The herald., 1920-09-09
CHARTER.

lowing terms and conditions. which thoy
hereby adopt AZ their articles of in"orpor-
alton or charter. tO-wit:
ARTICLE THE name and style Of this
/ corporation shall be sanford -Eod-" LuW
Der Co. Inc. and under said name n shall
have corporal" existence for ninety nine
900 years from and after this date unless
sooner dissolved; its domicil" shall be in
! the city of New Orleans. state Of Louis
! lana. and citation and all legal pr"r"SSe-
shall be served upon the President. or. iu
his absence. upon the Secretary of this
corporation.
ARTICLE 1.-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: The
manufacture of lumber and other forest
products, dealing therein, either at whole
sale or retail. or on commission; dealing,
either at Wholesale retail or on commits
sion. in all building material ana mrr-
Chandise of any ana all characters. the
said corporation shall have power TO con
tract sue and be sued TO make and use
a corporate seal. and the same to break or
change at pleasure. TO hold in fee or other
wise, receive. hypOthccatr. pledge and sell
property. real and personal: to issue stocks
and bonds therefor; to borrow money and
To issue notes or bonds therefor, TO own
stock in other corporations. to name and
appoint such managers, directors. Officers
or agents ~ the interests Of said corpora
tion may require, to establish such by
laws. rules and regulations for tn" proper
pOration as may be necessary and proper.
the same 10 alter at pleasure, and g"ner-
ally 10 do and perform all such acts as
may b" proper and necessary to carry out
and execute the purposes of this corpora
ton and to exercise all powers conferred
on corporations by act 2I6 of 1914. or the
amendments thereto.
ARTICLE III.-The capital stock of this
corporation il hereby fixed at the sum OF
one hundred thousand $500 900 OOi dollars
all of which shall be- common stock. Said
stock shall be represented by one thou>-
and shares Of par value of one hundgcd
tSlO0OU dollars each. No stakeholder
shall have the right to dispose of his stock
until lac shall have first offered the same
20 the other stockholders. through the
Hoard of Directors of this corporation. and
The said stockholders through said Board
OF Directors. shall have the right for
thirty 600 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 thi.
effect shall he printed upon the face OF
each certificate of stock. The capital stock
Of this corporation may be increased 10
two hundred thousand $500 100000 dol
lars.
ARTICLE Iy.-AII of the corporate now
rrs of this corporation shall vest in and
be- exercised by n Board of Directors com
posed of seven stockholders of this cor
poratiOn. These Directors shall be elected
AT a meeting of the stockholders held for
thar purpose at the domicile of the com
piny 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 (ljD days prior to
such meeting. in written or printed no
ti'e. 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
central Bldg, New Orleans. La; K. II !
Flemings. 2lJ Whitney Central Bldg, New
Orleans, La; Edward &. VanDayanter 2r1 |
Whitney Central Bldg. New Orleans, La. |
Fred ii. Crew, 215 Whitney Central Bldg. |
New Orleans, La; G. W. BODICE, Pruden- |
tial Bldg. Buffalo, y. Y. " w Marshall |
Prudential Bldg, Buffalo. n. Y. George /
W. Foster. Columbus Savings & Trust Co |
BLDG Columbus, Ohio: and they shall I
hold their office until the first Tuesday |
following the fifteenth day of January. |
l'2l, 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 President a
First Vice President. a Second Vice PreSi-
dent. Secretary, and Treasurer. The
first President of this corporation is here
by declared TO be +. l.. Sanford: the first
First Vice President is hereby declared 10
be {. w. Dodge; the first Second Vice
resident is hereby declared to be George
W. Foster; the first Secretary is hereby
declared to be X. III. Flemngs, and the
irSt Treasurer is hereby declared to be
Edward {. Van Devanter, and they shall
lOld their offices until their successors are
elected and qualified. \ failure to elect