The true Democrat., 1900-02-17

Act OF incorporation of tho BAYOU
Sara Lumber Co., Limitel.
State of Louisiana Parish of Vast
Feliciana
Before the undersigned authority
auiy commissioned and qualified in and
Tor the said parish and State ON this fin.
10th day of January A. d. 1900
came and appeared the parties whose
names are h"rcinto subscribed, all of full
aye who declared that uyailiup them.
serves OF the provisions of the Laws of
Ais said State relative to Corporations
and G p"cially of Act Number Thirty
OF 1888 of the General Assembly of i.oni-
alana. they have covcnanted and agr.eJ
ant by these presents covenant and a,yre,
anu biId themselves aS well as such 9th.
or persons an may hereafter be associ tied
with them to form and constitute Cor
poration and body polite in Law for til"
purpose ahi objects under thu stippla-
tloils, articles and conditions following
tO-wit:
Article lst
The name and title of the said Cor
poratlen shall be tho Bayou Sara Lumber
Company, Limited; and its Domicile is
'Irrshy established in the Town of Bayon
sara state OF Louisiana, and under its
Sa'l Corporate name, said Go. poration
shall haverower and authority to con-
tract, SIZE and he sued, and make and
use Corporate Seal and the same to
break and alter at plrtsurp, TO hold re.
"rivr, have, purchase, improve, ALLEVIATE,
convey, sell, borrow, pledge, mortgage
and hypotheaate under the said Corpn-
rate nhnlc property, real, personal and
'm'Sed, I" name ond appoint such officers,
directors, ag"nts and managers or en-
pl0yecs as the interests OF conyaoirnrc ~
said Corporation may req lirc, ttr max
and establish bylaws, ruhs and req
Nations for the proper management ara
regulation of its affairs AZ may be dccrcc.l
necessary and proper and the same t.
'Eahge ami alter at pleasure and to dc
vi other acts and things pcrmittrd hy
aw Or as shall or may be necessary. and
properly to carry ont the objects and
purposes of said Corporation.
Said Corporation unless sooner dis
OWED ~ accordance with it's Chart,
hall exist and continue fer the period of
from and after the dat,
ere0f. Tho President or in his absence
he Vice President shall be The prorr
erson upon whom itatiou or OTHER l,..
al process shall be served.
.rticlo 2nd I
The objects and purposes for which
his Corporation tx formed and the ma /;
Irc OF the business to be carricd'o on by i,
re declared to be the following TO Wit:
The purchase and sale of and mann.
'rtury of timber into Lumber nm,
l'l,'gles latlls and other products Of
mlnr.
rticle 3r.l
The Capital Stock of said CorpoYa-3
ON shall be Eight Thousand i,nllars
l'ided into and represented by Eighty
hares of the sum of One Hundred Dol
RS each; which said Stocks shall lu
'iti for in Cash at the time of subsclip.
on or the slime may he issnesl mt moi
~ than par. in payment or exchange
II property or rights Actually received
purchased by said CORPORATE III or thu
me may be Issued full raid for money
tvahced and for such other valuable
or services rs the Boart;
Directors of said Corporation shall de.
rniihe, provided that no Stock shall be
sued until the consideration thereto,
" been received by the said Corpora
Dli.
ANY Stock holder may sell, assign or
anstrr his Stock in This Corporation
divided Thirty days prior notice of snch /
t"ntion to sell, assign or transfer the /;
me, he given the Company, and thc1
her Stock holders thereof shall have
e first privilege of purchasing the same
ter which Thirty days ,,notire the said
ock may he sold ia om,, market.
The stock of the said Company my /
under he above conditions provided
ch transfer thereof be made on sthc !
mks of said Company ut it's office ir 4
lyou Sara aud Oh tlir surrender Gf the
rtliicaie therefor. No transfer of any !:
sc; io'nl part of u share shall m made
This Corporation shall Commence do (
business IN soon as one half of the 4
pital Stock shall have hren subscribed
;. he Board Of Directors shall have
= right to determine how much stock A
ill lp issued. <
ticle lth (
The Corporate powers of this Com !
ny shall be vested in and exercised b, Z
'oalal OF Three Directors. consisting a
President, Vice Erosi.lpnt and Sccrstar, I
10 shall he eX-oflirio Treasurer. :
No person shall be eligible as direct 4
or az an officer who is not Stock <
der ol this Company. I
During the absence of the President !
} Fiea President shall act and preside !
his place.
Said Board shall continue in office !
I'll Jnny IL, 1901 On when lalo and I
'reafter annually board of Directors
III be elected on the 15tll,lay in.Ianuar,
zach year unless the same should be II
iday, when tho election shall be held 4
nefnext legal day thereafter. +
Notice shall bo given of each election
mt least Thirty days continuous publ
ion Immediately proceed ny each cleo (
a in u ncwspp per Published in this
isli, and the Board of Directors shall
'oint one or more Stock holders to pre- 4
y ut such election as commissioners.
In the event Of the failure of any :
missioner or commissioners To attend l.,
President by appointment shall fill
vacancy. ~-u
Any failure from any cause wl,atso- :
r to elect Directors the day named for ii
t purpose shall not dissolve the Corm- &
ion; but the Directors then in Office az h
! as the officers of said Company shall II
d ever until their successors are d
sen, in such event the President shall q
no another election to be held within n
rty days and shall give notice thereof b
lcrcinhcfore provided. II
At every election and meeting each n
II. L.. Il II.