The herald. [volume] (New Orleans, La.) 1905-1953, 1920-02-26
CHARTER.


al persons whose names are hereunto
subscribed, who declared that, availing
themselves of the laws of this State rela-
tive to the organization of corporations,
they have covenated and agreed, and do
by these presents covenant, agree, bind,
form and constitute themselves, as well
as such persons as may hereinafter join
or become associated with them into
corporation or body polite in law, for
the objects and purposes and under the
agreements and Stipulations following,
to-wit:-
ARTICLE 1.-The name aud title of
this corporation shall be Cummings
AoDerly lie ~ Land Company, Inc, and
under its corporate name 1t shall enjoy
succession for the full term and period
OF nlnety-nine years from and after the
date hereof, aud shall have power and
authority to contract, sue ana be sued
TO accept and Receive mortgages, pledges
or other SPECIFICATIONS; to make and
use corporate seal and the same to
break and alter at pleasure; to purchase,
receive. lease, hold or otherwise acquire
and convey, as well as mortgage and by
pothecate under its corporate Name. prop
erty both real and personal and mixed
TO borrow money and make and issue
bonds and other evidence OF debt, and TO
secure the same by mortgage and other
wise; TO acquire. hold anu reissue shares
OF It's capital stock; to carry out all OF
the objects ana purposes hereinafter set
out; to name and appoint such managers
anu agents, the
interest and convenience OF said corpora
uon may require; ana to make ana es-
tablish, as well as alter and amend at
pleasure, such bylaws, rules anu regu-
lations for The management and regula-
ton OF the affairs OF the corporation as
may be necessary, proper or convenient;
and generally to DO all such acts anu
things as trading corporations are au-
thorlzed to 10 under the laws of the
State Of Louisiana.
corporation shall be in the Parish of Or
leans, State of Louisiana, ana all citi-
tons or other legal process snail be
served upon the PRESIDENT OF the Com
pany, or, In his absence, upon the Vice
president, or, in the absence oil bOtn
the President and vice-President, upon
the Secretary.
ARTICLE III.-The objects and pur-
poses for which this corporation is or
ganlzed and the nature Oh the business
TO be carried on By it are hereby declar-
ed to be: The manufacture OF cross ties
and all othSr kinds oil lumber; the con-
structlon anu operation sawmills anu
all other buildings, manufacturing es-
Establishments ana appliances necessary
anu convenient Ior sucn manufacture; to
acquire, hold, lease, sell, improve, mort
gage, reclaim, cultivate and deal in lands,
timber, real estate and improvements and
properties located thereon which are Incl
dent thereto or connected herewith; to
construct ana operate commissaries,
boarding houses, hotels, warehouses and
general stores; to acquire the property,
business and good will Of any individu-
ais, firms or corporations engaged in
any of the businesses enumerated above;
to issue bonds and to give mortgages and
pledges in such manner and form as ii
may determine; to acquire and hold, sell,
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 Its en-
tire assets and business, or any part
for property, stocks, bonds or
other obligations of other companies; TO
10 the stock OIL otner compan-
les; and generally to do any and all
such acts and things as may or shall
lie necessary, convenient or proper icr
the accomplishment OF any of the fore
going objects and purposes.
ARTICLE IV.-The capital stock OF
this corporation Is hereby fixed At Fiji
ty Thousand $50,0O0.00) Dollars, repre-
sented by five hundred tJVvJ SHARES OF
the par value of One Hundred l$lOO.Oo)
Dollars, per share. The amount Of said
stock may be increased to Five Hundred
Thousand ($5000o0O0) Dollars.
ARTICLE Vail the powers Of this
corporation shall be vested in ana exer-
cised by Board composed Of three Di-
rectors. Said Board shall be elected an
nuaily by ballot ut a stockholders meet
ing called tor that purpose on the first
Monday of February OF each year tor the
next legal day If That day be a holidayD
after due notice given to the stockholders
by mail at least fifteen days before the
date of said meeting. Each holder of
stock shall be entitled to one Note Tor
each share of stock standing In his name
on the books Of the corporation, said vote
to be cast in person or by proxy, and
the majority OF votes cast shall elect.
The Board of Directors shall have the
power to fill all vacancies which may
occur or in any manner arise or be Great
ed on the Board. even though no quorum
remain at the time sucn vacancies are to
be filled. Failure to elect directors Oh
the day above specified shall not dis
solve the corporation, but the Directors
then In office shall remain In office un-
til their successors are elected and quail
fled. The Board shall elect from their
number a President, a Vice-President and
a Secretary; provided that the Board may
elect such other officers (who need not
be members of the Board Of stockhold-
ers) as they think proper or convenient
for the carrying on of the Companys
business, and may combine any oInces
or dispense with the same, and they snail
fix the salaries of all officers, agents and
employees. At any meeting Of the Board
of Directors, any Director absent from
the meeting may be represented by any
other director who may cast the vote OIL
the absent Director according to the writ
of said absent Director. The Board or
Directors shall have authority to make
and establish, as well as alter and amend.
all bylaws, rules and regulations neces-
sary and proper for the support and
OF the business and affairs
Of this corporation and not inconsistent
with this charter; and they shall have
power to authorize the borrowing or mon
ey and the issuance Of notes and the
execution of pledges, and generally to
do all things necessary or convenient for
the proper carrying on of the business
of the corporation.
Until a general meeting of the stock
holders for election of Directors to be
held in 1921, or until their duly quail
fled successors are elected and installed,
the Board Of Directors shall be composed
post office address 1904 Thurman Street,
Portland Oregon. c. J. Robertson, post
office address Carter Building, Houston,
Texas. NJ. M. Lemann, post office ad-
dress 11O4 Hibernia Building, New Or
leans, Louisiana. Of these, Ednah w.
Remick shall be President; G. ]. Robert
son Vice-President, and M. M. Lemann,
ARTICLE vI-This act Of incorpora-
ed, or the corporation dissolved, by d
vote Of wo-thirds of the entire capital
stock present or represented at general
meeting Of the stockholders convened
for such purpose, after previous notice
shall have been given in the manner
above required to be given at the an
nual meeting Of the corporation.
ARTICLE Wifi this corporation
shall be dissolved. either By limitation or
by three commissioners to be
n ppointed at the meetipg OF stOckhOld-