The Natchitoches enterprise. (Natchitoches, La.) 1888-1965, 1914-01-01


in his absence on its Vice President,
Of in his absence of both on its Sec
retary-Treasurer, at the office OF the
Company.
The capital stock of this corpora
ton is hereby fixed at the sum OF
THREE THOUSA d ($3,OO0.Oo)
DOLLARS. divided into Thirty
shares of the par value of One Hun
bred Dollars each. to be paid in cash
on ten days notice to the stockhold-
ers by the Board Of Directors, anu II
shall commence business and become
an active concern as soon as the Whoie
of it's capital stock is subscribed ana
paid. No sale or transfer OF stock
Shall be valid until transferred on The
books Of the Company.
ART. III
The purpose for which this corpo--
ration is formed and the nature OF
the business to be carried on by IL
are declared to be- To buy and sell
all kinds of timber and timber lands
and timber products; TO cut and man
ufacture rough and iiniahed luh1Oer
Of all kinds; to buy and sell goods.
wares and merchandise to its en-
ployees and to all other persons; u
conduct 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 Tor
TRANSPORTATION. to own and operate
logging teams and Appliances; to
own and operate saw mills. planning
mills and all fixtures and aDpurteL-
ances, and to own, conduct and oper-
ate commiSsary and all usual ap-
plicances and machinery necessary TO
the conduct of it's business and az
fairs.
ART. "
The corporation should have power
to sue and be sued: to plead and 10
be implicated; to contract and be con-
tracted with: 10 buy. to own and to
sell both real and personal property
to mortgage, pledge and to hypothe-
cate it's property; to borrow money,
all as may be determined by its Board
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 b5 man
aged by 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 a
a period of One Year, or until theil
successors are elected and qualified
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 Oirec.
| tors shall be Paul NJ. Potts, who shall
oe President A. NJ. Russ who shall be
Vice President and r. HI. Potts who
shall be Secretary Treasurer, and they
shall hold their respective offices IN
III the first Monday in December
1914. or until their successors are ell
ected and qualified. Two members o.
tne>Board of Directors shall constl
tute a quorum for the transaction OIL
any and all business.
ART. vi.
All meetings of stockholders shall
be held at its office in the Parish o.
| Natchitoches. La; each stockholde
| to be entitled to one vote for eacf
share OF stock registered in his name
Votes may be cast in person or o!
written proxy, and at all meetings o
stockholders a majority of the stool
| present or represented and voting
| Shall control. Ten days notice shall
be given of all stockholders meeting
by written notice mailed to eacl
| stockholder, provided that where Sucf
notice is not required by law th'
the stockholders NAV by unanimous
consent waive, in writing, such no
| tice.
ART. VII
This act of Incorporation may b.
amended altered or changed or Thu
| CORPORATION may be dissolved, by ;
! three fourths vote of the stock cas-
at a stockholders meeting duly calleC
for that purpose, after thirty day
printed notice and notice mailed Il
each stakeholder as provided by law
| Whenever this corporation is dis
solved, either by vote OF its stock
holders or by limitation. its aHalr'
shall be liquidated by two commits
sionerS elected for that purpose. wht
shall be elected by the stockholders
with such duties and under sucl
bond as may be prescribed by tn
stockholders.
ART. VIII.
The Board of Directors of this cor
poration shall have full, complete AM
exclusive power to make and eStab
blish all rules, regulations and bylaw
for it's government and the conduc
of it's Business, aDd shall have powe
to employ or discharge all agents
managers and other employees neces
sary for the proper conduct OF 1t
business and may delegate such DOW
ers possessed by them to one or NOR
officers of this corporation, or t
other persons.
ART. TX
The undersigned incorporation
subscribe respectively the amount
of the capital stock and the numbe
of shares set opposite their name:
and this subscription is declared I
be In lieu CT the original subscriptio
list.
ART. X
No stakeholder of this corporatio
shall ever be held liable for any grea
er sum than the unpaid balance du
on the stock subscribed for by hin
nor shall any informality have Il
effect of rendering this charter nu
or of exposing any stakeholder to al
greater liability than the unpaid ba
ance on his stock.
In testimony of allIwhich the sai
stockholders and incorporators ha'
signed hereto in the presence
Phanor BreaZeale and nj. K. Pru'
homme both of age and residents
this Parish. two competent wltnesse
lWho sign hereto, together with sa