The Caucasian., 1912-04-18
CHARTER
OF The Monarch Lumber Company

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IpubIiC, duly commissioned and sworn
i'll and for the Parish of CaddO, State
of Louisiana, personally came and
| |aPprarDd $. II. Hagst, G.. A. Morse
ami 7. A. I0gSt, residents of the
above STATE and Parrish who declar-
ed that, avaiIing themselves of the
laws o Ithc State of Louisiana rela,
live to corporations, they have
formed and constituted themselves,
as we'll as such other persons as may
hereafter be associated with them
into a body corporate, and they have
IadOptcd as their charter the follow
ling act Of Incorporation.
ARTICLE |.
The name and title of said cor
Ip0ralion shall be Monarch Lumber
Company, and its dOmiICiIG is hereby
establishcd at Oil City in the Parish
|Of CaddO. State of Louisiana, and
under It's corporate name shall eX-
| iSt and continue for a period of
Inincty-ninc years, unless sooner dis
solved in accordance with the sti-
IpulatiOns 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 gen
lrraI line Of builders material, and
incidentally TO said business to own
and operate such plants and ma
Ichinery 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 1T.
The capital stock OF this corpor-
alton shall be Fifteen Thousand
,Si5,0 100000 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 ($6,000.00l 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-
lers meeting to be held at the office
Iof The company in Oil City, Caddo
Parish, Louisiana on the first Mon
| day Of March each year, who shall
| hold their office until the elctlon
lof their successors as above pro
lvided. The following persons shall
constitute the first board of direc
ltors and officers of the company,
viz: S. R. zagst, President; T. A.
lZagst, Vice President; and G. A..
Morse, Secretary and Treasurer who
Ishall hold their offices until the
above election above provided for
on the first Monday in March, 1918.
THE board of directors shall haW
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
lrules and bylaws as they may deem
proper and necessary for conduct
ling said business, and to appoint
such agents, managers and clerks or
lother 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
pective officers provided herein.
ARTICLE Y.
This chartr may be amended, al
ltered or changed, the capital stock
Increased or decreased, or it may
lbe dissolved at meeting OF the
IstockholGers held for such purpose,
with the assent of three-fourths OF
1.-THE capital stock whether present
lat such meeting or not; IN case oil
dissolution Of this corporation, for
ANY cause. the liquidation OF Its al
fairs shall be conducted by three
commissioners, selected from the
stockholders, who shall be selected
|at d meeting held for that purpose
las above, who shall continue in Of
lfice until the final liquidation.
| In all stockholders meetings each
lstockholders shall be entitled to one
n n