The herald., 1922-08-31
AMENDMENT TO CHARTER OF PRO
GKESsINE IIMRER co. INC.

AMENDMENT TO CHARTER OF PRO
GRESSIyE LUMBER co. INC.
United States Of America. state or
Louisiana. Parish of CLEANS. city OF New
Orleans he il known. that on this four
tenth day Of the month of August, in the
year of our Lord one thousand. nine nun
drod and twenty-five, and of the indie
pcndence Of the United states or America
the uu,. hundred and forty sixth, before
me William John IIrnnrSsey, notary
public duly commissioned and qualified
ia and for the Parish of Orleans, state
Of Louisiana, therein residing ana IN the
presence of the witnesses, hereinafter
named aud uudrrsi Enod personally came
aud appeared, Michael +. Wild and G. r.
Lee Dunn. OF tn, fun age of majority anu
residents Of this city, herein acting IN
their capacity a> yicc-presdent aud prcsi-
dent cspcctively. of the Progressive llum-
her Company, Inc. duly Incorporated
Institution of this state, dOmicilrd in this
city, created 10y an act passed before me,
the undersigned notary public. on March
2Ith. l922 and recorded in the Mortgage
Onicc of this city in Book l26N, folio 1871
acting herein under and 10y virtue OF
resolution of the stockholders Of said 70
gre>sivc Lumber co. Inc. adopted at
meeting held at its dOmicic in this city.
on June 10Th. 1922, 4 duly certified copy
Of said stockholders meeting being here
To- annexed for reference Who Scvcrally
declared: That nj said special meeting of
the stockholders Of said corporation
which was convened and held in this city
at its Office on June 10th. 1922. as afore-
said, according To law. the following
amendments to Article " and of III"
charter of said corporation were adopted
by unanimous vote of the STOCKHOLDERS,
present in person at said meeting, being
all of the stockholders of said corpora
ton holding all Of the stock thereof.
Article " of said charter was r"caSt aud
amended increasing the capital stock from
ten thousand 10 fifty thousand dollars.
and accordingly Article " was recaSt and
| amended, So as TO read hereafter as fol
lows. O.Wit:
! ARTICLE IV-Thr amount Of the CAPT
| tai stock of this corporation shall be
| fifty thousand dollars Sj0OOOO0) payable
cash. or in property or labor actually re
ceived by the copoation, divided into and
/ represented by five hundred tjOOl shares,
of the par value of one hundred dollars
/ tSIO0O0) per share.
! Stockholders. shall in all stockholders
meeting be entitled to one vote, in pcson
/ or by written proxy. for each share of
capital stock held by them, or they may
| send their votes by letter. the signature
of which must be acknowledged before
/ a notary public, or other officer author
/ lied to take affidayits.
| And Article of said charter was
| east and amended increasing the board
| of directors from three to five stock
holders and making a quorum consist OF
| three directors. and accordingly, Article
! V was recast and amended so as to read
hereafter as follows tO-wit:
| ARTICLE V-The board Of directors of
| this corporation shall consist of five
! stockholders. each owning at least one
/ fun paid and unpledged share Of the capt
| tai stock. to be elected annually on the
| 10th day of January of each year and
| shall hold office until their successors are
| respectively chosen and qualified Three
| directors shall constitute a quorum.
Notices of each annual meeting shall
be delivered personally or deposited in the
post Office properly addressed to each
! stakeholder at least fifteen days before
such meeting.
| All of the powers of this corporation
shall be vested in and exercised by
| board of directors. which shall have the
power to adopt and amend by laws, but
all officers, and employees shall hold of
! flee at the pleasure of the board, and all
| officers. directors and employees shall
| also hold office at the pleasure of the
| stockholders, who may displace or elect
the successor of any one, or all OF them
| at any time. at meeting called for that
purpose. by notice delivered personally to
each stakeholder or deposited in the post
Office addressed to each stockholder at
least five days before such meeting. Stock
transfer book shall not be closed until the
date of such meeting.
The president may at any time call such
meeting, and if the president or officer
of the cooperation refuse or fail to call
. such meeting when requested, by the
holder or holders Of ten per cent OF the
capital stock outstanding, then such
such holder or holdes. may personally on
| through proxy. call such meeting to he
held at the office of the corporation. IT.
for any reason the use Of the office of the
CORPORATION is refused or 1t cannot con
veniently be used, for such meeting, then
, the caller or callers of such meeting, may
acting either personally or through pOXy,
adjourn said meeting elsewhere and
there hold it,"
The whole of which will more fully ap-
| h. xaH cd N
: minutes Of said stockholders meeting.
, And the said appearers having requested
me. notary public, to put said amendments
in authentic form. I do by these presents
this public act to the end that said
! amendments may be recorded and pro
: mulgated. and thus he read, into the
; aforesaid original charter
Thus done and passed in my ohice, III
the CITY of New Orleans. on the day and
: in the month and year first above written
, in the presence of Felix J. Puig and
Walter G. Wedig, competent witnesses
who hereuntO sign their names with the
: said appearers and me notary, after due
, reading Of the whole. .
= witnesses: Felix j. PUG, Walter q
. Wedig.
: (ORIGINAL SIGNED)
G. y. LEE DUNN.
MICHAEL +. WILD.
(ScaO VIM J. HENNESSEY,
Notary Public
T. the undersigned Recorder of Mort
q cages i'm and for the Parish of Orleans
: State of Louisiana. do hereby certify
. that the above and foregoings act o.
amendment of the charter of the Progress
Sive Lumber Co. Inc, was this day duIN
recorded in my Office, in Book No. l2oS
n folio
q New Orleans, August 18th. 1922.
CSigned) ROBT. SCOTT,
Deputy Recorder.
= certify the above and foregoing q
: be a true and correct copy Of the origi
nal cXtant in my nOtarial office.
| (SeaD WM. J. HENNESSEY.
. Notary Public
; Aug. 17-Sept 81.