St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1909-05-01

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the United States the one hundred and thirty
fourth; before me- Edward II. Richard notary
public in and for the parish of St. Iammany
State of Louisiana, aforesaid, duly commission
ed and qualified and In the presence of the
witnesses hereinafter named; and undersigned
personally came and lppearedthe parties whose
names are hereuntO subscribed, all of full age,
who declare, that avaIIing themselves of the
provisions OF the laws relative to the organiza-
ton OF corporations, they have COVcnanted
and agreed, and by these presents do covenant
and agree and bind themselves, as well as such
other persons as may hereafter become aSSo-
ciated with them, to form and constitute
corporation and 4 body polite in law, for the
purpose and objects ana under the stipuIations,
articles and conditions following to-wIt:
Article i.
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 for
the full term and period of ninety-hine years
from date hereof, unless sooner dissolved.
Article II.
The domicIe of this corporation shall be in
the town of Folsom, Parish of St. Tammany,
State of Louisiana. All citations and other le-
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 eXecutyeot officer of the corporation,
and shall preside at the meetings of the Board
OF Directors and Stockholders.
Article Ill.
The objects and purposes for which this cor
pOTatiOn is established and the nature of the
business TO be carried on by it are hereby de-
cdred to be:
To buy or sell, own, operate, run, manage,
lease, hire or rent saw mills; to buy and sell
lumber in its manufacturers state, timber, tim
Der lands, lands, ETC., to conduct lumber agen-
cies, and to build railroads, tram roads or
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 lum-
Der export business, although such acts may
not be enumerated herein.
Article ".
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, suh-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.
Article "
The capital stock of said corporation shall be
ten thousand lS10,0G0D dollars, divided into and
represented by one hundred shares of the sum
of one hundred tS1O0) dollars each. which
said stock shall be paid for in cash at the time
of subscription, or the same may be issued at
notices. than par in payment of exchange for
property9r rights actually received or pur-
chased bYssaid corporation, or the same may be
issued fun 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-T fSaSuTer.
At ali elections by, or meetings of the stock
holders, each share of stock shall be entitled
to one vote to be east by the person in whose
name thesst9ck appears on the books of the
corporatan, or by his agent or proxy, duly
authorizeato that effect in writing. This cor
poration tQsbecome going concern as soon as
the sum ofNnree thousand and five hundred
dollars is Subscribed for and paid in.
%e1 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 anv OF his
stock or part thereof, and allowing the Board
of Directors, or in its default, any Stock-holder
the first opportunity of purchasing the stock
after which fifteen days, the said stock may be
sold in open market. The stock of said como
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 a 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 stakeholder in this CORPORATION,
The members of the Board of Directors shall
No a - . TfnrfT
stockholders cast at a meeting to be held for
that purpose, each year. The following named
persons shall constitute the first Board of Di-
reCtofs: Geo. ID. Gabrielle J. H. CasseIls and
William P. Gabrielle. Said Board shall continue
in office until March 90, 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
st. Tammany, State of Louisiana after fifteen
days notice thereof shall have been given nv
publication in one of the newspapers published
in the Parish of st. Tammany, by two puhIica-
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-
ttnue to hold office, and another election shall
be held as soon thereafter as practicah eiiI of
which notice shall be given in the manner al
ready provided for notice of meetings.
Every Board of Directors shall elect n PreSi-
dent, Vice President and a Treasurer who win
also be the Secretary, from among their own
number.
The offices as herein created shall be filed
for the ensuing year as follows: Geo. b. Can
trele President; J. Il. Cassels, Vice-President.
and VIM. P. Gabrielle. Secretary-T
Article WILL
Any vacancy occurring in the Board of Direc-
tors, for any cause, shall be filled bv the re-
naming members of the Board OF Directors
from among the stockholders of the cornor9-
ton. Two members of the Board shall c6nstj
tute quorum thereof, unless otherwise mo-
yidcd by the Board of Directors.
The Board of Directors shall make such NV
laws, rules and regulations as thew think neres-
sary, and change and alter same at pleasure
Name and appoint other officers and er1pIovees
and fix their salaries, term of service, with the
right to dismiss them at said Boards pleasure.
mine and fix the salaries and duties of the sew