The true Democrat., 1900-01-27
ii,..ti".. -; !; ,tAh sF.tfG~t
III MbEis GO. LIMITED.

\
aiid'e .peciatiy of Act Nnmher 'i'hirty-Six
of 1858 Of the General Assembly of I.oni-
slana, they have epyonantctl and agreed
and by these presents covenant aud agree
and bind themselves as we'll as such oti,-
er l,ersons>;is may hereafter be associated
with them to form aud constitute ID Car
porati III and body polite in law for til"
purpose and objects under til, Stipula-
tionS, articles and conditions following
to-Wit:
Article lat
ihc rame aud title of the said Cor
pnration shall be the BayGu Sara Lumber
Company, Limited; and its Domicile is
hereby established in the Town of Bayou
Sara State Of Louisiana, and under its
said Corporate name, said Corporation
shall have power and authority to CON
tract, sar and he Sacl, and make and
use n Corporate Seal AID the same tn
break and alter at pleasure, to hold, re-
criyr, liayc, purchase, improve, ALLEVIATE,
convey, sell, borrow, pledge, mortgage
and hypothrcate under tl;e said Curpn-
rate nane property, real, personal and
mixed, t" name old appoint such officers,
directors, agents and managers or EN-
p'oyrrs as the Interests on CONVEX i,.llcr of
said Corporation may rrgrire, to niakp
and establish bylaws, rules and req
ulatianS for the proper management and
regulation m its affairs rs may he ,lrcrer,!
necessary and proper aLd the zane t.
change and alter ut pleasure and to do
all other acts and things pwniiitrd by
law or as shall or l!l:ty be necessary, and
property to carry ont the OBJ els ANA
purposes of said Cooperation.
Said Corporation unless sooner dis.
solved in accordance with its Charter
shall exist and continue for the period Of
from and after, the date
hereof. "heA resident OF in his absence,
the Vice President shall b" the proper
person upon whom Citation or other le-
gal process shall be sclye,l.
Article 2nd
The objects aud purposes for which
this Corporation is fer,ae,l an.l the ma
ture of the business to be carried on iy il
are declared To l,c the following to writ:
The purchase and sale of an.l manu-
faciury sf timber into Lumber aud
Shingles latlls and other rrr'ucte 'cf
timber
Article 3rl
Vie Capital Sto.k of said Corpora
ion shall be Eight Thousand Dollars
divided into and represented by Eighty
Shares of TIN sum of One Hundred Dol
lars each; which said Stocks shall BE-
paid for in Cash ut the time cf su,srrip-
tiun or the same may be issnel at not
less than par iii in~paymcnt or exchange
for property or rights actually received
as purchased hy Sai, Corporation .r the
sane may BIZ issued fuIl paid for money
advanced and for snrh other yGt;E}hir
considerations or services rs tho icau.
of DIRECTORS Of said Corporation sllal dr.
trrinincSprori;'sd that no 1tauI; shall bn
isSu"'! mt! the utlsidcratinn therefor
has !'ea:i received Is til" sail Corporal
ton.
!.i:y Stock i;old,r May sell. assign or
transfer His Stock il this Corporation
provided Thirty days pro. notlce nt siIcli
Intention t"' skill, assign or ttaHsEer The
same, be given til:. C"nipany, i'utl the
other Stock lo,,s,.iS iEarcof Sha!l have
the first privilege OF purchasing thr s;;hle
after which rhir y days ..noti.e the said
Stock may hr sold in open market.
The stock of the said Compa;'y may
he under the above conditions provided
such transfer thereof be made on the
Bcokspf said Company ut its office in
a. Il a..
Certificate therefor. No transfer OF any
fractional part of share shall hr nGntlr.
This Corporation shall commence do
ing business an soon rs one half of the
Capital Stock shall have been subscribed
for. he Beard of Directors shall bave
tluNright to determine how much stock
shall be issued.
Article iti,
The Corporate rewcrs of this Com
pany shall be vested in and exercised by
II Board of Three Directors, consisting
of President Vice President AMI Secretary
who shall be ex-ofticio Treasurer.
Nol,erson shall he eligible rs direct
or or rs an officer wha is not u Stock
holder ol this Company.
During the absence of tic President,
the Vice President shall act and preside
in his place.
Said Board shall cantinue in office
until Jany Is, 1901 or which date and
thereafter annually u board Of Directors
shall be elec. et Oh the l5thlay III .Jannary
of each year unless the same should he a
holiday, when the election shall be held
on tine next legal day thereafter.
Notice shall )t given of each election
by at least Thirty days continuous pnili-
cation Immediately preceding eacllclrc-
tion in a.newsp per published III this
parish, and the Board of Directors shall
appoint one or mole Stock holders to pre-
side ut such election "a commissioners.
In the event of the failure Of any
commissioner or commissioners 10 attend
the President by appointment shall fill
the vacancy.
Any failure from any 'causs wlatso-
ever to elect Directors the day named for
that purpose shall not dissolve the Corpo-
ration; but the Directors then in office rs
well as the officers of said Company shall
hold over until their successors are
chosen, in such event the President shall
cause another election to be held within
Thirty days and shall give notice thereof
as hcrcinbafUe provided.
At every election and meeting each
Stock holder shall bc entitled to vote for
each share of Stock registered in his name
and may yote by proxy. The election for
Directors shall be by ballot anil the MA
iority in amount of votes east each share
of Stock voted npon to be counted for
one vote shall elect the person or persons
for whom they have been cast. After
each cleciiontllc Board of Directors shall
elect from their own number the officials
of said Company.
Article 9th y