The herald., 1921-03-31
CHARTER OF DONEGAN LUMBER CO.,
INCORPORATED.

INCORPORATED.
United States of America. State of Lou
iSana, Parish of Orleans. BE ii known.
That on this 18th 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, Il notary pub
Tic, suly 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
derSigued, personally came and appeared
the parties whose names are hercuntO sub
sCribcd, who severally declared that avail
ing themselves of the provisions of the
laws of Louisiana. relative TO the Organi-
zation of corporations, they have con
traCted and agreed and do by these pres
entS contract and agree and bind and
obligate themselves as well all such
persons as may become associated with
them to form themselves into and con-
stitute corporation ana body polite in
law for the objects and purposes and un-
der the conditions and Stipulations of the
Articles following, to-wit:
ARTICLE 1.-The name and title of this
corporation shall be nUnegan 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 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 hyPO-
thecatiOnS, to make and use corporate
seal and the same to break and alter at
pleasure; TO purchase, receive. lease. hold,
or otherwise acquire and convey as well
as mortgage and hypOthecate under it,
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
"A 70 ~ a fnr
at pleasure, such bylaws. rules and Tpgu-
lationS for the proper mana cement of the
ahalrs OF said corporation as may be neccs-
Sary and proper.
ARTICLE 1.-THE domicile of said cor
pOratiOn shall he in New Orleans Parish
items 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 absence 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 II are hereby declared to be: to
purchase, own or otherwise acquire, hold
| improve, develop, manufacture, operate
maintain. repair, install and generally deal
IN ana with and TO sell, mortgage, pledge
| lease, hypOthecate or otherwise ALLEVIATE
| and handle for export or import or do.
II
| account or for account of others real and
| personal property Of every kind or deScrip-
| tlon including particularly but not re-
/ StriCtiVely timber lands timber lumbpr OF
/ all kinds, principally ship fittings and
| dunnage for ships; TO do q general con
| tracing business and particularly but not
| restflcuveiy To contract with reference to
| the furnishing and erecting and placing of
! Iunnage upon ships and fitting up ships
| for CargOes.
To purchase or otherwise acquire. hold
own; sell, pledge and otherwise dispose of
| stocks, bonds and other evidences of in
deotedness of any other corporation. do
| nestle or foreign, and issue in exchange
| therefor its stocks, bonds or other obIiga-
| tiOus.
To engage in any other business similar
IN character to the foregoing and to do
| anything necessary, suitable or proper
! winch the Company may deem convenient
| or advantageous in connection with or in
| cldehtal TO any Of the foregoing purposes
| and powers.
| corporation is hereby fixed at twenty-tiyp
| thousand (S25.000.00) dollars represented by
two hundred and fifty (2JO) shares of the
par value OF one hundred (S1O0.O0) dollars
| per snare. The amount of said stock NAV
| be increased to one hundred thousand
| tSlOOOOOOOD dollars.
| ARTICLE V.-AIl the powers of this COR
4 poratlon shall be vested in and exercised
| by Board of four Directors. each of
whom shall hold in his own name on the
| DOCKS OF the company at least one un-
| pledged share of stock. The Board shall
| elect from their number Il President n
| Vice President, a Secretary and Treas
| urer, ana such other officers as they may
| MINK proper or convenient for the carry
ing on of the company's business and shall
nave power to unite two or more Offices
ana the same to confer upon one person,
or TO dispense with any Office in their dis
nd 10 Rx- tb
| hcerS, agents and employees The Beard
or Directors shall be elected annually on
| the first Monday in January. of each wear.
| the hrst election to. be held in the year
! I9Zl; All such elections shall be by ballot
at the Office of the corporation. Notice of
| annual meetings, as well as special meet
| ings of stockholders, shall be given by
written notice mailed at least fifteen days
In advance of the date of such meeting TO
each stockholder appearing such on the
books of the company, at his last desig-
| mated address, or at the General Delivery
at New Orleans, If he has not designated
an address. Each shareholder shall be
entitled to one vote for each share OF
stock standing in his name on the books
OF the company, said vote to be cast in
person or by proxy, and a majority of the
votes cast shall elect. The Board of Di-
rectors shall have power to fill all yacan
cles which may occur or in any manner
arise or be created by the Board of hi.
! rectors, even though no quorum remain
| to- be filled. Failure to elect director,
on the day above specified shall not dis
solve the corporation, but the director.
then i'll office shall remain in Office unit
| their successors are elected. The BoarC
of Directors shall have power to make anC
establish, as well as alter and amend, al
Il bylaws, rules and regulations necessary
and proper for the support and manage
ment of the affairs and business of tn,
! corporation and not inconsistent with il.
charter. The Board shall have power
without referring to the stockholders. I,
, | borrow money, execute mortgages. issu,
notes, pledges, bonds or other obligations
4 in such amounts and on such terms a. ,iI
their judgment may be advantageous. anC
generally, to do all things reasonably nee
essary for the proper carrying on of tn,
, busimness of the corporation, and thel
, are specially authorized to deliver full
paid shares of stock and bonds or othei
obligations of the company in payment o
property acquired by said corporation a
such fair valuation as in their judgmen
may be proper. A majority of the direc
tors shall constitute quorum for tn
, transaction of business The Board o
, Directors shall have the power, by vote
/, of not less than three-fourths of all direc
tors, to sell all or any.part of the property
movable and immovable, belonging to tn
corporation, or to receive in exehang
II McIHF . AREN'T WE MOI