The herald. [volume] (New Orleans, La.) 1905-1953, 1922-05-04
CHARTER.

III DIR N'lhi ~ 49, 49, - 5000
after it, name use the word 'lneoTlrr-
ated" or its aubrevlat!Ou. inc. and
under this name II shall have the power
and authority Of corporate eNlsteh'e ""'
continue for a period Of ninety nlH-
wears from the date hereof. and >Aal.
have and exercise for the purpose Of the
business 70 be carried on 10y II. all the
powers conferred 10y law on similar cor
pOratiuuS. including the power 10 mas"
and Use corporate seal. the same %
break or change IL pleasure; 70 con-
tract, sue and be sued in it, corporate
name: to own, hold. receive. pureha>'.
ALLEVIATE. lien. convey. mortgage. h}NoiA-
t,.are. pledge Of otherwise enclMI'F
property both real and personal. In thu
United States and in any and all foreign
or other places: 10 name and appoint
such officers. managers, directors, agents
/ and employees as II deems necessary .
10 establish branches in all parts OF tn
world and 10 confer upon the company :
AGENTS or representatives th'reat such
powers a. 10 the Board Of Directors may
seem necessary or advisable 10 adopt
and establish such bylaws. rules ana
regulations a. may be necessary and
proper. and the same TO amend. alter
and abolish At pleasure. and generally
10 do and perform all such acts a. may
be proper and necessary 10 carry out
and execute the purposes Of this cor
pOration.
ARTICLE II. The comIciIe Of this
CORPORATION shall lie in the City OF New
Orleans. state Of Louisiana. and citation
and all legal process shall lie served
upon the President; and, in his absence
or inability TO act. upon the Nice-Presi-
dent: and in his absence or inability 10
act. upon the Secretary-Treasurer.
ARTICLE III The objects and pur-
poses for which this corporation is
organized and the general nature Of the
business 10 be conducted 10y il are here
by declared 10 be: To manufacture. buy
and sell. and deal in any and all kinds
and classes Of timber. lumber. slaves
and other forest products: TO import and
export all kinds Of timber. lumber and
other forest products; 10 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: 10 erect the necessary saw
mills, planning mills. trans and railways
To market same: 10 manufacture. buy,
sell and deal in all kinds of wooden
boxes handles. crates and other wooden
articles and generally 10 do any and all
acts Whatsoever necessary for the use OF
the business of the corporation. incidental
10. connected with. or relating 10 the
aforesaid business.
capital stock of this corporation shall
be Six Thousand Dollars ts6OOo.oOl, pay
able cash or in property or labor act
ually received by the corporation. divided
into and represented by sixty t60) shares
Of the par value OF one Hundred Dol
lars $4,000 per share. which capital
stock may be increased 10
The subscription Of George s. Balmer
10 twenty (20) shares Of the capital
stock Of this corporation consists in
whole Of good will conveyed 10 the cor
pOration, fully described in an act Of sale
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 (s2.000.00O0).
Stockholders shall. in all stockholders
meetings, be entitled 10 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 a Notary Public or other officer
authorized TO take affidavits.
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, majority OF
whom shall constitute a quorum for the
transaction OF all business and a ma
jority of votes cast shall decide all ques-
tons. Notice Of the holding of such
elections and Of all other meetings of
the stockholders shall be given by de-
in New Orleans. Louisiana. not more
than fifteen and not less than three days
prior 10 the date Of said meeting. a no
tice Of the holding thereof, enclosed in
post paid wrapper. addressed 10 each
stakeholder at the las. address furnished
to the company by said stockholder. and
in the event no address he furnished.
then simply New Orleans La" At sara
election and at all other meetings of
stockholders the voting shall be by
Ann1 ~
entitled TO 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 Vice-President. and
shall also elect Secretary-Treasurer.
who may or may not be a member OF
the board of stockholders. and the board
shall have the right 10 fill. for the IN
expired term, any vacancy occurring
among the directors or officers by resig-
nation Or otherwise. The board may also
appoint as many assistant secretaries
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 q 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 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 a. 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 10 elect officers as herein provided
shall not dissolve the corporation, but
the directors and Ter 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 s. Balmer. whose address
is 436 South Scott Street, New Orleans.
La; Robert NJ. Townsend, whose address
is SO Bordeaux Street, New Orleans, La.
Lawrence C. Daigre, whose address is
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