The southern sentinel. (Winnfield, La.) 1883-1910, 1906-10-05

TT.
The General Manager and Treasurer, if the
Beard of Directors shall require, shall give
bond the amount of which the said Board shall
determine. Each officer shall he a stakeholder
il said company, and shall he elected annually
by the Board of Directors and serve until their
Successors are elected; however, such officers
shall be subject to removal at the discretion OF
said directors for good cause shown at any
time before he regular expiration of their time
reasonable notice being given before such
removal.
ARTICLE THREE.
The objects and purposes for which this cor
poTation is organized, and the nature o. the
business TO be carried on by 1t, are declared 10
he the following, to-wit: To buy, purchase
and otherwise by deed or gift, will other
wise to own, have and hold, to sell, convey
and dispose OF, timber and land of whatsoever
kind or description. by any process known to
the law. To own and operate saw mills, plan
ing mills. staSe mills, shingic mills, heading
machines. in short, all wood working machine
~ FOR the manufacture of wood into ali the
various products: TO construct tram roads for
the purpose Of logging la mills, To own general
stores. and tn manufacture. buy and sell iam-
Der, h1adings, slaves, shingles, lathes and ali
kinds o! materials manufactured from wood,
to own. buy and sell Town lots, buildings, etc,
and to do all other things necessary for tie
execution and carrying out OF the above objects.
ARTICLE FOUR.
The capital stock OF this company shall be
Fifty Thousand Dollars tS50.Oc0.eOl. 10 be di-
yidcd into one Thousand shares OF fifty dollars
sS5G001 each. Operation to begin when two
paid for IN cash or It's equivalent.
ARTICLE FIVE.
The corporate power OF this corporation shall
be vested IN Board of Directors to be COM
posed Of not less than three nor more than
nine, each OF whom shall be a stakeholder, and
the majority of said Board OF Directors shall
constitute a quorum. The stockholders shall
hold regular annual meetings, the time OF
which shah be designated in :he bylaws of the
corporation, and Ct such meetings shall elect q
Board of Directors and transact any other law
ings. The said Board Of Directors shall meet
within tive days after the regular annual
meeting of the stockholders, and nj such meet
ing shall elect President, Nice-PFeStdent,
Manager. Secretary and Treasurer and such
other officers they may deem necessary to
serve for The ensuing year. The first Board OF
Directors shall be composed OF W. X. James
ID. r. James. J. W. Boyett. Sr.. J. w. Boyett,
Jr., and J. \. Boyett. and they are hereby
given the authority to elect such officers as
they may see proper for the ensuing year. IN
ali elections for directors and other matters
each stakeholder shall be entitled TO one vote
for each share owned by him and these votes
must be cast by TIE stockholders III person or
by proxy and the majority of the votes cast
shall elect. The Board of Directors shall make
such bylaws, rules and regulations as may be
necessary for the proper management OF the
business of this corporation and shall change
or amend ths same as they deem best and shall
have the power to provide for, contract debts,
borrow money, issue bills OF exchange, notes
acceptances, execution of mortgages and hy-
publications and for doing all other things
incident 10 the objects and purposes OF this
corporation.
ARTICLE SIX.
This charter may be changed or amended by
a majority Of votes of its stockholders and II
sooner than fifty years from date hereof q
majority of the Stockholders should determine
to dissolve this corporation, its affairs shall be
liGuidated by person selected by said stock
holders.
ARTICLE SEVEN.
No stock holder shall be allowed to own more
H. u Srtl
event be liable Ter the contracts OF faults of the
officers of said corporation beyond any un=
paid balance that may be due by him to the
corporation on the STOCK owned by him.
Shares OF stock may be conveyed or sold or
transferred to the compsny or corporation only
ana then only by giving ten lays notice 20 the
pYesiGen, of the number OF shares to be sold
and the price for which the said sale is 10 be
made. who shall in turn notify the other
stock holders, and they shall have the option
of buying the stock offered for sale by paying
It's actual value, first deducting any balance
that he may owe the company. No person
shall have the right 10 vote on shares of stock
transferred 10 him until the transfer shall first
have been made on the books of the
company.
ARTICLE EIGHT.
The President, or IN his absence, or in case of
his inability TO act, the Vice President shall
give each stakeholder ten days notice before
the annual meeting of stockholders, to be
held as may hereinafter he determined: and
al any call meeting of the stockholders they
must have notice five days before the date on
which they are called to meet unless they
should waive such notice.
Thus done and passed in my notarial Office
a. the town of Winfield, on the day and IN
the month and year first above written. in the
presence of E. Z. Kidd and j. w. WATSON,
competent Witnesses, who hereunto subscribe
their Names together with said parties and me,
notary.
W. II. James by ID. E. James, 5000; J. w.
Boystt Sr.. by ID. E. James, S2001; j. w.
Boyett. Jr., by D. T.. James 3, 600: ID. l.. James,
-. 5e9: J. =. Boyett by ID. +. James, - co.
Witnesses: JULIUS Il. LONG,
/ j. w. WATSON. Notary Public.
Earl E Kidd. tSeai
Having examined the foregoing act of in
corporation and finding nothing contrary to
law therein, hereby approve the same.
This WINFIELD, La, August %. 1896.
o. NJ. GRESHAM, Dist. Attorney.
STATE OF LOUISIANA,
Parish of Winn.
| / hereby certify that the within and fore
| goirg is true and correct copy Of the original
charter of the Royal LumSer Co, Ltd, as
shown by the original on file in this Office.
Filed for record and recorded August p,
| 1908, on page i6 eft sea in Book e. Mortgage
Records of the Parish OF VIM. Louisiana.
Given under my hand and seal of office On
this the 30th day of August, A. D., 1906.
s. NJ. ABEL,
by. Clers 9Th ID. c. and Ex- Ofiicio
oct 5 Recorder OF the Parish of VIM La.