The herald. [volume] (New Orleans, La.) 1905-1953, 1921-03-24
CHARTER.

ha
hereinafter named and undersionaI,n esses
sonally came and appeared t6s Per.
hereinafter subscribing who decIa psfsons
availing themselves of the laya that
State of Louisiana, on the subisct y, The
p0rations, they have constituted coz
selves, their successors and assign Then.
poratiOn under the stipulatiOns basa Co..
set out, which they here preSenti, ioaftec
as their charter, tO-wit; adopt
Article 1.-The name OF th;s
ton shall be Dixie Lumber & BOY ~ ofpors.
and its period Of duration shall he Inc,
nine years from and after tha ainsty.
hereof, and II shall have for the pn,, oate
the powers conferred by law nnah all
porations, and shall exercise genaron cor
the powers necessary to carry on "a. al
business. w said
ARTICLE 1.-THE domicile n, a.
poration shall be in the CITY NJ N ns cor.
leans, State Of Louisiana, and all ",s VI
and other legal process shall La aIlon
upon the President and, in his served
OF lhaDIiIty 10 act, upon any Other y,
ticer of the corporation es o.
ARTICLE III.-The objects and nr
Tor which this corporation is oresp;stess
and the nature of the business m hani1ed
ried on by 1t are here declared to eaf-
purchase and sale of lumber, dressed me
undressed; the purchase of Inmbe and
dressed, and the dressing OF ssms =. IN
mill owned or leased by this comr. me
the purchase Of lumber and the msnnsly'
ture OF the same into boxes OF shannaIae.
all and every kind, the purchase ana VI
or boxes and shocks, and generalIv sac
each and every act necessary TO mai 10
fectlve the above described businessss ",
10 90 every KIND OF business incidental -, ~
the businesses above specified or rsIa.e
thereto or connected Herewith. a'e0
II
tai stock of this corporation ia bsrahns apt-
clared to be five thousand dollars 5Si n os-
which shall consist OF fifty (5O1 shsrssol
the par value Of one hundred do,,.W
(SlOO) a share; fifty per cent of ths LAS
! shall be subscribed for before thai same same
ol tnese articles OF incorporation and 6ftss
per cent OF said subscriptions (twentvlsv
per ceht OF the capitaD shall be naid ~
before this corporation shall ENGAGE vi
business, which may be, however. In c.sL
or property, All stock subscribed ea sAa
snail De paid for in cash or in prCpert,
actually received by the corporation .,
labor actually done for the corpora,, u, u
The amount to which the canital .,..,
or this corporation may be increassS 1.
SIS. 900. eased Is
NO transfer of the stock of th;s 49,.
poratlon shall be binding on this cornass
ton unless made on the books OF ths o..
poratlon, and no sale or other disposit;o.
.net eOl shdi De 'allu unless the stock "a
nrst offered to the remaining stockholda.s
OF this company for ten DAYS ar a n,,as
not 10 exceed the book value thereof az
the date Of the said offer. after which ~ ~
the said offer is not accepted. the s,.nl
may De sold by the owner thereof al will
an stock acquired In this corporation shall
De SUBJECT TO the provisions of this ehartsr
ARTICLE YAH the powers Of this cor,
poratioh shaII be vested in and the bust
transacted by a Board of Directors 10 ~
composed OF three ~, two of whom shall
constitute quorum. The Board Of nj
rectors shall be elected annually on -
nrst Tuesday in January.
The first Board of Directors namad a,
TINS charter shall serve until the nert
annual meeting of the stockholders n,
until their successors are elected az
qualified. aaa
Inc hrst Board Of Directors shall eop.
slst of the following: Francis Towns,
New orleans. La; William g. Day. New
orleans, La; L. j. hampton, New Or.
leans. La; Mrs. VIM. G. Day' New S,r,...s
La, and of the above named Directors ,hs
following shall be the officers: Francis
Towner, president; William q. GRAY yies'
president; l.. j. hampton, sec-treas An
OF whom shall hold Office until their sur.
cessors are elected and qualified.
Each subsequent Board Of Directors shah
49,. t.on ITO NUMBER, as soon as possible
AFTER It's own election, a president a v;es.
president and a secretary treasurer. ana
may appoint such agents or EMPLOYEES AZ
tney may deem proper for the business al
this corporation.
All elections shall be by ballot at ths
once or the corporation, under the saper.
vision of two commissioners m he an
pointed by the Board. which said commh.
sloners need not be stockholders. Notie,
OF sucn meeting or any other meeting al
the stockholders, or Board of Direc2ors
unless waived by unanimous consent, shali
as Se gwen Dy the secretary, at least fifteen
Gays prior to the date OF the mestine
IN writing. either in person or by mailing
sara notice to the last known address n
sald tockholders. At all meetings Of the
stocknoiders, every stakeholder shall BE-
entitied to one vote for each and ever
snare or stock in his name on the books
or the corporation on the date OF the u,set.
ing said votes may be cast In person Or
Dy proxy, which proxy must be IN writ.
ing. and majority OF votes SO cast shan
elect or determine.
a, Inc failure to hold elections to elect
sne said directors shall not affect or dis
solve the corporation nor impair its man.
agement in any respect but the director
tnen In Office shall hold office until their
successors are elected and qualified
| All vacancies on the Board, no matter
Tor what cause, shall be filed for the re-
mainder Of the term of the said Board,
oy the remaining directors. Any membe
Ing to represent him at the meetings Il
the Board, who need not be a stockholder
| ARTICLE vI-This act of incorpors-
ton may be modified, changed, altered Or
amended, or the said corporation may BE-
dissolved with the assent Of two-thirds d
the capital stock outstanding, at meet
ing OF the stockholders called for that
purpose, after fifteen days notice, In writ.
Ing, delivered either in person or mad
to the last known address Of said steck.
noiders nfteen days prior to the date o.
| the meeting. All notices may be waived
Dy unanimous consent. In case Of disc.
luton, the affairs Of the corporation shsn
| De Hquldated by two commissioners TO Do
| CHOSEN by the stockholders.
ARTICLE Vino s,ockholder shall
ever be held liable for the faults or cor
tracts or this corporation In any furfnd
sum than the unpaid balance due the cor
poration on the shares Of stock owned m
the said stockholder; nor shall any mere
informality In its organization have ne
effect OF rendering this charter null Of q
exposing the stockholders to any liability
beyond the amount due on his stock SUB
| scription.
ARTICLE vIII.-The subscription
Mrs. William G.. Day for thirteen shafa
to this charter for the sum Of thirfea
hundred dollars (s13OO) is covered BY :ss
transfer to this corporation by said puu
OF the merchandise described on the stale.
ment hereto attached and marked "a ~
same t0talling the full sum of $l449.8 ne
balance Of $149.66 over and above the sac
sum OF 1890 to be credited to Mrs. We.
u. Day on the books of the corporanop;
the said statement showing the value
the said merchandise. which said star
ment is sworn to by the directors Of tr
| said corporation, and which said Statement
Is TO be read in connection with the sna
charter the same as IL written therein =