The herald. [volume] (New Orleans, La.) 1905-1953, 1920-11-04
CHARTER.
CHARTER OF SULCLO FOREST PRO
DUCTS COMPANY. INC.


United States OF America, State of Lou
isiana City of New Orleans, Parish of Or
leans. BE it known, that on this 'th DAY
of the month of October, IN the year OF
our Lord nineteen hundred mad twenty,
before me- Warren V. Miller, duly com
missiOned qualified and acting notary
public, in and for the Parish of Orleans,
State of Louisiana, and in the presence OF
the hereinafter named and undersigned
witnesses, personally came and appeared
the several persons whose names are here,
unto subscribed and severally declared
that, ayailing themselves and those they
represent, as well as those who may here
after become associated with them, OF the
general laws of the State of Louisiana, in
such cases made and provided, they have
formed and organized, and by these pres
ents form themselves, well as those they
represent and such others as may hereafter
become associated with them Into cor
poration and body polite in law, for the
object and purposes in the following ar
ticles set forth and Expressed, which they
adopt as their charter:
ARTICLE 1.-The name and title of this
corporation Is and shall be "Sulclo Forest
Products Company, lnc., and IL snail eX-
list and enjoy succession by its corporate
name for a period of ninety nine (99) years
from the date hereof with all the rights,
privileges and powers now or hereafter
conferred by law upon trading corpora
tions. Its domicile shall be In the City
of New Orleans and all citations and legal
services shall be made upon the President
and, I'm the event of his inability to act,
ETC. upon the Vice President or Secretary,
In the order named.
ARTICLE 1.-THE capital stock of this
corporation is hereby fixed at the sum of
ten thousand dollars C$l0,OOOOO), all OF
which shall be divided into and repre-
scented by one hundred (1OO) shares of the
par value of one hundred dollars ($lOOOOJ
each. Stock may be paid for in money, In
services rendered the corporation, or In
property regularly transferred to the cor
pOration, all as shall be determined by the
Board Of Directors.
ARTICLE III.-The objects and pur-
poses for which this corporation is organ
lied and the nature of the business TO be
conducted by il are declared to be the
buying. selling, leasing, operation of, and
otherwise dealing in, either as principal
or agent, lands timber, lumber, fuel,
piling, veneer, mill work, and wooden ware
and such other articles as are ordinarily
sold or used in conjunction Herewith, in
GLIDING articles manufactured out of same;
to operate and maintain saw mills, plan
Ing mills, yeneering mills, and to do Il
general mill and wooden ware bust
ness, including all kinds of wooden pro-
ducts; to operate turpentine and retort
plants; to operate and conduct general
mercantile business, and to buy and sell
merchandise of all kind; to own, lease,
construct and operate tram roads, priyat,
railroads, bitches, canals, steamboats,, tow
boats and barges, and in general to do and
perform and engage In any business Incl
dental to, requisite or connected with the
operation of any of the businesses above
mentioned or such other business as not
contradictory to the above set forth OBJ
jects.
ARTICLE Iv.-The corporate powers of
this corporation shall be vested in f,oard
of three (3l Directors, a 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. A. Sullivan, ]. r. |
sullivan as President and Treasurer J. r. |
Ciolinger as Vice President, and f. W. |
schluter as Secretary; the said officers and |
directors shall serve as such until the sec
ono Monday in January, 1929. 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 1925 The Board
OF Directors shall have the right to elect |
without reference to stockholders meet |
ing, any stakeholder to be a Director
whenever a vacancy shall exist on the
Board Of Directors through death or res
tgnation.
ARTICLE y.-The corporate powers O
this corporation are expressed and set
forth by Section Seven a. of Act ss7 OF Of
the year 1914, and shall be duly employed
. by and through the Board of Directors
The duties of the several officers shall be
set torth In the bylaws, which will be
ADOPTED by the Board of Directors, and
amended or altered at their will; and they
snali have the right to employ. under con
tract or otherwise, General Manager who
MAY or may not be member of the Board
OF directors. as said Board of Directors
may determine, and which said General
manager shall have such duties as the sal
omcers may delegate to him and who's,
compensation shall he fixed nv the po.rJ
Of Directors '
ARTICLE Wilt Is further a mart Of
mutual agreement under which the stock
holuers herein have entered into this cor
p orsnen and which is made binding
covenant between them each royenantinC
contracting and binding himself his heirs
assigns, administrators. associates and sue
cessors that Cach and every stockhoIder
before being allowed to make any sale of
stock owned by him in this corporation
to any person except one already = stocTl
holder OF this corporation, he shall offer
same to the stockholders then of record nj
2 price not to exceed the value thereof, as
determined by the books of this rorno-a
ton, which said offer shall be omen To-
period Of fifteen days, each stockboIder he
ing permitted to purchase a proportion Of
the stock so offered In accordance with the
amount OF stock he holds In this corpora-
ton. and in the event that any stool
holder does not purchase his prorata OF
the stock so offered for sale then the bal
ance of the stockholders so desiring NAV
purchase prorata of the balance OF said |
stock In accordance with the amount of
stock they hold In this corporation. II Is |
understood that at the expiration of TWEEN
~ days. without the stockholders purchas- |
Ing said stock offered for sale, the selling |
imposed upon him by this article This
article cannot be amended without unani-
nous consent Of all stockholders Of record. |