The herald. [volume] (New Orleans, La.) 1905-1953, 1920-03-11
CHARTER OF THE HARDWOOD EN-.
PORT co. INC.

PORT co. INC.
United states of America, State Of .
Louisiana, Parish of Orleans, City OF New |
Orleans.
he il known that on this lst day Of tho |
month OF March. i'll tn" year of our Lord
ON" Thousand Min" Hundred and Twenty. /
ana Of the Independence of the United .
States of America the one Hundred and !
Forty Fourth: Before mo, Alfred Charles |
Hammer. Notary Public, in and for tn" |
Parish Of Orleans, state of Louisiana. /
aforesaid therein residing. duly c0mmlN- |
stoned. sworn and qualified. and i'll the
presence of the witnesses hereinafter
named and undersigned, personally came
and appeared Hendrix Jansen. Christie
pher J. Hay and Harold Il. Carter. all OF
the fun age of majority and residents OF
the city OF New orleans. State of Louis
lana. who to me Severally declared that,
lvailn- themselves of the laws Of the
State Of Louisiana in such cases mad"
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 cOyenantcd and agreed and do by
hcSP presents covenant aud agree ana blhd
themselves. as well as all such persons as
may hereafter join or beCOm" associated
with them to constitute and form a cor
poration and body polite in law, for the
oh jeCtS and purposes ana under the ari-
clcS and StipulatiOnS hereinafter set forth
and expressed. which they hereby adopt
as the Charter of this corporation, tO-Wlt:
ARTICLE 1.-The name and style of this
corporotion shall be "TE" Hardwood En-
mort co. Inc" and under its said cor
porate name il shall have and enjoy cor
pOrate existence and succession for tn"
full term and period of ninety-nln" years
from and after the date hereof; IL shall
have power and authority to contract. sue
AMI be sued to make and use Il cOrpOr-
ate seal. and the same to alter and break
ut pleasure: to hold, receive, lease, pur-
chase and convey, as well aS mortgage
/ Ian nv Y.
! and mixed, cOrpOreal and inCOrpOreal; to
name and appoint such managers, agents,
| directors and officers as its business, in
/ tercSt and convenience may require, ana
/ to make and establish, as well as alter
| ana amend from time to time. such by
| laws. rules and regulations for the 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 be- in the City of New Or
| leans State of Louisiana, and all clta-
| tons or other legal process shall be served
upCn the president of said corporation or.
in the event of his absence, upon the vice,
president thereof and, in the absence or
both of said officers, upon the secretary
thereof.
ARTICLE II-The objects and pur-
poses for which this corporation is organ
izeu and the nature of the business TO be
carried on by il are hereby declared 10
be the buying and selling OF all KINDS Oh
lumber timber and logs, both for domeS-
tic and foreign COnSulnptlOnr W 'dIIS vi
the business of an exporter OF lumber ahc
for this purpose to own and charter yes
sells, and to do a steamship business ana
generally to do and transact all such Dus-
mess as 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 (SlJOOOW), d.
yided into and represented by one nun
a and tftV shares of STOCK oil the par
value of one hundred dollars (SlOO.OO)
each. Said stock shall be paid for In
cash, at such time. in such amounts ana
after such notice to the subscribers as
may be fixed by the board of directors,
or the same may be issued at not less
than par for labor done or properly act
ually received by the corporation. rms
corporation shall become Il going concern
and be authorized to do business when
Eight Thousand Dollars (Ss,OOOOO) OF It's
capital stock shall have been subscribed
and paid for. The amount 10 WhicI , the
| capital stock may be increased shall De
the sum of Fifty Thousand Dollars EJO''
OOOOOl No stakeholder shall have the
right to sell or otherwise dispose OF any
stock of this corporation without hrst OF
fering the same in writing to the mem
beers of the board of directors of this cor
pOration. then in office through ITS presl'
dent which members shall have ten llO)
, DAYS within which to accept or re1uSt
+ the offer and shall have the right to pur,
chase such stock so offered or any part
: thereof at its book value, irrespective OF
, the price that may have been offered loi
, said stock by anyone. Should Sald mem
! hers fail to avail themselves of said prlSi
lege within said period of time, then th'
, said stock may be offered and sofa 10 any
: other person or persons. III more thah oh'
, member of the board avail themselves o.
: the right to purchase the stock, as here
I inabOve provided. then the stock so pur
? chased shall be divided among the mem
5 bers so awaiting themselves OF SAID rlgh
i'm the proportions in which they seNeral!
| own stock in the corporation.
r | ARTICLE V.-All the corporate power
: | of said corporation shall be vested in AM
a exercised by "A board OF directors com
| posed of three stockholders, two of whom
. shall constitute u quorum. SAID director
i | shall be elected annually on the secon'
S Tuesday in March in each year, eNcep
: the first board appointed in this Charter
n who SHAH hold their offices until the sec
n ond Tuesday in March, 1921. All sue
a elections shall be held by ballot and con
K Quoted ut the office of the said corpora
IA ton, under the supervision of three com
o missioners to be appointed by the boar
Q of directors. Notice of such election sha
q be given by the secretary OF the com
pany by written notice thereof dellVere
:. personally or by depositing same IN IN
!, post Office properly addressed, to eac
. stakeholder AT least fifteen (l1) Gays pre-
:, ceding such elections. At all such cleo
>. tons and at all corporate meetings ever
n stakeholder shall be entitled 10 one NO!
u for each share of stock standing in hi
name on the books of the corporation, |
- be cast in IerSOn or by his written proN!
!. and a majority of the votes cast Sha
:, elect ANY vacancy occurring among IN
-, directors by death, resignation or othel
- wise shall be filled by election for the r.
~ mainder of the term by the remaining q
n rectorS. A failure to elect directors on On
~ date above specified shall not dissolve IN
n corporation nor impair its corporate mar
- agpment, but the directors then IN ofhC
. shall remain in office until their success
IL sors are elected and qualified. The boar
Or of directors shall elect from their ow
"a number a president and vice-presiden
he They shall also elect secretary and
l. treasurer, or one person who shall
a. both, either of whom may or may not |
r members of the board. They shall haN
y power and authority to appoint generi
\ manager to conduct the business OF u
u corporation. under such authority as ma
IN be granted by the board of directors fro
time 20 time, and they may, from tin
Ill to time, name and appoint all such oth'
$ officers, agents or other employees
F. may be deemed necessary for the purpO
l.; and business of the corporation. The
l.. shall have power to fix the compensate
nd and define the duties of every officer an
nd employee, and all officers and employee
s. shall hold office and employment at q
be pleasure of the board. The board ms
RS make and establish. as well as alter al
r. amend. any and all bylaws, rules al
e.: regulations necessary and proper in
rs, judgment for the conduct, support al
MP management Of the business and affairs
n said corporation. At all meetings of q
)r- boar directors each director shall ha