The St. Mary banner., 1902-05-10

have power to exist and enjoy succession for the
erm Of s ysaEs from date Of this 'et'
The domicile of this corporation shall be in the
town of Patterson. Parish OF st. MARY. State Of
Louisiana and all citations othor legsl process,
shall bc served on the President and in his absence
or rinablity to act upon the vice-Fresidcnt Of said
corporation
II shall have power to contract sue and be sued.
to make and execute corporate seal. and tho ssns
to break alter at pleasure: to hold receive, rent
purchase, sell and convey as well rs mortgage and
hypOthccate under its corporate name, property.
both real and PERSONAL to borrow and lend money:
to execute notes and bOnds to name and appoint
such managers, directors. officers, overseee and
agents the interest and convenience Of said cor
pOraton may require to make and establish such
bylaws, rules and regulations for said corporation
may be necessary and proper and tho same to
alter and amend at pleasure and generally to Dc
everything necessary to carry out the objects and
purposes of the corporation.
ARTICLE III.
The objects and purposes for which this corpora.
tior Is organized and the nature OF the business to
be carried on by it declared to be:
To carry on general lumber business; to man.
ufacturc and sell lumber to buy timber and tim.
Der lands; and to build and operate railroads, can
boats barges pull boats skidders, ETC., to be used
in connection with its busincss to own, build and
operate such saw mills, planning mills, dry kilns
sheds, etc. as they may deem necessary i'm con.
lumber. logs, and timber of all kinds. telephone
and telegraph lines and also TO own and operate
deem necessary or convenient.
ARTICLE ".
The capital stock OF this corporation shall bo
Two Hundred and Fifty Thousand Dollars t$250.
600, to be divided into Twenty Five Hundred
(250O) shares of the par value of One Hundred Dol
lars ($10O) each, which shall be paid for at such
times in such manner and in such amounts ~ the
Board OF directors may require; and such stock
may be issued for cash paid to the Company or for
property conveyed to, or labor done for 1t. The
corporation may commence business as soon a its
ha,n hrAv> shnlS
Transfers of stock will not be recognized unlese
such stock is transferred on the books of the COM
pany by. the owner or his duly authorized agent.
No stockholders can sell any portion of their stock
without first offering it to the company at its book
value.
ARTICLE V.
All the powers Of this corporation shall be vested
n and exercised by Board Of three 60 Directors,
each of whom shall own at least one share of the
capital stock of this company. Said Directors shall
be elected by ballot and under the supervision Of
two election commissioners, pointed BY the board,
at the annual meeting of the stock OF this
company, which annual meeting shall be held On
which meeting every shareholder shall have the
right in person or by proxy, to cast one vote on
each share of stock held by him. Two members Of
the Board of Directors shall constitute quorum.
Said Board shall have power to till all vacancies oc.
curing in the Board and all officers and Directors
shall hold and continue in office until their success
ors shall have been elected and qualified Tho an.
nual meeting of the shareholder shall be preceded
by ten days notice, published in any paper in ST.
Mary parish, and by notice mailed to the last
known address Of each stOckhslder at least eight
The Board of Directors shall have full power to
provide for general or speOiA Des610 q sharo'
holders or ofthe Boa.I ef Dkect&A Az -:
from the domicile Of the oonpsay, * Who mag -
prevented by sickness from attending, may give
written proxy to any other member OF said Board
of Directors to represent him all matters at any
meeting of the Board of Directors, whether special
or general. The first Board of Directors ef this
company, who shall hold Office until the 18th day
of January 1903, and until their successors are
elected and qualified, shall be +. b Williame. 7.
NJ. Williams and c. S. Williams, with +. B. VIII
lams as President, L. NJ. Wiliams. ns Secretary
The officers Of this company shall be u President,
a Vice President and Secretary and Trsssursr.
(The Secretary and Treasurer need not be share.
The Board of Directors sllau, at the first meet.
ing after their own election elect all the officers OF
this company.
This charter may be amended by vote Of the
majority of the shareholders held at general
meeting convened for that purpose aft<w ten days.
notice published in one of the daily new epapers Of
ST. Mary parish and after copy Of said notice Of
said meeting shall have been mailed to catch stock
holder at his address left with the Sec retary OF
ing; and the corporation may be dissolv ed With
the assent of three fourths of the stock represent
ed at such meeting. The capital stock Of this com
pany may be increased or diminished BY comply
ing with the general laws Of the State of Lo, usana
upon such matters.
ARTICLE VII
Whenever this Company shall be dissolved ,'sither
by the expiration of its charter sooner, BY vote
of the Shareholders two liquidators shall be elect
ed by the shareholders at general meeting Of the
shareholders held after fifteen days' notice. =
above provided. These liquidators shall have 0ull
power to liquidate all the affairs of the com:
pany and shall continue in Office until tho fuu
liquidation of the corporation, and in case OF tho
death Of either of them, the shareholder may
elect successor, or if they do not elect suocee.
sor the powers of both liquidators ahau be vested
i'll the surviving liquidators.
ARTICLE VIII.
No stockhOlder of this corporation shall over b
held liable or responsible for tho contracts 0r
faults of such corporation in any further SUM than
the unpaid balance due to the corp9ation sn tho
shares owned by him. nor shall any mere informal.
ity in organization have tho effect Of rendering this
charter null or of exposing shareholder to any
liability beyond the amount of his stock.
Thus done and passed at Patterson, La, On tho
day, month and year herenabOve frBt written in
the presence of Messrs. Vernon L Watson and
William B. Daniels, competent witnesses, Who
herenntO sign their names with the said appearers
and me, Notary, after due reading Of the whole,
The following persons have this day sub.
scribed and paid for the shares set opposite
their respective names,
Original signed.)
+. b. WILLIAMS,
L. NJ. WILLIAMS
GEO. +. KENDALL,