The herald., 1919-09-18
CHARTER OF GEORGE DENDINGER
LUMBER COMPANY, INC.

, lana, Parish OF Orleans. Be Il known. IN
on this 9th day Of the month OF August
Tie year 1919, before me, Jacob d. Dresne
4 Notary Public, duly Commissioned an
; qualified IN and for the Parish OF Orleau
State 81 Louisiana, and in the presence
, | the witnesses hereinafter named and uude
) signed, personally came and appeared; Il
, | several persons whose names are subscribe
seyerally declared that they are all Of lawf,
age and that ayalling themselves of III
privileges Of the statutes and laws of IN
State OF louisiana, relative to the formatlu
OF corporations, and particularly Act No Z
OF the session of the General Assembly ,
the State Of Louisiana, OF lyl4 they hay
covenanted and agreed, and do by the,
presents covenant and agree and bind an
oblIgdte themselves, as well As all such Def
sons may hereafter become associate
with them, to form and constitute a bod
corporate and polite in law. Tor the object
and purposes, and under the stipulatsJus an
provisions following, to-wit:
ARTICLE 1.-The name and title Of thi
corporation shall be George Dendingcr Iuul
Der Company. Inc. and under that nam
| shall have and enjoy all the rights, prlvi
| leges, and advantages granted by law to cor
! poratlonS, and shall have the power and an
| thDrity 10 enjoy succession and corporate ey
| IstenCe Tor and during the period OF ninety
| nine tyD years from the date hereof. unles
| sooner dissolved IN the manner hereinafte
| provided for. Said corporation shall have
! power and authority to contract. to sue an.
/ 'C H-lSA' ~ hl4Nc anu use a corporate seal
and the same to break, alter or amend a
| pleasure, u hold, receive. purchase. convey
deliver, mortgage. hypo,hecate, 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 as the interest and convenience
OF SAID corporation may require or demand
and to make and establish such bylaws rules
ana regulations Tor the corporate management
and control OF its affairs as NAV be deemed
necessary and expedient.
ARTICLE 1.-THE objects and purposes
Tor which this corporation is created are
hereby declared to the buying, selling.
manufacturing. and exporting OF lumber and
1'her goods and TO own, buy, build, operate,
tease or sell, wharves, piers, tramwavs
SHIPS, and other means OF transportation
saw mills, establish agencies, and generally
to do any and all things and acts whatsoever
ana necessary, incidental to, connected with
or TeIatng to the aforesaid business
ARTICLE III.-The capital stock of tbi :
corporation IS hereby fixed at Fifty Thon
sand t>oO'u0Ul Dollars. divided into or
represented by five hundred $500 shares Of
I'VE thousand (S256O0) Dollars or two hun
dred and fifty $50 shares OF said stocL
sinai! be preferred stock and S25O0OOO or tUo
hundred and fifty ESQ shares shall be com.
hn stock. Inc preferred stock that will
De issued shall be paid a dividend OF seven
U|cl per cent per annum, out OF the profit
OF the said corporation before the cob,noar
STOCK shall receive any dividend.
All earnings in excess of seven 1c,) per
cent snail be participated in only by the com
mon S'ocN Inc directors of the corporation
shall have the right to retire on ten H. no
notice to the holder holders the preferred
STOCK or any part thereof by paving s,cb
holder or holders par value. plus interest al
~ ;I rae 81 seven, ~ per cent from date
OF issue II retired before a dividend neriot
or with per cent interest from the date
OF the last dividend period. If at anv diyi-
dend period the earnings are not sufficient
TO TO- declare J; a seven go per cent per an
said preferred stock shall be entitled 70 70.
ceIve out OF future earnings such additions,
amount as Will total dividend of seven
40 per cent tor any previous dividend
'h Nv was less than seven ,0fo) per cent.
Opoh the retiring of the preferred stock
or any part thereof the directors shall have
me right to increase what is now the common
s.ock by me number of shares of preferred
STOCK 'hat have been retired. All stock when
or IN the equivalent thereof No certif
cate OF stock shall be issued until the same
81 have been paid for The stock shall
oS eV'uenced by certificates issued and sign
ca by the president and secretary. All sba1as
OF stock shall be issued as full na;5 ~ az
aisssessable and no transfer of stock shall h.
oIhuinS on said corporation, unless recorded
on its books. eNoiueu
10 Stockhoider of said corporation shall
stocltaiI sIook 10 any person not already A
'dle during period of thirty davs 70 ~
men stockholders of the corporation ~ 80
BOOK value. and any transfer of storL ~, - |
OF TINS provision shall not be
stock of this corporation nav ha odPl'd, /
% one Hundred Thousand (SlOODO oM ~
dls' OF winch not more than fiftv 900 o. !
erred nay is De preferred stock, and which pre- |
md H. oo sldl De subject to retirement |
nu tne common stock subject to corresnorn
Hs increase on the same basis as bara;,h
20 o PIoVlded tor, under the capitalization ~
. $1,000 ~ and by a vote of two thirds - az
= an VI me issued stock of this corporation
< sPeCal meeting called for that n,,rnos,
Lter fifteen U5) days notice of sncb o Pose
- ,d1 hdVe been given in person or bv mai
each stakeholder u ny mail
IN case of absence, sickness ~ o.L j..
ba 10 act each stakeholder shall have
a -aaen " appoint a stakeholder as proxy II
. represent him. who shall have the r;ob,
NJ powers of his constituent. or he So
THu MS vote by letter the signatt,-e ns
INST, ,ihGi must be acknowledged before no,,ru
ff;Je;i otner officer authorized to take
tIludVits. This corporation shall he
1g concern as soon as Tv.ntv"f;,,e go
ana Szo,UDOO) Dollars of lis cani.or tioI.
AP peTt subscribed as hereinabove nrovideJ
1917 nnl III iN-The domicile of his ror.
ans 'oI p,s snaIl be in the City of New Or.
n
= .u s al CITATION or other legal process shall
served upon the president. and IN r.; a.
-nce' as the law directs. MS 'o
ARTICLE V.-Au of the no,y.-. os a..
operation shall be vested in. and the MN
senIent ana control of its affairs shall he |
N elIiSef by board of directors. TO be com |
, ,s OF not less than three 90 nor more |
itn IlVe 20, majority of whom shall co1- |
ttuIe Quorum for the transaction of The |
Ill IS. VI tne corporation, each of whom |
laii own IN his own right. d,ring n. ".o.r
Is oiIice' at least one full paid and nm |
euseu snare OF the capital stock of mis- |
;; P''dtIo'' Inc first board of directors az |
10 corporation shall be cornosed ~ |
Gorge Dendinger, Theodore Dendinger II
Id George /. Wayne. The officers ~ fbs |
rst board OF directors shall be George De,.
Hser PRESIDENT; Theodode Dendinger Ir
re-. .1.. resident and George T. Wavne. SEC
.al 'easurer The said first board OF
ri 'orS and the said officers above named | |
ID! serve and remain in office until the
a ni Monday IN July, 1920 on which dav,
~ ai"ud.Iy thereafter the board of direc.
IS snaH be elected by the stockholders at
meeting called for that purpose All Al; II
ctors and officers shall hold office mil
cir successors are elected and qualified and Il
~ failure to elect directors shall not be
garded as a forfeiture of this charter In
election OF directors each common stock
ider shall be entitled to one vote for e7cb
are OF stock owned by him and standing
MS name on the books of the company,
"a may be cast either in person or by let
r. or by duly authorized proxy and a ma.
my OF the votes cast shall elect; but pre-
red stockholders shall not be entitled 10
te nor shall votes be allowed on any shares