The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1903-09-12
CHARTER
OF THE
CHARENTON LUMBER
COMPANY, LIMITED.
OF THE
UNITED STATES OF AMf";t

PARISH OF ST. MARY.)
BE it known that on this 3lst day of
August, in the year of Our Lord, one Thous
and, Nine Hundred ana Three, (lsWJ) and of
the Independence OF the United states OF
America, the One Hundred and Twenty
seventh.
Public. duly commissioned and qualified IN
and for the Parish of st. 1ary. state OF Louis
lama and in the presence of the witnesses
hereinafter named and underS lgncd, per
sonally came and appeared the several
persons whose names are hereunto subscrib-
ed, and who severally declared, that. avail
ing themselves of the provisions OF Act No.
Is, of the Legislature OF the state of Louisi-
ana, for the year 1855 and Of the provisions
of all other laws OF the state of louisi-
ana, relative to the organization of corpora
tions, that they do by these presents,
for themselves, their associates, success
ors, and assigns, form themselves INTO a
corporation under the laws OF the state of
| Louisiana and under the following terms
| and conditions, to-wit:
ARTICLE l.
The name and title of this corporation
| COMPANY, LIMITED" and by this name
| this corporation shall have power to exist
and enjoy succession for the term of Ninety
nine 1897 wears from date of this act
| ARTICLEII
| The domciic of this corporation shall be IN
| the town of Clarendon, Parish of st. Mary,
State OF Louisiana; and all citations or
! other legal processes shall be served on the
| President, and i'll his absence or inability to
| act, upon the Eice-Prcsidcnt Of said cor
! poration.
| sued to make Il corporate seal and the same
| to break or alter at pleasure; and to
hold, receive, rent, purchase, sell, and
| convey, as well as mortgage and hypothecate
| 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, overseers, and agents, as the inter
| est and convenience OF said corporation
| may require; to make and establish such
| bylaws, and regulations for said corpo-
| ration as it Iuay deem necessary ana
| proper, ana the same to be amended or
altered at pleasure, and generally to 90
! everything necessary to carry out the
objects and purposes of the corporation.
ARTICLE Ill.
The objects and purposes for which this
| corporation is organized, and the nature OF
| the business to be carried on by it, are
| declared to be-
| 10 carry on a general lumber business !;
| to manufacture and sell lumber; to buy
timber ana timber lands; and to build and
| operate railroads, canals, basins, locks, ship
| yards. etc, steam boats, sail boats, DarseS,
pull-boats, skidders, etc, to be used in
| connection with its business, to own, Dulld
| and operate such saw mills, planning mills,
| dry kilns, sheds, etc, as they may deem
| necessary in conducting said business and
| to buy and sell lands, lumber, logs, ana
! timber of all kinds, telephone and telegraph
lines; and also to own and operate such
general retail merchandise stores as they
| may deem necessary Or convenient.
ARTICLE IN.
The Capital Stock of this corporation shall
be TWENTY THOUSAND (s20,o0O.o0)
| DOLLARS, to be div ided into ECO shares of the
par value Of OND HUNDRED (Sloo.s0) DOL
| LARS each which shall be paid for at such
times. IN such manner, and in such amounts
as 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 it, The corporation
|
| Thousand (Sl0,0C00O) Dollars of its capital
stock shall have been subscribed for
Transfers OF stock vii! not be recognized
unless such stock is transferred on the
| books of the company by the owner or his
duly authorized agent. No stakeholder can
sell any portion OF their stock without first
offering 1t to the company at Its market
value.
All the powers of this corporation will
be vested in and exercised by a Board soi
Directors composed of four members, the
President being eX-cfficio member of said
Board and each of whom shall own at least
one share of the capital stock OF this com
pany. Said directors shall be elected by
ballot. and under the supervision of tive
election commissioners, appointed by the
Board, at the annual meeting of the stock
holders of this company, which annua
meeting shall be held on the first Tuesday OF
i January of each year at which meeting
every shareholder shall have the right IN
person or by proxy, to cast one vote on eac.
| bers of the Board of Directors Shall cOnsti-
tute Il quorum. said Board shall have
| power to ill all vacancies occurring IL the
Board, and all officers and directors sinai
| hold and continue in Office until theil
successors shall have been elected anC
qualified. The annual meeting of the
| shareholders shall be. preceded by ten days
notice, published in "A newspaper in st. Mary
Parish and by notice mailed to the last
| known address Of each stockholder at leaS,
| ten days before the meeting.
| 10 n Directors shall have
! power to provide for general or special
meetings OF shareholder or of the Board OF
| Directors. Any member of the Board OF
Directors who may be Il bsent from the dom
| icie of the company, or who may be pre-
vented by sickness from attending may give
written proxy to any other member OF the
| said Board of Directors, to represent
him on all matters at any meeting OF
the Board of Directors, whether specia
or general. The first Board OF hi.
rectOrs of this company, who shall hold
office until the second Monday of january
1904, or until their successors are elected and
qualified, shall be Alcide Needer, ALDER,
| Verret Anatole WOlford, j. Leonard Ro-
bichauX, with Arthur Wolford, us PRESIDENT
Anatole Wolford, Vice-President; Alcidt
Veeder Secretary and Treasurer. (Tht
| Secretary and Treasurer need not be d
| shareholder or dreciOr.)
The officers of this company shall be
President, Il Vice-President, and Secre
tary and Treasurer.
The Board of Directors shall at the first
| meeting after their own election elect all the
officers of this company.
ARTICLE vi.
| This Charter may be amended, by q vote
| the majority of the shareholders held at q
| general meeting convened tor that purpose
| after ten days notice published in one OF
, the newspapers of st. Mary Parish, and after
CODY of said notice of said meeting shall
have been mailed to each stockhOlder, IA,
his address as left with the Secretary of this
company at least eight days before such
meeting; aud the corporation may be dis
solved with the assent of three fourtEs OF
the stock represented tat such meeting. The
capital stock of this company rnay be in
creased or diminished by complying with
the general laws of the state OF Louisiana
upon such matters.
ARTICLE VII.
Whenever til is company shall be dissolved
either by the expiration of its charter OF
sooner by vote of the shareholders, two
lquidators shall be elected by the share
holders at a general meeting of the share
holders held after ten days notice as above
provided. These liquidators shall have full
power to liqudate all the affairs of the com
pany, and shall continue i'll office until
the full liquidation of the corporation
and In case of the death of either
OF them. the shareholders may elect sue
cessor, or if they do not elect a successor
the powers OF both liquidators shall be vest
ed in the surviving iiquidators.
ARTICLE VIII.
No stakeholder of this corporation shall
ever be held liable responsible for the