The Caucasian. (Shreveport, La.) 1900-192?, 1907-08-29
CHARTER
{ THE N. A. AYERS LUMBER
COMPANY.

{ + THE N. A. AYERS LUMBER
COMPANY.
State of Louisiana, Parish of Caddo
Before me, Frank J. Looney, the under
signed authority, a Notary Public in ant
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 o
Shreveport, Caddo Parish, Louisiana
who declared to me in the presence O.
the attesting witnesses that they desire tt
form and constitute corporation under
the laws of Louisiana, and that they dc
hereby form themselves and their sue
cessors into corporation and constitute
same in compliance with the provision:
and subject to the restrictions of the
laws of the State of Louisiana governing
corporations and under the provision:
Of the articles of Incorporation herein
after 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
md 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
hypothecate 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
to manufacture and sell lumber and to
conduct a general saw mill business.
ARTICLE ".
The corporate powers of this corpora
ton shall be vested in a board of direc-
tors composed of six stockholders. The
directors salll 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 fol
lows: N. A. Ayers, T. R. Lawhon, R. S
Ayers, F. S. Ayers, J. E. Bell and R.
I. Lawhon, with l. r. Lawhon, presi-
dent; N. A. Ayers, vice president, ane
F. S. Ayers, secretary-treasurer. Al
officers and directors shall serve unit
their successors are elected Service o1
all legal process shall be made OH the
president Or in his absence on the
vice president, Or in the absence of botf
on the secretary-treasurer, at the otflct
Of the company. The board of directors
may appoint such managers, agents bl
sub-officers as the interests of the gor
poration may require and make and es
tablish such bylaws as may be neces
sary and proper for the management ant
regulation of the affairs of the corpora
ton If any vacancies occur among th'
,fficers or directors the remaining direc
tors may select stockholders to fill tn
same The board of directors shall hav'
the power to borrow, and lend money
issue bills of exchange, notes, bonds
drafts, and all other negotiable paper
execute mortgages and generally to d.
al things incident to the objects AM
purposes of this corporation.
ARTICLE V.
The capital stock Of this corporation
shall be seventy-fve thousand dollar
| ($75 5,ooooo) divided into seven hundre
and fifty shares of the par value of on
hundred dollars ($Ioooo)s each. Thi
stock shall be paid for in cash or it
equivalent at the time of its subscriptio
unless other terms are allowed by tn
board of directors. The corporation
authorized to commence business whe
fifty, thousand dollars ($5o,ooooo) c
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