The Caucasian. (Shreveport, La.) 1900-192?, 1909-12-12
CHARTER
OF NEW SOUTH LAND COM
PANY.

day of November 1900, De1OIe HE, JOIll
D. Wilkinson, a notary public for and
in said Parish and State, personally
came and appeared Wilbur A. Jones and
George E. Gilmer, residents of said Par
ish and State, and Ed D. Stuart, res
ident of the City of DeQueen, Arkan-
sas, who stated and declared to me,
notary, that availing themselves Of the
Constitution and laws of the State OF
Louisiana, they have formed and do by |
these presents form themselves, as well
as such others as may hereafter become
associated with them, into corporation
and body polite under the name and
for the purposes hereinafter stated and
have adopted as their charter and act
of incorporation the following, to-wit
ARTICLE l.
The name and title of this corpora
ton shall be NEW SOUTH LAND
COMPANY" with its domicile at the
City of Shreveport, in the Parish OF
Caddo, and under its corporate name it
shall have and enjoy succession tor
period of twenty-five years, unless
sooner dissolved as hereinafter pro-
vided. All legal process shall be served
on its president, or in his absence on
the vice president, at the office OF the
company at its domicile.
ARTICLE II.
The purposes for which this corpora
ton is established, and the nature of the
business to be carried on by it is hereby
declared to be to buy and sell lands,
timber and lumber, to manufacture and
sell lumber, either at wholesale or re-
tail; to acquire and operate saw and
planning mills; to construct, own and
operate tram roads, logging roads and
dry kilns, and to do all things pertain
ing to the saw mill business; to conduct
a general merchandise business and to
buy, operate, cultivate, lease and sell
real estate, urban or rural, wherever
situated; to bore or drill oil or gas
wells; to construct own and operate
reservoirs or other receptacles for oil
or gas or means for oil or gas trans
portation; to buy and sell oil and to
conduct all manner of business neces-
+. sary to the carrying out of these pur-
poses.
ARTICLE III.
The capital stock of this corporation
{ is hereby fixed at fifty thousand dol
, liars ($5o,ooo.oo), divided into five hun
| bred shares of the par value of one
| hundred dollars each, and said shares OF
: stock shall be issued only for cash,
t services or property received by the
). company before the issuance of said
shares, and this corporation shall COM
mence business whenever forty thous-
and ($4o,ooooo) dollars of said capital
. is subscribed and paid for.
ARTICLE ".
The affairs of this corporation shall
be managed by a board of directors
consisting of three stockholders, who
: shall be elected annually on the first
:. Monday in January of each year at a
stockholders meeting held for that pur-
, pose after written notice to each stock
holder addressed to him at his post
= office address through the mails; any
> vacancy occurring in the board of di-
! rectors shall be filled by the remaining
directors electing another stakeholder
for such vacancy. Until an election il
y held in January 1910 the following
stockholders shall constitute board O.
directors: Wilbur A. Jones, who shall
be presidents Ed. D. Stuart, who shall
{ be vice president, and George E. Gilmer
= who shall be secretary. The board o.
! directors shall hold their offices unit
another board of directors is elected
p and installed
ARTICLE v.
This charter may be amended or this
!. corporation dissolved by vote of three.
: fourths of the stock at meeting Gale;
for that purpose in accordance will
the laws of the State of Louisiana
!, When dissolved, whether by limitation
or by act of the stockholders, its af-
fairs shall be liquidated and settled by
one liquidator selected by the stock.
holders, who shall perform such service
and have such powers relating to the
liquidation of this corporation as may
be delegated to him by the stockhold
: ers of this corporation.
0 ARTICLE VI.
:, This corporation shall have the power
l, to sue and be sued; to own both rea
and personal property; to lease, mort
a gage or dispose of any of its property
f as its board of directors may determine
to appoint such managers, directors and
officers as their interests may require
C and the same to be discharged at pleas
ure, and to make and establish such
bylaws for the proper management Of
the affairs of fha carooro+iCr &c 49,,