The herald. [volume] (New Orleans, La.) 1905-1953, 1920-01-08


ten and in the presence of Morris Il. Red
mann and Paul Chaser, competent wit
nesses, who have hereunto signed their
names, together with the said appearers
and me, Notary. after due reading of the
whole.
Recorded NJ. o. b. 1898, folio 1, Phi. of
Orleans.
Witnesses:
Morris b. Redmann,
Paul 4. Chasez.
HERMAN L. BARNETT.
Notary Public.
HERMAN L. BARNETT.
Notary Public.
Dec. a5-Jan. 90.
CHARTER OF GEORGE W. PRECHTER
LUMBER COMPANY, INC.
United States of America State of Louis-
lana, Parish of Orleans, City of New Or
leans. Be it known. that on this Sth day
OF the month of December in the year of
our Lord, one thousand, nine hundred
and nineteen, and Of the Independence of
the United States of America, the one
hundred and forty fourth, before me, Her
man l.. Barnett, a notary public, duly com
missi0ned and qualified in and for the
Parish Of Orleans, State of Iouisiana
tnereln residing, and in the presence of
the witnesses hereinafter named and I'M
derslgned, personally came and appeared.
the several persons whose names are here
unto subscribed, all of the full age of
majority, who severally declared TO me
notary, that availing themselves of the
laws OF the State of Louisiana, in such
Uses Uses maze and provided, and more par
tlcuiarly or Act 267 of the General As
semDiy OF the State of Louisiana of 1914
reIatlng 10 the creation, organization and
formation OF corporations, they have con-
Nenahteu and agreed, and by these pres
ehts DO covenant and agree and hind
themselves, as well as all such other nar-
sons as may hereafter become associated
WIN them, TO form a corporation for the
vpgects and purposes and under the ar
LILIES anu stlpulatfons following to-wit.
ARTICLE 1.-The name and title of this
corporation shall be, George W. Prechter
Lumber Company, Inc, and under its cor
porate name IL shall have power and au-
tnority 10 nave and to enjoy corporate
existence for period of ninety nine wears
from date hereof, unless sooner dissolved
by liquidation or otherwise; il shall have
power TO contract, to sue and to be sued
10 make ana use corporate seal and TO
aiter and break same at pleasure; to hold
receive, lease, purchase. transfer assign
convey, mortgage, hypothecate, pledge or
otherwise receive or dispose of property
real, personal and mixed, corporal and
lncorporeal; to issue bonds and IL desired
TO secure the same by mortgage: TO buy
and hold stock in other COMPANIES in
cident to the objects and PURPOSES or to
the expansion Of the business interests OF
MINI rne teorp on to. name, elest and ap-
punt sucn managers, agents, directors or
oincers as Its business interests NAV re-
qulre, and to make and establish alter
ana amend Its bylaws rules and repula-
h t.on s Ior It's proper government as may
pe ueeineu necessary and proper and gem
crafty TO do any and all things incident
10 or necessary and proper for the ay
tension OF the business in which the cor
poration is engaged
ARTICLE I.-This CORPORATION shall ba
domiciled in the City of New Orleans. in
| the State of Louisiana; and all citation
or other legal process shall be served
upon the President of the corporation, and
| III tne event OIL his absence upon a Vice
ARTICLE III.-The objects and DUR
poses for which this corporation is or
gained and created, and the nature of
she business TO be carried on by it, are
declared to be as follows:
To buy, sell, deal in and handle lumber
of all sorts and descriptions, including
standing timber, cut timber, logs. manu-
| featured lumber, and any and all articles
manufactured from wood.
To buy, sell, hold, lease, mortgage and
otherwise acquire and dispose of stand
ing timber, timber lands and other real
property of any kind.
To buy, sell, hold, lease. and operate,
saw mills, planning mills, and other lum-
Der mills, factories, logging machinery,
tracks, engines, cars and machinery of all
kinds.
To export and import lumber of every
description, to engage In foreign as well
| as domestic commerce, and to carry on
| the aforesaid business in the United States.
| its territories and possessions and in for
| eign countries.
To conduct and carry on such other
bus as may be found necessary Of
convenient for properly effectuating the
aforesaid purposes or enhancing the value
of the properties, rights and privileges OF
| the corporation.
ARTICLE IV.-The capital stock Of this
10 of hQ SIR Of
thirty thousand (S30,O00.00) dollars, and
| shall be divided into and represented by
three hundred (300) shares of the par
| value of one hundred S1O0.O0) dollars
| each.
Said stock shall be paid for in cash or
it's equivalent, as provided by law, and
| in such manner and at such times ana
| in such installments as may be prescribed
| by the Board of Directors.
\ This corporation shall become going
| concern and shall be authorized to COM
mence business when thirty thousand
$3.50 900 00) dollars of its capital STOCK
| shall have been subscribed and paid for
ARTICLE V.-The capital stock OF this
CORPORATION may be increased to the sum
of two hundred and fifty thousand Gov,
| 900 OO) dollars, by a two-thirds vote or all
| the stock present or represented at spe.
cial meeting called for that purpose. or at
| a regular annual meeting Of the corpora
| ton.
ARTICLE vI.-All certificates of stock
issued by the company shall be signed by
the President and countersigned by the
| Vice President; or IL authorized by reso-
luton of the Board Of Directors. shall be
signed by the President or Vice-President
| and counter-signed by the Secretary or
Treasurer.
The stock Of this corporation can be
| transferred only on the books of the cor
poration and subject to such regulations
and formalities as may be by the Board
of Directors from time to time prescribed.
No stakeholder shall be permitted to sell
or otherwise dispose Of his stock without
| first offering the same in writing to the
other stockholders, through the Board Of
Directors, at a price not exceeding the
book value thereof at the time of the last
inventory, and the stockholders shall have
an option and first right to purchase all
the shares Of stock to be thus disposed Of
by sale or resignation or otherwise. OF
any of the stockholders Of the corporation,
and shall have a period Of ten days in
which to accept or decline such offer OF
stock. Should the Board Of Directors or
the stockholders decline to purchase said
stock, then the stakeholder or stockholders
who made the offer to sell or otherwise
dispose of the stock, may sell or otherwise
dispose Of it In any manner and at any
price that he or they may see fit. But
each share of stock is issued under the
condition and understanding that no