The Caucasian. (Shreveport, La.) 1900-192?, 1907-09-03
CHARTER
{ + THE N. A. AYERS LUMBER
COMPANY.

COMPANY.
State of Louisiana, Parish Of Caddo :
before me, Frank ]. Looney, the under
signed authority, a Notary Public i'll and
fer Caddo Parish, Louisiana, at my of
fee in 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 III the presence OF
the attesting witnesses that they desire to
form and constitute corporation under
the laws of Louisiana, and that they do
hereby form themselves and their sue
cessors into a 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 |.
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 -;
II, fn hnl
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 H.
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 a 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 president, vice
president, cretarytreasurer, and shall
prescribe the duties of each. Election OF
directors shall take place the second
Tuesday of January of each year. he
first board of directors shall be as fol
lows: N. A. Ayers, L. r. Lawhon, X. )
Ayers, F. S. Ayers, J. E. Bell and X.
| T. Lawhon, with L. r. Lawhon, presi-
dent; N. A., Ayers, vice president, and
IF. S. Ayers, secretary-treasurer. AL
officers and directors shall serve unit
their successors are elected. Service Of
all legal process shall be made on the
|president Or in his absence on tht
vice president, or in the absence OF botf
on the secretary-treasurer, at the offlc'
of the company. The board of director
may appoint such managers, agents o
sub officers as the interests of the cor
poration may require and make and es
ltablish such bylaws as may be neces
sary and proper for the management ant
Regulation of the affairs of the corpora
|tion. If any vacancies occur among tn
officers or directors the remaining dlrec
|tors may select stockholders to fill tn
|same. The board of directors shall hav
1.-THE power. to borrow, and lend none,
Tissue bills of exchange, notes, bonds
ldrafts, and all, other negotiable paper
Iexecute mortgages and generally to q
all things incident to the objects an
purposes of this corporation.
ARTICLE V.
The capital stock Of this corporatio
shall be seventy-fve thousand dollar
($75 5,ooo. .oo) divided into seven hundre
: and fifty shares of the par value of or
, hundred dollars ($1oo.oo) each. 1h
stock shall be paid for in cash or i
: equivalent at the time of its subscr'ptio
e unless other terms are allowed by II
e board of directors The corporation
authorized to commence business wht
Ififty thousand dollars ($5o,ooooo)
1.-The capital stock shall have been SUI
lscribed and paid for. No stockhold
: lshall be liable for more than the unpa
balance on the stock subscribed tor
him, nor shall any mere informally
1.-The organization have the effect of re
|dering the charter null or of exposing
:. stakeholder to any liability beyond t
amount of his stock.
n ARTICLE vi.
The directors shall be elected by bi
>. lot at the regular annual meeting call
g for that purpose, OF any meeting a
iourned from same At all stockholde
meetings each share of stock shall be
Titled to one vote, a stockholder m
le vote by proxy A majority Of the stoe
-. holders shall constitute quorum.
e. majority of the stock present shall ell