The herald., 1920-07-08
CHARTER

inw contracts. The contract with tn"
Hammond HoN aud Veneer COMPANY. ltd
the contract with the Terry Manuiartur
ing Company. of Ferry. Mississippi. ia"
contract with IA" bwu>~o Manuialurin-
Company. of Erutuu. Arkansas. ia" con
tract with tn" EutvrprI~" Bon Company.
of JUd>OuiH. ARKANSAS. and VA" cont
with Is. e. farrell y Company. eft Hun.
boldt Tennessee. aud all other contracts
that may have been made by 'ur said l'H1
cut Marketing Company. including all ROY
altic~ that may become du" ON 1ll "i ~HI.
contracts. To- WaHufI,tur" and sell aud to
have manufactured aud sold. HI| forms Hu..
~tNIr~ of crates and boxes. folding. cot
Iap>Ihlr or otherwise. aud To erect "r
least, plants aud factories FOR ihat purpose.
10 construct and opvrat, or lease Railroad
ana water hines IA connection WIN >HlN
plants aud Factories and generally O." 81"
any and all things ur,r>~Hr! q" carry ont
IN" objects and PURPOSES Tor Nhth thi~
corporation ~ organized. IL considerable
of said John i Iahl~frum trHH~'"rrlu-
and assigning to This corporation lh" pat
cut and patent rights h"r'luHh"N' men
toned. aud IU securing the transfer ANA
assignment at the contracts also h'rrIu.
above mentioned. ia WhIrh contracts ilH
said John j. pahI~trom has the rputrullIu-
interest the said John j. laul~lr"m D.
to receive TIA" sum ct on" huudr'a Hu'
fIiIN thousand. on" hundred dollar. rep.
. rescued 10y fifteen hundred ana one
shares OF TIA" stock al this corporation at
the par value ot on" hundred dollars
each said sum OF on" hundred and tiitl
thousand. one hundred dollars hr.U- thu
amount ~ which said patent. patent rights.
. contracts aud royalties htr,luHhuIr ry
t"rrrd To- are hereby appraised AMI val
urd 10y the stockholders and Board of ~
rrrf"r> at thu corporation. And lu con
>id'rali"u of services rendered ami
rendered 10y Pierre '. blanchard and
Julian +. benjamin ia promuf.u- aud ul
gauiZIu- this corporation AMI ia ~"rur.
/ iu- subscribers to ia" capital stock tier"
10. the said Julian +. E,uiamin Shall r."
crivo TWO hundred and twenty shares au,
IN" said pi"rr" '. blanchard fill shares
of the capital stock of this corporation.
fun paid aud non :SSr>>ahl".
ARTICLE ". Th. capital stock of said
. corporation l. hereby fixed 81 the sum ui
tire" hundred thousand iS.ooououut dol
lar>. divided into three thousand >uar'~
. tie par value of one hundred dollars each
+ which stock shall h" paid for In cash "
/ property. ut such times and ia such
. amounts HN may Ice determined Uluu
the Board 81 Directors tn" corporation
shall i>~u" to the said hahl~trom fifteen
. hundred and one shares ut stock. To- the
said Julian /. benjamin two hundred aud
. twenty shares OF stock. and to thr .a
" Pierre '. blanchard fifty shares of stock.
all fun paid and unreasonable. and O.
said Dahl>trOm. benjamin and Blanc
do hereby subscribe Tor said shares 81
stock. th,. same to be-. pdti for 10y h,Iu- ....
crptrd in full payment of the patent. pat
eat rights. contracts. royalties and of The
services rendered and 10 10" rendered 1-
h"rrinahoNr set forth. othrr subscriptions
to said capital stock shall "a" paid ira
cash. AZ such times and in such awuuu' s.
as may h" determined by the BOARD of
Directors. No transfer OF stock shall ho
L.udIH- upon said corporation units made
upon tn" books OF TIA" corporation. and aii
certificates of stock shall hr signed toy
such officers a> may b" designated hy jr,
BOARD -! Directors Tho said corporation
. shall AT once become and Ice going con
corn auG Shall Immediately comm"u"" hu>
itr>>. Tn" said capital stock may be in
Creased from time 10 time &" any amount
not "NcccdiH" fiv" hundred Thousand dol
3 yidcd by law.
ARTICLE N.Nl the corporate powers
. OF said corporation shall br vested ia. aud
the management aud control Of il affairs
. shall t." rN"rcI>"d 10y - Board uI Dire .or~
composed OF mot les than fiNr nor NOR,
4 than seven Stockholders. Each Director
shall own at least one share of stock and
STALL toe elected annually. 10y thu >jorN
holders, 10y ballot. on the first Monduy
July. III" first election to hc held IA l'2l
Motto" shall b, given 10y mail. address .
To- each >tockholdrr. nj his last known
pEr" of residence ~ shown on IN" book,
nt IN" corporation. said notice Ia hc mafl"u
not more than three weeks nor less than
two weeks before such election. and al
elections shall he held under such rule,
aud regulations ~ may he fixed lay Ia
BOARD of Directors. In ease of any failure
{" hold an election a. above provided. Sucl
failure shall not forfeit this charter. hut
an election shall he held H. soon may
be practicable after notice a. above pro
Vided. Each BOARD of Directors. at il,
first meeting after each election. shall
elect from its number President an
Vice President. and shall also elect
Secretary aud a Treasurer, VIII" may h'
members of the board or not. ~ IN" hi
rcctors fit and both of said office
may hc held by one and the same person
a. Secretary and Treasurer. as may b- d"
lrrmiurd by the Board. Four of tn" lbi
rectOrS shall constitute Il quorum for IA,
? transaction of all business. and ANY ~
caury occurring on said Board ~h"ll W.
filled 10y the remaining Directors for IN
e l.n.HFI
reCtOFS. or such officer or man I@"r - I
may designate. shall appoint such officers
managers. clerks and other employees %
SAID corporation a. may u" necessary J."
it, business. ana shall dismiss the same.
and the tenure of office and employment
of all Officers. managers. clerks and On
ploy"r> shall h" during TIA" pleasure a.
said Board The said Board shall haV
: the right and power 10 buy. sell. imprOv,
contract. lease. borrow money. i>>u" bond
and execute mort cages, and in general 6
D rNCrriS" all the powers of the CORPORATE OI
. a. well as To- carry out its objects aud pun
4 poses. aud all without reference To q
1 authorization 10y the stockholders. FroI
+. time to time. said Board shall adopt rule,
I" regulations and bylaws for the mHuag.
p mcnt and control of the business aud al
fairs Of said corporation. and. in rs dis
. erection. shall cancel. change and modii
ARTICLE Who subscriber rercro q
,. stakeholder Of the corporation shall eve
bp held liable or responsible for IA" cor
:. nor shall any mere infOTmalIty in it, al
I ! gHniZation have the effect of r"nderin
o. this charter null. or of exposing an
b. subscriber or stakeholder to any liabilit
n beyond the unpaid balance. if any. due q
the shares subscribed for or owned b
him.
ARTICLE NII.-Thi> act of incorpori
z ton may be changed. modified. or alterr'
- or said corporation may he dissolved. Wit
70. the assent of the holders of O-third>
II the stock of the corporation. whose owl
: crS are present and represented AT geI
= cral meeting of the holders of stock. aft,
i at least Thirty days written notice of sue
meeting has been given through mail. n,
dressed to each stakeholder at his pla,
Of residence aS shown ON TIA" books
the. corporation. In east of diSSOluiio
= whether by the expiration of this chart'
J. or otherwise. the holders of stock Sha
elect three IiQuidatorS from among the
number. Ia liquidate and settle the bus
70 ness and affairs of said corporation.
r ease at death or disability 81 any of >H
/ nquidators. the survivors. or the r"mail
[" ing iquidatOrS. shall appoint - success,
J. 10 such liquidator. Said liquidatOI> ~
y hereby given full power. either 10y C"u
= or law proceedings or without snch pr,
u Crcdings. as they snail elect. To collie
all amounts due the corporation. sell
J. otherwise dispose of its hsSetS, pay i
V debts and liabilities. and COmproHi~" ~
" tie all disputed questions and matter
+ aud shall have and exercise all other Pow
II prS necessary and usual 10 fully and fina
@ ~ settle. wind up and liquidntr all q
/ business and affairs OF the COrpOratiu
d and distribute its net assets or fun'
g anon" its stockholders in accordance wit
81 their respective rights.
h ARTICLE NllI.-The names Of the fir
" BOARD of Directors and their uOStOffi