The Caucasian. (Shreveport, La.) 1900-192?, 1909-10-21
CHARTER
OF THE PELICAN LUMBER COM.
PANY.

State of Louisiana, Parish of Caddo
BE It remembered, that ON this the 10th
day OF September one thousand rine
hundred and nine (1ooo), before me
Frank J. 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 oil
Caddc, and w J. Crow, a resident OF
the Parish ef Lincoln, State u Louis
lana, who declared that availing them
selves of the provisions of the laws OF
the State Of Louisiana, and especially
of Act 70 of 1904 pslaaivs to the or
ganization of corporations. they have
agreed, and do by these presents agree
and bind themselves, as well as all
other persons as may hereafter become
associated with thsn, to form and con
sttute a corporation and body polite
in law, for the purposes and objects ana
under the stipulatiors, articles and con
ditiohs following, to-wit
ARTICLE |.
The name aud style Of this corpora
ton shall be the PELICAN LUMBER
COMPANY, and its domiciie 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 OH the president, or
in the event of his absence, on the vice
president, or secretary-treasurer
ARTICLE II.
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 a general msr-
chandise business, buying and selling
merchandise: and TO buy and improve,
sell and lease, real estate, urban or rti-.
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 a corporate seal and the same
to alter or break at pleasure; to hold,
receive, purchase, improve, ALLEVIATE,
pledge, mortgage and hypethecate under
under It's 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 aft
fairs as 1t may deem necessary, and the
same to amend and alter at pleasure;
to enjoy all other privileges and i'm
mnnities 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 ".
The affairs of this corporation shall
be managed by a board of directors
composed Of three stockholders, two of
whom shall constitute a 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
iii 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 a special meeting called
for that purpose and according to law,
Il 4 L. IL