The Caucasian., 1909-08-01
CHARTER
OF THE CLOVER LEAF LUMBER
COMPANY

Land, Jr.., notary in and for said par
1sh and state, duly commissioned and
sworn, personally came and appeared
the parties whose names are hereunto
signed, who declared that availing them
selves of the provisions of the laws of
the State of Louisiana relative to the or
ganization of corporations, they do
hereby form and constitute themselves,
associates, and successors, into acor-
poration for the objects and purposes
hereinafter set forth, to-wit:
ARTICLE l
The name and style of this corpora
ton shall be CLOVER LEAF LUM-
BER COMPANY, and its donicile is
hereby fixed at the City of Shreveport,
Louisiana, where ali citations and other
legal process shall be served on the
president, or in case of his absence or
disability, upon the vice-president or
secretary-treasurer
ARTICLE II
The object for which this corporation
is organized and the nature of the busi-
ness to be carried on by it is hereby de-
clared to be to buy and sell lumber at
wholesale, to buy and sell timber lands,
to operate saw-mills, and in the con-
duct of said business to acquire prop
erty real and personal, and to construct
or lease or otherwise acquire such build
1ngs, machinery or other property ne
cessary for the proper and advantag-
eous conduct of said business.
ARTICLE III
This corporation shall have the power
TO contract, sue and be sued, to make
and use corporate seal and the same
to alter at pleasure, to hold, receive, pur-
chase, improve, ALLEVIATE, pledge, mort
gage, and hypothecate property under
its corporate name in the conduct of
its business and to make and establish
such rules and regulations for the prop
er management of its affairs as it may
deem necessary, and the same to alter
at pleasure; and to enjoy all other
privileges and immunities given by law
to corporations organized for similar
purposes.
ARTICLE "
The capital stock of this corporation
is hereby fixed at fifty thousand dollars,
divided into shares of one hundred dol
lars each, which. shall be paid for at
the time of its issuance, and said stock
may be issued for money, goods, prop
erty, or for services performed as the
Board of Directors may determine No
stoekholder shall sell or transfer his
stock in this company until after ten
days notice, in writing, to the president
or other officers, during which time, the
other stockholders shall have the right
to purchase said stock, but all trans
fers of stock shall be made on the books
of the company. at its office. The said
corporation shall commence business as
soon as twelve thousand FIVE hundred
dollars capital stock is subscribed.
ARTICLE V
The affairs of this corporation shall
be managed by board of directors
composed of three stockholders, two
of whom shall constitute a quorum, to
be elected at a general meeting of the
stockholders to be held on the first Mon
day in August, 1910, and annually there
after, all directors holding Office until
their successors are elected and installed.
Each share of stock shall be entitled to
one vote at stockholders meetings, cast
by its owner in person or by proxy,
and the majority of votes shall prevail
at said meeting.
ARTICLE VI
This charter may be amended or
modified at a special meeting, called for
that purpose, or the corporation may
be dissolved at said meeting by vote
of two-thirds of the stock present or
represented therein Notice of meet
ing for the purpose of amending or
modifying this charter, or to dissolve
this corporation shall be given to all
stockholders by registered mail, at least
ten days previous to said meeting, the
said notice stating the object and pur-
pose for which the meeting is called. |
Whenever this corporation shall be dis
solved by limitation or otherwise, its
affairs shall be wound up by two COM
missioners selected by the majority of |
the stock present at meeting called for
the purpose of dissolving this corpora
ton, as set forth above, In the case
of the death or inability of either of the
commissioners to act, the other shall
act as sole liquidator.
ARTICLE VII
The officers of this corporation shall
be as follows: 6. H. Byrnes, presi-
dent; w. A. McKennon, ce-president
Thomas Byrnes, secretary and treasurer.
The said parties shall also constitute
he board of directors and shall serve
until the annual election provided for
hereinabove