The Caucasian., 1909-02-02
CHARTER
OF THE W. II. POWELL LUMBER
COMPANY


BE it known, that on this the .eth day of
JANUARY 1000. before me. A. Il. Fteyer.
a notary public i" and for the SAID Par
ish and State. duly qualified. co'nm's
stoned and sworn. and III prese"cc Of the
witnesses hereinafter named and under
signed. came and appeared the several
pei son, whose names arc hereunt" sub
.cribcd. who declared that. ava,'ng
themselves Of the provisions OF the law
Of this State relative to the organization
Of corporations. they have covenantcd
and agreed. and by these presents do
covenant and agree. and bind themselves
and those who may hereafter become
associated with them. to form and con
stitute a body polite in law for the OBJ
iects aud purposes and under the articles
and st,pulations following. towit.
ARTICLE l.
The same and style Of this corporation
shall he w H. POWELL LUMBER
COMPANY. and under its said name II
shall have power and authority to con
tract, to sue and he sued; to make and
use a corporate seal. and the same to
alter or break at pleasure; to hold. re
ceive, purchase. alienate. convey, sell.
pledge. mortgage. hypothecate or lease
property. real, personal or mixed: to
name and appoint such officers. direct
ors. agents and employees as the inter
csts aud convenience of the said corpor
alton may require to make and estab-
lish bylaws. rules and regulations for
the proper management Of its affairs as
may be deemed necessary and proper.
and the same to alter aDchange at pleas
ure: and generally to do all other acts
and things necessary and proper to car
~ out the objects and purposes OF said
corporation.
This corporation unless sooner dis
solved as hereinafter provided for, shall
exist and continue for period ot
ninety nine (o9) years from and after
the date hereof
All citation and other legal process
shall be served upon the president. " III
his absence, upon the vice president. OF
in their absence, upon the secretary
treasurer, at the dom,cile Of the com
pany, which shall be and is hereby de
clared to be in the City OF Shreveport.
Caddo Parish. Louisiana.
ARTICLE ~
The objects aud purposes for which
this corporation is organized and the
nature Of the business to he carried on
bv it arc declared to nc: TO buy and sell
land or timber and lumber and timber
contracts. to manufacture and sell lum
her. to acquire and operate saw and
planning mills and to conduct a general
saw mill and planning mill business. to
construct and own trans. logging roads
and equipments. dry kilns. and to do all
things necessary in the saw and planning
mill business, and to conduct a general
merchandise business, buying and selling
merchandise
ARTICLE III
The capital stock Of this corporation
shall be thirty thousand dollars, divided
into and represented by three hundred
shares of the par value Of one hundred
(Slm) dollars each. which stock shall
be paid for in cash or in property. rights
and credits actually received by said
corporation at time Of subscription or
when called for by the board Of direct
ors Of this corpor alton. provided that no
stock shall be Issued until the considera-
ton therfor has been received by said
corporation.
The corporation 10 authorized to COM
mence business when all of the stock
($3o.ooo) shall have been subscribed and
paid for.
Article ~.
The corporate powers Of said corpora
ton shall be vested in and exercised by
board of directors Of five 50 stock
holders The following persons shall
constitute the FIRST board Of directors.
viz: w. H. Powell. W. J. Powell. w.
| c. Downs. NJ A.. Ayrcs and w. {.
Lenahan. with w. J. Powell, president !.
w. c. Downs as vice president. and w.
| ]. Powell as secretary treasurer. The
said officers and directors shall hold
their Office until the second day of Jan
uary A. D. 1910. or until their success
sors shall have been duly elected and
qualified. On tbs said day Of January
1910. and annually thereafter. a board
of directors shall be elected, unless said
date shall be legal holiday. IN which
event the first day thereafter. Notice OF
the said election shall he given by ter
days notice published in one Of the pub
lie newspapers published in said Parish
The board Of directors shall appoint one
Or more stockholders to preside at sucf
election. Any failure. from an cause
whatever. 70 hold such meetings OF t.
elect said board o! directors on the da,
named for that DurDOse shall not dis