The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1907-04-13

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sued; to receive, purchase, hold lease, sell and
convey, as well as to mortgage hypothecatt
and pledge under the corporate name, prop
! erty, real and personal to borrow money: te
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 corpora ton il
such manner as may be permitted by law now
existing or hereafter passed TO sell all or ans
portion of the property of the corporation, and
| to receive the price of said sale or transfer il
money, lands, stocks, or bonds; to name and
employ such managers, directors, officers
agents and employees as the interest and con
Yenience OF the corporation may require; TIC
make corporate seal, and to break same al
pleasure: to create bylaws, rules and regula
tons for the proper management and control oil
the affairs of the corporation and the same tic
alter and change at pleasure, and, generally, ts
do all and everything necessary and expedient
to carry ont the objects and purposes of this
- ARTICLE TWO.
The domicile of said corporation shall be il
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 stability, 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 oil
Louisiana; TO manufacture timber into lumber
IN all OF its shapes and forms to erect saw mills
and other meaus of executing the purposes oil
this corporations to erect, construct and main
tain railroad or tramway to be operated fol
thespurposes aforesaid; and, generally, TO dc
and engage in any other business and enter
prise connected with, or incidental to the pnr
poses above stated.
ARTICLE FOUR.
The capital of this corporation is hereby lxed
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 NAV
determine. Such stock may be issued in whole
OF in part for cash paid to the company mr. faT
property, either real or personal, or timber
rights conveyed to the company, or for labor
actually performed. The corporation NAV
commence business as soon as three thousand
dollars of the capital stock shall have been sub.
scFIbed and paid for. Transfers of stock shall
be made only on the books of the corporarion,
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.
guisheds, No stakeholder shall sell any share OF
said stock to any person not already a stock
holder, unless he shall have first offered such
share or shares to said corporation at the same
price, and, when the offer is mada to the cor
poraton, 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
ARTICLE FIVE.
All the corporate powers of this corporation
shall be vested in, and exercised by, board of
live directors, each of whom shall own at least
one share of the capital stock of this company.
and any female stockhoder 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
Of directors shall take place on the first Mon
Gay OF January, an each year. unless that day
proves to be legal holiday, in which event
said election shall be held on the day succeed-
ing, and the board thus elected shall hold its
nrst meeting as soon as possible thereafter
Three members shall constitute quorum OF
the board, and it shall have power to fill all va
cancies in its own body ito 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 i've days before the meet
ing, and no other notice is required. Any mem
Der OF the board who may be absent from the
domiclle of the company, or who may be pre-
vented from attending any meeting, may give
a written proxy to any other member Of said
board of directors. to represent him at anv
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
serve until the election to be held in January.
1908.
ARTICLE SIX.
The officers of the company shall ba a nras;. |
lent, vice president. and secretary and
lrer may be filled by one and the same person. |
Who need not be shareholder or director |
The president and vice president shall be share.
holders and directors and shall be elected at |
he first meeting of the first board of directors
md annually thereafter, but all other officers
mall serve only during the pleasure of the |
Article SEVEN.
No stockholdeT shall ever be held liable or |
esponsible for the contracts, faults, or debts of
ms corpoaEatlon. nor snail any mere informaity
n tne mode OF organization have the effect Of |
endering this charter null, or of exposing any
to any liability beyond the unpaid |
valance due on the shares owned by him
ARTICLE EIGHT.
ms act OF incorporation may be changed,
modified, or altered, or said corporation NAV /
e dissolved, with the assent of three-fourths of
ne stock represented at the general meeting If
he stockholders, to be convened for such mr.
ose, after thirty days previous notice of such
aeetlng snaH have been given, in writing, to
ewspaper In New Orleans.
ARTICLE NINE,
whenever this corporation IS dissolved he
imitation or otherwise, the affairs shall he
Quldated under the supervision Of two nor
ons, appointed for that purpose at q general
leeSIng OF the corpora tion. They shall remain
olllce antiI the complete termination of their
otles. In case OF the death of one of them. the
1ryiyor shall continue to act, but the stock
oioers may I'LL the vacant position If they see
ARTICLE TEN.
All notices and delays in this charter pre-
sri Il, may be waived by the written consent
al the stockholders, and any act herein pro.
Lded to be done under or after notice, may be
gaIly and validity accomplished under and
Ifer the waiver Of such notices and delay.
me subscribers hereto have each written on.
osite their names the number of shares sub
Tloed for, so that this act may also serve as
ls original subscription list.
mus done and passed in my Office, ON the
~, month and year first above written, in the
essence OF Alfred Danziger and Theodore A.
sck, competent witnesses, who have signed
IN the appearers and me, the notary, after
aiding the whole.
E. ". DURANT, JR., AND
4. DANzrGER, I
Z. A. BECK, {
Witnesses. {
a E