The Caucasian. (Shreveport, La.) 1900-192?, 1909-12-05
CHARTER
OF NEW SOUTH LAND COM
PANY


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 I.
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 for a
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
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 receptac1es 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
lis hereby fixed at fifty thousand dol
lars ($5o,ooooo), divided into FIVE hun
dred shares of the par va1ue of one
hundred dollars each, and said shares of
stock shall be issued only for cash,
services or property received by the
company before the issuance of said
shares, and this corporation shall COM
nsence business whenever forty thous-
and ($4o,ooo.oo) 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
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 is
held in January 1910 the following |
stockholders shall constitute a board of
directors: Wilbur A. Jones, who shall
be president; Ed. D. Stuart, who shall |
De vice president, and George E. Gilmer,
who shall be secretary. The board of
directors shall hold their Offices until
another board of directors is elected
md installed.
ARTICLE V.
This charter may be amended or this
dissolved by vote of three
.ourths of the stock at a meeting called
Tor that purpose in accordance with
80 avs Vi Liz 0ldlC Vi IOu1SfdIld. l
Nhen dissolved, whether by limitation
If by act of the stockholders, its af-
airs shall be liquidated and settled by |
me liquidator selected by the stock
olders, who shall perform such service
nd have such powers relating to the
quidation of this corporation as may
e delegated to him by the stockhold-.I
rs of this corporation.
ARTICLE VI.
This corporation shall have the power
. sue and be sued; to own both real
nd personal property; to lease, mort
age or dispose of any of its property
its board of directors may determine +
appoint such managers, directors and e
Ulcers as their interests may require, y
nd the same to be discharged at pleas l.
re- and to make and establish such 9
y-laws for the proper management of P
lie affairs of the corporation as may G
necessary and proper II
ARTTCIF VT