The Comrade. (Winnfield, La.) 1890-1914, 1910-06-17

venience of said corporation may require; to |
make and establish bylaws, rules and regula-
tion 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 neces-
sary and proper to carry out the purposes and !
objects Of said corporation.
Said corporation, unless sooner dissolved in
accordance with this charter shall exist and
continue for period of fifty (50) 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.
ARTICLE II.
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, towit.
40 buy and sell on terms Of cash or credit,
lands of every, description, including timber;
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 railroad for the purpose of
hauling and transporting timber, lumber, ETC.,
and to carry on general saw mill business in
all of its branches; and to do all things neces-
sary or convenient in carrying out the pur-
poses aforesaid.
ARTICLE III.
The capital stock of said corporation shall be
Fifty Thousand Dollars, divided into and rep
resented by five hundred (500) shares of the
sum of One Hundred Dollars each, which said
stock shall be paid for in cash at the time of
subscription or the same be issued at not less
than par in payment of exchange for property
or rights actually 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 corporation may
determine; PROVIDED, that no stock shall be
issued until the consideration therefor has
been received by the said corporation. The
stock OF said corporation may be transferred
provided such transfer be made on the books of
said company at its Office at Winfield, Louisi-
ana, and only on surrender OF certificate there
for properly endorsed; but no transfer of any
fractional part OF a share shall be made.
This corporation shall commence doing busi-
ness as soon as Five Thousand Dollars Of CAPT
tai stock shall have been subscribed for. The
Board of Directors shall have the right to de-
termine upon the amount and to whom addi-
tional stock shall be issued.
ARTICLE ~.
The corporate affairs OF this company shall be
vested in and exercised by a Board Of Five (5)
| Directors who shall elect from their own num-
Der apresident, vice. president, treasurer and
secretary. Three of said board of directors
shall constitute quorum for transaction Of
business and their decisions shall be valid COR
porate acts. The Office of treasurer and any
one Of the other Offices OF this company, may
be filed by one and the same person, provided
the board of directors SO elects.
The following persons shall constitute the
Collins, G.. P. Couch, E. o. Brown, J. M. Blown.
No person shall be eligible as director or an
officer who is not a stakeholder Of this COM
pany
During the absence Of the president, the
vice-p president shall act and preside.
h ard G oa1 in 0ff1
last Tuesday in January, 1911, or which date
| and thereafter annually, board of directors
shall be elected by the stockholders unless the
same should be q holiday, when the election
Notice of such election shall be given by pub
|licaticn in any newspaper published IN the
town Of Winfield preceding the election by
at least ten days, one publication being sutii-
! cient; and the board of directors shall appoint
one or more stockholders to preside at such
! election as commissioners. In the event OF
the failure OF any commissioner to attend, the
president shall by appointment fill the vacancy
Any failure for any cause whatever to- elect
directors the day named for that purpose shall
not dissolve the corporation but the directors
1 then in Office shall hold over until their sue.
1 cessors are chosen, and the officers Of said
company at that time shall hold their Offices
until the board of directors choose their sue
i {cessors. ii
4 In such event, the president shall cause an
and shall give notice thereof as hereinbefort
& provided. &.
4 . At every election and meeting, each stock
holder shall be EMIT led to vote for each share
4 OF stock registered in his name and may vot.
7 by duly authorized proxy. The election o
directors shall be by ballot and the majority i,
amount OF votes cast, each share OF stock votet
upon to be counted for one vote, shall elect thu
person or persons for whom they have beer
cast. After each election the board Of direct
! ors, as soon as practicable, shall elect from
a number, the officers Of the said company.
: s 81. ARTICLE ".
The Board of Directors shall have full poWe
! to fill vacancies in their number caused b,
death, resignation or otherwise from anon
! the stockholders OF the corporation. The sal
!. board shall have full control Of the property Q
I. this company and shall so conduct, manag
a and use the same as in their discretion the
. deem fit and that is consistent with the object
! Of this company or the welfare of the same
1 and the said board is fully auth rfzed to d
!, any and all acts that the corporation itself !
authorized to do.
J The said Board is further authorized to fran
z and adopt such bylaws, rules and regulation
= as the affairs and business of the corporate
! may require and IS it may deem necessary 9
= OF, provided always the said by-laWs, rules an
Y regulations shall not conf ict with this charte
or with the laws OF the United States or OF tn
= State Of Louisiana. II 35s5
2 a. The said Board shall appoint officers othe
n than these provided for herein, agents, en-
n necessary or proper for the conducting Of tn
ii business Of the corporation; clothe them wit
q such auth ority as it sees tit; FIX their compen
. sati0ns and terms of service provided alWay
q that the board Of directors shall have the rigt
b at their pleasure; and shall further have ii
fright to extend or limit their authority an
!. shall have the right to fix and determine tn