The herald., 1918-12-12
CHARTER OF wooD-sILvA LUMBER
AND EXPORT COMPANY, IN
cORPORATED.

United States OF America. stare OF LUIS
liant. Parish of Orleans, City OF New Or
Lens Re il known, that on this, November
;Oth 1918, before me, Edward RIghtor, NO
AIRY Public, duly commi ssioned and quali-
fled. in and for the Parish and State afore-
said. therein residing. and IN the pres,
ence of the witnesses hereinafter named ana
undersigned. personally came and appeared:
the persons whose names are hereunto sub,
scribed, all Of the full age OF majority ana
residents Of this city, who severaliy de-
elared that, availing themselves OF me pro
visions of Act No. 2o7 Of the General AS
sembly Of Louisiana of 1914, they do, by
these presents, covenant and agree and bind
themselves as well such otner persons
as may become hereafter associated with
them, in order to form and constitute cor
poration or body polite in law, for the OBJ
iects and purposes and under the stipulations
following:
ARTICLE 1.-The name and title OF this
corporation shall be: WoodSilva Lumber and
Export Company, Incorporated, OF New Or.
leans, La, and under that name II snail
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 Tor
and during the period OF ninety-nine 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; TO make
and use a 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-
ations for the corporate management and
control Of its affairs as may be deemed neces-
sary and eNpedient.
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, in the event of his absence,
the absence of both of said officials, upon
the Secretary Treasurer.
ARTICLE IIL-The objects and purposes
for which this corporation is formed and the
nature Of the business to be carried on by
il 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 GS20n4O0) Dollars, di-
vided into and represented by two hundred
600 shares OF the par value of One Hundred
$4,000 Dollars each. The capital stock
of this corporation may be increased, from
time to time, to a sum not 10 exceed Fifty
Thousand (S5o,0O000) 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
in or that which may hereafter be issued.
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 the
| books of the corporation. Before any stock
holder shall sell or dispose of his stock
| in the corporation, he 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 (Sl0,OO0.O0) Dollars
| of the capital stock has been subscribed as
provided for in Section ?, 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 a 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
| Tor 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.
shall be given to each stakeholder by mail,
addressed to his or her last known post
| office address, at least fifteen days before
me date OF such meeting. AT all such cleo
tons and at all meetings of the stockholders.
| every stakeholder shall be entitled to one
vote tor 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 be cast. in person or BY proxy. the
said proxy to be in writing, and a maiofitv
OF votes cast shall elect. All meetings OF
| stockholders and directors shall be held AT
the domicile of the corporation, unless ali
.ne directors shall IN writing consent other
| wise. The failure to elect directors at the
annual meeting shall not dissolve this cor.
| porauon nor impair its management in any
way, but the directors then in office shall
remain in office until their successors are
| eleeted and qualified. The board of direc.
tors at their first meeting following each
| 6eeuon shall elect from their number a
resident, Vice-President and Secretary.
areasurer, and the board shall have the
| ar...-lhN the sdiarles OF such officers and
e.. as they deem necessary. Vacancies
9SxSu,ring IN the board Of directors NAV he
iIed until the next ensuing meeting az ,bs
ss.ockhoiders by the remaining d;rectors ~
$1,000 whether quorum remain or NOT
meetings OF the Stockholders NAV
Sdied oy the Board at anv time snd
naI DC called at the instance Of the sbar.'
noiuers holding twenty five per cent az ~
oek OF the corporation, and Of ali s,,ch
mee'ngs. notice shall be given in the man
PROVIDED Tor herein. Until the meet.
,ns s .. me STOCKHOLDERS for election Of direc.
sors 70 be held under this charter n, -,
, Second Monday of January. I9so ~ On .nS
their duly qualified SUCCESSORS ~. VI unit
ana installed, the Board of Directors shall
Ce composed OF: John P. Briant M sSn
eanai Street; Emile de s. Silva. 2s5, Nsnoiso.
ave. and John w. Wood Route N
station Il. all Of New Orleans. Ia. with ~,
SAID John p Briant. as President. Iohn ",
Wood as Vice-President and Emile de- {
silva as Secretary Treasurer
ARTICLE VI-This act Of ;nco,no,..;..
may be modified. changed or altered ~ ~.
corporation may be dissolved, or TIE r,n;,.
may be increased in accordance with Ia,
at meeting Of the stockholders caIled g.,
the purpose, after notice shall have her
gwen IN writing to each stockholder d.i;vsr
Cd to him personally. or mailed bv reg;s.
tered letter to him at the postoffice add.ss,
designated by him, at least fifteen rS Ssss
prior to the date of meeting. N' 1a''
ARTICLE vino stockholder shall .v.,
DC held liable or responsible for the CON.
tracts faults or debts of said corporation. II
any further sum than the unpaid balance du,
| the corporation on the shares Of stock ownst
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