St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1909-04-17

Parish of st. Tammany, State of Louisiana.
Be it known, That on this 10th day of March
IN the year OF our Lord one thousand, nine
hundred and nine, and of the independence OF
the United States the one hundred ami thirty
fourth; before me, Edward H. Richard, notary
public in and for the parish of St. Tammany
State OF Louisiana, aforesaid, duly commission.
co ana Qualfed, and in the presence of the
Witnesses hereinafter named; and undersigned
personally cameand appearedt the parties whose
names are hereunto subscribed, all of full age
VINO declare, that aVailing themselves of the
provisions OF the laws relative to the organiza-
ton OF corporations, they have covenanted
ana agreed. and by these presents do covenant
ana agree and bind themselves, as well as such
other PERSONS as may hereafter become asso-
ciated with them, to form and constitute a
corporation and body polite in law, for the
purpose and objects and under the stipuIations,
articles and conditions following to-WIt:
Article /.
The name and style of this corporation shall
be THE FOLSOM EXPORT LUMBER COMPANY,
LlMliED, and by that name, it shall have power
| ana authority to exist and enjoy succession for
| the 1ail term and period of nnety-nine years
| from GATE hereof, unless sooner dissolved.
Article II.
| The domiciIe of this corporation shall be in
the town of Folsom, Parish of St. Tammany,
State OF Louisiana. All citations and other le-
| gal processes Shall be served upon the Presi-
uent, or in case of his absence or inability to
act, upon the Vice President. The President
snail be the executive officer of the corporation,
| and shall preside at the meetings of the Board
| OF Directors and Stockholders.
Article Iii.
The objects and purposes for which this cor
poratlon is established and the nature of the
business to be carried on by it are hereby de-
clared to be:
10 buy or sell, own, operate, run, manage,
tease, hire or rent saw mills; to buy and sell
iumoer IN Its manufactured state, timber, tim
per lands, lands. etc., to conduct lumber agen-
cleS, and to build railroads, tram roads or
wagon roads for the turthering of the pur-
poses for which this corporation is established,
any any " uo An actS necessary in the conducting
anu anu carrying on OF general saw mill and lum-
Der export business, although such acts may
not be enumerated herein.
Article Nv.
This corporation may sue or be sued in its
corporate name, make and use corporate seal,
the same to break and alter at pleasure; hold.
nave, receive, purchase, convey, sell, mort
gage, hypothecate, pledge, lease, suitcase,
and enjoy real, personal and mixed property;
also borrow and lend money, and make con-
tracts make and establish such bylaws, rules
and regulations as may be necessary, and the
same to alter and change at pleasure: and shall
possess all the rights and privileges to which
corporations are or may be authorized and en-
titled to possess.
This corporation may exercise its corporate
powers within any other State or Territory of
the Union.
Article v.
The capital stock of said corp Grafton shall be
ten thousand $4,000 dollars, iivided into and
represented by one hundred Shares of the sum
of one hundred tS1OO) dollars each which
said stock shall be paid for in cash at the time
OF SUBSCRIPTION, or the same raay be issued at
not less than par, in payment of exchange for
property or rights actually received or pur-
chased by said corporation, or the same may be
issued full paid. for money advanced and for
sucn other valuable consideration or service |
IS the Board of Directors of said corporation |
may determine, provided that no stock shall |
issue until consideration therefor has been
received by said corporation. Said shares of |
stock shall be signed by the President and Sec |
ry-Treasurer.
AT all elections by, or meetings of the stock |
holders, each share of stock shall be entitled |
% one vote to be cast by the person in whose |
corporation, or by his agent or proxy, duly
authorized 10 that effect in writing. This cor
poratlon to become going concern as soon as |
me sum OF three thousand and five hundred \
lolIdES Is subscribe ID for and paid in.
Article vi. |
No stock-holdeI' shall have authority or right 4
10 sell or othery Use dispose of his stock in |
whole or in part, without first giving the Board
,! directors mite en- days notice in writing of |
ms intention OF desire to dispose of any of his
tock or part hereof, and allowing the Board /
y directors, or in its default any stock-holder
ne ne Irst oppoF UNITY OF purchasing the stock |
old IN open 1rlarket. The stock of said corpo- |
alton may oe transferred under the above |
conditions, Provided such transfer be made on !
ne BOOKS OF said corporation at its office at l
olson, in he Parish of St. Tammany, State of 1
oalslaha, mel on surrender of the certificates
herefor he Board of directors shall have the i
lght to deter mine how much stock shall be 1
ssued.
Article VII.
ne bt tsinessi affairs and corporate powers of |
ms cor poratiUn shall be transacted by a Board /
u pre- >ctors to be composed of three stock Il
folders. No person shall be eligible as Direc-
or or officer as herein provided in this charter,
Vho Is not stakeholder in this corporation.
The membe rs of the Board of Directors shall |
tock-holderS cast at a meeting to be held for Il
nat purpose, ZACH year. The following named /
PERSONS shall C onstitute the first Board of Di-
eCtors: Geo. D. Gabrielle, ]. H. Cassells and i
lillian P. Cant relic. Said Board shall continue
n office until larch 1910 on the first Monday |
hereof, or unit their successors are elected. |
On which date, and thereafter annually, an II
ELECTION for dir ectors shall be held at the office
u the corporate on, at Folsom, in the Parish of l
It. Tammany, State of Louisiana, after fifteen 4
lays notice thel eof shall have been given by /
,uohcation in ne OF the newspapers published i
n the Parish of ST. Tammany, by two publica-
ions thereof du hing said time.
failure to eli ct Directors on the date above /
mentioned, shall mot dissolve this corporation,
tut, the existing Board of Directors shall con-
inue to hold Off &c, and another election shall
'e heia as soon thereafter as practicable, of /
which notice shall kJe given in the manner al
eady provided for. notice of meetings.
Lively DOdlu OI GClOES SHALL eject a PreSl- 4
lent. Vice President and Treasurer who will
lso be the Secretary, from among their own
lumber.
The offices as herein created shall be filled
or the ensuing year as follows: Geo. D. Can
relic. President; J. H Cassels, Yice-President;
nd VIM. P Gabrielle, Secretary-Treasurer.
Arti eie VIII.
ANY vacancy occurr ing in the Board of Direc-
orS, for any cause, 81 lafl be filled by the re-
naming members of the Board of Directors
rom among the stock holders of the corpora
ion. Two members # the Board shall consti-
ute quorum thereof unless otherwise pro-
lded by the Board of Directors.
The Board of Directo rs shall make such by
Tvs, rules and regulati ors as they think neces-
ary, and change and liter same at pleasure.
anne and appoint othe. officers and EMPLOYEES I
no nix their salaries, te rm of service, with the
ght to dismiss them at said Boards pleasure |
nd said Board shall hay the right to deter
llue and nix the salaries and duties of the sew
raj officers herein prov hed for, and ascribe
ther duties to said offiC eTS as will best SUBJ l
erve the interest and W, slfa re of the CORPORA
on. They shall also hay the power to sell,
onVey, mortgage, pledge, lie; lSe, Sub-lease and
urchase property, movable, mmovabe, per- |
0nal and mixed; borrow and l. end money, and
sue notes ana bonds an d max c contracts, and
40 an things which may b necessary to
lie corporation.
Article TX.
ms act OF incorporation may be changed
odlhed or amended, or said corn, )ration NAV
: dissolved with the assent q ! majority OF
leahnoaht OF stock present OF. repr esented at |
general meeting of the stock hoide rs, of said
,aIpoIatlon, and convened for such purpose,
tef 50 Gays previous notice of such meeting
an nave been given by ADVERT sement in one |
the newspapers published in Il lie Parish Of St
nmany byfour publications du ring sale time.
nsneveT this corporation is dis olved, ither
limitation or from any other cause. its af-
rs snail be hquidated under the superinte. nd
&c OF three commissioners CHI sen for the
ipose from among the stock FOLDERS by
slorltv IN amount of the stoc xhoIders as
owe set forth in this article
n the event of the death of any Of said conn
ssioners, the survivors shall con tinue to act
Article
70 stakeholder of this CORPORATION shall ever |
held liable or esponsible for thee ontracts or
Its thereof in any further sum fI; in the an
d balance due the corporation on the shares
,scTlnsd Tor or owed by him, or shall any