The Comrade. (Winnfield, La.) 1890-1914, 1910-07-01
Articles of Incorporation.
State of Louisiana,
Parish Of Winn. &

State of Louisiana,
Parish of VIM.
BE IT KNOWN AND REAfEMBERED That on this |
the SOth day Of May, 1910, before me, the un-
dersigned authority, in the presence of the UNI
came and appeared the parties whose names
are hereunto subscribed, all of full nge, who
declared that ayailing themselves Of the laws
of this state relative to corporations, they have
covenanted and agreed and do by these pres
as wellas such other pc rsons as may hereafter
become associated with them, to form and con-
stitute corporation and body politic in law
for the purpose and objects and under the
articles and conditions following,
to-wit: ID
The name and title Of said corporation shall
be LOUISIANA LUMBER & MANUFACTURE
ING COMPANY end its dolnicile is hereby es-
tablished in Winfield, Winn Parish, Louisi-
ana and under its corporate name, said corpo-
ration shall have power and authority to con-
tract sue and be sued; to make and use q COR
porate seal and the same to break and alter at
pleasure; to hold, receive, have, purchase, inn
prove, ALLEVIATE, borrow, pledge, mortgage and
hypOthecate underS.its said corporate name
and appoint such officers, directors, agents and
managers or employees as the interest or con-
venience of said corporation may require; to
make and establish bylaws, rules and regula-
tions for the proper management and regula-
ton OF its officers as may be deemed necessary
and proper and the same to change and altar at
pleasure; and to do all other acts and things
permitted by law or as shall or may be neces7
sary and proper to carry out the purposes and
objects Of said corporation.
e Said corporation, unless sooner dissolved, in
accordance with this charter shall exist and
continue for period of fifty 1907 years from
and after the date hereof.
The president, or in his absence the vice.
president, shall be the proper person upon
whom citation or other legal process shall be
served. 7535 ,S $ sS.l Z. n +.
The objects for which this corporation is or
ganized and the nature Of the business to be
carried on by it are declared to be the follow
ing, to-wit: MI
70 buy and sell on terms Of cash or credit,
to buy and sell timber of every class and kind;
to manufacture all kinds Of lumber; to erect,
buy and sell saw mills at any and all places; to
build and equip a railroad for the purpose OF
hauling and transporting timber, lumber, ETC.,
and to carry on q general saw mill business in
sary or convenient in carrying out the pur-
poses aforesaid. IS @
80. ARTICLE Ill. e
The capital stock OF said corporation shall be
Fifty Thousand Dollars, divided into and rep-
resented by five hundred (50O) shares of the
stock shall be paid for in cash at the time OF
subscripti ion or the. same be issued at not less
than par in payment Of exchange for property
or rights actual received or purchased BY
| said corporation, or the same may be issued
full paid for money advanced, and for such
other valuable considerations or services as
the board OF directors of said corporal ton may
determine; PROVIDED, that no stock shallbe
issued until the consideration therefor has
been received by the said corporations: The
stock of said corporation may be transferred
provided such transfer be made on the books Of
saia company at its Office at Winfield, Loulsi$
ana, and only on surrender of certifi
for properly ndorsed; but no transfer Of any
fractional part OF a share shall be made. 4
| 81 This corporation shall commence doing bust
tai stock shall have been subscribed for. The
Board OF Directors shall have the right to de-
termine upon the amount and to whom addi7
1 tional stock shall be issued.
ARTI GLE Z
| The corporate affairs OF this company shall be
vested in and exercised by q Board Of Five {5)
Directors who shall elect from their own num-
Der a president, a vice. lent treasurer and
/ secretary. Three of said board OF directors
shall constitute q quorum for transaction o.
business and their decisions shall be valid coz.
porate acts. The office Of treasurer and any
one Of the other offices Of this company, may
L be filled by one and the same person, provided
j the board of directors so elects. /,
The following persons shall constitute the
i first board of directors: q. @. Couch. y "A
No person shall be eligible as director or ar
tofhcer who is not o stock older OF this com
4 pany. & 81
During the absence Of the president, t lhs
4 vice-p president shall act and preside.
Said board shall continue in Office until thu
last Tuesday in January, 1911, on which dat
u and thereafter annually, a board Of director!
lshall be elected by the stOckho lders unless tn
Il same should be q holiday, when the election
shall be held on the next legal day thereafter
a licaticn IN any newspaper published in thu
& town Of Winfield preceding the election b
i at least ten days, one pu LEGATION being suM
4 cient; and the board OF directors shai! ppoln
one or more stockhold ers to preside ct suct
8 election as commissioner In the event 9
1.-The failure OF any missioner to attend, thu
4 presd lent shall by app fill the vacancy
q Any failure for any causes whatever ito cleo
4 directors the day named for that purpose sinai
q not dissolve the corpora ion but the director
q cessOrs are chosen, and the officers Oh SAL
y company at that time shall hold their Ottlce
i until the board Of ectors choose their sue
cessors, 83Si isss$ ssE5s. I'D
!, # Iii such event, the preside shall cause an
. other election to be held within thirty (8O) day
provided .5S.=
], Sd AT every election and meeting, each stock
holder shall be EMIT led to vote for each shar
!, f:gtock registered in his name and may yot
q by duly auth orized proxy The election 9
directors shall be By ballot and the majority j
!, amount Of votes cast, each share OF took vote
I upon to be counted for one vote, shall electth
4 person or persons for WI ON they nave pee
3 east. After each election the board Of direct
{ ora. Us soon as pract able, shall elect fr0r
i number the officers Of the said company.
8 RITZ G. LIE " Isl 55
8 The Board Of Directors shall have full poWe
i |tosf vacancies in t,IcjF9 number caused b
a death resignatio ION d sth erWise rom anon
II the stockhold ers Of this porati0n The sai
4 board shall have full con troll OF the property
n this company and hall SO conduct, manag
s and use Tho same as In their discretion the
8 iof this company Or the welfare Of the same
+ Land the said board is fnlly uthorized to
4 anyand All acts that the corpor tion itself
4 an IN nri11a II vi