The herald. [volume] (New Orleans, La.) 1905-1953, 1920-03-25
CHARTER.
CHARTER OF THE wADESBORO LUM-
Der COMPANY. MOOR
PORATED.

United States Of America. State of Lou
i~iana. Parish of Orleans. City of New
Orleans. f." il known that on this tentl
day of the month of February, in the veal
one thousand nine hundred and twenty
E"fOr" me. John X. Upton, a notary pub
lie in and for this city and IA" parish
of Orleans. state of Louisiana therein re
siding, duly commissioned and qualified
ana in the presence OF the witnesses here
matter named and undersigned. person.
ally came and appeared. the several per
sons whose names are hcreunto subScrib,
ed, who declared to me-, notary, that avail,
ing them selves of the provisions of the
laws Of this state relative to the organi-
cation of corporations. and more eSpec.
tally of Act Pa of 1914. they have cove
nantcd and agreed, and by these presents
do covenant and agree for themselves
their successors and assigns. to form
themselves into Il corporation and body
polite, for the objects and purposes. and
under the SupulatiOnS hereinafter set
forth, tO-wit:
ARTICLE Til" nam" and title of this
G@rP"raiIon shall be the WADESBORO
such til" it shall have and enjoy sue
/ C">>i0n ana cNi>tenr" for period of nine
I lynn" years from the date hereof unless
sooner dissolved. il shall have power and
authority to contract, sue and be sued {:
. TO make and Use "a corporate seal the
/ sam" 10 break aud alter at pleasure: to
: have" hold. buy. sell lease. mortgage. hy-
: poth"tt" or pledge property. real or per
/ ~oudl or mixed. necessary proper or in
rid"utal for the rUrying on of its bust
F ness. rs wei as To- issue bonds secured
by such mortgage: to make and issue
| notes and other certificates of indebted
ness; to name. elect and appoint man
/ ayers. directors. clerks or other empIovcS
to properly conduct its corporate bust
ness. and To make such bylaws. rules and
regulations rs may be necessary or found
Al 4 p4 ~. fFr 10
ness aud affairs of this corporation and
generally to do every other act matter
or thing necessary or desirable for the
complete and proper carrying out of said
business
ARTICLE 1.-THE domicile Of this cor
p"ration shall be in the city of New
Orleans. stat" Of Louisiana, where all ct.
tationS or other legal process shall be
served upon the president. or in his alb
N"nce on the vice president. or in the alb
>enc" of both upon the secretary.
ARTICLE IIT.-The objects and pur-
poses for which this corporation is or
ganiZed and the nature of the business 10
be- carried on by il are hereby declared
and stated to bc the manufactures and TO
buy and sell. veneer. lumber. shingles
timber. logs. box shocks and wooden
packages of all kinds and all other tim
Der products. for either domestic sale or
export, and I" that end purchase. lease or
otherwise acquire ana operate veneer
mills, box factories and Saw-millS in the
state of Louisiana. and elsewhere: TO con
>truct, acquire and use RAILWAYS tram
ways, and other roads or right of way for
the transportation of veneer. boxes shocks
lumber. timber logs and other products:
10 buy, lease and otherwise acquirp tim
Der lands and timber rights on land and
10 acquire. lease. hold. and buy lands for
IN" Use Of saw mills and factories and
timber yards. in tn" state of Louisiana
or elsewhere; To acquire by purchase
F.n T.arf. 1
mat might he used for the purposes of
the business of this corporation: and
generally 10 do and perform any and
all things necessary or convenient To carry
on said objects and purposes.
ARTICLE IV.-The capital stock of this
corporation is hereby fixed at the sum of
twenty five thousand ISIS OOO.OW dollars
divided into two hundred and fifty (2jOl
shares OF the par value of one hundred
(SlOO.OOl dollars each provided that rho
amount 10 which the capital stock of this
corporation may he increased shall be
tlfty thousand tSJ0. OO0OOl dollars or five
hundred (JOOD shares, Of the capital stock
of this corporation must be Subscribed
before the filing of the articles of incor.
pOratlon The subscribed capital stock of
this corporation shall be PAYABLE in cash
property (real or PERSONAL. for labor and
services rendered and performed
No stakeholder shall ever be held Liable |
or responsible for the faults. contracts or |
debts of this corporation in any further |
sum than the unpaid balance due the |
corporation on the shares of stock sub |
scrlbed by him, nor shall any mere in
lormallty in organization have the eff |
feet of rendering this charter null or of
exposing any shareholder to any liability
whatsoever
This corporation shall not engage in
business until two hundred (2OO) shares
or twenty thousand ($20.OOO.OO) dollars of
the capital stock shall have been issued
and paid in. in cash or for property. or
LOT cash and property, and if any stock
OF this corporation is exchanged. either
IN whole or in part for property or good |
VIII in that event the provisions of Sec
ton of Act 261 Of 1914 shall be com |
piled with strictly
ARTICLE V.-An the corporate now
erS OF this corporation shall be vested in
and exercised by a board of directors TO
be composed of three stockholders zach
Oh whom shall own in his own right, dur
ing his term of office. at least one fun
paid share of stock. two of whom shall
.3hStnute quorum for the transaction
Of business.
ARTICLE VI.--The officers of this cor
poration shall consist of a president. vice
president, secretary and a treasurer. all
ot whom shall be members of the board
Of directors.
The following named persons shall con-
,tltute the first board of directors. to-wit:
Nelson Jensen, No. 1927 Napoleon avenue
New Orleans, La; William NJ FURNACE
Pontchatoula. La: Elizabeth Jensen, No.
~ Napoleon avenue, New Orleans. La:
W lillian {. Zickgraf, JellicO Tennessee
MI residents of the state of Louisiona |
Except William 4. Zickgraf. as above
'tated with Nelson Jensen president.
" lillian NJ. Turnage. vice president; Eliz-
lDeth Jensen, secretary. and William c. |
lickgraf. treasurer. and these directors
,hall hold office until the second Tues
lay of March. 1921. or until their suc-
'esSors are duly elected and qualified
thereafter the directors shall be elected |
annually on the second Tuesday of March |
II each year: all elections of directors
hall be by ballot. and each stockboIder
mail be entitled TO one vote for each |
hare of stock standing in his name on
ne DOCKS OF this corporation. this vote TO
~ east in person or by written proxy |
md II shall require twO-thirds of the I
tock present or represented to elect
Failure to hold an election for dirnc ,
ors on the second Tuesday of March. ,
vi, or annually thereafter shall not :
work forfeiture of this charter. but tbe :
I'D board of directors shall remain in :
fflce until their successors are duly
lected and qualified.
ARTICLE VII.-The board of directors ,
haIi mold regular meetings at such times :
5 snail be fixed in the bylaws of this :
orpOratlon. These meetings shall be held | :
I the domicile of the corporation. bnt /;
ne president may call special meetings !
the board of directors at such times as ,
q may deem advisable. and he shall he y
equlred to call such special meetings at
ne request of member of the board OF y
FnfNn