The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1908-11-26
CHARTER
Smith Logging Company,
Limited.

ohkASh AO6ShS ~OAHP0hys
Limited.
State of Louisiana, BE 1T KNOWN,
Parish of Bossier. That on this, the
1st day of October, 1908, before me, S. H.
Dowell, a Notary Public in and for Bos-
sier Parish, La, duly commissioned and
qualified, and in the presence of the
witnesses hereinafter named and under
signed, personally came and appeared
the persons whose names are hereunto
subscribed; also, severally declared that,
awaiting themselves of the provisions of
Act SO of the session OF 1888, approved
June 80, 1888, as well as those Of the
general laws of the State of Louisiana,
relative to the organization of corpora
tons, they have formed and organized,
and by these presents do form and
organize themselves and their associates
and successors into corporation for the
object and purpose, and under the terms
and stipulations hereinafter set forth,
to-Wit:
ARTICLE 1.
The name and title Of this corporation
shall be SMITH LOGGING Co., Limited,
and under said name it shall have and
enjoy succession for the period Of ninety
nine years from the date Of this charter;
may sue and be sued; may have, hold,
purchade, sell, convey, lease, mortgage
and pledge property, real and personal;
may have and use corporate seal, and
same to cnange at will; and, generally,
may have and possess any and all powers
and privileges which corporations are,
or may be, authorized to possess by law,
and particularly, to carry out the pur-
poses of this corporation; and its domi-
Gle shall be Alden Bridge, Bossier Par
ish, La.
ARTICLE II.
The object and purposes Of this cor
poration are declared to be to do a gen
eral logging business, build and operate
railroads, telegraph and telephone lines,
buy and sell timber lands and timber,
and to conduct a general mercantile
business, and to do any and all things
necessary to conduct a complete logging
contract business.
ARTICLE III.
Citations and all legal processes shall
be served on the President, and in his
absence on the Secretary.
ARTICLE Nv.
The capital stock Of this corporation is
declared to be Twenty-Five Thousand
Dollars (S25, O00) divided into $50 shares
of One Hundred Dollars (S100) each,
which shall be paid in cash, or property
actually sold and delivered to this cor
poration, and shall be due and payable
in such amounts and at such times
and places as the Board of Directors
may resolve and determine. This cor
poration shall begin operations when
one hundred (100) shares, making the
sum of ten thousand dollars 100000
shall have been subscribed to the capital
stock and paid in.
ARTICLE v.
The affairs Of this corporation shall be
under the management and control of
the Board of Directors, composed of (not
to exceed five nor less than three) stock
holders, to be elected annually at a
meeting Of the stockholders for that
purpose Ito be held on the first Monday
in October, 1909, and yearly thereafter)
after ten days written notice by mail.
Until the first election, the Directors
shall be W. B. Smith, r. B. Smith, D. M.
Clowney, Joe Bounds and ]. F. Wise,
who shall serve until their successors are
duly appointed.
ARTICLE vi.
The officers of this corporation shall
be President, Vice-President and a
Secretary and Treasurer, and said Off
GERS shall be elected annually by the
Board Of Directors, and until the first
election, the officers shall be as follows:
w. B. Smith, President; r.. w. Smith,
Vice President, who shall ast-as general
manager; j. F. Wise, Secretary, and
Joe Bobnds, Treasurer; who shall serve
until their successors are duly elected.
ARTICLE VII.
No stakeholder shall ever be held
liable or responsible for the contracts or
faults Of said corporation in any further
sum than the unpaid balance due to the
company on the shares owned by him;
nor shall any informality in the organi-
cation have the effect of rendering this
charter null, or of exposing stock
holder to any liability beyond the
amount of his stock. No transfer Of
stock by the holders thereof shall be
binding on the corporation unless said
transfer is duly entered on its books.
ARTICLE VIII.
Whenever this corporation is dissolved
by Limitation, or from any other cause,
its affairs shall be liquidated by three
commissioners from the stockholders,
appointed for that purpose, at meeting
of same convened after ten days. notice
to said stockholders, given to them by
letter addressed to each stakeholder and
deposited in the mail. In case of death
or failure to act, said remaining com
missioners shall appoint their successor.
This done and passed at my office, in said Par
ish Of Bossier, the day and date above written in
the presence of j. H. Simmons and c. c. Hatta-
way, competent witnesses who with the appear
ers and me, Notary, have signed these presents.
w. B. SMITH
r. w. SMITH, by w. B. Smith
D. NJ. CLOWNEY.
JOE BOUNDS, by w. B. Smith
F. WISE.