St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1902-12-27
St. Taa''aany farntrr.
December ~, 1902.
CHARTERS

CHARTER
OF
GreenlaW Lumber Company,
Limited.
United States of America, State of
Louisiana, Parish of St. Tammany.
BE 1T KNOWN, That on this fourth
day of the month Of December, in the
year of our Lord one thousand nine
hundred and two, before me, Joseph B.
Lancaster, Notary Public, in and for
the Parish of St. Tammany, Louisiana,
duly commissioned and qualified, and
in the presence of the witnesses herein
after named, personally came and ap-
peared the persons whose names are
hereunto subscribed, who declare that,
availing themselves of the provisions
of the laws of Louisiana relative to the
organization Of corporations, they have
covenanted and agreed, and by these
presents covenant and agree to form and
constitute themselves, as we'll as such
person or persons as may hereafter join
or become associated with them, into a
corporation and body polite in law, for
the objects and under the agreements
and stjpulatlons following to-wit
ARTICLE l.
The name and style of this corpora
ton shall be GREENLAW LUMBER
COMPANY, LIMITED, and by that
corporate name such company shall
have power and authority to have and
fDr hov tod ~ ~ ~
nine years; 10 contract, sue or be sued
in it. corporate name; to make and use
n corporate seal; to hold, have, purchase,
convey, mortgage, hypothecate, lease.
receive or pledge property both real a:ld
personal; to lend or borrow money on
mortgage or otherwise; to have and en-
Joy such managers, directors. officers,
agents and other employees as the in
terest and convenience of said corpora
ton may require; and to make and es-
tablish such bylaws, rules and regula-
tons for the management and control
of the affairs of said corporation
as may be necessary.
ARTICLE II.
The domicile of said corporation shall
be in the town Of Covington, St, Tam
many Parish, Louisiana, and all eta
tions and other legal process shall be
served on the President, and in his alb
sence on the Secretary or Treasurer Of
said corporation.
ARTICLE III.
The objects and purposes for which
this corporation is formed, and the ma
ture of the business to be carried on by
it are declared to be: to run and operate
mill or mills In the Parish of St. Tam
many, or elsewhere, for the manuiac-
ture and sale Of lumber, laths, shingles,
nouldipgs, sash, doors. blinds, furni-
ture, 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 business for the manufacture
and sale Of Turpentine and Charcoal,
and a general mercantile business; to
build, lease, own and operate barges,
lighters, sailing or steam vessels, and
to construct, maintain, lease and operate
tram roads or railroads, for the trans
portation 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
objects and purposes above set forth.
ARTICLE ".
The capital stock of this corporation
is fixed at the sum Of seventy thousand
($7O, 100000 dollars. to be represented
by seven hundred Shares of the par
value of one hundred ($1OO.00) dollars
each, and said corporation may CON-
mence business as soon as stock is sub
($50O0.00) of such capital five thousand
scribed. The capital stock aforesaid
may be increased by vote of the stock
holders owning two-thirds CD OF all
the stock of sail corporation, at "a meet
ing called especially for that purpose in
the manner provided by law and the by
laws Of the corporation. All stock
shall be paid for at such times as may
fixed by the Board Of Directors, or the
same may be Issued at not less than par
value 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. No stock holder shall
have the light to sell any of the shares
of stock held BY him until he snail have
first offered su;h shares in writing, to
the other stockholders through the
Board of Directors. and such other
stock holders shall have the privilege
Of purchasing such shares within thirty
days thereafter for cash at their actusi
market value. All certificates of stock
shall have printed upon their face the
following: This certificate is issued
and held subject to all conditions and
restrictions set out in the charter"
ARTICLE V.
All the corporate powers OF this CON-
pany and the management and control
of its business shall be vested in and
exercised by Board Of Directors, COM
posed of three stock holders, a majority
of whom shall constitute quorum, for
the transaction of business. The first
Board of Directors of said corporation
shall be elected by the stock holders at
the first annual meeting of the stock
holders to be held on the second Mon
day of December, 1902, and shall con-
tinue in Office until the next annual
meeting thereafter, or until their sue
ccssors are elected and qualified, and
no failure to elect Din ectors or officers
shall be regarded as forfeiture Of this
Charter. Immediately after such first
annual meeting of stock holders. and
annually thereafter, the Board Of Di-
rectors shall elect a President, Secre-
tary and Treasurer. The office OF Sec
rotary and Treasurer may be held by
the same person. The officers so elect
ed shall continue in office until the next
annual meeting of the stock holders, or
until their successors are daily elected
and qualified. Any vacancy occurring
in any Office or in the Board Of Directors
shall be filled by the remaining Direc-
tors for the balance of the unexpired