The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1908-10-29
CHARTER
Of
Smith Logging Company,

>AaAaNH AO881H& ~OlliPonys
Limited.
State Of Louisiana, BE 1T KNOWN,
Parish Of Bossier. That on this, the
LIST day of October, 1908, before me, S. H.
Dowell, a Notary Public in and Tor 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,
availing themselves of the provisions of
Act IS of the session Of 1888, approved
June %, 1888, as we'll as those of the
relative to the organization of corpora
tions, 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 a 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 it's 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 general mercantile
business, and to do any and all things
necessary to conduct 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 ".
The capital stock of this corporation is
declared to be Twenty-Five Thousand
Dollars ($25, O00) divided into $50 shares
of One Hundred Dollars ($10O) 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 600 shares, making the
sum of ten thousand dollars CO. 0O)
shall have been subscribed to the capital
stock and paid in.
ARTICLEv.
/ 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 j. 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 asst as genera
manager; J. F. Wise, Secretary, ane
Joe Bobnds, Treasurer; who shall serve
until their successors are duly elected.
ARTICLE VII.
No stakeholder shall ever be helt
liable or responsible for the contracts o.
faults of said corporation in any furthel
sum than the unpaid balance due to thu
company on the shares owned by him
nor shall any informality in the organi
cation have the effect Of rendering thi
charter null, or Of exposing stock
holder to any liability beyond tn
amount of his stock. No transfer Q
stock by the holders thereof shall b
binding on the corporation unless sail
transfer is duly entered on its books.
ARTICLE VIII.
Whenever this corporation is dissolve
by limitation, or from any other cause
its affairs shall be liquidated by tire
commissioners from the stockholders
appointed for that purpose, at meeting
OF same convened after ten days. MOTTO
to said stockholders, given to them b
letter addressed to each stakeholder an
deposited in the mail. In case Of deaf
| or failure to act, said remaining com
| missioners shall appoint their successor
This done and passed at my Office, in said Pal
| ish OF Bossier, the day and date above written,
| the presence OF J. H. Simmons and G. c. HIATT;
1 way, competent witnesses, who with the appeal
/ ers and me, Notary, have signed these present
II w. B. SMITH.
II R.W. SMITH, by w. B. Smith.
II %. M. CLOWNEY.
II JOE BOUNDS, by W. B. Smith.
II j. WISE.
II Attest:
II j. H. SIMMONS.
III C. C. HATHAWAY.
II S. H. DOWELL Notary Public.
II cr.rr m IHuSrANA Having examine