The Caucasian., 1913-07-27
" u y ii -, - : t--55ai
CHARTER !
or the Spring Bank Lumber Com
pany.

8 90. before me, >. ". Williams, dep
uty clerk and ex-officio deputy re-
corder and notary public in and for
the Parish of Caddo, State of Louis
lana, duly commissioned and sworn,
on this dW came and appeared the
several persons whose names are
hereunto subscribed, who decare to
me notary that they do hereby form
themselves into a corporation under.
. the laWy Of the State Of Louisiana,
under the following conditions, to-
wit:
ARTICLE !.
The name and style Of this cor.
poration is hereby declared TO he the
Spring Banl, Lumber Company: 1t
shall have the right to enjoy success
sion for ninety-nine years. with The
right to contract, sue and to b.
sued, and to hold, purchase, lease,
sell and hypothecate property, both
real and personal. It's domicile shall
be in the City Of Shreveport. State
of Louisiana, Parish Of Caddo, and
all citation and other legal process
E shall be made on its president, and
in his absence on the secretary.
treasurer at the office Of The COM
pany, according to law.
ARTICLE II.
The object for which this corpor-
alton is organized and the nature Of
the business to be carried on by it
a are declared to be to build, con-
H struct, own, operate saw and plan
ing mills, shingle mills and other
mills necessary to the lumber trade;
. to own and operate trans and other
railroads for the purpose Of convey
ing lumber, ETC.; to lease, acquire or
own timber, timber contracts and
all kinds Of timber; to own, whether
by purchase or otherwise, both real
and personal property, with the
right to dispose Of and sell within
the direction Of its board Of direc-
tors; to do a general merchandise
business and perform each and
every thing necessary in carrying
out a general saw mill business Or
other purposes conferred on the
corporations Of similar kind by the
statutes of the State of Louisiana.
ARTICLE III. o
The capital stock Of this corpora
ton Is hereby fixed at the sum Of
ST. sc, 100000 divided into fifteen hum
dred shares at the par value of one
hundred (sIOO.O01 dollars each, to be
paid for in cash or services rendered
or property transferred9 9subject To
the approval Of the board Of diree-
tors, and all stock issued shall be
fully paid and tnon-assessable. Tt
shall commence business whenever
ten thousand (sf000O0o1 dollars of
its yhpital stock is subscribed and
paid 81 = fal''
= ARTICLE ~.
The affairs of this corporation
shall be managed and controlled b.
"a board Of directors Of not less than
three or more than seven stock
holders; but until otherwise ordered
BY the board of directors, five stock
holders OF this corporation To bel
elected annually on the first Monday
in July of each year and who shall
4 held their office for one year Or un-
tilt their successors are elected OF
Installed and until the election OF
the board of directors in July 1914
the following shall constitute thel
board Of directors of this corpora |
n. N. McIver. who shall be
president; q. N. Hamiter, who shall
zsbe vice president; j. u Dodson, who
shall be secretary; ". H. Dye, who
shall be treasurer; and A. =. Ham
tier The said board Of directors
shall have the right or authority TO |
employ and discharge such other
agents clerks or employees and other
snecessary employees as may be nee
essary, and shall likewise have au-
{ illority to fill all vacancies in such
hoard and elect additional directors
should it determine to increase the
Members from five to seven or DEL 81
crease from flve5to three, and gen-
eral shall have uthority to exer-5
oise all the rights and powers @
tllis corporation under#the laws q
I.ollisiana
ARTICLE Y.
stockholde Ter shall be liable on
amount Of any obligation Of this
cooperation iii any further sum than |
the amount of the unpaid balance
IN Che stock subscribed for, and mol
ifrregularity nor any informality in
Organization shall have the effect OF
rendering this charter null or VOID
GIL a e