The herald. [volume] (New Orleans, La.) 1905-1953, 1919-01-16
CHARTER OF WOODS LUMBER
AND EXPORT COMPANY, IN
CORPORATED.


United States Of America, State OF Louis
Iant Parish OF Orleans, City OF New Or
leans. BE it known, that this, November
Dth, 1918, before me, Edward Rightor, No
tary Public, duly COmml sslOned 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
undersi gned, personally came and appeared:
the persons whose names hereuutO sub
scribed, all Of the full age Of majority and
residents OF this city, who severally de-
clared that, avaling 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. as well as such other persons
as may become hereafter associated with
them, in order to 1orn and constitute a cor
pOration or body polite in law, for the OBJ
jects and purposes and under the stpulations
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 to
break, alter or amend at pleasure; TO hold.
receive, purchase, convey, deliver, mortgage.
hypothecate and pledge any property, real or
personal, and 10 issue notes and other obliga-
tions. 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-
latlons for the corporate management and
control OF It's affairs as 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 Nice-Presideut, 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
nature OF the business to be carried on by
| it are hereby declared to be: To buy and
| sell, either at wholesale or retail or as
owners thereof or on commits ion, and to ex-
port or import, lumber, logs and building
materials; to buy and sell timber lands; and
| generally 10 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 (S2001OO Dollars, di.
vIded into and represented by two hundred
| I'D I'D shares OF the par value of One Hundred
| (SlOOOO) Dollars each. The capital stock
OF this corporation may be increased, from
time to time. to a sum not to exceed Fifty
Thousand (S50,00OO0 Dollars on 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
qent and counter-signed by the Secretary
treasurer; All transfers of stock shall be
valid 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 day:
written notice of his intention SO to do t.
! the corporation, during which thirty day:
the corporation itself shall have the righ
OF purchasing the stock at its book value
This corporation shall begin business a.
soon Ten Thousand ($lO,OO0OO Dollar.
of the capital stock has been subscribed a:
provided for in Section 2, Act 267 of the
General Assembly of the State of Louisian;
for the year 1914.
ARTICLE YAH the corporate powers
of this corporation shall be vested in anC
exercised by a Board of Directors, to b.
composed OF three stockholders. each o
| whom shall own in his own right at leas
one full paid and unpledged share of tn,
capital stock, two members of whom shall
business. The annual meeting of the stock
holders shall be held on the Second Mon
day of January, of each year, or the frs
working day thereafter. The first election
for directors under this charter shall be had
by ballot, at the annual meeting of thu
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 her last known post
office address, at least fifteen days befor
the date of such meeting. At all such cleo
tons and at all meetings of the stockholders
every stakeholder shall be entitled to on
vote for each share of stock standing in hi
name on the books of the corporation at tn
date OF such election or meeting; said vote
may be cast. IN person or by proxy, tn
said proxy to be in writing, and maofit,
OF votes cast shall elect. All meetings o
stockholders and directors shall be held a
the domicile of the corporation, unless al
the directors shall in writing consent other
wise The failure to elect directors at tn
annual meeting shall not dissolve this cor
poration nor impair its management in an
way. but the directors then in office shall
remain In office until their successors ar
elected and qualified The board of direc
tors at their first meeting following eac
eiecu9n shall elect from their number
| President, Vice-P President and a Secretary
Treasurer, and the board shall have III
power to fix the salaries of such officers an
agents as they deem necessary. Vacancie
occurring IN the board OF directors may b
tllled until the next ensuing meeting of tn
stockholders by the remaining directors q
director, whether quorum remain or no
Special meetings Of the stockholders ma
be called by the Board at any time, an
shall be called at the instance of the share
holders holding twenty five per cent of III
stock o. the corporation, and of all sue
i meetings, notice shall be given in the mar
! ner provided for herein Until the NEE
j ing Of the stockholders for election of dire,
. tors 10 be held under this charter on tn
! Second Monday OF January. 1920, or unit
their duly. qualified successors are electe
i and installed, the Board of Directors sha
be composed OF: John P. Briant, No. 33C
! Canal Street; Emile de s. Silva 2533 Napoleo
Ave. and John w. Wood Route No.
, Station b. all of New Orleans, La; with Ii
said John P. Briant. as President; John v
\ Wood as VicePresident and Emile de
Silva as Secretary Treasurer
r ARTICLE VI.-This act of incorporate
may be modified, changed or altered or tn
n corporation may be dissolved. or the capit
! may be increased in accordance with Law
: at a meeting of the stockholders called f
e the purpose. after notice shall have bee
5 given in writing TO each stakeholder, delive
e ed to him personally, or mailed by regi
/ tered letter to him at the postoffice adore
d designated by him, at least fifteen Q5) da,
\ prior to the date of meeting.
v ARTICLE Vino stockholder shall ev
/ be held liable or responsible for the COZ
E tracts, faults or debts Of said corporation,
: any further sum than the unpaid balance d,
> | the corporation on the shares of stock owns
1 by him. nor shall any mere informality
a organization have the effect of renderir
: this charter null or of exposing stockhoid