The herald., 1919-10-23

United States Of America, State Of Louisi-
ana, Parish OF Orleans. BE il known n :.
on this llth day OF September in the wear -
OF our 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.. VII
Hams. notary public duly COMM ssoned
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 e
clared that availing themselves of the pro-
VISIONS OF the laws of the State of Louisi-
ana relative to the organization and fgrrra-
ton OF corporations they do, by these pre-
SentS, Tor themselves, their associates, sue
cessors and assigns, as we'll as FOR 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
corporation for the purposes and under the
supuIatlonS 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
1t shall have and enjoy corporate existence
and succession for the term of ninety nine
l99l years from and after the date hereof.
This corporation shall have power and auth
ority to contract 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
i l[ winch TINS corporation is organized and
the nature OF the business to be carried on
by II are hereby declared to be: to manu-
tacture 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
10 purchase, rent, or otherwise acquire and
own and operate box factories veneer saw
and planning mills, and to construct or 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
saw 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 tor 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 appertaning to said object
and purposes
poration is hereby fixed at the sum of Five
Thousand fS5tO0OO Dollars divided into
tltty (sO shares of par value of One Hun
bred $4,000 Dollars each, which shall be
at such times as the Board of Directors may
direct. The amount to which the capital
stock may be increased shall be One Hun
dred Thousand (sloo,OOOOO Dollars
One-half n-0 of the authorized capital
stock of Five Thousand ts5O00O0) Dollars
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 bust
ness, and the remainder within twelve Q2)
capital stock may be issued at any time by
the Board of Directors for money or property
actually received, labor done for the cor.
poration. upon such terms and conditions
as me Board OF Directors shall deem proper
All transfers of stock shall be made on the
books of the company on the surrender of
the outstanding certificates. and pursuant
to such rules as the Board of Directors may
prescribe. No stockholder shall Jhave the
right to sell or otherwise dispose of his stock
without first offering it 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, encumbrance,
Or other disposition of said stock shall be
made subject to this provision of the charter.
The board of Directors shall have the pow
-r to receive subscription for and to issue
all stock hereafter subscribed for; but all
such stock and any increase thereof must
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.--Alr the corporate powers
Of this corporation shall be vested in and
exercised by a 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 quorum for the
Transaction of all business. They shall be |
rested with full power and authority to
make or authorize all contracts, purchases
md sales and adopt all bylaws. rules and |
regulations for the government of the bust. |
less and affairs of the company, and alter |
md amend the same, appoint. hire and dis |
harge all officers, agents and employees. fix !
u salaries and generally DO and perform |
BUSINESS and affairs of the company. Said |
Board shall fill all vacancies which shall |
'ccur in their number. The Board of Directors |
lereinabove provided for shall be elected |
o be held on the Fourth Tuesday in January /
4 each year, beginning on the Fourth Tues
lay in January, 1921, and the Directors so |
elected shall hold their offices until their
uccessors are duly elected and qualified, |
md the said Board of Directors at their
irst meeting after their election, shall elect |
rom their number the officers of this cor
oration. All elections shall be held |
t the office of the company under the super
Tision of two commissioners to be appointed |
~ the President. All corporate elections
hall be by ballot, and majority of the votes |
asst shall elect, and each share of stock
mall be entitled to orc vote, to be cast |
ither in person or by proxy. Written notice |
Il all elections shall be given TO the stock |
folders by the Secretary, at least ten days |
'rior to all elections. said notice ~ be sent |
~ mail, postage prepaid to the last address !
i each stakeholder shown by the books of |
he corporation.
The first Board of Directors under this |
harter, who shall hold their offices until |
ne Fourth Tuesday in January; 1921, shall /
he following officers, to-wit:
P. II. Hogan, 223 So White ST.. New Or |
cans, La, President. John Dymond, Jr, 1909 |
Aaison Blanche Bldg, New Orleans La,
Vice President. A. G. Billet 834 Audubon |
IT., New Orleans, La, Secty Treas.
These Directors and Officers shall con- |
iuue to hold office until their successors |
ire elected and qualified.
A failure to elect directors at the annual
Meeting shall not dissolve or affect the cor |
,oration, nor impair its management in any
aspect, but the Directors and Officers in
office shall remain in office until their
successors are elected and qualified Any
any other director his proxy to act in his
place and stead at any meeting Of the Board.
The proxy being in writing and signed BY
such absent Director.