The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1909-05-29
CHARTER OF
The Gulf Timber Co., Limited.
State of Louisiana,
Parish of St. Mary.

Before me, Chas. j. Boatner, Notary
Public, duly commissioned and quallhed
in and for said Parish and State, In pre-.
sence of the witnesses hereinafter named
and undersigned, personally came ana
appeared, Thomas Bodin, Chester F.
Morrison and Elisha B. Spiller, all resi-
dents of said Parish and State, who de-
clared that availing themselves OF the
laws of the State of Louisiana relative to
the formation of corporations, and es-
pecially OF Act Number So OF 1888 and Act
Number Is of 1904. of the General Assem-
bly, of Louisiana, they do by these presents
constitute, organize and form themselves
into corporation for term OF nifty years
from this date. under the name OF THE
GULF TIMBER COMPANY, LIMITED.
the domicile whereof is fixed in the town
of Franklin, Parish of st. Mary, State of
Louisiana, where citation shall be served
on its President.
The objects and purposes of this corpor-
alton are declared to be. the manufacture
and sale of cross-ties: buying and selling
timber and timber lands; conducting a
general saw mill bus mess; and generally
to carry on such business as may be in
cidental to or necessary or proper for con-
Quoting any business for which this cor
pOratiOn is created.
3.
uc StOCA VI ILLS COI pOIdtlOu 10
hereby fixed at ten thousand dollars $50
0O0.0O) divided into one hundred GOD
shares of the par value of one hundred
dollars ($1OO.O0) each; all stock TO be paid
for in cash or real or personal property in
such manner as may be determined by
the board of directors.
The corporation may begin business as
soon as fifty per cent of its capital stock
is subscribed and paid for. No stock.
holder shall sell his stock to persons who
are not stockholders until after thirty
days written notice to each stakeholder,
who shall, during such period. have right
to purchase such stock in preference to
others.
managed by board of three directors
who shall be stockholders, elected an
nuallly on the second Wednesday of April
by a vote of at least seventy-fi per cent
Of the capital stock represented at the an
nual meeting OF its stockholders held for
such purpose. Special meetings of the
stockholders or board of directors may be
held after three days notice to the stock
no ders or members of the board of di-
Iectors. Each stakeholder shall be en-
titled to one vote for each share of stock
owned by him and may vote in person or
by written proxy. The board Of directors
shall act only by unanimous vote. with
out which, except as herein provided, no
act of such board shall bind this corpora
ton; provided that the board of directors
may designate one OF its members to rep
resent them in such matters as may be es-
pecially determined. The board of di-
rectOrs may adopt bylaws for the govern
ment of the corporation. Money belong
ing to the cOrpo' alton shall be paid only
by authority of the board of directors and
by checks signed by the President and
40, ,fn,. hv, De-
Secretary
The officers of this corporation shall be
a President. Vice. President, Secretary and
Treasurer; the Offices of Secretary and
Treasurer may be held by one person.
The first board of directors shall be COM
posed of Thomas BOdin. Chester Morrison
and Elisha B. Spiller, who shall hold Office
until the second Wednesday in April 1910.
or until their successors are elected and
qualified; Z. B. Spiller shall be President:
Thos. s. Bodin, e-President and c. f.
Morrison, Secretary Treasurer, who shall
serve as such until the second Wednesday
in April, 1910, or until their successors are
elected and qualified.
No stakeholder of this corporation shall
be held liable for the contracts or faults |
thereof in any further sum than the unpaid |
Ddlance que On Cne STOCK subscribed for |
by him. The subscribers hereto set op- |
pOsite their respective names the number |
OF shares of capital stock subscribed for by |
each and declare that they make this |
charter the original subscription list Of
The stockholders.
This corporation may be dissolved at any |
annual meeting of the stockholders upon
The vote OF seventy per cent of the capital
stock represented at said meeting; and in
case of such dissolution, the affairs of
same shall be liquidated by two commits
sioners, elected from among the stock
holders by majority Of the stock rep
resented at the stockholders meeting at
which the dissolution is voted.
Thus done and and passed at my office
n the Town of Franklin, La, in the
presence OF s. j. Gates and 7. j. Flemminy
witnesses, by the parties and
ne, notary, on this Sth of April, 1909.
IHOS. BoDIN, 13 3-4 Shares
CHESTER +. MORRISON, 1884 Shares
E. B. SPILLER, 22I-2 Shares
Witnesses:
STERLING j. GATES,
T. j. FLEMING.