The Caucasian., 1912-04-16
CHARTER
OF the Monarch Lumber Company

y
|puDIIc, duly commissioned and sworn
in and for the Parish Of CaddO, State
|Of Louisiana, personally came and
:. r. Iagst. G. A. Morse
and r. A. Zagst, residents of the
aboVe State and Parish, who deCIar-
ed that, aVailing themselves of the
laws o fthc State of Louisiana rela
tive to corporations, they have
formed and constituted themselves,
las we'll as such other persons as may
hereafter be associated with them
into body corporate, and they have
'adOptrd as their charter the follow
ing act of incorporation.
ARTICLE |.
The name and title Of said cor
pOration shall be Monarch Lumber
Company, and its dOmilCilc 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
years, unless sooner dis
solved in accordance with the stl-
pulatiOns 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
eral 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-
quirc 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
t$i5, ,00000) 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 ($6,GO0.00 dollars of
the capital stock shall have been
subscribed for.
ARTICLE ".
The corporate powers of this
corporation shall be vested in and
Exercised by board Of directors
consisting of three stockholders,
who shall be elected at a slockhold
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
hold their office until the elction
lof their successors as above pro
pided. The following persons shall
constitute the first board of direc
Itors and officers of the company,
viz: S. R. zagst, President; /. A.
Zagst, Vice President; and G. A.
Morse, Secretary and Treasurer who
shall hold their offices until the
above election above provided for
lon the first Monday in March, 1918.
1.-THE board of directors shall hau
1.-The power to fill vacancies in their
number from the stockholders OF
1.-The Company, and they shall have
| the power to frame and adopt such
lrnles and bylaws as they may deem
Iproper and necessary for conduct
ling said business, and to appoint
lsuch agents, managers and clerks or
lofher employees as may be deemed
lproper and necessary: to fix their
salaries, with power to discharge at
pleasure, and they shall have the
mower To in IfIt =Sdtdi Vi
Ipective officers provided herein.
ARTICLE V.
! This chartr may be amended, al
TERED or changed, the capital stock
Increased or decreased, or it may
lhe dissolved at meeting of the
Stockholders held for such purpose,
/ - r
with the assent of three-fourths OF
1.-The capital stock whether present
Iat such meeting or not; IN case OF
dissolution of this corporation, for
Iany cause, the liquidation Of its af-
lfairs shall be conducted by three
commissioners. selected from the
istockholders, who shall be selected
jat a meeting held for that purpose
las above, who shall continue in Of
lfiee until The final liquidation
/ In all stockholders meetings each
Stockholders shall be entitled to one
i,.,In for each share of stock owned