The herald., 1921-04-21
CHARTER OF DONEGAS LUMBER CO,
INCORPORATED.

CHARTER OF DONEGAN LUMBER CO.,
INCORPORATED.
Ursted States of America, State of Lou
isiana, Parish of Orleans. lie 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, a notary pub
lie, duly 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
derSgned, 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 Orgaui-
cation of corporations, they have con
tracted and agreed and do by these pres
ents contract and agree and bind and
Obligate themselves as well as all such
persons as may become associated with
them to form themselves into and con
stitute Il corporation and body polite in
law for the objects and purposes and I'M
der the conditions and stipulatiOns of the
Articles following, tO-wit:
ARTICLE 1.-The name and title of this
corporation shall be Donegan 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 500 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 ut
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
said corporation may require; to make
and establish, as well as alter and amend
at pleasure, such bylaws, rules and regu-
lations for the proper management of the
affairs of said corporation as may be neces-
sary and proper.
ARTICLE 1.-THE domicile of said cor
poration shall be in New Orleans. Parish
/ of Orleans, State of Louisiana, and all eta
tiOns 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 il are hereby declared to be: to
purchase, own or otherwise acquire hold.
improve, develop, manufacture operate
maintain. repair, install and generally deal
in and with and to sell, mortgage, pied ge.
lease, hyPOthecate or otherwise ALLEVIATE
and handle for export or import or do
nestle use or consumption. for its own
account or for account of others. real and
tpersOnal property of every kind or deScrip-
ton. including particularly but not re-
strlctvely timber lands, timber, lumber of
all kinds, principally ship fittings and
dunnage for ships; to do a general con.
tracing business and particularly but not
restrictively to contract with reference to
the furnishing and erecting and placing of
dunnage 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
debtedness of any other corporation do
nestle or foreign, and issue in exchange
therefor its stocks, bonds or other obliga-
tons.
To engage in any other business similar
in character to the foregoing and to do
anything necessary, suitable or proper
which the Company may deem convenient
or advantageous in connection with or in
cidental to any of the foregoing purposes
and powers.
ARTICLE IY.-The capital stock of this
corporation is hereby fixed at twenty-five
thousand (s25. 100000 dollars represented by
two hundred and fifty (2J0) shares of the
par value of one hundred $500 OO) dollars
per share. The amount of said stock may
be increased to one hundred thousand
$500 100000 dollars.
ARTICLE YAH 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 a President,
Nice-President, a Secretary and a Treas
urer, and such other officers as they may
think proper or convenient for the carry
ing on Of the cOmpany's business, and shall
have power to unite two or more offices
and the same to confer upon one person,
or to dispense with any Office in their dis
erection, and to fix the salaries of all Of
hcers. agents and employees. The Board
Of Directors shall be elected annually on
the first Monday in January. of each year.
the first election to be held in 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
1ngs OF stockholders, shall be given by
written notice mailed at least fifteen DAYS
In advance of the date of such meeting to
each stoekholder appearing as 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
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-
rect0rs shall have power to fill 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
to be filled. 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 advantageous and
generally, to do all things reasonably nee
essary for the proper carrying on of the
business 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 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 a vote,
of not less than three-fourths of all direc-
tors to sell all or any part of the property,
movable and inmovable, belonging to the
corporation, or to receive in exchange