The herald. [volume] (New Orleans, La.) 1905-1953, 1922-08-03

State of Louisiana, Parish Of Orleans,
Be it known. that on this twenty sixth day
of June, nineteen hundred and twenty
| two, before me, Joseph Lautenschlaeger,
a notary public. in and for the Parish
| and State aforesaid. duly qualified. per
sonally came and appeared, the several per-
sons whose names are hereinafter sub
scribed, all of full age Of majority, who
declared that availing themselves OF the
laws of this state, relative to the or
ganizatiOn Of corporations, they do hereby
covenant and agree to form themselves
into a corporation for the objects and
purposes and under the following stipu-
lations. to-wit:
ARTICLE 1.-The name and title OF this
corporation shall be the Prados Lumber
Company, Inc. 1t shall enjoy corporate
existence for a term Of 90 years from date.
unless sooner dissolved. 1t shall have.
enjoy and exercise all rights. powers and
privileges granted by law. or hereafter
granted to corporations of this character
especially the right to hold. receive. pur-
chase, ALLEVIATE, sell, mortgage, pledge.
rent or lease property, real personal or
mixed. in fact anything permitted by the
law necessary and convenient for carry
ing out the objects and purposes of this
corporation.
ARTICLE 1.-THE domicile Of this cor
pOratiOn shall be in the City of New Or
leans, Louisiana, where all citations, or
other legal process, shall be served on the
president and in his absence on the vice
ARTICLE III-The objects and pur-
poses of this corporation are hereby de-
clared to be the buying and selling Of
lumber and all building material and to
do general merchandise business.
ARTICLE Iy-The capital stock of this
corporation Is hereby fixed at the sum of
fifteen thousand dollars, divided into $50
shares Of the par value of one hundred
dollars each, to be issued in the manner
and for the consideration prescribed by
lIlNN Ill cha r. l.,ll
assessable. The capital stock may be in
creased when found necessary by vote
of % of all the capital stock at a meet
ing called for that purpose.
ARTICLE V-The corporate powers Of
this corporation shall be vested in and
exercised by a board Of directors to be
composed of three stockholders two of
whom shall constitute a quorum. The
following named stockholders shall con-
stitute the first board of directors, viz:
New OrleanS La: Clarence J. Pitard
same address and Rufus II. Prados. 1923
North Yillere Street, New Orleans La
with the said Henry j. Prados, as presi-
and Rufus III. Prados. as secretary-treas-
urer, and they shall hold Office until the
second Monday Of January, 1923. or until
their successors are elected and qualify
on which date the annual election shall
take place, or as soon thereafter as pos
sible.
All stockholders meetings, including the
annual meeting for the election Of officers
aTd directors shall be preceded by writ
ten notice. delivered personally or by mail
to the last known address OF the stock
holder, Is days before such meeting. pro-
vided the stockholders shall always have
the right to waive such notice.
II any vacancy occurs on the board Of
elect a successor to fill the vacancy until
the next general election. The election
Of directors shall be by ballot, and each
stakeholder shall be entitled to one vote.
the capital stock owned by him.
ARTICLE VINO stakeholder of this
corporation shall have the right to sell or
pledge his stock. without first offering
same to the stockholders, thru the officers
of this corporation, upon allowing said
stockholders ten days to purchase same,
at book value. or receive same in pledge.
as may be desired by the owner Of said
stock; no transfer of stock shall be bind
ing upon this corporation unless actually
made on the books of the corporation. in
the manner required by law.
ARTICLE vII-The charter Of this cor
poration may be modified or altered, or
the corporation may be dissolved; the
capital increased or decreased. or liaui-
dated in the manner as Is now or may
hereafter be prescribed by law.
Thus done and passed. at New Orleans.
La, on the date first before written, in
presence of Emanuel L. Well and Jack
Hawley, competent witnesses, residing in
this Parish. who hereunto sign their
names with said appearers and me, No.
tary.
Original Signed):
Henry ]. Prados, % shares: Clarence
j. Pitard, 1 share; Rufus H. Prados. 2
shares.
Witnesses: Emanuel L. We'll. Jack
Hawley.
JOS. ADMINISTRATORS.
Notary Public.
/, the undersigned, Recorder of Mort
cages, in and for the Parish Of Orleans.
State of Louisiana, do hereby certify that
the above and foregoing Act Of Incorpora-
ton of the "Prados Lumber Co, Inc"
was this day duly recorded in my office,
n Book 1858, Folio $50.
New Orleans, June 20. 1922.
(Signed) ROBERT SCOTT,
Deputy Recorder Of Mortgages.
true copy of the original.
JOS. LAUTENSCHLAEGER,
Notary Public.
July 13-Aug. IL.