The Caucasian. (Shreveport, La.) 1900-192?, 1910-04-24
ARTICLE /.

ARTICLE /.
The name and style of said corpora
ton is THE B. F. CHILCUTT LUM-
Der COMPANY, with its domicile in
the City of Shreveport, in said Parish
and State, and all legal process shall be
served on its president, or in his abb
sence at the Office of said corporation
at its domici1e; and under its corporate
name it shall have the authority to sue
and be sued, and the president shall
have authority to institute all legal pro-
ceedings necessary; it shall have au-
thority to adopt and use a corporate
seal and the same to break or change
at pleasure.
ARTICLE II.
The purpose for which this corpora
tioneis established and the nature of the
business to be carried on by it are here
by declared TO be to buy and sell timber
and timber lands; to buy and sell lum-
Der at wholesale; to buy and sell lufn-
Der on commission; to buy, build and
operate saw and planning mills, rail
roads, tramways, and to conduct gen
eral merchandise business. and TO do
any and all things connected with or in
cident to any or all of its purposes.
ARTICLE III
The capital stock of this corporation
is. hereby fixed at ten thousand dol
dars ($Io,ooo.oo) divided into one hun
dred shares of one hundred .e$Ioo) dol
lars each, which shall be paid for in
cash, or by the transfer Of property or
labor performed, as may be approved
BY its board of directors and a resolu-
ton Of the board of directors of this
corporation that the consideration given
fsr any stock Is fair and adequate shall
conclusive evidence that it is such.
II shall commence business whenever
three thousand $4,000 dollars of its
capital stock is subscribed for, and all
stock issued by it shall be non-assess-
able. The balance OF the capital stock
shall not be sold or disposed Of except
By resolution Of the board Of directors,
ARTICLE ".
The affairs of this corporation shall
be managed and controlled by board
of directors consisting Of three stock
holders who shall be elected at a stock
holders meeting held in the office of the
company on the first Monday in April
Of each year by the stockholders at a
meeting called for that purpose, each
share of stock owned and controlled
shall be entitled to one vote, whether
cast in person or BY written proxy, and
IN all meetings Of the stockholders a
majority of the stock represented at
said meeting shall control Until the
election shall be held in April 1917, the
following persons shall constitute the
board OF directors of this corporation
viz: B. +. Chilcutt, E H. Chilcutt and
E. r. chilcutt, with B. F. Chilcutt as
president; E. II. Chilcutt as vice presi-
dent, and E. r. Chilcutt as secretary
treasurer, who shall hold Office until
their successors are elected and quail
fed Any vacancy occurring in the
board of directors shall be filed by the
remaining members or member of said
board of directors for the unexpired
term: whenever a board of directors is
elected it shall meet Immediately and
elect from among its members a presi
dent, vice president and secretary-treas
urer.
ARTICLE Y.
The board Of directors shall have au-
thority to adopt a set Of bylaws for the
regulation of the business Of this com
pany. to hypothecate, mortgage, pledge
or dispose Of any portion Of the prop