The herald. [volume] (New Orleans, La.) 1905-1953, 1920-04-29
CHARTER OF THE WADESBORo LIM
Der COMPANY, MOOR
PORATED.


PORATED.
United States of America, state of Lou
iSiana. Parish of Orleans, tlty Oh vi
orleans Hr il known that on TINS tehth
day of the month of February in the year
one thousand nine hundred ana twenty
Before me. John r. Upton. notary pup
lie i'm and for this city and the parish
of Orleans state OF Louisiana, therein re-
siding. duly commissioned and qualified
and in the presence OF the witnesses heIc-
matter named and Undersigned person.
ally came and appeared, the SeNertl per
sonS whose names are hereuntO SuDScflb-
ed who declared to me, notary, that avail
ing themselves of the provisions Oh tne
laws of this state relative 10 the orsahl-
zatiOn of corporations ana more espec-
iallv of Act 26T of 1914, they have cove
nantcd and agreed, and by these presents
do covenant and agree for themselves
their successors and assigns 10 i hoIH
themselves into corporation ana OOdy
politic for the objects and purposes, anu
under the StipulatiOns hereinafter set
forth. tO-wit:
ARTICLE 1.-The name and title OF this
rornoration shall be the WADESBORO |
IJ'NBER COMPANY, INC and under !
such title it shall have and enjoy sue
reSsiOn and existence for period OF nine
nine wears from the date hereof unless
sooner dissolved: il shall have power ana
authority TO contract, sue and be sued
to make and use corporate seai, tne
same to break and alter at pleasure 10
have hold. buy, SELL lease, MORTGAGE ny
pOthecate or pledge property, real or per
| sOnal or mixed, necessary proper or IN
| cidental for the carrying on or lts Dusl,
| ness as well to issue bonds secured
by such mortgage: to make ana issue
| notes and other certificates OF indebted
ness; to name. elect and appoint man
| ayers directors. clerks or other employees
| 10 properly conduct its corporate busl-
ness. and to make such bylaws, ruies anu
regulations rs may be necessary or found
| desirable for the management OF the busl-
| ness and affairs of this corporation, ana
| generally to do every other act, matter
| or thing necessary or desirable Tor tne
complete and proper carrying out OF SAID
business.
ARTICLE 1.-THE domicile of this cor
| poration shall be in the city OF New
Orleans. state Of Louisiana. where all CT
| tatiOns or other legal process snall De
served upon the president, or in his alb
sence on the vicepresident, or in the alb
| sence of both upon the secretary.
ARTICLE III.-The objects and pur-
poses for which this corporation Is or
ganizpd and the nature of the business 10
be carried on by it are hereby declared
and stated to be the manufacture. and to
buy and sell, veneer, lumber, shlngies'
timber, logs. box shocks ana WOODEN
; packages of all kinds, and all other tim
: Der products. for either domestic. sale or
: export; and to that end purchase, lease or
| otherwise acquire and operate veneer
mills, box factories and saw-mills in the
state of Louisiana and elsewhere; to con-
struct, acquire and use railways, tram
, ways and other roads or right OF way Tor
the transportation of veneer, boxes, SHOCKS,
, lumber, timber, logs and other products:
to buy lease and otherwise acquire tim
} Der lands and timber rights on land, ana
/: to acquire. lease, hold, and buy lands Tor
the use of saw mills and factories ana
timber yards, in the state or Loulsiaha'
or elsewhere; to acquire by purchase
|, lease or otherwise patents and inventions
. that might be used for the purposes OF
the business of this corporation; ana
: generally to do and perform any ana
, 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 (S25 OOO0Ol dollars
o divided into two hundred and fifty (25Ol
q shares of the par value Of one hundred
h ($1OO.O0) dollars each, provided, that the
o amount to which the capital stock OF TINS
- corporation may be increased shall d.
# fifty thousand $50 OOOOO) dollars or five
q hundred (J00) shares, of the capital stoch
of this corporation must be subscribed
t before the filing of the articles OF 1ncor
n | pOratiOn The subscribed capital STOCK o.
g this corporation shall be payable in cash
J. property (real or persOnaD, for labor anC
Il services rendered and performed.
e No stakeholder shall ever be held liabl
= or responsible for the faults, contracts o.
: debts of this corporation in any furthe
q sum than the unpaid balance due tn
corporation on the shares of stock sub
scribed by him, nor shall any mere III
fOrmality in organization nave the el
: feet of rendering this charter null, or o
n exposing any shareholder to any HADN'T
T. whatsoever.
~ This corporation shall not engage Il
in business until two hundred t2OO) shares
or twenty thousand (S20.OOOOOl dollars o
the capital stock shall have been issue
and paid in, in cash or for property, o
for cash and property, and if any stoc
of this corporation is exchanged. elthe
in whole or in part for property or goo 200
. ton 3 of Act 267 of 1914, shall be CON
IL piled with strictly.
ARTICLE VAN the corporate pow
ers of this corporation shall be vested !
=, and exercised by a board of directors
~ be composed of three stockholders, eac
m | of whom shall own in his own right, dul
no ing his term Of office, at least one III
~ ! paid share of stock, two of whom sha
a | constitute a quorum for the transactio
nd | of business.
Ite ARTICLE VI.-The officers of this co
ed poratiOn shall consist of a president, vic
~. president, secretary and treasurer, Q
IS of whom shall be members of the boar
m of directors.
Ter The following named persons shall col
NJ stitute the first board of directors, to-wi
OF Nelson Jensen, No. 1927 Napoleon avenu
~, New Orleans, La; William NJ. Iurnag
ia Pontchatoula. La; Elizabeth Jensen,
~, I9 1927 Napoleon avenue New Orleans La
s William c. Zickgraf, Jellico. Tennessee
uo All residents of the state of Louisian
a except William e. Zickgraf, as abo
- stated, with Nelson Jensen, presiden
M william VI. Turnage, vice. president; Eli
'ad abeth Jensen, secretary, and William
81 Zickgraf. treasurer, and these directo
I'd shall hold office until the second Tue
OF DAY Oh MarSn; ISII, or unul the 81
de- cessors are uuiy elected anu uuaIih1u.
aid Thereafter the directors shall be elect
Dr. annually on the second Tuesday of Mar
or of each year; all elections Of directo
md snail De Dy Daiiot, ana eacn stocknoiu
ar shall be entitled TO one vote Tor ca
aid share of stock standing in his name
nts the books Of this corporation. this vote