The herald. [volume] (New Orleans, La.) 1905-1953, 1919-01-09
CHARTER OF WooD-SILVA LUMBER
AND EXPORT COMPANY, IN
CORPORATED,

rant, Parish OF Orleans, City OF New Or
leans. Be it known, that on this November
5Jth, 1918, before me, Edward Rightor, d No
tary Public, duly COMM ssioned and quail
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
scrlbed, all OF the full age Of majority and
residents OF this city, who severally de-
clared that, availipg themselves of the pro-
visions OF Act No. POI OF the General As
sembly of Louisiana of 1914 thes do, by
these presents, covenant and agree and bind
themselves, well as 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
lects and purposes and under the stipulations
following:
ARTICLE 1.-The name and title of this
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-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 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 obliqa-
tlons, 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 regr1-
latons tor the corporate management and
sary and expedient.
ARTICLE 1.-THE domicile OF this cor
poratlon shall be in the city of New Or
leans, Parish of Orleans, State OF
legal process shall be served on the
President, or in the event of his absence
upon the Vice President, or in the event of
the absence of both of said officials, upon
the Secretary Treasurer.
ARTICLE lII.-Ihe objects and purposes
for which this corporation is formed and the
nature OF the business to be carried on bv
1t are hereby declared to be: To buy and
sell either at wholesale or retail or as
owners thereof or on commission, and 10 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 Iomis.
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
-, iAOdSdHu lSZUuuUJ) Dollars, d.
v vid into and represented by two hundred
(zCOl shares of the par value of One Hundred
SSlO0CO Dollars each. The capital stock
OF TINS corporation may be increased, from
TTIne 10 time, to sum not to exceed Fifty
i. thousand F?OOo0M Dollars on a two
thirds vote >of the stockholders. Such stock
shali be full paid and worcestershire. All
STOCK OF TINS corporation, provided for here
IA 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 he
wand and binding only when made on the
DOCKS 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 Of purchasing the stock at its book value
inns corporation shall begin business as
soon as Ten Thousand ($lO,OCOOO) Dollars
| OF the capital stock has been subscribed as
provided Tor in Section 2, Act 267 of the
General Assembly of the State of Louisiana
| for the year 1914
| ARTICLE N-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 leas,
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 frs;
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
shall 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
tlons 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 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 al
| the domlcile 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.
a11s az their tlTst meeting following eacf
| election shall elect from their number a
President, Vice President and a 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 NAV be
| filled until the next ensuing meeting OF the
| stockholders by the remaining directors OF
| director, whether quorum remain or not
| Special meetings of the stoc khoders NAV
be called by the Board at any time, anc
snail be called at the instance of the share
! 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 tn,
| Second Monday of January 1920 or unit
their duly qualified successors are elected
and installed, the Board of Directors shall
be composed Of: John P. Briant No. $50
| 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 ?. Briant, as President; John w
| Wood as Nice-President and Emile de s
Silva as Secretary Treasurer
| ARTICLE NI-This act of incorporation
may be. modified, changed or altered or thi
| corporation may be dissolved or the capita
may be increased in accordance with law
at a meeting Of the stockholders called 70
| the purpose. after notice shall have beer
4 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 C9 day
| PRIOR to the date Of meeting
| ARTICLE Vino stockholder shall eve
| be held liable responsible for the con
| tracts, faults or debts Of said corporation, il
any further sum than the unpaid balance du
the corporation the shares of stock owne,
by him. nor shall any mere informality il
organization have the effect of renderin
this charter null or of exposing stockholde