The Caucasian. (Shreveport, La.) 1900-192?, 1909-12-07
CHARTER
OF NEW SOUTH LAND COM
PANY.

/ Be It remembered that on this the I7Ii
day of November 1909, before me, Johr
d. Wilkinson, notary public for ant
in said Parish and State, PERSONAL,
came and appeared Wilbur A. Jones anc
George E. GiImer, residents of said Par
| isl and State, and Ed. D. Stuart, a res
ident of the City of DeQueen, Arkan'
sas, who stated and declared to me
notary, that availing themselves of tht
Constitution and laws of the State O.
Louisiana, they have formed and do by
these presents form themselves, as wei
as such others as may hereafter become
associated with them, into corporation
and body polite under the name anc
for the purposes hereinafter stated and
have adopted as their charter and act
of incorporation the following, to-wit
ARTICLE 1.
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 ii
shall have and enjoy succession for a
period of twenty-five years, unless
sooner dissolved as hereinafter pro-
videds 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 dornicile.
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 receptacies 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
lars ($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,
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,ooo.oo) dollars of said capital
is subscribed and paid for.
ARTICLE w.
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 stockholdeT
for such vacancy. Until an election is
held in January 1910 the following
stockholders shall constitute board of
directors: Wilbur A. Jones, who shall
be president; Ed. D. Stuart, who shall
be 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
and installed.
ARTICLE v.
This charter may be amended or this
corporation dissolved by vote of three
fourths of the stock at "a meeting called
for that purpose in accordance with
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.
ARTICLE VI
This corporation shall have the power
to- sue and be sued !; to own both real
and personal property; to lease, mort
gage or dispose of any of its property
as its beard of directors may determine
Ito appoint such managers, directors and
officers as their interests may require
and the same to be discharged at pleas
ure, and to make and establish such
bylaws for the proper management Of
1.-THE affairs of the corporation as maj