New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1903-10-17
CHARTER
The Salt Water Lumber Co., Ltd.

10 Sail wafer LuInDeI GU., Llu.
United States Of America, State of
Louisiana, Parish of Iberia.
Be it known, that on this 1st day
of the month Of September, A. d. 1908,
before me, John E. Schwing, Notary
Public, duly comm ioned and quail
| fled in and for the Parish of Iberia,
State of Louisiana and in the presence
of the witnesses hereinafter named
and undersigned, personally came and
appeared the parties whose names are
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. sc of 1888 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 stipulations, articles and
conditions, to-wit:
ARTICLE l.
The name and title of the said cor
poration shall be 1.-the Salt Water
Lumber Company, Limited, and its
domicile is hereby established in
PatoutviIle, 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 at 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 APP
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
poration.
Said corporation unles sooner dis
solved in accordance with it's charter,
shall exist and continue for the period
of Ninety Nine (9e) 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
one Or more boats for dragging tim
Der or for the purposes in connection
Herewith, and to carry on generally
lumber manufacturing and said
mill business, and to do everything
necessary and convenient in connec-
ton with the business.
ARTICLE III.
The capital stock of the said corpor-
alton shall be One Hundred Thousand
and oo-1OO $500, 600. oo) Dollars
divided into and represented
by One Thousand (100O) shares of One
Hundred and CO. 1907 500 Dollars 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 for labor done or property
actually received by the corporation,
or tie same may be issued full paid
for money advanced or for such other
valuable consideration or services as
the Board Of Directors may determine;
provided that no stock shall be issued
until the consideration therefor has
been received by the said corporation.
Any stakeholder may sell. assign or
transfer his stock in this corporation,
provided thirty (so) days notice Of
such intention to sell, assign or trans
fer the same be given the corporation
and the shareholders shall have the
first privilege Of purchasing same.
In the event the shareholders refuse
to buy the Same. it shall b sold in
open market 1t expiration Of notice.
All transfer Of stock shall be made
upon the books q tbe saGporation.
This corporation dhall commence
: ~ NM