The herald. [volume] (New Orleans, La.) 1905-1953, 1921-03-17
CHARTER.

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laws OF al 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 /
ODligate themselves as wen as all such |
persons may become associated with !
them TO form themselves into and con |
stitute a corporation ana BODY polite in !
law for the objects and purposes ana I'M
der the conditions and stipulations OI the |
Articles following, tO-wit:
ARTICLE The name and title of this |
shall be DOnegau Lumber Co., |
Inc. ana under Its corporate name it shall !
have power and authority ana enjoy sue |
cessiOn for the full term and period of |
ninety nine (09D years from and after the |
date hereof; to contract, sue and be sued, |
10 accept and receive, as well as give anu |
grant mortgages. pledges or other hyPO- |
theCduOns 10 make anu use Il corporate !
seal and the same to break and alter at !
pleasure; to purchase, Receive. lease. hold, |
or otherwise acquire and convey as we'll |
as mortgage ana hypOthccate under its |
corporate name, property bOth real and |
personal anu mixed, To name and appoint !
such managers and directors, officers and
agents, as the interest ana convenience OF !
said corporation may require, To make |
anu establish. as well as alter ana amend !
1T pleasure, such bylaws. rules and rrgU-
lations for the proper mana cement of the
affairs OF SAID corporation as may be neccS
>dry ana proper.
ARTICLE 1.-THE dUmicile of said cor
Of Orleans, State OF Louisiana. and all CiIa-
lions or other legal process shall be- served
upon the President OF said corporation. or
III case of hts absence, upon the Vice reSi-
dent, or III the absence of both OF these
OFFICERS. upon the Secretary OF the corpora
ton.
ARTICLE lII.-The objects and purposes
for which tins corporation l. formed and
the nature OF the business To be carried
on by II are hereby declared 10 be: to
improve, develop, manufacture, operate
maintain. repair, install ana generally deal
IN ana with ami TO sell, mort gag, pledge,
lease, hHpOtheCate or Otherwise ALLEVIATE
ana handle for export or import or do
nestle use or consumption. Tor it, own
account or for account OF others real ana
personal property vi every kind or de>CrIp-
TiOu. including particularly but not r.
StriCtlNely timber lands timber, lumber of
all kinds, principally ship nttIngs ANA
dunnage for ships; 10 do Il general con
tracing business and particularly but not
reStriCIlYely TO contract with reference 10
the furnishing and erecting and placing OF
dumage upon ships and hitting up ships
Tor CarSOes.
To purchase or otherwise acquire, hold,
own. sell, pledge and otherwise dispose OF
stocks, bonds and other evidences OF in
debteuncSS OF any other corporation. do
nestle or foreign, and issue i'll exchange
therefor its stocks, bonds Or other oUllSa-
tUns.
To engage in any other business similar
in character TO tine foregoing and 10 40
anything necessary, suitable or proper
which the Company may deem convenient
or advantageous i'll connection with or in
c.dental to any of the foregoing purposes
ana powers.
ARTICLE Iy.-Tbe capital stock of this
corporation is hereby nAed at twenty -hNe
thousand (S2J. 100000 dollars represented by
TWO hundred and fifty t2J6l shares OF the
par value OF one hundred (SlOO.O1) dollars
per share. The amount of said stock may
he increased to one hundred thousand
(SlOU.UUOUO) dollars.
ARTICLE V.-AI the powers of this cor
poration shall be vested in and exercised
by "A Board of four Directors, each OF
whom shall hold in his own name on the
books OF the company at least one I'm.
pledged share of stock. The Board shall
elect from their number President.
Vice President, a Secretary and Treas
urer. and such other officers as they may
think proper or convenient for the carry =
ing on of the company business. ana shall
have power to unite two or more OFFICES
and the same TO confer upon one person,
or to dispense with any office III their dis
erection. and to fix the salaries of all Of
ficers, agents and employees. The Board
of Directors shall he elected annually on
the first Monday in January. of each year.
the first election TO be held i'll the year
1921. 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 ut least fifteen days
in advance of the date of such meeting 10
each stakeholder appearing as such on the
books of the company, at his last deSlg
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 ill all vacan'
cies which may occur or in any manner
| arise or be created by the Board of Di-
rectors. even though no quorum remain
| at the time such vacancy or vacancies are
I to be filled. Failure to eject directors
on the day above specified shall not dis
| solve the corporation. but the directors
| then in Office shall remain i'll Office until
their successors are elected. The Board
| of Directors shall have power to make and
| establish, as we'll as alter and amend, al
| bylaws. rules and regulations necessary
| and proper for the support and manage
| ment of the affairs and business of the
! CORPORATION and not inconsistent with il,
| charter. The Board shall have power
! without referring to the stockholders, Il
/ borrow money, execute mortgages. ISSUE
! notes. pledges, bonds or other obligations
| in such amounts and on such terms a in
| their Judgment may be advantageous. ano
| generally, to do all things reasonably nee
/ eSsary for the proper carrying on of the
| buSimness of the corporation, and they
| are specially authorized to deliver full
| paid shares of stock and bonds or Other
| obligations of the company in payment Of
| property acquired by said corporation a
! such fair valuation as in their judgment
/ may be proper. A majority of the direc
| tors shall constitute a quorum FOR th'
| transaction of business. The Board D
| 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 thu
| corporation, or to receive in exchange
| therefor money or stocks or bonds o.
| other obligations of another individual
firm or corporation, of any character, with
out referring to the shareholders for pow
! err to do so. At any meeting of the BoarC
| of Directors. any director absent from tn
meeting may be represented by any othe
director who may cast the vote OF SAT-
| absent director according to the genera
or special written instructions of sai'
absent director. Until the annual meetinl
of 1921. the Board of Directors shall con
| sist of: W. s. Smith, whose address /
1905 Coliseum ST., New Orleans. La; G. y
| Gueringer, whose address is 2039 st Philil
| Street. New Orleans, La; II. j. Bives. II
| Octavia ST., New Orleans, La; Nj. +
DOnegan, whose address is 26iS Banks st
New Orleans, La.
Of the foregoing. ". S. Smith shall b
president. c. A. Gueringer, vice-president
and NJ +. Donegan, secretary treasurer.
| ARTICLE vI-This act of incorporation
may be modified, changed, or altered, o
this corporation may be dissolved, in tn
manner provided by law, by vote of two
thirds of the entire outstanding capita
stock, present or represented, at gen
-I..I.l no.