The herald. [volume] (New Orleans, La.) 1905-1953, 1922-03-30
Nch. 80 May 4
CHARTER OF PROGRESSIVE LUM-
RER CO. NC.
MARY q. PESCUD,

CHARTER OF PROGRESSIVE LUM- /
Der CO., INC.
United STATES of America State Of Louis /
lana Parish of Orleans. city OF New pr- /
leans BE il known. that on this twenty
fifth day of the month Of March IN the 4
year Of our Lord one thousand, nine Aun-
bred and twenty two. and of the mo
pendence of the United States OF America
the one hundred and forty-siXth before
me William John Hennessey. notary
public duly commissioned anc quallfled
i'm ard for the Parish of Orleans. State or
louisiana therein residing, and In inc
presence of the witnesses. hereinafter
named and undersigned. personally came
and appeared, the persons whose lanes
are hereunto subscribed. all of the 1nIl
age Of majority and residents OF the tlty
of New Orleans, State OF LOUISIANA VINO
mutually and severally declared that;
araiIing themselves of the provisions OF
the laws and constitution of the State OF
Louisiana. relative to the organization OF
corporations, and particularly the Prov
sions Of Act 261 of the General Assembly,
of III. State OF Louisiana. of 1914. ap-
proved July 9th. 1914. they have cove
nanted and agreed. and do by these pres
ents contract and agree and BIND ana Cd
ligate themselves, as well as such persons
as may hereafter become associated win
them to form and constitute corpora
ton and body polite in law for the Cd
jects and purposes and under the agree
ments and conditions, as follows to-Wlt;
ARTICLE line name anu elNN VI
this corporation shall be progressive
Lumber Co, Inc, and under that name
l IL shall have and enjoy all the rights, ad-
vantages and privileges granted Dy Ia"
/ to corporations and shall exist Tor tne
/ full term of ninety nine years from thls
date unless sooner dissolved; ii shall have
1.-THE power TO contract TO sue ana De sueu
/ ill its corporate name; to make ana Use
common seal and alter the same AT
! pleasure; to acquire property. real, per-
| sonal and mixed. by grant gift or pur-
| chase: TO lease. hold, and dispose OF ana
/ 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 compensatlons; 10
| make and establish as well as TO after
/ and amend, from time to time such Dy-
| laws, rules and regulations as may De
necessary for the proper management ana
government and affairs of the corporation :
to name and appoint such managers. or
ficers and agents and other employees as
its interest and convenience may require
ARTICLE 1.-THE d6micile of this cor
poration shall be in the City Of New
Orleans. and all citations or other iegal
process shall be served upon the president
and in his absence or inability 10 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 10
he carried on by 1t 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 :etail. and TO manufac.
ture. sell and buy. exror- 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, rooning
and building material Of every descrip-
, ton. and to do a general lumber and plan
: in,, and saw mill business. and 10 that
! hall hox-a m
lease or suitcase all yrcperty. real and
personal: to erect, build and purchase
wharves. piers, tramways. steamboats, anu
other water crafts for the transportation
Z of lumber and other material; TO erec'
3 camp and warehouses. and generally &c
, do any and all acts whatsoever necessary
J for the use Of the business OF the cor
roration. incidental to- connected wlth' oi
! relating TO the aforesaid business.
al ARTICLE IV-The amount of the capi
! tai stock Of this corporation shall be ter
{ thousaid dollars (s100O00O) payable cash
! or in property or labor actually received
by the corporation. divided into and re
/, presented by one hundred shares QOOl o.
! the par value of one hundred dollars
] (S1OO.O0) per share, which capital may b'
I increased to fifty thousand dollars.
Stockholders SHALL in all stockholders
e meeting. he entitled to one vote, in person
d or by written proxy. for each snare o
= capital stock held by them, or they ma!
4 send their votes by letter. the signatur
n OF which must be acknowledged before
notary public or other officer authorizes
e to take affidavits.
5 ARTICLE v-The board of directors o
II this corporation shall consist of thre
r stockholders. each owning at least on
A full paid and unpledged share Of the CAPT
q tai stock. to be elected annually on Tn
!, 10th day of January of each year. an
;, shall hold office until their successors ar
: respectively chosen and qualified.
!. Notice of each annua. meeting shall b
= = delivered personally or deposited in tn
- post offi.e properly addressed TO eac
stockholders at least fifteen days befor
:, such meeting
|, All of the powers Of this corporatio
IT shall be vested in and exercised by
= board of directors. which shall have IN
l. power to adopt and amend bylaws. pu
lie all officers. and employees snail hold O.
y flee a: the pleasure of the board. and a
N Officers. directors and employees shall ais
ar hold office at the pleasure OF the stoci
10 holders who may displace or elect the sue
e. cessor Of any one. or all Of them at an
q time. at a meeting called for that purpos
he by notice delivered personally to eac
d stakeholder deposited in the post o
a fee addressed to each stakeholder at Leaf
~ five DAYS before such meeting. Stock trani
I'M fer book shall not be closed until the da'
~ of such meeting.
~ The president may at any time call sue
- meeting. and IL the president or offic'
- Of tha corporation refuse or fail TO ca
lI such netting when requested. by q
rs holder or holders of ten per cent OF u
g capital STOCK OutstanulnS. thth SUI
On holder or holders. may personally.
ey through proxy. call such meeting to
held at the office Of the corporation.
al for any reason the use of the Office OF q
tie CORPORATION is refused or IL cannot col
in yeniently be used fop such meeting, tbs
nd the caller or callers of such meeting ma
IS acting either personally or through prox
es adjourn said meeting elsewhere and the
et hold il.
OF ARTICLE vI-The first board of Z
" rectors shall consist of: Charles Edwal
Lee Dunn. whose post office address Is
"A 40 Seguin Street. New Orleans, Lou
os lana: Michael Frederick Wild. whose 20
=. office address is No. 3942 Chestnut Stree
- New Orleans Louisiana: Edward Villa
Suehring whose post office address Is \
$3.50 Burgundy Street, New Orleans. Loui
lana: with Charles Edward Lee Dunn,
president: Michael Frederick Wild.
vice-president and secretary: and Edwa
William Suehring. as treasurer. who shi
hold office until the 10th day OF Januai
1929 snd until their successors are elect
and qualified, or replaced as provided
ty. Article V.
les ARTICLE vII-The names and post
f. flee address of the subscribers OF tht
nat articles of incorporation, and sta
m | ment Of the number of shares OF ste
w. which each agrees to take In the corpo
10. ton are: Charles Edward Lee Dunn,
To- siding at No. 425 Seguin Street. New !
aes leans, Louisiana, forty i4o) snar