The herald. [volume] (New Orleans, La.) 1905-1953, 1918-12-26
CHARTER OF wooD-SILVA LUMBER
AND EXPORT COMPANY, IN
CORPORATED.


5Oth, 1918 before me, Edward Rightor a No
tary Public, duly COMM ssioned and quail
lied. in and Tor the Parish and State afore
SAID therein residing, and in the pres
euce OF the witnesses hereinafter named and
undcrs gned, personally came and appeared:
the persons whose names are hereuutO sub
scrlbed, all OF the full age Of majority and
residents OF this city, who Severally de-
cIared that, availing themselves OF the pro-
visions OF Act No. 267 Of the General As
sembly OF Louisiana Of 1914, they do, by
these presents, covenant and agree and bind
themselves. as well as such other persons
as may become hereafter associated with
them, IN order 20 @orm and constitute cor
pOratIon or body polite in law, for the OBJ
JectS and purposes and under the stipulatons
following:
ARTICLE 1.-The name and title Of this
corporation shall be: Wood-Siva Lumber and
Export Company, incorporated, Of New Or.
leans, La, and under that name il shall
have and enjoy all the rights, privileges and
advantages granted by law to corporations,
and shall have the power and authority 10
ENJOY succession and corporate existence for
and during the period of ninety -nIue years
from the date hereof, unless sooner dissolved
in the manner hereinafter provided for Said
corporation shall have power and authority
! To contract; 10 sue and be sued; TO make
and use a corporate seal and the same to
| break, alter or amend al pleasure; 10 hold,
receive, purchase, convey, deliver, mortgage,
hypothccate and pledge any property, real or
| personal, and TO issue notes and other Oblga-
| tons. negotiable instruments other evil
| dences Of debt; TO have and employ such
managers, agents and other employees as the
| interest and convenience of said corpora
| ton may require or demand, and to make
| and establish such bylaws, rules and regu-
! lationS for the corporate management and
sary and expedient
ARTICLE 1.-The domicie of this cor
poration shall be in the city OF New Or
leans, Parish of Orleans, State of
I laHNsE
legal process shall be served on the
President, or in the event Of his absence,
upon the Nice-Presideut or in the event Of
the absence OF both of said officials, upon
the Secretary Treasurer.
ARTICLE lII.-The objects and purposes
for which this corporation is formed and the
nature of the business to be carried on by
It are hereby declared to be: To buy and
sell, either at wholesale retail or as
owners thereof commission, and TO ex-
port or import, lumber logs and building
materials; to buy and sell timber lands; and
generally to do all things necessary and
proper pertaining or incident to such bust
ness. Said corporation shall have power
to conduct business in the State Of Louis
lana, in the United States and its territories
and possessions, and in foreign countries
ARTICLE IV.-The capital stock of this
corporation is hereby fixed at the sum of
twenty Thousand CS200QOO Dollars, di-
vlded into and represented by two hundred
(SOOl shares OF the par value Of One Hundred
(SlOoOO) Dollars each. The capital stock
OF this corporation may be increased from
time to time, to a sum not to exceed Fifty
thousand (S5O,O0O0) Dollars on two
thirds vote of the stockholders. Such stock
shall be full paid and worcestershire. All
stock of this corporation, provided for here
in or that which may hereafter be issued.
snail be valid only If signed by the Presi
dent and counte- signed by the Secretary
treasurer; All transfers of stock shall be
valid and binding only when made on the
books of the corporation. Before any stock
holder shall sell dispose of his stock
IN the corporation, he shall give thirty DAYS
written notice of his intention SO to do to
the corporation, during which thirty days
the corporation itself shall have the right
OF purchasing the stock at its book value
This corporation shall begin business as
soon as Ten Thousand ($l0,OO0OO Dollars
OF the capital stock has been subscribed as
provided for in Section 2, Act 267 OF the
General Assembly of the State of Louisiana
| for the year 1914.
| ARTICLE V-All the corporate nowrrs
OF this corporation shall be vested in and
exercised by Board of Directors, TO be
composed of three stockholders, each of
whom shall own in his own right at least
Oh H.. lad lad u.4r.eGsei share of the
| capital stock, two members Of whom shall
constitute quorum for the transaction of
business. The annual meeting of the stock
holders shall be held on the Second Mon
| day OF January, of each year, or the first
working day thereafter. The first election
| ioi uIcCtOIs under THIS charter shall be had
by ballot, at the annual meeting of the
| Stockholders, 10 be held on the Second Mon.
DAY OF January, 1920, and annually there
| AFTER. Notice of such meeting, in writing,
addressed to his her last known post
office address, at least fifteen DAYS before
| the date OF such meeting. At all such cleo
lions and at all meetings of the stockholders,
every stakeholder shall be entitled to one
vote for each share of stock standing in his
| name on the books of the corporation at the
| date OF such election or meeting; said votes
may De cast IN person or by proxy, the
| SAID proxy to be in writing and a maiofitv
| OF votes cast shall elect All meetings az
| stockholders and directors shall be held at
| the domicile of the corporation, unless all
the directors shall in writing consent other.
wise The failure 10 elect directors at the
| annual meeting shall not. dissolve this cor.
poration nor impair its management in any
way, but the directors then in office shall
remain in office until their successors are
elected and qualified. The board Of direc-
tors at their first meeting following each
election shall elect from their number a
President, Vice President and a Secretary.
treasurer. and the board shall have the
power to NIX the salaries of such officers and
occurring in the board Of directors NAV be
hlled until the next ensuing meeting OF the
stoekhoiders by the remaining directors or
Special meetings Of the stockholders NAV
be called by the Board at any time, and
shall be called at the instance Of the sba-e-
holders holding twenty five per cent of the
stock of the corporation, and of all such
meetings, notice shall be given in the man
ner provided for herein Until the meet.
ing Of the stockholders for election of direc-
tors TO be held under this charter on the
. Second Monday Of January 1920, or until
, their duly qualified successors are elected
, and installed, the Board Of Directors shall
be composed Of: John p. Briant, No 1904
/ lanai Street; Emile de S. Silva, 1888 Napoleon
. Ave, and John w. Wood, Route No q
. Station b, all of New Orleans, La; with the
, said John ?. Briant, as President; John w
Wood as Vice-President and Emile de s
Silva as Secretary Treasurer
ARTICLE VI--This act of INCORPORATION
may be modified, changed or altered or this
I corporation may be dissolved, or the capital
. may be increased in accordance with law
J at meeting Of the stockholders called for
the purpose, after notice shall have been
gwen in writing 10 each stakeholder, deliver
ed to him personally, or mailed by -egis-
tered letter to him at the postoffce address
designated by him, at least fifteen Os) DAYS
prior to The date Of meeting.
! ARTICLE VII.-No stakeholder shall ever
be held liable or responsible for the con.
tracts. faults or debts Of said corporation, in
any further sum than the unpaid balance due
the corporation on the shares Of stock owned
by him. nor shall any mere informality in
organization have the effect Of rendering
this charter null or Of exposing stockholder
to any liability beyond the unpaid amount
NJ Inn 1taS