The herald., 1920-10-28
CHARTER.
CHARTER OF >ULCLO FOREST PRO
DUCTS COMPANY. INC.

United States Of AmerIra, state OF Low
isiana. city OF New Orleans iariNn "i pt
I'm. lie il known. that on this Ith day
Of the month of October, IN the year oi
our Lord nineteen hundred hhI t"'hIs'
brfor. me Warren V. Miller, duly com
mi,sioned qualified and acting notary
nnhIir i'm and for the Parish of Orleans,
Sfatr of Louisiana. and in the presence OF
the hereinafter named ana uhu'rSl-h'I
witnesses, personally came anu aPPtt"i."
the several persons whose names are n'I'
INTO subscribed and seNerally deciar"n
that, ayailing themselves ana those 'htH
represent nS well as those who may her'-
after become associated with them. OF 'ne
,.na-aI b,ws of the State of Louisiana, IN
such cases made and provided, th"S nav
formed and organized, ana DN th's' prs
ents form themselves a. wen as 'n"n' ~
represent and such others as may hereafter
becomp associated with them into Il cor
poratiOn and body polite III law, ior ln'
objert and purposes in the lon3MlhE ar
tcleS set forth and expressed "hI'h '"'H
adopt as their charter.
ARTICLE The name and title Of this
.ornoration is and shaH BE- 'SulClo Forest
Products Company, Inc" and 1t shall 'N
list and enjoy succession by It's UoIPoIaI'
name for a period OF ninety nine G") YEARS
fran the date hereof. with all the rlEh'H'
privileges and powers now or hereafter
conferred by law upon trading CORPORA
tons Its domicile shall be IN Ihr 'lE
nj New Orleans ana al 'lN"li't'. INV . 49,
scryirrs shall be- made upon til" President
and in the event Of his lnabliilN 10 d''
etc, upon the Vice President or Secretary
in the order named.
ARTICLE H-Thp capital stock of tins
corporation is hereby nArd at the sum OF
ten thousand dollars tSlO,UoOD. All Oh
which shall he divided into ana r,pr"
scented 10y one hundred (iOO) shares OF the
mar value of one hundred dollars iSlOOVN'
each stock may be paid for IN money ~
he n.
property regularly transferred to the cor
poratlon all as shall be determined b! the
Board of Directors
ARTICLE III.-The objects and pur
poses for which this corporation IL organ
led and the nature Of the business 10 De
conducted by IL are declared To be the
buying selling, leasing, operation OIL ahn
otherwise dealing in, either as prlnclpaI
or agent, lands, timber, lumorr, iurl,
pilIng veneer, mill work. and wooden ware
and such other articles as are ordinarily
sold or used In conjunction there"lth, IN
GLIDING articles manufactured out oil same
to operate and maintain saw mills, plah-
ing mills yeneering mills. and to do q
general saw mill and wooden ware bust
ness including all kinds of wooden pro
ducts; to operate turpentlne ana rr.orI
plants; to operate and conduct a general
mercantile business and to buy and sell
merchandise of all kind; to own lease
construct and operate tram ROADS, prlNat'
railroads bitches canals, steamboats,. Tow
boats and barges, and In general to do ana
perform and engage in any business Incl
dental to, requisite or connected with IN"
operation of any of the businesses above
mentioned or such other business as not
contradictory to the above set forth oh
jects.
ARTICLE IV.-The corporate powers Of
this corporation shall be vested in f'oard
Of three (3) Directors. majority OF whom
shall constitute "A quorum for the tranSac-
ton of business. Absent Directors may
vote at any meeting of the Directors by
proxy in writing to any other Director
for that particular meeting. The first
BOARD of directors of this corporation
shall be composed of W 4. sullivan, j. I.
CiolinEer and +. W Schiuter, with W. \.
sullivan as President and Treasurer, J. 7.
Clolinger as Vice President, aud +. ".
SChluter as Secretary; the said officers and
directors shall serve as such until the SEE.
ond Monday in January, 1923. or until
their SUCCESSORS are duly qualified and
elected. Meetings OF the stockholders for
the election of Directors shall be- held
yearly on the second Monday in January.
beginning with the year 1874. The Board
Of Directors shall have the right to elect
without reference to a stockholders meet
ing, any stakeholder to be Director
whenever vacancy shall exist tn"
Board OF Directors through death or res
ignatiOn.
ARTICLE V.-The corporate powers ~
this corporation are expressed and set
forth by Section Seven "a of Act 267 o.
the year 1914. and shalt be duly employed
by and through the board Of Directors
The duties of the several officers shall he
st forth in the bylaws. which will b"
adopted by the Board Of Directors and
amended or altered at their will. and the,
shall have the right to employ. under con
tract or otherwise, General Manager who
may or may not be n member of the Boa ri
OF Directors, as said Board of Directors
may determine. and which said General
Manager shall have such duties as the sale
othcerS may delegate to him and who's,
compensation shall ~ fixed by the Boar
OF Directors
ARTICLE Wit Is further a part OF
mutual agreement under which the stock
holders herein have entered into this cor
pOratleu and which is made binding
covenant between them. each CoVenanting
contracting and binding himself his heirs
assigns, administrators. associates and sue.
cessors that each and every stock hoIder
before being allowed to make any sale oi
STOCK owned by him in this corpOratioU
70 any person except one already n stock
holder or this corporation. he shall Offer
same to the sto, khOlderS then of record al
price not 10 exceed the value thereof a,
determined by the books Of this COrnor,.
ton, which said offer shall be omen for 4
period OF fifteen days. each stoCkhoIdcr he
ing permitted TO purchase a proportion OF
the stock so offered in accordance with m,
amount of stock he holds in this CorDora
ton. and in the event that any stock
holder does not purchase his prorata 81
the stock offered for sale then the hal
ance of the stockholders so desiring may
purchase a prOrata of the balance of Sait
stock In accordance with the amount o.
stock they hold in this corporation Ii /,
understood that at the expiration of TWEEN
ty days, without the stockholders purchas
ing said stock offered for sale the sellinl
stakeholder is relieved OF all disabiIitiet
imposed upon him by this article. Thi
article cannot be amended without unani
nous consent of all stockholders Of record