St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1902-07-26
CHARTER
OF

CoVingtOn Lumber and Manu-
featuring Company, Limited
Z nited States of America, State OF
Louisiana, Parish Of st. Tammany.
BE IT KNOWN, That on this goth
day of the month of May, in the year OF
our Lord one thousand nine hundred
and two, before me, Harrison r. War
rem, Clerk Of Court and ex- of1icio notary
public, in and for the Parish of st.
Temmany, La, duly commissioned and
qualified, aud in the presence OF the wit
nesses hereinafter named and under
signed, personally came and appeared
the persons whose names are hereuntO
subscribed, who declare 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 a cor
poration and body polite in law, for the
objects and purposes and under the
agreements and stiipulations following,
to-wit:
ARTICLE |
The name and style of this Corpora
ton shall be COVINOTON LUMBER
AND MANUFACTURING COMPANY,
LIMITED, and by that corporate name
said Company shall have power and
authority to have and enjoy succession
for the period Of fifty 600 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 PERSONAL;
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 of said corpo-
ration may require, and to make and
establish such by laws, rules and regu-
lations for the management and control
of the affairs of said Corpor alton 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 on
the President, and in his absence, on
the Vice President of said Corporation.
ARTICLE LII.
The objects and purposes for which
this Corporation is formed, and the ma.
ture CT the business to be carried on by
it, are declared to be; to run land operate
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 sell timber and timber
lands and other real estate; to carry on
general mercantile business; to build,
lease. own and operate barges, lighters,
sailing or steam vessels, ald to con-
struct, maintain, lease and operate ira III
roads OF 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
and engage in all enterprises in any way
connected with or beneficial to the Oh
jects and purposes above set forth.
ARTICLE ".
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 Corporation
shall commerce 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 a meet
ing called especially for that purpose in
the 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 than
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
worcestershire:
ARTICLE V.
All the corporate powers Of this conf
pany, and the management and control
of it's business, shall be vested in and
exercised by Board of Directors COM
posed of not less than three nor more
than five stock holders, a majority of
whom shall constitute quorum for the
transaction Of business.
The following persons, subscribers
e., ~ if,1 ~%< oh To
the first Board of Directors, to-wit:
r. II. Hackney, President; Emile A.
Leonval, Vice President; J. Adolph
Menuet, Secretary and Treasurer.
Such officers and Board Of Directors
shall continue in office until the second
Monday in May, 1903, on which date,
and annually thereafter, a Board OF Di-
rectors shall be elected, who shall elect
their officers for one year or until their
successors are elected and qualified, and
no failure to elect shall be regarded as
a forfeiture of this Charter. Any va
cancy occurring on said Board shall be
flied by the remaining Directors for
the balance Of the unexpired term.
ARTICLE VI.
This Act of Corporation may be
changed, modined or altered, or this
organization may be dissolved, with the
assent OF three fourths of the stock
present or represented at = general
meeting convened for that purpose,
after at least ten days written notice OF
such meeting shall have been given to
each stakeholder at his last known
place OF residence.
ARTICLE VII.
No stakeholder shall ever be held
liable or responsible for the contracts
OF debts Of said Corporation, nor shall
any mere informally in organization
have the effect Of rendering this charter
null or of exposing a stakeholder to
'lny liability beyond the unpaid balance
due on the shares owned by him.
ARTI('T r. VIII