The herald. [volume] (New Orleans, La.) 1905-1953, 1920-01-01
CHARTER OF THE COONS SILO AND
BUILDING CO., INC.

/
BUILDING CO., INC.
! United States of America, State of Louis
lana, Parish of Orleans. BE it known, that
| on this 4th day of the month of Deem
Der, in the year IF our Lord, one thOus-
and, nine hundred and nineteen. and in
the Independence of the United States of
America, the one hundred and forty
fourth, before me, Percival II. Stern. a
notary public in and for the Parish of Or
leans, state of Louisiana, duly qualified
and commissioned, and in the presence of
! the witnesses hereinafter named and I'M
derslgned, personally came and appeared
| the several persons whose names are here
uhto subscribed, who severally declared
| that awaiting themselves of the laws OF
| the state ofpLOuisiana, relative to the or.
ganiZation of corporations, and more Dar-
ticularly Act No. 267 of the year 1914 an
proved July Q, 1914, they have convenanted
and agreed, and do by these nrnsents
covenant and agree. bind, form and con
stltute themselves as well as such pprsons
who may hereafter join or become as.
Sociated with them, into a corporation
anu anu DUuy poltlc IN law, for the objects
ana purposes and under the agreements
ana shpuiations following, to-wit:
ARTICLE 1.-The name and STYLE of
Snis corporation shall be "Coons Cypress
CLIO ana Lumber Company, Incorporated"
ana under that name it shall have and en-
Joy all the rights and privileges granted
Dy law to corporations; IL shall eXist for
the period OF ninety-n nine years from this
DAY; 1t shall have the power TO contract
sue and be sued in its corporate name; TO
make and use corporate seal and The
same to break or alter at nIaasnra. nv 1o
nold, receive purchase. convey. mortpage
nypothecate, or pledge, property' hot6
neai ana personal; to issue bonds. notes
Strn v.ner oDngatlons or negotiable in.
o,i Lunenus; 10 have and employ such man
ayers directors, officers agents or ntIn,
eHpIoyees as the interest and convanienca
m.nd u CORPORATION may require or do
laws 10 make and establish such by-
laws, rules and regulations for tho nc
pirate management and control of tbo
aL az OF the corporation as NAV no d.,
ed eApedient and necessary. "e ueen'
nondti iICLE 1.-The domicile of said cor
pS Sion shhI be established in tba CO.,
OF New Orleans, State of Ionis; ne City
az az endll0hs and other legal procasS shni
oe served on the President ana a. snah
in LIS mis absence on the Vice President anS
rotary. vi ooth on the Sec
ARTICLE II.-The objects and mr.
poses for which this Corporation IL
canned, and the nature of the bnsinoSs
20 ~ Ne carried on by it are hereby declared
bouses ond construct silos, buildings and
fro,s, ana articles of every descrintion
from r cypress and from such Other IiUd
o iohoer ana materials as NAV no noe
essary, and to sell, lease tra1sfor ~,
eon;n 10 deal in same; TO construct
pn,. hs
JURISDICTION, equipment and eractinr 'e nc
90 houses and buildings and orticIos
VI every description and Kind an .hns
tail 80 ana IN every particular and do
inrat iom cypress and such other kinds 20
lumber and materials as NAV IN anus OF
ia Sary, ana generally to buy. sell ana Ses,
inmbn ana TO manufacture and m.rtat
ieaso products; to buy, sell. deal ne
claim and ior.gage real estate, to re,
SSseraIy to do and engage in on! ana
Duets, undertaking or enternris oener
incidon. Win, growing out of. german eon- |
set forth or ~ any any OF the purposes above
o'n' or contemplated by This ohao. o.e
ARTICLE Iv.-The capital stoct e nf tti:
ssorporatlon is fixed at the sum of two
huhdred thousand $500 600 OO dollars ";
stueq INTO one thousand common sborn.
o % tne par value Of one hundred dollars
&c anu one thousand preferred sbaros
Oh the par value of one hundred doIiae
,];9 an shares of stock shall he fm,i
pau LOT IN cash, property or good viii
R nues s9ch terms and conditions "a tba
De worcestershire MT anu snail |
The preferred stock shall be preferred |
as 10 earnings up to a maximum of eight |
lo) per cent annual dividends payable |
emi-annually, which shall be paid before |
any dividends are paid on the common
paid dividend up to a maximum of |
eight (S per cent.
The intent of the above clause is that
no dividend is to be paid on the common
stoek until and unless, the eight per cent
per annum dividend has been paid each
year ON the preferred stock
ANY further dividends declared are "a
De shared equally by the common ana
preferred stock. Both classes of stock
WITH the exception Of the preference in
nlvidends accorded to the preferred stocL
nnuer the provisions of this article shall
oc on parity in all things relating to or
h,Iectng this corporation shall have Tho |
'Isnt 70 participate in corporate meet
'hgs ana are accorded equal voting vaIne
Inc capital stock Of this corporat;on
doiio, ue INCREASED to five hundred thousand
nolIars, OF either common or preferrad
STOCK or partly Of both kinds.
ARTICLE v.-AIl the corp6rate mower,
the management and control of its affairs
shall be exercised by a Board of Di-
rectors composed of seven stockholders
he membership Of which may be increased
% number not exceeding eleven by the
Board Of Directors at any of its regular
Directors shall constitute a quorum for
he transaction of its business. The di-
'ectors shall be elected by ballot annually
IN the second Tuesday in January. in each /
7ear. Each stakeholder shall be entitled
n person or by proxy to a vote for
hall be held under such rules and regn.
ations as may be determined by the
Board of Directors after fifteen DAYS
lotice by mail sent to each stockhoIder
{ his last known address. The directors
nus elected shall continue in ONCE for
me year or until their successors have
zen duly qualified. No failure to elect
directors for the unexpired term. The
AID Board shall likewise elect such addi-
ionai members In case they determine tn I