St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1909-04-03
of the
II FypnPT IfMpEP m ITD

| of the
| THE FOLSOM EXPORT LUMBER co. LTD.
| United States of America, I
| Parish of St. Tammany, State of Louisiana.
Be it known, That on this 10th day of March
| in the year of our Lord one thousand, nine
| hundred and nlF1e- and OF the independence OF
| the United States the one hundred and thirty
| fourth; before me, Edward H. Richard. notary
| public in and for the parish of St. Tammany,
State of Louisiana, aforesaid, duly commission
ed and qualified, and in the presence of the
| witnesses hereinafter named; and undersigned
personally came and appearedthe parties whose
| names are hereunto subscribed, all of full age,
| who declare, that aVailing themselves of the
provisions of the laws relative to the organiza,
| ton of corporations, they have CoVenanted
| and agreed, and by these presents do covenant
and agree and bind themselves, as we'll as such
other persons as may hereafter become asso-
| ciated with them, to form and constitute a
| corporation and a body polite in law, for the
purpose and objects and under the stipuiations
articles and conditions following to-wlt:
| Article /.
| The name and style of this corporation shall
| be THE FOLSOM EXPORT LUMBER COMPANY,
LIMITED, and by that name, it shall have power
and authority to exist and enjoy succession foT
! the full term and period of ninety-nne years
| from date hereof, unless sooner dissolved.
| Article II.
| The domiciIe of this corporation shall be in
| the town OF Folsom, Parish of St. Tammany
State of Louisiana. All citations and other Ie-
/ gal processes shall be served upon the Presi-
dent, or in case of his absence or inability to
act, upon the Vice President. The President
shall be the executive officer of the corporation
| and shall preside at the meetings of the Board
| of Directors and Stockholders.
| Article ILL.,
| i The objects and purposes for which this cor
| poration is established and the nature of the
| business to be carried on by it are hereby de-
| clared to be:
To buy or sell, own, operate, run, manage
lease, hire or rent saw mills; to buy and sell
| lumber in its manufactured state, timber, TIM
] Der lands, lands. ETC.. to conduct lumber agen-
cies, and to build railroads, tram roads OIL
wagon roads for the furthering of the pur-
| poses for which this corporation is established
| and to do all acts necessary in the conducting
and carrying on OF general saw mill and lun1-
Der export business, although such acts may
| not be enumerated herein.
| Article Nv.
| This corporation may sue or be sued in its
| corporate name, make and use corporate seal
| the same to break and alter at pleasure; hold,
| have, receive, purchase, convey, sell, mort
| gage, hypothecate, pledge, lease, sub-lease.
and enjoy real, personal and mixed property:
also borrow and lend money, and make con-
| tracts; make and establish such bylaws, rules
| and regulations as may be necessary and the
same to alter and change at pleasure: and shall
| possess all the rights and privileges to which
| corporations are or may be authorized and en-
| titled to possess
This corporation may exercise its corporate
| powers within any other State or Territory Of
| the Union. E*
| Article v.
| The capital stock of said corporation shall be
ten thousand kS1O,000l dollars, divided into and
represented by one hundred shares of the sum
of one hundred tS100l dollars each, which
said stock shall be paid for in cash at the time
| OF subscription, or the same may be issued at
| not less than par, in payment of exchange for
property or rights actually received or pur-
chased by said corporation, or the same may be
| issued full paid, for money advanced and for
| such other valuable consideration or service
| as the Board OF Directors OF said corporation
may determine, provided that no stock shall
| issue until consideration therefor has been
received by said corporation. Said shares of
stock shall be signed by the President and Sec
retary-Treasurer.
At all elections by, or meetings of the stock
holders each share of stock shall be entitled
| to one vote to be cast by the person in whose
| name the stock appears on the books of the
corporation, or by his agent or proxy, duly
| authorized 10 that effect in writing. This cor
| poration to become going concern as soon as
the sum of three thousand and five hundred
dollars is subscribed for and paid in.
Article vi.
No stakeholder shall have authority or right
| to sell or otherwise dispose of his stock in
whole or in part. without first giving the Board
| of Directors fifteen days notice in writing of
his intention or desire to dispose of any of his
stock or part thereof, and allowing the Board
of Directors, or in its default, any stakeholder,
| the first opportunity of purchasing the stock.
after which fifteen days, the said stock may be
| ration may be transferred under the above
conditions, provided such transfer be made on
| the books of said corporation at its office at
| Folsom. in the Parish of St. Tammany, State of
Louisiana, and on surrender of the certificates
| therefor. The Board of directors shall have the
| right to determine how much stock shall be
issued.
Article VII.
The business affairs and corporate powers of
| this corporation shall be transacted by Board
| of Directors to be composed of three stock
holders. No person shall be eligible as Direc-
tor or officer as herein provided in this charter,
| who is not stockholder in this corporation.
| The members of the Board of Directors shall
| be elected by majority of the votes of the
| stockholders cast at meeting to be held for
| that purpose, each year. The following named
| persons shall constitute the first Board of Df-
| rectors: Geo D. Gabrielle. j. H. Cassells and
| William P. Gabrielle. Said Board shall continue
in office until March $40, on the first Monday
| thereof, or until their successors are elected.
| On which date, and thereafter annually, an
| election for directors shall be held at the office
| of the corporation, at Folsom, in the Parish of
days notice thereof shall have been given by
publication in one of the newspapers published
| in the Parish OF ST. Tammany, by two publica-
| tons thereof during said time.
failure to elect Directors on the date above
mentioned, shall not dissolve this corporation,
| but, the existing Board of Directors shall con-
| tinue to hold office, and another election shall
be held as soon thereafter as practicable, OF
Is
| ready provided for notice of meetings.
Every Board of Directors shall elect a Presi-
dent, Vice President and Treasurer who will
| also be the Secretary, from among their own
number,
The offices as herein created shall be filled
for the ensuing year as follows: Geo. D. Can
trelle, President; JH. Cassels, Yiee-President;
and VIM. P. Gabrielle, Secretary Treasurer.
Article VIII.
Anyvacancy occurring in the Board of Direc-
tors, for any cause, shall be filled by the re-
manning members of the Board of Directors
| from among the stockholders of the corpora
ton. Two members of the Board shall consti-
i tute a quorum thereof, unless otherwise pro-
| vided by the Board of Directors.
The Board of Directors shall make such by
laws, rules and regulations as they think neces-
sary, and change and alter same at pleasure
Name and appoint other officers and employee!
and fix their salaries, term of service, with tbs
right to dismiss them at said Boards pleasure
And said Board shall have the right to deter.
mine and fix the salaries and duties of the sew.
eral officers herein provided for, and ascribe
other duties to said officers as will best sub
serve the interest and welfare of the corpora.
ton. They shall also have the power to sell
convey, mortgage, pledge, lease, sub-lease ant
purchase property, movable, immoVable, per.
sonal and mixed; borrow and lend money, ane
issue notes and bonds and make contracts anc
to do all things which may be necessary IL
properly transacta and manage the business o
the corporation.
This act of incorporation may be changed
modified or amended, or said corporation MAJ
be dissolved with theassent of a majority o
the amount of stock present or represented a
| a general meeting of the stockholders, of sait
| CORPORATION, and convened for such purpose
after 80 days previous notice of such meeting
shall have been given by advertisement in on
of the newspapers published in the Parish of 81
J | Tammany by urpubllcdttonS during said time
!, Whenever this corporation is dissolved, ethe
BY limitation or from any other cause, its af
fairs shall be Iiqudated under the superintend
ance of three commissioners chosen for tn
purpose from among the stockholders by
, majority in amount of the stockholders a
above set forth in this article.
In the event of the death Of any of said com
| missoners, the survivors shall continue to &C
Article X
No stockholder of this corporation shall eve
be held liable or sponsible for the contracts
, faults thereof any further sum than the un