The herald., 1922-04-27
Mch. 80 May 1
CHARTER OF PROGRESSIVE LUM-
BER CO., INC.

CHARTER OF PROGRESSIVE LUM-
BER CO, INC.
United States of America. State of Louis
lama Parish of Orleans. City of New Or
leans BE il known, that on this twenty
fifth day of the month of March In the
wear of. our Lord one thousand, nine hun-
dred and twenty-five, and of the 'nd"-
pendence of the United States Of America,
the one hundred and forty-siXth. before
me. William John HenncSSey, a notary
public, duly commissioned anc GGautied
in ard for the Parish of Orleans. state Of
Louisiana therein residing, and in the
presence of the witnesses. hereinafter
named and undersigned. personally came
and appeared, the persons whose names
are herruntO subscribed. all of the tull
age of majority and residents of the City
of New Orleans, State of Louisiana. who
mutually and Seyerally declared that.
avaiing themselves of the provisions of
the laws and constitution of the State of
Louisiana. relative to the organization Of
corporations, and Particularly the pr0vi-
Sipns of Act 26I of the General Assembly
of the State Of Louisiana. of 1914. ap-
proved July 9th 1914. they have cove
nanted and agreed. and do by these pres
cnt> contract and agree and bind and oh
ligate themselves. as well as such persons
a. may hereafter become associated with
them. to form and constitute a corpora
tion and body polite in law for the OBJ
jectS and purposes and under the agree
mentS and conditions, as follows to-wit: :
ARTICLE The name and style of
this corporation shall be Progressive
Lumber Co. Inc, and under that name
il shall have and enjoy all the rights, ad
yantageS and privileges granted by law
to corporations and shall exist for the
full term of ninety-nine years from TINS
date. unless sooner dissolved; il shall have
the power to contract, TO sue and be sued
ia its corporate name; to make and use
common seal. and alter the same at
pleasure; to acquire property, real. per
Sonal and mixed. by grant gift or pur-
chase; to lease. hold. and dispose of and
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 be
necessary for the proper management and
government and affairs of the corporation :;
TO name and appoint such managers, Of
ficers 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 III-The purpose or pur-
poses. for which this corporation is
formed and the nature of the business to
be carried on by it are hereby declared
to be the purchase and erection of saw
and planning mills and the operation of
same in the State of Louisiana or else.
where: to buy and sell lumber and timber
at wholesale or retail, and to manufac-
ture. sell and buy. eNrOr. and import
lumber. sash. door. tliEds. and all open
ings, frame and finishing work, pertain
ing to buildings generally, and to pur-
chase as well as sell shingles, roofing
and building material of every descrip-
tion. and to do a general lumber and plan
n: and saw mill business and to that
end it'shall have power to buy and sell.
lease or suitcase all property, real and
personal; to erect, build and purchase
wharycS. piers. tramwayS. steamboats, and
other water crafts for the transportation
of lumber and other material; to erect
camp and warehouses, and generally to
do any and all acts whatsoever necessary
for the use of the business of the cor
Toration, incidental to. connected with, or
relating to the aforesaid business.
ARTICLE 1V-The amount of the capi-
tai stock of this corporation shall be ten
thOusaid dollars (S1O0OOOO) payable cash,
or in property or labor actually received
by the corporation, divided into and re-
presented by one hundred shares (100) OF
the par value of one hundred dollars
(S1OOOO per share, which capital may be
increased to fifty thousand dollars.
Stockholders shall. in all stockholders
meeting, be entitled to one vote, in person
or by written proxy, for each share of
send their votes by letter. the signature
of which must be acknowledged before q
notary public or other officer authorized
to take affdavits.
ARTICLE v-The board of directors of
this corporation shall consist of three
stockholders. each owning at least one
full paid and unpledged share of the capi-
tai stock, to be elected annually on the
10th day of January of each year. and
shall hold office until their SUCCESSORS are
rpSDpCtiXplV chosen nd
Notice of each annual. meeting shall be
delivered personally or deposited in the
post Office properly addressed to each
stockholders at least fifteen days before
such meeting.
All of the powers of this corporation
shall be vested in and exercised by g
board of directors, which shall have the
power TO adopt and amend bylaws. but
all officers, and employees snail hold of
flee a the pleasure of the board. and all
Officers. directors and employees shall also
hold Office at the pleasure of the stock
holders who may displace or elect the sue
cessor of any one or all of them at any
time. at a meeting called for that purpose
by notice delivered personally to eact
stockholder or deposited in the post Of
fee addressed to each stockholder at least
five days before such meeting. Stock trans
fer 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 tha corporation refuse or fail to cal
such netting when requested, by th'
holder or holders Of ten per cent of th'
capital stock outstanding, then sucf
holder or holders, may personally, ol
through proxy. call such meeting to b,
held at the office of the corporation. i
for any reason the use of the office Of th'
corporation is refused or it cannot con
veniently be used for such meeting. ther
the caller or callers of such meeting may
acting either personally or through proxy
adjourn said meeting elsewhere and ther,
hold IL.
ARTICLE VI-The first board of di
rectors shall consist of: Charles Edward
Lee Dunn, whose post office address is No
429 Seguin Street, New Orleans, Louis
lana; Michael Frederick Wild, whose pos
office address Is No. 3942 Chestnut Street
New Orleans, Louisiana; Edward william
Suehring, whose post office address is No
$3.50 Burgundy Street, New Orleans, Louis
lana; with Charles Edward Lee Dunn, a:
president; Michael Frederick Wild n,