The Caucasian., 1912-04-04
CHARTER
0f the Monarch Lumber Company

do: Be it known that this day be-
fore me, Robert A. Grain, notary
public, duly commissioned and sworn
III and for the Parish of Caddo, State
of Louisiana, personally came and
appeared S. r. Zagst, G. A. - Morse
and 7. A. Zagst, residents of the
above State and Parish, who declar-
ed that, availing themselves of the
laws fthe State of Louisiana rela=
tive TO corporations, they have
formed and constituted themselves,
as we'll as such other persons as may.
hereafter be associated with them
into body corporate, and they have
adopted as their charter the follow
ing act Of incorporation.
ARTICLE /.
The name and title of said cor
poratiOn shall be Monarch Lumber
and its domilcile is hereby
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 sti-
pulations of this charter. q
..- ARTICLE III.
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 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 ,and 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 corpof
alton shall be Fifteen Thousand
<Si5,00000) Dollars, divided into and
represented by one hundred and fif-
ty shares of one hundred dollars
each, which said stock shall be paid
for in cash at the time of subsefip-;
tion, 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 1he,
directors may determine, and il
shall commence business as soon as
six thousand (s6000.G0) dollars of
the capital stock shall have been
subscribed for. .s,..<
ARTICLE ".
The corporate powers of this
corporation shall be. vested inesand
exercised by a board of .directors
consisting of three stockholders,
who shall be elected at a stockholde
ers meeting to be held at thes.office
of the company in Oil City, Gadde
Parish, Louisiana on the first Mon.
day of March each year, who shall
hold their office until the elction
of their successors as above pro
yided. The following persons shall
the first board of direr4
tors, and officers of the company,
viz: S. R. Zagst, President; T. "A.
|Zagst, Vice President; and 6. A.
Morse, Secretary and Treasurer who
shall hold their offices until the
above election above provided for
on the first Monday in March, 1913.
The board of directors. shall hav,
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 by laws as they may deem,
proper and necessary for conduct
ling 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 al
pleasure, and they shall have the
|power to fix the salaries of the res
|peetive officers provided herein.
ARTICLE v.
This chartr may be amended, al
TERED or changed, the capital stock
Increased or decreased, or il. may
tbe dissolved at meeting OF the
stockholders held for such purpose
with the assent of tnree-fourths .o1
1.-The capital stock whether present
| at such meeting or not; in case OF
dissolution of this. corporation. 1el
iany cause. the liquidation ofsltssaf
| fairs shall be conducted by three
commissioners, selected from tl'
stockholders, who shall be selected
al a meeting held for that purpose
las above, who shall continue IN OF
lflce until the final liquidation.
4 III c4aakhatdarc meetings 5pacf