The Natchitoches enterprise. (Natchitoches, La.) 1888-1965, 1902-06-26

named and undersigned, came and APP
peared the persons whose names are
hereuntO subscribed, who declared that
ayailing themselves of the provisions OF
the laws of this state relative to the or
ganizatiOn of corporations. they have
covenanted AID agreed and by these
presents do covenant and agree aud
bind themselves and those who may
hereafter become associated with them
to form and constitute Il corporation and
body polite in law for the objects and
purposes and under the articles and
EtipulatiOns following, tO-Wit:
ARTICLEl.
The name and style of said corpora
ton shall be THE BAYOU PIERRE
SINGLE AND LUMBER COMPANY,
LIMITED. and under it, said name it
shaIl have power and authority to con-
tract: sue and be sued: t" make and use
Il corporate seal, and the same to alter
or break at pleasure; to hold. receive.
have. purchase, ALLEVIATE. convey. sell
pledge. mortgage, hypOthccate or lease
property. real ana personal and mixed;
to name and appoint such officers. di-
rectOrs. agents anG employees a the in
tereStS and convenience Of said cOrpO-
ration may require; to make and CStab-
li>h bylaws. rules and regulations, for
The proper management of its affairs rs
may be deemed necessary and proper,
and the same to alter or change at pleas
ure; and generally TO do all other acts
and things necessary and proper TO
carry out the Objcct and purposes of
said corporation.
This corporation. unless sooner dis
Olved aS hereinafter provided. shall pX-
list and continue for the period Of nine
ty-nine years from and after the date
hereof
NJ citations or other legal process
shall be served upon the president, or
In his absence on the vice president or
in their absence upon the secretary.
ARTICLE IL
The objects and purposes for which
this corporation Is organized and the
nature Of the business 10 he carried on
by it are declared TO be: to conduct
general saw mill and rumber business, |
manufacturing, buying and selling tim
Dor, lumber and shingles.
ARTICLE III.
The capital stock of tnis corporation |
shall be Fifty five hundred dollars, dI |
vided into and represented by fifty live
Dollars each, which stock shall br paid |
for in cash, or property rights and cred
It's actually received by SAID corpora
lion; provided, that no stock shall be
issued until the consideration therefor
has been received by said corporation.
Any stakeholder NAV sell. assign or
transfer his stock in said corporation.
provided, thirty davs' ROTH e of his in
tentiOn TO sell, assign or transfer the
same, be given the corporation IN writ
iug, and the other stockholders shall
have The first privilege Of acquiring
same.
The stock OF said cooperation may be
Transferred under the above conditions,
but no transfer shall affect The cOrpo-
ration unless made on the books of the
corporation at us office III the Town Of
Derry. in sal parish IF NatchItoches.
where said corporation shall be dOmi-
cilcd, and only on the surrender of The ;
certificate therefor.
This corporation il authorized TO com :
mencc business when Fifty five hundred :
dollars of the capt al stock shal have
been subscribed and paid for.
ARTICLE ".
The corporate powers of this compa-
ny shall be vested IN by board of d.
rectOrs, composed of four % stock
holders. The following persons shall
constitute the first buarl IF directors:
l.. Chopin, &. =. Hale, II. G.. A Pecqupt
and A, Ii. Spencer. with J. Chopin
president; 1. ). Hale, wee president. !
md X. &. \. Pecquct, secretary and i
Treasurer. I
The said officers and directors shall v
hold their offices until the First Monday c
IN June, 1908. or until their successors :
hall have been duly elected and quail n
lied. On the said FIRST Monday in June '
1903, and annually thereafter, board 4
II directors shall be elected, unless said
lay shall be legal, holiday, when The p
aid election shall be held the day fol- q
owing said holiday. notice of SAID cleo
ion shall be given by ten days pubIica X
ion IN one of the public newspapers
published in said parish.
Tue hOald of directors shall appoint -
me or more stockholders 10 preside at
uch election, Any failure from anv
ause whatever to hold said meeting. or
0 eject sand board of directors on the
ate named for that purpose shall not =.
issolye said corporation. but the direc- r.
Ors then III office shall hold over until q,
helr successors are chosen and qualified Il
AT every election and stockholders 9,
Meeting each stockholder shall be Gu :,
tiled 10 one vote for each share of stock ~
e GisIered on the books of the corpora A
ION in his name; votes may be east in W
erson or by proxy authorized In writ +,
1g. After each election the board of r,
irectors shall elect from their number a,
ne above named officers. ~
ARTICLE p
This charter may be changed, altered p
amended. Except 10 increase or de-
reaSe the capital StOck). or the CorCO- e
alton may be dissolved at "A general Ill
leeiing of the stockholders convened ca
'r that purpose, with the assent of SC
vo-ihirds of the capital stock Ten 81
avs prior noIiceF of such meetings shall es
E given by publication as herein be. la
IRE provided. In case of the dIssolu- II;
on OF this corporation by limitation or III
.herwise its affairs shall be liuuidated ST
Y commissioners selected by and from :
&c stockholders at a meeting called for pc pc
lis purpose after due notice. lii
ARTICLE VI. su
No stakeholder shall ever be held la di,
e or responsible for the faults or con a,
acts OF the corporation in any fur bo
er sum than the unpaid balance due {
e corporation on the shares of stock nj
described for and owned by him, nor II
all any informality in organization tn,
I'VE the effect Of rendering this charter TO
III, or of exposing a stakeholder 10 Of
" liability beyond the amount OF his of
Ock. pie
Done and passed ut my office in said
irish on the day first above written, in Sc
essence OF Garnet Rillui and II II