The herald. [volume] (New Orleans, La.) 1905-1953, 1922-04-13
CHARTER OF PROGRESsIVE LUM
RER CO. INC.
Mch. 30 May 4

CHARTER OF PROGRESSIVE LUM-
BIER CO., INC.
United States of America. State of Louis
lana Parish of Orleans. City of New Or
leans BE IL known, that on this twenty
fifth day of the month of March In the
year of our Lord one thousand, nine nun
bred and twenty-five. and of the ind"-
pendence of the United States of America,
the one hundred and forty-sixth. before
me. William John Hennessey, notary
uubhc duly commissioned and qualified.
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 hereunto subscribed all of the full
age of majority and residents OF the city
of New Orleans, State of Louisiana, VINO
mutually and severally declared that.
availing themselves of the provisions OF
the laws and constitution of the State of
Louisiana, relative to the organization or
corporations, and particularly the provi-
sions of Act 267 of the General Assembly
of tE.. State Of Louisiana. of 1914. ap-
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 sucE persons
as may hereafter become associated with
them, to form and constitute 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 THE name and style OF
this corporation shall be progressive
Lumber Co. Inc.", and under that name
II 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 mine years from TINS
date, unless sooner dissolved; 1t shall have
the power to contract, to sue and be SUED
in its corporate name; TO make and use
a 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 ana 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 ana
government and affairs of the corporation T,
to name and appoint such managers, Of
ficers and agents and other employees Gs
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 1t 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 aud timber.
at wholesale or retail. and to manufac.
ture sell and buy. expor. and import
lumber. sash, door, blinds. 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
ing and saw mill business. and to that
lease or suitcase all yrcperty, real and
| personal; to erect, build and purchase
wharves, piers, tramways, steamboats, and
other water crafts for the transportation
camp and warehouses. and generally TO
| do any and all acts whatsoever necessary
| for the use of the business OF the cor
roratien, incidental to- connected with, OF
relating to the aforesaid business:
| ARTICLE IV-The amount OF the capt.
! tai stock of this corporation shall be ten
| thousaid dollars (s10.0O000) payable cash
or in property or labor actually received
| by the corporation, divided into and re-
| presented by one hundred shares (1OO) oil
! the par value of one hundred dollars
| (S10OO0) 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
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 authorized
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 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.
Notice of each annual meeting shall DC
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
board of directors, which shall have the
power to adopt and amend bylaws. but
| all officers, and employees snail hold OF
| fee n: The pleasure of the board. and all
officers. directors and employees SHAH 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 each
| stakeholder or deposited in the post OF
| fee addressed to each stakeholder 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
1
of tha corporation refuse or fail to cal
| such netting when requested, by the
| holder or holders of ten per cent OF the
capital stock outstanding, then suef
holder or holders, may personally, OIL
through proxy, call such meeting to bt
held at the office of the corporation. II
for any reason the use Of the Office Of the
| corporation is refused or IL cannot con
veniently be used for such meeting, Their
the caller or callers Of sucn meeting may
acting either personally or through proxy
adjourn said meeting elsewhere and there
| hold II. :.
| = ARTICLE vI-The first board Of di
rectors shall consist Of: Charles Edward
Lee Dunn. whose post office address Is NO
40 Segufn Street. New Orleans. Louis
lana: Michael Frederick Wild. whose pos
office address Is No. 3942 Chestnut Street
New Orleans Louisiana: Edward William
$3.50 Burgundy Street, New Orleans. Louis
lana with Charles Edward Lee Dunn,
president; Michael Frederick Wild, q