The Caucasian. (Shreveport, La.) 1900-192?, 1909-11-07
CHARTER
OF THE PELICAN LUMBER COM
PANY.

day of September one thousand nine
hundred and nine (Iooo), before me,
Frank ]. Looney, notary public in and
for the said Parish and State, duly
commissioned and qualified, personally
came and appeared r. S. Ayers and L.
N. Crisp, residents Of the Parish of
Caddc, and w. J. Crow. a resident Of
the Parish Of Lineoln, State - Loais-
lana, who declared that svailing them
selves of the provisions of the laws OF
the State of Louisiana, and especially
of Act 70 of 1904, SslaAivs to the Or
ganization of corporations, they have
agreed, and do by these presents asPeo
and bind themselves, as well as all
other persons as may hereafter become
associated with thaa, to form and con
stitute a corporation and body polite
in law, for the purposes and objects AMI
under the stipulaticns, articles and con-
ditions following, to-wit
ARTICLE l.
The name and style of this corpora
ton shall be the PELICAN LUMBER
COMPANY, and its domicie shall be
and is hereby fixed at the City of
Shreveport, Caddo Parish, Louisiana,
where all citations and other legal pro-
cess shall be served on the president, or
in the event of his absence, on the vice
president, or secretary-treasurer.
ARTICLE H.
The object for which this corpora
ton is organized and the nature of the
business to be carried on by it is hereby
declared to be to buy and sell lands,
timber or lumber; to manufacture and
to sell lumber either at retail or whole
sale; to acquire and operate saw mills
and planning mills; TO conduct general
saw mill and planning mill business; to
construct and own trans, logging roads
and equipment, dry kilns, and to do any
and all things pertaining to the. saw mill
business, and to conduct general mer-
chandise business, buying and selling
merchandise: and to buy and improve,
! sell and lease, real estate, urban or ru-
/ raj, wherever situated; to do any and
all things pertaining OF incidental to the
carrying on of the business the objects
of which are set forth above.
ARTICLE III.
This corporation shall have the power
TO contract, sue and be sued to make
and use a corporate seal and the same
to alter or break at pleasure; to hold,
receive, purchase, improve, ALLEVIATE,
pledge, mortgage and hypothecate under
under its corporate name in the conduct
Of its business, and to make and estab-
| lish such bylaws, rules and regulations
| for the proper management of its af-
fairs as it may deem necessary, and the
same to amend and alter at pleasure
to enjoy all other privileges and i'm
munities 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 the issuance of any stock, and
said stock may be issued at par for
! money, goods or property or for serv-
ices rendered and performed as the
board Of directors may determine Nc
\
stakeholder shall sell or transfer his
stock in this company until after ter
days written notice TO the president, OF
OTHER officers, during which time the
other stockholders shall have the right
to purchase said stock but all transfers
of stdck shall be made on the books OF
/ the Cd mpany at its office The said cor
| poratdon shall be authorized to com.
lnencl business as soon as three thous-
and dollars Of the capital stock has been
subscribed and paid for.
ARTICLE V.
The affairs of this corporation shall
be managed by board of directors
composed Of three stockholders, two OF
whom shall constitute quorum for the
transaction of business, said board OF
directors to be elected annually at a
general meeting of the stockholders on
the first Monday in September of the
year 1910, and annually thereafter; all
directors to hold office until their sue
cessors shall have been elected and in
stalled, and the failure to hold an cleo
ton shall not have the effect of vacat-
ing such offices. Each share of stock
shall be entitled to one vote at all
stockholders meetings, cast by its owner
in person or by written proxy, and the
majority of votes shall prevail at all
meetings.
ARTICLE VI.
The charter of this corporation may
be amended at special meeting called
for that purpose and according to law,
or the said corporation may be dis
solved at meeting called after ten