The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1903-09-19
CHARTER
OF THE
LUMBER
COMPANY, LIMITED.
UNITED STATES OF >MEEitA,)
STATE OF Lpi ISihNA.
PARISH OF ST. MARY


| America, the One Hundred and Twenty
| seventh.
| Before me, Francois T.. Perret, IL Notary
Public. duly commissioned and qualified in
| and for the Parish of st. 1ary, State of Louis
lana, and in the presence of the witnesses
hereinafter named and undersignci per
sonaly came and appeared the several
persons whose names are hereuntO SubScrb-
ed and who Seyerally declared, that, avail.
ing themselves of the provisions of Act No.
| So, of the Legislature OF the State of Louisi
of all other laws of the State OF Luuis-
| ana, relative to the organization of corpora
tions, that they do by these presents,
for themselves, their associates, success
ors, and assigns, form themselves into
corporation under the laws of the State of
Louisiana, and uLdcr the following terms
and conditions, tO-wIt:
ARTICLE I.
The name and title of this corporation
shall be THE CHARENTON LUMBER
COMPANY, LIMITED" and by this name
this corporation shall have power to exist
and enjoy succession for the term of Ninety
nine (99) years from date of this act
ARTICLEII.
The dOmicile of this corporation shall be III
the town of Clarendon, Parish of st. Mary,
State of Louisiana; and all citations or
other legal processes shall be served ON the
President, and in his absence or inability to
act, upon the Nice-Prcsiuent of said cor
poratiOn.
1t shall have power to contract, sue and be
sued to make Il corporate seal and the same
hold, receive, rent, purchase, sell, and
convey, as well us mortgage and hypothecate
under its corporate name, property, both
| real and PERSONAL to borrow and lend
| money, to execute notes and bonds: to
name and appoint such managers, directors,
officers. overseers, and agents, us the inter
est and convenience OF said corporation
may require; to make and establish such
| bylaws, and regulations for said corpO-
ration as it may deem necessary and
proper, and the same to be amended or
tAra
everything necessary to carry out the
| objects and purposes of the corporation.
ARTICLE III.
The objects and purposes for which this
corporation is organized, and the nature of
the business to bc carried Oh by it, are
declared to be-
To carry on a general lumber business;
to manufacture and sell lumber; to buy
timber and timber lands; and to build and
operate railroads, canals, basins, locks ship
yards. etc, steam boats, sail boats, barges,
pUll-bOats, skidders, etc, to be used in
connection with its business, to own, build
| and operate such saw mills, planning mills,
dry kilns, sheds, etc, as they may deem
necessary in conducting said business; and
to buy and sell lands, lumber, logs, and
timber of all KINDS, telephone and telegraph
lines; and also to own and operate such
general retail merchandise stores as they
may deem necessary or conFenent.
ARTICLE ~.
The Capital stock of this c". poration shall
be TWENTY THHU,AAD (Sl0,0OO.OO}
DOLLARS, to be div iued into 200 shares of the
par value OF OND HUNDRED ($l00SO) DOL.
LARS each which shall be paid for at such
times, in such manner, and in such amounts
rs the Board of Directors may require; and
such stock may be issued for cash paid to
the company. or for property conveyed to,
or labor done for it. The corporation
may commence business as soon as Ten
Thousand tSl0,OO0.0O) Dollars of its capital
stock shall have been subscribed TOR.
Transfers OF stock viii. not be recognized
unless such stock is transferred on the
books of the company by the owner or his
duly authorized agent. No stakeholder can
sell any portion OF their stock without first
Offering 1t to the company ut its market
value.
ARTICLE Y.
All the powers of this corporation will
be vested in and exercised by Board Isl
President being e4 -officio member of said
Board and each OF whom shall own at least
one share of the capital stock OF this com
pany. said directors shall be elected by
ballot, and under the supervision of two
election commissioners, appointed by the
Board. at the annual meeting of the stock
holders uf this company, which annual
meeting shall be held OH the first Tuesday of
January of each year ut which meeting
every shareholder shall have the right in
Share of stock held by him. Three t3) men,
bers of the Board of Directors shall consti-
rute quorum Said Board shall have
power TO- M al vacancies occurring il the
hold and continue in office until their
Successors SHAH haye been elected and
qualified, The annual ,neeting.' of the
Shareholders Shall BIC preceded by ten days /
notice, published in q NEWSPAPER in st. Mary
Parish, and by q notice mailed to the last
known address Of each stakeholder at least
ten days before the meeting:
The Board of Directors shall have full
power to provide for general or special
meetings of shareholders or of the Board of
Directors ANY member of the Board of |
Directors " m n he
icile of the company, or who may be pre- |
vented by sickness from attending may give |
written proxy to any other member of the
said Board of Directors, to represent |
him on ali matters at any meeting of |
The Boardt of Directors, whether special
q general. The first Board, OF Di-
office until the secona Monday of Jsnuary;
1904, or until their Successors are elected anu
qualified, shall be Alcde Veeder, Albert
bichaux, VITA Arthur Woif'ord, rs Prasideht;
Anatole' Wolford, Vice President; Alcide !,
Yeeder Secretary and Treasurer. (The
Secretary, and TREASURER need not Dc q
shareholder or direcipr.1
The. officers Of this company shall be a
President, q tice=pFesideHt, and q Secre:
tary and Treasurer.
The Board of Directors shall at the f1rst
meeting after their own election elect all the
officers of this company.
ARTICLE vi.
This Charter may be amended, by yotec
the majority of tile shareholders held at a
general meeting convened Tor that purpose |
after ten days notice published in one OF
the newspapers of st. Mary Parish, and after
a copy of said notice of said meeting shall
have been mailed to each StOc X holder, at
his address as left with the Secretary of this
company at least eight days before such
meeting; and the corporation may be dis.
solved with the assent of three fourths Of
the st0ek Represented lat such meeting The
capital Stock Of thiS e6mpany in4y Be III.
creased or diminished BY conHiyibg with
the general laws of the State Oh Louisiana
upon such matters. a.
ARTICLE VII.
Whenever tb is company shall be dissolved
s,iast BY the expiration OF fts charter OF
& ssa ehscea 81 1s
holders at a general meeting Gf tile Share
holders held after ten days notice as above
These liquidators shall have full
power to liquidate all the affairs OF the com
bany, and shall continue in office until
Ehe, full liGuihatiop, OF the corporation
and In case of the death of either
Of them. the shareholders may elect sue. |
cessor, or If they do not elect a successor,
the powers of both liquidators shall be vest
ed in the surviving liquidatOrs. :
ARTICLE VIII.
No stakeholder of this corporation shall
ever be held liable or responsible for the
or faults of said corporation in
my further sum than the unpaid balance
lue to the corporation on the shares
owned by him; nor shall any mere infor-
natity il organization have the effect of !