The herald., 1922-04-06
CHARTER OF PROGRESSIVE LUM-
CO., INC.
Aich. 30 May 4

Mch. 3O-May4
CHARTER OF PROGRESSIVE LUM-
Der d INC.
United States of America. State OF Louis
lana. Parish OF Orleans. City OF New Or
leans Re IL known. that on this twenty
9Th day of the month Of March in the
wear Of our Lord one thousand, nine nun
dred and twenty-five. and OF Inc mo
pendence of the United states or America
the one hundred and forty-sixth. before
me. william John Hennessey. a notary
pubic. duly commissioned and qualified:
in ard for the Parish of Orleans. stat" OF
Louisiana. therein residing, and In me
presence of the witnesses, hereinafter
named and Undersigned, personally came
and appeared, the persons whose names
are hereuntO subscribed. all OF the Iuii
age of majority and residents OF the City
Of New Orleans. State OF Louisiana, who
mutually and severally . declared that:
awaiting themselves of the provisions OF
the laws and constitution Of the state OF
/ Louisiana, relative to the ORGANIZATION of
corporations, and particularly the provi-
sions of Act 261 Of the General Assembly
of the State Of LCdisisna. OF 1918. APP
proved July 9th. 1914. they have cove
nanted and agreed. and do by these pres
ents contract and agree and bind and OBJ
ligate themselves, as well as such persons
as may hereafter become associated Win
them. to form and constitute a corpora
ton and body polite in law for the OBJ
jects and purposes and under the agree
ments and conditions, as follows to-wit:
ARTICLE 1.-THE name and style OF
this corporation shall be "Progresslve
Lumber Co. Inc.", and under that name
il shall have and enjoy all the rights, ad-
vantages and privileges granted by law
to corporations and shall exist Tor the
full term Of ninety-nine years irom TINS
date. unless sooner dissolved IL shall have
4 the mower to contract, to sue and be SUED
i'll its corporate name: to make and ~
a common seal, and alter the same at
-.-.I.A nrAnafE rAAl nor
sonal and mixed, by grant gift or pur--
chase; to lease. hold. and dispose or ana
to mortgage. hypothecate and pledge the
same; to appoint such officers and agents
as the business of the corporation may
require and to fix their compensations; TO
make and establish as well as to alter
and amend, from time to time, such by-
laws, rules and regulations as may De
necessary for the proper management ana
government and affairs of the corporation
TO name and appoint such managers, Of
fcers and agents and other employees as
its interest and convenience may require.
ARTICLE 1.-THE domicile of this cor
poration shall be in the City OF New
Orleans. and all citations or other legal
process shall be served upon the president.
and in his absence or inability to act up
on the vice-president. and In his absence
Of inability to act upon the treasurer. .
ARTICLE IU-Th purpose or pur-
poses. for which this corporation Is
. formed and the nature of the business 10
he carried on by IL are hereo! ueciareu
, to be the purchase and erection Of saw
and planning mills and the operation oil
same in the State Of Louisiana or else
where: to buy and sell lumber and timber
at wholesale or retail. and 10 manufac
ture. sell and buy. exror. and import
Z lumber. sash. door. tliEds. and AL open
ings, frame and finishing work. pertain
ing to buildings generally, and to pur
chase as well as sell shingles, roohlnf
2 and building material OF every descrip
ton. and to do a general lumber and pan
Q ing and saw mill business. and to tina
: end. it shall have power to buy ana sell
! lease or suitcase all property, real an'
personal; to erect. build and purchas'
Q wharyes, piers. tramways. steamboats, an'
I other water crafts for the transportatlo
i of lumber and other MATERIAL; to cree
camp and warehouses. and generaliy U
do any and all acts whatsoever necessar!
\ for the use of the business OF the cor
roration. incidental to. connected with. o
relating to the aforesaid business.
. ARTICLE IV-The amount OF the capl
tai stock of this corporation shall be tel
thousaid dollars (s1O. 100000 payable cash
y or in property or labor actually receive
! by the corporation. divided into and re
p presented by one hundred shares COOl Q
the par value of one hundred dollar
(SlOO.O0) per share, which capital may b
increased to fifty thousand dollars.
Stockholders shall. in all stockholder'
meeting. be entitled to one vote. In perso
or by written proxy, for each share G
capital stock held by them. or they ma
send their votes by letter. the signatur
1t Of which must be acknowledged before
In notary public or other onlcer authorize
to take affidavits.
,e ARTICLE V-The board of directors G
Is this corporation shall consist of thre
al stockholders. each owning at l9fst on
"a tai stock. to he elected annually on IN
10th day Of January Of each year. an
q shall hold Office until their successors al
respectively chosen and qualified.
- Nnffan of oQnh ANIMAL mp1flnR SnHll VI
delivered personally or deposited In VI
post Office properly addressed TO eac
: stockholders at least fifteen days befoI
such meeting.
All of the powers Of this corporatio
III shall be vested in and exercised by .
Dr board of directors. which SHAH nave IN
r power to adopt and amend bylaws. Dt
n all officers, and employees snail! hold o
he flee n. the pleasure Of the board. and a
~ Officers. directors and employees shah as
IN hold office at the pleasure OF the stoci
er holders who may displace or elect the SUI
to cessor Of any one, or all OF them at an
e. time. at a meeting called Cor that purpos
by notice delivered personally to eac
he stakeholder or deposited in the posi- o
ID flee addressed to each stockhoider at lea
A. 1--WE DAYS before such meeting. Stock tran
az fer book shall not be closed until the IA
M Of such meeting.
meeting. and If the president or offic'
~ Of the corporation refuse or fail to ca
~ such netting when requested. by u
II holder or holders of ten per cent OF Il
rs capital stock outstanding, then SUI
'e. holder or holders. may personally, .
On through proxy. call such meeting to
ey held at the office Of the corporation:
for any reason the use of the Office OF u
al corporation is refused or Ii cannot COZ
te vepiently be used for such meeting. the
In the caller or callers Of such meeting ma
nd acting either personally or through prox
es. adjourn said meeting ana tne
es hold II.
se, ARTICLE vI-The first board or I
Of rectors shall consist Of: Charles Edwa
~ Lee Dunn. whose post Office address Is =
40 Seguin Street. New orleans, Lou