The herald., 1921-07-28
CHARTER OF THE HILL-COTTON LoM-
RER COMPANY, INCORPORATED.

CHARTER OF THE HlLL-COIlON -.
Der COMPANY, INCOhfoha
UNITED STATES OF AMEKlCoAA;;
STATE OF LOUISIANA. PARISH &c or
0RiEANS. CITY OF NEW ORLEANS
Iie il known That on the eleventh ia!
of the month of July, in the year oil ou5
Lord one thousand nine huhIre1 anu
twenty one before me, James ID. SSh'
Jr a notary public, in and for the farlsh
of Orleans, State of Louisiana, duly com
missioned and qualified, and in the pres,
pnce of the witnesses hereinafter haiieu
and undersigned, personally came anu APP
peared, the persons whose names are IT,
INTO subscribed, who severally declared
that, ayailing themselves OF the PROVISIONS
of the laws of the State of LOUISIANA rela'
tive to the organization OF corPoId',Vno,,
they have covenanted and agreed 10 pihu
themselves, as well as such other persons
Who may hereafter become associated with
them. or their successors, to form ana
constitute a corporation and BODY pohtie
in law for the objects and purposes, ana
under the agreements and stipulations Ioi-
lowing, to-wit:
ARTICLE THE name, style and title
of this corporation shall be THE HILL
COTTON LUMBER COMPANY, lNCOR'
PORATED, and under that corporate name
it shall have and enjoy all the rights and
privileges granted by law to corporation
it shall exist for period OF ninety -nih'
wears from and after the date hereof.
ARTICLE 1.-THE domicile OF said cor
| poration shall be in the City Of New UT
| leans Parish of Orleans, State OF Lou
isiana. and all citations and other iega
process shall be served upon the Presiden
| Of the said corporation, and, in case OF hi
| absence, upon the Vice-President, ana, II
| the case Of the absence of both of thes
onicers. upon the Secretary thereof.
| ARTICLE III-The objects and purpose
for which this corporation is organized
are declared to be, for the purpose o
Il sner lrtrva hnr
cement, lime, paints, varnishes. brushes
| and building material generally, to leas
/ and hire, purchase and convey, mortgag
and hypothecate all real estate. necessar
for the conducting and carrying on OF sal
| business, and generally to do every &C
and thing necessary to carry out the oh
jects and purposes for which this corpora
ton organized.
ARTICLE Iv-The capital stock Of thi
corporation is hereby fixed at the sum Q
Ten Thousand Dollars ($10,00O), divide
into one hundred shares of the par valu
Of One Hundred Dollars $500 each; eac
| share to be paid for In such manner q
the Board Of Directors may determin
The amount of the capital stock Of thi
corporation may be increased to FIT
Thousand Dollars ($J0,0OO) Dollars, an
the said corporation shall be authorize
to begin business and shall be a goin
concern when fifty per cent Of its capiti
stock shall have been subscribed and fft
per cent of all stock subscribed shall hay
been paid in.
the stock of this corporation shall be vol
unless said stock shall have been previousl
offered to the then existing stakeholder
through the Board of Directors, at a stiI
ulated price, and If the Board, for the sal
stockholders, does not see fit to purchas
said stock, then it shall not be sold at
less price, or upon more favorable term
&lIhout likewise Offering Ii to the Boar
~ - price and upon said terms. In cas-
of sale or transfer of stock, or the issu
of the increased capital stock, the the
holders of stock Of the company shall ha,
the right to purchase said stock in Il
ratio of their holdings of stock of the con
, pany. No sale or transfer of stock sha
be binding upon the corporation unle'
made upon its books, and said transf,
shall be made only upon surrender
proof of loss or destruction of the GU
standing certificates.
: ARTICLE Vail the corporate powe
J and authority of this corporation shall
vested and exercised by a Board of d
rectors composed of not less than thr
stockholders, to be elected annually by
ballot at general meeting of the stocl
holders on the second Monday in Septeu
Der. Of each year. No failure to elect ID
rectors shall be regarded a forfeiture
this Charter. Any vacancy occurring
. and on said Board shall be filled by Il
4 remaining Directors for the unexpir
! term. Said Board Of Directors shall
4 the first meeting after it's election ele
from among Its number a President,
. Fice-President, a Secretary and Treasure
ARTICLE VINO stockholder shall ey
i be held liable or responsible for the co
tracts, faults or debts of said corporate
\ Up any further sum than the unpaid balan
9 Que to the corporation on the shares
4 STOCK owned by him, nor shall any me
y informality in organization have the efft
r OF rendering this Charter null, or of G
:. posing stakeholder to any liability
e yond the amount of his stock.
e ARTICLE VII-The following nam
r persons shall constitute the first Board
e directors to serve until the second Nc
e day IN September, 1922 or until their an
o cessors shall have been elected and uua
II ned to-wit: Lincoln ]. Cotton. Presider
y Eleanor g. Hill, ice-President; Robert
e Hill, Secretary and. Treasurer.
= The persons whose names are hereund
subscribed, are hereby declared to be
n incorporators OF this corporation, and ha
= respectively written opposite their nan
- ana addresses the amount of stock 81
% serlDed for by each of them so that
70 act OF Incorporation may also serve
q tne original subscription list to the capi
\. stock OF this corporation.
st Thus done and passed, in my Notar
IN onlce, In the City of New Orleans afo
* said, in the presence of Arthur j. Ry
l. ana William +. Conkerton competent "
DR. nesses or lawful age and residing in Z
E. city, who hereunto subscribe their nam
Is together with the said appearers and /
al notary: on the day and date above writ
after due reading of the whole.
is L. J Cotton, IS shares, 115 South Cor
- 81, New Orleans, La. !; Eleanor G. Hill
" share, 1925 Ferret ST.. New Orleans. I.
N n. >: Hill, % shares, 59z5 Ferret ST.. n
II Ryan.
,e J. B. ROSSER, JR..
ID Notary Public
"A 1, the undersigned, Recorder of NJ
~ cages, in and for the Parish of Orlea
n State Of Louisiana. do hereby certify h
X the above and foregoing Act Of Incorpo
III ton OF the Hill-C0tton Lumber Compa