The herald. [volume] (New Orleans, La.) 1905-1953, 1921-09-01
CHARTER.

themselves. as well as Sucn other persons
who may hereafter become associated with
them, or their successors, to form and
constitute a corporation and body polite
in law, for the objects and purposes, and
under the agreements and SupuIduouS IUl-
lowing, to-Wlt:
ARTICLE The name. style ami THE
of this corporation shall be TIE hlLl--
COTTON LUMBER COMPANlr INCUR
pORATED, AMI under that corporate name
il shall have and enjoy al the rights ana
privileges granted ~ law 10 corporation
II shall eAIst Tor period OF nlhel! -LIA'
years from and after the date hereof.
ARTICLE 1.-The dOmi,ile OF said cor
poratiou shall be IL the City Of New or
leans, Parish OF Orleans, State OF Lou
isIau,. and all citations and other IcSai
process shall. be served upon the President
OF the said corporation, and, III case VI has
absence. upon the Vice President, and, IN
the case OF the absence Of both Of these
cas- upon the Secretary thereof.
ARTlCLsIU- The objects and purposes
for which this corporation Is organized,
are declared TO be, Tor the purpose OF
buying and selling lumber, sand. gravel
cement, lime, paints, NarnlNAcs, brushes
and building mdterId. generally, To tease
ana hire, purchase and convey, mortgage
and hypothecate all real estate. necessary
for TIA" conducting and carrying on OF S"!u
business. and generally 10 do every ACT
and thing necessary TO carry out the oh
JcctS and purposes for which this corpora
tIOu organized.
ARTICLE IV-The capital stock Of this
corporation is hereby fixed at the sum OF
| Ten thousand Dollars (SlOUU), divided
/ into one hundred shares Of the par NalLt
of one Hundred Dollars (SlOOj each, ea'h
>har" To bc paid for in such manner as
the Board Of Directors may determine
! The amount Of the capital stock OF TINS
I corporation may be increased to Eutl
Q al Dollars.
1 the said corporation shall be authorized
to begin business and shall be gOlns
/ concern when nifty per cent Of its capital
stock shall have been subscribed and htty
per cent OF al. stock subscribed snail nave
| been paid in.
All sales and other transfers Of any OF
/ the stock of this corporation shall bc void
unless said stock shall have been previously
/ offered TO the then existing stockholders
/ through the Board of Directors, at a sup
ulatrd price, and if the Board, Tor the said
/ stockholders does not see mt to purChas'
| said stock, then il shall not be sold at
} less price, or upon more favorable terms
/ ,puuut likewise Offering II TO the Boar,
rrIce and upon said terms. In cast
OF sale or transfer OF stock, or the IsSu'
/ of the increased capital stock, the theI
| holders of stock of the company shall nave
/ the right to purchase said stock III tn
I ratio of their holdings of stock OF the com
. pauy No sale or transfer of stock snail
/ h. binding upon the corporation unless
made upon its books, and said transte
/ shalt be made only upon surrender o
/ proof of loss or destruction of the out
/ standing Certlhcates.
ARTICLE V-All the corporate power
! and authority of this corporation shall b,
! vested and exercised by a Board of hi
| rectOrS composed of not less than thre
! stockholders, to be elected annually by
ballot at Il general meeting of the stock
holders on the second Monday in Septem
/ No faiI 1p 70
rectOrs shall be regarded as a forfeiture o
this Charter. Any vacancy occurring II
/ and on said Board shall be hlled by IN
| remaining Directors for the uneNpire
term. Said Board of Directors shall a
| the first meeting after its election elec
/ from among its number a President.
! Vice President, a Secretary and treasurer
ARTICLE VINO stakeholder shall eve
be held liable or responsible Tor the con
| tracts faults or debts of said cOrporauO
in any further sum than the unpaid baIahc
due to the corporation on the shares O
stock owned by him, nor shall any mer
nfOrmaity in organization have the enec
of rendering this Charter null, or OF ex
posing a stakeholder to any liability be
yOnd the amount of his stock.
| ARTICLE VII-The following name
persons shall constitute the hrst Board O
| Directors to serve until the second MOI
day in September, 1922, or until their sue
cessOrs shall have been elected and quail
fed tO-wit: Lincoln J. Cotton, President
Eleanor G. Hill. ice-President; Robert
Hill. Secretary and Treasurer.
The persons whose names are hereunde
| subscribed, are hereby declared to be tn
incorporators of this corporation, and hay
respectively written opposite their name
and addresses the amount of stock sui
} scribed for by each Of them, so that III
act of incorporation may also serve {
the original subscription list to the capiti
stock of this corporation.
Thus done and passed, in my Notari;
Office in the City Of New Orleans, afor
| said in the presence Of Arthur j. Rya
and William +. Conkerton, competent wi
nesses of lawful age and residing In tn
city. who hereunto subscribe their name
together with the said appearers and m
notary, on the day and date above writte
after due reading of the whole.
L. ]. Cotton, % shares. rs South Cort'
St, New Orleans, La; Eleanor q. Hlll,
share 1925 Ferret St. New Orleans, La
II. S. Hill, % shares, 59z5 Ferret St., Ne
, Orleans, La.
Witnesses Vim. F. ConkertOn. Arthur
J. Il. ROSSER, JR.,
| Notary Public
, /. the undersigned, Recorder of Nor
cages, in and for the Parish of Orlean
State of Louisiana, do hereby certify III
the above and foregoing Act of lncorpor
ton of the Hin-COtton Lumber Compan
Incorporated was this day duly record'
2 in my office, in Book 1853. folio 755.
New Orleans, July II, 1921
ROBERT SCOTT, by. r..
July 2S-Sept. l.