The Natchitoches enterprise. (Natchitoches, La.) 1888-1965, 1907-06-27
TIE ENTERPRISE
EEkLY
THURSDAY JUNE ~. 1907.
CHARTER.
State of Louisiana.
Parish of NatchitOches.
W { { KLY


day personally came and appeare
the several persons whose name
are hereunto subscribed and in, tn
presence of the witnesses herein
after named who stated and decla
ed to me, Notary, that awaiting
themselves of the provisions o
the laws of the State of Louisian
with reference to the formation
Of U6.s1tions, that they hav
formed themselves as well as al
other persons who may hereafte
become associated with them in
corporation and body corporate
under the terms and condition
hereinafter named and under til,
name and for the purpose herein
stated, to-wit:
ARTICLE |.
The name of this corporation i.
to be the Prestridge- Buchanan Los
ging Co., with its domicil at thu
city of Campti, in the parish Of
NatchitOches, in the State of Louis
lana, and under its corporate name
it shall have and enjoy succession
for a period of twenty-five years,
unless dissolved as herein stipula.
ted; all legal process shall be served
on its president or in his absence
on the vice-president, or in the alb
sence of both on its secretary at
the office of the company.
ARTIL f ii.
The capital stock of this COM
pany is hereby fixed at the sum of
twenty-five Thousand Dollars, d.
vided into two hundred and fifty
shares of one hundred dollars each,
to be paid in money, labor actually
performed or property actually
conveyed to the corporation, and
it shall commence business and be-
come an active concern as soon as
ten thousand dollars of its capital
stock is subscribed and paid for.
No sale or transfer of stock shall
be valid until transferred on the
books of the company.
ARTICLE III
The purpose for which this cor
poration is formed and the nature
of the business to be carried on by
it are declared to be-: To buy and
sell all kinds of timber, and
timber lands and timber products,
and to that end own, construct and
operate tram road and appurte-
including locomotives, cars
and other vehicles necessary for
transportation, and particularly to
own and operate logging teams and
and particularly to
Iog saw mills in the parish of
Natchitoches, Louisiana, at a point |
20 be selected and elsewhere in this
state if necessary, with all of the |
Incidental construction and equip
nent that may be necessary in the
successful operation of said log
ring business.
ARTICLE ~.
This corporation shall have the
power to sue and be sued, to con-
ract and be contracted with, to
plead and to be inplead, to own
10Th real and personal property, |
md the same to buy and sell, |
mortgage and to borrow money
nd hypothecate its property as
nay be determined by its board of
directors and generally have power
nd authority to do any and all
hings authorized and permitted
Inder law to corporations of the
haracter herein organized.
ARTICLE V.
The affairs of this corporation
hall be managed by a board of di-
ectors to consist of Three stock
olders, who shall he elected an
ually on the third Tuesday of
'une of each year, and who shall
old their Office for a period of one
ear, or until their successors are
lected and qualified, provided that
ny vacancies occurring in such
'oard of directors from death, res
gnatiOn or other cause shall be
lied for the unexpired term by
he election of such successors by
directors from among
he stockholders. The first board
f directors shall be j. H. Buch-
nan, who shall be president, j.
V. Prestridge, who shall be vice
and e. ID. Smith, who
hall be secretary and treasurer,
nd they shall hold their respective
tices until the Bird Tuesday in
une, 1908, or until their success
rs are elected.
ARTICLE VI.
All meetings of the stockholders
f this company shall be held at
S Office in the city of Campti,
nd at all such meetings each share I:
stock shall be entitled to one !
Ote, either by its holder or by