The herald., 1920-01-15

Dcc. So-Jan. 70.
CHARTER OF GEORGE w. PRECHTER
LUMBER COMPANY, INC
Ohited states OF America, State of Louis.
iaha, Parish of Orleans, City of New Or
leans. BE IL known, that on this Sth dav
of the month of December in the wear q,
our LORD, one thousand, nine hundred
anu nineteen, and Of the Independence Of
tne United states of America the one
huhuTed ana forty fourth, before me, Her
ian H. Barnett, notary public, duly com
inlssloned and qualified, in and for the
farlsh or Orleans, State of Louisiana.
thereln residing, and in the presence nj
tne witnesses hereinafter named and un-
unerslsned' personally came and appeared
tue several persons whose names are here
unto subscribed, all of the full age Of
majority, who seyerally declared TO me
in a,ua mat ayailing themselves OF the
Avs oI the State of Louisiana I'm such
Eases made and provided and more mar
tcuiarly or Act 267 of the General AS
sembly OF the State of Louisiana Of 1aI1
ffeIatlng 10 the creation, organization and
LoImduon OF corporations, they have CON
Nenanted and agreed, and by these nres.
ehts 40 covenant and agree and hind
themselves, as well as all such other ner-
s nJns as may hereafter become associated
obiacts a 10 form corporation for the
1jieN's ana purposes and under the ar
ucies ana stipulations following, to-wit:
ARTICLE 1.-The name and title of this
corporation shall be. George w. Precbter
LUMBER company, Inc, and under its cor
porate name IL shall have power and an
tnorlty TO have and to enjoy corporate
existence for a period of ninety nine wears
from date hereof unless sooner dissolved
Dy liquidation or otherwise; IL shall have
power 10 contract, to sue and to be sued
| to make and use a corporate seal and 70
AFTER and break same at pleasure: TO hold
receive, lease, purchase, transfer. assign
convey, mortgage, hypothecate. pledge. or
otherwise receive or dispose of pronartv
m cd
incorporeal; to issue bonds and IL desired
TO secure the same by MORTGAGE: 70 bny
ana mold stock in other companies in
cldent to the objects and purposes or 70
the expansion of the business Interests -,
the corporation; to name elect and an
point such managers, agents directors or
oincers as Its business interests NAV re-
and and 10 make and establish, alter
anu amend Its bylaws, rules and regula-
.lohs Tor its proper government, as NAV
oe ueemeu necessary and proper. and gen
taany 10 DO any and all things incident
tons Jr necessary and proper for the ex-
poration is engaged wi
ARTICLE II.-This corporation shall be
domiciled in the City of New Orleans. in
the State of Louisiana; and all citation
or other regal process shall be served
upon the President of the CORPORATION. and
President.
ARTICLE III.-Ihe objects and mr.
poses for which this corporation is or
ganized and created, and the nature OF
the business to be carried on by II. are
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 and
otherwise acquire and dispose Of stand
ing timber: timber lands and other real
n Il Ind
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 all
kinds.
To export and import lumber of every
description, to engage in foreign as well
as domestic commerce, and to carry on
| the aforesaid business in the United States,
its territories and possessions and in for
eign countries.
To conduct and carry on such other
| business as may be found necessary of
convenient for properly effectuating the
aforesaid purposes or enhancing the value
of the properties, rights and privileges of
ARTICLE Iv.-The capital stock of this
corporation is hereby fixed at the sum Of
thirty thousand $30,00O.O0) dollars, and
shall be divided into and represented by
| three hundred $500 shares of the par
value Of one hundred t$10O.OO) dollars
each.
Said stock shall be paid for in cash or
| its equivalent, as provided by law, ana
in such manner and at such times ana
| i'm such installments as may De prescrioeu
| by the Board Of Directors.
| This CORPORATION shall become a going
concern and shall be authorized TO com,
mence business when thirty thousano
| (x3O OOOOO) dollars of its capital stock
shall have been subscribed and paid for.
ARTICLE V.-The capital stock or TINS
| corporation may be increased to the sum
of two hundred and fifty thousand tSsoo;
OOO.OO) dollars, by two-thirds vote OF all
| the stock present or represented at a spe-
cial meeting called for that purpose, or at
| a regular annual meeting Of the corpora
| ton.
issued by the company shall be signed by
the President and countersigned by the
Vice President; or IL authorized by reso-
luton Of the Board Of Directors, shall be
| signed by the President or Vice-President
and counter signed by the Secretary or
| Treasurer.
The stock of this corporation can be
transferred only on the books of the cor
poration and subject to such regulations
and formalities as may be by the Board
| of Directors from time to time prescribed
| No stakeholder shall be permitted to sell
| or otherwise dispose of his stock without
| first offering the same in writing to the
| other stockholders, through the Board OF
Directors, Mt a price not exceeding the
/
inventory, and the stockholders shall have
an option and first right to purchase all
the shares of stock to be thus disposed oil
by sale or resignation or otherwise, OF
any of the stockholders of the corporation
and shall have a period of ten days In
| which to accept or decline such offer oil
stock. Should the Board Of Directors OF
the stockholders decline to purchase said
| stock then the stakeholder or stockholders
| who made the offer to sell or otherwise
| dispose Of the stock, may sell or otherwise
| dispose Of 1t In any manner and at any
| price that he or they may see mt. Blu,
each share of stock is issued under the
| condition and understanding that nc
stakeholder shall make a sale or transfer
of his stock in violation of this provision
and such sale or transfer If made. shall bs
void, and this company shall be under
| no obligation to list said stock on 1t,
books or to regard the holder of the certi
ficate thereof.
ARTICLE vII.-The corporate power,
of this corporation shall be vested in and
exercised by a Board Of Directors com