The herald., 1920-09-30
NJ QUINTEHO.
Notary Public
CHARTER OF THE NORTH AMERICAN
TRADING n MANJFACTJRING



day Of the month OF August. in the year
Of our Lord. uiutcru hundred and twenty.
before me Warren '. Miller. a duly com
mI~>luu"d. qualified and acting notary
public. in and for the Parish of Orleans
State of Louisiana. and in the presence Of
the hereinafter named aud Uudrr,igEing
witnesses. personally came and appeared
the several persons whose names ar. here
unto subscribed and sevrrally declared
that ayailing themselves and those they
represent. a. well as those who may here
matter become associated with them. of
the general laws Of the stat" Of Louisiana,
in such cases made and provided. they
have formed and organized, and by these
presents form themselves. as well as those
they represent and such others Is may
hereafter become associated with them,
into a corporation and body polite ia
law. for the object and purposes in che
following articles set forth and expressed,
which they adopt As their charter.
ARTICLE 1.-The name and title Of this
corporation is and shall be- The North
American Trading Il Manufacturing CO.
Inc" aud il shall exist and enjoy sue
ceSSiOn by its corporate name for period
of ninety nine 800 years from the date
hereof with all the rights. privileges and
powers now or hereafter conferred by law
upon trading corporations. Its dOmi"ile
shall be in the City of New orleans. and
all citations and legal services shall be
made upon the President, and in the event
Of his inability to act etc, upon the
Wee President or Secretary, in the order
named.
ARTICLE 1.-THE capital stock OF this
corporation is hereby fixed at the sum
of tiye thousand dollars t$jDO.OOD all Of
which shall be divided into and repre-
Sented by fifty 600 shares of tn" par value
of one hundred dollars ClOOOOl each
Stock may be paid for in money. in Serv-
ices rendered the corporation. or i'll prop
erty regularly transferred TO the corpora
tons all as shall be determined by the
Board of Directors.
ARTICLE uI.-The objects and
purposes for which this corporation is or
ganized are declared to b" the buying
leasing, selling and otherwise dealing in
both aS principal and agent timber, lum-
Der. moss furS, fuel, and such other ar
ticles as ordinarily are sold or used in
conjunction Herewith, including articles
manufactured out of same; to erect main
tain and operate mills and factories stores.
etc. for the selling, manufacturing and
otherwise dealing IN said articles, and in
general to do any and all things com
patable and gcrmane to and not contra
dictory with the above set forth objects.
ARTICLE IV.-Thc corporate powers OF
this corporation shall be vested in
Board of three 80 Directors, majority
of whom shall constitute a quorum for
the transaction of business. Absent di.
rectOrs may vote at any meeting of the
directors by proxy in writing TO any other
director for that particular meeting.
The first Board of Directors of this cor
poration shall be composed Of Henry
VOelkpr f. H. Chisholm. and +. l.. Put
nam. with +. l.. Putnam, as President;
H. VOelker, as Vice President, and T. ii.
Chisholm, as Secretary Treasurer, and
said officers and directors shall serve as
such until the second Monday in January,
1928 or until their successors are duly
qualified and elected.
. hni
ton of Directors shall be held yearly on
the second Monday in January, beginning
with the year 1923. The Board OF Di-
rectOrs shall have the right to elect, with
out reference to a stockholders meeting,
any stakeholder to be a Director, when
ever a vacancy shall exist on the Board
of Directors through death or resgna-
ton.
ARTICLE V.-The corporate powers Of
this corporation are expressed and set
forth in Section Seven OF Act 267 of the
Louisiana Legislature of the year 1914.
and shall be- duly employed by and
through the Board of Directors.
The duties of the several officers shall
be set forth in the bylaws, which shall
be adopted by the Board of Directors and
amended or altered at will, and they shall
have the right to employ, under contract
or otherwise. a general manager. who may
or may not be a member OF the Board OF
Directors. all rs shall be determined by
unanimous consent of the Board of Di-
rccIorS. the several officers may delegate
to said general manager such OF their
duties az may seem desirable, ana the
compensation of said general manages
must be fixed by unanimous consent or
the Board of Directors.
1t is mutually COvenanted and agreed
that any salaries to be paid the officers
and Board Of Directors of this corpora
ton. either now, or ut any time during
the eXistance OF this corporation, shall
be unanimously approved by the entire
Board of Directors, then in office, before
taking effect, and such salaries when once
approved unanimously by said Board OF
Directors are not subject to change with
out mutual agreement and unanimous ap-
prevail Of said Board.
ARTICLE VINO stakeholder Of this
corporation shall ever be held liable for
any debts of the corporation other than
to the amount Of the unpaid portion Of
their subscription 10 stock, If any, and no
informatilty herein shall subject or rem
der them liable in the premises.
ARTICLE VII.-Amendments of this
charter or liquidation of this corporation
shall be subject to the rules laid down by
Act 261 of the Louisiana Legislature for the
year 1914.
ARTICLE VIII-The capital stock of
this corporation may be increased, by
amendment TO this charter, to any sum
not exceeding fifty thousand dollars;
Provided. that any increase in capital
stock so issued shall first be offered to the
stockholders Of record in this corpora
tion in proportion TO their holdings. be-
fore same shall be generally offered for
sale
Thus done, passed and signed on the
day and date first hereinabove written, in
the City of New Orleans, in the presence
of l.. K. Hoover and l.. A. Hines, COM
petent witnesses, and me, Notary, after
due reading OF the whole; the sub
scribers setting opposite their names the