St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1909-04-24
Charter
THE FOLSOM EXPORT LUMBER co. LTD.

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, min
hundred and nine, and of the independence O
the United States the one hundred and thirty
fourth; before me, Edward H. Richard, notar
public in and for the parish of st. Tammany
State OF Louisiana, aforesaid, duly commission
ed and qualified, and in the presence of til
witnesses hereinafter named; and undersigned
personally cameand appearedthe parties who's
names are hereunto subscribed, all of full age
who declare, that avaling themselves of tn
provisions OF the laws relative to the organZa
ton of corporations, they. have coyenantet
and agreed, and by these presents do covenan
and agree and bind themselves, as we'll as sucl
other persons as may hereafter become asso
GATED With them, to form and constitute
corporation and body polite in law, for tht
purpose and objects and under the stipulations
artlcleSand conditions following to-wlt:
Article /.
The name and style of this corporation shal
be THE FOLSOM EXPORT LUMBER COMPANY
LIMITED, and by that name, 1t shall have power
ana authority to exist and enjoy succession fol
the full term and period of ninety-nine year:
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 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 executive officer of the corporation,
and Shall preside at the meetings of the Board
of Directors and Stockholders.
Article iii.
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 or
wagon roads for the turthering of the pur-
poses for which this corporationis established,
and to do all acts necessary in the conducting
and carrying on of a general saw mill and lunl-
Der export business, although such acts may
not be enumerated herein.
Article w.
This corporation may sue or be sued in its
name, make and use acorporate 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. sF
This corporation may exercise its corporate
powers within any other State or Territory of
the Union.
Article V.
The capital stock of said corporation shall be
ten thousand 100000 dollars, divided into and
represented by one hundred shares of the sum
Of one hundred tS100) dollars each, which
said stock shall be paid for in cash at the time
Of subscription, Of 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 tull paid, for money advanced and for
such other valuable consideration or service
IS 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
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
10 that effect in writing. This cor
poraton 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 stock holder 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
MS 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,
litter which fifteen days, the said stock may be
sold in open market. The stock of said corpo-
-ation 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
light to determine how much stock shall be
Ssued.
krticIa WI
The business affairs and corporate powers of
his corporation shall be transacted by Board
1t Directors to be composed of three stock
holders. No person shall be eligible as Direc-
or or offIcer as herein provided in this charter,
who is not stockholder in this corporation
The members of the Board of Directors shall
De elected by majority sof 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 Di-
-ectors: Geo. D. Gabrielle, j. H. Cassells and
William P. Cantrelle. Said Board shall continue
N office until March 1870 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. Iammary, State of Louisiana, after fifteen
days notice thereof shall have been given by
publlcatlon IN one OF the newspapers published
IN the Parish of st. Tammany, by two publica-
tons thereof during said time.
a failure TO elect Directors on the date above
ment Toned, shall not dissolve this CORPORATION.
but, the existing Board of Directors shall con-
tlnue 70 hola once, and another election shall
be held as soon thereafter as practicable, of
which notice shall be given in the manner al
ready provided for notice of meetings.
Every Board of Directors shall elect 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
Tor the ensuing year as follows: Geo. D. Cam
treble, President; j. II. Cassels, Yice-President;
and VIM. P. Cantrelle, OBSERVATION-DISCLOSURES
Article VIII
ANY vacancy occurring in the Board of Direc-
tors, for any cause, Shall be filled by the re-
naming members of the Board of Directors
from among the stockholders of the cornora-
ton. Two members of the Board shall corsti-
tute 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 EMPLOYEES
and fix their salaries, term of service. with fbts
right to dismiss them at said Boards Measure.
And said Board shall have the right to deter
mine and TX the salaries and duties of the sew
eral officers herein provided for, and ascribe
other duties to said officers as viii best sI1h-
serve the interest and welfare of the CORPORA
ton. They shall also have the power to sell,
convey, mortgage, pledge, lease, suitcase and
purchase properly, movable, immovable, per-
Sonal and mixed; borrow and lend money. and
issue notes and bonds and make contracts, and
to do all things which may be necessary TO
properly transact and manage the business of
the corporation.
Article TX.
his act OF incorporation may be changed
or amended, or said CORPORATION NAV
be dissolved with the assent of a majority Of
the amount of stock present or represented ii
a general meeting of the stockholders. of said
corporation, and convened for such purpose.
after 80 days previous notice Of such meeting
shall have been given by advertisement in one
Ct the newspapers published in the Parish of st.
Tanlnany by fourp publications during said fine
Whenever this corporations dissolved, either
by limitation or from any other cause, its af-
falfs snail DC lquidated under the superintend-
purpose from among the stockholders BY 4
majority in amount of the stockholders as
above set forth in this article
In the event of the death of any of said COM
missioners, the survivors shall continue to act.
Article X
No stakeholder of this corporation shall ever
be held liable or feSDnsihfe for tI1e 1;.fyafr ~