The herald. [volume] (New Orleans, La.) 1905-1953, 1920-01-22

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 /, Phi. OF
Orleans.
Witnesses:
Morris b. Redmann,
Paul K, Chasez.
HERMAN L. BARNETT.
Notary Public.
HERMAN L. BARNETT.
Dec. 25-Jan. 20.
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
nundred and forty-fourth, before me, Her
man l.. Barnett, notary public, duly COM
missioned and qualified, in and for the
Parish Of Orleans, State of Louisiana.
tnerein residing, and in the presence of
the witnesses hereinafter named and un-
dersiSned, 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 ayailing themselves of the
laws OF the State OF Louisiana in such
cases made and provided, and more mar
tIcuiarly or Act 267 of the General AS
sembly OF the State of Louisiana of 1914
freiatlng 10 the creation, organization and
Iormauon or corporations, they have con-
venanted and agreed, and by these nras.
ehts 90 covenant and agree and hind
themselves as well as all such other ner-
s nIns as may hereafter become associated
obia a .nean, 10 form corporation for the
opJects and purposes and under the ar
'icIes and stipulations 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 it shall have power and an
thorlty to have and to enjoy corporate
existence for period Of ninety nine wears
from date hereof, unless sooner dissolved
by liquidation or otherwise; it shall have
power 10 contract, to sue and to be sued
10 make ana use corporate seal and to
after and break same at pleasure; to hold
receive, lease, purchase, transfer assign
convey, mortgage, hypothecate, pledge or
olnerwlse receive or dispose of property
Ieai, personal and mixed, corporeal and
incorporeal; to issue bonds and IL desired
10 secure the same by mortgage: to buy
ana mold stock in other com panies in
cioent to the objects and purposes or to
the expansion Of the business interests Of
the corporation; to name, elect and an
point such managers, agents directors or
oHcers as its business interests NAV 70
quire, and to make and establish. alter
anu amend lts bylaws, rules and reguls-
tons for its proper government az ma,
De deemed necessary and proper. and pen,
eraiIy 10 do any and all things incident
or necessary and proper for the ex-
nnnst, oi the business in which the cor
poration Is engaged.
ARTICLE II.-This corporation shall be
domiciled in the City of New Orleans. In
the state or LOUISIANA; and all citation
or other legal process shall be served
| upon the President of the corporation and
IN the event of his absence upon a Vice
President
ARTICLE III.-The objects and mr.
poses for which this corporation is or
ganlsed and created, and the nature Of
the business to be carried on by IL 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
| as domestic commerce, and to carry on
| the aforesaid business in the United States,
| its territories and possessions and in for
eign countries.
| business 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
corporation is hereby fixed at the sum Of
thirty thousand $3.50, 000.O0) dollars, and
shall be divided into and represented by
three hundred 5000 shares of the par
value of one hundred ($10O.00) dollars
each.
Said stock shall be paid for in cash or
its equivalent as provided by law. ana
| in such manner and at such times anu
| in such installments as may De prescrloeu
by the Board of Directors.
This corporation shall become a going
concern and shall be authorized to com,
mence business when thirty thousano
$50 600 OO) dollars Of its capital STOCK
shall have been subscribed ana paaa t toi:
corporation may be increased to the sum
of two hundred and fifty thousand ($2oo,
600 OO) dollars, by a two-thirds vote OF All
the stock present or represented at spe
cial meeting called for that purpose, or at
a regular annual meeting Of the corpora
ARTICLE vI.-AI certificates of stock
issued by the company shall De signed Dy
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 unter-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 OF otherwise, or
| any of the stockholders Of the corporation,
| and shall have a period of ten days In
which to accept or decline such offer or
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 IL in any manner and at any
price that he or they may see MT. But
each share of stock is issued under the
/ condition and understanding that no
| stakeholder shall make a sale or transfer
of his stock in violation Of this provision
/ and such sale or transfer II made. shall be
/ vaid and this rOmpauy shall be under