The herald., 1922-09-07
AMENDMENT To CHARTER OF PRO
GKE>SIAL II MILEk 90. INC.

AMENDMENT To CHARTER OF PRO
GRE>>INE LUMBER CO, NC.
United States OF America. State Of
Louisiana. Parish Of CLEANS, city of New
orleans, BE n known, that on this four
ternth day ot the month of August. i'll the
year of our Lord one thousand, nine hun
ar'd ana twenty-five, and OF the ludr-
pcudence of the United States of America,
tine one hundred and turty-SINth. before
mo. W ilIIam John Hcnue>scy. notary
public, duly commissioned and qualified
IN and for the Parish OF Orleans, State
OF Louisiana, therein residing, and in the
Presence OF the witnesses. hereinafter
named and Undersigned. personally came
aud appeared, Michael r. Wild ana &. T..
Lee Dunn Of the tu.l age OF majority and
Residents at this city, herein acting in
their capacity as vice president and prc>l-
dent c>pcrUNtlH, OF the Progressive l.um-
hcr Company, Inc, a duly incorporated
institution OF thi, state, domi,ilcd in this
clty, created 10y an act PASSED before me,
the Undersigned notary public, on March
-hth, ~, ana recorded in the Mortgage
Onire OF this city in Book l26S, folio INl.
acting herein under and by virtue OF a
resolution Of the stockholders of said 20
Gre~SlNc Lumber co, Inc. adopted at a
meeting held at il, domiriIc in this city.
on June 10Th, l322 Il duly certified copy
of said stockholders meeting being here
10 annexed Tor reference Who S,ScTaliy
declared: That at said special meeting OF
IN" stockholders of said corporation
which was convened and held in this city
al its Office on June 18th. 1872. a. afure-
said, according to law, the following
amendments to Article " and of the
charter of said corporation were adopted
by unanimous vote Of the stOckhuldeS,
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 rccaSt and
amended increasing the capital stock from
ten thousand To fifty thousand dollars,
and accordingly Article " was rrCast and
amended. so as 10 read hereafter As fol
lows tO-wit:
ARTICLE Iv-The amount Of the capt.
tai stock of this corporation shall be
flfty thousand dollars $50 oOOOOl payable
cash, or IN property or labor actually re
c"iyed by the CopOation divided into and
/ represented by five hundred (jOO) shares.
of the par value of one hundred dollars
t$lOOOOJ 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
notary public. or other officer author
lied to take affidayits.
And, Article V of said charter was re-
cast and amended increasing the board
Of directors from three to five stock
holders and making quorum consist of
three directors, and accordingly, Article
was recast and amended 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
full 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 quorum.
Notices Of each annual meeting shall
be delivered personally or deposited in the
post office properly addressed TO each
stockhOlder at least fifteen days before
such meeting.
All of the powers OF this corporation
shall lie 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
J 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 stakeholder 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 or
through proxy. call such meeting to be
held at the Office of the corporation. If,
| for any reason the use Of the office of the
| corporation Is refused or it 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 APP
pear by the annexed certified copy of the
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,
| receive said amendments In the form OF
| this public act, to the end that said
amendments may he recorded and pro-
mulgated. and thus be read, into the
! aforesaid original charter.
| Thus done and passed in my Office, in
the City Of New Orleans, on the day and
in the month and year first above written,
| in the presence of Felix J. PUG 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 ]. PUG, Walter G.
(ORiGINAL SIGNED
G. T.. LEE DUNN.
MICHAEL +. WILD.
| CScaD WIN. J. HENNESSEY.
Notary Public.
/ I. the undersigned Recorder of Mort
cages in and for the Parish of Orleans.
/ State of Louisiana, do hereby certify
| that the above and foregoings act OF
amendment Of the charter Of the Progress
sive Lumber Co. Inc, was this day duly
recorded in my Office. in Book No. 126S,
/ folio -.
New Orleans, August 18th. 1922.
| CSigneD ROBT. SCOTT,
| Deputy Recorder.
l certify the above and foregoing. TO
/ be a true and correct copy Of the origi-
nal eXtant in my nOtarial office.
| (SeaD WM. j. HENNESSEY,
| Notary Public.
Aug. 17-Sept. 81.