The true Democrat., 1900-02-24

3 '-.s. 49,. ~, -s....4, ! ~.
Glil1!si.s Of i;;..iOI sara
LUMBER co. LIMITED.
Act of Incorporation nf the Bayou
Sara Lumber Co., I.imitei.
State Of Louisiana tParish of West
Fcliciana
Before the undersigned authority
duly commissioned and qualified in and
for the said parish aud State on this the
10th day of january A. d. 1900.
Came and appeared the parties whose
names are hereinto subscribed, all of full
age WHO declared that awaiting them
selves OF the provisions ut the laws of
this said State relative to Corporations
and especially of Act NnmbcrThirty-S
! of 1883 of the General Assembly of Loni-
| s!ana, they liavn coyenantcd and agreed
| and by these presents covenant and agree,
| and biad themselves as @ell as sueh 9TH
er persons rs may hereafter he associated
with them te form and constitute Cor
poratinn and body polite in law for til"
purpose and objects under the xtipula-
tions, articles aHd conditions following
| tO-wit:
Article 1st
The name and title of the said Cor
poration shall he the Bayou Sast Lumber
| Company, Limited; and it's Domicile is
hereby established in the Town of Baynu
Sara State OF Louisiana, and under its
said Corporate name, said Corporation
shall have power and authority to con-
| tract, sue and l.e sued, and make and
use - Corporate Seal and the same to
break and alter ut pleasure, 10 hold, re-
ceivc, have, purchase, Improve. alternate,
convey, sell, borrow, pledge, mortgage
and hypOtheeate nnder the said Corp0-
nate nanh, property, real, personal and
mixed, to name olid appoint sucl, officers,
directors, agents and nanagrrs or en-
plOyeps as the interests or convenience of
said Cormratim may eqnire, to make
and establish bylaws, rules and reg
ulatioIs for the proper management and
regulation Of its affairs as ,iay l,e tlrcrccl
nccess;wy and proper and the same tn
change and alter at pleasure aid to do
all other acts and things permitted by
law or AZ shalt or may be neerss:,ry, and
properly to carry ont the objects and
purposes of said Corporation.
Said Corporation Unless sooner dis
solved in accordance witli it's Charter
shall exist and continue for tho period of
from and after the date
hereof. The President or in his Absence.
the Vice President shall he the proper
person upon whom itation or other L.
gal process shall be served.
Article 2nd
The objects aud purposes for which
this Corporation is formed and tho na-
ture of the business to be carried on by il
are declared to be the following to wit:
The purchase and sale of and manu-
| factury of timber into Lumber and
shingles laths and other product, of
| timber.
! Article 3rl
The Capital Stock of said Corpora
tion shall be Eight Thousand Dollars
divided into and represented by Eighty
Shares of the sum of One Hundred Dol
lara each; which said Stocks shall be
| paid for in Cash at tho time of sul,scril,-
tion or the same may he issued Mt not
less than par in payment or exchange
for property or rights actually received
" purchased by said Corporation or th,
same may he issued full paid for money
advanced Dnl for such Other valuable
considerations or services as tlls Beard
pf Directors of said Corporation shall de-
| terinilie, provided that no Stock shall liz
| issued until tho consideration therefor
has been received by the said Corpora
ton.
Any Stock holder may sell, assign OF
transfer his Stock in tllis Corporation
provided Thirty days prior notice of sncl
Intention to s"ll, assi"a ar transfer tn.
salne, |e given the Company, and the
.ther Stock llaldeFa thereof shall have
the first privilege of rurfhasing the same
i,ftrr which Thirty days ..B1iice the said
Stock may be sold iii opei, market.
The stock of the said Cowl,t,iy may
5c UndUf the alseyc pOHditiana provided
such transfer tl,eyeof be made Oh tht
Books of said Company ut i:s Office il
| Bayou Sara and OF the surrender of the
Certificate therefor. No transfer OF any
fractional part of share shall he made.
This Corporation shall cnp,a,fuce do
iEg business III soon as oiF half Of the
| capital Stock shall have been subscribe Il
for. l he Board Of Directors shall have
the right to determine how much stock
shall bc issued.
Article It'll,
The Corporate powers Of iliia Con-
pany shall be vested in and exercised by
u Board of Three Directors, consisting
Vt President, Vice President and Secretary
| who shall bo ex-ofticio Treasurer.
No person shall be eligible nv direct.
or or as an oiiir,rr who in not q Stock
holder oil this Compaiy.
During the abacnce of the President,
the Vice President shall act and presid.
in his place.
Said Beard shall continue in office
until Jany 10, 1901 on whiea .date and
thereafter annually u lairsl Of Directors
shall be elected on the l5tIlday in .Jannary
Of each year unless the same should be u
holiday, when the election shall le held
on the next legal day theYrHftes.
Notice shall b. given of each election
by at least Thirty days continuous publ
cation Immediately prcccd'n 'ng each. elec-
tion in q newsp"per published IN this
parish, AMI the Board of Directors shall
appoint one or more Stock holders to pre-
side mt snci election AZ commissioners.
in The event of the failure of any
commissioner or commissioners TO attend
the President by appointment shall fill
the vacancy.
Any failnre from ,pny 'eanse whatso-
ever to elect Directors The day named for
that purpose shall not dissolve the Corpo-
r,tiun; but the Directors then in Office as
we'll as the officers of said Company shall