The Caucasian. (Shreveport, La.) 1900-192?, 1907-08-25
CHARTER
Ct THE NJ A. AYERS LUMBER
COMPANY.

State Of louisiana. Parish Of taddo
| Before me, Frank !. I.ooney. the under
sgne | authority. Notary Public III and
| fer Cad,lo PARISH. Louisiana. at my OF
hcc III the CITY Of Shreveport. Louisiana,
camc and appeared OH the date herein
after written the undersigned. all Of
| Shreveport. taddo Parish Louisiana,
who declared To- me III the presence ct
the attestlng witnesses that they desire to
| form and constitute u corporation under
the lfws If Louisiana. and that they do
hereby form themselves and their sic
ccSSors into a corporation aud constitute
same N compliance with the provisions
and subject to the restrictions IT the
| laws If the State If Louisiana governing
corporations and under the provisions
Of the articles e Incorporation herein
after set forth
ARTICLE |.
he name Of tins corporation shall be
N A. AYERS LUMBER COMPANY.
by its name II shall have the power aud
authority To- have and To enjoy success
sion for the period Of iwcnivhvc years,
to contract. sic and be sued. to make
and use 4 corporate seal. aud the same
Ito break. alter or amcud at pleasure.
and under this name to hold. receive.
purchase. and otherwise acquire. to own,
Icunvcy, sell or otherwise dispose OF. to
lease. pledge. mortgage. or to otherwise
|hypohccate property. real. personal and
lmlxed.
ARTICLE IT,
The domcllt e. ms corporation Is de
clared to bc ~ 3d. city of Shreveport,
Louisiana.
AKllCIE III.
The nature of the business To he car
Itcd on aud the purpose for which, this
Incorporation are established are a. fol
IIows. 10 buy and sell land or timber.
Ito manufacture aud sell lumber and to
Icoudnct a general saw mill business.
ARTICLE ~.
The corporate powers Of this corpora
ton shall be vested III board os dlrec-
tors composed Of six stockholders The
directors sahll elect president, vice
president. secrctary-trcas,rrcr. and shall
prescribe the duties IF each. Election ct
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. l.. K. Lawhon, K. 5.
Ayers, +. s. Ayers J +. Bell and K,
IT. Lawhon. with T. T. Lawhon, prcsi-
Ident: N a. Ayers. vice president, and
IF. s. Ayers. secrctarytrcasurcr. All
officers and directors shall serve until
Their successors are elected. Service oil
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 secretary ut the office
of the company The board Of directors
may appoint such managers. agents OF
sub officers as the interests of the cor
lporation may require and make and es-
ltahIish such bylaws as may be neces-
sary and proper for the management and
regulation of the affairs of the corpora
ton If any vacafcies occur among the
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 II other negotiable paper
execute mort"t,qcs and generally to dc
Ian thing, i.c,dcnt to the objects and
purposes Of this corporation.
ARTICLE "
The capital stock IF this corporation,
shall be scvcnty-hve thousand dollars
($z5.ooooo) divided into seven hundred
and fifty shares Of the par value Of one
hundred dollars ($toooo) each. This
stock shall he paid for III cash or It's
unless other terms arc allowed by the
board Of directors. The corporation Is
authorized to commence business whef
Fifty thousand dollars f$5o.ooooo) 81
the capital stock shall have been sub
scribcd and paid for. No stakeholder
shall he liable for more than the unpaid
balance on the stock subscribed for by
him, nor shall any mere informally il
the organization have the effect Of rem
Idering the charter null OF Of exposing a
stakeholder to any liability beyond the
amount Of his stock.
ARTICLE VI.
The directors shall be elected by bal
lot at the regular annual meeting called
for that purpose. or any meeting adj
journed from same. At all stockholders
meetings each share Of stock shall be en-
titled to one vote. stakeholder may
vote by proxy. A majority Of the stock
holders shall constitute a quorum. a
maj ority Of the stock present shall elect
directors Special meetings may be