The Caucasian. (Shreveport, La.) 1900-192?, 1907-08-18
ILAkTEk
e THE N. ~. AYERS LUMBER
COMPANY.

COMPANY.
| State II Louisiana. Parish Of Caddn.
Before me- Frank ]. Looney, the under
signed authority. a Notary Public III aud
| fer Caddo Parish. Louisiana. at my at
fee III 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 I-oul and that they do
hereby form Themselves and their sue
cessors into a c,.i y:tlon and constitute
same III cympiil-r- 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 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
hypothecate property, real. personal and
mixed
ARTICLE H.
| The domicile of this corporation is de
cIared to he III the City Of Shire Report.
Louisiana
| ARTICLE Ill
| The nature of the business to be car
| ried on and the purpose for whIh this
corporation are established are hs fol
lows: 10 buy and sell land or timber,
TO manufacture and sell lumber land to
conduct general saw mill BUSINESS.
ARTICLE ".
The corporate powers of this corpora
ton shall be vested i'll board OF direc
| tors composed of six stockholders. The
| directors sahl 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. The
first board ct q 'ectors shall be as fol-
lows n. 4 Af,.s. L. r. Lawhon, R. S.
Ayers, F. s Ayers, J. Z. Bell and K.
IT. Lawhon, with I. R. Lawhon, presi-
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 on the
vice president, or in the absence of both
on the secretary 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 do
all things incident to the objects and
purposes of this corporation.
ARTICLE V.
The capital stock of this corporation
shall be seventyhve thousand dollars
($75,ooooo) divided into seven hundred
and fifty shares of the par value of one
hundred dollars ($Ioooo) each This
stock shall be paid for in cash or its
equivalent at the time Of its subscription
unless other terms are allowed by the |
board Of directors. The corporation is |
authorized to commence business when
fifty thousand dollars ($5oooooo) Of
the capital stock shall have been sub
scribed and paid for. No stakeholder
shall be liable for more than the unpaid
balance on the stock subscribed for by
him. nor shall any mere informally in
the organization have the effect of rem
dering the charter null OF of exposing
stakeholder to any liability beyond the |
amount of his stock.
ARTICLE VI
The direcabrs 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-
al