The Caucasian., 1912-04-11
CHARTER
OF the Monarch Lumber Company


do: Be it known that this day be-
fore me, Robert A. Grain, notary
public, duly commissioned and sworn
in and for the Parish of Caddo, State
of Louisiana, personally came and
appeared S. R. Zagst, G. A. Morse
and T. A. Zagst, residents of the
above State and Parish, who declar-
ed that, availing themselves of the
laws o fthe State Of Louisiana rela-
)tiVe to corporations, they have
| formed and constituted themselves,
as well as such other persons as may
hereafter be associated with them
into a body corporate, and they have
adopted as their charter the follow
| ing act of incorporation.
ARTICLE /.
The name and title of said cor
IpOratiOn shall be Monarch Lumber
Company, and its dOmilcile is hereby
Established at Oil City in the Parish
Of Caddo. State of Louisiana, and
under its corporate name shall eX-
ist and continue for a period of
Inlnety-nine years, unless sooner dis
solved in accordance with the sti-
puIations of this charter.
ARTICLE ii.
The object and purpose for which
this corporation is organized and
the nature of the business to be
carried on by it are declared to be
to buy and sell lumber and lumber
products, and to buy and sell a gen
eraI line of builders material, and
incidentally to said business to own
and operate such plants and ma,
chinery necessary for the successful
conduct of said business land to. ac-
quire such real and personal pro-
perty as may be necessary there
for, and the same to dispose Of,
mortgage, pledge or assign as may
be deemed necessary.
ARTICLE III.
The capital stock of This corpor-
alton shall be Fifteen Thousand
$i5,00000l Dollars, divided into and
represented by one hundred and fiji
ty shares of one hundred dollars
each, which said stock shall be paid
for in cash at the time of subscrip-
ton, or the same may be ISSUED at
not less than par, in payment or
exchange for property or rights ac
tually received or purchased by
the said corporation, and for such
other valuable consideration as the
directors may determine, and it
shall commence business as soon as
six thousand ($6o000O) dollars of
the capital stock shall have been
subscribed for.
ARTICLE ".
The corporate powers of this
corporation shall be vested in and
exercised by a board Of directors
consisting of three stockholders,
who shall be elected at a stockhold-
|ers meeting to be held at the office
of the company in Oil City, Caddo
Parish, Louisiana on the first Mon
day Of March each year, who shall
mold their office until the elction
|0f their successors as above pro
vided The following persons shall
constitute the first board of direc
tors and officers of the company,
viz: S. R. Zagst, President; t. A.
Zagst, Vice President: and G. A.
Morse, Secretary and Treasurer who
shall hold their offices until the
above election above provided for
on the first Monday in March, 1918.
The board of directors shall hau
the power to fill vacancies in their
number from the stockholders of
The Company, and they shall have
the power to frame and adopt such
rules and bylaws as they may deem
proper and necessary for conduct
ing said business, and to appoint
such agents, managers and clerks or
other employees as may be deemed
proper and necessary; to fix their
salaries, with power to discharge at
pleasure, and they shall have the
power to fix the salaries of the res
oective officers provided herein.
ARTICLE v.
This chartr may be amended, al
tered or changed, the capital stock
increased or decreased, or it may
be dissolved at a meeting of the
stockholders held for such purpose,
with the assent of threefourths of
the capital stock whether present
at such meeting or not; in case OF
dissolution of this corporation, for
any cause. the liquidation of its af-
fairs shall be conducted by three
commissioners, selected from the
stockholders, who shall be selected
|at meeting held for that purpose
as above. who shall continue in of
| flee until the final liquidation.
In all stockholders meetings each