The Caucasian. (Shreveport, La.) 1900-192?, 1910-02-20

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
ytitute a body polite in law for the OBJ
ieets and purposes and under the arti-
cles and stipulations hereinafter stipu-
lated, to-wit;
ARTICLE !,
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 a corporate seal, and
the same to alter OF break at pleasure:
to hold, receive have, purchase, alien
ate, convey, sell, pledge, mortgage, by
pothecate OF lease property, real, per
sonal or mixed to name and appoint
such officers, directors, agents and EN-
bloyes 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
OF 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 a period Of ninety
too) 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.
H. I Ii objects md purposes for which
this corporation is organized and the
nature of the business to be carried on
by 1t are declared to be- To manufae-
ture. buy and sell lumber. wholesale and
retail build, operate. lease and ae-
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 (ssoooe.oot dol
lars, divided into and represented by
ave hundred (5oo) shares of the par
value of one hundred ($Ioooo) dollars
each which stock shall be paid for in
cash of in property, rights and credits
actually received by said corporation
when called for by the board of diree-
tors, provided that no stock shall be is
sued until the consideration therefor
has been received by said corporation.
The said corporation shall begin busi-
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 it's 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 oi
directors Messrs. r. S. Ayers, L. N.
Crisp and A Bodenheim, with Mr. K
Is. Ayers, president; Mr.. L. N. Crisp
vice president, and Mr. A. Bodenheim
secretary-treasuref In case OF am
vacancy occurs in the board of direc.
tors as hefeinbefore named prior to thu
expiration of the term, such vacancy
shall be filed by the vote of the remain
ling directors of said corporation. Tht
| said officers and directors shall holt
| Office until January 10, 1911, or unit
their successors are duly elected and IN
stalled, which election shall take place
on said date and annually thereafter
Notice of the election of directors shal
be given by ten (1o) days prior motto
published in one Of the newspaper
published in said parish The board o
directors shall appoint one or NOR
stockholders to preside at such election
| At all elections and stockholders meet
ings each stakeholder shall be entities
to one vote for each share Of stock reg
istered on the books of the corporation
in his name. Votes may be cast in per