The southern sentinel. (Winnfield, La.) 1883-1910, 1906-09-21
CHARTER
ROYAL Lumber Company Limited
STATE OF LOUISIANA,
PARISH OF WYNN.

Public in and for the parish of Winn, La, duly
commissioned and qualified, and IN the pres
undersigned declared: That availing them
selves OF the laws of this State relative to cor
porations and especially of Act No. 50 of 1885
of the General Assembly of the State of Louis
lana, they have eovenanted and agreed, and by
these presents covenant and agree and bind
themselves as well such other persons as
NAV hereafter be associated with them, to
form and constitute a corporation, body poll
tic in law for the purposes and objects, and
alter set forth which they hereby accept and
constitute as their charter, to-wit:
ARTICLE ONE.
The name and title of said corporation shall
its domicife is hereby established at Royal.
parish of Winn, State of louisiana; and under
its said corporate name, said corporation shall
have power and authority to contract, sue and
be sued: to make and use corporate seal and
the same to break and alter at pleasure; to
hold, receive, have, purchase, improve, alternate
convey, SELL borrow. pledge, mortgage ana n.y.
pothecate, under its corporate name, property
real personal and mixed; to name and appoint
such officers, directors, agents and managers,
or employees as the interest or convenience OF
said corporation may require; to make and
establish bylaws, as may be deemed necessary
and proper, and the same to reasonable change
and alter at pleasure; and to do all other acts
and things permitted by law, or as shall or may
be necessary and proper TO carry out the OBJ
iects and purposes OF said corporation. SAID
corporation, unless sooner dissolved by ma
iorfty of its share holders shall exist for
period of fifty years from the date hereof.
ARTICLE TWO.
Suits for said corporation shall be brought
in the name of said corporation by its presl-
ident or in his absence or inability to act, IN
the name of the general manager, and all pro-
cess and citation shall be served on said presi,
dent and general manager at the domicile and
office of said company, and in case of the alb
sence death or inability TO act from any cause
of these two officers citation may be served on
the secretary. The officers of this corporation
shall be President, Nice-President, Secretary
and Treasurer, but the last two named offices
may be filled by one and the same person
The General Manager and Treasurer, if the
Board of Directors shall so require, shall give
bond the amount of which the said Board shall
determine. Each officer shall be stakeholder
in said company, and shall be elected annually
by the Board of Directors and serve until their
successors are elected: however, such officers
shall be subject to removal ut the discretion OF
said directors for good cause shown at any
time before the regular expiration of their time
reasonable notice being given before such
removal.
ARTICLE THREE.
The objects and purposes for which this cor
poration is organized, and the nature of the
business to be carried on by it, are declared to
be the following, to-wit: To buy, purchase
and otherwise by deed or gift, will or 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 stave mills, shingle mills, heading
| machines in short, all wood working machine
ry for the manufacture of wood into all the
| various products; to construct tram roads for
the purpose of logging its mills, to own general
stores and to manufacture, buy and sell lum-
ber hladings. slaves, shingles, lathes and all
kinds of materials manufactured from wood,
TO own, buy and sell town lots, buildings, ETC.,
and to do all other things necessary for the
execution and carrying out OF the above objects.
| ARTICLE FOUR.
The capital stock of this company shall be
/ Fifty Thousand Dollars ESQ ,000.o0l. to be di-
vided into one Thousand shares of fifty dollars
| 5000 each. Operation to begin when two
hundred shares have been subscribed and
| paid for in cash or its 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 quorum. The stockholders shall
which shall be designated in the bylaws of the
corporation, and at such meetings shall elect a
Board of Directors and transact any other law
ings The said Board of Directors shall meet
within two days after the regular annual
meeting of the stockholders, and at such meet
| Manager Secretary and Treasurer and such
other officers as they may deem necessary to
serve for the ensuing year. The first Board Of
Directors shall be composed of W r. James
ID. E. James, J. w. Boyett, ST., j. w. Boyett,
Jr and j. A. Boyett. and they are hereby
given the authority to elect such officers as
all 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 the stockholders in person OF
i 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 thu same as they deem best and shall
have the power to provide for, contract debts,
| borrow money. issue bills of exchange, notes
4
pothecations and for doing all other things
incident to 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 il
sooner than fifty years from date hereof Q
to dissolve this corporation. its affairs shall be
liquidated by person selected by said stoct
holders.
ARTICLE SEVEN.
No stock holder shall be allowed to own mors
than fifty shares in said corporation and IN an,
eyent be liable for the contracts or faults of tbs
officers of said corporation beyond any un
paid balance that may be due by him to thu
corporation on the stock owned by him.
Shares of stock may be conveyed or sold O.
transferred to the company or corporation oni,
and then only by giving ten days notice 10 tht
President of the number of shares to be SOLE
!, and the price for which the said sale is to b
| made, who shall in turn notify the othe
stock holders, and they shall have the optiol
its actual value, first deducting any balanc'
that he may owe the company. No person
shall have the right to vote on shares of stool
transferred to him until the transfer shall frs
have been made on the books of tn
company.
/, ARTICLE EIGHT.
The President, IN his absence, or in case o
, his inability to act, the Vice President shall
give each stakeholder ten days notice befor
, the annual meeting of stockholders, to b
held as may hereinafter be determined; ant
lat any call meeting of the stockholders the.
must have notice five days before the date Oh
which they are called to meet unless the.
I should waive such notice.
Thus done and passed in my notarial offic
at the town of WINFIELD, on the day and II
the month and year first above written, in tn
presence of E. E. Kidd and j. w. Wasson
competent witnesses, who hereunto subscrlb
their Names together with said parties and me
notary.
! w. r. James by d. E. James, 5000; j. w
, Boyett ST., by ID. e. James, 1000; j.
Boyett. Jr., by d. E. James, g 600; ID. E. James
81. 500; ]. A. Boyett by ID. E. James, 81 900.
Witnesses: JULIUS T. LONG,
7. w. WATSON. Notary Public.
Earl E. Kidd. 1Seal
i Having examined the foregoing act of in
corporation and finding nothing contrary Z
law therein, hereby approve the same.
!" n n