The herald., 1920-05-20
CHATTER OF, THE HOME LUMBER
COMPANY INCORPORATED,
OF LOUISIANA.

UllrN states Oi America, state OF Lou
i>iana. Parish Of Orleans, City Of New
ORLEANS. Be it known, that on this sixth
day of IN" month of April in the year of
our Lord. one thousand nine hundred and
twenty tl92OD, before me, Charles Theo-
dOre Starkpy. notary public, duly com
ni>Sioned aud qualified, in and for the
city and the parish of Orleans, therein
residing, and in the presence of the wit
ne>Sc> hereinafter named and undersigned
personally came and appeared, the sew
erIl persons whose names are hereunt0
subscribed. who declared unto me- notary.
that. aNailing themselves of the provisions
of the laws of this state relative to the
organization of corporations, and more
particularly of Act 267 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 Il 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 il shall have and
enjoy corporate existence for period OF
ninety nine years from the date hereof,
unless sooner dissolved: il shall have pow
er and authority TO contract, sue and be
sued, to make and use Il corporate seal,
and break and alter same at pleasure; TO
have. hold, buy, sell, lease, mortgage, hy-
Sonal or mixed, necessary and proper for
the carrying on of its business; as well
~ to issue bonds secured by mortgage,
IL make and issue notes and other Ger
Iiticates OF Indebtedness; TO name, elect
and appoint managers directors. clerks
and other employees 10 properly conduct
its corporate business and to make such
bylaws aud regulations may be nee
cs>ary or found desirable for the com
plrte 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 lII.-Tnr objects and pur-
poses for which this corporation is or
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
neer, 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 and 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 Iv.-The capital stock Of this
corporation is hereby fixed at the sum
of one hundred thousand CS1O0,OO0.O0) dol
lars, divided into one thousand shares of
the par value of one hundred (Sl00) dol
lars per share. The capital stock may be
increased up to the sum of two hundred
and fifty thousand $3.50 O0000) dollars,
and all proceedings for the increase or de-
crease of the capital stock shall be con
Quoted in accordance with the laws of
this state.
ARTICLE V.--All the corporate powers
Of this corporation shall be vested in and
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 shall be elected annually on the
second Monday in January of each year.
All such elections shall be held by
said corporation, under the supervision of
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
ten notice thereof delivered personally
or by depositing same in the post office,
properly addressed, to each stakeholder,
| ut least fifteen days proceeding snch
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.
A failure to elect directors on the date
above specified shall not dissolve the
corporation nor impair its corporate man.
shall remain in office until their success
sOrs are elected and qualified.
The board Of directors shall elect from
their own number a president and a vice
president. They shall also elect a secre-
| tary and treasurer, or one person who
I, shall be both, either of whom may or
may not be members of the board. They
shall have power and authority, from time
10 time, to name and appoint all such Of
ficers, agents or other employees as may
be 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 vI.-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 a 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
shall remain in office until the affairs
OF said corporation shall have been fully
liquidated. In case Of death of one or
more Of said commissioners, the vacancy
snail 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, or
the capital stock may be altered, in ac-
cordance with law, at a meeting of stock
holders called for the purpose, after no.
| tice shall have been given by written no.
tice to each stakeholder, delivered to him
personally or mailed to him at the post
office address, designated by him in writ
ing, at least fifteen days prior to the
| date OF meeting
| ARTICLE VIII.-No stakeholder shall
ever be held liable or responsible for the
| contracts, faults or debts Of said corpor-