The herald. [volume] (New Orleans, La.) 1905-1953, 1918-12-19
CHARTER
CHARTER OF wooD-SILvA LUMBER
AND EXPORT COMPANY, IN
CORPORATED.

7 :,
fled in and for the Parish and State afore
said, therein residing, and in the pres
ence of the witnesses hereinafter named and
undersigned, personally came and appeared:
the persons whose names are hereuntO sub
ScrIbed, all of the full age Of majority and
residents of this city, who severaly de.
clared 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, well such other persons
as may become hereafter associated with
them, in order TO FORM and constitute a cor
pOration or body polite in law, for the OBJ.
jects and purposes and under the stipulations
ARTICLE 1.-The name and title of th
corporation shall be: Wood Silva Lumber and
Export Company, Incorporated, of New Or
leans, La, and under that name it shall
have and enjoy all the rights, privileges and
advantages granted by law to corporations,
and shall have the power and authority to
ENJOY succession and corporate existence for
and during the period of ninety-nne years
from the date hereof, unless sooner dissolved
IN the manner hereinafter provided for. Said
corporation shall have power and authority
TO contract; TO sue and be sued; 10 make
and corporate seal. and the same to
break, alter or amend at pleasure; to hold,
receive, purchase, convey, deliver mortgage.
hypothecate and pledge any property, real or
personal, and to issue notes and other obliga-
tons. negotiable instruments or 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
control of its affairs may be deemed neces-
sary and expedient.
ARTICLE 1.-The domicile of this cor
pOration shall be in the city of New Or
leans, Parish OF Orleans, State Of
Louisiana. and all citations and other
legal process shall be served on the
President, or in the event of his absence
upon the ice-President, or in the event Of
the absence OF both of said officials, upon
the Secretary. Treasurer.
ARTICLE III.-The objects and purposes
for which this corporation is formed and the
it are hereby declared to be: To buy and
sell, either at wholesale or retail or as
owners thereof or on 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 (S2QlaOO) Dollars, di-
yIded into and represented by two hundred
(AOO shares OF the par value of One Hundred
CslOOOO) Dollars each. The capital stock
OF this corporation may be increased, from
thousand (S50,OOO0) Dollars on a two
thirds vote of the stockholders. Such stock
shall be full paid and worcestershire All
stock OF this corporation, provided for here
shall be valid only if signed by the Presi.
dent and counter-signed by the Secretary
treasurer. All transfers of stock shall be
valid and binding only when made on the
holder shall sell or dispose of his stock
in the corporation, ne shall give thirty DAYS
written notice of his intention SO TO do 10
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 (sl0OOOOO 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 powers
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
one full paid and unpledged 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
election
for directors under this charter shall be had.
by ballot, at the annual meeting of the
stockholders, to be held on the Second Mon
day OF January, 1920, and annually there
after Notice OF such meeting, in writing,
snail be given TO each stakeholder by mail,
addressed to his or her last known post.
office address, at least fifteen DAYS before
the date of such meeting. At all such cleo
tions and at all meetings of the stockholders,
every stakeholder shall be entitled 10 one
Share NJ 4
name on the books of the corporation al the
Date OF such election or meeting; said votes
may be cast in person or by proxy, the
SAID proxy to be in writing, and a majofity
stockholders and directors shall be held AZ
the dopicile of the corporation, unless all
the directors shall in writing consent other
wise. The failure to elect directors at the
annual meeting shall not dissolve this cor
poraton 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 Secretary.
treasurer, and the board shall have the
power to fix the salaries of such Officers and
agents as they deem necessary. Vacancies
occurring in the board of directors may be
filied until the next ensuing meeting of the
stockholders by the remaining directors or
director, whether a quorum remain or not
Special meetings of the stockholders NAV
De called by the Board at any time and
shall be called at the instance of the share
holders holding twenty five per cent of the
stock o. 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
Canal Street; Emile de S Silva, 2553 Napoleon
Ave, and John w. Wood, Route No. 2.
Station B, all of New Orleans, La; with the
said John P. 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
corporation may be dissolved, or the capital
may be increased in accordance with law,
at meeting of the stockholders called for
the purpose, after notice shall have been
given in writing to each stakeholder, deliver
ed to him personally, or mailed by regis
tered letter to him at the postoffice address
designated by him, at least fifteen Q5) days
prior to the date Of meeting.
ARTICLE VII.-No stockholder shall ever
be held liable or responsible for the con-
tracts, faults debts Of said corporation, in
any further sum than the unpaid balance due
the corporation on the shares of stock owned
by him. shall any mere informality in
organization have the effect of rendering
this charter null or of exposing stakeholder
to any liability beyond the unpaid amount
remaining due on his stock
ARTICLE NlII.-The stockholders have