The Caucasian. (Shreveport, La.) 1900-192?, 1907-08-27
CHARTER
Ct THE N. A. AYERS LUMBER
COMPANY.

COMPANY.
State of Louisiana, Parish of Caddo:
Before me, Frank J. Looney, the under
signed authority, Notary Public in and
fer Caddo Parish, Louisiana, at my of
fee in the City of Shreveport, Louisiana,
came and appeared on the date herein
after written, the undersigned, all of
Shreveport, Caddo Parish, Louisiana,
who declared to me in the presence of
the attesting witnesses that they desire to
form and constitute a corporation under
the laws of Louisiana, and that they do
hereby form themselves and their sue
cessors into corporation and constitute
same in compliance with the provisions
and subject to the restrictions of the
laws of the State of Louisiana govcrllin.
corporations and under the provisions
If the articles of incorporation herein
ifter set forth
ARTICLE |.
The name of this corporation shall be
N. a. AYERS LUMBER COMPANY,
by its name it shall have the power and
authority to have and to enjoy success
sion for the period of twenty-five years;
to contract, sue and be sued; to make
and use a corporate seal, and the same
to break, alter or amend at pleasure;
and under this name to hold, receive,
purchase, and otherwise acquire, to own
convey, sell or otherwise dispose Of, to
lease, pledge, mortgage, or to otherwise
property, real, personal and
mixed
ARTICLE II.
The domicile of this corporation is de-
clared to be in the City of Shreveport,
Louisiana.
ARTICLE III.
The nature of the business to be car
ried on and the purpose for which this
corporation are established are as fol
lows: To buy and sell land or timber,
10 manufacture and sell lumber and to
conduct a general saw mill business.
ARTICLE w.
The corporate powers of this corpora
ton shall be vested in board of direc-
tors composed of six stockholders. The
directors sahll elect president, vice
president, secretary-treasurer, and shall
prescribe the duties of each Election OF
directors shall take place the second
Tuesday of January of each year. The
first board of directors shall be as toll
lows: N. A. Ayers, T. R. Lawhon, R. S.
Ayers, F. S. Ayers, J. E. Bell and K.
T. Lawhon, with L. r. Lawhon, presl-
dent; N. A. Ayers, vice president, and
F. S. Ayers, secretary-treasurer. All
officers and directors shall serve until
their successors are elected. Service OF
all legal process shall be made on the
president. Or in his absence OH the
vice president, Or in the absence Of both
on the secretary-treasurer, at the office
Of the company The board of directors
may appoint such managers, agents or
sub-officers as the interests of the cor
poration may require and make and es-
tablish such bylaws as may be neces-
sary and proper for the management and
regulation of the affairs of the corpora
ton. If any vacancies occur among the
officers or directors the remaining direc'
tors may select stockholders to fill the
same. The board of directors shall have
the power to borrow, and lend money
issue bills of exchange, notes, bonds
drafts, and all other negotiable paper
execute mortgages and generally to df
all things incident to the objects ant
purposes of this corporation.
ARTICLE V.
The capital stock Of this corporation
shall be seventy-6ve thousand dollar
($75,ooooo) divided into seven hundred
and fifty shares of the par value of on
hundred dollars ($Ioooo) each. Thi
stock shall be paid for in cash or it
equivalent at the time of its subscription
unless other terms are allowed by tn
board of directors. The corporation
authorized to commence business whel
fifty thousand dollars ($5o,ooo.oo) o
the capital stock shall have been sub
scribed and paid for. No stockholde
shall be liable for more than the unpai'
balance on the stock subscribed for b