New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1903-09-26
CHARTER
The Salt Water Lumber Co., Ltd.

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United States of America, State o
Louisiana, Parish of Iberia.
Be it known. that on this LIST da,
of the month of September. A. ID. 1908
before me. John E. Schwing, a Notar,
Public, duly commissioned and quail
fled in aud for the Parish of Iberia.
State of Louisiana and in the presenc,
of the witnesses hereinafter named
and undersigned, personally came ant
appeared the parties whose names ar,
hereunto subscribed, all of full age,
who declared that availing Themselves
of the provisions of the laws of this
State, relative to corporations and es
pecially of Act No. 36 of 1883 Of the
General Assembly of Louisiana, they
have covenanted and agreed and by
these presents covenant and agree and
bind themselves, as well as such other
persons as may hereafter become asso-
ciated with them, to form and consti-
tute corporation and body polite in
law. for the purposes and objects and
under the st;pulations, articles and
conditions. to-wit:
ARTICLE l.
The name and title of the said cor
poration shall be 'The Salt Water
Lumber Company, Limited, and its
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 corporate seal and the same
to break and alter ut 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, as 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 its
affairs as may be deemed necessary
and proper and the same to change at
pleasure and to do all other acts or
things permitted by law. or as shall
be necessary and proper to carry out
the objects and purpose of said cor
poratiou.
Said corporation unles sooner dis
solved in accordance with its charter
shall exist and continue for the period
of Ninety Nine (99) 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 is 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
the proper carrying Oh of its business:
to erect, operate and own mill for
cutting timber; to own and operate
,ne Or more boats for dragging tim
Der or for the purposes in connection
and to carry on generally
! lumber manufacturing and said
mill business, and to do everything
necessary and convenient in connec-
ion with the business.
ARTICLE III.
The capital stock Of the said corpor-
alton shall be One Hundred Thousand
md OO-1OO $500, 900. OO) Dollars
divided into and represented
~ One Thousand 10000 shares of One
Hundred and CO. 1Oo(s1oO)Dollars each,
which said stock shall be paid for in
ash at the time of subscription. or
he same may be issued at not less
han par for labor done or property
received by the corporation,
,r the same may be issued full paid
or money advanced or for such other
consideration or services as
he Board Of Directors may determine
provided that no stock shall be issued
Until the consideration therefor has
,een received by the said corporation.
Any stakeholder may sell. assign or
ransfer his stock in this corporation,
thirty (3O) days notice Of
uch intention to sell, assign or trans
er the same be given the corporation
md the shareholders shall have the
lrst privilege Of purchasing same.
n the event the shareholders refuse
o buy the same, it shall be sold in
pen market at expiration Of notice.
All transfer Of stock shall be made
lpon the books Of the corporation.
This corporation shall commence
loinz business as soon as Ten Thou
and and OO-10O 1910, 600. OO) Dollars