The Opelousas courier., 1905-07-15

thousand mig hundred and i've, before me,
Luclus GarlahR Dupre, a notary public, duly
commissioned, Enalitied. and sworn to act is
such, in and for Said State and Parish. and in
presence of tho witnesses hereinafter named
and Undersigned $arsOnally came and appeared
the parties VIII BE names are hereunto~ sub
scribed, all of fW# age, who declared that, avail
ing themselyeiF the provisions of the laws OF
this State rsShlye to corporations, and espec-
tally OF AcsEsso. SO of 1888 o. the General AS
sembly Of louisiana, they Wave covenanted
and agreed3lnd by these presents covenant
ard agree aI&1 bind themselves, as well as such
other persoI& as may hereafter become asso-
ciated with t&em, to form and constitute a cor
pOratlon and&body polite in law. for the pur-
p p1se e and aao o agSSto aps under the 81, stipnlations,
ARTICLE I.
The name and the title of the said corpora
ton shall be The st. Landry Lumber Com
pany, Limited" and its dOmicile is hereby es
tablished in the town OF Opelousas, st. Landry
parish. La, and under its corporate name said
contract, sue and he sued, to make and use a
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 it's SAID cor
pOrate name, property, real, personal and
mixed, to name and appoint such officers, di-
the interest or convenience of said corporation
may require; to make and establish bylaws,
rules and regulations for the proper manage
ment and regulation of its affairs, as may be
deemed necessary and proper, and the same to
change and alter at pleasure, and do all other
acts and things permitted by law, or as shall
or may be necessary and proper to carry out
the objects and purposes of said corporation.
Said corporation, unless sooner dissolved, in
accordance with its charter, shall exist and
continue for the period Of twenty-five years
or in his absence the vice-president. shall be
the proper person upon whom citation or other
legal process shall be served.
ARTICLE II.
The capital stock of the said corporation
shall be ten thousand dollars, divided into and
represented by one hundred shares Of the sum
of one hundred dollars each, which said stock
shall be paid for in cash at the time of cub
scription, or the same may be issued at not
less than par, in payment or exchange for
property or rights actually received or puf-
chased by said corporation, or the same may
be issued full paid for money advanced and
for such other valuable consideration OR ser
Vices as the board of directors of said corpora
ton 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 days
prior notice of such intention to sell, assign or
transfer the same be given the company, and
the other stockholders thereof shall have the
first privilege of purchasing same, after which
thirty days notice the said stock may be sold
in open market. The said stock of this corpor-
atlon may be transferred under the above con-
ditions, provided such transfer thereof be made
on the books of said company at Its office in
O%pelonsas, La, and on surrender Of the certif-
cate therefor. No transfer of any fractional
part OF a share shall be made.
This corporation shall mmen doing bust
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 tlis-cor-
poration is organized, and the nature of the
business to be carried Oh by it, are declared to
be the following, to-wit: For the purchase and
sale of lumber 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 on a general CONNER cial business
In lumber or timber.
ARTICLE ".
The corporate powers of this company shall
be vested in and exercised by a board OF three
directors consisting OF the president, vice-pres-
idents and secretary and treasurer. Three of
said board shall constitute a 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 Opelousas, presi- |
dent; Benjdmen F. Tucker, of Weaub1ean, Mis- |
souri,, vice-president; and Oscar Leonard Greg
DRY, OF Opelousas, La, secretary and treasurer.
No person shall be eligible as director or an |
officer who is not a stakeholder of this COM
During the absence OF the president the |
vice-p1 esident shall act and preside. Said board
shall continue in Office for twelve months from |
this date, on which date, and thereafter an |
a board of directors shall be elected to |
serve for the ensuing year, unless said day be a |
legal holiday, when the election shall be 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
Opelonsas, La, and the board of directors shall
appoint one or more stockholders to preside at
such election as commissioners. lii event of
the failure of any commissioner or commission
ers to attend, the president shall by appoint
ment fill the vacancy. Failure from any cause
whatever to elect directors the day named Tor
that purpose shall not dissolve the corpora
lion, but the directors then in Office, as well as
the officers of said company, shall hold over
until their successors are chosen.
In such event the president shall cause an
election to be held within thirty days,
and shall give notice thereof as hereinabove
provided; At every election and meeting each
'tockholder shall be entitled to vote for each
of stock registered in his name, and may
7ote by proxy.
The election of directors shall be by ballot,
hare OF stock voted upon to be counted for one
,Ote, shall elect the person or persons for whom
hey have been cast. After such election the
OF directors shall elect from their own
lumber the officers OF said company.
ARTICLE v.
The board of directors shall have full power
o I'LL vacancies in their number caused by
cath. resignation or otherwise, from among
ne STOCKHOLDERS OF the corporation. The said
company, and shall 80 conduct, manage
nd use the same as in their discretion they
eem MT and that Is consistent with the objects
I this company or the welfare of the same.
he said board is further authorized to frame {
nd adopt such bylaws, rules and regulations i
, the affairs and business Of the corporation
lay require, and as it may deem necessary for
le conducting and management thereof, pro-
lded the same shall not conflict with this
aarter, or with the laws of this State, or the
nited States. The said board shall elect or
ppoint a secretary and such officers, agents,
nployees, servants and clerks as it may deem
ecessary for the conducting of the business of
le corporation, fix their compensation, term
service, with the right to dismiss them at
I'D boards pleasure; and said board shall have
le right to tx and determine the salaries of
10 several officers herein provided for.
ARTICLE VI.
This, charter may be changed, modified or
nended, the capital stock Increased or de-
'eased, or this corporation may be dissolved
q general meeting Of the stockholders con-
ened FOR the purpose. with the assent OF three a
urths OF the entire capital stock, whether Ii
'esent or represented at such meeting. Ten b
any English newspaper published in the
WI OF Opel0usas, La. In case of dissolution Ii
termination OF this corporation, either by
initiation OF Its charter or from any cause, the
luldati0n OF Its affairs shall be conducted by
rec commissioners, selected from the stock :
,lders, with like assent, and at q meeting 8
lied for that purpose, as above set forth In
is article. Said commissioners shall remain
ONCE until the affairs of said corporation Il
all have been fully liqnidated. In case or the o
4ath OF ono or more OF said commissioners, the n
ryfyors or survivor shall continue to act. o
ARTICLE VII. y
stockholder OF this corporation shall ever ii
held liable or responsible for the contracts
faults tnereof, IN any further sum than the