The herald., 1920-01-29

Orleans.
Witnesses:
Morris b. Redmann,
Paul 4. Chaser.
HERMAN L. BARNETT.
Notary Public.
A true copy.
HERMAN l.. BARNETT.
Notary Public.
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, notary public duly COM
missioned and qualified, in and for the
Parish OF Orleans, State of Louisiana,
therein residing, and in the presence of
the witnesses hereinafter named and un-
dersigned, 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,
laws of the State Of louisiana in sncS
cases made and provided and more mar
ticuiarly of Act 267 of the General As
sem6iy OF the State OF Louisiana OF 1914.
fsS " tue creation, organization and
formation OF corporations, they have con-
Venanted and agreed, and by these pres
ehts 90 covenant and agree and hind
themselves, as well as all such other per-
s s...a as may hereafter become associated
with them, to form a Corporation FOR the
oplects and purposes and under the ar
ticies 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
| hon
thortty to have and to enjoy corporate
existence for a period of ninety-nine years
! from date hereof, unless sooner dissolved
by liquidation or otherwise; 1t shall have
power 70 contract to sue and to be sued,
10 make and use corporate seal and TO
| after and break same at pleasure; to hold
receive, lease, purchase, transfer, assign
convey, mortgage, hypothecate pledge, or
otherwise receive or dispose of property,
rear, personal and mixed, corporal and
incorporeali to issue bonds and If desired
| TO secure the same by mortgage: to buv
ana hold stock in other companies in.
cident TO the objects and purposes or to
| the expansion Of the business Interests n,
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 anu amend It's bylaws, rules and regula-
| LIONS Tor It's proper government, as NAV
De deemed necessary and proper, and gen.
eraIy 10 do any and all things inciden,
20 or necessary and proper for the ex.
tension OF the business In which the cor
ARTICLE II.-Thi( corporation shall be
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
In the event Of his absence upon a Vice.
| President
ARTICLE III.-The objects and pur.
poses for which this corporation is or.
ganised and created, and the nature OF
lne 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
the aforesaid Business in the United States
its territories and possessions and In fer
| eign countries.
| To conduct and carry on such other
/ business as may be found necessary oil
convenient for properly effectuating tht
| 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 o.
shall be divided into and represented By
three hundred (300) shares of the pal
value Of one hundred $10O.OO) dollars
| each.
said stock shall be paid for in cash OF
its equivalent. as provided py Jaw, an an
an such manner and at such times ano
| in such installments as may be prescribed
by the Board of Directors.
| This CORPORATION shall become a COINS
concern and shall be authorized to com,
| mence business when thirty thousand
Gao OOO.OO) dollars of its capital stocf
| shall have been subscribed and paid LOT
| ARTICLE V-The capital stock OF TINS
| CORPORATION may be increased TO the sun
of two hundred and fifty thousand lxSoo;
| 600 .OO) dollars, by a two-thirds vote OF al
the stock present or represented at spe
cial meeting called for that purpose. or a
A regular annual meeting Of the corpora
ton. 49,,
issued by the company shall be signed b,
| the President and countersigned by th'
| vice President; or II authorized by reso
luton of the Board of Directors, snail o.
signed by the President or Vice President
| and cOunter-siShco W INC
Treasurer.
The stock Of this corporation can b
transferred only on the books Of the cor
poration and subject to such reguiatonl
and formalities as may be by the soar,
of Directors from time to time prescribed
No stakeholder shall be permitted to sci
or otherwise dispose of his stock withou
first offering the same In writing 10 TN
other stockholders, through the Board o
Directors, at a price not exceeding tn
book value thereof at the time OF the las
inventory, and the stockholders shall hay
an option and first right 70 purchase a.
the shares of stock to be thus disposed o
by sale OF resignation or otherwise. Q
any of the stockholders Of the corporation
and shall have a period Of ten days II
stock. should the Board Of Directors o
the stockholders decline to purchase SAT
stock, then the stakeholder or stockholder
who made the offer to sell or otherwis
dispose of the stock, may sell or otherwis
dfsnosa NJ n In any manner and at an