The herald., 1920-09-16
CHARTER.

! lowing terms and conditions. which they
/ hereby adopt as their articles Of incorpOr-
| alton or charter. tO-wit:
ARTICLE 1.-The name and style Of this
/ corporation shall be Sanford BOdge Lum-
/ Der Co. Inc. and under said name il shall
! have corporate existence for ninety nine
/ tED years from and after this date unless
/ sooner dissolved; Its dOmiCilr shall be iu
/ TIA" city of New Orleans, State Of Louis
! lana, and citation and all legal processes
! shall be served upon the President. or. in
! his absence, upon the Secretary Of this
I corporation.
/ ARTICLE 1.-THE objects and purposes
! for which this CORPORATION i formed and
! the nature of the business TO be- carried
| on by il are hereby declared to be. The
manufacture of lumber and other forest
/ products dealing therein, either at whole
] sale or retail or on comm mission. dealing.
! either mt wholesale, retail or on commits
| sion, in all building material and mer
! chandls" Of any and all characters. the
said corporation shall have power To con
tract. sue aud be sued to make and Use
Il corporate seal. and the same to break or
change at pleasure: TO hold in fee or other
| wise, receive. hypOthecate, pledge and sell
property, real and personal: TO issue. stock
and bonds therefor; to borrow money and
10 issue notes or bonds therefor. to own
! stock in other corporations to name aud
appoint such managers. directors, Officers
or agents as the interests of said CORPORA
Ton may require, to establish such by
laws. rules and regulations for the proper
management of the affairs Of this cor.
pOratiOn as may be necessary and pronrr
IN" same TO alter at pleasure. and grnrr-
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 27G of 1914 or the
amendments thereto.
ARTICLE III.-Thc capital stock of this
corporation j. hereby fixed at the sum of
one hundred thousand $500 900 OOJ dollars
al a "a d n.Hh Oh. III -
stock shall be represented by one thOus-
and shares of a par value Of one hundred
tSlOOOJ dollars each. No stakeholder
shall have the right TO dispose of his stock
until he shall have first offered the same
70 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 500 days from the date of such
Offer TO purchase said shares AZ 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 increase 10 /
two hundred thousand $500 OOOOO) dol /
lars.
ARTICLE IV.-AIl of the corporate pow /
ers VI this corporation shall vest in and .
be 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 /
paHy ON the first Tuesday after the fiji
teenth day Of January of each wear. be- |
ginning with the first Tuesday after the
fifteenth day Of January 1871 notice of 4
which meeting shall be given to each stock
holder at least fifteen (lJJ DAYS prior 10 .
>uch meeting, IN written or printed no
nee: either delivered personally or by de-
posting said notice in the uoStoffirr
properly addressed to the last known ad
dress of each stakeholder as shown nv
the DOCKS or the corporation. at least fiji
teen days before such meeting. with the
postage prepaid. The first Board of hi
rectors of this corporation is hereby de-
rlared TO be composed of the following
stockholders: +: L. sanford 2l5 Whitney \
:, tntral Bldg, New Orleans. La; X. H. II
tlemingS, 2lJ Whitney Central Bldg, New 4
Orleans, La; Edward c. VanDovanter, 2r5
W hltney Central Bldg, New Orleans. La
Fred II. Crew, 2l5 Whitney Central Bldg,
ial Bldg. Buffalo, y. Y: y. ". Marshall
Prudential Bldg, Buffalo. " Y: George
w. Foster. Columbus Savings & Trust co.
Bldg" Columbus, Ohio: and they shall
lOld their office until the first Tuesday
ollOwing the fifteenth day of January |
vi, and until their successors are elected |
md qualified. The Board of Directors of
ms corporation shall Immediately after
htlr election and qualification for office |
Itct from their number President a |
,lrst vice President, Second Vice Presi- |
tent a Secretary. and Treasurer. The |
lrSt PRESIDENT OF this corporation is here
lrst wee President is hereby declared TO /
,e T. w. BOdge; the first Second Vice /
resident is hereby declared to be George
\. Foster; the first Secretary is hereby |
eclared to be X. III. Flemings and the ! |
rSt Treasurer is hereby declared TO he |
,dward {. Van Devanter, and they shall |
old their offices until their successors are
lected and qualified. A failure TO elect
directors or officers on the date herein
tated shall not affect the legality of this
orporatlon or the acts of the corporate
filcers and such officers shall continue To
CT until their successors are elected and |
uaIliled at a meeting to be specially
allied after notice as hereinaboye pro II
ided. each stakeholder shall be entitled
one vete for each share of stock ap-