The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1895-02-21
Charter. Of
Martin Lumber Company,
Limited.

Limited.
Ctate of Louisiana, I Be it known, That
y Parish of Bossier. : on this the 29th day
of January, A. D. Eighteen Hundred and
Ninety FIVE before me, w. Benton Boggs,
Notary Public in aud for Bossier Parish. Lou
isiana, duly appointed, commissioned and
qualified and in the presence of the witnesses
hereinafter named and undersigned, personal
ly came and appeared the persons whose names
are hereunto subscribed; who severally de-
clared that availing themselves of the provis-
ions of Act Sc of Session of 1888, approved
June 29tfi 1885, as well as those of all the
general laws of the State of Louisiana, rela-
tive to the organization of corporations, they
have formed and organized, and by these pre-
sents do form and organize themselves and
their associates and successors into corpora
ton for the objects and purposes, and under
the terms and stipulations hereinafter set
forth, to-wit:
ARTICLE
The name and title of this corporation shall
be MARTIN LUMBER COMPANY, Limited
and under said name it shall have and enjoy
succession tor the period Of ninety years
from the date of this charter and in said cor
porate name may sue and be sued; may have,
hold. purchase. sell, convey, lease, mortgage
and pledge property, real and personal; may
have and use a corporate seal and same to
change at WILL and generally, may have and
possess any and all powers and privileges
which corporations are, or may be authorized
to possess by law. and particularly to carry
out the purposes of this corporation; and its
domicile shall be Bolinger, Bossier Parish,
Louisiana.
ARTICLE II.
The objects and purposes of this corporation
aredeclared to be to bay and sell timber lands,
to manufacture, buy and sell lumber and to
build and operate saw and planning mill plants.
raildoad, telegraph, and telephone lines, and
to conduct a general merchantile business.
ARTICLE III.
Citations and all legal processes shall be
served on the President, and in his absence on
the Secretary and Treasurer.
ARTICLE W.
The capital stock of this corporation is de-
clarer to be twenty-five thousand dollars
| $25,00O) divided into 500 shares of $50 each
which shall be paid for in cash or property
actually sold and delivered to this corporation.
| and shall be due and payable in such amounts
and at such times and places as the Board of
| Directors may resolve and determine. This
corporation shall begin operation as soon as
800 shares of stock, making the sum of twenty
| five thousand dollars 1926, 000) shall have been
subscribed to the capital stock and paid in.
ARTICLE v.
| The affairs of this corporation shall be under
| the management and control Of the Board of
| Directors composed of five stockholders to be
| elected annually at a meeting of the stock
| holders, for that purpose, to be held on the
| first Monday in January 1896, and yearly
thereafter latter ten days notice given to each
stakeholder by the Secretary and Treasnrerl.
Until the first election the Directors shall be
| s. Fl. Bolinger, j. FL. Woods, NJ. s. Bolinger,
| w. B. Boggs and B. w. Schenebeck, who shall
| serve until their successors are duly appointed.
| ARTICLE vi.
The officers of this corporation shall be a
I r. n
| and Treasurer, and said officers shall be elect.
ed annually by the Board of Directors, and
until the first election the officers shall be as
| follows: s. H. Bolinger, President; j. H.
Woods vice President; NJ. s. BoGnger, Secre-
tary and Treasurer; who shall serve until
| their successors are duly elected.
ARTICLE VII.
| No stotkholder shall ever be held liable or
| responsible for the contracts or faults of said
| corporation in any further sum than the nm.
paid balance due to the company on the shares
subscribed by him; nor shall any informality
in the organization have the effect of rendering
this charter uull, or of exposing any stock
holder to any liability beyond the amount OF
stock owned or subscribed by him. No trans
fer of stock by the holders thereof shall he
binding on this corporation unless said trans
| fer is duly entered on its books.
| ARTICLE VIII
Whenever this corporation is dissolved BY
Limitation, or from any other cause, is affairs
shall be liquidated by three commissioners
elected by and from the stockholders for that
purpose, at meeting of same convened after
ten DAYS notice to each OF said stockholders
given to them by letter addressed to each
stakeholder and deposited in the mail. In
case of death or failure to act. said remaining
commissioners shall appoint their successors
This done and passed at my office, in said
Parish of Bossier, and State of Louisiana, on
| the day and date above mentioned, in presence
| nf Il n WIN