The Caucasian. (Shreveport, La.) 1900-192?, 1913-06-29

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 CT
own timber, timber contracts ana
all kinds of timber; to own. whether
bv purchase or otherwise. both rea
and personal property, Wlth til'
right to dispose OF and sell WItii}h
the direction of its board # lirec-
tors: to do a general merchaud s.
business ana perform each az"
every thing necessary IN carrying
kout a general saw m'll business Z.
Fother purposes conferred on jh"
Icorporations of similar kind by l.
| statutes Of the State of LOUISIANA.
ARTICLE III.
The capital stock of this corpora
| ton is hereby fixed at the sum %
$3.50. 10000 divided into fifteen hun
dred shares at the par value OF one
hundred $4,000 dollars each, to be
paid for in cash or services rendered
or property transferred, subject to
the approval of the board of. dlrec-
tors, and all stock issued shall b.
| fully paid and worcestershire. l.
| shall commence business whenever
ten thousand (siO,000oOl dollars OF
its capital stock is subscribed and
paid for in full.
ARTICLE ".
| The affairs of this corporation
| shall be managed and controlled by
a board Of directors of not less than
three or more than seven stock
holders: but until otherwise ordered
bv the board Of directors. five stock
holders of this corporation to Dc
lelerted annually on the first Monday
in JULY of each year and who sha'
hold their office for one year or I'M
It'll their successors are elected OIL
installed and until the election OF
the board of directors in July 1914
the following shall constitute tn
board Of directors Of this corpora
ton: H. NJ. McIver, who shall Dc
Ipresident: f. w. Hamiter who shall
be vice president: j. L. Dodson, who
shall be secretary; w. H. Dye, VINO
lshall be treasurer; and A. II. Ham
tier The said board of directors
shall have the right or authority tC
employ and discharge such otfiel
agents. clerks or employees and othel
necessary employees as may be nee
essary, and shall likewise have au-
thoritv to fill all vacancies in sucf
Hoard and elect additional director;
should it determine to increase tn
members from five to seven or DC
, crease from five to three, and gen.
. erally shall have authority to exer-
else all the rights and powers O.
/ this corporation under the laws o
, Louisiana
ARTICLE v.
: No stakeholder shall be liable OF
r account of any obligation of thi
t corporation in any further sum thar
: the amount of the unpaid balanc
on the stock subscribed for, and NJ
} lirregularity nor any informally Il
Organization shall have the effect 0
: rendering this charter null or Vol
4 OF any liability beyond any sue
2 unpaid balance.
ARTICLE vi.
This charter may be amended lex
cept as to increasing or decreasln
of it's capital stock by two-third
vote of the stock represented at
meeting of the stockholders con
vened for that purpose after a te7
days notice has been given, as abov
described. Whenever this corpora
ton is dissolved by limitation Q
: otherwise its affairs shall be llqul
dated by two commissioners electe
at stockholders meeting who sha
4 have full power to wind up It's a.
fairs and settle its indebtedness.
In testimony of which the sal
above parties have affixed their sig
natures, together with the under
l. signed competent witnesses, on tn
the 2ist day Of June 1918.
H. NJ. NEWER,