The Louisiana Democrat. [volume] (Alexandria, La.) 1845-1918, 1897-06-16
CHARTER.

CHARTER.
The State Of Louisiana - Parish 0
Rapides.
DEIT KNOWN THAT ON THIS TIL
ID first day of June, Ammo Domini, on
thousand eight hundred and ninety-srv
en-, before me, Louis J. Hakenyos, u No
tary Public in and for the Parish an,
State aforesaid, duly commissioned an,
sworn, and in the presence of the wit
nesses hereinafter named and undersign
ed. personally came and appeared th'
persons whose names are hereto subscrib
ed, who declared that, availing them
selves of the provisions of the laws alt
the Constitution of this State, and espe
cially Of the provisions Of Act No. Sc o
the legislative acts Of the General Assem-
bly, of the State of Louisiana for the yea
1888, they do by these presents foru
themselves, their successors and assigns
and such person or persons who may here
after become associated with them, int
u corporation according to tho laws %
this State, under tho terms and stipuls
tons set forth in the following charter
tow it,
ARTICLE FIRST.
The name of this corporation shall bt
"The Union Lumber Company, Limit
ed" under which name it shall have cor
porate existence and succession, for, til,
period Of fifty years from the date hereof
with full power to contract, sue and h.
sued, to acquire, sell, lease, mortgage
and pledge real and personal property
to elect officers, make. bylaws and sener
ally in the prosecution and for the pur
pose of its business, to do any act OF
make any contract competent to be- made
or done by corporations under the law.
Ut this State.
ARTICLE SECOND.
The domicile of this corporation shall
DO in the City of Alexandria, Rapide.
Parish, Louisiana, and all citations %,
other legal process shall be served on til.
President and in the event of his ab
sence from tho Office, upon the Secretary.
Treasurer.
ARTICLE THIRD.
The objects and purposes of this corpo.
ration ale hereby declared to he, to buy
and sell lumber and to manufacture the
same, and for this purpose to carry on Il
general merchandise III manufactured
add manufactured lumber and any 9th
pr personal property and to do and per
form all things appertaining to the sai.l
business.
ARTICLE FOURTH.
The capital stock of this corporation il
hereby fixed at the sum of ten thousand
(Sl0, OD0) dollars, divided into one hun
'lred shares of one hundred dollars each,
payable cash OH signing Of these pres
ents. Certificates tor shares shall he
signed Ivy the President and by the See.
Rotary Treasurer, and shall be transfer:l
bic Oh the books Of said CORPORATIONS upon
The surrender Of the Outstandin. GER.
titicate.
ARTICLE FIFTH.
The corporate powers of this corpora
lion shall he vested in Board Of Dircc-
Tors composed of three persons. who shall
own stock in the corporation, a majority
nf said Beard shall constitute II quorum
For the transaction of business, said Di-
'rctors shall be annually elected at a
general meeting of the stockholders of
said corporation to he held, after fifteen
lays notice thereof by publication in one
Df the newspapers published in the City
,f Alexandria. or hy personal notitica-
lion forwarded to every ono of them,
through the mails, by the President. on
HE first Monday Of tho month of January
,f each year.
The Directors shall hold their Office for
The tern, of one year and until their sue
:essors shall have been elected aud uuali-
led. At ali meetings Of the stockholders
ZACH stakeholder shall be entitled to cast
i, person, or by proxy, one vote TOR eve
y share Of stock held by him. A majnri.
~ of the votes cast shall elect or decide
III questions before the meeting. ANY
vacancy occurring by death or resigna
ion OF otherwise, shall be filled by those
who remain. Immediately after their
election the Board of Directors shall hold
! meeting and elect President, Vice
President and Secretary Treasurer. The
Directors shall determine the salaries
md powers of these officers respectively,
always providing that all the contracts.
lotes, checks and all obligations Of thu
shall he signed by the Seerc-
Treasurer and conntersigned by the
who shall he general nia,ia-
ger. Aud the Board of Directors shall
slso appoint such other officers, clerks
md employees us it may deem advisable
md proper for the carrying on of its bus
ness and shall fix their respective sala-
les and duties. The Board of Directors
hall also call special meetings of tho
stockholders ut any time for the consider
ltion Of such business as shall he speci-
led in the notice at the request of at
cast two-thirds III amount of the stock
md after the same notice as is required
or the animal meetings.
The first annual meeting of the stock
folders of this corporation shall be held
IN the first Monday of the month of Jan
'ary, A. ID. 1888 until that date the
GLOWING persons shall compose the first
3oard ot Directors, viz: ID. F. Clark, w.
;. Clark and r. b. Loveland, with the
aid u. +. Clark as President, w. T.
lark rs Fice.P President and X. B. Love-
and as ACKNOWLEDGEMENTS, and under
his organization business shall l,e imme
lately begun on tho filing of this char
CT.
ARTICLE SIXTH.
This corporation may he dissolved with
he consent of two thirds of the stock re-,
resented at "A special meet ny for that.
impose called. after the Same notice MS,
) required for fle annual meetings; and
II the event of dissolution of this clarterl
he Stockholders present shall elect twol
commissioners, who shall liqnidate tlreI
fairs of the corporation. !
This charter may I've amended or alter
d in any respect or the capital stock in