The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1903-08-29
CHARTER
OF THE r. LEE RIGGS
COMPANY, LIMITED.
STATE OF LOUISIANA, /
ADJSu ON SV> N&Dv

Be ore me, Wilbur I'll. Kramer, Notary
Public. duly commissioned and qualified
State, and in the presence of the witnesses
hereinafter named and undersigned, per
sonally came and appeared r. Lee Riggs,
Albert II. Thompson, William Davis and
Frank Chiasson, all residents of Patterson,
st. Mary Parish, Louisiana. who declared and
acknowledged unto me, Notary, that, avail.
ing themselves of the provisions and privi-
leges of the statutes of the State of LOuisi-
lions of limited liability and bodies polite in
law, they have and do by these presents,
form, organize and constitute themselves
into corporation and body polite under
the name, style, stipulatiOns and con-
ditiOnS, tO-Wit:
ARTICLE I.
The name and title of said corporation
shall be 1.-THE X. LEE RIGGS COMPANY,
LIMITED'' and under its corporate name
it shall have power to contract, sue and be
sued to make corporate seal and the same
to break and alter at pleasure; to hold, re-
ceive, lease, convey, purchase, pledge, and
ALLEVIATE property, real, personal and mixed ;
to name and appoint such agents, officers
and managers and employees as the interest
and convenience of the corporation shall re-
quire; to make and establish such bylaws,
rules and regulations for the proper man
agement and regulations of the affairs of
the corporation as may be necessary and
proper, and the same to change and alter at
the pleasure; and to do al! such acts and
things as may be proper and necessary to
carry out CuG ODJoCLS OF tue
ARTICLE ii.
The domicile of the corporation shall be in
the town of Patterson, st. Mary Parish, Lou
isana; and all citations or legal processes
absence upon the Vice-Presdent; or in the
absence of both of these officers upon the
Secretary-Treasurer.
ARTICLE III.
The objects and purposes of the corpora
ton are hereby declared to be to-wit:
The building, equipping, maintaining and
running Of a factory for the manufacture of
sash, Doors, Blinds, Tanks, Cisterns, Mould,
Ings, Furniture, and other products, finished
or in different stages of manufacture from
che raw material; to make the same from
cypress, pine, or other timber of Louisiana;
20 purchase and own timber land; to bring
che timber from the swamp by contract or
otherwise; and, if at any time the same shall
De deemed expedient, to equip and maintain
and operate a saw mill for the supply of
lumber for the factory; to sell and market
the articles manufactured; and wherever
necessary to establish agents and retail
yards for the sale of same; to take contracts
constructions in which the material of the
corporation will be used; and to handle
and to sell glass, paint and other building
and finishing articles.
ARTICLE ".
The corporate powers of the corporation
shall be vested in and exercised by Board
Of three or more Directors, who shall be
elected by the stockholders at meeting
in July of each year; at least ten days no
lice of said meeting must be given through
the mails by the Secretary to the stockhold
erS.
Said election shall be by ballot and each
share of stock is entitled to one vote. Be.
fore the election is held the number of Di-
rectors who shall serve tor the ensuing year
shall be determined. A failure to hold the
election on the specified date shall not ope
rate to dissolve the corporation, but the di-
rectors in office shall hold over until another
election can be nelu and their successors
Each Board of Directors shall organize by
the election from their numbers Of Presi-
dent, Vce-President, and a Secretary.
Laws, Rules and Regulations, defining the
Iuties of the officers; and said officers shall
De limited strictly to said duties All vacan-
,ies in the Board of Directors shall be filled
by the remaining Directors, however occur
ing.
The first Board of Directors shall consist of
A. II. Thompson, Il. Lee Riggs, William Davis
and Frank Chiasson, with A. H. Thompson
md R. Lee Riggs, Secretary-Treasurer.
ARTICLE v.
The Capital Stock of the corporation shall |
De TWENTY-FIVE THOUSAND (s25 900 .OO) |
Two Hundred and Fifty (250) shares of the
par value of OND HUNDRED (slO0.eO) DOL
LARS each which said stock shall only be
ssued for cash or for labor or other valu
han the par value of said stock.
The corporation shall commence doing
business at this date, so per cent. of it's CAPT.
al stock having been subscribed for and
paid in full.
The remaining so per cent Of the capital |
stock shall remain in the ands of the Treas
lrer as Treasury stock and shall be issued
rom time to time by the Board of Directors
Ind in such amounts as its Judgment may
determine. At each such issuance of stock, |
he present Incorporating stockholders shall |
De given first preference to purchase the |
,ame at the value of which it is offered and |
n proportion to the present amount of stock |
Is now by each held.
Said stock shall be non -assessable; and no /
ransfer of stock shall be binding upon the |
corporation unless made by its Secretary |
lpOn it's books and after the surrender and /
Of the original certific ate of /
took.
Each person to this corporation does here |
" bind and obligate himself, and all future |
,ersOns, who may become associated with /
hem are also bound and obligated, not to |
ell any of the stock Of the corporation by |
i'm held until the same has first been Of
cred to the remaining stockholders through
he Board of Directors, to be sold at its
oOk value. Thirty days after same has
cen offered for sale, the remaining shares
( stock unsold eau be sold on the open
larket.
ARTICLE vi.
No stockholder shall ever be held liable or
esponsible for the faults, contracts, or in