The Colfax chronicle., 1903-05-02
CHARTER
of the
TEAL -La6ROIx LUMBER CO..
Limlted.
STATE OF LOUISIANA,

STATE OF LOUISIANA, !
PARISH OF GRANT.
Be it known and remembered that on this thu
l1th day OF April, A. ID. 1903, before me, w. B
Clarke. a Notary Public, duly sworn. qualified
and commissioned according TO law, in and fol
the aforesaid parish and State personally came
and William LaCroix, all residents Of the parish
OF Grant, State OF Louisiana, and above the age
of majority, who declared and acknowledged
that availin9 themselves of the provisions Of the
laws of the State OF Louisiana, governing CORP
orations in general, but more especially with the
provisions Of Act Number s6 of the Acts of the
General Assembly of the State of Louisiana OF
themselves into a corporation and body polite,
for the purposes aud objects and under tie stip-
ulations hereinafter set forth and expressed
which they hereby adopt as their Charter to-wit:
ARTICLE l.
The name and title Of this corporation shall
BER COMPANY, LIMITED, and BY this name "a ne
the corporation shall have power to exist and
enjoy succession for a full period Of twenty
to make and use a corporate seal, and the same
to breSk or alter at pleasure, which SEAL if any,
shall be designated by the board of directors. to
purchase, hold, own, lease, accept by donation,
or to acquire by any other manner authorized by
law, ALLEVIATE. sell, hypothecate, mortgage or
pledge any or all of its real estate, personal
property, righfs, grants. and franchises. to bor-
sna to loan and t give and to
ss$ssr<~s
legal manner. to conduct. engage in and carry
on Q general mercantile business. to elect and
appoint directors, and such other officers, agents
or employees rs the interest and business of eaid
corporation requires, and generally to do and
perform all things necessary to be done intent
tS n? proper conduct Ct the business and affairs
herein stated and enumerated.
ARTICLE IL
The domicil Of said corporation shall be at
the town Of Colfax, Grant parrish, State Of Lou
isiane, and all citations and other legal process
shall be served on the President, In his absence
OF ths President and the Vice President, on the
Secretary OF said corporation, at theis place of
domicil. or at the Office Of said corporation.
ARTICLE III.
The objects and purposes for which this COR
porati0n u established and the nature Of the
business to be carried on are hereby declared
and specified to be as follows: To cut, purchase
and sell timber, and to mill and manufacture
timber or Lumbar into any form or object, and
build and operate, with any lawful motive o .wer,
mills, tramways. canals. and other means or in
for manufacturing, saving, or
moving timber lumber, or other products, un-
be lawful. To purchase, lease, sublease. ac-
Quire and own, timber lands and such other
lands and buildings and appliances as may be
said company, in carrying on its business. and
to lease mortgage or sell and convey the same,
to conduct and Engage in and carry on general
ARTICLE nv.
. The Capital Stock Of this corporation is here
By fxed at tho sum Of Fifteen Thousand Dollars
divided into $50 shares, at the par value of One
Hundred Dollars each, which shall, before being
or labor done, or services perform
ed. and said corporation shall be considered op-
erative and go into effect when the full amount
pf the capital stock has been subscribed and paid
n nj af fnck hal ho sccr rod s1ufsl
The same has been paid for. The stock shall be
evidenced BY certificate iseued and signed by
The Secretary and President Of said corporation.
rransfers of stock shail be made only on the
books Of the company, under and subject to such
regulations and formslities as the Board of Di-
rectors may prescribe.
ARTICLE Ev.
All corporate powers of said corporation shall
be vested in and exercised by board of direct
DTS to be composed Of three stock holders. The
irst beard Of directors shall be composed Of
;h,Eles h Teal. John I. LaCroix and William
LaCroix. Charles II: Teal, President, John l..
LaCroix, Vice President and General Manager,
Ind William LaCroix. Secretary and Treasurer
.ho shall hold Office until the first Monday OF
been elected and qualified. and annually there
Ifter q general meeting Of the stockholders shall
,e held for the purpose Of electing board of di-
sctSr: :: to serve during the ensuing year, and un,
qualified. Notice of This meeting shall be given
q writing and the same deposited in the United
states mail addressed to each stockho.der fully
en- days previous to holding said meeting, or BY
publication in newspaper in the parish of
rant for at least two weeks prior TO said elpc-
ion. All corporate elections shall be BY ballot
mt shall be necessary TO elect. and each stock
older shsll be entitled to cast either il person
II BY proxy one vote for each share Of stock hold
y him. Al! vacancies in said board shall be fill
d BY it: The board shall at its first meeting af-
or its election elect from its members a Presi- |
ent. Vice President and General Manager. |
nd Secrefary and Treasurer. Tie office of Vice |
lined as one Office and that of Secretary and |
'reasufer ~ one. The board shall appoint such |
ther officers as It may deem necessary, and shall
ave power TO make al necessary bylaws, ru!es
nd regnIations for the government of its affairs
anne at its pleasure as it may determine.
ARTICLE vi.
meeting of the stockholders may be called |
any time by the board Of directors. and shall /
9 called by the president or secretary at any
me upon the written request 1T stockhOldera |
wning at least one tenth OF the capital 81 ock Of
sld company. Said meeting to be called as iss
leetings and shall be conducted in the same /
lanner, and at all meetings of the stockholders |
majority In the amount of the capital stock OF
nis company shall constitute quorum for the
OF business.
ARTICLE VII.
This charter may be altered or amended, or
'!s company dissolved with the consent of two
,irds OF the outstanding stock represented in
esson or By proxy at meeting OF the stock
olders convened Tor that purpose after thirty
Rys notice shall have been given Of such meet
lg and of its object by advertising in a news
Rper published in the parrish of Grant, State of
ouisiana. The capital stock of said corporation
nal! be increased or diminished in the manner
nd in the form provided by the general laws Of
le State OF Louisiana on these subjects.
ARTICLE VIII.
When this corporation shall be dissolved eth
: BY limitation or for any cause its alfsirs shall
. hquidated and its liabilities paid, and the
aiance OF its funds, il any. shall be divided pro
TIA amorg its stockholders. under the superin-
'ndence and charge of three com missioners to
appointed for this purpose at any meeting of