The southern sentinel. (Winnfield, La.) 1883-1910, 1906-09-28

may he filed by one and the same person.
The General Manager and treasurer, tne
Board of Directors shall so require, shall gave
bond the amount of which the said Board shall
determine. Each officer shall be stoekholder
in said company. and shall be elected annually
nv the Board of Directors and serve until their
successors are elected; however, such ofncers
shall be subject to removal at the discretion oil
said directors for good cause shown at any
time before the regular expiration of their time
reasonable notice .belng gwen before such
removal.
ARTICLE THREE.
The objects and purposes for which this cor
noration is organized, and the nature of the
business TO be carried on by II, 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 10
the law. To own and operate saw mills, pian-
inc mills. st:ye mills, shingle mills, heading
machines, in short, all wood working machine
nv for the manufacture OF wood into all the
various products; to construct tram roads LOT
the purpose OF logging its mills, to own general
stores and to manufacture, buy and sell lum.
ber HEADINGS, slaves, shingles, lathes ana all
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 $50, 10000. to be d.
yided into one Thousand shares of fifty dollars
$4,000 each. Operation TO begin when two
hundred shares have been subscribed ana
paid for in cash or its equivalent.
ARTICLE FIVE.
The corporate power OF this corporation snail
be vested in Board of Directors to be COM
posed of not less than three nor more than
nine each of who shall be a stakeholder, and
the majority of So d Board of Directors shall
constitute a quorum The stockhoiders snail
hold regular annual meetings, the time of
which shall be designated in the bylaws OF the
corporation, and at such meetings shall elect
| Board of Directors and transact any other law
| full business that may come before their meet
inps The said Board of Directors shall meet
within two days after the regular annual
meeting of the stockholders, and at such meet
| ing shall elect n President, ce-President,
| Manager. Secretary and Treasurer and such
other officers they may deem necessary to
serve for the ensuing year. The hrst Board OF
Directors shall be composed of w. X. James,
| ID. E. James, J. w. Boyett, Sr.. j. w. Boyett,
| Jr. and j. A. Boyett. and they are hereby
/ given the authority to elect such ofncers as
| they NAV see proper for the ensuing year. In
| 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 or
/ by proxy, and the majority OF 1.-The votes cast
/ shall elect. The Board of Directors shall make
such bylaws, rules and regulations as may pc
i necessary for the proper management OF the
| business of this corporation and shall change
or amend tina same as they deem best and snaii
have the power to provide for, contract debts,
| borrow money issue bills of exchange, notes
accepeances execution of mortgages and hy-
publications. and for doing all other things
incident to the objects and purposes oil TINS
corporation
1 ARTICLE SIX.
| This charter may be changed or amended by
a majority of votes of its stockholders and II
l,-ooner than fifty years from date hereof Q
majority of the stockholders should determine
to dissolve this corporation, its affairs shall be
liquidated by person selected by said STOCK
holders.
/ ARTICLE SEVEN.
III ~, all ra1f tn
than fifty shares in said corporation and in any
event be liable for the contracts or 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 OF
transferred to the company or corporation only
and then only by giving ten days notice TO the
President of the number of shares to be sold
and the price for which the said sale Is to 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
its actual va lie, first deducting any balance
that he may owe the company. No person
shall have the right to vote on shares OF stock
transferred to him until the transfer shall firs
have been made on the books of the
J company.
ARTICLE EIGHT.
The President or in his absence. or in case o
his inability to act, the Vice President shall
give each stakeholder ten days notice before
the annual meeting of stock holders, TO ot
! held as may hereinafter be determined; ane
| at any call meeting of the stockholders they
must have notice five days before the date or
which they are called to meet unless they
| should waive such notice.
| Thus done and passed in my notarial Office
at the town of v'inT ield, on the day and in
| the month and year first above written. in the
| presence of Z. L. Kidd and j. w. WATSON
| competent witnesses. who hereunto subscrib.
their names, together with said parties and me
notary.
B w. r. James by D. E. James, 5000: ]. w
Boyett ST.. by ID. E. James, 5000; w
Boyett Jr., by ID. E. James, 81 600; ID. e. James
} $. 500; j. A. Boyett by ID. E. James, 50 600
Witnesses: JULIUS Il. LONG,
]. w wasson Notary Public.
Earl E. Kidd. tseal
Having examined the foregoing act of in
corporation and finding nothing contrary Z
law therein, i hereby approve the same.
This WINFIELD, La, August q, 1906.
o. NJ. GRESHAM, Dist. Attorney
! STATE OF LOUISIANA,
Parish of Winn.
D / hereby certify that the within and fore
going is a-true and correct copy of the origina
5 charter of the Royal Lumber Co., Ltd, n
shown by the original on file in this office.
Filed for record and recorded August Y
, 1906 on page Is ct seq in Book "E'' Mortgag
5 Records of the Parish of Winn, Louisiana.
Given under my hand and seal of office o.
this the S0th day of August, A. D., 1905.
s. NJ. ABEL,
Dy. Clerk 9Th ID. @. and Elk -0fhci
oct5 Recorder of the Parish of Winn, La