The Colfax chronicle., 1903-04-25
Miss Cornie Phillips, ofSummerfeld,
spent few hours in town Thursday
afternoon.
CHARTER
of the
TEAL -LaCROIx LUMBER CO.,
Limited.
STATE OF LOUISIANA. I
pAprau on GRAKT
afternoon.

Be il known and remembered that on this the
cIsrfs, Clan G 4 Notary Public, duly sworn: quaiiasd
and commissioned according to law, In and Tor
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 acknowieeged
that availing themselves of the provisions OF the
laws of the State of Louisiana, governing corp |
orations in general, but more especially with the
OF At ,h y % 81 me al
1883, do BY these presents organize ana ioim
themselves into a corporation and body polite,
the ss forth and
which they hereby adopt as their Charter to-wit;
ARTICLE I.
The name and title Of this cooperation shall
be known and styled as ~ TEAL-LACRolA LOM. |
the corporation shall have power to exist and
enjoy succession for a full period OF twenty |
years from date of this act to sue and 70 be sued
to bre.k or alter at pleasure which seal. If any,
shall be designated by the board OF directors, TO
purchase, hold, own, lease, accept by donation.
law. % slienate. ~ sell, eli Sypothecats mortgage or
pledge any or all of its real estate, personal
property, rights, grants, and francnlses 20 Dor
ceive security by mortgage, pledge, or any other
| legal manner, to conduct, engage in and carry
on gsnsrsl e 20 s'sc. SHa
or employees M the interest and business 0f said
| corporation requires, and generally to do and
te the proper % conduct Of the business and affairs
of this corporation. which may not be specially
herein stated and enumerated.
ARTICLE IL.
The domicil Of said corporation shall be at
isians, and all citations and other legal process
shall be served on the President, In his absence
Vice n the event oi the 9Ss
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
por.tion is established and the nature oI sns S
and specified to be as follows: To cut, purchase
and sell timber, and to mill and manufacturee
to buy and to sell same, to construct and use, to
J build and operate, with any lawful motive wer.
mills tramways. canals. and other means or m
moving timber. lumber, or other products, un-
der such conditions and to such extent as may
be lawful To purchase lease. spb.iesse a.sc- &c,
necessary or needful. useful or convenient to
said company IN csrrype on ,1s me nna
to conduct and engage IN and carry on q generai
| mercantile business.
} 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 OK One
Hundred Dollars each, which shall before being
issued be paid for in cash. or in property, goods
merchandise. or labor done, or services perform
ed, and said corporation shall be considered OPP
erative and 60 into effect when the full amount
of the capital stock has been subscribed and paid
for. No certificate Of stock shall be issued until
the same has been paid for. The stock shall be
eyidenced by SersnGsts 'ssnsG ~ ga sno snsG o.
e Transfers of stock shall be made only on the
books of the company, under and subject to soch
regulations and formalities a. the Board OF Dl-
z rect0rs may prescribe.
ARTICLE v.
al All corporate powers Of said corporation shall
be vested in and exercised by board OF direct
first board Of directors shall be composed Of
: Charles H. Teal. John L. LaCroix and William
LaCroix. Charles II; Teal, Presldent' John Z.
: LaCroix Vice President and General Manager,
and william LaCroix. Secretary and TREASURER,
( who shall hold Office until the first Monday OF
and until ihsif nd shal tbsr.
be held Tor the purpose Of electine board of di-
ii their successors M shall have been elected and
e qualified Notice of this meeting shall be given
in writing ard the same deposited in the United
ten days previous to holding said meeting, or BY
Grant for at least two weeks prior 70 said elsc;
ton. All corporate elections shall be By ballot
r and the vote IT the majority Of the stock pree-
ent shall be necessary TO elect. and each stock
holder shall be entitled to cast either II pefs91
by him. All vacancies in said board shall be fill.
ed by il. The board shall at its first meeting af
: dent, a Vice President ard General Manager
and Secretary and Treasurer. The office OF Vict
: President and General Manager is hereby com
!. Treasurer a. one. The board shall appoint suci
other officers as it may deem necessary, and shai
e have power to mako all necessary bylaws, ruie'
r and business of the company, and to change thu
same at its pleasure as it may determine.
ARTICLE vi.
! A meeting of the stockholders may be caiies
at any time by the board of directors. and shall
, be called by the president or secretary at an!
: time upon the written request ct etockholden
owning at least 81 the capita, stock !?
hereinabOve set forth with respect to annua
meetings and shall be conducted in the sam
II a majority in the amount Of the capital stock o
:. this company shal! constitute quorum for tn
transaction of business.
>. ARTICLE VII.
e this company dissolved with the consent Of tw
thirds Of the outstanding stock represented \
3 person or by proxy. at meeting OF the stock
IL days notice shall have been given Of such meet
4 ing and Of its object BY advertising In news
~ paper published in the psri:h Ct Grant state 70
'e shall be increased or diminished in the manne
II and in the form provided By the general laws o
the State OF Louisiana on these subjects.
n ARTICLE VIII.
When this corporation shall be dissolved eth
er BY limitation or for any cause. its affairs eha
be Equidated and its Liabilities paid, and tn
,e balance Of its funds if any shall be divided pr
rata amorg its stockholders, under the superin
n tendence and charge of three com missioners {
be appointed for this purpose at any meeting q
Is the stockholders, at which it may be voted
dissolve this corporation, or at q general NEE
B. ing of the stockholders to be convened after III
~, teen days prior notice of its objects shall hav
70 been given in q newspaper published in the pal
lo ish of Grant. State of Louisiana. Said commits
sioners shall remain in Office until the affairs
10 the said corporation shall have been fully liqu
III dated and in case of the death OF one or more
said commissioners or other vacancies occurrin