The Caucasian. (Shreveport, La.) 1900-192?, 1907-09-10
CHARTER
CT THE N. A. AYERS LUMBER
COMPANY.

COMPANY.
State of Louisiana, Parish of Caddo
Before me, Frank ]. 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 governing
corporations and under the provisions
of the articles of incorporation herein
| after set forth.
ARTICLE |.
The name of this corporation shall be
| N. A. AYERS LUMBER COMPANY,
by it's 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
lhypothecate property, real, personal and
mixed.
ARTICLE H.
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
lcorporation are established are Us fol
lows: To buy and sell land or timber,
to manufacture and sell lumber and to
conduct general saw mill business.
ARTICLE ".
The corporate powers of this corpora
ton shall be vested in board of dlrec-
tors composed of six stockholders. The
directors sahll elect a. 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. he
| first board of directors shall be as fol
lows: N. A. Ayers, Z. r, Lawhon, R. 5.
Ayers, F. S. Ayers, J. E. Bell and K.
| T. Lawhon, with L. r. Lawhon, presl-
dent: N A. Ayers, vice president, and
IF. 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 on the
vice president Or in the absence of both
on the secretarytreasurer, at the office
of the company The board of directors
may appoint such managers, agents or
sub officers as the interests Of the cor
lporation may require and make and es-
Itablish 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 NAV select stockholders to fill the
same. The board of directors shall have
1.-THE power to borrow, and lend money
tissue bills of exchange, notes, bonds
drafts, and all other negotiable paper
execute mortgages and generally to dc
lall things incident to the objects ar1e
lDurposes of this corporation.
ARTICLE V.
The capital stock of this corporation
shall be seventy-hve thousand dollar:
l($75,ooooo) divided into seven hundred
land fifty shares of the par value Of ont
hundred dollars ($doo.oo) 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
!, boz I'd of directors. The corporation /
authorized to commence business whe1
fifty thousand dollars (s5o,ooooo) 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
: him, nor shall any mere informality i
5 1.-The organization have the effect of ren
! ldering the charter null or of exposing
stockholder to any liability beyond tn
= AMOUNT of his stock
ARTICLE VI.
e The directors shall be elected by ba
h lot at the regular annual meeting calle
n for that purpose, or any meeting az
liourned from same AT all stockholde1
meetings each share of stod@ shall be el
y Titled to one vote. a stockholder me
vote by proxy A majority of the stool
holders shall constitute a quorum
majority of the stock present shall ele