The southern sentinel. (Winnfield, La.) 1883-1910, 1903-04-10
CHARTER
FOR THE
WINFIELD PLANNING MILL COMPANY
LIMITED.
STATE OF LOUISIANA, !

STATE OF LOUISIANA,
PARISH OF WYNN.
Personally and by proxy came and appeared
The nart;es whose names are herennto SUD-
..-;haa an nj full age. who declared that
avo;Ii,p themselves of the provisions OF the
laws NJ This state. relative 70 corporations, ahc
a-,eci,,,v of Act No. i54 Of 1902 of the General
.ssamb,v of Louisiana as well as all other laws
otth. St.re of Louisiana relative to corpora
.;ors os this character, they have covenanted
and agreed, and by these presents covenant
and agree. ana bind themselves, as well as
s,cb other persons as may hereafter become
associated with them, to form and constitute
corporation and body polite in law, for the
nurnoses and objects, aud under the stipula-
lions. articles and conditions following, to-wit;
ARTICLE L.
The name and title of the SAID corporation
shall be .swINNFIELD planning MILL CO.,
LTD and its domiciie is hereby established
N Winfield. Winn Parish, Louisiana; ana
under its said corporate name, SAID corporation
shall have power and authority to contract,
sue and be sued; 10 make and use corporate
seal. and the same to break and alter at pleas
ure: to hold, receive, have. Jchase, improve,
ALLEVIATE convey, sell, borrow, pledge, mortgage
and hvpothccate under its said corporate name,
property, real, personal ana mixed: to name
and appoint such officers, directors, agents and
managers, or employees, as the interest or
convenience of the said corporation may re-
quire; to make and establish bylaws, rules and
regulations for the proper management an
regulation of its affairs. may be deemed
necessary and proper, and the same TO change
and alter at pleasure; and to do all other acts
l,,- hall
be necessary and proper 10 carry out the objects
and purposes Of said corporation.
Said corporation. unless sooner dissolved. in
accordance with its charter. shall exist and
continue for the period Of ninety-nine years
from and after the late hereof.
Suits for said cog Grafton shall be brought
in the name 81 the corporation by its president,
or in his absence or inability TO 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 II the
domicile and Office of the company, and in case
OF the absence Geath or inability of any OF
these officers IL act from any cause, citation
and all other process may be served on the
Secretary. The officers of this corporation
shall be a President. Vice President, a General
Manager, Secretary and n Treasurer but the
last two named Offices may be filed with one
and the same person. The General Manager
and Treasurer. il the Board of Directors shall
SO require, shall give bod, the amount OF
which, the said Board shall determine. Each
officer shall be stakeholder in the said
Company and shall be elected annually by the
Board of Directors, and serve until their sue
cessors are elected; however, such officers shall
be subject to removal ar the direction of said
Board for good cause shown al any time before
such removal.
ARTICLE IL
The objects and purposes for which this
corporation is organized, and the nature of the
business to be carried on by ii are declared to
be the following, to-wit: To own and operate
a Planning Mill Plant, TO increase or decrease
its capacity, from time to time as the company
may see fit, for the purpose of buying or ac-
quiring, by donation, devise, gift or otherwise,
rough and finished lumber of ali kinds; to
piafn, dress and manufacture the same into
various products, to place the same upon the
market, local or foreign; in fact. 10 do any
thing necessary, or incident to business of this
kind: in addition thereto, to buy and sell
shingles, sash, doors, blinds, mouldings, lime,
brick and all kinds Of building materials; to
enstall and operate an Electric Light Plant,
Water Works, etc., for the purpose Of this
business and il the company see 1T to supply
the town Of WINFIELD, or any of its inhabitants,
or any other vicinity with light or water, shall
have the privilege to do SO under this charter,
or do any other thing necessary for the execu-
tion and carrying out Of the above objects or
an her things incident thereto.
ARTICLE III.
The capital stock of the said corporation
shall be One Hundred Thousand Dollars lsl00,-
100000, divided into and represented by
Twenty Thousand Shares of Five Dollars $500
each, which said stock shall be paid for in
cash at the time Of subscription, or the same
may be issued, at not less than par, in payment
or exchange for property or rights actually
received or purchased by said corporation, or
the same may be issued, full paid, for money
advarced, and for such other valuable consid-
erations or services as the Board of Directors
OF ssid corporation may determine; provided,
that no stock shall be issued until the consid-
Grafton therefor has been received by the said
corporation.
Any stakeholder may sell, assign or trans
fer his stock in this corporation. provided ten
u0) days prior notice OF such intention to
sell, assign or transfer the same be given the
company, and the other stock holders thereof
shall have the first privilege Of purchasing
same, after which ten days notice the said
stock may be sold in open market.
The stock Of said corporation may be trans
fered under the above conditions, provided
such transfer thereof be made on the books Of
said company. at its once in winnAeld,
Louisiana, and on the surrender Of the certia-
cate therefor. No transfer Of any fractional
part Of : share shall Be made.
This corporation shall commence doing
business - soon - Ten Thousand Dollars
01e,ona0 or the capital stock has been
subscribed for.
The Board OF Directors shall have the risha
to determine how much stock shall be issued.
ARTICLE Nv. a
The corporate powers Of this company shan
Be vested in and exercised by . Board q
Seven Directors, each Of whom shall - .
stakeholder Of the company. Five Of said
Board shall constitute quorum for the tsan-
saction Of business, and their decisions shall
be valid corporate acts.
The following persons shall consulate tAe
hrst Board Of Directors: w. B. 0uess, J. D.
Pace, I. eiess. D. W. Bailey. r L. Tannehiu,
w. J. Fry and J. W. Boyett, u.
No person shall be eligible - Director q n