The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1903-10-10
UNITED STATES OF AN!f,nICA,l )
STATE O.. LOUISIANA

America, the one Hundred and Twenty
seventh.
Before me, Francois p. Pcrret, Notary
Public. duly commissioned and qualified in
and for the Parish of st. larry. State of Louis
lana, and in the presence of the witnesses
hereinafter named and undersigned, per
sonally came and appeared the several
persons whose NAMES are hereunto subscrib-
ed, and who sevcrally declared, that, avail
ing themselves OF the provisions of Act No.
Sc, of the Legislature OF the State of Louis-
ana, for the year 1883, and of the provisions
of al. other laws OF the State OF Louisi-
am. relative to the organization of corpora
for themselves, their associates, success
Ors, and assigns, form themselves into Il
corporation under the laws of the State of
Louisiana, anc under the following terms
and conditions, tO-wit:
ARTICLE I.
The name and title o., 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 (y9J years from date of this act.
ARTICLE Ii.
The domicile OF this corporation shall be IN
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 Vice-Prcsidcut of said cor
poration.
1t shall have power to contract sue and be
sued to make Il corporate seal and the same
To break or AFTER 1T pleasure, ana to
hold, receive, rent, purchase, sell, and
convey, us well AS mortgage and hypOthecate
under its corporate name, property, both
rca! and personal; to borrow and lend
money. to execute" noses and bonds: to
name ana appoint such managers, directors,
officers, overseers, and agents, ITS 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. ana the same to be amended or
altered at pleasure, and generally to DO
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 be carried on by it, are
declared to be-
10 carry on general lumber business !;
to manufacture and SILL lumber; to buy
timber and timber lands; and to build and
operate railroads, canals, basins, locks, snip
yards. etc, steam boats, sail boats, DargcS,
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, Us they may deem
necessary i'll conducting said business; and
to buy and sell hands, 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 convenient.
ARTICLE ".
The Capital stock OF this corporation shall
be TWENTY THOUSAND (S2O,0OO.o0)
DOLLARS, to be divided into 200 shares of the.
par value OF OND HUNDRED ($I0Je0) DOL
LARS each; which shall be PAID for at such
times, III SUCH manner, ana IN such amounts
as 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 zone tor it. The corporation
may commence business as soon as Ten
Thousand (Slo,oOO09} Dollars of its capital
stock shall nave been subscribed for.
Transfers OF stock vii! not be recognized
unless such stock is transferred Oh the
books OF the Company By the owner or his
duly authorized agent 30 stakeholder can
sell amy portion OF their stock without first
offering 1t to the company at its market
value.
All the powers of this corporation will
be vested in and exercised by Il Board a0i
Directors, composed OF four members, the
President being eN-otficio 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 he stock
holders cf this company, which annual
| meeting shall be held on the first Tuesday OF
January of each year at which meeting
every stakeholder shall have the right in
person or by proxy, to cast one vote Oh each
share of stock held by him. Three 90 mem.
bers of the Board OF Directors shall consti-
tute quorum. said Board shall have
Il
Board, and all officers and directors shall
hold and continue IN office until theiI
SUCCESSORS shall have been elected and
qualified. The annual meeting of the
shareholders shall be preceded by ten days
notice, published in IA newspaper i'll st. Mary
Parish, and by II 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 VINO may be a bsent from the dom
icile of the company, or VINO may be pre-
vented by sickness from attending may give
Il written proxy TO any other member OF the
said Board OF Directors, to represent
him on all matters at any meeting OF
the Board of Directors, whether special
or general. The first Board OF Di-
rectors of this company, who shall hold
Office until the second Monday of january
1904, or until their succesSorxaaeee lected and
qua.itied, shall be Alcide Veeder, Afberi
Verret, Anatole Woltord, j. Leonard Ro-
bichaux, with Arthur " clifford, as President;
Anatoie Wolford, Vice President; Alcide
Vceder Secretary and Treasurer. (The
Secretary and Treasurer need not be Il
share holder or directory
The officers OF this company shall be q
President, u Vice-President, and Secre-
tary and Treasurer.
The Board of Directors shall at the first
meeting after their Owlf.electon elect all the
officers of this company
ARTICLE VI.
I This Charter may be amended, by a vote c
the majority of the shareholders held at a
general meeting convened tor that purpose
after ten days notices published in one of
the newspapers of ST. Nj larry Parish, and after
Il copy of said notice 3f said meeting shall
have been mailed to bach stock holder, ut
his address as left With the Secretary of this
company ut least eight days before such
meeting; and the CORPORATION may be dis
solved with the ASSERT of three fourtl,s of
the stock represented at such meeting. The
capital stock of this company may be i'll.
creased or dminished by complying with
the geneaal laws of ting State OF Louisiana
upon such matters.
ARTICLE VII.
Whenever this company shall be dissolved
either by the expiration of its charter or
sooner by a vote of the shareholders, two
liquidators shall be elected by the share
holders at a general Meeting of the share
holders held after ten Hays notice as above
provided. These liqut&atOrs shall have full
power to liquidate all Die affairs of the com
pany, and Shall con6 nue i'll office until
the full liquidation of the corporation
and in case of the death of either
of them. the shareholders may elect sue
cessor, or if they do nbt elect a successor,
ed in the surviving iiquidators.
ARTscLt VIII.
No STOCKHOLDERS OF this corporation shall
sever be held liable u responsible for the
contracts, or faults OF said corporation i'm
any further, sum than the unpaid balance
due to the corporation on the shares
owned by him; nor shall any mere infor-
mality i'll organization have the effect of