The herald., 1919-08-21
CHARTER OF GEORGE DENDINGER
LUMBER COMPANY, INC.


LUMBER COMPANY, INC.
United States Of America, State Of Loui,
lana, Parish Of Orleans, BE it known. thai
on this 9th day Of the month of August. 5,
'he year 1919. before me. Jacob D. Dre,urr
! a Notary Public, duly mis>Iouci am.
qualified in and Tor the Parish Of Orleda,
State Of Louisiana. and in the presence oi
! the witnesses hereinafter named and under
| signed. personally came and appeared; the
several. person, whose names are subscribed
| scverally declared that they are all OF lawful
| age and that avalliug themselves OF the
! privileges Of the statutes and laws ii tn,
! State of Louisiana. relative % the formation
| Of corporations, and particularly Art No. 2o7
OF the session OF the General Assembly of
| the S,dte OF Louisiana, OF 1914, they have
! cDycuautcd and agreed. and do by these
| presents covenant and agree and bind and
| oblgate themselves, "a well as all such per
| sons may hereafter become associated
with them. to form and constitute a body
| corporate and polite IN law, for The objects
| and purposes. and under the stipulatiJus and
| provisions following to-wIt:
ARTICLE 1.-The name and title of thi,
corporation shall be George Dcndinger Lum-
| Der Company, Inc, and under that name
| shall have and enjoy all the rights, prvi-
| legrs, and advantages granted by law to cor
poratIonS, and shall have the power and all
| thority TO enjoy succession and corporate eN-
| ISteuCe for and during the period OF ninety
nine C}9b years from the date hereof. unles,
sooner dissolved in the manner hereinafter
provided for SAID corporation shall have
! power and authority 10 contract, to sue and
| be sued. II make and corporate seal.
and the 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
and employ such managers, agents and other
employees the interest and convenience
OF SAID corporation may require or demand.
and to make and establish such bylaws. rules
and regulations Tor the corporate management
and control OF its affairs as may be deemed
necessary and eXpedicnt.
ARTICLE 1.-The objects and purposes
ior winch this corporation j. created are
hereby declared - me the buying. selling.
manufacturing, and exporting OF lumber and
other goods, and to own. buy. build. operate
lease, or sell, wharvcS, piers. tranwayS
SHIPS, and other means OF transportation:
saw mills. establish agencies, and generally
TO DO any and all things and acts whatsoever
and necessary, incidental to. connected with
or relating to the aforesaid business.
ARTICLE lli.-Ihe capital stock of this
corporation j, hereby fixed at Fifty Thou
sand l$50.O)0OOJ Dollars. divided into "r
represented by five hundred $500 shares Of
the par value Of $1,000 each of which twenty
i've thousand (S25,00pJ Dollars or two hun
dred and htty t25ol shares Of said stock
shall be preferred stock and S15OlOOO M -,,o
hundred and fifty ESQ shares shall be com,
mon stock. The preferred stock that viii
be issued shall be paid a dividend of seven
ESol per cent per annum, out Of the profit
of the said corporation before the common
STOCK SNAIL receive any dividend
All earnings in excess Of seven Cct1 ocr
cent shall be participated in only by the com
mon stock The directors of the corporation
snail have the right to retire on ten DAYS GOl
notice to the holder or holders the preferred
stock or any part thereof bv paving such
holder or holders par value, plus interest al
the rate of seven 7CI) per cent from date
OF issue il retired before a dividend period
or win per cent interest from the date
of the last dividend period. II at any divi-
dend period the earnings are not sufficient
TO declare seven GfCD per cent per an
mum dividend on the preferred stock then
said preferred stock shall be entitled to re-
ceive out OF future earnings such additional
amount as will total l dividend of seven
GIc) per cent Tor any previous dividend
thar was less than seven GGc) per cent.
Opon the retiring Of the preferred stock
or any part thereof the directors shall have
the nigh; % increase what is now the common
stock by the number of shares of preferred
stock that have been retired. All stock when
issued shall he paid for in cash or property
or in the equivalent thereof No crr;if%
cate Of stock shall be issued until ,be s,,nc
snail have 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 full paid and non
DindIng on said corporation, unless recorded
on its books.
No stockholder of said corporation shall
sen ms stock TO any person not already A
St2ckholder until he has first offered il for
SAFE during a period of thirty DAVIS IN the
then stockholders of the cornorati0n ~ -,
DOCK value, and any transfer of stock made |
III violation OF this provision shall NOT he
recognized by the corporation. The capitaf |
stock of this corporation NAV be incressseJ
to One Hundred Thousand CS1OoOOOml To-
Idls' OF winch not more than fifty (5OCZ) pcr |
cent may be preferred stock. and which nre
ierTed stock shall be subject TO retirement |
ana the common stock subject 70 CORE sro,I
ing increase on the same basis as hereinhc. |
lore provided for, under the capitalization of
s2O'VUD and by vote of two thirds r. a |
OF an OF the issued stock of this corporation
a. special meeting called for that purpose
dtteT fifteen u5 days notice of such meeting
to each stakeholder " ~ man
IN case OF absence, sickness. or other dis;
tnhity TO act. each stakeholder shall have
me rlght to appoint stakeholder as proxy
TO represent him. who shall have the righ,s
and powers of his Constituent ar he T,,
send his vote by letter. the signature az
HhGh must be acknowledged before notary
Pubic or other officer authorized 70 take |
This corporation shall he 90
ns concern as soon as twenty-five Thou. /
'and tSZo,OOOO Dollars of its caDitaI stocl, Il
- Deen SUBSCRIBED as hereinabove provided Il
ANll'LE lN.-The domicile of his Gov. 4
'oraton shall be in the City Of New Or. l
cans, Parish of Orleans. State of Louisian,
ana all citation other legal process shall Il
De served upon the president, and in his ali Il
'ence, as the law directs.
ARTICLE V.-A1l Of the powers Of This II
corporation shall be vested in. and the man,
igement and control OF its affairs shall he II
Exercised by board OF directors. to be com 4
Iostd OF not less than three 90 nor more II
nan i've 90, a majority Of whom shall con-
'utnte Quorum for the transaction Of the
business OF the corporation. each OF whom
man own IN his right during the tenn
u ms office, at least one full paid and nm
pledged share Of the capital stock of mis-
The first board Of directors of
ms corporation shall be composed nj
Ieorge Dendinger Theodore Dendinger. Tr
md George T. Wayne The officers OF The
irst board Of directors shall be George Den
finger, President; Theodode Dendinger, IT..
' ice-P President, and George T. WAYNE. Sec
etary- Treasurer. The said first board If
directors and the said officers above named
nail serve and remain in office until tbe
second Monday in July, 1920, on which dav
md annually thereafter the board Of di-ec
ors shall be elected by the stockholders AT
meeting called for that purpose All di.
ectors and officers shall hold office until
heir successors are elected and qualified and
nv failure IN ole