The Caucasian. (Shreveport, La.) 1900-192?, 1909-01-24
CHARTER
OF THE ". II. POWELL LUMBER
COMPANY.

State OF Louisiana, Parish q Caddo:
| Be it known, that on this the 10th day OF
| January 1000, before me, y. Il. Freyer,
a notary p,1blic in and for the said Par
ISL and State, duly qualified. commits
stoned and sworn, and i'll presence Of the
witnesses hereinafter named and under
signed, came and appeared the several
persons whose names are l1creunto sub
scribed. who declared that. awaiting
themselves OF the provisions 81 the law
OF this State relative to the organization
! of corporations. they have covenanted
and agreed. and by these presents do
| covenant and agree. and bind themselves
and those who may hereafter become
associated with them, 70 form and con-
stitute body polite in law for the OBJ
! iect> and purposes and under the articles
and stipulations following. to-Wit.
ARTICLE l.
The name and style Of this corporation
shall be ". II. POWELL LUMBER
COMPANY, and under IT. said name it
shall have power and authority to con-
tract, to sue and be sued to make and
Use corporate seal, and the same TO
alter OF break at pleasure; ro hold, re
ceive, purchase, ALLEVIATE, convey, sell,
pledge, mortgage, fypothecate OF lease
property. real. personal or mixed: to
name and appoint such officers. direct
ors. agents and employees as the inter
ests and convenience OF the said corpor-
alton may require: TO make and estab-
lish bylaws. rules and regulations for
tie proper management of its affairs as
NJ be deemed necessary and proper.
and the same to alter or change at pleas
tire: and generally to do al other acts
and things necessary and proper TO car
" ont the objects and purposes Of said
corporation
! This corporation unless sooner dis
solved as hereinafter provided for, shall
exist and continue for a period OF
ninety-nlne tqo) years from and after
the date hereof.
All citation and other legal process
shall BE served upon the president. Or III
his absence. t,pOn the vice president. or
in their absence, upon the secretary
treasurer, at the dor1icile OF the COM
pany, which shall be and IS hereby de-
clared to be in the City OF Shreveport
Caddo Parish. Louisiana.
ARTICLE II.
The OBJ; ects and purposes Tor which
this corporation is organized and the
nature OF the business to be carried on
by it are declared to be: TO buy and sell
land or timber and lumber and timber
contracts. to manufacture and sell lum-
Der, 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 H.
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
{SIooD 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 Tor by the board Of direct
ors OF this corporation, provided that nc
stock shall be issued until the consldera-
ton tl1erfor has been received by said
corporation.
The corporation is authorized to COM
mence business when all of the stock
$50, oool shall have been subscribed and
paid for.
ARTICLE ".
. The corporate powers Of said corpora
ton shall be vested in and exercised by
, a board of directors of FIVE 60 stock
holders. The following persons shall
!. constitute the first board of directors
viz: w. H. Powell, W. J. Powell, W
C. Downs, N. A. Ayres and w. {.
Lenahan, with w. ]. Powell, president
w. c. Downs as vice president, and W
J. Powell as secretarytreasurer. The
said officers and directors shall hole
their Office until the second day of Jan
: uary A. D. 1910, or until their success
sors shall have been duly elected ant
qualified. On the said day of Januar!
1910, and annually thereafter, boart
of directors shall be elected, unless sale
date shall be legal holiday, in which
event the first day thereafter. Notice o
Il the said election shall be given by tel
> days notice published in one OF the pub
1 lie newspapers published in said Parish
Il The board of directors shall appoint on
Or more stockholders to preside at sucl
election. Any failure, from an. caus
whatever, to hold such meetings Or t