The herald. [volume] (New Orleans, La.) 1905-1953, 1922-04-20
CHARTER OF
PONTCHARTRAIN TIMBER COM
PANY INC

CHARTER OF
PONTCHARTRAIN TIMBER COM
PANY, INC.
United States OF America, State o.
Louisiana, Parish of Orleans, City o.
New Orleans. BE it known that on thi,
twenty ninth (29th) day of the month %
March, in the year of our Lord, on,
thousand nine hundred and twenty-five
and of the Independence of the United
States Of America, the one hundred anC
forty sixth, before me, FELIX JOSEPH
PUG, a Notary Public, duly commits
stoned and qualified in and for thesParisi
of Orleans, State Of Louisiana, ShereiI
residing, and in the presence of the wit
nesses hereinafter named and undersigned
personally came and appeared George S
Balmer, whose postoffice address is AZ,
lana; Robert NJ. Townsend, whose post
office address is $50 Bordeaux Street
New Orleans, Louisiana, and Lawrenc,
c. Daigre, whose postoffice address i,
2130 Jena Street, New Orleans, Louisiana
all being above the full age of majority
who declared that, availing themselSe,
OF the provisions of the laws and OF III.
Constitution of the State of Louisiana
relative to the organization of corpora
tons, they have contracted and agreed
and do by these presents contract and
agree and bind themselves, as we'll as
ptTsoHs DttOHt
associated with them, to form and con-
stitute corporation and body polite in
law for the objects and purposes and
under the agreements and conditions fell
lowing, to-wit:
ARTICLE l. The name or this cor
poration shall be PQNTCHARTRAIN
TIMBER COMPANY, INC, and 1t shall
after its name use the word "incorpor-
ated," or its abbreviation, "inc.," and
under this name 1t shall have the power
and authority Of corporate existence ana
continue for period Of ninety nine
years from the date hereof. and shall
have and exercise, for the purpose of the
business to be carried on by 1t, all the
powers conferred by law on similar cor
porations, including the power to make
and use a corporate seal, the same to
break or change at pleasure; to con-
tract, sue and be sued in its corporate
name; to own, hold, receive, purchase,
ALLEVIATE, lien, convey, mortgage, hypOth-
ecate, pledge or otherwise cucumber
property, both real and personal, in the
United States and in any and all foreign
or other places; to name and appoint
such officers, managers, directors, agents
and employees as Ii deems necessary;
to establish branches in all parts of the
world and to confer upon the company's
agents or representatives thereat such
powers as to the Board Of Directors may
seem necessary or advisable; to adopt
and establish such bylaws, rules and
regulations as may be necessary and
proper, and the same to amend, alter
and abolish at pleasure, and generally
to do and perform all such acts as may
be proper and necessary to carry out
and execute the purposes Of this cor
poration.
ARTICLE III. The domicile Of this
corporation shall be in the City of New
Orleans, State of Louisiana, and citation
and all legal process shall be served
upon the President; and, in his absence
or inability to act, upon the viceP resi-
dent; and in his absence or inability to
act. upon the Secretary Treasurer.
ARTICLE III The objects and pur-
poses for which this corporation is
organized and the general nature of the
business to be conducted by it are here
by declared to be: To manufacture, buy
and sell, and deal In any and all kinds
and classes of timber. lumber. slaves
and other forest products; to import and
export all kinds of timber lumber and
other forest products; to buy and sell
roofing and building materials of every
kind; to charter ships and other yes
sells; to buy and sell timber lands Of
all kinds; to erect the necessary saw
mills, planning mills, trans and railways
TO market same; to manufacture. buy,
sell and deal In all kinds of wooden
boxes, handles, crates and other wooden
articles, and generally to do any and all
acts whatsoever necessary for the use OF
the business of the corporation, incidental
to. connected with, or relating to the
aforesaid business.
ARTICLE ". The amount of the
capital stock of this corporation shall
be Six Thousand Dollars $4,000 OO), pay
able cash or In property or labor act
ually received by the corporation, divided
into and represented by sixty (6O) sSs,res
~ h.
lars SlOooo) per share. which c ftaI
stock may be increased to
The subscription Of George s. Balmer
to twenty (20) shares of the capital
stock of this corporation consistk in
whole Of good will conveyed to the cor
poration, fully described in an act of sale
by the said George s. Balmer to this
corporation, passed before the under
signed Notary on this day, which said
good will is appraised by the directors
OF this corporation at the sum of Two
Thousand Dollars (S2OO0.0OOO).
stockholders shall. in all stockholders
meetings, be entitled to one vote, in per-
son or by written proxy, for each share
OF capital stock held by them, or they
nature or which must be acknowledged
before a Notary Public or other officer
authorized to take affidavits.
ARTICLE V. All Of the powers of
this corporation shall be vested In and
exercised by Board Of Directors 20 be
composed OF three stockholders, to be
eiected annually, on the. third Monday
or January of each year, majority OF
whom shall constitute a quorum for the
transaction Of all business. and A ma
lority OF votes cast shall decide all cues
lions. Notice of the holding of such
elections and Of all other meetings Of
the stockholders shall be given by de-
posting in the United States postoffce
IN New Orleans, Louisiana, not more
han fifteen and not less than three DAYS
prior to the date OF said meeting, n no.
Ice OF the holding thereof. enclosed in
post paid wrapper. addressed to each
'tockholder at the last address furnished
o the company by said stakeholder. and
n the event no address he furnished.
hen simply New Orleans. La" At san
election and at all other meetings of
the voting shall be by
'aliot. and each stakeholder shall be
'ntitled TO one vote for each share of
tock standing In his name on the books
Il the company, to be cast either in per
on or by proxy. The majority of all |
JOCK actually voted shall decide all |
uestions except as otherwise provided |
y law or by this charter. The Board |
I Directors shall, after each annual
lection, elect from their own number a