The southern sentinel. (Winnfield, La.) 1883-1910, 1906-09-14
CHARTER
ROYAL Lumber Company Limited
STATE OF LOUISIANA,
PARISH OF WYNN.

PARISH OF WYNN.
Be ii remembered that on this the 9th day of
appeared before me, Julius II. Long, Notary
Public in andfo the parish OF Winn, La, duly
commissioned and qualified, and IN the pres,
ence OF the Witnesses hereinafter nalnea anu
selves OF the laws of this State relative 10 cor.
porations, and especially of Act No. 30 OF isse
of the General Assembly OF the STATE ei LOUIS
lana they have coyenanted and agreed, and oy
these presents covenant and agree ana plnd
themselves as well rs such other persons as
may hereafter be associated with them, III, 70
form and constitute corporation, body pom,
tic in law for the purposes ana oblects, anu
under the stipulations and provisions herein,
after set forth, which they hereby accept ana
constitute as their charter, to-wIt:
ARTICLE ONE.
The name and title of said corporation shaii
he the ROYAL Lumber Company, Limited, ana
its domicile is hereby established al hoy Ia.
lis said corporate name, said corporation snail
have power and authority to contract, sue ana
be sued; to make and use a corporate sea- ana
the same TO break and alter at pleasure; 10
hold. receive have, purchase, improve, ALLEVIATE
convey SELL borrow. pledge, mortgage ana ny
pothecate, under its corporate name, propeEls
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; 70 MAKE anu
establish by- laws as may be deemed necessary
and uroper and the same to reasonable change
and alter at pleasure; and to do all otner acts
and things permitted by law, or as snail or may
benecessary and proper 10 carry out the oo,
iecfs and purposes of said corporation. sand
corporation unless sooner dissolved by a ma
iority of its share holders shall exist Tor a
period of fifty years from the date hereot.
ARTICLE TWO.
SHIFTS for said corporation shall be brought
in the name CT said corporation by Its presl-
ident or in his absence or inability TO act, IN
file name of the general manager, and all pro-
cess and citation shall be served on said presi-
dent and general manager at the domiciie ana
Office of said company, and in case OF the ap-
sence, death or inaoity 20 acI rom any ~,
the secretary. The officers of this corporation
shall be President, .Vice-President, Secretary
and Treasurer, but the last two named omces
may be filed by one and the same person.
The General Manager and Treasurer, II the
Board of Directors shall so require, shall give
bond, the amount of which the said Board shall
determine Each officer shall be q stakeholder
in said company, and shall be elected annually
by the Board of Directors and serve until their
successors are elected; however, such oincers
shall be subject to removal at the dlscret1on Oh
said directors for good cause shown at any
time before the regular expiration of their time
reasonable notice being given before such
removal.
The objects and purposes for which this cor
poration is organized, and the nature OF the
business to be carried on by 1t, 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 tc
the law. To own and operate saw mills, plan
ing mills, stave mills, single mills, heading
machines in short, all wood working machine
nv for the manufacture of wood into az the
various products; to construct tram roads fol-
the purpose of logging its mills, to own genera
stores and to manufacture, buy and sell lum,
Der, headings, slaves, shingles, latnes and ~
kinds of materials manufactured from wood
to own buy and sell town lots, buildings, etc
and to do all other things necessary for thu
execution and carrying out OF the above oplects
ARTICLE FOUR.
The cauital stock of this company shall bt
Fifty Thousand Dollars $50, o00o01. to be d1
yided into one Thousand shares of fifty dollar'
$4,000 each. Operation to begin when two
hundred shares have been subscribed anf
paid for in cash or its equivalent.
ARTICLE FIVE.
The corporate power of this corporation shall
he vested in Board of Directors to be com
posed of not less than three nor more thai
nine each of whom shall be stakeholder, ant
the majority of said Board of Directors shal
constitute a quorum. The stockholders shai
: hold regular annual meetings, the time o
which shall be designated in the bylaws of tn
CORPORATION, and at such meetings shall elect
Board of Directors and transact any other law
full business that may come before their meet
inrs. The said Beard of Directors shall NEE
within two days after the regular annua
meeting Of the stockholders, and at such meet
ing shall elect President, Niee-Presiden,
Manager, Secretary and Treasurer and sue
other officers as they may deem necessary .
serve for the ensuing year. The first Board @
Directors shall be composed OF w r. jaime:
d. E. James. j. w. Boyett,- ST., j. w. Boyet'
Jr., and ]. A. Boyett. and they are hereb
given the authority to elect such officers q
they may see proper for the ensuing year, 1
all elections for directors and other matter
each stockholder shall be entitled to one vot
for each share owned by him and these vote
must be cast by the stockholders in person Q
shall elect. The Board Of Directors shall max
such bylaws, rules and regulations as may b
necessary for the proper management OF tn
business of this corporation and shall chang
or amend thu same as they deem best and sha
have the power to provide for, contract debts
borrow money issue bills Of exchange, note
pothecations and for doing all other thing
incident to the objects and purposes OF thu
corporation.
ARTIcLE SIX.
This charter may be changed or amended b
majority of votes of its stockholders and
sooner than fifty years from date hereof
majority of the stockholders should determin
to dissolve this corporation, its affairs shall 2
liquidated by q person selected by said stoc
holders.
ARTICLE SEVEN.
No stock holder shall be allowed to own NOR
than fifty shares in said corporation and in an
event be liable for the contracts or faults OF tn
officers OF said corporation beyond any un
paid balance that may be due by him to tn
corporation on the stock owned by him.
Shares of stock may be conveyed or sold G
transferred to the company or corporation onl
and then only By giving ten days notice TO tn
President Of the number OF shares to be sol
3 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 optic
of buying the stock offered for sale by payin
its actuai value, first deducting any balanc
that he may owe the company No perso
shall have the right to vote on shares OF stoc
transferred to him until the transfer shall frs
have been made on the books of tn
ARTIcLE EIGHT.