The herald. [volume] (New Orleans, La.) 1905-1953, 1920-04-08
CHARTER OF THE HARDWOOD EN-
PORT co. INC

CHARTER OF THE HARDWOOD EN-
PORT co. INC
United States of America, State of
Louisiana, Parish of Orleans, City of New
Orleans.
Be il known that on this LIST day of the
month OF March, in the year of our Lord
one Thousand Nine Hundred and Twenty.
ana of the Independence of the United
States of America the one Hundred aud
Forty Fourth: Before me, Alfred Charles
Hammer. a Notary Public in and for the
Parish of Orleans, State of Louisiana.
aforesaid. therein residing. duly commits
stoned. sworn and qualified, and in the
presence of the witnesses hereinafter
named and undersigned, personally came
and appeared Hendrix Jansen, Christie
pher j. Hay and Harold Il. Carter. all of
the full age of majority and residents of
the City of New Orleans. State of Louis
lana. who to me severally declared that
availing themselves of the laws of the
State of Louisiana in such cases made
and provided, and particularly of the pro
visions of Act No. 261 of the Acts of the
General Assembly of the State of Louis
lana for the year 1914, as amended, they
have coyenanted and agreed and do by
heSe presents covenant and agree and bind
themselves. as well as all such persons as
may hereafter join or become associated
with them. to constitute and form cor
pOration and body polite in law, for the
objects and purposes and under the artl-
clcS and StipulatiOnS hereinafter set forth
and expressed, which they hereby adopt
as the Charter of this corporation, to-wit:
ARTICLE 1.-The name and style of this
corporation shall be The Hardwood En-
port Co. me-" and under its said cor
porate name il shall have and enjoy cor
porate existence and succession for the
full term and period of ninety nine years
from and after the date hereof; II shall
have power ana authority to contract. sue
ana be sued, to make and use corpor-
ate seal, and the same to alter and break
at pleasure; to hold, receive, lease, pur-
chase and convey, as well as mortgage
and hypOthecate. property, real, personal
and mixed, corpOreal and lncOrporeal; 10
name and appoint such managers, agents,
directors and officers as its business, in
| terest and convenience may require, and
to make and establish, as well as alter
and amend from time to time, such by
laws, rules and regulations for the proper
government of the affairs of said corpOr-
I alton as may be necessary and proper.
| ARTICLE 1.-THE domicile of this cor
poratiOn shall be in the City of New Or
| leans, State of Louisiana, and all cita-
| tons or other legal process shall be served
upon the president of said corporation or
| in the event of his absence, upon the vice
president thereof and, in the absence or
both of said officers, upon the secretary
| thereof.
| ARTICLE III-The objects and pur-
poses for which this corporation is organ
izeG and the nature of the business to be
carried on by il are hereby declared TO
lumber, timber and logs, both for domes-
tic and foreign consumption; to carry on
the business of an exporter OF lumber ahc
for this purpose to own and charter yes
sells and to do a steamship business; and
generally to do and transact all such bus
mess as may be incidental to or connected
with the business contemplated in this
charter.
ARTICLE Iv.-The Capital Stock of this
CORPORATION is hereby fixed at the sum of
Fifteen Thousand Dollars ($15,OOO.0O), di-
vided into and represented by one hun
bred and fifty shares of stock OF the par
value of one hundred dollars SlOO.OO)
each. Said stock shall be paid for IN
cash, at such time. in such amounts and
after such notice to the subscribers as
may be fixed by the board of directors,
or the same may be issued at not less
than par for labor done or property act
ually received by the corporation. This
corporation shall become a going concern
and be authorized to do business when
Eight Thousand Dollars (SS,OOOOO) of Its
capital stock shall have been subscribed
and paid for. The amount to which the
CAPITAL stock may be increased shall be
the sum of Fifty Thousand Dollars 700
OOOOO). No stakeholder shall have the
right to sell or otherwise dispose OF any
stock of this corporation without first Of
fering THE same in writing to the mem
bers of the board of directors OF this cor
poration, then in office, through Its presl'
dent which members shall have ten llO)
days within which to accept or refuse
the offer and shall have the right to pur-
chase such stock so offered or any part
thereof, at it's book value, irrespective OF
the price that may have been offered 1oi
said stock by anyone. Should said mem
|, hers fail to avail themselves of said prlv1'
lege within said period of time, then the
said stock may be offered and sold TO any
other person or persons. III more than one
member of the board avail themselves OF
the right to purchase the stock, as mere
inabove provided, then the stock so pur
. chased shall be divided among the mem
bers so availing themselves of said righ
in che proportions in which they severallI
own stock in the corporation.
: ARTICLE V.-All the corporate powers
of said corporation shall be vested in ant
exercised by board of directors, com
posed of three stockholders, two of whom
3 shall constitute a quorum. Said director
I shall be elected annually on the secon'
) Tuesday in March in each year, excep
The first board appointed in this Charter
4 who shall hold their offices until the sec
, ond Tuesday in March, 1921. All sucl
/ elections shall be held by ballot and con
Quoted at the office of the said corpora
a ton. under the supervision OF three com
o missioners to be appointed by the boar,
e of directors. Notice of such election shall
e be given by the secretary OF the com
pany by written notice thereof Delivers
personally or by depositing same In IN
post office properly addressed, to eac
: | stakeholder at least fifteen I'D days pre-
? ceding such elections. At all such cleo
!, tons and at all corporate meetings ever
: stakeholder shall be entitled to one vot
y for each share of stock standing in hi
name on the books of the corporation,
: | be cast in person or by his written proxy
: and a majority of the votes cast sha
; | elect. Any vacancy occurring among IN
u directors by DEATH resignation or other
: wise shall be filled by election for the r.
q mainder of the term by the remaining al
!. rectors. A failure to elect directors on IN
= date above specified shall not dissolve th
\ corporation nor impair its corporate man
" agement but the directors then in ofhc
;. shall remain in office until their success
u sOrs are elected and qualified. The boar
T of directors shall elect from their ow
q number a president and a vice-presiden
e They shall also elect secretary and
: treasurer, or one person who shall o
!, both, either Of whom may or may not b
: members of the board. They shall hay
: power and authority to appoint geners
: manager to conduct the business or TN
: corporation, under such authority as ma
n be granted by the board of directors frof
tine 20 time, and they may, from tim
II to time, name and appoint all such othe
!: officers, agents or other employees a
:. may be deemed necessary for the purpos
;; and business Of the corporation. The
:; shall have power to fix the compensate
d and define the duties Of every officer an
d employee, and all officers and employee
y shall hold office and employment at tn
,e pleasure of the board. The board ma
q make and establish as well as alter an
r amend. any and all bylaws, rules an
,. regulations necessary and proper In ii