The herald., 1920-08-19
CHARTER OF SANFORD-BODGE LUM-
BER co, INC.

United States Of America. state of Lon
i~Elu1, Parish of Orleans. city of New or
leans. BE u known. that on this LIST
day Of July, 1920 bctur" me. Augustus e..
Williams. q Notary Public. iu and for tI.
above named parish ANA State. duly com
Ml~>Ionrd and qualified and in tine pres
enc" Of the witnesses hereinafter named
and undersigned. personally came and au.
pcdrvd. she several persons whose names
are h"rount0 subscribed. Who declared that
awaiting themselves of III" laws aud con.
>tituiiun of the State OF Louisiana. roI..
iiv" 10 the formation of corporations. ana
especially Of act 2rI of 1914 they DO hereby
form themselves. their a-~u,il'c~ and -r,
r"~~"r> into corporation under the FOL.
loving terms and conditions which tlrl
hereby adopt as their articles Of iururppr.
alton or charter t"-wit.
ARTICLE |. The name and ~tyin of this
corporation shall be sanford Ipd-D I.um.
her Co.. Inc. AND under said uum,. 10 shall
have corporate existence for Iiu,fy- utu,.
Gf"t years from and after this date unless
sooner dissolved. its domiriI. shall I- ia
Ia" city OF New Orleans State of Louis
lana. ana citation and All lrgI pru...-~,.S
shall Ir served uUuu the Pre-. d,ut or. iu
his absence. upon Ia" Secretary OF this
corporation.
ARTICLE II. tn" Objects aud purposes
| for which this corporation h. formed aud
| ia" uHtur" of the business Co D." carried
on 10y 10 ar" hereby declared to- b,. tn.
Iuauufa''urv OF lumber and other forest
products. dealing therein. either ur who'll.
sale or retail or on commission. dealing
either M wholesale. retail or on commits
sion. in an huildinE material and NOR
rhaudl>" of amy aud all characters the
said corporation shall hag. power To CO.
| tract. sue and b" sued. TO maxi and Use
"a corporate" seal, and tho same Is hr"ah "r
change at plcasH~ lo hold 900 Zee cor other.
wise, r"~-i,v. Hyppthvyat,. pledge and sell
! property. real aud personal. To issue ~turh~
and bonds therefor. to borrow money aud
to iSSu" notes or bonds therefor. 10 own
. 81 HNF..w
appoint such managers. directors officers
or agents as III" interests Of said ourpora.
ton may require. to establish such hy-
laws, rules and regulations for the proper
management of the affairs Of this cor
pOratlOn as may he necessary aud proprr.
| tn" same 10 alter at pleasure. aud grnrr-
ally 10 do and perform all such acts rs
may be proper and necessary to carry out
and execute the purposes of this corpora
ton and to exercise all powers conferred
on corporations by act 2IG of 1914 or the
amendments thereto.
ARTICLE III.-The capitaI stock of this
corporation il hereby fixed at the sum of
one hundred thousand (SlOuUJOO OI dollars.
all of which shall be common stock Said
stock shall be represented by one thou>-
and shares OF par value Of one hundred
tSlOOOOD dollars each. No stakeholder
shall have the right to dispose of his stock
until he shall have first Offered the same
20 the other stockholders through the
Board Of Directors Of this corporation. and
of Directors shall have the right for
thirty 500 days from the date Of such
offer TO purchase said shares at their book
value as shown by the balance sheet of the
last preceding month. and notice to this
effect shall be printed upon the face Of
each certificate of stock. The capital stock
OF this corporation may be increased to
two hundred thousand $4,000 100000 dol
lars.
ARTICLE IV.-An Of the corporate pow
a. of lalI
he exercised by Board of Directors. com
posed of seven stockholders of this cor
pOratiOn. These Directors shall be elected
at meeting Of the stockholders held for
that purpose at the dOmicile of the com
pany on the first Tuesday after the fiji
teenth day Of January of each year. be
ginning with the first Tuesday after the
fifteenth day of January, 1921. notice of
which meeting shall be given to each stock
holder at least fifteen 49, days prior to
such meeting. in written or printed no
tice, either delivered personally or by de
posting said notice in the pOStOfficp
properly addressed to the last known ad-
dress of each stakeholder. as shown by
the books of the corporation, at least fiji
teen days before such meeting, with the
postage prepaid The first Board of Di-
rectors of this corporation Is hereby de-
clared TO be composed of the following
stockholders: F. l.. Sanford. 2l5 Whitney
Central Bldg, New Orleans. La; X. IL.
FlemingS 2l5 Whitney Central Bldg New
Orleans La; Edward G. VanDevanter. 2l5
Whitney Central Bldg. New Orleans. La. (:
Fred ii. Crew, 2l5 Whitney Central Bldg,
New Orleans, La; &. W. Bodge. Pruden-
tial Bldg. Buffalo, y. Y: y. w Marshall
Prudential Bldg, Buffalo. y. Y: George
W. Foster, Columbus Savings x Trust Co.
Bldg, Columbus, Ohio: and they shall
hold their office until the first Tuesday
following the fifteenth day of January.
1921. and until their successors are elected
and qualified. The Board of Directors of
this corporation shall Immediately after
their election and qualification for office
elect from their number a President. Il
First Vice President. Second Vice Presi-
dent, Secretary. and "A Treasurer. The
first President of this corporation is here
by declared to be +. l.. Sanford; the first
First Vice President is hereby declared to
be e. W. Dodge; the first Second Vice
President is hereby declared to be George
W. Foster; the first Secretary is hereby
declared to be X. II. Flemings, and the
first Treasurer is hereby declared to be
Edward e. Van Devanter, and they shall
hold their offices until their successors are
elected and qualified. failure to elect
Directors or officers on the date herein
stated shall not affect the legality of this
corporation or the acts of the corporate
officers and such officers shall continue to
act until their successors are elected and
qualified at meeting TO be specially
called after notice as hereinabOve pro-
vided. each stakeholder shall be entitled
to one vote for each share of stock APP
pearing in his name on the books of the
corporation, and there shall be no cumu-
lative voting. The Directors of this cor
pOratiOn shall be permitted TO execute.
in writing, their proxy to any other stock
holder to act for said absent director at
any meeting of the Board of Directors of
the corporation.
ARTICLE V.-No stakeholder shall ever
be held liable or responsible for the con
tracts or faults of this corporation in any
further sum than the unpaid portion of his
subscribed stock. nor shall any mere in
fOrmality in organization have the effect
of rendering this charter null or exposing
a stakeholder to any liability other than
as above provided
ARTICLE VI.-This charter may be
amended, the capital stock increased or
decreased. or this corporation dissolved in
accordance with the provisions of act 267
lana for the year 1914, and any amend
ments thereto.
Thus done and passed in my nOtarial
office at New Orleans, La, in the pres
ence of Antoinctte ID. Hornuff and Ru-
dolph J. Weinmann, on the day and date
hereinabOve written, after due reading of
the whole. the subscribers TO this corpora
ton hereby affixing after their names the
amount of stock respectively subscribed
for by each of them. and they hereby de-
clare this to constitute their stock sub
scriptiOn list.
Original signed) +. L. Sanford, 215
Whitney Bldg. New Orleans. La, 200
shares; X. II. Fleming, 215 Whitney Bldg.
New Orleans, La. go shares; Edward e.
Van Devanter. 215 Whitney Bldg. New Or
leans, La, 80 shares; Fred II. Crew, 215
Whitney Bldg. New Orleans, La, 20
shares; c. W. BODICE, 10 Prudential Bldg,
Buffalo. n. Y. 200 shares; Nelson W. Mar
shall, 40 Prudential Bldg. Buffalo. y. Y,
30 shares: g. W. Foster. 429 Columbus Saw.
e. ghar