The herald. [volume] (New Orleans, La.) 1905-1953, 1921-08-25
ChAkTEh.

| and undersigned, personally came and APP
peared, the persons whose names are here
| unto subscribed who seyerally declared
that, ayailing themselves of the provisions
OF the laws of the State OF Louisiana rela.
| tive TO the organization o. corporations,
\ they have coyenanted and agreed to bind
themselves, as well such other persons
| who may hereafter become associated with
them, or their SUCCESSORS to form and
constitute corporation and body polite
| IN law, tor the objects and purposes, and
unoer the agreements and stlpulations fol-
lowing, to-Nlt:
OF TINS corporation shall be THE HILL
COTTON LUMBER COMPANY, INCOK-
PORAIED. and under that corporate name
II shall have and enjoy all the rights and
privileges granted by law to corporation;
IL snall exist Tor period of ninety nine
years from and after the date hereof
ARTICLE 1.-THE domicile of said cor
poratlon shall be in the City Of New Or
leans, Parish Of Orleans, state of Lou
lsiana, and all citations and other legal
process shall be served upon the President
oil the said corporation, and, in case of his
absence, upon the Vice President, and in
the case OF the absence Of both of these
o'.,,is, upon the Secretary thereof.
ARTICLE III-The objects and purposes
Tor which this corporation is organized
are declared to be, for the purpose of
buying and selling lumber, sand, gravel,
cement, lime, paints, varnishes, brushes
ana building material generally, to lease
and hire, purchase and convey, mortgage
ana hypothecate all real estate, necessary
Tor the conducting and carrying on Of said
business, and generally to do every act
anu thlng necessary to carry out the OBJ
Jects ana purposes for which this corpora
tion organized.
ARTICLE Iv-The capital stock of this
corporation is hereby fixed at the sum of
len Thousand Dollars ($1O,OOO), divided
INTO one hundred shares of the par yalue
OF One Hundred Dollars ($1OO) each: each
snare 10 De paid for in such manner as
the board OF Directors may determine
The amount of the capital stock of this
corporation may be increased to Fifty
Thousand Dollars $50 OO0) Dollars. and
tne SAID corporation shall be authorized
concern when fifty per cent of its csnita1
STOCK snail have been subscribed and fifty
per cent of all stock subscribed shall have
been paid in.
All sales and other transfers of any of
uhe STOCK Oh TINS corporation shall be void
unless SAID stock shall have been previously
offered to the then existing Stockholders
through the Board Of Directors, at a sim
ulated price, and If the Board for the said
stoekhoiders does not see fit to purchase
saiu STOCK, then 1t shall not be sold at a
less price, or upon more favorable terms
without likewise Offering it to the BOARD
AZ SUI II price and upon said terms. In case
OF OF saie or transfer of stock, or the issue
OF the increased capital stock, the then
holders of stock of the COMPANY shall bava
the right to purchase said stock in the
rauo Oh their holdings of stock of the com
pahy' NO sale or transfer of stock shall
ne doinulng upon the corporation unless
made upon its books, and said transfer
shaIi be made only upon surrender or
PROOF OF loss or destruction of the ont.
standing certificates.
ARTICLE V-All the corporata now.,s
ana authority Of this corporation shall hs |
rectous anu exercised by Board of Di- |
lect0rs composed Of not less than three
sloGkholders, to be elected annually NV a
oaIot at general meeting of the stock
hoIuers on the second Monday In Septem-
uea, vi eacn year. No failure to elect Di- |
rectors shall be regarded as a forfeiture ., |
this Charter. Any vacancy occnrr;ne a.
anu on said Board shall be filed nv tha
remaining Directors for the nnexn,raS
YER Term. said Board Of Directors shall at
from smo meeIng after its election elect |
V;oa nanong It's number a President
resident, Secretary and Treasurer
AhIiCLE VINO stakeholder shall ever
De neio naDle or responsible for the con-
tracts, faults Or debts of said cornorat;nn
a. any Iurther sum than the unpaid balance
que TO the corporation on the sbaras 90
stock owned by him, nor shall .nv maua
lssiormanty in organization have the efyect
vi rendering this Charter null or of g.
po1 stockholder to any liability he
'ona the amount Of his stock.
iCitE , VII-The following named
snaIl constitute the first Board of
Drectors to serve until the second Moo,
Jay In September, 1922, or until their s,'n
se shall have been elected and onaIi-
ped, to-wit: Lincoln J. Cotton. Presiaent
mn or q. Hill. Vice President; Robert +,
hlrd. Secretary and Treasurer. H.
tne persons whose names are hereunda,
suDscubed, are hereby declared to be the
OF this corporation. and have
,espectyely written opposite their namas
anJ aad S the amount Of stock sub.
ict OF Incorporation may also serva 'ns
ne original subscription list to the can,taI
,1 mus done and passed. in my Not.risI
, ala IN the CITY Of New Orleans, afore.
aa' ia the presence Of Arthur j. RYAN
no william +. Conkerton, Competent y;t
81 on awful age and residing in thi..
10y, who hereunto subscribe their nsme.
'setner with the said sppsarers ana ne II