The Caucasian. (Shreveport, La.) 1900-192?, 1909-09-30
CHARTER
OF THE PELICAN LUMBER COM
PANY.

State Of Louisiana Parish of Caddo:
Be it remembered, that on this the goth
day of September one thousand nine
hundred and nine (Iooo), before me,
Frank J. Looney, a 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. Grow, resident of
the Parish of Lincoln, State of Louis
lana, who declared that availing them
selves of the provisions of the laws of
the State of Louisiana, and especially
of Act 78 of 1904, relative to the or
ganization of corporations, they have
agreed, and do by these presents a@ee
and bind themselves. as we'll as all
other persons as may hereafter become
associated with them, to form and con-
stitute a corporation and body polite
in law, for the purposes ana objects anS
under the stipulations, articles and con
| ditions following, to-wit:
ARTICLE v
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 %
Shreveport, Caddo Parish, eouisiana,
where all citations ana other legal pro-
cess shall be served on the president or
in the event of his absence, on She 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 a 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 ms
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 or 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 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. No
stakeholder shall sell or transfer his
stock in this company until after ten
days written notice to the president, or
other officers, during which time the
other stockholders shall have the right
to purchase said stock; but all transfers
of stock shall be made on the books of
the company at its office The said cor
poration shall be authorized to com
mence 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 a board of directors
OOlllpOSSu VI Two Vi
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
| eoI,,aJ ~ d, t11aetio0 catiad af.a- tor,