The herald. [volume] (New Orleans, La.) 1905-1953, 1921-04-14

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March IL to April p. Notary Public.
CHARTER OF DONEGAN LUMBER CO.,
INCORPORATED.
United States of America, State of Lou
iSiana Parish of Orleans BE il known.
That on This 1lth day of the month of
March. in the year of our Lord, one thouS-
and, nine hundred and twenty and Of
the Independence of the United States OF
America, the one hundred forty fifth, be-
fore me, Watts X. Leverich, a notary pub
lie. duly commissioned and qualified in
and for the aforesaid Parish and State,
therein residing and In the presence of
the witnesses hereinafter named and I'M
dersigned, personally came and appeared
the parties whose names are hereuntO sub
Scribed, who Severally declared that avail
ing themselves of the provisions of the
laws of Louisiana, relative TO the Organi-
cation of corporations, they have con
tracted and agreed and do by these pres
entS contract and agree and bind and
Obligate themselves as well as all such
persons as may become associated with
them to form themselves into and con-
stitutc a corporation ana body polite in
law for the objects and purposes and Un-
der the conditions ana stipulatiOns of the
Articles following, tO-wit:
ARTICLE 1.-The name and title of this
corporation shall be DOncgan Lumber Co,
Inc, ana nIluer It's corporate name IL snail
have power and authority and enjoy sue
cessiOn for the full term and period of
ninety nine 800 years from and after the
date hereof; to contract, sue and be sued,
to accept and receive, as well as give and
grant mortgages, pledges or other bypO-
thecatiOnS to make and use a corporate
seal and the same to break and alter ut
pleasure; TO purchase, receive. lease. hold.
or otherwise acquire and convey as Wen
as mortgage and hypOthecate under its
corporate name, property both real and
personal and mixed, to name and appoint
such managers and directors. officers and
agents, as the interest and convenience of
said corporation may require; to make
and establish. as well as alter and amend
mt pleasure, such bylaws. rules and regu-
latiOns for the proper management of the
affairs of said corporation as may be neces-
sary and proper.
ARTICLE 1.-THE dOmicile of said cor
pOratiOn shall be in New Orleans. Parish
, of Orleans, State of Louisiana, and all eta
| lions or other legal process shall be served
upon the President of said corporation or
in case of his absence. upon the Vice resi-
dent, or in the absence of both of these
| officers, upon the Secretary of the corpora
ton.
| for which this corporation is formed and
| the nature of the business TO be carried
on by it are hereby declared to be: to
purchase, own or otherwise acquire, hold
maintain. repair, install and generally deal
in and with and to sell, mortgage, pledge,
| lease, hypOthecate or otherwise ALLEVIATE
and handle for export or import or do
nestle use or consumption. for its OWL
! account or for account of Others real and
personal property of every kind or deScrip-
! ton. including particularly but not re-
! strictively timber lands, timber, lumber OF
| all kinds, principally ship fittings and
| dunnage for ships; to do a general con
| tracing business and particularly but not
| reStrictively to contract with reference tC
| the furnishing and erecting and placing OF
dunnage upon ships and fitting up ship,
| for cargOes.
| To purchase or otherwise acquire, hold
| own, sell, pledge and otherwise dispose OF
| stocks, bonds and other evidences of in.
| debtedness of any other corporation, do
4 nestle or foreign, and issue in exchang,
| therefor its stocks, bonds or other Obliga.
| tiOns.
| To engage in any other business similar
| i'll character to the foregoing and to dc
anything necessary, suitable or proper
| which the Company may deem convenient
| or advantageous in connection with or in
cidental to any of the foregoing purpose,
| and powers.
ARTICLE IV.-The capital stock of this
corporation is hereby fixed at twenty-fiv,
thousand (S25,0O0O0) dollars represented b!
| two hundred and fifty (250) shares of tn,
par value of one hundred ($100.00) dollars
per share. The amount of said stock may
| be increased to one hundred thousand
| (S1OO.OOO.OO) dollars.
| ARTICLE V.-An the powers OF this cor
poratiOn shall be vested in and exercised
by n Board of four Directors, each o
whom shall hold in his own name on tn,
| books of the company at least one un
| pledged share of stock. The Board shall
elect from their number a President,
Vice President, a Secretary and a Treas
urer, and such other officers as they ma!
think proper or convenient for the carry
ing on of the cOmpany's business and shall
have power to unite two or more Office
and the same to confer upon one person
or to dispense with any Office in their dis
erection, and to fix the salaries of all of
tcers, agents and employees. The Boar,
of Directors shall be elected annually oil
the first Monday in January, of each year
the first election to be held in the yea
1921. All such elections shall be by ballet
at the office of the corporation. Notice o
annual meetings, as well as special meet
ings of stockholders, shall be given b.
written notice mailed at least fifteen day
in advance of the date of such meeting t
each stakeholder appearing as such on tn
books of the company, at his last desig
mated address, or at the General Deliver
at New Orleans. If he has not designate
an address. Each shareholder shall b
} entitled to one vote for each share O
stock standing in his name on the book
of the company, said vote to be cast i
person or by proxy, and majority. of tn
votes cast shall elect. The Board of III
: rectors shall have power to fill all vacaI
cies which may occur or in any name
= arise or be created by the Board of Di
rect0rs, even though no quorum renal
: at the time such vacancy or vacancies ar
: to be filled. Failure to elect director
r on the day above specified shall not di'
solve the corporation, but thu director
: then in Office shall remain in Office unit
) their successors are elected. The Boar
of Directors shall have power to make an
establish, as well as alter and amend, a
! bylaws, rules and regulations necessar
/ and proper for the support and manage
! ment of the affairs and business of I'll
2 corporation and not inconsistent with il
, charter. The Board shall have powe
without referring to the stockholders, [
! borrow money, execute mortgages, issu
notes, pledges, bonds or other obligation
in such amounts and on such terms as
their Judgment may be advantageous. an
generally. to do all things reasonably ne
, essary for the proper carrying on of til
. business of the corporation, and the
? are specially authorized to deliver full
: paid shares of stock and bonds or otht
: obligations of the company in payment I
, property acquired by said corporation
such fair valuation as in their judgmer
: may be proper. A majority of the dire
= tors shall constitute quorum for I'll
. 7 transaction of business. The Board
: Directors shall have the power, by a yot
! of not less than three-fourths of all dire
: tors to sell all or any part of the propert
: movable and immovable, belonging to Il
! corporation, or to receive in exchant