The herald., 1920-03-18
CHARTER OF THE HARDWOOD IN
PORT 60. INC

CHARTER OF THE HARDWOOD EN-
FORT co. INC.
United states of America state of
Louisiana, Parish Of Orleans, City of New
Orleans.
BE it known that on this LIST day of the
month OF March, in the year Of our Lord
On" thousand Nine Hundred and Twenty
ana Of the Independence OF the United
States of America the One Hundred and
Forty Fourth: Before me, Alfred Charles
Hammer. 4 Notary Public. in and for the
Parish of Orleans. state of Louisiana
aforesaid. therein residing. duly commits
stoned. sworn and qualified. aud in the
presence Of the witnesses hereinafter
named and undersigned, personally came
and appeared Hendrix Jansen, Christie
phcr J. Hay and Harold Il. Carter. all of
the fun AZ" of majority and residents of
tn" City of New Orleans. State of Louis
lana. who 10 me Seyerally declared that
IYailiHg themselves of the laws of the
State of Louisiana in such eases made
and provided. and particularly of the pro
visions of Act No. pa OF the Acts of the
General Assembly of the State of Louis
lana Tor the year 1914. as amended, they
have cONcnantcd and agreed and do by
heSc presents covenant and agree and bind
themselves. as well a. all such persons as
may hereafter join or become associated
with them. To constitute and form a cor
pOratiOn and body polite in law. for the
objects and purposes and under the arti-
clcS and StipulatiOns hereinafter set forth
anu tNIlTfS>fh, Which, lutN HfEtDN duOpl
a. the Charter of this corporation, tO-wit:
ARTICLE 1.-The name and style of this
corporation shall be The Hardwood EN-
port Go. Inc" and under its said cor
pOrate name II shall hav" 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 10 contract. sue
ANA he sued, TO make and use Il corpor-
ate seal. and the same to alter and break
at pleasure: to hold. receive. lease pur-
chase ami convey, as well as mortgage
ana hypOthccatc. property, real personal
and mixed. corporal and incorporeal: to
| maine and appoint such managers, agents,
directors ands officers as its business, in
! trrcSt and convenience may require. and
! to make ana establish well as alter
anC amend from time to time. such by
| laws. Jules and regulations for tina 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 he 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 of
! both of said officers, upon the secretary
! thereof.
ARTICLE III The objects and pur-
| poses for which this corporation is organ
/ iZea and the nature of the business to be
! carried on by il are hereby declared to
/ ne lHt lhE anu StlunE VI All Minus VI
lumber. timber and logs, both for dOmes-
| tic ana foreign consumption; to carry on
| the business of an exporter of lumber and
/ for this purpose TO own and charter YES
/ sells. and TO do steamship business; and
generally to do and transact all such bus
| mess May lie 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 (S15OOOOOl, di-
vided into and represented by one hun
4 dred and fifty shares of stock OF the par
/ value of one hundred dollars (SlOO.OO)
| each. Said stock shall be paid for in
| cash, ut such time ill such amounts and
after such notice to the subscribers as
may be fixed by the board of directors,
or the same may be issued ut 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,OO0.O0) 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 $50.
| OON OO). No stakeholder shall have the
| ri to sell or otherwise dispose of any
| stock of this corporation without first Of
/ fering the same ia writing to the mem
/ berS of the board of directors of this cor
poration, then in office, through its presi-
| dent, which members shall have ten QO)
! 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, ut it's book value, irrespective of
the price that may have been offered for
| said stock by anyone. Should said mem
! hers fail TO avail themselves of said privi-
| lege within said period of time then the
| said stock may be offered and sold to any
| other person or persons. If more than one
member of the board avail themselves of
/ the right to purchase the stock, as here
inaboyc provided, then the stock so pur
I..la hall h.. Iix-iH ar1tnn haa am
| berS so availing themselves of said right
| in the proportions in which they severally
| own stock in the corporation.
ARTICLE VAN the corporate powers
of said corporation shall be vested in and
| exercised by board of directors, com
| posed of three stockholders, two of whom
/ shall constitute quorum. SAID directors
shall be elected annually on the second
! Tuesday in March in each year, except
the first hoard appointed in this Charter,
who shall hold their offices until the Sec
ond Tuesday in March, 1921. All such
elections shall be held by ballot and con-
Quoted at the office of the said corpora
ton. under the supervision of three COM
missioners to be appointed by the board
of directors. Notice Of such election shall
be given by the secretary of the com
pany by written notice thereof delivered
personally or by depositing same in the
post office, properly addressed, to each
stakeholder at least fifteen I'D days pre-
ceding such elections. At all such cleo
1
stakeholder shall be entitled to one vote
| for each share of stock standing in his
name on the books of the corporation to
be cast in person or by his written proxy.
and a majority of the votes cast shall
elect. Any vacancy occurring among the
| directors by death, resignation or other
wise shall be filled by election for the re-
mainder of the term by the remaining di-
rectOrs. 4 failure to elect directors on the
! date above specified shall not dissolve the
corporation nor impair its corporate man
agement, but the directors then in office
| shall remain in office until their success
sors are elected and qualified. The board
| of directors shall elect from their own
number n president and a vice-president.
| They shall also elect secretary and a
! treasurer, or one person who shall be
both. either of whom may or may not be
members of the board. They shall have
power and authority to appoint a general
manager to conduct the business of the
corporation, under such authority as may
be granted by the board of directors from
time 20 time, and they may, from time
TO time, name and appoint all such other
Officers agents or other employees as
may be deemed necessary for the purpose
and business of the corporation. They
| shall have power to fix the compensation
| and define the duties of every officer and
| employee, and all officers and employees
shall hold office and employment at the
| pleasure of the board. The board may
| make and establish as well as alter and
amend any and all bylaws, rules and
| regulations necessary and proper in its
judgment for the conduct, support and
/ management OF the business and affairs OF