The herald. [volume] (New Orleans, La.) 1905-1953, 1920-03-04
CHARTER.


al persons whose EHmcs are hercunto
subscribed, who declared that. ayailiuE
themselves of the laws OF this state Tvla-
tive to the organization OF corporations,
th"y have cOycuat'd anu agreed, and do
10y these presents covenant, agree. bind,
form and constitute them selves, as well
as such persons rs may hereinafter JON
or become associated with them. into a
the objects and purposes and under the
agreements and supulauous following,
tO-Sit.--
ARTICLE 1.-The name and title OF
this corporation shall be- Cummings
Mohcrly Tie ~ Land Company, Inc, ami
under its corporate name IL shall ENJOY |
succession tor the fun term ana period !
Of ninety nine years from ami after the
date hereof. aud shall have power and
authority TO contract, sue and be sued
to accept and receive mortgages, pledges
or other EypOthrcJtIuu~, to make and
Use corporate seal and the same To
break and alter at pleasure, TO purchase,
receive. lease, hold or otherwise ic'pur"
ana convey, as We'll as mortgage and hy-
pOtAccate under its corporate name, prop
crty both real and personal and mixed;
TO borrow money and make and issue
bonds and other evidence OF debt, ana to
secure the same by mortgage and other
Wise, to acquire. hold ANA reissue shares
OF its capital stock, to carry out all o.
the objects and purposes hereinafter set
out, to nam" and appoint such managers
and directors, Officers and agents, Is the
interest and convenience Of said corpora
non may require, and 10 make ana cs-
Jabll,h, well as alter and amend ~
pleasure, such bylaws, rules and rvEu-
iaiIOns Tor The management and rrSula-
lion of the affairs OF the corporation as
may be necessary, proper or convenient,
anu generally 10 do all such acts aud
things as trading corporations are au-
thOTIZed TO DO under the laws Of the
state of Louisiana
ARTICLE H.-Ihe domicilc OF this
corporation shall Toe in the Parish Of or
leans, state Of Louisiana, AMI all CitI-
| lions or other legal process shall be
! served upon the President OF the Com
| pany, or. in his absence, upon the Vice
| President, or, in The abScnc" Of both
the President and Nice-freeldent, upon
| the Secretary
| ARTICLE II.-The objects and pur-
| poses for which this corporation is or
! ganizcd and the nature Of The business
/ to be carried on by II are hereby decIdr-
| ed TO be. The manufacture OF cross Ties
| and all Othsr kinds OF lumber; the con
| structIOn aud operation OF Sawmills and
| all other buildings, manufacturing eS-
| Establishments ana Appliances necessary
| aud convenient Tor such manufacture; to
| acquire, hold, lease, sell, improve mort
| gage reclaim, cultivate and deal in lands,
/ timber, real estate and improvements anu
| properties located thereon which are Incl
| dent thereto or connected thereRth; 10
| construct and operate drainage plants; 10
| construct and operate COmmlssaricS,
! boarding houses, hotels, warehouses ana
| general stores; to acquire the property
| business and good will of any indiyidu-
ais firms or corporations engaged III
any OF the businesses enumerated above :;
To issue bonds and to give mortgages and
! pledges in such manner and form as IL
may determine, TO acquire ana hOld, sell,
cucumber and dispose Of stocks anu
bonds of other companies; to exchange
| its entire capital stock, or any part
| thereof, for property which ii is author
| lied to acquire, or to exchange It's en-
| tire assets and business, or any part
| thereof for property, stocks, bonds or
| other obligations OF other companies, 10
| subscribe 10 the stock OF other compan-
| les; and generally to 40 any and all
such acts and things as may or shall
be necessary, convenient OF proper Ter
| the accomplishment OF any OF tAe fore
| going objects and purposes.
ARTICLE IV.-The capital stock of
| this corporation is hereby fixed at Fiji
ty Thousand (SJO,OOO.OO) Dollars, repre-
| scented by five hundred (JOO) shares OF
| the par value of one Hundred (SlOO.Ool
| Dollars, per share. The amount OF said
| stock may he increased TO Five hundred
| Thousand $500 10000 Dollars.
ARTICLE V.-All the powers of this
cised by Board composed of three Iii
rectors. Said Board shall be elected an
nually by ballot at stockholders meet
ing called for that purpose on the mrs
next legal day If that day be holiday,
after due notice given to the StockhoIder'
by mail at least fifteen days before I'M
date of said meeting. Each holder o
stock shall be entitled 10 one vote 10
each share of stock standing in his mann
| on the books of the corporation, SAID NOt
TO be cast in person or by proxy ah'
the majority of votes cast SNAIL elec'
The Board of Directors shall have IN
power to fill all vacancies which ma.
, occur or in any manner arise or be Great
ed on the Board, even though no quorum
remain at the time such vacancies are L
be filled. Failure to elect Directors u
the day above specified shall not dis
solve the corporation, but the Director
= then in office shall remain III oftlce ull
til their successors are elected ana guam
fled. The Board shall elect from thel
number President, NlCe-Presluent an
a Secretary; provided that the Board ma
= elect such other officers iwho need no
= be members of the Board of stockhold
ers) as they think proper or cohNehleL
Z for the carrying on OF the company
business, and may combine any OIIlce
or dispense with the same, and they sha
fix the salaries of all Officers, agents an
employees. At any meeting OF the bodI
) of Directors, any Director absent lroi
- the meeting may be represented by an
other Director who may cast the vote .
the absent Director according TO the "rl'
ten instructions, either general or speCld
! | Of said absent Director. The Boaru q
Directors shall have authority to max
( and establish, as well as alter and amenC
| all bylaws rules and regulations neces
sary and proper for the support an
5 management OF the business and affair
of this corporation and not inconsistent
5 with this charter; and they shall nav
: power to authorize the borrowing OF mon
e ey and the issuance of notes ana IN
= execution of pledges, and generally l
= do all things necessary or convenient 10
g the proper carrying on oi lhe CUISINES
r of the corporation.
Until general meeting of the stocS
' holders for election of directors 10
. held in 1921, or until their duly quah
: fled successors are elected and installed
e the BOARD of Directors shall be compose
of the following: Ednah W. Remlci
most office address 1864 Thurman Stree
; Portland Oregon. &. j.. Robertson, pos
; office address Carter Building, HrnstOl
> Texas NJ. NJ. Lemann, post offFe &c
dress llo4 Hibernia Building, New vi
| leans Louisiana. of these, Ednah v
, | Remick shall be President; {. j. RoDer
:. son Vice President, and NJ. N. Lelnanl
: | Secretary.
Q ARTICLE VI.-rhis act OF incorpori
ton may be changed, modified or amen'
n ed, or the corporation dissolved, by
e vote of two-thirds of the entire capt.
I, stock present or represented at gener
o meeting of the stockholders convene
70 for such purpose, after previous noti
70 shall have been given in the mann
e above required to be given at the a.
d nual meeting of the corporation.
It ARTICLE Wifi this corporate
shall be dissolved, either by Limitation
I, from any other cause, its affairs snail
l. Inundated by three commissioners 10
d, | snDointed at the meeting of stockton