The herald. [volume] (New Orleans, La.) 1905-1953, 1922-05-04
OF PROGRESSIVE LUM-
BIER CO, INC.
MARY Q. PESCUD.
NIch. 80 May 1

! tHAkIEh of fhoORtSSINE Ii VI
BIER CO, INC.
! United States of America State of Louis
/ lana. Parish of Orleans. City of New Or
| leans BE il known, that on this twenty
! fifth day of the month of March in th'
| year of our Lord one thousand, nine hun
| dred and twenty-five. and of the ind"
! pendenCe of the United States Of America
| the one hundred and fOrty-siXth. befor,
me. William John HenneSSey, a notary
public. duly commissioned and qualified
in AVID 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. the persons whose name,
are hereuntO subscribed. all of the full
age of majority and residents of the City
of New Orleans. State of Louisiana, who
mutually and seyerally declared that
availng them selves of the provisions OF
the laws and constitution of the State OF
Louisiana. relative to the organization of
corporations. and particularly the provi-
SipnS of Act 261 of the General Assem- l :
of the 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 and OBJ
ligate themselves. as well as such persons
as may hereafter become associated with
them. to form and constitute a corpora
ton and body polite in law for the OBJ
Jects and purposes and under the agree
mentS and conditions. as follows to-wit
ARTICLE THE name and style of
this corporation shall be Progressive
Lumber Co.. Inc, and under that name
II shall have and enjoy all the rights. ad-
vantageS and privileges granted by law
TO corporations and shall exist for the
full term of ninety-nine years from this
date unless sooner dissolved: il shall have
the power TO contract, to sue and be sued
ia lis corporate name; to make and use
a 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 and
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 conversations; TO
make and establish as well as to alter
and amend, from time to time such by
laws, rules and regulations as may be
necessary for the proper management and
government and affairs of the corporation ::
10 name and appoint such managers of
hcers and agents and other employees as
ITS interest and convenience may require
ARTICLE 1.-THE domicile of this cor
poration shall be in the City of New
orleans, and all citations or other legal
process shall be served upon the president
and in his absence or inability to act up
on the vice-president. and in his absence
OF lnahiIity to act upon the treasurer.
ARTICLE III-The purpose or pur-
poses, for which this corporation is
formed and the nature of the business to
ne carried on by it 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 retail. and TO manufac-
lure. sell and bug. eNpOrt and import
irMIer, sash, door. tliEds. and all open
lngs, frame and finishing work. pertain
ing TO buildings generally, and to pur-
chase as we'll as sell shingles, roofing
and building material of every descrip-
non. and to do general lumber and plan
IN
end. IL shall have power to buy and sell
lease or suitcase all property, real and
personal; to erect, build and purchase
piers, tramways. steamboats, and
other water crafts for the transportation
or lumber and other material: to erect
camp and warehouses. and generally to
DO any and all acts whatsoever necessary
for the use of the business of the cor
roration, incidental to. connected with. or
relating to the aforesaid business
ARTICLE IV-The amount of the can't
tai stock Of this corporation shall be ten
thousaid dollars (S100O00 0) PAYABLE cash.
or IN property or labor actually received
by the corporation, divided into and re-
presented by one hundred shares (1OO) OF
me q par value of one hundred dollars
(SlOO.0O) per share, which capital NAV be
increased to fifty thousand dollars.
Stock~olders shall. in all stockholders
meeting. be entitled to one vote, in person
Or by. written proxy, for each share of
capital stock held by them. or they NAV
send their votes by letter. the signature
d which must be acknowledged before a
notary public or other officer authorized
70 take affidavits.
, ARTICLE V-The board Of directors of
mis- corporation shall consist of three
stockholders. each owning at least one>
ul paid and unpledged share Of the capt.
al stock. to be elected annually on the
Ivtn DAY or January of each year, and
snail hold office until their successors are
respectively chosen and qualified.
, Notice OF each annua, meeting shall be
lelvered personally or deposited in the
at least fifteen days before |
such meeting.
All of the powers Of this corporation
'hall be vested in and exercised by a |
BOARD OF directors. which shall have the |
'ower to adopt and amend bylaws. but |
III oficers, and employees snail holl of |
ice a. the pleasure of the board, and all |
'Hicers. directors and employees shall also |
ioi1 Office at the pleasure of the stock |
folders who may displace or elect the sue |
essOr of any one. or all of them at any
line. at meeting called for that purpose |
~ notice delivered personally to each |
tockholder or deposited in the post Of |
zee addressed to each stakeholder at least /
I've days before such meeting. Stock trans
er book shall not be closed until the date
II such meeting.
The president may at any time call such |
Meeting, and If the president or officer
uch netting when requested. by the
lolder or holders of ten per cent of the
apltal stock outstanding. then such
,oider or holders. may personally. or
hrough proxy, call such meeting TO be
eld at the office of the corporation. II
or any reason the use Of the office of the
corporation is refused or IL cannot con-
eniently be used for such meeting. then
ne caller or callers of such meeting NAV.
ctlng either personally or through proxy.
djourn said meatinp aIsewbara "a 49,
old IL. mn" '"e'e
ARTICLE VIAThe first board Of d.
ectors shall consist Of: Charles Edward
zee Dunn: whose post Office address is No.
- Seguin Street. New Orleans, Louis-
ina; Michael Frederick Wild, whose post
NICE address Is No. 3942 Chestnut Street.
ew orleans. Louisiana: Edward William
uehring, whose post office address is No.
ioO Burgundy Street New Orleans. Louis
ma with Charles Edward Lee Dunn. as
RESIDENT; Michael Frederick Wild, as
ce-president and secretary; and Edward
VIlliam SuehrinR. as treasurer WIN shaiI