The herald. [volume] (New Orleans, La.) 1905-1953, 1921-03-03
CHARTER.


s0nally came and appeared the persons
hereinafter subscribing. who declared Tho,
awaiting themselves of the laws of ~
State of Louisiana, on tn" subject of cor,
porations. they have constituted then
selves. their successors and assigns cor
pOration under the stipulltionS hrrrinaftar
set out, which they her, presently adont
as their charter. tO-wit:
ARTICLE 1.-The name OF this corpor,.
ton shall be Dixie Lumber x Box Co Inc
and its period of duration shall be- ninaty'
nine years from ana after the date
hereof, and It snail have for the purpoSss
of the business TO be- carried on by il all
the powers conferred by law upon cor
pOrations, and shall exercise generally all
the powers necessary to carry on said
business.
ARTICLE 1.-THE domicile of the cor.
pOratiOn shall be in the city of New Or.
leans, State of LOui>iaua. and an citatio,
and other legal process shall be served
upon the President and, I'm his absence
or inability to act, upon any other Of.
ticer of the corporation.
ARTICLE III.-The objects and purposss
for which this corporation is Organized
and the nature of the business TO bp car
ried on by il are here declared TO be tbe
purchase and sale of lumber. dressed and
undreS>ed; the purchase of lumber I'M
dressed, and the dressing of same M ths
mill owned. or leased by this companv.
the purchase of lumber and the mapufac
ture of the same into boxes of shocks of
all and every kind. the purchase and saIa
of boxes and shocks. and generally 10 do
each and every act necessary to make Of
fective the above described businesses and
10 do every kind of business incidental 10
the businesses above specified or related
thereto or connected Herewith.
ARTICLE IV.-The amount of the cant
tai stock of this corporation is hereby de-
clared to be five thousand dollars (S5O 900,
which shall consist OF fifty t5Ol shares Of
the par value of one hundred dollars
tSlUOl share; fifty per cent of the same
shall be subscribed for before the filing
of these articles of incorporation and ffty
/ per cent of said subscriptions TWENTY-FIVE
/ per cent of the capitaD shall be paid for
! before this corporation shall engage in
business. which may be. however. in cash
or property. All stock subscribed for
shall be paid for in cash or in properly
/ actually received by the corporation. or In
labor actually done for the corporation.
The amount to which the capital stock
OF this corporation may be increased is
[ $4,000
No transfer of the stock of this cor.
pOration shall be binding on this corpora
ton unless made on the books of the cor
poratiOn. and no sale or other disposition
thereof shall be valid unless the stock is
first offered to the remaining stockholders
of this company for ten days at price
not to exceed the book value thereof on
. the date of the said offer. after which IL
/ the said offer Is not accepted, the stock
may be sold by the owner thereof at will
All stock acquired in this corporation shall
be subject to the provisions of this charter
ARTICLE v.-An the powers Of this cor.
pOration shall be vested in and the busi-
ness of this corporation managed and
transacted by Board of Directors to be
composed of three (3), two of whom shall
constitute a quorum. The Board of Di
rectors shall he elected annually on the
first Tuesday in January.
The first Board of Directors named in
this charter shall serve until the next
annual meeting of the stockholders, or
until their successors are elected and
qualified.
The first Board of Directors shall con.
sist of the following: Francis Towner.
, New Orleans, La; William q. Day, New
T Orleans. La; l.. ]. hampton. New Or
, leans. La; Mrs. VIM. g. Day. New Orleans
; La. and of the above named Directors the
! Towner. president; William &. Gray, vice
, president; l.. j. Hampton, sec-treas. All
, Of whom shall hold Office until their sue
, cessors are elected and qualified
D Each subsequent Board of Directors shall
elect from its number as soon as possible
] after its own election. a president. vice.
] president and a secretary-treasurer; and
4 may appoint such agents or employees as
g they may deem proper for the business OF
5 this corporation.
u Office of the corporation, under the super
: vision of two commissioners to be ap.
r pointed by the Board, which said commits
r sioners need not be stockholders. Motto,
= of such meeting or any other meeting OF
n the stockholders, or Board of Directors
n unless waived by unanimous consent, shall
d be given by the secretary, at least fifteer
= days prior to the date of the meeting
70 in writing, either in person or by mailing
% said notice to the last known address O
IS said stockholders. AT all meetings of tn,
l. stockholders. every stakeholder shall b.
'r entitled to one vote for each and ever,
,r share of stock in his name on the book
l. of the corporation on the date of the meet
re ing. Said votes may be cast in person O
Is by proxy. which proxy must be in writ
Is ing. and a majority of votes so cast shall
is elect or determine.
The failure to hold elections to cleo
n the said directors shall not affect or dis
w solve the corporation nor impair its man
d agement in any respect; but the director
Nv then in office shall hold Office until thei
10 successors are elected and qualified.
II. All vacancies on the Board, no matte
of for what cause, shall be filled for the re
IL mainder of the term of the said BOart
of by the remaining directors. Any membe
H. of the Board may appoint a proxy In writ
or ing to represent him at the meetings {
he the Board, who need not be a stOckholde
in ARTICLE yI-This act of incorpor
o. ton may be modified changed. altered Z
.e- dissolved with the assent OF two-thirds
CIV the capital stock outstanding. at NEE
,r ing of the stockholders called for TIL
~ purpose. after fifteen days notice. In wri
he ing, delivered either in person or male
NJ to the last known address of said stool
holders fifteen days prior to the date
the meeting. All notices may be waive
pss by unanimous consent. In case OF diss
3u luton. the affairs of the corporation sha
~! be liquidated by two commissioners to
m III chosen by the stockholders.
90, ARTICLE VINO stockhOlder sha
en- ever be held liable for the faults or col
wv, tracts of this corporation in any furth
ur- sum than the unpaid balance due the co
rec poration on the shares of stock owned
X. the said stakeholder; nor shall any me-
informality in its organization. have y
effect of rendering this charter null or
ue exposing the stockholders to any liabill
VI beyond the amount due on his STOCK So
or scription.
ARTICLE VIII-The subscription
~, Mrs. William q. Day for thirteen snaf
ms to this charter for the sum of thirte
OF or hundred dollars $4,000 Is covered by !
Oh transfer to this corporation by said par
IAN of the merchandise described on the sta'
zen ment hereto attached and marked "a !
in Same totaIIiny tha fuII snm Of SI449 &c. I
Oh balance of $149.66 over and above the 81
os sum of $500 to be credited to Mrs. "
as q. Day on the books OF the corporauo
the said statement showing the vaiue
.ell the said merchandise, which said sta
or ment is sworn to by the directors OF
nv said corporation, and which said statems
rior is to be read in connection with the -
and charter. the same as IL written therein
irst full and in detail; the total appralsem'