The Era-leader. [volume] (Franklinton, La.) 1910-current, 1914-01-22
ARTICLE /.

Tho name of this corporation shall
he 1.-THE SOUTHERN PRODOClo
COMPANY" and under its SAID colpo,
ate name it shall have power ana a.
thority to have and ENJOY cotP ell
existence and succession lot the
term and period Of nlnety-hihe
from and after the date hereof; TO con-
tract. sue and be sued; to make anu
use a corporate seal, and the same ~
alter and break at pleasure; 10 nolu'
receive. lease purchase ana ConveS'
as we'll as mortgage ana hyPolno.a 90
property, real, personal ana mlxeu' co,
poreal and incorporeal; 10 tsA1 Hirect.
appoint such managers, agents uHeS
orc and officers as its business inter
est and convenience may require anu
tn make and establish, as well as ailei
and amend from time to time, such by.
laws, rules and regulations 1or the
government of said corporation DIS hlaS
be necessary and proper.
ARTICLE H.
The domicile of said corporation
shall be in the town Of tranKnntoIl,
Washington Parish, Louisiana, and az
citations or other legal process dnt 81 said said
be served upon the president OF saio
corporation, or in the event or MS
absence or inability to act, upon the
vice president thereof, and in the ao-
sence of both of said officers, upon the
secretary of said corporation.
ARTICLE III.
The objects and purposes for when
this corporation Is organized, and the
nature of the business to be carried on
by it, are hereby DECLARED to be- 10
construct, or otherwise ACQUIRE, Ilaimo
tain and operate for the manufacture
of lumber of all kinds and grades,
saw MILL or more than one, to be To-
Gated in such place or places as the
business of said corporation may re-
quire; to buy and sell lumber and rail
road ties, and to MAINTAIN o1tlces IN
connection with the same, as well as
to buy and sell farm products to, own
and operate farms, and to sell the
produce thereof; to csAstruct or other
wise acquire, mills and refinerles Tor.
the manufacture of sugar cane syrup
to buy and sell real estate. and to
carry on general merchandise Dusl-
ness in said Parish of Washington. in
the town of Franklinton, or in any
other place as may be necessary Tor
the proper management Of the business
affairs of said corporation, and gen.
orally to hold and exercise. all such in
cidental powers and privileges as re-
" ' ARTICLE ".
The Capital Stock of said corpora.
ton is hereby fixed at the sum OF
TWENTY-FIV THOUSAND DOL
LARS, divided into and represented by
TWO HUNDRED AND FIFTY SHARES
of stock, of the sum Of ONE HUN
DRIED DOLLARS each. Said stock shall
be paid for in cash, at such time, IN
such amounts, and after such notice
to the subscribers, as may be fixed by
jrna on,
may be issued at not less than par,
for labor done or property actually
received by the corporation.
The corporation shall be going con-
Germ and be authorized to do business
as soon as THREE THoUS AND DOLLARS Of
It's capital stock shall have been subscribed
for,
ARTICLE V.
All the corporate powers of said cor
poration shall be vested in and exer-
cised by Board of Directors, to be
composed of four stockholders to be
elected annually on the second Mon
day in January in each year, except
the fast appointed Board of Directors
under this charter, who shall hold
their offices until the second Monday
in January, 1914.
All such elections shall be held by
ballot, and conducted at the office of
said corporation, and notice of such
election shall be given by the secre-
tary of said corporation by publication
for not less than ten days prior in a
newspaper published in Washington
Parish, Louisiana.
At all such elections each stock
holder shall be entitled to one vote
for each share of stock standing In
his name on the books of the corpora
ton, to be cast by him in person or by
his written proxy, and majority of
the votes cast shall elect
Any vacancy occurring in the Board
of Directors by death, resigna ton or
otherwise, shall be filled by election
for the remainder of the term by the
remaining directors. a failure to elect
directors on the date above specified
shall not dissolve this corporation, nor
impair it's corporate management. but
the directors then in office shall re-
main in office until their successors
are elected and qualified.
The Board of Directors shall elect
from their number a president and
vice president. They shall elect sec.
rotary and treasurer or one person
who shall be BOTH either of whom may
or may not be members of the Board
of Directors. They may, from time tC
time name and appoint all such other
officers and agents as it may deem
necessary for the business Of the cor.
poration. They shall have power to
fix and define the duties of each Off
Ger and employee, and all officers and
employees shall hold office and EN-.
ployment at the pleasure of the Board
of Directors.
The Board may make, alter ant
amend all such bylaws. rules and reg.
ulations as it may deem necessary fol-
the support and management of the
business affairs of said corporation.
The said Board shall have full power
and authority to borrow money, to eX.
ecute mortgages and to create liens; tC
issue bonds, notes and other obliga.
lions, and generally to do all things
reasonable, convenient and necessary
for the proper carrying on of the bust
ness of said corporation.
The Board of Directors shall have
power to issue full-paid shares of stock
for cash. or in pavment Of labor done
or property actually received by said
corporation.
ARTICLE VI.
Whenever this corporation NAV be
dissolved either by limitation or from
any otuer cause. its affairs shall be-
liquida ed by two commssi toner's. to be
appointed from amongst the stockhold
ers at a general meeting of the stock
holders convened for such purpose, OF
which meetipS notice shall he given ir
the manner and time provided fol-
stockholders meeting by Article VI,
of this lhar>~f aid . majority j,
amou@t cf IT, Ccpital Stock OF sal
Comp represerted at such meet
ings shall be requisite to elect. Sale