The herald., 1921-03-24

March II to April p. Notary Public
CHARTER OF DONEGAN LUMBER CO.,
INCORPORATED.
United States of America, State of Lou
| isiana, Parish of Orleans. Be it 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 forthwith be-
| fore me, Watts h. Leverich, notary pub
lie, duly commissioned and qualified in
| and for the aforesaid Parish and State
| therein residing and in the presence of
the witnesses hereinafter named and I'M
derslgned, personally came and appeared
| the parties whose names are hereunto sub
| scribed, who severally declared that avail
ing themselves 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 as all such
| persons as may become associated with
them to form themselves into and con-
| stltute corporation and body polite in
law Tor 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 Donegan Lumber 20
inc, ana under Its corporate name it shall
| nave power and authority and enjoy sue
| cession for the full term and period of
ninety nine t99) years from and after the
| date hereof; to contract, sue and be sued
| to accept and receive, as well as give ard
grant mortgages, pledges or other hypo-
lhecatons, TO make and use corporate
| seal and the same to break and alter ar
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
sald corporation may require; to make
and establish, as well as alter and amend
at pleasure, such bylaws, rules and regu-
la nd Ior the proper management of the
analrs OF said corporation as may be neces-
| sary and proper.
ARTICLE 1.-THE domiciIe NJ said .o-
poration shall be in New Orleans Parish
OF Orleans, State Of Louisiana and ali cita-
lions 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
oHicers, upon the Secretary Of the corpora-
ton. WI"
ARTICLE II-The objects and nurnosas
ior which this corporation is formed and
lthe nature OF the business to be carried
on by it are hereby declared to he. 70
purchase, own or otherwise acquire. hold,
improve, develop, manufacture. operste
maintain IN repair, install and generally deal
lease, hypOthecate or otherwise aIienste
ana handle for export or import or do
nlestIc use or consumption, for its own
account or for account of others, real and
pelsohai property Of every kind or descrip-
tion including particularly but not re-
strictlvely timber lands, timber. lumber Of
an kinds, principally ship fittings and
1unnage ror ships; to do a general CON
tractihg business and particularly but not
restrlctiyely to contract with reference 70
the furnishing and erecting and placing OF
9uhhage upon ships and fitting up ships
Tor cargoes.
10 purchase or otherwise acquire. hold.
own; sell, pledge and otherwise dispose of
s,Vchs, ponds and other evidences of in
deDtedness OF any other corporation. do
nestle or foreign, and issue I'm excbanga
therefor its stocks, bonds or other obliga-
lions. oo"ea-
TO engage in any other business similar
s nnv character to the foregoing and to do
which the Company may deem convenient
or advantageous in connection with or in
cldental to any Of the foregoing purposes
and powers.
ARTICLE Iv.-The capital stock of this
ttS1 a io Is hereby fixed at twenty-five
two hundred and fifty (25o) shares of tbe
par value OF one hundred ($1OOOO) dollars
per snare. The amount Of said stock NAV
re 9s,n ln oae to one hundred thousand
ARTICLE Van the powers of this cor
by Board Of four Directors. each Of
whom shall hold in his own name on tba
DOCKS or the company at least one nm
pieaged share OF stock. The Board shall |
eject from their number a President
slce-President, Secretary and n Treas
urer; and such other officers as they NAV
.hlhk proper or convenient for the carry
ing on Oh the eompany's business, and shall |
fxUvA
ana the same to confer upon one person. |
or TO dispense with any Office in their dis,
eretion. and to fix the salaries of all Of |
az nee n;r agents and employees. The Board |
OF directors shall be elected annually on
the first Monday in January. of each wear
tne nrst election to be held in the wear
aszi H. Al. such elections shall be by ballot,
annual meetings. as well as speciaI meet.
lngs OF stockholders, shall be given nv
written notice mailed at least fifteen days
IN advance OF the date Of such meeting TO
each stockholder appearing as such on the
books Of the company, at his last desi1
mated address. or at the General Delivery
at New Orleans, IL 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
pe.soh or by proxy, and q majority Of the
votes cast shall elect. The Board of Dr. |
rectors shall have power to mi ali yacan.
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
to be filed. Failure to elect directors
on the day above specified shall not dis
solve the corporation. but the directors |
then In Office. shall remain in Office until
their successors are elected. The Board
OF directors shall have power to make and |
establish, as well as alter and amend. All |
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 its |
charter. The Board shall have power. |
without referring to the stockholders, to
borrow money, execute mortgages, issue |
notes, pledges, bonds or other Obligations. |
In such amounts and on such terms as in |
their judgment may be advantag eous. and |
generally, to do all things reasonably nee
essary for the proper carrying ON Of the |
busfmness Of the corporation, and they
are specially authorized to deliver full
paid shares Of stock and bonds or other l
obligations Of the company In payment of /
property acquired by said Corporation at |
such fair valuation as in their Judgment
may be proper. A majority Of the direc-
tors shall constitute a quorum for the /
transaction of business The Board Of
Directors shall have the power, by q vote.
OF not less than three-fourths Of an direc.
tors, to sell all or any part Of the property,
movable and immovable, belonging to the