St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1908-11-07
CHARTER
OF THE

herman Il. layer, a Notary Public il
and for the Parish 4 Washington
state OF Louisiana, duly commission
ed and qualified, in ne presence OF
the witnesses hereinatter named and
undersigned, personally came and APP
peared the persons whose names are
nereunto subscribed, who declared
that availing themselves of the laws
OF the State of Louisiana relative to
the organization of corporations, they
nave formed and by these presents
form and constitute themselves, as
well as all such persons as may here
after join or become associated with
them or with their successors in
to a corporation, limited, for the OBJ
Jects and purposes and under the con-
dltlons, following, to wit:
ARTICLE l.
The name of this corporation shall
be THE SUN LUMBER COMPANY,
LIMITED, and under that name it
shall have and enjoy succession and
eXlstance for the term Of fifty years,
unless sooner dissolved in accordance
with law or by consent of the stock
holders as hereinafter provided. Under
have power and authority to contract,
sue and be sued, to make and use a
corporate seal and to alter same at
pleasure; to hold, receive, have, puT-
chase, ALLEVIATE, pledge, mortgage, by
pothecate under the said corporate
name property real, personal and mix
ed; to name and appoint such officers,
directors, agents, managers or other
employees as the interest or business
of this corporation may require, and
to make and establish such bylaws,
rules and regulations for the proper
management of its affairs as 1t may
deem necessary and proper; and the
said corporation shall hold and eXer-
else all such powers and privileges as
relate to the objects herein set forth,
or that may be necessary to carry en-
the business for which this corpora
ton is established and which this cor
poration may be permitted to hold
and exercise under the laws of this
State.
ARTICLE II.
The domicile of this corporation
shall be at Sun St, Tammany Parish,
Louisiana, where all citations, papers
and other legal process shall be served
upon the President, or in his absence,
the vice President, or in the absence OF
both the president and vice president
on the Secretary.
ARTICLE III
The objects and purposes for which
this corporation is established and the
nature of the business to be carried
on by it are declared to be: To hold,
own and operate saw mills and other
n cessary machinery necessary and
incidental to the manufacture of all
kinds of lumber and products from the
crude material, to hold, own, operate
and manage all necessary machinery
of whatever nature necessary and IN
cidental to the manufacture of all
kinds of material from wood of all
kinds such as sash, doors, blinds,
shingles and all other necessary build
ing material; to own, lease, construct
and operate all machinery, railroads,
bitches, canals, steamboats,, bargeS
which may be necessary for the pur-
pose of procuring the crude material
for manufacture, or for the purpose
of conveying the manufactured pro-
duct to market etc; to buy and sell,
or otherwise acquire or ALLEVIATE all
kinds of lumber, timber, building
material, whether in the crude or
manufactured state, either as com
mission merchants, retail merchants
yor otherwise; to export and import as
commission merchants or otherwise
the above mentioned material; to do a
general merchandise business as re-
tail or wholesale merchants and to
buy and sell all such commodities as
are usually handled in a general mer-
'chandise business; and generally to
hold and exercise all sucn Incidental
powers and privileges as relate to the
objects herin set forth, or that may
be hereafter conferred by law on this
corporation, or corporations OF similar
character. -
ARTICLE ".
The CAPITAL stock of this corporation
shall be fifteen thousand (Sl5, OOO)
dollars. divided into and represented
bv one hundred and fifty shares Of
stock of par value OF one hundred dol
lars each; said stock shall be paid for in
cash at the time Of subscription or as
the same is issued for not less par, or
in payment or exchange for property
actually received or purchased by this
corporation or for work or other ser
vices actually rendered. Any stock
holder may sell, assign or transfer his
stock in this corporation. No transfer
of stock shall be made unless the
same is transferred on the books of this
cornoration at it's office. This corpo-
ration may commence doing business
and shall become going concern as
soon as FIVE thousand dollars Of its
canital stock shall have been subscrib-
ed for and paid in. The board Of di-
rectors shall have the right to deter
mine how much stock snail be issued
after the first FIVE thousand dollars OF
it's capital stock shall have been is
sued.
ARTICLE V.
The corporate powers of this cor
noration shall be vested in and exer-
cised by a board of three directors
and their decisions and acts shall binC
this corporation. The first election
of the board of directors under this
charter shall be at meeting Of the
stockholders to be held on the first
Monday in October 1909, and there,
after the stockholders shall elect {
| hoard of directors en- the first Monday
| in October of each year, who shall
serve until Their successors shall have
been elected and qualified. The
board of directors shall elect from
their number their officers. No per
son shall be eligible as director o.
hold any Office Of this corporation Wit
is not a stockholder. During the alb
sence Of the president, the vice presi
dent shall act and preside in his stead
| Notice of the election of the board o
directors shall be given in writing b,
mail addressed to each stakeholder a
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