St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1914-09-19
CHARTER
of the
CDNEY BROS. LUMBER COMPANY,
INCORPORATED.


United States of America, State of
Louisiana. Parish of st.
Tammany.
Be it known that on this the sth
day of September, A. D., 1914, be-
fore me, Thos. NJ. Burns, a Notary
Public, duly commissioned and sworn
in and for the parish of st. Tammany.
State of Louisiana, therein residing,
personally came and appeared the
persons whose names are hereuntO
subscribed, who declared that avail
ing themselves of the laws of the
State of Louisiana, relative to the
organization of corporations, they
have covenanted and agreed, and Dy
these presents do covenant and agree,
bind and form and constitute them
selves, as well as such other persons
who may hereafter join or become
associated with them, into a corpora
ton and body polite in law, for the
objects and purposes, and under the
agreements and stipulations follow
ing, to-wit:
ARTICLE /.
The name and style of this cor
poration shall be the COney Bros.
Lumber Company, Inc., and under
that name it shall have and enjoy all
rights and privileges granted by law
to corporations; it shall exist for q
period of ninenty-nine years from
this day; it shall have power to con-
tract, sue and be sued, In its cor
porate name; to make and use cor
porate seal, and the same to alter at
pleasure; to hold, receive, purchase,
convey, mortgage, hypothecate or
pledge, property, both real and per-
sonal; to issue bonds, notes and other
obligations; to have and employ such
managers, directors, officers, agents
and other employees as the interests
and convenience of said corporation
NAV require; and to make and es-
tablish such bylaws, rules and regu-
lations for the proper management
and conrol of the affairs OF the cor
poration as may be reasonable ana
expedient.
ARTICLE II.
The domicile of said corporation
shall be in the town OF Covington,
parish Of ST. Tammany, State OF Lou
isiana; all citations and other legal
process shall be served on the presl-
dent and in his absence on the secre-
tary-treasurer.
ARTICLE III.
The objects and purposes for which
this corporation is established and the
nature of the business to be carried
on by it are declared to be: To con-
struct, operate and maintain saw
mills, single mills, wood mills, plan
ing mills, logging railroads, roads
and bridges; to purchase, mortgage,
lease and sell lands and timber; to
make, buy and sell pfling, poles, cross
ties and other kinds of timber; to
construct and operate turpentine
stills and retort plants; to manufac-
ture brick, tiles, etc.; to operate
stores and commissaries, and gener,
ally to do and perform any and all
acts and things pertaining to the
business above enumerated, connect
ed Herewith or arising therefrom, IN
this State, and elsewhere.
ARTICLE ".
The capital stock of this corpora
ton is hereby fixed at the sum of
ten thousand ($1O,000) dollars, di-
vided into and represented by One
hundred (1OO) shares Of stock Of the
par value Of one hundred ($1OO) dol
lars each, which shall be paid for IN
property; all of said stock shall be
common stock.
That this corporation shall be a
going concern when ten thousand
(s1O,O0O) dollars of its capital stock
is actually paid for. All shares of
stock shall be full paid and non-as-
sessable, which capital stock may be
increased to a sum not to exceed fif-J
teen thousand ($15,000) dollars, in
which event the person holding stock |
at the time shall have the right to |
take shares OF the additional or in
creased stock, proportionate to the
OF shares owned by him, and
any shares not taken at the expira-
ton of said period may be disposed
of by said Board Of Directors, for the |
benefit Of the corporation at not less
than their par value. No transfer OF
stock shall be binding upon the cor
poration unless recorded upon the |
books.
ARTICLE v.
All the corporate powers OF this
and the management and
control of its affairs shall be vested
in and exercised by a Board of Dr.
rectors composed of three 60 stock
holders, a majority of whom shall
constitute a quorum for the trans
action Of all of the business. The
directors shall be elected annually, !
by ballot, by the stockholders, on the
second Tuesday in January OF each
year. Each person shall be entitled
In person or by proxy to a vote for /
every share owned by him, and all /
elections shall be held under such
rules and regulations as may be de,
termined by the Board of Directors,
the Directors thus elected shall con-
tinue in Office for one year, or until
heir successors have been duly elect
ed and qualified. No failure to elect
shall be regarded as a forfeiture Of
his charter. Any vacancy occurring
IN said Board shall be filled by the
remaining directors for the unexpir-
I'd term.
The Board of Directors, shall, at
s first meeting after its election,
out of its number presi-
lent, vice president and secre-
said Board shall have
he right to divide the Office of secre-
AIRY and treasurer and may elect
secretary who need not be a stock /.
lolder, but whose tenure of. Office
hall be during the pleasure of the
Board. And said Board shall have
he right to appoint and dismiss the