The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1907-03-16
CHARTER
Miles Timber Company, Limited
United States of America State of Louisiana
City of New Orleans.

City of New Orleans
d Of the month of February, in the year one
thousand nine hundred and seven; before me
Felix j. Dreyfous, notary public, duly com.
missioned and sworn in for the parish of Or
leans and city of New Orleans, therein residing
personally appeared the several persons whose
names are hereuDto subscribed, who declared
that aVailing themselves of the laws of this
state relative to the organization of corpora
tons, they have contracted and agreed, and do
by these presents, contract and agree, and bind
and obligate themselves, as we'll as such other
with them or their successors, to form and con-
stitute corporation, for the objects and pur-
poses and under the agreements and stipula-
tions which follow:
The name and style of this corporation shall
be the MILES TIMBER GOMPANY,n and by
that name it shall exist and enjoy succession
for the period of ninety-nine years from the
date of this act. The said company shall have
the power in its corporate name to- sue and be
sued; to receive purchase, hold. lease, sell and
convey, as well as to mortgage, hypothecafe
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 corpora ton 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-
yenienee of the corporation may require; to
make corporate seal, and to break same at
pleasure: to create bylaws. rules and regula-
lions 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 everyt hing necessary and expedient
to carry out the objects and purposes of this
ARTICLE TWO.
The domicie of said corporation shall be in
the town of Burnside, Ia 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 mills
and other means Or 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-
$3.50 800 Article FOUR.
The capital of this corporation is hereby fixed
at the sum of six hundred and fifty thousand
dollars, divided into, and represented bs six
thousand Ave 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
Such stock may be issued in whole
or in part for cash paid to the company. or for
either real or personal, or timber
rlghtsGonveyed to the company, or for labor
performed. The corporation NAV
commence business as soon as three thousand
dollars of the capital stock shall have beensuf,-
scribed and paid for. Transfers of stock shall
be made only on the books of the corncrs tion
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 stakeholder shall sell any share of
said stock to any person not already stock 1
holder. unless he shall have first offered such
share or shares to said corporation at the same
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
ARTICLE FIVE.
All the corporate powers OF this CORPORATION
shall be vested in, and exercised by, board of
i've directors, each of whom shall own at least
one share of the capital stock of this company |
and any female stakeholder shall be eligible to
his office. The directors shall be elected by
ballot, under the supervision of two commits
'ioaers, appointed by the board. at the meeting
II the company preceding the election. Each
hare of stock shall be entitled to one vote and
aid ballot may be cast by the shareholder in |
person or by proxy. The election fer the board |
j directors shall take place on the first Mon I
lay OEdaAuafJs IN 6dG4= year. unless that DAY i
proves to be g legal holiday, in which event I
aid election shall be held on the day succeed
ng, and the board thus elected shall hold its i
lrst meeting as soon as possible thereafter.
Three members shall constitute quorum of /
he board, and it shall have power to fill all va
aEcies in its own body: to hold office until the
ext general election, and until their successors |
AVE been elected and have qualified. Notice
hall be given of the annual election by mail i
to the last known address of each f
tockholder, at least five days before the meet
ng, and no other notice is required Any MEM
ler of the board who may be absent from the
omicile of the company, or who may be pre-
ented from attending any meeting, may give
written proxy to any other member of said
oard of directors. to represent him at any
pscial or general meeting of the board. The
card of directors shall have power to sell any
r all of the property of the company without
rsE consulting the shareholders, provided in
be event of the sale Of the entire holdings of
hescompany, the board must be unanimous.
Immediately after the signing of this charter.
be subscribers shall meet without Formally,
nd name fhe first board of directors, who shall
srve until the election to be held in.January,
ARTICLE SIX
The officers Of the company shall be a presi-
ent, a vice president, and a secretary aud
'easureF. and the Office OF secretary AID treas
rer may be Allied by one and tbs same person,
ho need not be i SHAREHOLDERS OF, director. i
he president and vice president shall be share.
oiders and directors and shall be elected at
he first meeting of the first board Of directors.
nd annually thereafter, but all other officers
laH servs only daring tho pleasure of the
oard of directors, ]