The Caucasian. (Shreveport, La.) 1900-192?, 1910-04-10
CHARTER
OF THE B. F. CHILCUTT LUMBER
COMPANY.

State OF Louisiana, Parish OF Caddo
Be it remembered that on this the and
day of April in the year of Our Lord one
thousand nine hundred and ten (IoIo),
before me, r. A. Blanchard, a notary
public in and for the Parish of Caddo,
State of Louisiana, duly commissioned
and qualified, personally came and ap-
peared the persons whose names are
hereunto signed, each of whom declared
unto me in the presence of the under
signed attesting witnesses, that availing
themselves of the laws of the State of
Louisiana relative to the formation of
corporations, they do hereby organize
| themselves, their successors and ali 9TH
ers that may hereafter associate them
selves herein, into and create corpora
ton, and do hereby adopt the following
ern themselves and such others as may
become associated with them or who
may succeed them
ARTICLE I.
| 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 domicile 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 corporate
seal, and the same to break or change
at pleasure
ARTICLE II.
The purpose for which this corpora
ton is 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 lun-
Der at wholesale; to buy and sell lum-
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 ($Io,ooo.oo) divided into one hun
dred shares of one hundred ($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 resou-
ton of the board of directors of this
corporation that the consideration given
for any stock is fair and adequate shall
be conclusive evidence that it is such.
It 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 W.
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 1oI1, the
following persons shall constitute the
board of directors of this corporation,
viz: 3. F. Chilcutt, E. H. Chilcutt and
E. R. Chilcutt, with B. F. Chilcutt as
president; Z. Fl. Chilcutt as vice presi-
dent, and E. R. Chiicutt as secretary
treasurer, who shall hold office until
their successors are elected and quail
ned. Any vacancy occurring in the
board of directors shall be filled by the
remaining members or member of said
board of directors for the unexpiredI
term; whenever 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 v.
The beard of directors shall have au-
thority to adopt 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
erty of this corporation for such CON
sideration and upon such terms of pay
ment as it may deem advisable, to direct
and control the officers and employees of
the corporation, to pass all rules and