The herald., 1919-01-02
CHARTER OF WooD-SILvA LUMBER
AND EXPORT COMPANY, IN
CORPORATED.


leans. Be Il known, that on this, November
5uth. lglS, before mt, Edward KghtJr, a No
tary Public duly commissioned and quail
lied. in and ior the Parish aud State afore-
said, therein residing, and IN the pres
euce OF the Witnesses hereinafter named and
undersigned, personally came and appeared:
the persons whose names are hercunto sub
scr.bcd, all Of the full age Of majority and
residents u this city, who severaiiy de-
clared that, awaiting themselves OF the pro-
visions Of Act No 2o7 Of the General AS
sem5iy Of Louisiana Of 1914, they do, by
these presents, covenant and agree and bind
themselves well such other persons
as may become hereafter associated with
them, IN order 10 'orm and constitute a
porat.on Or body polite IN law, for the OBJ
lects and purposes and under the stipulations
following:
ARTICLE The name and title Of this
corporation shall be: Wood-Slva 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 snail have the power and authority 10
| enjoy succession and corporate existence for
and during the period Of ninety-nine years
! from ;le date hereof, unless sooner dissolved
/ IN tile manner hereinafter provided for. Said
/ corporation shall have power and authority
! to contract; 20 and be sued, to make
! and use 4 corporate seal and the same to
! break. alter OF amend at pleasure; to hold,
| receive, purchase, convey, deliver, mortgage,
/ hypotnecate and pledge any property, real
| personal, and to issue notes and other obiga-
| tons. negotiable instruments or other evil
dences Of debt; to have and employ such
managers, agents and other employees 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 its affairs may be deemed neces-
| sary and eNpedent
ARTICLE 1.-THE domicile OF TINS cor
poratIon shall be in the city of New Or
| leans, Parish OF Orleans, State of
Louisiana. and all citations and other
/ 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 lIl-Ihe objects and purposes
| tor 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 commission, and to 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 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 ($2OluOO Dollars, di-
vlded into and represented by two hundred
| goo shares Of the par value OF One Hundred
|
OF TINS corporation may be increased, from
time to time. 10 not to exceed Fifty
thousand &?GG0o0O Dollars on two
shall be full paid and worcestershire. All
stock OF tins corporation, provided for here
IN or that which may hereafter be issued
snail be valid only if signed by the Presi.
dent and counter signed by the Secretary
treasurer. All transfers of stock shall he
valid and binding only when made on the
po2Es OF the corporation. Before any stock
IN the corporation, he shall give thirty DAYS
written notice Of his intention so to do TO
the corporation, during which thirty days
me corporation itself shall have the right
Ihis corporation shall begin business as
soon as Ten Thousand ($lOOOOOO Dollars
OF the capital stock has been subscribed as
provided for in Section ?. Act 267 of the
| General Assembly of the State of Louisiana
| for the year 1914.
ARTICLE V-An the corporate powers
OF TINS corporation shall be vested in and
e c%gTSlssd by Board Of Directors to be
whom shall own in his own right at least
one full paid and unpledged share of the
capital stock, two members of whom shall
constitute quorum for the. transaction of
holders shall be held on the Second Mon.
day OF January, of each year, or the first
working day thereafter. The first election
Tor directors under this charter shall be had,
|
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 stockholder bv mali
addressed to his or her last known post
office address, at least fifteen DAYS before
the date of such meeting At all such cleo
lions ana az an 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 al the
aate OF such election or meeting; said votes
may De cast IN person by proxy the
sald proxy to be in writing and a majofity
OF votes cast shall elect. All meetings Of
stocknolderS and directors shall be held at
ne Gomclie 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 nos impair its management in any
way, but the directors then in office sb,ii
remain in office until their successors are
elected and qualified. The board of direc-
TORS at their first meeting following each
T,ect9n snail elect from their number a
PRESIDENT, Vice President and Secretary
treasurer, and the board shall have the
{ power to fix the salaries of such officers and
agents as they deem necessary. Vacancies
} 33GEGu uI IN the board of directors may be
illled until the next ensuing meeting of the
Stockhoiders by the remaining directors or
Glrector' whether quorum remain or not
SPECIAL meetings of the stockholders NAV
he called by the Board at any time, and
shall be called at the instance of the share.
holders holding twenty five per cent of the
r stock % the corporation, and of all such
t meetings. notice shall be given in the man
ner provided for herein. Until the meet
ing of the stockholders for election of direc-
e tors TO be held under this charter on the
0 Second Monday of January 1920, or until
y their duly qualified successors are elected
}. and installed, the Board of Directors shall
d be composed Of: John p Brant No 1904
e Canal Street; Emile de s. Silva, 2533 Napoleon
e Ave, and John w. Wood, Route No 2,
0 Station b, all of New Orleans. La; with the
d said John j. Briant, as President: John w
e Wood as Vice-President and Emile de s.
4 Silva as Secretary Treasurer.
s ARTICLE VL--This act of Incorporation
may be modified, changed or altered or this
" corporation may be dissolved, or the capital
may be increased in accordance with law
at meeting of the stockholders called for
the purpose. after notice shall have been
given in writing TO each stakeholder deliver
ed 70 him personally, mailed by regis
+ tered letter to him at the postoffice address
y designated by him, at least fifteen Q5) days
n PRIOR to the date of meeting.
ARTICLE VII.-No stakeholder shall ever
be held liable responsible for the con-
tracts, faults or debts of said corporation, in
= any further sum than the unpaid balance due
the corporation the shares Of stock owned
by him nor shall any mere informality in
n organization have the effect Of rendering
: this charter null Of exposing a stakeholder
/ to any liability beyond the unpaid amount
tra n