The herald. [volume] (New Orleans, La.) 1905-1953, 1921-04-07
CHARTER

ho-o;, -'''s, "a '.' presence Of In eAd mi,
i Don,iI, ''r u''H,l and unders,w itSsss
hereinafter subscribing WI the ps,s&
awaiting themselves of tbo u,eclared ~
1 state OF Louisiana. on tba laws a.
/ porationS. they have cons,ilect Of -
/ selves, their successors and a.gted a.
poration under the stipuIationSsi gns AZ
set out. which they here ms hereIa,s.
a. their charter. to-wit: eAtly a.,
Article The name ., 49,,
ton shall D." Dixie Lumber & P Sos eO,p,,
ana It's period of duration shall %, b
nine years from and aft. oe Linz,
hereof, aud II shall have for ~ NE tr 8
or the business 10 ho carried Nr paipss,
the powers conferred by Iaw vn by t.
| poratious. and shall exercise o. upon q, +
thr powers necessary to carry alg d
| business. '! on az
ARTICLE 1.-THE domic;Io
poraiion shall be- in the Civ az NE er.
leans. state Of Louisiana. ana " New o.
and 0Jh"r legal process shah L. ast@ (
upon the President and. in hi send
Or OF maui "a az. 10 l''. upon any otSs,
ARTICLE III.-The objects ona
for which this corporation a. pufposs
and the nature of the business ~ "gshlI1
ried on by it are here declared " De ca.
purchase ana sale Of lumber. dreS.lSs u
IMPRESSED. tn1r purchase of lumbs, ~
dressed, and the dressing of ssra'G u.
mill owned or leased BY this ne.I ..
the purchase Of lumber and tho ,rooa.pss!;
ture of the same into boxes ~ sISalaia.
all and every kind. the purchase aD9S
of boxes and shocks. and penera, ana 81
each and every act necessary 10 r..I 70 d
tectlVe the above described busineSsss' e, z,
TO do every kind of business inciSsss, al
the businesses above specified or ,s14 .
thereto or connected therewith iesss
ARTICLE IV.-The amount n, ~
tai stock of this corporation il bs,as up'
clared to be five thousand dollars 1S q
which shall consist of fifty C5O) shSrss !,
the par value of one hundred An.
(SlOO) share nifty per cent of the s.s
shall be subscribed for before tbs sS ls
of these articles of incorporation ana I IVY
per cent Of said subscriptions (twsntvI ~
per cent of the CapitaD shall be naiS ~
before this corporation shall eness. y 4,
business, which may be. however. N -
or property. All stock subscrihss ' y
shall be paid for in cash or in nroe.. ~
actually Received by the corporation =.
labor actually done for the corporshoo q
The amount to which the capital a.,
of this corporation may be Increases
$4,000.
No transfer of the stock Of this f.,
pOratiOn shall be binding on this Coma. WI
ton unless made on the books Of the ~.
pOration, and no sale or other diSnos,sa.
thereof shall be valid unless the stool
first offered to the remaining stOckholds,,
of this company for ten DAYS at a M.
not to exceed the book value Thereof /,
the date of the said offer, after whrh \
the said offer is not accepted, the s,a'I
may be sold by the owner thereof al Vim
All stock acquired in this corporation sh,1
be subject TO the provisions Of this chart,
ARTICLE v.-All the powers Of this N,
pOratiOn shall be vested in and the buS
ness of this corporation managed AMI
transacted by a Board of Directors 10 n
composed of three 49,, two Of whom sh,B
constitute a quorum. The Board Of NJ
rectOrs shall be elected annually on d.
first Tuesday in January.
The first Board of Directors named h
this charter shall serve until the psr
annual meeting of the stockhOlders q
until their successors are elected an
qualified.
The first Board Of Directors shall co..
sist of the following: Francis TOvna
New Orleans, La; William q. Day, NE
Orleans. La; l.. J. hampton, New Or
La, and of the above named Directors tn
following shall be the officers: Franc,
TOwner. president; William G. Gray. yiS
president; l.. j. Hampton, sec-treaS Al
of whom shall hold Office until their soc
cessors are elected and qualified.
Each subsequent Board of Directors shall
elect from its number, as soon as possible
after its own election, a president, a vio
president and a secretary-treasurer and
may appoint such agents or employees u
they may deem proper for the business Il
this corporation.
All elections shall be by ballot at tie
Office of the corporation, under the super
vision of two commissioners to be Sp-
pointed by the Board, which said eOmmk.
siOners need not be stockholders. NOtis
of such meeting or any other meeting Il
the stockholders, or Board OF Directors
unless waived by unanimous consent, shall
be given by the secretary, at least fifteen
days prior to the date of the meeting,
in writing. either in person or by mailing
said notice TO the last known address Of
said stockholders. At all meetings Of the
stockholders, every stakeholder shall Be
entitled to one vote for each and ever
share of stock in his name on the books
of the corporation on the date of the meet.
ing. Said votes may be cast In person o.
by proxy, which proxy must be In wit.
ing. and a majority of votes so cast shall
elect or determine.
The failure to hold elections to elea
the said directors shall not affect or d!s.
solve the corporation nor impair its maj
agement in any respect; but the directors
then in office shall hold office until theF
successors are elected and qualified.
All vacancies on the Board, no msttf
for what cause, shall be filed for the n
mainder of the term of the said BOara
by the remaining directors. Any memod
of the Board may appoint proxy In WIZ
ing to represent him at the meetings
the Board. who need not be stockholde.
ARTICLE VI.-This act Of incorport'
ton may be modified, changed, altered =.
amended. or the said corporation ma!
dissolved with the assent OF two-thirus "
the capital stock outstanding, at a me-.
ing of the stockholders called Tor VA
purpose, after fifteen days. notice, IN W., WV
ing, delivered either in person or mal's
to the last known address Of said aeI. !,
holders fifteen days prior TO the aan y
the meeting. All notices may be wave
by unanimous consent. In case OF alS
luton, the affairs of the corporation III, !.
be liquidated by two commissioners
chosen by the stockholders.
ARTICLE Vino sbockholdef sa.'
ever be held liable for the faults q @s,
tracts of this corporation in any iui..
sum than the unpaid balance due tne ~ Y,
poration on the shares of stock owhea "
the said stakeholder; nor shall any ms \.
informality in its organization nave :.
effect of rendering this charter nun Sns =
exposing the stockholders to any hav IN
beyond the amount due on his stoeA w
scription.
ARTICLE VIII.-The subscription -, =
Mrs. William q. Day for thirteen s ,.,.s,
to this charter for the sum Oh UNA 4.
hundred dollars (s1300) Is covered py =,
transfer to this corporation by SAD ~. .s
of the merchandise described on the !, ~. a.
ment hereto attached and marked a. a,
same tOtalling the full sum OF $lf4sw -. N
balance of S149.66 over and above tne IN I'm
sum of $500 to be credited to Mrs. 80, %~
G. Day on the books of the corporssa
the said statement showing the ,ai s,.,s
the said merchandise. which sala y 4,
ment is sworn to by the directors y, ~
said corporation. and which said slater. "a,
L.. -. l.. Il. - Ian Nrff