St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1911-10-28
CHARTER
of the
LOUISIANA LAND & TIMBER
COMPANY.
UNITED STATES OF AMERICA.
State of Louisiana

Louisiana, and in the presence OF
the undersigned witnesses, person
ally came and appeared the several
persons whose names are hereunto
subscribed, residents of the parish of
St. Tammany, who severally declar-
ed that, availing themselves OF the
laws of this State, in such cases
made and provided, they have form
ed and organized, and by these pres
ents do form and organize them
selves into a corporation and body
corporate, for the objects and pur-
poses following, to-wit:
ARTICLE I.
The name and style of this cor
rnration shall be
LOUISIANA LAND & TIMBER
COMPANY,
and it's domicile shall be at Coving-
ton, St. Tammany parish, Louisiana.
It shall exist for the term of ninety
nine years from the date hereof,
and by that name sue and be sued,
and contract, and enjoy any and all
rights, privileges and powers con-
ferred by the laws of the State OF
Louisiana.
ARTICLE II.
The objects and purposes for
which this corporation is established,
and the nature of the business to be
carried on by 1t, are to buy, sell,
lease and deal in real estate and tim
Der, and turpentine leases and Oil
leases and other leases of land, to
buy or construct buildings and to
sell or rent them, to manufacture
and deal in turpentine and naval
stores and by-products of wood and
other substances, to operate saw
mills, to engage in mercantile bust
ness, to operate railroads, tram
roads, barges and other vessels in
connection with the carrying on of
its business, and generally to engage
in any operations of the business
above mentioned.
ARTICLE III.
The President, or in his absence
or inability to act, the Vice-Presi-
dent, or in case of his absence or in
ability to act, the Secretary shall be
the proper person uqon whom all
citations or legal process shall be
served.
ARTICLE Nv.
The capital stock of this corpora
ton is hereby fixed at the sum OF
Two Hundred and Fifty Thousand
Dollars ($25O,00O.00) divided into
two thousand five hundred shares
at the par value of One Hundred Dol
lars each. Said shares of stock
shall be paid for by the subscribers
thereto as shall be required by the
Board of Directors, and the stock
may be issued in payment of prop
erty acquired by the corporation OF
in compensation for services render
ed, but in no case shall any of the
stock be sold or disposed of for less
than par value. This corporation
shall be authorized to begin its bust
ness as soon as Five Thousand Dol
lars of the capital stock shall have
been subscribed for.
| ARTICLE v.
All the powers of this corporation
shall be vested in a Board of Direc
tors composed of not less thar
three stockholders. They shall b.
elected on the first Monday OF DC
tober in each year, commencing
with the year 1912, at a genera
meeting convened for that purpose
after ten days previous notice il
writing to each stakeholder ownin,
stock standing in his name on tn
books of the corporation, and unit
such time the following stockhold
ers are hereby named as the frs
Board of Directors, and who shall
hold their office and exercise thei
functions until their successors ar
elected, viz: James S. Jones, Johl
P. Rausch and T. C. Adams, o
whom James S. Jones shall be pres
ident, John P. Rausch Vice-Presi
dent and Treasurer, and T. {
Adams Secretary.
One director may fill any two O
such offices except the offices G
President and Vice-President.
The election OF the Board OF Di
rectors shall be by ballot, and eac
stakeholder shall be entitled to on
vote, either in person or by proxy
| for each share of stock owned b
him, and a majority of the vote
cast shall elect. The Board OF D.
rectors shall immedia tely after thei
election, elect from their number
President, a Vice-Pre sident, a Secre
tary and a Treasurer.
The said Board of Directors sha
elect and employ any and all en-
ployees, managers and clerks of tn
corporation they may deem neces
sary for the proper conduct of il
business, and may fix their comper
sation, and remove ,,r dismiss thel
at pleasure.
| ARTICLE VI.
This charter may be amended c
altered by the stockholders, at gel
eral meeting convened for that pu1
pose, after ten days written motto
to each stakeholder; or this corpors
ton may be dissolved with the a.
sent of two-thirds of the capt.:
stock represented at such meeting
In case of dissolution, the affairs {
the corporation shall be closed an
liquidated, as rapidly as possible. b
two or three liquidat ors, appointe
or elected by the ste 'ckholders {
such meeting. The ca .pital stock {
this corporation may be increase
or diminished in acc ordance wit
the laws of the State of Louisian
on the subject of altes ring the cap
tai stock of corporate ms.
ARTICLE VII.
The subscribers Iaer eto have r
spectiyely stated oppos lite their si
natures the number of shares of tt
capital stock subscribed to by the
respectively, constitu ting these pre-
ents the subscriptio list made !
the incorporators for the purpose
organizing this corp oration.
ARTICLE Wiz.
!. No stakeholder sl1 all be liable
responsible for tn contracts I
faults of this corpora ton in any FIJI
ther sum than the unpaid balan
due tho I'll