The herald., 1919-12-04
CHARTERS.
CHARTER OF SOUTHLAND LUMBER
AND TRADING COMPANY, INC.


teen, before me, William Waller Young,
Notary Public, in and for the Parish o
Orleans, State of Louisiana, duly commits
stoned and qualified, and In the presenc
of the witnesses hereinafter named and un
dersigned, personally came and appeared
the several persons whose names are here
unto subscribed, all above the full age o
majority, who severally declared, tina
ayailing them selves of the laws of the Stat
of Louisiana, and particularly Act 261 o
1914, relative to the organization OF cor
porations, they have covenanted and agreed
to bind, form and constitute themselves
as well as all such other persons as ma!
hereafter become associated with them
into a corporation and body polite in law
for the objects and purposes and undel
the articles, agreements and stlpulauon
following, towit:
ARTICLE 1.-The name, style and title
of this corporation shall be s9uthlanG
Lumber and Trading Company, Inc, ant
under that name it shall have and enjoy
all the rights, advantages and privileges
granted by law to corporations, and shal
exist for the full term and period or nine
ty-nine years from this day. 1t shall have
power to contract, sue and be sued to
make and use a corporate SEAL and the
same to alter and break at pleasure; to
hold, receive, lease purchase, sell ana con,
yey as well as mortgage, hypothecate ana
pledge property, real, personal ana mixed,
corporal and incorporal; to name and ap-
point such managers, directors, officers,
and convenience may require, and to make
and establish, as well as alter and amend.
from time to time, such bylaws, rules and
regulations as may be necessary and ex-
pedient for the proper management and
government of the affairs of this corpora
ton.
ARTICLE 1.-THE domicile of this cor
poration is hereby fixed in the City of New
Orleans, State of Louisiana, and all cita-
lions or other legal process shall be served
upon the President of said corporation, or,
in his absence, on the Vice President or
Secretary or Treasurer.
ARTICLE III.-The objects and pur-
poses for which this corporation Is estab-
lished and the nature of the business to
be carried on by 1t are declared and specl-
fed to be to purchase, own, hoid, sell,
mortgage, lease and ALLEVIATE, receive, ac-
quire and deal in real estate, timber lands,
timber or any interests therein; to engage
in logging operations; to operate and
maintain sawmills, plants or factories
wherein wood, logs and timber are manu-
featured, altered or worked; to buy, sell
export, import or otherwise deal in all
sorts of timber and lumber products; to
construct and operate tram roads in con-
nection with and facilitate its logging OPP
erations; to own, charter and otherwise
operate steamships or sailing vessels or
other water craft; to acquire, lease, con-
storerooms and lumber yards; to buy and
sell merchandise; to carry on general
store or commissary; to conduct hotels,
boarding houses and lodging houses; to
transact all things Complementary or in
cidental to any of the aforesaid objects and
purposes.
ARTICLE IV.-The capital stock Of this
corporation is hereby fixed at the sum Of
one hundred thousand ($100 0O0.O0) dollars,
to be divided into and represented by one
thousand Q,OOO) shares Of the par value
Of one hundred ($100.00) dollars each; said
stock shall be issued only for cash and
shall be paid for at such times and in such
installments as the Board of Directors may
direct. The capital stock of this corpora
ton may be increased to the sum of one
million $1,000, 100000 dollars. In the
event the capital stock of this corporation
is increased, the stockholders then of rec
ord shall have the privilege Of subscribing
to the new stock, at its par value, in pro-
portion to the amount of stock then owned
by them. At the signing hereof the sub
scribers have subscribed to five hundred
shares of the capital stock of this corpor-
alton, and the present or future owners Of
said five hundred shares Of stock are here
by given the privilege Of purchasing the
remaining five hundred shares of the cap
ital stock Of this corporation at par in pro-
portion 10 the amount of stock owned by
them at the time of the issuance of such
stock. No stakeholder shall ever sell or
dispose Of his stock without first offering
the same to the other stockholders, through
the Board Of Directors, at its true book
value, and the stockholders are to have
the privilege Of purchasing the said stock
at its true book value in proportion to
the amount Of stock then owned by them
according to the records Of the crporation,
the said offer of sale to be made to the
stockholders through the Board Of Direc-
tors BY written communication to the
Board Of Directors.
ARTICLE v-Ail the corporate powers
Of this corporation shall be exercised by a
- af eli nj
than three nor more than four stockhold-
ers, majority of whom, either present In
person or represented by proxy held by
another director. shall constitute a quorum
for the transaction OF all business. The
Board Of Directors shall elect annually
from their number a President, a Vice
President and Secretary and Treasurer.
The Board Of Directors may join the
offices Of Secretary and Treasurer and may
elect one person to hold both offices, or
may elect a person who is not stock
holder or a member Of the Board of Di-
rectors for the office Of Secretary. The
first Board of Directors shall consist Of
four stockholders and shall be composed
Of John Lewis Dantzler Edgar Rollins
Durel. with the said John Lewis Dantsier
as President, John C. Morris as Vice Pres
ident, John w. Durel as Secretary and
Treasurer. The postoffice addresses of
Dantaier. 1920 st. Charles avenue. New Or
leans, La; Edgar Rollins du Mont 56A
st. Charles avenue, New Orleans, La. John
c. Morris, 357 Walnut street. New Orleans
La. John w. Durel, $40 Spain street, New
Orleans: La. These directors shall serve
until the third Wednesday Of October,
1920, or until their successors have been
duly elected and qualified. The annual
meeting Of stockholders for the election of
directors shall be held on the third We'd
nesday Of October of each year, unless said
day be legal holiday, and then on the
next bank day thereafter. ANY vacancy
occurring among the directors by death,
resignation or otherwise shall be filed by
election for the unexpired term by the
remaining directors. Each subscriber here
to sets after his name his postoffice ad.
dress and statement Of the number of
shares OF stock which he agrees to take
In the corporation. At all elections every
stockholder shall be entitled to one vote
for each share stock standing in his
name on the books Of the corporation. To
De cast In person or by his written PROXY
majority Of the votes cast shall elect
ARTiCLE-NI.-In the event of the lioui-
or dissolution Of this Corporation. |
rkholders shall elect three liouida-
IN among their number Mt q meet |
onvened for that purpose, after fif- |
uo) days written notice sent to each |
.tockholder BY mail to his last known adj 4
vress, SAID hquidators shall have the au-
tnority to wind up the business and AFFAIRS
Of this corporation. In case OF the death
OF Incubator, the survivors shall apnojnt
stockhoider as successor to him.
ARTICLE vII.-This charter NAV h.
modineo. changed or altered. or said cor |
porauon may De dissolved, with the assent |
entire capital stock. at a general meet;na
OF the Stockholders Convened o. .L.S us