The herald. [volume] (New Orleans, La.) 1905-1953, 1920-01-01

/ a,
| iana, Parish of Orleans, City of Ney DR.
| leahS. lie ii known, that on this Sth dnv
OF the month of December in the wear of
our Lord, one thousand, nine hundred
anu nineteen, and of the Independence of
the United States of America Tho ona
hundred and forty fourth, before me Uar-
man Il. barnett, notary public duly com
mmiSslohed ana qualified, in and for the
idrisn OF orleans, State of Iouisiana
| therein residing. and in the nraSan5a ot
the witnesses hereinafter named and nm
uerslShed, personally came and aDnearad
.ne several persons whose names are here
maiori suoscriDed, all of the full age of
nidJorlt!, who severally declared TO mo
,holar!, that availing themselves of tho
laws OF the State of Louisiana in snnb
fuses made and provided. and more mar
snnahirH OF Act 26I of the General As
seholy OF the State of Louisiana Of 1oII
FfeIatlhg TO the creation, ORGANIZATION ond
,oh or corporations, they have con
senahted and agreed, and by these ~
tban,.o 10 covenant and agree and bind
themselves, as well as all sucb otbar 81
sons as may hereafter become 49,, ~ 70.
oh ~ ,heH' 10 form a corporation for rho
t,pyects and purposes and under tho ar
'i'.es ana stipulations following. to-wit.
ARTICLE 1.-The name and fitIe of th;
corporation shall be, George w. Prechtas
Lumber Company, Inc, and under its cor
porate name 1t shall have power and an
thorlty TO have and to enioy cornorato
eAlstehce for period of ninety nine wears
Dissolved
py liquidation or otherwise: il shall bora
Po"er 10 contract, to sue and to he suad
~ MAKE ana use corporate seal and 70
alleE ana break same at pleasure; to hold
leceNe' tease, purchase. transfer assion
convey, mortgage, hypothecate niedga 90
otnerWlSe receive or dispose of pronertv
rear, personal and mixed, corporeai ara
ttncorporeai; to issue bonds and If desired
and bnIs lle same by mortgage; TO buy
ana mold stock in other COMPANIES in.
.iueht 10 the objects and purpoSas or %
me the expansion of the business Interests ~
M eorPorauon; to name, elect and an
ofyinar. suen managers, agents, directors or
oIicers as its business Interests may VI
quire, and TO make and estabIisb .Its
.i amend ITS bylaws rules and ragnio
lions Tor its proper government as I'D,
eroiis u. necessary and proper. and gen,
IdIy 10 DO any and ali things inc;Son.
t 70 or necessary and proper for the eRt
tension or the business in which tho -
poration is engaged. 'ne COT
ARTICLE II.-This corporation Sbou l.
uomlclled IN the City of New Orleans. in
tne otate or Louisiana; and all Citation
or other legal process shall no Sor,.od
upon the President of the corporation, and
IN the event of his absence upon a Vice.
ARTICLE III.-The objects ond nm.
poses for which this corporation is por
sha and created, and the nature of
the business to be carried on NV A. ora
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.
tactured lumber and any and all articles
from wood.
To buy, sell, hold, lease. mortgage and
otherw1se acquire and dispose of stand
ing timber, timber lands and other real
property of any kind.
10 buy, sell, hold, lease. and operate.
saw mills, planning mills, and other Ium-
traor mills, factories, logging machinery,
kinds. VI an
To export and import lumber of every |
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 fer.
eign countries.
To conduct and carry on such other |
business as may be found necessary of
for properly effectuating tho
aforesaid purposes or enhancing the value
Of the properties, rights and privileges Of
the corporation.
ARTICLE IV.-The capital stock of this
corporation is hereby fixed at the sum of
thirty thousand ($30,000.O0) dollars, and
.hree hundred 5000 shares of the par
Talue Of one hundred (s1O0.0O) dollars
zach.
Said stock shall be paid for in cash or
is equivalent, as provided by law, and
n such manner and at such times and
,y the Board of Directors. II
This corporation shall become going
concern and shall be authorized to COM
hence business when thirty thousand
$50 OOOOO) dollars of its capital stock
hall have been subscribed and paid for.
ARTICLE V.-The capital stock OF this
may be increased to the sum
Il two hundred and fifty thousand $3.50
90 OO) dollars, by a two-thirds vote OF all
he stock present or represented at a spe-
ial meeting called for that purpose or at
regular annual meeting Of the corpora
ion.
ARTICLE vI.-AI certificates Of stock
ssued by the company shall be signed by
he President and countersigned by the
ice President; or II authorized by reso-
ution of the Board of Directors, shall be
igned by the President or Vice-President
nd counter signed by the Secretary or
treasurer. /
transferred only on the books Of the cor
'oration and subject to such regulations
nd formalities as may be by the Board
4 Directors from time to time prescribed.
No stakeholder shall be permitted to sell
II otherwise dispose Of his stock without
rst offering the same in writing to the
ther stockholders, through the Board of
Directors, at a price not exceeding the
'ook value thereof at the time Of the last
inventory, and the stockholders shall have
N option and first right to purchase all
he shares Of stock to be thus disposed of
" sale or resignation or otherwise, of
ny Of the stockholders Of the corporation.
nd shall have a period of ten days in
rhich to accept or decline such offer Of
took Should the BOARD Of Directors or