The herald. [volume] (New Orleans, La.) 1905-1953, 1919-12-11
CHARTERS.
CHARTER OF SOUTHLAND LUMBER
AND TRADING COMPANY, INC.

tean before me, William Waller Young,
Notary Public, in and for the PARISH o
Orleans, State of Louisiana, duly coIhllils
stoned and qualified, and in the presenc
of the witnesses hereinafter named ana uh
dersigned, personally came ana appeare'
the several persons whose names are mere
unto subscribed, all above the run age o
majority who severally declared, ina
ayaiIing them selves of the laws OF the stat
of Louisiana and particularly ACT soi
1914 relative to the organization OF cor
porations, they have coyenanted anu ,ssives
as we'll as all such other persons as ma!
hereafter become associated with them
into n corporation and body polite in law
for the objects and purposes ana unoe,
the articles, agreements and stipulation
following, towit:
ARTICLE 1.-The name, style and titlt
of this corporation shall be S0uthlanC
Lumber and Trading Company, Inc, ane
under that name it shall have and ENJOY
all the rights, advantages ana prlVnegeS
granted by law to corporations, ana snal
exist for the full term ana peTtoah al n have
mower to contract, sue and be sued to
make and use a corporate seal ana tne
same to alter and break at Pleasure u
hold, receive, lease purchase, sen anu eu ,,,
yey. as we'll as mortgage, hypothecate ana
pledge property, real, personal ana mixed
corporal and Incorporate; to name ana ap
point such managers, directors, oHlcers ),
agents and other employees us It's ih'Vic
and convenience may require, and to make
and establish, as well as alter ana amend.
from time to time, such bylaws, ruleS anu
regulations as may be necessary ana eN-
Incident for the proper management ana
Government of the affairs of this corpora
ton.
ARTICLE 1.-THE domicile of this cor
noration is hereby fixed in the City of New
Orleans, State of Louisiana, and all clta,
tions or other legal process shall be served
upon the President of said corporation. OF,
in his absence, on the wee freslueht VI
Secretary or Treasurer.
ARTICLE III.-The objects and pur-
moses for which this corporation is estab-
iished, and the nature of the business 10
be carried on by it are declared ana spec,i-
fed to be to purchase, own hoiu' sell
mortpagp lease and ALLEVIATE, receive, ac-
nuire and deal in real estate. timber lands,
timber or any interests therein; TO engage
in logging operations; to operate anu
maintain sawmills, plants or faetorles
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 10
construct and operate tram roads IN con-
nection with and facilitate its logging OPP
arations. to own, charter and otherwise
operate steamships or sailing vessels or
other water craft; to acquire, lease, con
struct and operate warehouses;, sheus,
storerooms and lumber yards; to buy and
sell merchandise; to carry on general
store or couinissary; to conduct hotels,
boarding houses and lodging houses TO
act as agents, and generally to do ana
transact all things Complementary or IN
cideptal to any of the aforesaid objects and
purposes
ARTICLE Iv.-The capital stock of this
cornoration is hereby fixed at the sum or
one hundred thousand ($1OO,OOO.OO) dollars,
TO be divided into and represented Dy one
thousand Q,OOO shares OF the par 'alu is
of one hundred (S100.O0) dollars each; said
stock shall be issued only for cash ana
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 hve hundred
shares of the capital stock OF this corpor.
atfon and the present or future owners or
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 to the amount of stock owned by
chem 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 it's 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 y.-All,the corporate powers
of this corporation shall be exercised by
Board of Directors consisting of not less
than three nor more than four stockhold-
ers, a majority of whom, either present In
person or represented by proxy held by
another director, shall constitute quorum
for the transaction of all business The
Board of Directors shall elect annually
from their number a President, Vice
President and a Secretary and Treasurer.
The Board of Directors may join the
offices of Secretary and Treasures and may
elect one person to hold both offices, or
may elect a person who is not a stock
holder or 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
du Mont, John c. Morris and John W.
Durel, with the said John Lewis Dantzler
as President, John c. Morris as Vice Pres
ident, John w. Duel as Secretary and
Treasurer. The pOstoffice addresses of
said directors are as follows: John Lewis
Dantzler, 1920 st. Charles avenue New Or
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
AGng among the directors by death,
ton or otherwise shall be filed by
for the uneXpired term by the
ming directors. Each subscriber here
sets after his name his postoffice adj
aress and statement of the number of
shares Of stock which he agrees to take
In the corporation. At all elections every
stakeholder shall be entitled to one vote
FOR each share stock standing in his
name on the books of the corporation tn
be cast In person or by his written proxy.
A majority of the votes cast shall elect
ARTICLE Win the event of the lioui-
dation or dissolution of this corporation
the stockholders shall elect three liouida
tors from among their number at a meet
Ing convened for that purpose, after fif
teen (15) days written notice sent TO each
stakeholder by mail to his last known adj
dress; said liquidators shall have the au
thority to wind up the business and affairs
OF this corporation. In case of the death
of hquidator. the survivors shall appoint
stakeholder as successor to him.
ARTICLE vII.-This charter NAV no
modified, changed or altered or said cor
poration may be dissolved, with the assent
OF stockholders owning two-thirds of the
entire capital stock, at general meetina
49, h. rfn II hal -,z