corporeal and
lncorporeal; to issue bonds and if desired
10 secure the same by mortgage: to buy
and hold stock in other companies in
ciuent 10 the objects and purposes or tc
the expansion of the business interests M
the corporation; to name, elect and an.
point such managers, agents, directors q,
omcers as its business interests may re.
q uiIe, and 10 make and establish alter
ahd amend ITS bylaws, rules and rppuIa.
.lohs Tor its proper government. as ma,
pe deemed necessary and proper and gen
orally to do any and all things incident
70 or necessary and proper for the ex.
tension of the business in which tbe cor
poration is engaged.
ARTICLE II.-This corporation shall h,
domiciled in the City of New Orleans. il
the State Of Louisiana; and all citation
or other legal process shall be served
upon the president of the corporation. anC
in the event of his absence upon a Vice
President.
ARTICLE III.-The objects and pur
poses for which this corporation is or
gan1zed and created, and the nature O.
the business to be carried on by it, ar,
declared to be as follows:
To buy, SELL deal in and handle lumber
| of all sorts and descriptions, including
| standing timber, cut timber, logs, manu-
featured lumber, and any and all articles
| manufactured from wood.
To buy, sell, hold, lease. mortgage ant
otherwise acquire and dispose of stand
| ing timber, timber lands and other rea
property of any kind.
To buy, sell, hold, lease. and operate
saw mills, planning mills, and other lum
Der mills, factories, logging machinery
tracks, engines, cars and machinery of al
| kinds.
To export and import lumber of ever!
description, to engage in foreign as wei
as domestic commerce, and to carry OIL
the aforesaid business in the United States
it's territories and possessions and in for
| eign countries.
To conduct and carry on such othe
business as may be found necessary o
convenient for properly effectuatlng TN
| aforesaid purposes or enhancing the valu
of the properties, rights and privileges
the corporation.
ARTICLE Iy.-The capital stock of thi
corporation is hereby fixed at the sum
| thirty thousand (S30,0O0.0O) dollars, AM
shall be divided into and represented 0.
three hundred 5000 shares OF the pa
value Of one hundred (slOooo DOLLAR
| each. .
| eta stuck shall be paid for in cash o
| =. au,ivaIent as provided by law, an
| in such manner and at such times am
in such installments as may De prescrioe'
nv the Board of Directors. .,,
This corporation shall become eoinl
concern and shall be authorized to com
mence business when thirty thousan
| Is30 600 OO dollars of Its capltal s'oc
shall have been subscribed and pald Loi
ARTICLE V.-The capital stock OF UNI
| cornoration may be increased to the SUI
of two hundred and fifty thousand (s2'o
O0, OOC dollars, by a two-thirds vote OF a.
| tba stock present or represented at spe
| cial meeting called for that purpose, or
| a regular annual meeting OF the corpora
ton. ,u -.,soo.os ~ stoo
| yssned nv the company shall be signed %
| the President and counterslgned py tn
| vice President: or If authorized Dy reso
linton of the Board of Directors, shaii .
signed by the President or f1ce-f resIuen
and counter signed by the Secretary
Tho stock of this corporation can b
transferred only on the books OF the col
poration and subject to such regulatloI
and formalities as may be by the Boar
| Of Directors from time to time prescribed
No stakeholder shall be permitted to Sc
! or otherwise dispose Of his stock withot
first offering the same in writing to IN
other stockholders, through the Board
directors, at a price not exceeding IN
book value thereof at the time OF tne la
| ;nyentorv and the stockholders shall hay
an option and first right to purchase a
the shares of stock to be thus disposed =
by sale or resignation or otherwise,
any of the stockholders Of the corporation
and shall have a period of ten days
which to accept or decline such offer
| ..aL chnuI5 the Poard of Directors