The Caucasian., 1910-03-10
CHARTER
OF THE LOGGY BAYOU LUMBER
COMPANY.

1heAAS VI A-OdIoldlCiB al AoIl VI SeihdO'
Be it known that on this second day of
March in the year of our Lord one
thousand nine hundred and ten, before
me, John D. Wilkinson, notary public
in and for said Parish and State, duly
commissioned and qualified, on this date
personally came and appeared w. A.
Jones. R. B. Williamson and J. B.
Stump, each of whom declared unto me
in the presence of the hereinafter named
and undersigned competent witnesses,
that availing themselves of the laws of
the State of Louisiana relative to the
formation of corporations, they do here
by organize themselves into and create
corporation, and adopt the following
articles as the charter thereof to govern
themselves and such others as may be-
come associated with or succeed them.
ARTICLE I.
The name and title of said corporation
is LOGGY BAYOU LUMBER COM
PANY.
ARTICLE II.
It's domicile is declared to be in the
City of Shreveport, Parish of Caddo,
and State of Louisiana
ARTICLE III.
The duration of said corporation shall
be a period of twenty-five years from
| the date hereof.
ARTICLE w.
The purpose for which said corpora
ton is established and the nature of the
business to be carried on by it are to
buy and sell timber lands, to manufac-
| ture, to buy and sell lumber, to buy,
build and operate saw and planning mills.
railroads, boat, barge, telegraph and
telephone lines, and to conduct general
merchandise business, and to do all
things connected with or incident to any
or all of said purposes.
ARTICLE V.
Every citation or other legal process
shall be served upon the president, and
in his absence on the secretary.
ARTICLE VI.
The amount of capital stock Of this
corporation, which this corporation is
authorized to issue, is fifteen thousand
! ($I5,ooooo) dollars, divided into one
hundred and fifty shares of the par
value of one hundred dollars each. This
corporation is authorized to commence
| business as such when one hundred and
fifty shares of the capital stock shall
have been subscribed and paid for No
certificate of stock shall be issued until
| full payment is made thereof, which
may be by money, property, services or
any other valuable consideration NOV
ing to said corporation, and resolution
of the board of directors of this cor
poration that the consideration given
for any stock is fair and adequate shall
be conclusive evidence that it is such
but no stock shall issue for less than the
par value thereof
ARTICLE VII.
The board of directors of this cor
poration shall be composed of not less
than three stockholders for the ensuing
year. The board of directors shall have
authority to adopt a set Of bylaws for
the regulation of the business of this
corporation, to adopt a corporate seal,
to hypothecate or dispose of any portion
of the property of said corporation for
such consideration and on such terms of
payment as it may deem advisable, to
direct and control the officers and en-
ployes of the corporation, to pass all
rules and regulations which it may deem
necessary for the conduct of the affairs
of said corporation.
ARTICLE VIII.
The officers of this corporation until
the first annual meeting of the board of
directors on the second day of
March 1911, are: w. A. Jones, presi-
dent; R B. Williamson, vice president,
and J. B. Stump, secretary, who shall
constitute its first board of directors.
AT the end of their term of Office, the
officers of said corporation sllal be elect
Led by the board of directors The regu-
lar annual meeting of the stockholders
shall be held on the second day of
March of each year.
ARTICLE TX.
No stoclho1der of this corporation
shall ever be held liable or responsible
for the contracts or faults thereof in
any further sum than the unpaid bal
ance due the company on the shares of
stock subscribed for or owned by him,
nor shall any mere informality in or
ganization have the effect of rendering
this charter null or of exposing any
stockholder to any liability beyond the
unpaid balance, if any, due on his stock.
ARTICLE X.
In the event of the dissolution of this
corporation by expiration Of time, or by
resolution of its stockholders passed in
accordance with law, the stockholders
! chill n1S.-A