The Era-leader. [volume] (Franklinton, La.) 1910-current, 1911-05-04

have, purchase, aAenate, Pieoge,
mortgage, hypothecate under said
corporate name, property, real, per-
sonal and mixed; to name and ap-
point such officers, directors, agents,
managers or other employees as the
interest or business OF this corpora
ton may require, and to make and
establish such bylaws, rules, and
regulations, for thu proper manage
ment of it's affairs as it may deem
necessary and proper; and the said
corporation shall hold and exercise all
such powers and privileges as relates
to the objects herein setforth, or that
may be necessary to carry on the
business for which this corporation is
established and which this corpora
ton may be permitted to hold and
exercise under the laws of this State.
ARTICLE II.
The domicile of this corporation
shall be at Clifton, Washington Parish
Louisiana, where all citations, papers
and other legal process shall be served
upon the President, or in his absence.
the Vice President, or in the absence
Of both the President and Vice-Presi-
dent, on the Secretary Treasurer.
ARTICLE III.
The objects and purposes for which
this corporation is established and the
nature Of the business to be carried
on by it, are declared to be: TO pur'
chase, acquire, lease or otherwise own
timber and timbered lands; to pur-
chase lease, own and operate saw
mills, planning mills and single mills
and to purchase, lease, own and
operate all machinery necessary for
the operation of saw-mills, planning
mills and single mills to manufac-
ture of all kinds Of lumber. shingles,
timbers and other products of tlmbers;
to purchase. lease, own and operate
railroads, tram roads and other con-
vevances necessary or incidental to
convey the raw material to their
plant or to remove therefrom the
lumber, shingles or other manufac'
tured material for the purpose of SELL
ling same; to buy, manufacture anc
sell all kinds of lumber, timbers anC
shingles necessary for the carrying or
of this business.
! ARTICLE w.
The capital stock of this corporation
shall be Five Thousand ($500O) Dollars
divided into and represented by Fifty
Shares of Stock at the par value o
One Hundred Dollars eacn; said stool
shall be paid for in cash at the time 0
subscription, or as the same is issued
for not less than par, orin payment o
exchange for property actually re
ceived or purchased by this corpora
ton. or for work or other service
actually rendered.
I Any stakeholder may sell, assign Q
. transfer his stock in this corporation
. by making said transfer on books Q
. of this corporation at its office. Thl
cooperation may commence doin
business and shall become goin
concern as soon as Two Thousan
Dollars of its capital stock has bee
subscribed for, and paid in. Th
board of directors shall have the rigf
to determined how much stock sha
!, be issued after the first Two Thousan
Dollars Of its capital stock shall hay
? been issued.
II ARTICLE V.
i The corporate powers of this col
Iporation shall be vested in and 81
ercised by a board Of directors CON
posed of three stockholders an
their decisions and acts shall bind tn
j.. corporation. The first election of tn
board of directors under this Chartt
: shall be at q meeting of the stool
holders to be held on the secon
Tuesday in January, 1912, and there
after tbs stockholders shall hold
b election and elect board of directo
Y on the second Tuesday in January
each year, who shall serve until the