The herald. [volume] (New Orleans, La.) 1905-1953, 1922-09-21
AMENDMENT TO CHARTER OF PRO
GRESSIyE LUMBER CO.. INC.

United States of America, State of
Louisiana, Parish of CLEANS, City of New
Orleans, Be il 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, a 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 Z. Wild and {. +.
Lee Dunn, Of the full age of majority and
residents of this city, herein acting IN
their capacity as vice president ana presl-
dent espectively, 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
18th. 1922 and recorded in the Mortgage
Office of this. city in Book l26S, folio Isl
acting herein under and by virtue OF
resolution of the stockholders of said PO-
gressive Lumber Co., Inc, adopted at .
meeting held at its domicile in this city,
on June Goth, 1922; 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 10Th, 1922, as afore-
| said according to law, the following
amendments to Article Nv and OF tn,
charter of said corporation were adopted
| by 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 IRON
ten thousand to fifty thousand dollars
and accordingly Article ~ was recast anC
amended. so as to read hereafter as fol
| lows, to-wit:
| ARTICLE Iy-The amount Of the CAPT
| tai stock of this corporation shall b.
fifty thousand dollars (S5O,OOO.OO) payable
cash, or in property or labor actually re
represented by five hundred $500 shares
of the par value of one hundred dollars
(SlO0OO per share.
/ Stockholders, shall in all stakeholder
meeting be entitled to one vote, In pesol
or by written proxy, for each share
send their votes by letter, the signatur
| of which must be acknowledged befor
a notary public, or other officer author
lied to take affidayits.
| And, Article of said charter was re
l cast and amended increasing the boar
of directors from three to five stock
holders and making a quorum consist o
three directors, and accordingly, Artlcl
V was recast and amended SO as to rea'
hereafter as follows, to-wit:
! ARTICLE v-The board Of directors o
this corporation shall consist OF nv
stockholders, each owning at least on
} full paid and unpledged share Of the CAPT
tai stock, to be elected annually on IN
10th day of January Of each year, an
shall hold office until their successors ar
respectively chosen and qualified. Thre
directors shall constitute quorum.
Notices Of each annual meeting sha
. 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 corporatio
shall be vested in and exercised by
. hoard of directors which shall have IN
, power to adopt and amend by laws, bt
| all officers, and employees shall hold OF
flee at the pleasure Of the board. ana a
officers, directors and employees sha
. | also hold office at the pleasure OF IN
: stockholders, who may displace or ele'
! the successor of any one, or all OF tnel
at any time, at a meeting called LOT thi
| nurDose by notice delivered personally
each stockholder or deposited in the po
Office addressed to each stakeholder
least FIVE days before such meeting. StoS
transfer book shall not be closed until u
date Of such meeting.
The president may at any time call sue
meeting, and IL the president or otflc'
of the cooperation refuse or fail to ca
= such meeting when requested, by q
: holder or holders Of ten per cent OF u
capital stock outstanding, then SUE
such holder or holdes, may personally
: through proxy. call such meeting TO
). held at the office of the corporation. !
for any reason the use OF the office or u
: corporation is refused or 1t cannot co
yeniently be used. for such meeting, th'
: the caller or callers Of such meeting, ma
= acting either personally or through pox
= adjourn said meeting elsewhere al
= there hold It,"
The whole of which will more fully a