The Caucasian. (Shreveport, La.) 1900-192?, 1912-03-12
CHARTER
OF the Monarch Lumber Company

III ana LOT me al 1911 " N1''oO'' ~
Of Louisiana. personally came and
$. H. Zagst, G. a. Morse
and T. \. Zagsl. residents of the
above State and Parish, who declar-
ed that, awaiting themselves OF the
laws O fthc State of Louisiana rela-
five 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 I.
The name and title of said cor
poration 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 period of
Inipetv-nine years, unless sooner dis
solved in accordance with the sti-
pulations of this charter.
ARTICLE ii.
The object and purpose for which
| this corporation is organized and
Ithe 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 gen
Ipral 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 &C
uuire such real and personal pro-
perry as may be necessary there
flor, and the same to dispose of,
mortgage, pledge or assign as may
| be deemed necessary.
ARTICLE III.
The capital stock of this corpor-
Iation shall be Fifteen Thousand
| ISi5,0O0.O0) Dollars, divided into and
Represented by one hundred and fiji
Ity shares of one hundred doilaIe
leach, which said stock shall be paid
flor in cash at the time of subscrip-
ltion, or the same may be issued at
not less than par, in payment or
Exchange for property or rights ac-
Itually received or purchased by
1.-The said corporation, and for such
Iother valuable consideration as the
directors may determine, and it
lshall commence business as soon as
six thousand (S6,O0000) dollars OF
the capital stock shall have been
subscribed for.
i ARTICLE ".
!, The corporate powers Of this
Incorporation shall be vested in ane
Exercised by a board Of directors
consisting of three stockholders
lwho shall be elected at a stockhold-
ars meeting to be held at the office
lof the company in Oil City, Cadde
Parish, Louisiana on the first Mon
lday of March each year, who shall
, hold their office until the elctioI
Of their successors as above pro
sided. 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 fol
!, On the first Monday in March, 1913
!. The board of directors shall haW
] the power to fill vacancies in theil
7 number from the stockholders OF
the Company, and they shall have
4 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 OF
other employees as may be deemed
proper and necessary; to fix tffeil
: salaries, with power to discharge a
pleasure, and they shall have the
power to fix the salaries of the res
lpective officers provided herein.
J. ARTICLE V.
j This chartr may be amended, al
: tered or changed, the capital stool
4 Increased or decreased or it ma!
: be dissolved at a meeting of thu
e stockholders held for such purpose
with the assent of three-fourths O
the capital stock whether presen
!, lat such meeting or not; in case o
dissolution of this corporation. TO
any cause, the liquidation of its at
fairs shall be conducted by tire,
: commissioners, selected from tn
: stockholders. who shall be selecte,
lat meeting held for that purpos,
las above, who shall continue in OF
lfiee until the final liquidation.
In all stockholders meetings eacl
stockholders shall be entitled to on
iSaie for each share of stock owne,
d lhy him, which vote may be cast b,
! proxy: notice of all stakeholder