The Caucasian. (Shreveport, La.) 1900-192?, 1907-09-05
CHARTER
{ F THE N. A. AYERS LUMBER
COMPANY.

Before me, Frank ]. Looney, the under
lslgned authority, Notary Public in ant
for Caddo Parish, Louisiana, at my of
flee 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 o1
the attesting witnesses that they desire te
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 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 l.
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 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 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 general saw mill business.
ARTICLE ".
The corporate powers of this corpora
ton shall be vested in board of direc-
tors composed of six stockholders. The
directors sahll elect a president, vice
president, secretary-tTeasurer, and shall
prescribe the duties of each Election of
directors shall take place the second
Tuesday of January of each year. The
frst 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.
T. Lawhon, with T. 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-treasurer, at the office
of the company The board of directors
may appoint such managers, agents or
sub-oficers 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- seventy-fve thousand dollars
($75,ooo.oo) divided into seven hundred
and fifty shares of the par value of one
hundred dollars ($qoo.oo) ca ch. This
stock shall be paid for in cash or its
equivalent at the time of its subscription
unless other terms are allow ed by the
board of directors. The corporation is
authorized to commence business when
fifty thousand dollars ESQ iooooo) Of
the capital stock shall have been Sub
scribed and paid for. No stockholder
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 or of exposing a
stoekholder 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 ad-
journed from same. At all stockholders
meetings each share of stock shall be en-
titled to one vote. a stockholder may
vote by proxy. A majority of the stock
holders shall constitute quorum. A
majority of the stock present shall elect
directors Special meetings may be
called at the pleasure of the president
or on demand of three stockholders. The
Stockholders Of this corDoratiOn at a