The herald., 1920-01-08

| united states Oh America, state OF Louis
lana, Parish of Orleans. Be 1t known, that
on this 4th day of the month of Decem-
Der, in the year of our Lord, one thOus-
and, nine hundred and nineteen, and in
the Independence of the United States OF
| America, the one hundred and forty
notary public, in and for the Parish of Or
leans, State of Louisiana, duly qualified
and commissioned, and IN the presence of
the witnesses hereinafter named and I'M
dersigned, personally came and appeared
the several persons whose names are here
unto subscribed, who severally declared
| that availing themselves of the laws OF
the State Of Louisiana, relative TO the or.
sanization OF corporations, and more par
ticularly Act No. 267 of the year 1914, an
proved July ., 1914, they have convenanted
and agreed, and do by these presents
covenant and agree, bind, form and con-
stitute themselves as well as such persons
who may hereafter join or become as
ISOLATED with them, into a corporation
and body polite in law, for the objects
and purposes and under the agreements
and stipulations following, to-wit:
| ARTICLE 1.-The name and style of
TINS corporation shall be "Coons Cypress
Siio ana Lumber Company, Incorporated''
ana under that name it shall have and en-
Joy all the rights and privileges granted
Dy law to corporations: it shall exist for
the period OF ninety-nin years from this
| DAY; 1t shall have the power to contract
sue and be sued in its corporate name. ~
make ana use a corporate seal, and the
same to break or alter at pleasure. m
hold, receive, purchase, convey, mortgage.
LII or pledge, property, both
reai ana PERSONAL; to issue bonds. notes
ana other obligations or negotiabIa In
struments; to have and employ sucb man
ayers, directors, officers, agents or otha,
eseiployees as the interest and Convenience
| mand; to make and establish snch ~.
laws. rules and regulations for the 90,
| Pvste management and control of tba
"a iaars oi tne corporation as may be deem.
ed exped1ent and necessary. uee"
ARTICLE 1.-THE domiciIe of s.,a 49,
poratlon shall be established in fbs Cit,
"a, wv NV orleans, State of Louisiana and
an citations and other legal process s Snu
os h;s r'eu on the President, and in cas-
al MS absence on the Vice Pres;d.nt eass ass
| Rotary. Vi ooth on the Sec
ARTICLE HI-The objects and mr.
| poses Tor which this Corporation Is or
- ~ and the nature of the business
~ pe carried on by 1t are hereby declared
20 De: to construct silos. buildinos and
houses, and articles of every descrintion
from cypress and from such other I'M
ol lumber and materials as NAV be nee.
seneraI,v ana =. 70 sell, lease, transfer and
snssrany TO deal in same; to coBstrnct
e9uiP ana erect, or to contract for tba
s In; equipment and erectior ns
sHos, houses and buildings and art;o,oa
ent,re sery description and kind in their
tan from cypress and such Other Si nu ue
iumoer and materials as NAV ba na vi
a., ana generally to buy. sell and Sea,
IN ~ iSlnDer and to manufacture and msrsat
lease an PRODUCTS; to buy. sell. deal in
o.a,m and improve landed pronertv re,
Snatiy 10 do and engage in anv o.hl'i
BUSINESS, undertaking or enternris oener
incidents. 1 a. growing out of, germane ' or
cot sen.s 70 any of the purposes 49,
set Iorth. or contemplated by his o, above
ARTICLE Iv.-The capital stock of mi:
corporation is fixed at the sum ~ tyro
hundred thousand $500 OOOOO) dollars Al
sIoeu INTO one thousand common sbaras
each. ap pdf raue OF one hundred dollars
ea ga ana one thousand preferred share
OF the par value Of one hundred dallas
eacn all shares of stock shall ha eli
pala Tor In cash, property or good viii
pnaes s9cn terms and conditions as the
| De non assessable. anu snan
The preferred stock shall be preferred
as to earnings up to a maximum of eight
| to) per cent annual dividends payable
semi-annually, which shall be paid before
any dividends are paid on the common
stock. The common stock shall then be
paid dividend up to a maximum Of
eight t9 per cent.
The intent Of the above clause Is that
no dividend 1eI is to be paid on the common
| SN e1.eAi anu uhicss, the eight per cent
per annum dividend has been paid each
year on the preferred stock.
any further dividends declared are "a
oe shared equally by the common ana
preferred stock. Both classes Of stock
with the exception of the preference IN
divldends accorded to the preferred stocE
unaer the provisions of this article shall
Dc on parity in all things relating To q,
ane THIS corporation, shall have the
;ns ~ participate In corporate meet
hgs ana are accorded equal voting valne
Inc capital stock Of this corporstion
may De increased to five hundred thousand
doiiars, OF either common or nrefarrad
STOCK or partly Of both kinds.
ARTICLE v-Ap the corporate powers
OF this company shall be vested in, and
the management and control of its affairs
shall be exercised by q Board Of Dr.
rectors composed of seven stockholders
the membership Of which may be increased
to number not exceeding eleven by the
Board OF Directors at any of its regular
meetings. A majority Of the Board Of
Directors shall constitute a quorum for
the transaction Of Its business. The a.
rectors shall be elected by ballot anpuaiIv
ON the second Tuesday in January, in each
year. Each stockholder shall be entitled
IN person or by proxy to a vote for
each share owned by him; all elections
shall be held under such rules ana re1u-
Iations as may be determined by the
Board of Directors after fifteen DAYS
notice by mall sent to each stockhoIder
az mis- last known address. The directors
mus elected shall continue in once for
one year or until their successors have
been duly qualified. No failure to elect
directors Tor the unexpired term. The
SAID Board shall likewise elect such sddi.
uonai members In case they determ Inc "a