The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1907-04-20


sued; to receive, purchase, hold, lease, sell and
convey, as we'll as TO mortgage, hypothecate
ana pledge, under the corporate name, prop
er6y, real and personal; to borrow money: to
execute the objects and purposes of this cor.
i poration; to issue notes or bonds therefor and
to secure same by mortgage, or other security
TO consolidate with any other corporation In
sucn manner as may be permitted by law now
existing or hereafter passed; to sell all Or any
porGion OF the property of the corporation, and
to receive the price of said sale or transfer in
money, lanes, stocks. or bonds; to name and
employ such managers, directors, officers
agents and employees as the interest and con.
Venlence OF the corporation may require; to
make corporate seal, and to break same ait
pleasure: to create bylaws, rules and regula.
| tlons Tor the proper management and control OF
the affairs of the corporation. and the same to
after and change at pleasure, and, generally to
dc all and everything necessary and expetiient
70 carry out the objects and purposes of this
ARTICLE TWO.
The domicile of said corporation shall be in
me town OF Burnside, In the parish of Ascen-
sion: state of Louisiana. Citation and ali other
legal process shall be served on its 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
Slmoer 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
TINS corporation; to erect, construct and main
| tam 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-
80 Article -FOUR.
/ 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
determine. Such stock may be issued in whole
or IN part for cash paid to the company or for
property, either real or PERSONAL or timber
rights conveyed to tile company, or for labor
actually performed. The corporation may
commence business IA seon as three thousand
dollars of the capital stock shall have been sut-
| scrsoed and paid for. Transfers of stock shall
be made only on the books of the Corporation.
| by the stakeholder, or his attorney butno 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 Stock
| 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
manning stockholders of said offer that thew
may have an opportunity to purchase the sfock
which option. however, they must exercise
WITHIN twenty days IRON the receipt of notice
ARTICLE FIVE.
All the corporate powers of this corporation
shall pc 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
this office. The directors shall be elected bv
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 yntn and
said ballot may be cast by the shareholder in
person or by proxy. The election for the beard
of directors shall take place on the first Mon
proves to be a legal holiday, in which event
said election shall be held on the day succeed
ing, and the board thus elected shall hold its
first meeting as soon as possible tbereafter.
Three members shall constitute a anornm III
the board and it shall have power to fill ali va
cancies 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
adore ssed to the last known address of each
stakeholder at least five DAYS before tha meet
ing, and no other notice is required. Any NOM
Der of the board who may be absent from the
domicile of the company, or whomay be IRE.
vented from attending any meeting, may give
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 anv
or Ii OF the property of the company without
first consulting the shareholders. provided in
the event of the sale of the entire holdings If |
thescompany, the board must be unanimous
Immediately after the signing of this charter.
the subscribers shall meet without formalitv i
and name the first board of directors, who shall |
1908 . - 9'eSs.S.' : = l7i' = 0afuars'
ARTICLE SIX.
The officers of the company shall be presi |
dent, vice president, and secretary and |
treasurer, ana the office OF secretary ard treas
urer 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 s ana directors and shall be elected at
and annually thereafter, but all other officers
shall serve only during the pleasure Of the 1
ARTICT.E SEvEN
NO stockhoider shall ever be held liable or
responsible for the contracts, faults or debts of
THIS corporation, nor shall any mere informality
n the mode of organization have the effect Of
rendering this charter null, or of exposing anv
stockhoider to any liability beyond the unpaid /.
balance due on the shares owned by him.
ARTICLE EIGHT.
Ihls act of Incorporation may be cbanpad |
modified, or altered, or said Corporation NAV
9e dissolved, with the assent of threefourths OF
the stock. represented at the general meeting ~
me stockholders, to be convened for such mr.
pose, after thirty days previous notice Of snch
Meeting shall have been given, in writing, to
In New Orleans.
ARTICLE NINE.
naneVef this corporation is dissolved bv
imlIatio1 or Otherwise the affairs shall he
Iquldated under the supervision Of two mar
ons, appointed for that purpose at a general
meeting OF the corporation They shall remain
lutles In case of the death of one of them the
uryiTor shall continue to act, but the stock. |
lolders may fill the vacant position If they see
ARTICLE TEN.
All noClces and delays in this charter pre-
crlbed may be waived by the written eonsent I :
!! al the stockholders, and any act herein pro. :
idea to be done under or after notice, may be 8
egally and validity accomplished under and
tier ,1s the waiver Of such notices and deIay. :
me subscribers hereto have each written on.
osIte their names the number of shares sub.
lucy !ors SO That this act may also serve as
6 a original subscription list. $
mus done and passed in my Office. on the
az. month and year first above written, il the :
Lesence OF Alfred Danziger and Theodore A.
,ta; the appearers and me- the notary. after
3. ". DURANT, JR., AND
OTHERS.
A. DANzIGER,
T. a. BECK,
Witnesses.
I SzEr ~ r ~ !, ry1z4zf,r-rs |