New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1903-10-10

CHARTER a.
TEs Salt Water Lumbar Co., Ltd
United States Of America, State O
Louisiana, Parish Of Iberia.
Be Unknown. that on this list d.,
of the month Of September. Al D. 1908
before me, John e. Schwing. . Notar,
Public. duly commissioned and quail
fed in aud for the Parish Of Iberia
State Of Louisiana and in the presence
of the witnesses hereinafter namet
and undersigned, personally came ant
appeared the parties whose names ar'
hereunto subscribed, all Of full age,
who declared that availing shomsclve'
Of the provisions Of the laws Of thin
State, relative to corporations and e.
pccially of Act No. Sc Of 1883 Of thu
General Assembly of Louisiana, they
have covenanted and agreed and by
these presents covenant and agree and
bind themselves, as we'll as such Other
persons as may hereafter become asso
ciated with them, to form and consti
tute . corporation and body polite IL
law, for the purposes and objects ant
under the stipulations, articles and
conditions, tO-wit:
ARTICLE /.
The name and title Of the said cor
poration shall be 1.-THE Salt Water
Lumber Company, Limited" and it,
domicile is hereby established in
Patoutville, State of Louisiana and
under its said corporate name, said
corportion shall have the power and
authority to contract sue and be sued
to make a corporate seal and the same
to break and alter at pleasure, to hold,
receive, have, purchase. improve.
ALLEVIATE, convey, sell, borrow. pledge.
mortgage and hypothecate, under its
said corporate name, property. real.
personal, and mixed; to name and ap.
point such officers, directors, agents,
managers or employees, Is the interest
or convenience Of said corporation may
require; to make and establish by
laws, rules and regulations for the pro-
per management and regulation of it's
Affairs as may be deemed necessary
and proper and the same to change at
pleasure and to do all other acts OF
things permitted by law. or - .hall
be necessary and proper to carry out
the objects and purpose Of said cor
poration.
Said corporation unles sooner dis
solved in accordance with ito charter,
shall exist and continue for the period
Of Ninety Nine (o9) years from and
after the date hereof.
The President and in his absence
the Vice. President orSecretary shall be
the proper person upon whom citation
or other legal process shall be served.
ARTICLE II.
The objects and purposes for which
this corporation 10 organized and the
nature Of the business to be Carried
on by It are declared to be the follow
ing, towit: to buy and sell lands. with
timber. to purchase timber, to cut
and saw timber into merchantable
lumber and to sell same: to construct,
work and maintain canals, railroads
or bitches and bridges necessary for
tho proper carrying ON Of its business
to erect, operate and own mill for
cutting timber; to own and operate
one or more boats for dragging tim
Der or for the purposes in connection
and to carry ON generally
Q lumber manufacturing and said
mill business, and to do everything
necessary and convenient in connec-
ton with the business.
ARTICLE III.
The capital stock Of the said corpor-
alton shall be Ono Hundred thousand
and oo-ioo (eioo. 600. oO) Dollars
divided into and represented
BY One Thousand (I0oo) shares II One
Hundred and oo-loO{eloo) dollars each.
which said stock shall be paid for in
cash ct the time Of subscription, OF
the same may b Issued ct not lesa
than par for labor done or property
actually received BY the corporation.
or Vie Same may b Issued full paid
for money advanced or for such other
valuable consideration or services q
the Board Of Directors may determine
provided that no stock shall b issued
until the considerations therefor hes
been received By the said corporation.
Any stockholdor may ssll. sssisn q
transfer his stock in this corporation,
provided thirty 10y day's nstiee Of
sucl, intention 70 ell. assign or trans
fer the Same be given tho corporation
and the shareholders shall have the
nrst privilege At purchasing same.
In the event the shareholders refuse
to buy the Same. Il shall b. sold in
open market = expiration Of notice.
All trausfer q stock shall b made
= a Al