The southern sentinel. (Winnfield, La.) 1883-1910, 1903-04-17
CHARTER
FOR THU
WINFIELD PLANNING MILL COMPANY
LIMITED.
STATE OF LOUISIANA,
-roR THE

STATE OF LOUISIANA,
PARISH OF WEN. s
Personally and by proxy came ana aopesiee
the parties whose names are hereah'o SUI
scribed. all Of full age, VINO oesiarse sa.,'''
availing themselves Of the provisions ~ w
Laws OF this state, relative 10 eorroIatles' '-e
.s,,aciallv az Act No. l5l of 1902 Of the General
Assembly Of Louisiana as well as 81 other avs
If a. state Of Louisiana relative to corpora
ton of this character. they have eoyehanleo
and aereea. and BIZ these presents covenant
ana agree, ana bind themselves, as vel a
such other persons "a may hereafter beeo'iit
associated with them, to form and constitute q
corporation aud body polite in law, Tor the
purposes and objects, aud under the s'lpoia-
tions, articles and conditions following te-"it;
ARTICLE I.
The name and title of the said corporation
shan be WINFIELD planning MILL CO.,
LTD y and IL donlicile is hereby established
m wiaafeld, WAN Parish, Louisiana; and
under its said corporate name. ssid corporation
shall have power and authority 10 contract
she end be sued; to make and use corporate
sea and the samcto break and alter 1T pleas
=: to hold. receive. have, purchase, improve,
s!fsnase convey. sell, borrow, pledge. mortgage
ndhypothecate, under its said corporate name
uropertv, real, personal and mixed. 20 name
and appoint such officers, directors, agents anc
managers, or employees, as the interest or
convenience of the said corporation may re-
uaire: TO make and establish bylaws. rules and
regulations for the proper management and
regulation OF its affairs, may be deemed
necessary and proper, and the same 10 change
and alter at pleasure: and 20 do all other acts
and things permitted by law, or as shall or may
be necessary and proper to carry out the objects
and purposes of said corporation.
said corporation, unless sooner dissolved. in
accordance with its charter, shall exist and
continue fer the period OF ninety-nine years
from, and after the date hereof.
saits for said corporation shall be brought
in the name OF the corporation by its president,
or in his absence or inability 10 act, in the
name OF the General Manager, and all process
and citation shall be served on the President
or General Manager either in person or al the
doin;ciie and office Of the company, and in case
of The absence, death or inability of any q
these officers to act from any cause, citation
and all other process may be served on tht
Secretary The officers of this corporation
shall be President, a Vice President, q Genera
Manager, Secretary and Treasurer bat th'
-
and the same person. The General Manager
and Treasurer, if the Board of Directors shall
SO require, shall give bo-d, the amount o
which. the said Board shall determine. Eacf
Officer shall be a stakeholder in the saiS
Company and shall be elected annually b. th'
Board of Directors, and serve until their sue
cessors are elected; however, such officers shall
be subject to removal at the direction of sais
,t lime kpfo
such removal.
ARTICLE II.
The objects and purposes for which TIN
corporation is organized, and the nature of tn
business to be carried on by it arc declared t
be the following. to-wit: To own and operat,
a Planning Mill Pant, to increase or dccreas'
its capacity, from time to time as the compan.
may see fit, for the purpose of buying or &C
quiring. by donation. devise, gift or otherwise
rough and finished lumber of all kinds; Il
plain, dress and manufacture the same int
various products, to place the same upon tn
market. local or foreign; in fact. to do any
thing necessary, or incident to business of thi
kind; in addition thereto, to buy and sci
shingles, sash, doors, blinds, mouldings, lime
brick and al kinds OF building materials: t
enstall and operate an Electric Light Plant
Water Works, etc, FOR the purpose of thi
business and il the company see fit to suppl
the town OF winnfeld, or any of its Inhabitants
or any other vicinity with light or water, shal
have the privilege TO do SO under this charter
or do any other thing necessary FOR the execu
ton and carrying ont OF the above objects o
an her things incident thereto.
ARTICLE III.
The capital stock of the said corporatio
shall be One Hundred Thousand Dollars $500,
eoooo}. divided into and represented b
Twenty Thousand Shares of Five Dollars $500
each, which said stock shall be paid for i
cash al the time Of subscription, or the sam
may be issued. at not less than par, in payner
or exchange for property or rights actual
received or purchased By said corporation, ,
the same may be issued, full paid, for none
advanced, and for such other valuable eonsid
craticns or services as the BOARD OF Director
u lid corporation may determine; provided
that no stock shall be issued until the consid
Grafton therefor has been received by the sal
corporation.
ANY stock holder may sell, assign or trans
fer his stock in this corporation. provided te
flol days prior notice of such intention t
sell, assign or transfer the same be given tn
company, and the other stockholders theree
shall have the first privilege of purchasin
same. after which ten days notice the sal
stock may be sold in open market.
The stock Of said corporation may be trans
fered under the above conditions, provide
such transfer thereof be made on the books
said company. at its Office in winniiel,
Louisiana, and on the surrender of the certif
cate therefor. No transfer of any fraction;
part OF share shall be made.
This corporation shall commence dom
business as soon as Ten Thousand Dollar
tslocoo.ool OF the capital stock has bee
subscribed for
The Board of Directors shall have the rigi
to determine how much stock shall be issue,
ARTICLE ".
The corporate powers of this company sha
be vested in and exercised by a Board
Seven Directors, each OF whom shall be
stakeholder of the company. Five of sal
Board shall constitute quorum for the tran
saction of business, and their decisions sha
be valid corporate acts.
The following persons shall constitute Il
first Board of Directors: w. 2. Guess, J.
Pace, L. Siess, b. w. Bailey. &. L. Tannehi
W. j. Fry and J. w. Boyett. Jr.