The herald., 1922-09-14
AMENDMENT TO CHARTER OF PRO
GRESSINE LUMBER CO., INC.

United States of America, State of
Louisiana, Parish of CLEANS, City of New
Orleans, BE it known, that on this four
teenth day of the month of August, in the
year of our Lord one thousand, nine hun
dred and twenty-five, and of the hide
pendence of the United States of America.
the one hundred and forty-siXth, before
me, William John Hennessey, notary
public, duly commissioned and qualified
in and 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, Michael 4. Wild and {. +.
Lee Dunn, of the full age of majority ana
residents of this city, herein acting in
their capacity as yice-president and presi-
dent espectiyely, of the Progressive Lum-
| Der Company, Inc, duly Incorporated
| institution of this state. dOmiciled in this
city, created by an act passed before me,
the undersigned notary public, on March
25th, 1922. and recorded in the Mortgage
Office of this city in Book 126S, folio ISL ;
acting herein under and by virtue OF
resolution of the stockholders of said PO-
| gressiye Lumber Co., Inc, adopted at a
meeting held at its domicile in this city,
on June Goth. 1922; a duly certified copy
of said stockholders meeting being here
| to annexed for reference. Who Severally
declared: That at said special meeting of
| the stockholders of said corporation
which was convened and held in this city
at its office, on June Goth, 1922, as afore-
said, according to law, the following
amendments to Article " and of the
charter of said corporation were adopted
| by a unanimous vote of the STOCKHOLDERS,
present in person at said meeting, being
all of the stockholders of said corpora
ton holding all of the stock thereof.
Article " of said charter was recast and
amended increasing the capital stock from
ten thousand to fifty thousand dollars
and accordingly Article ~ was recast and
amended. so as to read hereafter as fol
lows, to-wit:
| .DTICT L, Tho op,onnt NJ ha nj l.
tai stock of this corporation shall be
fifty thousand dollars (S50O00O0) payable
cash, or in property or labor actually re,
ceived by the eopoation, divided into and
represented by five hundred 5000 shares
of the par value Of one hundred dollars
l (S100O0) per share.
l Stockholders, shall, in all stockholdert
meeting be entitled to one vote, In pesoI
or by written proxy, for each share OF
capital stock held by them, or they may
send their votes by letter, the signatur,
7 of which must be acknowledged before
a notary public, or other officer author
lied to take affidavits.
And, Article of said charter was re
east and amended increasing the boar'
of directors from three to five stock
} holders and making a quorum consist o
three directors and accordingly, Artici
2 was recast and amended so as to reat
! hereafter as follows, to-wit:
! ARTICLE v-The board Of directors o
stockholders, each owning at least on
full paid and unpledged share of the CAPT
: tai stock, to be elected annually on tn
} 10th day of January Of each year, am
shall hold office until their successors ar
} respectively chosen and qualified. Tire
! directors shall constitute a quorum.
Notices of each annual meeting shall
be delivered personally or deposited in tn
post office properly addressed TO eac
. stakeholder at least fifteen days befOr
such meeting.
All of the powers Of this corporation
shall be vested in and exercised by
, board of directors, which shall nave IN
| power to adopt and amend by laws bu
e all officers. and employees shall hoId OF
+ fee at the pleasure of the board, and a.
/, officers directors and employees sha
also hold office at the pleasure or IN
. stockholders. who may displace or cleo
!, the successor of any one, or an OF tneI
/ at any time, at a meeting called for tina
a purpose, by notice delivered personally l
= each stakeholder or deposited in the pos
4 office addressed to each stockholder
least five days before such meeting. Stoc
transfer book shall not be closed until tn
I date Of such meeting.
a The president may at any time call sue
!. meeting, and IL the president or office
= of the cooperation refuse or fan TO ca
. such meeting when requested, by tn
: holder or holders Of ten per cent OF IN
: capital stock outstanding, then sue
such holder or holdes, may personally
n through proxy. call such meeting TO
:. held at the office Of the corporation. 1
for any reason the use of the office of tn
: CORPORATION is refused or it cannot cor
. yeniently be used. for such meeting, the
q the caller or callers of such meeting, ma!
:. acting either personally or through pox!
II adjourn said meeting elsewhere an
: there hold it."
: The whole of which will more fully al
Il pear by the annexed certified copy. OF u
n minutes Of said stockholders meeting.
e And the said appearers having re1ueste
In me, notary public, to put said amendment
= in authentic form. l do by these present
II receive said amendments in the form
= this public act, to the end that sal
n Amendments may be recorded and pr,
" mulgated, and thus be read, into Il
IS aforesaid original charter.
Thus done and passed in my ohice,
= the City of New Orleans, on the day an