The Caucasian. (Shreveport, La.) 1900-192?, 1911-01-08

| competent Witnesses, That aVa1l1ng theIn-
selves of the laws of the State of Louis
lana, they do hereby organize themselves
into and create corporation, and adopt
the following articles as the charter
thereof to govern themselves and such
others as may become associated with or
succeed them.
ARTICLE I.
| The name and title of said corpora
ton is THE OIL FIELD LUMBER
COMPANY.
ARTICLE II.
It's domicile is declared to be in the
City of Shreveport, Parish of Caddo,
State Of Louisiana.
ARTICLE III.
The duration of said corporation shall
be a period of ninety-nine years from
the date hereof.
ARTICLE ~.
The purposes for which said corpora
! ton is established and the nature of the
business to be carried on by it are To
operate and maintain lumber yards at
Mooringsport, Louisiana, and other
places in Louisiana, as may be deemed
advisable; to retail and wholesale tim
Der, lumber, ties, slaves and such other
wood products that may be manufac-
tured; to manufacture, buy sell, lumber,
.to buy, build, and operate saw and plan
ing mills, plants railroads, telegraph and
telephone lines, to conduct a general
merchandise business, and to do all
things connected with or incident to any
Ter all of said purposes.
ARTICLE V.
Every citation or other legal process
shall be served upon the president, and
in his absence on the secretary treasurer,
ARTICLE VI.
The amount of capital stock of this
corporation, which this corporation is
authorized to issue is ten thousand dol
lars ($Io,ooo.oo) divided into two hun
bred Shares of the par value of fifty dol
lars $4,000 each. This corporation is
authorized to commence business as
such when one hundred and twenty
(I2o) shares of its capital stock shall
have beer subscribed and paid for No.
certificate of stock shall be issued until
full payment is made therefor, which
may be by money, property, services or
any other valuable consideration moving
to said corporation; and a resolution of
the board Of directors of this corpora
ton that the consideration given for any
stock is fair and adequate shall be con
elusive evidence that it is such but no
stock shall Be issued for less than the
par value thereof. The remaining stock
shall be placed on the market at such
times and in such blocks as the major
ity of the stockholders deem for the best
interests of the corporation, the existing
stockholders in all cases being allowed
sixty days within which to purchase the
same at par in the proportion of their
holdings by preference over all other
purchasers.
ARTICLE VII.
The board Of directors of this corpor-
alton shall be composed of not less than
three stockholders, who shall be elected
at each annual meeting of the stock
holders for the ensuing year; the board
of directors shall have authority to adopt
a set of bylaws for the regulation of
the business Of this corporation, to
adopt a corporate seal, to hypothecate
or dispose of any portion Of the prop
erty of said corporation for such CON
sideration and on such terms of pay
me1t as it may deem advisable to direct
and control the officers and employees of
the corporation; to pass all rules and
regulations which it may deem necessary
for the conduct Of the affairs Of said
corporation; and to vest in a general
manager by resolution all or any part of
the powers given by this charter to the
board of directors.
ARTICLE VIII.
The officers of this corporation until
the first annual meeting of the board of
directors on the first Monday in Feb
ruary 1911 are B. H. Boliilger, presi-
dent S. II. Bolinger, vice president; B.
B. Terry, secretary treasurer, who shall
constitute its first board Of directors At
the end of their term of Office the of
fcers of said corporation shall BE- elected
by the board of directors. The regular
annual meeting of the stockholders shall
be held on the first Monday in February
of each year.
ARTICLE TX.
No stakeholder of this corporation
shall ever be held liable or responsible
for the contracts or faults thereof in
any further sum than the unpaid ball
ance due the company on the shares Of
stock subscribed for or owned by him
nor shall any mere infofmality in or
ganization have the effect of rendering