The Caucasian., 1913-07-20
{. CHARTER ! 4 !. / !.
Of the Spring Bank Lumber Com
pany.

H
State Of Louisiana, Parish of Cad
do: Before me, S. O. Williams, dep
uty clerk and ex-officio deputy re-
cordeEnand notary public in and for
The pFish Of Caddo, State Of Louis
lana, duly commissioned and sworn.
on this day came and appeared the
several persons whose names are
herernto subscribed, who decare tn
me notary that they do hereby form
themselves into a corporation under
the laws of the State of Louisiana.
under the folloMing conditions, to-
wit:
ARTICLE t. g
The name aad style of this cor
poration is hereby declared To he the
Spring Bank Lumber Company: it.
shall have the right to enjov success
SION Tor nlnety-nine years. with TIL,
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
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 IT.
The object for which this corpor-
alton is organized and the nature of
the business to be carried on BY it
are declared to be to build, con-
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
mg lumber, etc; to lease, acquire Or
4 own timber, timber contracts and
all kinds Of timber; to own, whether
BY purchase o. otherWisM both real
and personal property, with the
right to dispose Of and sell within
the direction of its board Of direc-
tors: to do general merchandise
business and perform each and
every thing necessary in carrying
out general saw mill business or
other purposes conferred on the
corporations of similar kind by the
statutes Of the State of Louisiana.
ARTICLE III.
The capital stock Of this corpora
]. ton is hereby fixed at the sum of
Sf50, 100000 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 direc-
tors, and all stock issued shall Be
f1llly paid and worcestershire 1t
shall ennlmence business whenever
ten splisand (si0, 100000 dollars Of
It's capital stock is subscribed and
paid for in full.
All IIl1IE v
The affairs of this corporation
shall be managed and controlled BY
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 5to be
elected annually On the first Monday.
in July of each year and who shall
hold their Office for one year or ,lll-
It'll their successors are elected ol..
Installed and. until the selection ct
the board Of directors in July 1914,
the following shall constitute the
board of directors Of this corpora
! tion II. NJ. MeIver,. who shall be /
president; E. w Hamltef, who shall
be vice president; ] d. Dodson, who
shall be secretary; " \. Dye, who
shall be treasurer; and A. 4. Ham 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
necessary employees As may be nee
aessaTy and shall likewise have au-
thority to fill all vacancies IN such
hoard and elect additional direct ofs 7=I's
should 1t determine to increase the
members from five to seven or da-
crease from five to three. and gen
orally shall have authority 70 e1er- f-
else all the rights and poNssArs o.
this corporation under the laws q
Louisiana
ARTICLE v.
No stakeholder shall be liable on 1
account Of any obligation Of this
corporation in any further sum thanI
the amount Of the unpaid balance
Ion the stock subscribed for, and no
,iirregularity nor any informality M
organization shall have the effect Of
s,.an,, r1nrinr tlais charter null or yOlui