The Comrade., 1910-07-08


ma, and under its corporate name, said corpo-
ract, sue and be sued; to make and use cor
,orate seal and the same to break and alter at
,leaSllre; to hold, receive, have, purchase, I'M
prove, ALLEVIATE, borrow, pledge, mortgage and
,ypothecate under its said corporate name
property, real. personal and mixed; to name
ind appoint such officers directors, agents and
or employees as the interest or con-
7enicnce of said corporation may require; to
make and establish bylaws, rules and regula-
ions for the proper management and regula-
Jon of its officers as may be deemed necessary
Ind 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.
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, to-wit:
TO 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-
.p0'ss ''0'sS ARTICLE III.
The capital stock of said corporation shall be
I7,f fAx, nd into n.
resented by five hundred 5000 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
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 busl-
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 Board OF Five (5l
Directors who shall elect from their own mum.
ber a president, a vice. president treasurer ane
secretary. Three of said board of directors
| shall constitute quorum for transaction O
business and their decisions shall be valid cor
| porate acts. The office OF treasurer and an!
one Of the other offices of this company, may
be filled by one and the same person, provided
| the board of directors SO elects.
The following persons shall constitute tn
first board of directors: 81. O.. Couch, j. A
Collins G. P. Couch, E. O. Brown, j. M. Brown
No person shall be eligible as director or ~
officer who is not a stockholder OF this com
pany 4,
vice president shall act and preside.
Said board shall continue in Office until tn
| last Tuesday in January, 1911, on which dat
and thereafter annually, q board Of director
Eshall be elected BY, the stock kholders unless th
same should be g holiday, when the electio
Notice Of such election shall be given by pub
3 .licaticn in any newspaper published in tn
Il town of Winfield preceding the election b
at least ten days, one publication being suit
/ Client; and the board Of directors shall appoln
one or more stockholders to preside at sue
i the failure of any commissi0 to attend, tn
4 president shall by appointment fill the yacanc.
4 Any failure for any cause whatever to elet
A directors the day named for that purpose sha
4 not dissolve the corporation but the director
then!in Office shall hold over until heir SUI
cessors are chosen, and the officers Of sal
} company at that time shall hold their Office
until the board Of directors choose their sut
J cessors $.
( In such event, the president shall cause an
other election to be held within thirty (3O) day
and shall give notice thereof as heteinbefo1
], provided. RI r. f5 y. 81.
& ts At every election and meeting, each stocl
y Holder shall be entitled to vote for each shal
Of stock registered IN his name and may vol
4 by duly authorized proxy. The election
|,directors shall be by ballot and the majority
& amount Of votes cast, each share OF stock vote
upon to be counted for one vote, shall elect th
person or persons for whom they have bee
cast. After each election the board Of direc
ors, as soon as practicable, shall elect frol
;; number, the officers of the said company.
ARTICLE ".
The Board Of Directors shall have full pow =
: to fill vacancies in their number caused +
death, resignation or otherwise from amor
!, the stockholders of the corporation. The sal
board shall have full control Of the property
II this company and shall so conduct, manal
( and use the same as in their discretion tht
Il deem fit and that is consistent with the objec
. of this company or the welfare OF the sam
and the said board is fully authorized to
y any and all acts that the corporation Itself