The herald., 1922-08-17
AMENDMENT TO CHARTER OF PRO-
GRESSIVE LUMBER CO. INC.

United States Of America. State of
louisiana, Parish of CLEANS City of New
orleans, lie IT known, that on this four
teenth day of the month of August. in the
year OF our Lord one thousand, nine hum
| dred and twenty-five, and of the Indie
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
ana appeared. Michael F. Wild and G. +
Lee Dunn, of the full age of majority and
Iesidents or this city, herein acting in
dent espectively, OF the Progressive Lam
per company, Inc, duly incorporated
institution Of this state, domiciled in this
eity' created by an act passed before me,
the Undersigned notary public, on March
zotn, l922, and recorded in the MORTGAGE
once OF this city in Book 1868, folio ISL
-acting herein under and by virtue of a
nesoiutloh OF the stockholders of said Po-
gresslve Lumber Co., Inc. adopted at a
meeting held at its domicile in this citv
on June 18th, 1922; a duly certified cony
OF said stockholders meeting being here
to annexed for reference Who seyeraIiv
declared: That at said special meeting q,
lhe stockholders of said corporation
which was convened and held in this city
at ITS Office, on June Goth, 1922, as afore-
sald, according to law, the following
amendments to Article Nv and OF The
charter Of said corporation were adopted
oy 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 Nv Of said charter was recast and
amended increasing the capital stock from
zen ten thousand to fifty thousand dollars.
amended. so as to read hereafter as fol-
lows. to-wit: " "
ARTICLE 1y-The amount of the can't
t ga, STOCK OF this corporation shall be
nifty thousand dollars ESQ. 900 OO) payabIe
CASH or In property or labor actually re-
celved by the cOpoation. divided into and
represented by five hundred (5OO) shares,
Ss,o sr 90, par value Of one hundred dollars
stockholders. shall. in all stockholders
meeting be entitled to one vote in peson
OK ny written proxy. for each share of |
sap pa t, siock heid by them. or they may
sshu their votes by letter. the signature
OF winch must be acknowledged before
notary public, or other officer author
lied to take affidavits.
ana, Article of said charter was re- |
cast and amended Increasing the hoard
OF directors from three to five stock
holuers and making a quorum consist OF |
xhr ZEE directors, and accordingly. Article |
hereafter as follows, to-wit:
AehIICLE V-The board Of directors of |
thls corporation shall consist of five
fu ,Tck napd each owning at least one
IL
,ai stock, to be elected annually on the
Ioth day of January of each wear and
snail mold office until their successors are
di speeeMeiy chosen and qualified. Three
uisec.ors snail constitute a quorum
Notices Of each annual meeting shall
W teiISered personally or deposited in the
posi- onice properly addressed to each
such meeting.
All OF the powers of this corporation
S an De vested In and exercised by a
D Doaru OF directors, which shall have the
power TO adopt and amend by laws. but
: III officers. and employees shall hold Of.
n ne1; at the pleasure Of the board, and all
ohlcers, directors and EMPLOYEES shall
s stocth hod Office at the pleasure of the
me successor Of any one. or ali of them
AT any time, at a meeting called for that
purpose, by notice delivered personally To
of,;no stoekholder or deposited in the post
once addressed to each stakeholder nj
Ieast hve days before such meeting. stock
,ransfer book shall not be closed untiI the
nare OF such meeting.
m an Ht president may at any time call such
neeting' and If the president or officer
Oh the cooperation refuse or fail to cali
suIn meeting when requested. by the
holder or holders of ten per cent of the
such hol stock o. S outstanding, then such
aIS proxy call such meeting to be
neId at the office Of the corporation. If
or any reason the use Of the office of the
ronion., is refused or it cannot con-
he ely De used, for such meeting, then
ne caller or callers Of such meeting, NAV.
, LING either personally or through poxy,
'fhuJourh said meeting elsewhere and
The whole Of which will more fully an
pear Dy the annexed certified COPY of the
minutes OF said stockholders meeting.
ana the said appearers having requested
ne, notary public to put said amendments
n authentic form. 1 do by these presents
receive said amendments in the form of
ms public act, to the end that said
amendments may be recorded and pro-
nuIgated. and thus be read, Into the ,
Aforesaid original charter.
Inns done and passed In my Office. in
ne City OF New Orleans, on the day and
n the month and year first above written,