The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1905-07-20

pledge property, both real and personal,
may have and use corporate seal, and
same to change at will, and may have
and possess all powers and privileges
which corporations have, or may be au-
thorized to possess, by and particularly,
to carry out the purposes Of the Corpo-
ration. Its domicile shall be Bolinger.
Bossier Parish, La.
ARTICLE II.
The objects and purposes of this Cor
poration shall be to buy and sell timber.
lands, and to cut timber and haul logs
for manufacture, to build and operate
railroad, telegraph and telephone lines,
and to conduct general merchandise
business.
ARTICLE III.
Citations and all legal processes shall
be served on the President, and in his
absence on the Vice-President.
ARTICLE ".
The capital stock of the Corporation is
declared to be Eight Thousand Dollars
$4,000, divided into one hundred and
sixty (16O) shares of fifty dollars (S5O)
each, which shall be paid for in cash or
property actually sold and delivered to
the Corporation, and shall be due and
payable at such time and places as the
Board OF Directors may determine.
The Corporation shall begin business
as soon as the capital stock shall have
been subscribed to and paid in.
ARTICLE V.
The affairs Of the Corporation shall be
under the management and control of
the Board of Directors, composed Of
three stockholders, to be elected annu-
ally at meeting of the stockholders for
that purpose, to be held on the fourth
Saturday of June, 1906, and annually
thereafter, after ten days notice given
to each stakeholder by the Secretary.
Until the first election, the Directors
shall be M. S. Bolinger, J. H. Goodman
and C. T. Matlock, who shall serve until
their successors are elected.
ARTICLE vi.
The officers of the Corporation shall be
President, Vice-President and Secre-
tary, and said officers shall be elected
annually at a meeting of the stockhold-
ers. Until the first meeting the officers
shall be M. S. Bolinger, President; J. HI.
Goodman, Vice-President, and c. 7.
Matlock, Secretary; who shall serve
until their successors are elected.
ARTICLE VII.
No stakeholder shall ever be held to
be liable or responsible for the contracts
or faults of said Corporation in any
further sum than the unpaid balance due
to the Company on the shares subscribed
by him, nor shall any informality in the
organization have the effect of rendering
the charter null, or Of exposing any
stakeholder to any liability beyond the
amount of stock owned or subscribed by
him.
No transfer of stock by the holders
thereof shall be binding on the Corpora
ton unless said transfer is duly entered
on the books.
ARTICLE VIII.
Whenever this Corporation is dissolv-
ed by limitation or any other cause, the
affairs shall be liquidated by Board of
Liquidators, to be elected by the stock
holders for that purpose. In case of
death or failure to act, said remaining
hquidators shall appoint some one to fill
vacancy from the stockholders of the
Corporation.
This done and passed at my Office, in
said Bossier Parish, State of Louisiana,
on the day and date above written, in
presence Of A. H. Evans and D. J. Con-
don, who are competent witnesses,
signed with these present, and me as
Notary Public.
M. S. BOLINGER.
J. H. GOODMAN,
By M. S. Bolinger.
CT. MATLOCK,
By M. S. Bolinger.
Attest:
A. H. EVANS.
D. j. CONDON.
T. z. BARNETT,
Notary Public.
l hereby certify that l have examined