The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1907-03-30

the power in it's corporate name to sue and be
sued to receive purchase, bold, lease, sell and
convey, as well as to mortgage, hypothecate
| and pledge, under the corporate name, prop
erty, real and personal to borrow money; to
execute the objects and purposes of this cor;
poration; to issue notes or bonds therefor, and
| to secure same by mortgage or other security !
| to consolidate with any other corporation IN
| such manner as may be permitted by law now
existing or hereafter passed; to sell al! or any
portion of the property of the corporation, and
to receive the price of said sale or transfer in
| money, lands, stocks, or bonds; to name and
employ such managers, directors, officers,
| agents and employees as the interest and con-
Eenience of the corporation may require; to
make corporate seal, and to break same at
pleasure: to create bylaws, rules and Fegnla.
| tions for the proper management and control of
| the affairs of the corporation, and the same to
alter and change at pleasure. and, generally, to
| do all and everything necessary and expedient
| to carry out the objects and purposes of this
ARTICLE TWO.
| The domicile of said corporation shall be in
| the town of Burnside, in the parish of Ascen-
sion, state of Louisiana. Citation and all other
| legal process shall be served on its president.
/ and in the event of his absence from the state
| or disability, on the secretary thereof.
l ARTICLE THREE.
The objects and purposes of this corporation
4 are to own. hold, purchase and convey timber,
| timber rights and timber lands in the state of
Louisiana; to manufacture timber into lumber
in all of its shapes and forms to erect mills
| and other means of executing the purposes of
j
4 tain railroad or tramway to be operated for
| the purposes aforesaid; and, generally, to do
| and engage in any other business and enter
| prise connected with, or Incidental to the pur-
i poses above stated.
ARTICLE -FOUR.
/ The capital of this corporation is hereby fixed
/ at the sum of six hundred and fifty thousand
! dollars, divided into, and represented by six
/ thousand Eve hundred shares of one hundred
| dollars each which shares shall be issued from
/ time TO time and paid for in such manner and
/ in such amounts as the board of directors may
determine. Such stock may be issued in whole
/ or in part for cash paid to the company, or for
/ property, either real personal, or timber
| rights conveyed to the company, or for labor
/ actually performed. The corporation may
/ commence business as soon as three thousand
dollars of the capital stock shall have been sub
scribed and paid for. Transfers of stock shall
| be made only on the books of the corporation.
by the stakeholder. or his attorney, but no stock
| shall be transferred until and unless any in
/ debtedness due by the holder of said stock to
/ the company shall have been paid and extin-
| guished. No stockholder shall sell any share of
4 said stock to any person not already stock
| holder, unless he shall have first offered such
i share or shares to said corporation at the same
1 price, and, when the offer is made to the cor
poration. it shall be it's duty to advise the re-
| naming stockholders of said offer that they
may have an opportunity to purchase the stock !;
(which option, however, they must exercise
within twenty days from the receipt of notice
| by the company.