The herald., 1921-03-10
CHARTER.

fed, and in the presence Of tho MA. quali-
hereinafter named and undprsicn"'.lI1 hesses
sonally came aud appeared M. Per-
hereinafter subscribing, who declared spphs
availing themselves Of the Law that
STATE of Louisiana, on the subject o ol the
pOrationS, they have constituted Vi cor.
selves, their successors and as.i,,n them.
poratiOu under the StipulatiouS herr cor
set out. which they here prasarti matter
as their charter. tO-Wit: auopt
ARTICLE THE name or this Co.,
ton shall be Dixie Lumber A En, Corpora.
and its period Of duration shall Le lhe,
nine years from aud after H. ninety
hereof, and II shall have for tho nm. date
of the business TO be carried on Lv ipoSes
the powers. conferred 10y law unon"' al
PorationS, and shall exercise genrraIl,' Of,
tn" powers necessary to carry an ail
business. SAID
ARTICLE H.-Thc domicile or a..
poration shall be in the city of Nav, V or
leans, State Of Louisiana. aHJ an ~" w
ana oth"r legal process shall be So.oh
upon the President and, in his rived
or lnabllity 10 act, upon any otLer ivy
hc"r of the corporation. VI
ARTICLE III.-The objects and num-.
for which this corporation is orappyses
aud the nature of the business to 11a"l1td
ried on by ii are here declared ia h. 'ar'
purchase and sale Of lumber. dreSsn% lhe
undresSed, the purchase Of IumLar ana
dressed, ana the dressing of same n, u ~,
mill owned or leased by this roro az the
the purchase of lumber and the n,anntl!'
ture Of the same into boxes Of h,''li,uIae.
all and every kind. the purchase aJai OF
uf boxes and shocks. and genpralIv - 'le
cach ana every act necessary Ia ,nat 10
fective the above described bUsinays,@ vi,
10 do every kind Of business incidept,iS 1 ~
tie BUSINESSES above specified or reIatsS
thereto or connected Herewith ''u
tai stock of this corporation is bnr',L,. dpl-
clared to be five thousand dollars ,S de De
which shall consist of fifty (IW sbgrae
the par value of one hundred dni1OI
tSIOO) n share; fifty per cent of tho lars
shall he subscribed for before tba SINE SIile
ol theSt articles Of incorporation and fftSS
per cent of said subscriptions (twrntv-nr9
per cent of the capitaD shall he naiJ f
nttor" TINS corporation shall engage IN
business, which may be, however, in an
or property. An stock subscribed foa
Shal ne pdld Tor in cash or in propertv
actually Received by the corporation nr ~
labor actually done for the corporation !"
The amount to which the capitaI stool.
OF TINS corporation may be increased IL
No transfer of the stock of this 40.
porailon shall be- binding on this cornora-
tlon unless made on the books of I'M, ca.
poratlon, and no sale or other disposition
Hhstii w Ndlll unless The Stopk l.
hrst offered to the remaining stockholders
Of this company for ten DAYS AT a nrias
not 10 exceed the book value thpraor on
the date of the said offer, after which 40
the said offer is not accepted. the sIoct
may be sold by the owner thereof M MI,
All stock acquired in this corporation shall
be subject to the provisions of this cbsrter
ARTICLE VAN the powers of this cor.
pOratIOn shall be vested in and tho bnSi
ness OF this corporation managed ana
transacted by Board Of Directors 10 no
COMPOSED OIL three 90, two OF whom shall
constitute quorum. The Board of nj.
lectorS snail be elected annually on the
1rst Tuesday in January.
The first Board of Directors namaa IN
this charter shall serve until the newt
annual meeting of the stockholders a,
lntli their successors are elected and
qualified. anu
The first Board of Directors shall con.
,ist of the following: Francis Towner
New orleans, La; William g. Day, New
orleans La; l.. J. Hampton. New Or
cans, La; Mrs. VIM. G. Day, New Orleans
Ia, and of the above named Directors ths
,oilowing shall be the officers: Francis
lowner, president; William c. GRAY vice.
- 'fresiHeht' Il. ); hampton, sec-treas All
II whom shall hold Office until their enc
'essors are elected and qualified.
Each subsequent Board of Directors shah
iect from its number, as soon as possjbIa
Iter It's own election, a president. n vice.
PRESIDENT and secretary-treasurer and
nay appoint such agents or EMPLOYEES AZ
hey may deem proper for the business of
his corporation.
All elections shall be by ballot at tha
nice of the corporation, under The snnar'
'lSlon OF two commissioners To he an.
'olhted by the Board, which said commits.
toner's need not be stockholders. Notice
he se S,noL Lhheeting or any other meeting of
ne stockholders, or Board of Directors
nless waived by Unanimous consent shall
'e given by the secretary, at least fifteen
lays prior to the date of the meeting
n writing, either in person or by mailing
az, i notice TO the last known address OF
ald ockholders. At all meetings of the
tockholders, every stakeholder shall he
ntltled 10 one vote for each and every
.dre OF STOCK in his name on the hooks
,he corporation on the date OF the meet
s oo votes may be cast in person or
ng. and majority of votes SO cast shall
lect or determine.
Inc failure to hold elections IN elant
ne said directors shall not affect or dis.
oiNe the corporation nor impair its man.
sehent IN any respect; but the directors
ncno III ohlce shall hold office until their
uceessors are elected and qualified.
All vacancies on the Board. no matter
" WHAT cause, shall be filled for the re-
lainuer or the term of the said Board
the remaining directors ANY member
the Board may appoint a proxy in writ.
* 70 represent him at the meetings of
nc "odru' VINO need not be stakeholder
ARTICLE VI.-This act of incorpora.
on may be modified, changed, altered or
nen,, or the said corporation may be
lssolved with the assent of two-thirds OF
ne capital. stock outstanding, at a meet
X Oh the stockholders called for that
urpose, after fifteen days notice In writ.
*. ueilvered either in person or mailed
.he last known address of said stock
oiucrs nIteen days prior to the date Of
he meeting. All notices may be- waived
y unanimous consent. In case of dissO.
lti0h, the affairs of the corporation shall
hquidated by two commissioners TO be
iosen by the stockholders.
ARTICLE Vino s,ockholder shall
yer be held liable for the faults or con-
acts OF this corporation in any further
,nl .nah the unpaid balance due the cor
Dratlon on the shares of stock owned by
le SAID stockholder; nor shall any mere
J ormalfty in its organization have the
'ect OF rendering this charter null or of
posing the stockholders to any liability
,yonu the amount due on his stock SUBJ
ription.
ARTICLE VIII.-The subscription OF
rs; william q. Day for thirteen shares
TINS charter for the sum of thirteen
lhdred dollars. ($l300) is covered by the
ansfer to this corporation by said party
tne merchandise described on the state
eht hereto attached and marked "a" the
me totalling the full sum of SI4i9G6. the
lance OF SlI9.66 over and above the said
IN OF 1880 to he credited 10 Mrs VIM.
Jay ON the books Of the corporation;
Z said statement showing the value of
SAID merchandise. which said state
snt is sworn to by the directors of the
III corporation, and which said statement
10 ne read In connection with the said
drter. the same II Nriftan fharain in