The herald. [volume] (New Orleans, La.) 1905-1953, 1920-04-22
CHARTER or THE HOME LUMBER
COMPANY INCORPORATED,
OF LOUISIANA


United States of America, state of Lou
iSiana, Parish of Orleans, City of New
Orleans. Bc il known. that on this sixth
day of the month of April in the year of
our Lord, one thousand nine hundred and
twenty (l92OD, before me, Charles TheO-
dOre Starkey, Il notary public, duly COM
miSSiOncd and qualified. in and for the
city and the parish of Orleans, therein
residing, and i'll the presence of the wit
ueSScS hereinafter named and undersigned
personally came and appeared, the sew
rral persons whose names are hereuntO
subscribed. who declared unto me, notary,
that, availing themselves of the provisions
of the laws of this state relative to the
organization Of corporations, and more
particularly of Act 26T of 1914. they have
united and agreed and by these presents
do unite and agree, for themselves, their
successors and assigns, to form them
selves into corporation and body polite
for the objects and purposes and under
the StipulatiOnS hereinafter set forth, to
wit:
ARTICLE 1.-The name and title to
this corporation shall be The Home Lum-
Der Company incorporated, of Louisiana
and under such title it shall have and
enjoy corporate existence for a period of
ninety nine years from the date hereof,
unless sooner dissolved. it shall have pow
rr and authority to contract. sue and be
sued. to make and use corporate seal,
and break and alter same at pleasure; TO
have, hold. buy. sell. lease, mortgage, by
pOthecate and pledge property, real, per-
sOnal or mixed, necessary and proper for
the carrying Oh of its business. as well
aS to issue bonds secured by mortgage:
To make and issue notes and other GER
tificatcS of Indebtedness; to name, elect
and appoint managers, directors. clerks
and other employees to properly conduct
its corporate business and to make such
bylaws and regulations rs may he nee
cSSary or found desirable for the com
pletc and proper carrying out of said
business
ARTICLE 1.-THE dOmicile of this cor
pOratiOn shall be in the city of New Or
leans. state of Louisiana. where citation
or other legal process shall be served upon
the president or. in his absence. upon the
vice president, or in the absence of both
upon the secretary.
ARTICLE UI.-The objects and pur-
poses for which this corporation is
ganized and the nature of the business to
be carried on by it are hereby declared
and stated to be:
To manufacture and buy and sell We
necr. lumber shingles timber, logs. boxes.
shocks and wooden packages of all kinds
and all other timber products for either
domestic sale or export: and To that end
to purchase. lease or otherwise acquire
and operate veneer mills, box factories
and saw mills in the state of Louisiana
and elsewhere: to construct. acquire and
use railways. tramways aud other roads
or rights of ways for the transportation
of veneer. boxes. shocks. lumber. timber.
logs and other products: to buy. lease and
acquire either timber lands or timber
rights on lands, and to acquire. lease and
buy lands for the use of saw mills and
factories and timber yards in the state
of Louisiana, or elsewhere; to purchase,
operate and maintain cOmmiSSarieS or mer-
camille stores upon the properties of the
corporation: to acquire or purchase or
otherwise obtain inventions that may be
used for the purpose of the business of
this corporation and generally to do and
perform any and all things necessary or
convenient to carry out said objects and
purposes.
ARTICLE Iy.-The capital stock of this
corporation is hereby fixed at the sum
of one hundred thousand (SlO0,OOO.0O) dol
lars, divided into one thousand shares of
the par value of one hundred (SlOO) dol
lars per share. The capital stock may be
increased up to the sum of two hundred
and fifty thousand tS2J0,OOO.OO) dollars,
and all proceedings for the Increase de-
crease OF the capital stock shall be CON
Quoted in accordance with the laws of
this state.
ARTICLE V-Al the corporate powers
OF this corporation shall he vested i'll anu
exercised by board of directors, COM
posed of not less than three nor more
than five stockholders, majority of
whom shall constitute quorum. Said
/ directors snail be elected annually on the
| second Monday i'll January of each year.
All such elections shall be held by
/ ballot and conducted at the office of the
said corporation, under the supervision Ut
three commissioners to be appointed by
! the board of directors.
Notice of such election shall be given
| by the secretary of the company by writ
I ten notice thereof delivened personally
or by depOsiting same in the post-office,
properly addressed, to each stakeholder,
at least fifteen days proceeding such
election.
AT all such elections and at all corpor-
ate meetings every stockholder shall be
entitled to one vote for each share of
stock standing in his name on the books
of the corporation, to be cast in person
or by his written proxy, and a majority
of the votes cast shall elect.
Any vacancy occurring among the direc-
tors by death, resignation or otherwise
shall be filled by the board of directors
for the remainder of the term by the
selection of a member from among the
stockholders of the company.
\ failure to elect directors on the date
above specified shall not dissolve the
corporation nor impair its corporate man
agement, but the directors then in office
shall remain in office until their success
sors are elected and qualified.
! The board of directors shall elect from
their own number president and a vice
president. They shall also elect Il secre-
tary and treasurer, or one person who
shall be both, either of whom may or
may not be members of the board. They
1 shall have power and authority, from time
| to time, to name and appoint all such Of
| ficerS. agents or other employees as may
| he deemed necessary for the purpose and
business of the corporation. They shall
have power to fix the compensation and
define the duties of every officer and en-
plOyee and all officers and employees shall
hold office and employment at the pleas
| ure of the board.
| ARTICLE NI.-Whenever this corpora
| ton may be dissolved, either by limita-
| ton or from any other cause, its affairs
shall be liquidated by three commission
ers, TO be appointed from among the stock
holders at general meeting of the stock
holders convened for such purpose OF
| which meeting notice shall be given in
the manner and time provided for stock
holders meetings by Article Five of this
| charter and two-thirds in amount of the
capital stock of said company shall be
| requisite to elect. Said commissioners
| shall remain in office until the affairs
| OF said corporation shall have been fully
| hquidated. In case of death of one OF
more of said commissioners the vacancy
shall be filled by the surviving commits
sioners
ARTICLE VII.-This act of incorpora.
ton may be modified, changed or altered
or this corporation may be dissolved, oil
the capital stock may be altered in ac.
c0rdance with law, at meeting of stock
holders called for the purpose, after no
tice shall have been given by written no
tice to each stakeholder delivered to hin
personally or mailed to him at the pos
office address, designated by him in writ
ing, at least fifteen days prior to tn,
date of meeting.
| ARTICLE EIII.-NO stakeholder shall