The herald., 1922-04-27
CHARTER.

lowing, to-wit:
| ARTICLE |. The name or this cor
poration shall be PoNTCHAtIRAIN
/ TIMER COMPANY, INC, and it shall
after its name use the word "incorppF-
! atod." or its abbreviation, inc and
under this name it shall have the power
/ and authority Of corporate existence ANA
| continue for a period of ninrty-nne
years from the date hereof and shall
! have and exercise, for the purpose OF the
/ business to be carried on by 1t, all the
/ powers conferred by law Oh similar cor.
Z poratiouS. including the power TO make
J and use corporate seal, the same L"
/ break or change at pleasure; 10 con
! tract, sue and be sued in its corporate
/ name: to own. hold, receive, purchaS''.
! ALLEVIATE. lien. convey. mortgage, hyp0th-
J ccatp pledge or otherwise cncumb"r
! pr0perty, both real and personal, IN the
/ United States and in any and all foreign
| or other places; to name ana appoint
/ such officers, managers, directors, agents
| and employees as it deems necessary I,
/ 10 establish branches in all parts of the
/ world and 10 confer upon the company :
/ agents or representatives, thcreat such
! powers aS to the Board of Directors may
! seem necessary or advisable; to adopt
1 and establish such bylaws, rules and
/ regulations rs may be necessary and
| proper. and the same 10 amend. alter
! and abolish at pleasure. and generally
to do and perform all such acts as may
] he proper anu i'Nt~NilN W '"AA = '''N
and execute the purposes of this cor
pOration.
ARTICLE H. The domIcilc of this
corporation shall be in the City of New
Orleans State Of Louisiana and citation
and all legal process shall he served
upon the President; and, in his absence
or inability to act. upon the Nic"-PreSI-
dent: and in his absence or inability TO
act upon the Sccretary-TrcaSurcr
ARTICLE III The objects and pur-
poses for which this corporation l.
Organized and the general nature Of the
business To be conducted by il are here
by declared to be: To manufacture, buy
and sell. and deal in any and all kinds
and claSJs 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, planning 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 whatSOevc necessary for the use OF
the business of the corporation. incidental
10. connected with, or relating to the
aforesaid business.
ARTICLE ". The amount Of the
capital stock of this corporation shall
be Six Thousand Dollars (SGOOOOO). pay
able cash or in property or labor act
ually received 10y the corporation. divided
into and represented by sixty 600 shares
of the par value of One Hundred Dol
lars (Sl0oO0) per share, which capital
stock may be increased to
The subscription Of George S. Balmer
to twenty (2W shares of the capital
stock of this corporation consists in
whole Of good will conveyed to the. cor
I g 10
by the said George s. Balmer to this
corporation. passed before the under
signed Notary on this day, which said
good will is appraised by the directors
Of this corporation at the sum Of Two
Thousand Dollars (S2.O0O0O00).
Stockholders shall. i'm all stockholders
meetings. be entitled to one vote. in per
son or by written proxy. for each share
of capital stock held by them, or they
may send their votes by letter, the sig
nature Of which must be acknowledged
before n Notary Public or other officer
authorized 10 take afidavits.
ARTICLE V. All of the powers of
this corporation shall be vested in and
exercised by a Board of Directors to be
composed of three stockholders to be
elected annually, on the third Monday
of January Of each year, a majority of
whom shall constitute a quorum for the
transaction of all business and ma
jority of votes east shall decide all Ques-
tiOns Notice of the holding of such
elections and of all other meetings of
posting in the United States pOstOffice
in New Orleans, Louisiana. not more |
than fifteen and not less than three days |
prior TO the date of said meeting, a no |
tice of the holding thereof, enclosed in !
post paid wrapper, addressed to each |
stakeholder at the las. address furnished |
to the company by said stakeholder. and !
in the event no address ne furnished, !
then simply New Orleans. La" At said !
election and at all other meetings of
stockholders the voting shall be by |
ballot. and each stakeholder shall be !
entitled 10 one vote for each share of
stock standing in his name on the books !
of the company, to be cast either in per- |
son or by proxy. The majority of all
stock actually voted shall decide all |
questions except as otherwise provided |,
by law or by this charter. The Board |
of Directors shall. after each annual |
election, elect from their own number a
President and a Nice-PreSident, and |
shall also elect a Secretary Trea surer. |
who may or may not be a member OF
the board of stockholders, and the board |
shall have the right TO fill, for the un |
expired term. any vacancy occurring !
among the directors or officers by resig |
nation or otherwise. The board may also |
treasurers as it may desire, who may or
may not be stockholders.
The board may delegate all or any of
its powers in the transaction of the bus
mess of the corporation to a committee !
or committees of their own body or to |
the officers and agents of this corpor- /
alton, and may from time to time ap- /
point such clerks, agents or other EN- |
ployees, comforting upon such committee |
or committees and such clerks, agents |
and other employees such powers and |
authority as it may deem necessary and !
proper for the purposes and business of !
this corporation; but all such clerks, /
agents and other employees cannot be |
employed for a longer period than by |
the month, unless the contract of en- |
ployment be in writing and be specially |
authorized by resolution of the Board of |
Directors.
The board shall have the power to
adopt bylaws for the government of the |
corporation, and to alter, amend or |
abolish the same az pleasure.
All notices provided by this charter |
or bylaws, to be given to the stock |
holders or directors, may be waived, eX- |
cept where expressly prohibited by law. |
The failure to hold an annual election |
or to elect officers as herein provided |
shall not dissolve the corporation, but |
the directors and or officers then in office |
shall remain in office until their sue |
cessOrs shall have been elected and duly |
qualified.
The first Board of Directors shall con |
SiSt of George 5. Balmer, whose address |
is 436 South Scott Street, New Orleans