The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1903-04-18
CHARTER
of the
TEAL -LaCROIx LUMBER CO.,
Limited.
STATE OF LOUISIANA.

Be it known and remembered that on this the
nth day of April, A. ID. 1903, before me, W. b:
Clarke. Notary Public, duly sworn: qualified
the aforesaid parish and State, personally came
and appeared Charles II. Teal John i. LaCroix.
and William LaCroix, all residents of the parish
OF Grant state OF n a5o "11vs ins age
that ayailing themselves of the provisions of the
laws Of the State of Louisiana, governing corp
orations in general but more especially WITH TIE
General Assembly of the State OF Louisiana OF
1898, do by these presents organize and form
themselves into corporation and body pohtic,
for the purposes and objects and under the stlp-
ulations hereinafter set forth and expressed.
which they hereby adopt as their Charter to-wlt:
ARTICLE 1.
The name and title OF this corporation shall
be known and styled as TEAL-LACROlX LUM-
Der COMPANY, LIMITED, and by this name
the corporation shall have power to exist and
enjoy succession for full period of twenty
years from date of this act to and to be sued,
to make and use corporate seal, and the same
shall be designated by the board of directors, to
purchase, hold, own, lease, accept by donation,
or to acquire by any other manner authorized py
law, ALLEVIATE. sell, hypothecate, mortgage or
pledge any or all OF its real estate, personal
property, rights, grants and franchises, TO bor-
row and to loan money. and to give ana TO Ie-
ceive security by mortgage, pledge, or any other
legal manner, to conduct, engage in and carry
on general mercantile business. to elect and
appoint directors and such oth her officers, agents
or employees as the interest and business OF said
corporation requires, and generally to do and
perform all things necessary to be done intent
TO the proper conduct OF the business and affairs
OF this corporation. which may not De specialiy
herein stated and enumerated.
ARTICLE IL.
The domicil Of said corporation shall be at
the town Of Colfax, Grant parish, State OF Lou
isiana, and all citations and other legal process
shall be served on the President, IN his absence
A. n uaxrf xff fxn nFnu0VH IA
of the Pres. dent and the Vice President on the
Secretary of said corporation, at thei place OF
domicil, or ut the Office of said corporation.
ARTICLE Ill.
The objects and purposes for which this cor
porHtion is established and the nature OF the
business to be carried on are hereby declared
and specified to be as follows: To cut. purchase
and sell timber, and to mil and manufacture
timber or lumber into any form or object, and
to buy and to sell same, to construct and use to
build and operate, with any lawful motive p 'wer.
mills, tramways. canals. and other means or IN
strumentslities for manufacturing. saving, or
der such conditions and to such extent as may
be lawful. To purchase, lease, sub-lease. ac-
quire and own. timber lands and such other
necessary s or needful. useful or convenient to
said company, in carrying on its business. and
to lease mortgage sell and convey the same,
to conduct and engage in and carry on general
mercantile business.
ARTICLE Nv.
The Capital Stock of this corporation is here
| by fixed at tho sum of Fifteen Thousand Dollars.
divided into $50 shares, at the par value OF One
Hundred Dollars each, which shall before being
issued, be paid for in cash, in property, goods.
merchandise. or labor done, or services PERFORM
ed, and said corporation shall be considered OPP
erative and go into effect when the full amount
of the capital stock has been subscribed and paid
for. No certificate of stock shsli be issued until
the same has been paid for. The stock shall be
| evidenced by certificate issued and signed by
the Secretary ard President of said corporation.
| Transfers of stock shall be made only on the
| books of the company, under and subject to such
| regulations and f0rmalifies as the Board OF Dl-
rect0rs may prescribe.
| ARTICLE v.
| All corporate powers OF said corporation shall
he vested in and exercised by board or direct
ors TO be composed OF three stock holders. Ths
| Charles H. Teal. John l.. LaCroix and William
LaCroix, Charles Fl. Teal, President, John L.
LaCroix, Vice President and General Manager
| and William LaCroix. Secretary and Treasurer
who shall hold Office until the first Monday o
April, 1884 and until their successors shall have
been elected and qualified, and annually there
be held for the purpose of elocting q board Of di
rectore to serve during the ensuing year, and I'M
til their Successors shall have been elected ant
qualified. Notice of this meeting shall be giveT
| in writing ard deposited the same in the United
States mail addressed to each stakeholder full,
ten days previous to holding said meeting, or b
Grant for at least two weeks prior to said elec
| tion. All corporate elections shall be by ballo
| and the vote 1T tho majority of the stock pres
ent shall be necessary to elect, ard each stock
holder shall be entitled to cas-. either IN person
OF By proxy one vote for each share of stock hels
by him. All vacancies in said board shall be fill
ed by it. The board shall at its first meeting at
ter its election elect from its members Presi
dent. Vice President AVID General Manager
and Secretary and Treasurer. The office of Vic'
President and General Manager is hereby com
bined as one Office and that of Secretary ant
Treasurer as one. The board shall appoint sucl
other officers it may deem necessary, and shai
have power to make all necessary bylaws, rule
and regulations for the government of its affair
and business OF the company, and to change tn
same at it's pleasure as it may determine.
ARTICLE vi.
A meeting OF the stockholders may be GALE.
at any time by the board of directors. and sEal
be called by the president or secretary ut m,
time upon the written request uf STOCKHOLDERS
said company. Said meeting to be called ne i
hereinabove set forth with respect to annua
meetings and shall be conducted in the sam
manner and at ali meetings of the stockholders
q majority in the amount OF the capital stock O
this company shall constitute q quorum for tn
transaction of business.
ARTICLE VII.
This charter may be altered or amended, o
this company dissolved with the consent of tw
thirds of the outstanding stock represented j
person or by proxy at q meeting OF the stock
holders convened for that purpose after thirt
ing and Of its object by advertising in q news
paper published in the parish of Grant, State q
Louisiana. The capital stock Of said corporatiV
shall be increased or diminished in the manne
and in the form provided by the general laws o
the State of Louisiana on these subjects.
ARTICLE VIII.
When this corporation shall be dissolved sitl
or bv Limitation or for any cause its affairs sha