St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1902-07-19
CHARTER
OF
Covington Lumber and Manu-
featuring Company, Limited

Covington Lumber and Manu-
featuring Company, Limited
United States of America, Slate o
J, Louisiana. Parish of st. Tammany.
| BE 1T KNOWN, That on this 2Otl
day of the month OF May, in the year O
our Lord one thousand nine hundred
land two, before me, Harrison r. War
rem, Clerk of Court and ex-ofacio notar,
ipublic, 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 hereuntt
subscribed, who eclare that, availine
themselves of the provisions of the laws
of this State relative to the organization
of corporations, they have covenanteG
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
|
for the period Of fifty (5O years; to con.
tract, sue or be sued in Its corporate
name; to make and use u corporate seal;
to hold, have, purchase, convey, mort
gage, hypothecate, lease, receive OF
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-
latiOls for the management and control
of the affairs of said Corpor Ation 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 oa
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
it, are declared to be; to run and 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 DO manufactured from wood; to
lease, buy and sell timber and timber
lands and other real estate; to carry ON
a general mercantile business; to build,
lease. OWL and operate barges, lighters,
sailing or steam vessels, ald to con-
struct, maintain, lease and operate ira III
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
and engage in all enterprises in any way
connected with or beneficial to the OBJ
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 commence business as soon as ten
is subscribed. The capital stock afore-
said may be increased by D vote OF the
stockholders owning two thirds of all
the stock Of said corporation, at q 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
non assessable:
ARTICLE V.
All the corporate powers of this COM
pany, and the management and control
Of it's business. shall be vested in aud |
exercised by i, Board of Directors CON-
posed of not less than three nor more |
than five stock holders, a majority of |
whom shall constitute a quorum for the |
of business.
The following persons, subscribers |
for the capital stock, shall constitute
the first Board OF Directors. to-wit:
r. H. Hackney, President; Emile A. !
Leonval, Vice President; j. .Adolph
Secretary and Treasurer.
Such officers and Board OF Directors
in May, 1903, on which date,
and annually thereafter, 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
! forfeiture of this Charter. Any va
;ancy occurring on said Board shall b.
filed ty the remaining Directors for
The balance Of the unexpired term.
ARTICLE vi.
This Act of Corporation may be
changed, modified or altered, or this
may be dissolved, with the
lssent of three fourths OF the stock
PRESENT or represented at a general
Meeting convened for that purpose,
'fter at least ten days written notice Of !
UGH meeting shall have been given to ,
ach stakeholder at his last known I
lace OF residence.
ARTICLE VII.
No stakeholder shall ever be held
liable or responsible for the contracts
r debts Of said Corporation, nor shall
ny mere in!ormality in organization
ave The effect Of rendering this charter
ull or Of exposing stakeholder to
ny liability beyond the unpaid balance
ue on the shares owned by him.
ARTICLE VIII.
No stakeholder shall have the right