The Opelousas courier., 1905-08-05

for such other valuable considerations or ser
Vices as the board of directors OF said corpora
ton may Determines; provided that no stock
shall he 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 day 6
prior notice of such intention to sell, assign or
transfer the same be given the company, ana
the other stockholders thereof shall have the
first privilege of purchasing same, after when
thirty days notice the said stock may be sold
in open market. The said stock of this corpor-
alton may be transferred under the above con
ditions, provided such transfer thereof be made
on the books of said company at its office IN
Opeiousas, La, and OH surrender or the certl1l,,
cate therefor. No transfer of any fractional
part of u share shall be made.
This corporation shall commence doing blsl-
ness as soon as seven thousand dollars OF the
capital stock shall have been subscribed for.
The board of directors shall have the right to
determine how much stock shall be ISSUED.
ARTICLE III.
The objects and purposes for which this cor
pOrati0n is organized, and the nature or the
business to be carried on by it, are declared to
be the following, tO-wit: For the purchase and
sale of umbera at wholesale or retail, the pur-
chase and sale of real estate and personal prop
erty, the erection of buildings for sale or rent,
and to carry Oh a general commercial business
in lumber or timber.
ARTICLE ".
The corporate powers of this company shall
be vested Ill and exercised by a board of three
directors consisting of the president, vice-pres-
ident. and secretary and treasurer. Three OF
said board shall constitute u quorum for the
transaction OF business, and their decisions
| shall be of valid corporate acts. The following
persons shall be and constitute the first board
of directors: Louis Rogers. of OpelOlisas. presi-
dent; Benz men +. Tucker, of Weaubleau, Mis-
souri,, vice-presinent; and Oscar Leonard Greg
DRY, of Opelo,lsas, La, secretary and treasurer.
No person shall be eligible as director or an
officer who is not Il stakeholder OF this com
| pany. During the absence of the president the
vice pr esident shall act and preside. Said board
shall continue in office for twelve months from
this date. on which date, and thereafter All
nually. a hoard of directors shall be elected to
serve for the ensuing year, unless said day he a
legal holiday. when the election shall he held
the next legal day thereafter. Notice of such
election shall be given by at least ten days CON
tinuOus publication immediately preceding
each election in a newspaper OF the town of
Opel0usaS, Lii, ami the board of directors shall
appoint one or more stockholders to preside at
such election us commissioners. In event OF
the failure of any commissioner or commissions
ers to attend, the president shall by appoint
ment fill the vacancy. Failure from any cause
whatever to elect directors the day named Ior
that purpose shall not dissolve the corpora
ton, but the directors then in office, as well as
the officers OF said company, shall hold over
until their successors are chosen.
In snch event the president shall cause an
other election to he held within thirty days,
and shall give notice thereof as hereinabove
provided. AT every election and meeting each
stakeholder shall he entitled to vote for each
share OF stock registered i'll his name, and may
vote by proxy.
and the majority in amount OF votes cast, each
share of stock voted upon to be counted for one
vote, shall elect the person or persons for whom
they have been cast. After such election the
board of directors shall elect from their own
number the officers of said company.
ARTICLE V.
The board of directors shall have full power
to fill vacancies in their number caused by
death, reslsnatlon or otherwise. from among
the stockholders OF the corporation. The said
board shall have full control OF the property Of
this company, and shall so conGuct, manage
and use the same as i'll their discretion they
deem hit and that is consistent with the objects
of tins company or the welfare of the same.
The said board Is further authorized to frame
and adopt such bylaws, rules and regulations
as the affairs and business of the corporation
may require, and as it may deem necessary for
the conducting and management thereof, pro
vided the same shall not conflict with this
charter, or with the laws of this State, or the
United States. The sand board shall elect OF
appoint a secretary and such officers, agents
employees, servants and clerks as it may deem
necessary for the conducting of the business OF
the corporation, fix their compensation, tern
OF service, with the right to DISMISS them al
said boards pleasures; and said board shall have
the right to fix ana determine the salaries OF
the several officers herein provided for.
ARTICLE VI.
This charter may he changed. modified OIL
amended, the capital stock increased or de
creased, or this corporation may he dissolved
at a general meeting OF the stockholders con
Vened for the purpose, with the assent of three
fourths of the entire capital stock, whether
present or represented AT such meeting. Tel
days prior notice OF such meeting shall be giveI
in any English NEWSPAPER published IN the
town OF Opelousas, La. In case of dissolution
or termination OF this corporation, either by
limitation of lis charter OF from amy cause, the
liquidation OF its affairs shall be conducted by
three commissioners, selected from the stock
holders, with like assent, and at II meeting
called for that purpose, lis above set forth IL
this article. Said commissioners shall remain
in office until the affairs OF said corporation
shall have been fully liquidated. In case OF tbs
death of one or more of said commissioners. the
survivors or survivor shall continue to act.
ARTICLE VII.
No stakeholder of this corporation shall ever
be held liable or responsible for the contracts
or faults thereof, in any further sum than the
unpaid balance due the company on the shares
of stock subscribed for or owned by him, mol
effect OF rendering this charter null, Or Of ex.
posing a stakeholder to any liability beyond
the unpaid balance, if any, Of his stock.
Thus done and passed at my office. in the
town of OpelOusas, La, on the day, month and
year herein first abeve written, in the presence
of B. A. Guidry and Kenneth Baltic. cOmpe-
tent witnesses of lawful age, residents of this
with said parties and me, notary, after reading
of the whole.
Q. 1. Gregory, thirty 500 shares.
B. F. Tucker, per . L.. Gregory, so shares.
Louis Rogers, ten QO) shares.
Witnesses: b. A. Guidry, Kenneth Baillin.
LUCIUS G. DUPRE, Notary Public.
I, Robert Lee Garland, District Attorney of
the 10th Judicial District of Louisiana, do here
by certify that I have examined the foregoing
act of incorporation of the st. Landry Lumber
Co., Ltd, which has been handed me for exam
nation as to its legality, and that 1 am of the
opinion that the objects and purposes of said
corporation, as specified in said act, are legal,
and that none OF the provisions therein CON
tanned are contrary to law.
Parish of at. Landry, this eth day of July. A.