The herald., 1922-04-13
CHARTER OF
PONTCHARTRAIN TIMBER COM
PANY INC

|
New Orleans. BE it known that on this
| twenty ninth (29th) day of the month Of
| March, in the year of our Lord, one
thousand nine hundred and twenty two,
| and of the Independence of the United
States Of America, the one hundred and
| forty sixth, before me. FELIX JOSEPH
| PUG, n Notary Public, duly commits
| stoned and qualified in and for the Parish
| of Orleans, State of Louisiana, therein
| residing, and in the presence of the Wit
| nesses hereinafter named and undersigned,
personally came and appeared George S.
| Balmer, whose pOstoffice address is 430
South Scott Street, New Orleans, Louis
| lana; Robert NJ. Townsend, whose post
| office address is $50 Bordeaux Street,
New Orleans, Louisiana, and Lawrence
[. Daigre, whose postofice address is
2130 Jena Street, New Orleans, Louisiana,
| all being above the full age of majority,
who declared that, availing themselves
OF the provisions of the laws and OF the
Constitution of the State of Louisiana
relative to the organization of corpora
tions, they have contracted and agreed.
and do by these presents contract and
agree and bind themselves, as well as
such persons as may hereafter become
associated with them, to form and con-
stitute a corporation and body polite in
law for the objects and purposes and
under the agreements and conditions fell
lowing, to-wit:
ARTICLE l. The name OF this cor
poration shall be PONTCHARTRAIN
TIMBER COMPANY, INC, and 1t shall
after its name use the word ''incorpor-
ated," or its Authorization, "inc," and
under this name it shall have the power
and authority Of corporate existence ana
continue for period of ninety mine
years from the date hereof, and shall
have and exercise, for the purpose of the
business to be carried on by it, all the
powers conferred by law on similar cor
porations, including the power to make
and use corporate seal, the same to
break or change at pleasure; to con-
tract, sue and be sued in its corporate
name; to own, hold, receive, purchase,
ALLEVIATE, lien, convey, mortgage, hypoth-
ecate, pledge or otherwise cucumber
property, both real and personal, in the
United States and in any and all foreign
or other places; to name and appoint
such officers, managers, directors, agents
and employees as 1t deems necessary;
to establish branches in all parts of the
world and to confer upon the companys
agents or representatives thereat such
powers as to the Board of Directors may
seem necessary or advisable; to adopt
and establish such bylaws, rules and
regulations as may be necessary and
proper, and the same to amend. alter
and abolish at pleasure, and generally
to do and perform all such acts as may
be proper and necessary to carry out
and execute the purposes of this cor
poration.
ARTICLE II. The domicile Of this
corporation shall be in the City of New
Orleans, State of Louisiana, and citation
and all legal process shall be served
upon the President; and, in his absence
or inability to act. upon the Vice-Presi-
dent; and In his absence or inability to
act. upon the Secretary Treasurer.
ARTICLE III The objects and pur-
poses for which this corporation is
OrQauizad ha 90
business to be conducted by it are here
by declared to be: To manufacture, buy
and sell, and deal in any and all kinds
and classes of timber, lumber, slaves
and other forest products; to import and
export all kinds Of timber, lumber and
other forest products; to buy and sell
roofing and building materials of every
kind; to charter ships and other YES
sells; to buy and sell timber lands of
all kinds; to erect the necessary saw
mills, planing-mills, trans and railways
to market same; to manufacture, buy, |
sell and deal in all kinds Of wooden
boxes, handles, crates and other wooden |
articles, and generally to do any and all |
acts whatsoever necessary for the use of |
the business Of the corporation, incidental |
TO, connected with, or relating to the
aforesaid business.
capital stock Of this corporation shall
be Six Thousand Dollars (s6.OOOOO), pay.
able cash or In property or labor act
uaily received by the corporation, divided
into and represented by sixty (6O) shares
or the par value Of One Hundred Dol
stock may be increased to
The subscription of George s. Balmer
to twenty (20 shares Of the capital
STOCK or this corporation consists in
whole OF good will conveyed to the cor
poration, fully described in an act of sale
by the said George s. Balmer to this
corporation. passed before the under
signed Notary on this day, which said
good viii is appraised by the directors
of this corporation at the sum of Two
Thousand Dollars (s2,OOo.00OO).
stockholders shall. in all stockholders
meetings, be entitled to one vote, in per-
son or by written proxy, for each sbare
OF capital stock held by them, or they
may send their votes by letter, the sig
nature or which must be acknowledge
before Notary Public or other officer
authorized to take affdavits.
ARTICLE v. All Of the powers Of
TINS corporation shall be vested in and
composed of three stockholders. To he
eiected annually, on the third Monday
OF January Of each year, a majority Of
wnom shall constitute a quorum for the
transaction Of all business, and a ma
;,orI.y o, votes cast shall decide all ques-
elections and Of all other meetings of
tne stockholders shall be given by de-
posting In the United States postofice
IN New Orleans, Louisiana, NOT mora
than fifteen and not less than threa dars
prior to the date Of said meeting. n no
tice OF the holding thereof, enclosed in
posi- PAID wrapper, addressed to each
stockholder at the last address furnished
20 the company by said stakeholder. and
IN the event no address he furnished.
tnen simply New Orleans La" At san
e,eeapn ana at all other meetings of
stockhoiders the voting shall he nv
ballot, and each stakeholder shall be
emitted to one vote for each share Of
stock standing In his name on the books
OF the company, to be cast either I'm per-
son or by proxy. The majority Of all
stock actually voted shall decide All
luesuons except as otherwise provided
~ law or by this charter. The Board ,
lection, elect from their own number a
resident and a vice-President. and