The herald., 1919-11-06
CHARTERS.
CHARTER OF SOUTHLAND LUMBER
AND TRADING COMPANY, INC.

on this thirty first day of October, in the
teen before me, William Waller Young
Notary Public, in and for the Parish OF
Orleans State of Louisiana, duly commls-
stoned and qualified, and in the presence
of the witnesses hereinafter named anu un,
dersigned, personally came ana apPeeare e
the several persons whose names are mere
unto subscribed, all above the full age OF
majority, who seyerally declared, that
awaiting themselves of the laws or the state
of Louisiana, and particularly ACT Eot Vi
1914 relative to the organization OF cor
porations they have covenanted ana agreed
to bind, form and constitute themselves,
as we'll as all such other persons as may
hereafter become associated with them'
into a CORPORATION and body polite in law,
for the objects and purposes ana under
the articles, agreements and stipulaSons
following, towit:
ARTICLE 1.-The name, style and title
of this corporation shall be SOuthland
Lumber and Trading Company, lnc.', ana
under that name it shall have and ENJOY
All the rights, advantages and privileges
granted by law to corporations, ana snali
exist for the full term ana PERIOD OF nine
ty-nine years from this day. IL snail nave
power to contract, sue and be SUED TO
make and use a corporate seal, and the
same 10 alter and break at pleasure; to
hold receive, lease, purchase, sell ana con,
vey, as well as mortgage, hypothecate ana
pledge property, real, personal and mixed,
corpOral and incorpOral; to name ana APP
point such managers, directors, officers
agents and other employees as ITS interest
and convenience may require, and to make
and establish, as well as alter and amend
from time to time, such bylaws, rules and
regulations may be necessary ana eN-
pedient for the proper management ana
government of the affairs of this corpora
ton.
ARTICLE II-The domicile of this cor
poration is hereby fixed in the city or 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 vice president OF
Secretary or Treasurer.
ARTICLE III.-The objects and pur-
noses for which this corporation is estao-
lished, and the nature of the business TO
be carried on by it are declared ana speci-
fed to be to purchase, own, hoid sell
mortgage, lease and ALLEVIATE, receive ac-
ouire and deal in real estate. timber lands,
timber or any interests therein; to engage
in logging operations; to operate ana
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; 10
construct and operate tram roads IN con-
nection with and facilitate its logging OPP
erations; to own, charter and otherwise
operate steam ships or sailing vessels or
other water craft; to acquire, lease con
struct and operate warehouses, sheus,
storerooms and lumber yards; to BUY ana
sell merchandise; to carry on general
store or commissary; to conduct hotels,
boarding houses and lodging houses; 10
act as agents, and generally to do ana
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 ($1OO,O0O.O0l dollars,
to be divided into and represented by one
thousand l,O0O) shares of the par value
of one hundred (S10000) dollars each; said
stock shall be issued only for cash and
shall be paid for at such times ana 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 (S1O00,00O.OO) 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 10 five hundred
shares of the capital stock of this corpor-
alton, 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
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 Dlrec-
tors by written communication to the
Board of Directors.
ARTICLE V-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 a quorum
for the transaction of all business The
Board of Directors shall elect annually
from their number President, a wee
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 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. Durel as Secretary and
Treasurer. The postoffice addresses of
said directors are as follows: John Lewis
Dantzler 1920 st. Charles avenue, New Or
leans, La; Edgar Rollins du Mont, 1924
CnarleS avenue, new OrleanS, La. JOnn
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 a legal holiday, and then on the
next bank day thereafter. Any vacancy
occurring among the directors by death,
resignation or otherwise shall be filled by
election for the unexpired term by the
remaining directors. Each subscriber here
to sets after his name his postoffice ad-
dress and a 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
name on the books of the corporation, to
be cast in person or by his written proxy.
A majority of the votes cast shall elect.
ARTICLE Win the event of the liaui-
dation or dissolution of this corporation,
ae stockholders shall elect three liuuida-
from among their number at meet
convened for that purpose, after if
zen llo) days written notice sent to each
stockholder by mail to his last known adj
dress; said liquidators shall have the au-
thority to wind up the business and affairs
or this corporation. In case of the death
or Incubator, the survivors shall appoint
stockholder as successor to him.
ARTICLE VII.-This charter NAV he
modihed, changed or altered. or said cor
poratfon may be dissolved, with the assent
OF stockholders owning two-thirds of the
entire capital stock, at a general meetino