The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1907-03-23


sued; to receive, purchase, hold, 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 all 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-
Venience of the corporation may require; to
make a corporate seal, and to break same at
pleasure: to create bylaws, rules and regula-
tions for the proper management and control of
the affairs of the corpora tion, and the same to
alter and change at pleasure, and, generally, to
do all and eveFyt hing necessary and expedient
to carry out the objects and purposes of this
ARTICLE TWO.
The domieile 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 it's president,
and in the event of his absence from the state
or disability, on the secretary thereof.
ARTICLE THREE.
The objects and purposes of this corporation
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 saw mills
and other means of executing the purposes of
this corporation; to erect, construct and main
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-
poses above stated.
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 five 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
VI
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 sooRas 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 bntno 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
said stock to any person not already a stock
holder. unless he shall have first offered such
price, and, when the offer is made to the cor
poration, it shall be its 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.
All the corporate powers of this corporation
shall be vested in, and exercised by, board of
five directors, each of whom shall own at least
one share of the apItal stock of this company,
and any female stakeholder shall be eligible to
this Office The directors shall be elected by
ballot, under the supervision of two commits
sioners, appointed by the board, at the meeting
of the company preceding the election. Each
share of stock shall be entitled to one vote and
said ballot may be cast by the shareholder in
person or by proxy. The election for the board
of directors shall take place on the first Mon
day of January, in each year, unless that day
proves to be legal holiday, in which event
49, ,1xo Eot II
ing, and the board thus elected shall hold its
first meeting as soon as possible thereafter.
Three members shall constitute quorum of
the board and it shall have power to fill all va
eaneies in its OWN body; to hold office until the
next general election, and until their successors
have been elected and have qualified. Notice
shall be given of the annual election by mail
addressed TO the last known address of each
stockholder, at least five days before the meet
ing, and no other notice IS required. Any MEM
Der of the board who may be absent from the
domicile of the company, or who may be pre-
vented from attending any meeting, may give
written proxy to any other member of said
special or general meeting of the board. The.
board of directors shall have power to sell any
or all of the property of the company without
first consulting the shareholders, provided, in
the event of the sale of the entire holdings of
the.company, the board must be unanimous
Immediately after the signing of this charter
the subscribers shall meet without formality
and name the first board of directors, who shall
serve until the election to be held in January,
1908.
ARTICLE SIX.
The officers of the company shall be a presi-
dent, vice president, and secretary and
treasurer, and the office of secretary AID treas
urer may be filled by one and the same person,
VI need not De shareholder OF Z, director.
holders and directors and shall be elected at
the first meeting of the first board of directors
and annually thereafter but all other officers
shall serve only during She pleasure of the
board of directors.
- : : ARTICLE SEVEN.
No stakeholder shall ever be held liable OF
responsible for the contracts, faults, debts of
this corporation, nor shall any ereinformality
in the mode of organization have the effect of
rendering this charter null. or of exposing any
stpckholder to any liability beyond the unpaid
balance due on the shares owned by him.
ARTICLE EIGHT
This act of Incorporation may be changed,
modified, or altered, or said corporation may
be dissolved with the assent of three-fourths of
the stock represented at the general meeting of
the stockholders, to be convened for such pur-
pose, after thirty days previous notice of such
meeting shall have been given in writing, to
each stakeholder, and published in a daily
newspaper in Neg Orleans e .,,,,,,
ARTICLE NINE.
Whenever this corporation is dissolved by |
limitation or otherwise, the affairs shall be
iquidated under the supervision of two per- |
sons, appointed for that purpose at a general
meeting of the corporation They shall remain
in office until the complete termina tion of their
duties. In case of the death of one of them, the
SuFFiVOT SEa1i COnClBuG 10 aEGg DtlG the SGOck- I
holders may fill the vacant position if they see |
fit.
ARTICLE TEN.
All notices and delays in this charter nre.
scFibed may be waived BY the written consent |
of all the stockholders, and any act herein pro-
vIded to be done under or after notice, may be |
legally and validity accomplished under and |
after the waiver of such notices and delay.
The subscribers hereto have each written OPT
posite their names the number of shares sub |
seribed for, so that this act may also serve as
the original subscription list.
Thus done and passed in my Office, on the t
day, month and year first above written, III the I
presence of Alfred Uanziger and Theodore A. [
Beck competent witnesses, who have signed I
with the appearers and me, the notary, after
reading the whole.
E. W. DURANT, JR., AND
OTHERS.
j. DANzIGRR,
Z. A. BECK,
Witnesses.
i. FELIX j. DREYFOUs, notary public for
the parish of Orleans and state of Louisiana,
10 hereby certify the above and foregoing to
<rt1n. E-r,K