St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1902-07-05
CHARTER
OF
Covington Lumber and Manu-.
featuring Company, Limited

. Covington Lumber and Manu-
+ featuring Company, Limited,
United States of America, State O
Louisiana. Parish of st. Tammany.
BE IT KNOWN, That on this 2Otl
day of the month Of May, in the year o.
our Lord one thousand nine hundred
and two, before me, Harrison r. War:
J rem, Clerk OF Court and ex- officio notary
public, in and for the Parish of St
Temmany, La, duly commissioned and
qualified, and in the presence OF the wit:
nesses hereinafter named and under
signed, personally came and appeared
the persons whose names are hereunto
subscribed, who d eclare that, awaiting
themselves of the provisions Of the laws
Of this State relative to the organization
OF corporations, they have covenanted
and agreed, and do by these presents
covenant, agree, bind, form and consti-
tute themselves. as we'll as such person
or persons as may hereafter Join or be-
come associated with them, into cor
poration and body polite in law, for the
objects and purposes and under the
agreements and stiipulations following,
tO-wit:
ARTICLE l
The name and style Of this Corpora
ton shall be COVINOTON LUMBER
AND MAN RING COMPANY,
LIMITED, and by that corporate name
said Company shall have power and
authority to have and enjoy succession
for the period Of fifty (5O) years; to con-
tract, sue or be sued in its corporate
name; to make and use corporate seal;
to hold, have, purchase, convey, mort
gage, hypothecate, lease, receive or
pledge property both real and pei sonal;
to lend or borrow money on mort
gage or otherwise; to have and
employ such managers, directors, off,
GERS, agents and other employees as the
interest and convenience Ut said corpo-
ration may require, and to make and
establish such by laws, rules and regu.
latio1s for the management and control
of the affairs Of said Corpor Ation as may
be necessary.
ARTICLE II.
The domicile ofsaid corporation shall
be in the town OF Covington, St. Tam
many Parish, La, and all citations and
other legal process shall be served OF
| the President, and in his absence, on
the Vice President OF said Corporation.
ARTICLE III.
The objects and purposes for which
this Corporation is formed, and the ma
ture CT the business to be carried on by
If rod f<N ho, nd txH
mill or mills in the Parish OF st. Tam
many, or elsewhere, for the manufacture
and sale of lumber, laths, shingles,
mouldings, sash, doors, blinds, furniture,
wooden ware, and other articles that
may be manufactured from wood; to
lease, buy and 4ell timber and timber
lands and other real estate; to carry on
a general mercantile business; to build,
lease. OWE and operate barges, lighters,
sailing or steam vessels, ald to con-
struct, maintain, lease and operate tram
roads or railroads, for the transporta-
ton of logs. lumber, merchandise and
passengers; to make contracts for the
construction or repair OF buildings,
structures, and all works Of public i'm
provement, and to construct and repair
the same; and generally to do all things
aud engage in I'LL enterprises in any way
connected with or beneficial to the OBJ
'jects and purposes above set forth.
ARTICLE w.
The capital stock OF this Corporation
is fixed at the sum of ten thousand
dollars, to be represented by one hun
dred shares OF the par value of one hun
dred dollars each, and said Cor poration
shall commence business as soon as ten
thousand dollars of such capital stock
is subscribed. The capital stock afore-
said may be increased by vote of the
stockholders owning two thirds Of all |
the stock Of said corporation, at meet
ing called especially for that purpose in |
che manner provided by law. All stock |
shall be paid for at such times as may
be fixed by the Board of Directors, or
the same may be issued at not less tnan !
par for labor done, services rendered,
or money or property actually received
or purchased by said Corporation. All
shares of stock shall be- full paid and
ARTICLE V.
All the corporate powers Of this CON-
pany, and the management and control
Df It's business. shall be vested in aud
exercised by Board Of Directors CON-
posed OF not less than three nor more
than five stock holders, a majority Of
whom shall constitute quorum for the
of business.
The following PERSONS, subscribers
or the capital stock, shall constitute
he first Board of Directors. to-wit:
Z. II. Hackney, President; Emile A.
4eonval, Vice President; j. Adolph
'lenuet, Secretary and Treasurer.
Such officers and Board of Directors
hall continue in "tfice until the second
Monday in May, 1903, on which date,
nd annually thereafter, Board Of d.
ectors shall be elected, who shall elect
heir officers for one year or until their
successors ale erected and qualified, and
70 failure to elect shall be regarded as
forfeiture Of this Charter. Any va
aucy occurring Oh said Board shall Do
He'd ty the remaining Directors for
ne balance Of the unexpired term.
ARTICLE vi.
This Act of Corporation may be
hanged, modified or altered, or this {
rganization may be dissolved, with tho
ssent of three fourths OF the stock \
resent or represented at general
eeting convened for that purpose, {
tier ut least ten days written notice Of
lch meeting shall have been given to
lch stakeholder ut his last known n
ace OF residence. e
ARTICLE VII. o
No stakeholder shall ever be held l
able ar raSDOn, ihl., for tha contracts u
debts Of said Corporation, nor shall =
~ mere informallty in organi1ationsl y
I'VE the effect Of rendering this charter
Ill or OF exposing a stakeholder to =
y liability beyond the unpaid balance !"
IL on the shares owned by him. 81
ARTICLE VIII.
No stakeholder shall have the right .,