The Caucasian. (Shreveport, La.) 1900-192?, 1913-07-06
CHARTER
OF the Spring Bank Lumber Com
pany.

Edo: Before me, S. 0. Williams, dep
uty clerk and ex-of1icio deputy re-
corder and notary public in and for
the Parish Of Caddo, State of Louis
lana, duly commissioned and sworn
on this day came and appeared the
several persons whose names are
llereunto subscribed. who declare tt
me notary that they do hereby form
themselves into corporation under
The laws of the State of Louisiana,
under the following conditions, to-
wit:
ARTICLE I.
The name and style of this cor
Eoration is hereby declared to he the
Spring Bank Lumber Company; II
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
al 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.
ARTTCT n TT
The object for which this corpor-
alton is organized and the nature o!
the business to be carried on by it
are declared to be to build. con-
struct, own, operate saw and plan
ing mills. single 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 O general merchandise
business and perform each and
every thing necessary in carrying
out d 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
st5O,00oO0 divided into fifteen hun
dred shares at the par value of one
hundred (sI0000) dollars each, to be
paid for in cash or services rendered
or property transferred, subject to
the approval Of the board Of diree-
tors, and all stock issued shall be
fully paid and worcestershire. It
shall commence business whenever,
ten thousand (siO,00000) 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
by the board Of directors, five stock
holders of this corporation to be
elected annually on the first Monday
in July of each year and who shall
hold their office for one year or UNI
til their successors. are elected OF
installed and until the election OF
the board Of directors in July 1914.
the following shall constitute the
board Of directors Of this corpora
ton: +. NJ. McIver. who shall be
E. W Hamiter, who shall
be vice president; j. Z. Dodson, who
shall be secretary; w. II. Dye, who
shall be treasurer: and A. H. 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
employees as may be nec7
essary, and shall likewise have au-
thority to fill all vacancies in such
board and elect additional directors
should it determine to increase theI
members from five to seven or de-
crease from five to three, and gem
orally shall have authority to exer-
else all the rights and powers Of
This corporation under the laws OF
Louisiana
ARTICLE Y.
No stakeholder shall be liable Oh
account Of any obligation Of this
in any further sum than
the amount of the unpaid balance
on the stock subscribed for. and no
nor any informally III
shall have the effect of
This charter null or yDidt