The herald. [volume] (New Orleans, La.) 1905-1953, 1920-10-21
CHARTER.
CHARTER OF SULCLO FOREST PRO
DUCTS COMPANY. INC.

United States Of America. State of Lou
iSiana city of New Orleans. Parish 81 or
Irans he ii known, that ON this dh daS
of the month of October, IN the year "I
our Lord nineteen hundred mad twenty ,
before me- Warren '. Miller. a duly com
missioned, qualified and acting notary
public in and for the Parish OF orleans.
State OF Louisiana, and in tn" presence OF
the hereinafter named and Undersigned
witnesses personally came and appeared
the several persons who's" names are mere
unto subscribed and SeN"rally declared
that, availing themselves and those they
represent rs well rs those VINO may here
after be. ONE associated with them, OF III"
general laws of the State Of LOUISIANA. IN
such cases made and provided. they haN"
formed and organized, and by theS" pres
cntS form themselves, As welt rs those they
represent and such others As may hereafter
become associated with them into cor
JOratiOn and body pOliti" in law. for tn
object and purposes in the following ar
tiCrS set forth and expressed, which they
adopt as their charter
ARTICLE The name and title Of this
corporation is and shall bU "Surlo Forest
Products Company, Inc. and II shall "N-
list and enjoy succession by its corporate
name for a period of ninety nine (19l years
from the date hereof with all the rights.
privileges and powers now or hereafter
conferred by law upon trading corpora
lions. Its dOmiCilc shall he in the city
of New Orleans and all citations and legal
SerS ices shall be made upon the President
and, in the event OF his inability TO act
etc. upon the Vice President or Secretary -
in the order named.
ARTICLE 1.-THE capital stock of THU.
corporation is hereby nNrd at the sum Oi
ten thousand dollars (SlOOO0OJ. all Of
which shall be divided into and repre-
scented by one hundred 400 shares OF the
par value of one hundred dollars tSlOOW'
each. Stock may be paid for in money. in
services rendered tn" corporation. or in
property regularly transferred to the cor
pOrattOn, all as shall be- determined by the
Board of Directors.
ARTICLE IH.-The objects and pur-
poses for which this corporation is organ
lied and the nature Of the business 10 be-
conducted by il are declared To bp the
buying. selling, leasing, operation Of, and
otherwise dealing in. either as principal
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
Guiding articles manufactured out of same
TO operate and maintain saw mills. plan
ing mills, veneering mills, and to do a
general saw mill and wooden ware bust
ness. including all kinds of wooden pro
ducts; to operate turpentine and retOrt
plants; to operate and conduct n general
mercantile business, and to buy and sci
merchandise of all kind to own, lease
construct and operate tram roads. priyat
railroads. bitches, canals. STEAMBOATS,, tow
perform and engage in any business Incl
dental to. requisite or connected with the
operation of any of the businesses abov,
mentioned or such other business as not
contradictory to the above set forth oh
jectS
ARTICLE IV.-The corporate powers Of
this corporation shall he vested in a BOARD
OF three CD Directors, a majority of whom
shall constitute a quorum for the tran>ac.
ton Of business. Absent Directors may
pf hts L.,
PROXY in writing to any other Director
Tor that particular meeting. The first
board of Directors of this corporation
shall be composed of W. \. sullivan j 4
tlolinEer and +. W. Schiuter. with W 4
sullivan As President and Treasurer J T
Clolinger as Vic" President. and r "
Schiuter rs Secretary; the said officers and
directors shall serve aS such until the SEQ.
ond Monday in January, 1923. or until
tneir SUCCESSORS are duly qualified and
| ,hS Cd" Meetings Of the stockholders for
the election of Directors shall be- hold
yearly on the second Monday in J,nu,r,
beginning with the year 1929 Tho Road
OF Directors shall have the right to elect
without reference to a stock hoIdars' ~,
ing, any stakeholder to b., /, Diror,,
whenever = vacancy shall exist on m,
Hoard OF Directors through death or rc.
ignatiOn. " ~
ARTICLE v.-Thc corpora,r nowar.
rms corporation are expressed and s,t
forth by Section Seven "a of Act ag- ~
the year 1914. and shall be duly cmployad
Ty ana through the Board Of Directors
me duties OF the several officers shall b,
SCI lorth IN the bylaws. which will h,
adopted by the Board Of Directors an,
amended or altered at their will: and tb,,
Shaii nave the right to employ under con
tract or otherwise, General Manager VII,
may or may not be a member of the Eo,r,
VI birectOrs, As said Board of Director
may determine. and which said Genrr,
Mahager shall have such duties as the ,,i
omcerS may delegate to him and who's
Co"P 'hSatlon shall be fixed by the Boar,
OF Directors
nKLlCLE Wit Is further a part o
"u,uai agreement under which the stock
hoiuers herein have entered into this cor
PoratlOn and which is made bjndin,
covenant between them each coyenoptinU
contracting and binding himself. his heirs
assigns administrators asSorist,s ,,j 80,
CeSsorS that each and every storCboIJr
before being allowed to make any sale a.
STOCK owned by him in this corDoratio,
70 an! person except one already 4 stock
hoIuer OF TINS corporation, ne shall Offrl
same 10 the stockholders then of record "a
price not TO exceed the yalua thereof a.
determined by the books of this cornor,
tion. which said Offer shall be open for ,
period OF fifteen days. each StockhoIder no
ihE permitted 70 purchase a proportion OF
the stock so offered in accordance with IN,
amount of stock he holds in this CORPORA
ton. and in the event that any stocL
holder does not purchase his prOrata OF
the stock SO offered for sale then the hal
ance OF the stockholders so desiring may
purchase a prOrata of the balance ef said
stock in accordance with the amount ot
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
stakeholder is relieved of all disabilities
imposed upon him by this article. This
article cannot he amended without unani-
nous consent OF all stockholders OF record