The Natchitoches enterprise., 1913-12-11


conduct a general saw mill and plan
ing mill business, and tor these pur-
poses to own, construct and operate
tram roads and appurtenancees. loco
motive, cars and other vehicles fol
transportation. to own and operate
logging teams and Appliances; to
own and operate saw mills. planning
mills and all fixtures and appurten-
ances, and to own, conduct and oper-
ate commissary and all usual ap.
plicances and machinery necessary tC
the conduct of its business and at
fairs.
ART. ~
The corporation should have power
to sue and be sued: to plead and tc
be- implicated; to contract and be con.
tracted with; to buy. to own and tc
sell both real and personal property
to mortgage, pledge and to hypothe.
cate its property; to borrow money,
all as may be determined by its Boaro
of Directors; and generally have power
and authority TO do and perform any
and all things authorized and per
mitted under the laws to such bodies
corporate.
ART. V.
The affairs of this corporation, its
property and business, shall be man.
aged by a Board of Directors to be
composed of three stockholders, who
shall be elected annually on the First
Monday of December of each year
and who shall hold their Office for q
a period of One Year, or until theil
oro 1lootad md noaliHod
provided that any vacancy occurring
on said Board from death or other
wise, shall be filled by the remaining
members Of the Board for the unex
pired term, The first Board of Uirec'
tors shall be Paul NJ. Potts, who shall
Qe President A. M. Russ who shall be
Vice President and R. H. Potts who
shall be Secretary-Treasurer, and they
shall hold their respectiue offices un
I'll the first Monday in December
1914, or until their successors are ell
ected and qualified. Two members oil
the Board of Directors shall consti
tute quorum for the transaction OF
any and all business.
ART. vi.
All meetings of stockholders shall
be held at its office in the Parish OF
Natchitoches. La; each stakeholder
to be entitled to one vote for each
share OF stock registered in his name
Votes may be cast in person or by
written proxy, and at all meetings OF
stockholders a majority Of the stock
present or represented and voting
shall control. Ten days notice shall
be given of all stockholders meeting
by written notice mailed to each
stakeholder, provided that where such
notice is not required by law the
the stockholders NAV by unanimous
consent waive, in writing, such no.
tice.
ART. VII
This act of incorporation may be
amended altered or changed or this
corporation may be dissolved, by a
three fourths vote Of the stock cast
at stockholders meeting duly called
for that purpose, after thirty days
printed notice and notice mailed to
each stakeholder as provided by law.
Whenever this corporation is dis
solved, either by vote of its stock
holders or by limitation. its affairs
shall be liquidated by two commits
sionerS elected for that purpose, who
shall be elected by the stockholders,
with such duties and under such
bond as may be prescribed by the
stockholders.
ART. VIII.
The Board of Directors of this cor
poration shall have full, complete and
exclusive power to make and estab-
blish all rules, regulations and bylaws
for its government and the conduc
of its Business, and shall have power
to employ or discharge all agents,
managers and other employees neces-
sary for the proper conduct of its
business and may delegate such DOW
ers possessed by them to one or more
officers of this corporation, or to
other persons.
ART. TX
The undersigned interpretations
subscribe respectively the amounts
of the capital stock and the number
OF shares set opposite their names,
and this subscription is declared to
be in lieu CT the original subscription
list.
ART. X
No stakeholder of this corporation
shall ever be held liable for any great
er sum than the unpaid balance due
on the stock subscribed for by him,
nor shall any informality have the
effect of rendering this charter null
or of exposing any stakeholder to ally
greater liability than the unpaid bal
ance on his stock.
In testimony Of alIHwhich the said
and incorporators have
signed hereto in the presence of
Phanor Breazeale and NJ. e. Prud-
homme both of age and residents Of
this Parish. two competent witnesses,
who sign hereto, together with said