St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1902-08-09
CHARTER
Covington Lumber and Manu-
featuring Company, Limited
United States of America, State Of
Louisiana. Parish of st. Tammany.
OF

United States of America, State Of
Louisiana. Parish of st. Tammany.
BE 1T KNOWN, That on this 2Otll
day of the month Of May, in the year OF
and two, before me, Harrison Il. War
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 declare that, awaiting
themselves of the provisions Of the laws
of this State relative to the organization
OF corpora tions, 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 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 (50) 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 IL.
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, or
the Vice President OF said Corporations
ARTICLE III.
! 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 and operate
a 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 thai
may be manufactured from wood; K
lease, buy and cell timber and timber
lands and other real estate; to carry OF
a general mercantile business; to build
lease. own and operate barges, lighters
sailing or steam vessels, AID to con
struct, maintain, lease and operate ira n
roads or railroads, for the transporta
ton of logs, lumber, merchandise ant
passengers; to make contracts for tn
construction or repair of buildings
structuros, and all works Of public i'm
provement, and to construct and repai
the same; and generally to do all thing
and engage in all enterprises in any wa.
connected with or beneficial to the oh
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
bred shares of the par value ofone hun
dred dollars each. and said Corporation
shall commence business as soon as tel
thousand dollars OF such capital stool
is subscribed. The capital stock afore
said may be increased by q vote of tn
stockholders owning two thirds OF al
the stock of said corporation, at meet
ling called especially for that purpose II
the manner provided by law. All stool
shall be paid for at such times as ma,
be fixed by the Board of Directors, o
the same may be issued at not less thai
par for labor done, services rendered
or money or property actually receives
or purchased by said Corporation. Al
shares of stock shall be full paid an
non assessable:
ARTICLE V.
All the corporate powers of this com
pany, and the management and cOntro
of its business, shall be vested in all
exercised by Board of Directors com
posed of not less than three nor NOR
than five stock holders, majority q
whom shall constitute quorum for tn
transaction of business.
The following persons, subscriber
, for the capital stock, shall constitut
} the first Board of Directors, to-wi1
, II. H. Hackney, President; Emile A
> Leonval, Vice President; ]. Adolp
Menuet, Secretary and Treasurer.
) Such officers and Board of Director
shall continue in office until the secon
Monday in May, 1903, on which date
and annually thereafter, Board of ID
rectors shall be elected, who shall cleo
their officers for one year or until thel
. successors ate elected and qualified, an
no failure to elect shall be regarded a
forfeiture of this Charter. Any va
cancy occurring on said Board shall b
filled by the remaining Directors 10
the balance of the unexpired term.
ARTICLE vi.
This Act of Corporation may b
changed, modified or altered, or thi
organization may be dissolved, with tn
assent of three fourths of the stoc
! present or represented at q genera
7 meeting convened for that purpose
after at least ten days written notice Z
such meeting shall have been given t
each stakeholder ut his last know
place OF residence.
ARTICLE VII.
No stockholder shall ever be he'll
liable Or responsible for the contract
or debts OF said Corporation, nor shal
any mere informality in organization
have the effect Of rendering this charte
null or of exposing stakeholder t
any liability beyond the unpaid baianc
due on the shares owned by him.
ARTICLE VIII.
No stakeholder shah have the RICH
to sell any of the shares Of stoc:. he'll
| ~, h in, ,,uAi1 no chu havo 4rct f,ffA~o