St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1911-10-21
CHARTER
of the
LOUISIANA LAND e TIMBER
COMPANY.
CHARTER
UNITED STATES OF AMERICA,
State of Louisiana

and eleven, before me, BENJAMIN M.
Miller, a notary public, duly ap-
pointed and qualified, in and for
the parish of st. Tammany, State of
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-Hit:
ARTICLE I.
The name and style of this cor
roration shall be
LOUISIANA LAND & TIMBER
COMPANY.
ard 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
ehts, 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 it, 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 ($250,000.00) 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 or
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.
ARTICL.ELV.-
an the powers OF this corporation
shall be vested in a Board of Direc-
tors composed OF not less than
three stockholders. They shall be
ele cted on the first Monday of Oc-
tober in each year, commencing
with the year 1912, at a general
convened for that purpose,
after ten days previous notice in
writing to each stakeholder owning
stock standing in his name ON the
books of the corporation, and until
such time the following stockhold-
ers are hereby named as the first
Board of Directors, and who shall
hold their office and exercise their
functions until their successors are
elected, viz: James S. Jones, John
P. Rausch and T. C. Adams, of
whom James S. Jones shall be pres
dent, John P. Rausch vice-Presi-
lent and Treasurer, and r. C.
Adams Secretary.
One director may fill any two of i
such offices except the offices of
President and Vice-President.
The election of the Board of Di-
'ectors shall be by ballot, and each |
'tockholder shall be entitled to one
'ote, either in person or by proxy,
or each share Of stock owned by
lin, and majority of the votes
asst shall elect. The Board of Di-
ectors shall Immediately after their
lection, elect from their number a
President, Vice-President, a Secre-
airy and a Treasurer.
The said Board of Directors shall
lect and employ any and all en-
toyees, managers and clerks of the
orporation they may deem neces-
ary for the proper conduct of it's
usiness, and may fix their compen-
t pleasure.
ARTICLE vi.
This charter may be amended or
TERED by the stockholders, at a gen.
raj meeting convened for that pur-
ose, after ten days written notice
, each stakeholder; or this corpora
on may be dissolved with the as
ert of two-thirds of the capital
Jock represented at such a meeting.
4 case of dissolution, the affairs of
he corporation shall be closed and
quidated, as rapidly as possible by
vo or three liqufdators, appointed
elected by the stockholders at
lch meeting. The capital stock of ]
lis corporation may be increased
r diminished in accordance with
lie laws of the State of Louisiana
the subject of altering the capt.
/ stock of corporations.
ARTICLE VII.
The subscribers hereto have re-
stated opposite their sig-E
ltures the number of shares of the
pitaf stock subscribed to by them c
spectively, constituting these pres-f
It's the subscription list made by I
e incorporators for the purpose of $
ganizing this corporation.
ARTICLE VIII. I