The herald. [volume] (New Orleans, La.) 1905-1953, 1921-08-04
QUARTER OF THE HILL-COTTON I'm
pER COMPANY, INCORPORATED

BIER COMPANY, INCORPohal
UNITED STATES OF AMEKlC0AE;
STATE OF LOUISIANA, PARISh
oRnEANs. CITY OF NEW ORLEANS
a. - tnown That on the eleventh Gay
~ the month of July, In the year Oh our
Lord one thousand nine hundred anu
twenty-one before me, James b. hosSei'
Jr.. notary public; IN ana ioi dnlv com
missioned aud qualified, and In the pres
enc. of the witnesses hereinafter naIleu
and undersigned, personally cahe anu OF
peared the persons whose names are ~
INTO subscribed, who severally declared
that. ayailing themselves of the provisions
of the laws of the State of Louisiana, reIa-
tive to the organization OF cOrpoIa'iVns,
they have cOyenanted and agreed 10 Olhu
Themselves as well such other persons
who NAV hereafter become associated Win
them or their successors. to form anu
constitute a corporation ana Douy pohue
in law for the objects and purposes anu
under the agreements and stlpulatlons lol-
lowing, to-wit:
ARTICLE The name, style and tltle
of this corporation shall be THE HILL
COTTON LUMBER COMPANY, lNCOR-
PORATED, and under that corporate name
il shall have and enjoy all the rights anu
privileges granted by law to corporation !;
il shall exist for period or nlnety -hihe
wears from and after the date hereof.
ARTICLE 1.-THE domicile of said cor
poration shall be in the City of New Or
leans, Parish of Orleans, State OF Lou,
isiana. and all citations and other legal
process shall be served upon the President
of the said corporation, and, in case OF his
absence upon the Vice President, and, in
the case of the absence of both of these
OnIcers, upon the Secretary thereon.
ARTICLE III-The objects and purposes
for which this corporation is organized,
are declared to be, for the purpose or
buying and selling lumber. sand, gravel,
cement, lime, paints, yarnishes, brushes,
and building material generally, TO tease
and hire, purchase and convey, mortgage
and hypothecate all real estate, necessary
for the conducting and carrying on OF said
business, and generally to do every act
and thing necessary to carry out the OBJ
jects and purposes for which this corpora
ton organized.
ARTICLE Iv-The capital stock of this
corporation is hereby fixed at the sum OF
Ten Thousand Dollars 100000, divided
into one hundred shares of the par value
of One Hundred Dollars (S1OO) each; each
share to be paid for in such manner as
the Board of Directors may determine
The amount of the capital stock OF this
corporation may be increased to Fifty
Thousand Dollars ($5O.OO0) Dollars, and
! the said corporation shall be authorized
| to begin business and shall be a going
concern when fifty per cent of its capital
stock shall have been subscribed and fifty
| per cent of all stock subscribed shall have
| been paid in.
All sales and other transfers of any OF
| the stock of this corporation shall be void
unless said stock shall have been previously
| offered to the then existing stockholders
through the Board of Directors, at a stip-
| ulated price, and If the Board, for the said
| stockholders, does not see fit to purchase
| said stock, then Ii shall not be sold at 9
| less price, or upon more favorable terms
without likewise offering 1t to the Board
| at such price and upon said terms. In case
| of sale or transfer of stock, or the issue
| of the increased capital stock, the theI
holders Of stock Of the company shall have
! the right to purchase said stock in the
ratio of their holdings of stock Of the CON-
pany. No sale or transfer of stock shall
| be binding upon the corporation unless
| made upon its books, and said transfer
shall be made only upon surrender oil
proof of loss or destruction of the out
standing certificates.
| ARTICLE v-All the corporate power.
and authority of this corporation shall bs
| vested and exercised by a Board of Di
rectors composed Of not less than tire,
stockholders, to be elected annually by q
ballot at general meeting of the stock.
| holders, on the second Monday in Septem
Der. Of each year. NO failure to elect Di
rectors shall be regarded as a forfeiture OF
| this Charter. Any vacancy occurring ii
and on said Board shall be filled by tn,
| remaining Directors for the unexpiret
| term. Said Board Of Directors shall a
| the first meeting after its election cleo
| from among its number President,
| Nice-President. a Secretary and Treasurer
| ARTICLE VINO stakeholder shall eve
be held liable or responsible for the con
tracts, faults or debts of said corporation
| In any further sum than the unpaid balanc,
Que TO the corporation on the shares O
stock owned by him, nor shall any mer,
lnformality in organization have the effec
OF rendering this Charter null, or of ex
posing stakeholder to any liability be
yond the amount Of his stock.
ARTICLE vII-The following name,
persons shall constitute the first Board O
directors to serve until the second Mon
uay IN september, 1922, or until their sue
cessors shall have been elected and Quail
ned, to-wit: Lincoln J. Cotton, President
Eleanor G.. Hill, Vice President; Robert L
Hill. Secretary and Treasurer.
Fhe persons whose names are hereunde
SUBSCRIBED, are hereby declared to be tn
lncorporators Of this corporation, and hav
respectively written opposite their name
and addresses the amount of stock sub
scribed for by each Of them, so that tn
act OF incorporation may also serve n
the original subscription list to the capita
stock OF this corporation.
Thus done and passed, in my Notaria
onice, In the City of New Olleans, afore
said, in the presence of Arthur i Ryai
and William +. Conkerton, competent wit
nesses OF lawful age and residing in thi
city, who hereunto subscribe their name.
toeether with the said appearers and m,
notary, on the day and date above writer
after due reading of the whole.
L. J. Cotton, % shares, us South Corte
St. New Orleans, La; Eleanor G. Hill.
share, 592o Ferret ST.. New Orleans. La.
X. ). Hill, 25 shares, 5925 Ferret ST., NeI
Orleans, La.
Witnesses VIM. T. Conkerton. Arthur ]
Ryan.
J. B. ROSSER, JR.,
| Notary-Public
j, the undersigned, Recorder of Nor;
cages, In and for the Parish of Orlean,
state OF Louisiana, do hereby certify tina
the above and foregoing Act Of Incorpora
ton OF the Hin-Cotton Lumber Company
incorporated, was this day duly records