The herald., 1921-04-07
CHARTER OF DONEGAS LUMBER co.
INCORPORATED.

CHARTER OF DONEGAN 1t MBEh co. |
INCORPORATED.
United States of America, State of Lou |
iSiana. Parish of Orleans. Be il known, |
That on this 11th day of the month of
March in the year of our Lord, one thOuS
and. nine hundred and twenty one 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 ana 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 them selves 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 well all such
persons as may become associated with
them to form themselves into and con-
stitute a corporation and body polite in
law for the objects and purposes and I'M
der the conditions and stipulatiOns of the
Articles following, to-wit:
ARTICLE 1.-The name and title of this
corporation shall be DOnegan Lumber Co..
Inc and under its corporate name it shall
have power and authority and enjoy sue
cesSion for the full term and period of
ninety nine 1921 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 hyPo-
thecatiOns, TO make and use a corporate
seal and the same to break and alter mt
pleasure; to purchase, receive. lease. hold.
or otherwise acquire and convey as Well
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
Sui - Al IN "A EN
and establish, well as alter and amend
at 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
tions or other legal process shall be served
upon the President of said corporation. or
| in case Of his absence. upon the Vice-Presi-
dent, or in the abs nee of both of these
| officers, upon the Secretary of the corpora
| ton.
| ARTICLE III-The objects and purposes
| 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,
| improve, develop. manufacture, operate,
| maintain. repair, install and generally deal
| in and with and to sell, mortgage, pledge,
| lease, hypOthecate or otherwise ALLEVIATE
1
nestle use or consumption, for its own
| 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 |hips and fitting up ships
for cargOes.
| To purchase or otherwise acquire, hold
own. sell pledge and otherwise dispose OF
stocks, bonds and other eyide9ces of in
debtedness of any other corporation, do
nestle or foreign, and issue in exchange
therefor its stocks, bonds or other obliga
| lions.
=, To engage in any other business similar
in character to the foregoing and to dc
anything necessary, suitable or prope
which the Company may deem cOnvenien
: or advantageous in connection with or in
cidental to any of the foregoing purpose
and powers.
ARTICLE Iv.-Tbe capital stock of th
corporation is hereby fixed at twenty-five
thousand $50. OOOOO) dollars represented b.
two hundred and fifty (2J0l shares of tn
. par value of one hundred ($1O0OO dollar
per share. The amount of said stock ma.
be increased to one hundred THOUSAND
(S1O0, 100000 dollars.
ARTICLE v.-An the powers OF this cor
: | poration shall be vested in and exercises
by a 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 shal
elect from their number a President,
I Vice President, a Secretary and Treas
urer, and such other officers as they ma
think proper or convenient for the carry
e ing on of the cOmpany's business, and sha
have power to unite two or more office
and tie same to confer upon one person
r or to dispense with any office in their dis
G | erection, and to fix the salaries of all OF
{ ficers, agents and employees. The Boar
e of. Directors shall be elected annually o
), the first Monday in January. of each yea
: the first election to be held in the yea
L 1921. All such elections shall be by ballo
g at the office Of the corporation. Notice {
{ annual meetings, as well as special NEE
d ings of stockholders, shall be given b
: written notice mailed at least fifteen day
e in advance of the date of such meeting
g each stakeholder appearing as such on Il
|, books of the company, at his last desil
E mated address, or at the General Deliver
n at New Orleans. If he has not designate
l. an address. Each shareholder shall
o entitled to one vote for each share
It stock standing in his name on the bool
IS of the company. said vote to be cast
J. person or by proxy, and a majority of Il
votes east shall elect. The Board of ID
re rectors shall have power to fill all vaca
= cies which may occur or in any MANN
D arise or be created by the Board of ID
d | rectOrS, even InOuEn no
N at the time such vacancy or vacancies a
< to be filled. Failure to elect directo
,r on the day above specified shall not di
Or solve the corporation, but the directo
,e then in office shall remain in Office uni
Is their successors are elected. The Boa
of Directors shall have power to make al
is establish as well as alter and amend,
10 | bylaws, rules and regulations necessa
m and proper for the support and manag
re ment of the affairs and business of Z
of corporation and not inconsistent with
" charter. The Board shall have pow'
n without referring to the stockholders,
70 \ borrow money, execute mortgages, ISIS
y notes, pledges, bonds or other obligation
in such amounts and on such terms as
er their judgment may be advantageous. al
n generally, to do all things reasonably NJ
m essary for the proper carrying on OF {
es business of the corporation, and tn
be are specially authorized to deliver fu
T paid shares of stock and bonds or 9th
~ obligations of the company in payment
ID property acquired by said corporation
M such fair valuation as in their judgme
T may be proper. A majority of the dire
ia tors shall constitute quorum for I
is transaction of business. The Board
IN Directors shall have the power. by yo
"a of not less than three-fourths of all dire
80 tors to sell all or any part of the properi
az az movable and immovable, belonging to
IN corporation, or to receive in exchan
kAxxs0kE VA NeEQ CAN Is l,sY A