The herald. [volume] (New Orleans, La.) 1905-1953, 1922-04-20
CHARTER OF PROGRESSIVE LUM-
BIER CO, INC.
Mch. 30 May 1

| CHARTER OF PROGRESSIVE LUM-
BIER CO., INC.
! United States of America. State of Louis
| lana. Parish Of Orleans. City of New Or
| leans BE ii known, that on this twenty
! fifth day of the month OF March in the
year of our Lord one thousand, nine hun
dred and twenty-five. and of the ind"-
pendence of the United States of America.
the one hundred and fOrty-stXth. before
me- William John Hennessey, notary
public. 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, who
mutually and severally declared that.
| availing themselves of the provisions of
| the laws and constitution of the State of
| Louisiana, relative to the organization of
corporations, and particularly the provi-
sipns of Act 267 Of the General Assembly
of the State of LCaisisna. 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
Igate themselves, as well as such persons
AS may hereafter become associated with
them. to form and constitute a 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 1.-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 for the
full term of ninety-nine years from this
date. unless sooner dissolved; ii shall have
the power to contract, to sue and be sued
IN It's corporate name; to make and use
a common seal. and alter the same at
n N 70 fU
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
hcers 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. expor. 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-
N
Ing and saw mill business. and to that
end. IL shall have power to buy and sell.
lease or suitcase all Ircrerty, real and
personal; to erect, build and purchase
wharves, 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
roration. incidental to, connected with, or
relating to the aforesaid business.
ARTICLE Iv-The amount Of the capt.
tai stock Of this corporation shall be ten
or In property or labor actually received
by the corporation, divided into and re-
presented by one hundred shares (1OO) of
the par value Of one hundred dollars
(S1OOOO) per share, which capital may be
increased to fifty thousand dollars
Stockh olders 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 a
notary public or other officer authorized
to take affidavits.
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
shall hold office until their successors are
respectively chosen and qualified.
Notice OF each annua. meeting shall be
delivered personally or deposited in the
post Office properly addressed to each
stockholders at leas. fifteen days before
such meeting.
All of the powers Of this corporation
shall be vested in and exercised by a
board of directors, which shall have the
power TO adopt and amend by laws. but
all officers, and employees snail hold Of
flee a. the pleasure of the board and all
cn1cers. directors and employees shall also
hold Office at the pleasure of the stock
holders who may displace or elect the sue
time, at meeting called for that purpose,
by notice delivered personally to each
stockholder or deposited in the post Of
nee addressed to each stakeholder at least
nve 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 IL the president or officer
VI tuu corporation re1uSe or fah to call
such netting when requested, by the
holder or holders Of ten per cent of the
capital stock outstanding, then such
holder or holders, 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 II cannot con-
yeniently be used for such meeting. then
the caller or callers of such meeting may,
acting either personally or through proxy
adjourn said meeting elsewhere and there
hold it.
ARTICLE vI-The first board of d. |
rectors shall consist Of: Charles Edward |
Lee Dunn: whose post office address is No. |
40 Seguin Street. New Orleans Lonis.
lana; Michael Frederick Wild, whose post |
onice address Is No. 3942 Chestnut Street. |
New Orleans, Louisiana; Edward William |
Suehr1ng, whose post office address is No. |
100 Burgundy Street, New Orleans. Louis
lana with Charles Edward Lee Dunn. as
PRESIDENT: Michael Frederick wild as