The Caucasian. (Shreveport, La.) 1900-192?, 1910-01-11
CHARTER
OF THE R. S. AYERS LUMBER
COMPANY.


of January A. D. 1910, before me, Allen
Kendall, notary public in and fof the
Parish of Caddo, State of Louisiana,
duly qualified, commissioned and sworn,
and in the presence of the witnesses
hereinafter named and undersigned,
came and appeared the several persons
whose names are hereunto subscribed,
Who declared that, availing themselves
of the provisions of the laws of this
State relative to the organization of
corporations, they have covenanted and
agreed, and by these presents do cove
nant and agree, and bind themselves
and those who may hereafter become
associated with them to form and con-
stitute body polite in law for the OBJ
jects and purposes and under the arti-
cles and stipulations hereinafter stipu-
lated, to-wit:
ARTICLE I.
The name and style of this corpora
ton shall be the R. S. AYERS LUM-
Der COMPANY, and under its said
name it shall have the power and au-
thority to contract; to sue and be sued !;
to make and use corporate seal, and
the same to alter or break at pleasure !;
to hold, receive, have, purchase, alien
ate, convey, sell, pledge, mortgage, by
pothecate or lease property, real, per-
Sonal or mixed; to name and appoint
such officers, directors, agents and EN-
ployes as the interest and convenience
of the corporation may require; to
make and establish bylaws, rules and
regulations for the proper management
of its affairs as may be deemed neces-
sary and proper, and the same to alter
Or change at pleasure; and generally to
do all other acts and things necessary
and proper to carry out the objects and
purposes of said corporation. This
corporation, unless sooner dissolved, as
hereinafter provided for, shall exist and
continue for period of ninety-nine
(oo) years from and after the date
hereof All citation and other legal
processes shall be served upon the
president, or in his absence upon the
VICE president, or in their absence upon
the secretary-treasurer, at the domicile
of the company, which is hereby fixed
to be in the City of Shreveport, Caddo
Parish, Louisiana.
ARTICLE II.
The objects and purposes for which
this corporation is organized and the
nature of the business to be carried on
by it are declared to be: To manufac-
ture, buy and sell lumber, wholesale and
retail; build, operate, lease and ac-
quire timber, timber lands, tramways,
saw mills and planning mills, and to do
all things necessary to carry out the
objects and purposes of the corporation.
ARTICLE III.
The capital stock of this corporation
shall be fifty thousand ($5o,ooooo) dol
lars, divided into and represented by
five hundred (5oo) shares of the par
value of one hundred ($Ioooo) dollars
each, which stock shall be paid for in
cash or in property, rights and credits
actually received by said corporation
when called for by the board of direc-
tors, provided that no stock shall be is
sued until the consideration therefor
has been received by said corporation.
The said corporation shall begin bust
ness when forty (4o) shares of the
capital stock shall have been subscribed
and paid for. No transfer of stock shall
be binding on the corporation unless
made on its books at its Office.
ARTICLE ".
The corporate powers of said cor
poration shall be vested in and exer-
cised by a board of directors of three
(3) stockholders. The following per-
sons shall constitute the first board of
directors: Messrs. R. S. Ayers, L. N.
Crisp and A. Bodenheim, with Mr.. r.
S. Ayers, president; Mr.. L. N. Crisp,
vice president, and Mr.. A. Bodenheirn,
secretary In case of any
vacancy occurs in the board of direc-
tors as hereinbefore named prior to the
expiration of the term, such vacancy
shall be filled by the vote of the remain
ing directors of said corporation. The
said officers and directors shall hold
Office until January 10, 1911, or until
their successors are duly elected and m
stalled, which election shall take place
on said date and annually thereafter.
Notice of the election of directors shall
be given by ten (Io) days prior notice
published in one of the newspapers
published in said parish. The board of
directors shall appoint one or more
to preside at such election.
At all elections and stockholders meet
ings each stakeholder shall be entitled
TO one vote for each share of stock reg
stored on She books of the corporation
IN his name. Votes may be cast in per-
son or by proxy authorized in writing.