The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1915-07-29
CHA r T E r
CHARTER
-OF THE
JOhnSOn.GraSOn Lumber
Company, Incorporated.

State of Louisiana, Personally came
Purish of Caddo. and appeared be-
fore John D. Wilkinson, notary public
in and for said parish and state, duly
commissioned and sworn, T. S. Grayson,
whose postoffice address is Magnolia,
Ark, H. H. Johnson, whose postoffice
address is Haughton, La, and Herbert
H. johnson, whose postoffice address is
Haughton, La, who stated and de-
clared to me, notary, that, availing
themselves of the Constitution and laws
of the State of Louisiana, they have
formed and constituted themselves and
do by these presents form and consti-
tute themselves, as well as such other
persons as may hereafter become asso-
ciated with them, into a corporation and
body corporate and have adopted and
ordained az their act of incorporation
the following, to-wit:
ARTICLE 1.
The name and title of this corpora
ton shall be the johnson Grayson
Lumber Company, incorporated" with
its domicile at Haughton, La, and under
said corporate name it shall have and
enjoy succession for a period of fifty
years, unless sooner dissolved, as here
matter provided. All legal processes
shall be served on the President, or in
his absence on the Vicepresident, or
Secretary, at the Office of the company.
ARTICLE II.
The purpose for which this corpora
ton is formed and its objects are hereby
declared to be, to manufacture, pur-
chase, sell and dispose of lumber and
timber, to acquire, own and dispose of
timber and timber lands, and in connec-
| ton Herewith to own and operate saw
mills, planning mills and machinery nee
essary in the manufacture of lumber and
lumber products, and to own and dis
pose Of both real and personal property
as may be necessary in conducting said
business.
ARTICLE III.
The capital stock of this corporation
is hereby fixed at the sum of Six Thou
sand Dollars ($600O) divided into sixty
shares of the par value of One Hundred
Dollars ($1O0) each, and it shall COM
mence business whenever so per cent of
its capital stock is subscribed for, as
provided by the laws of the State Of
| Louisiana. Inasmuch as the payment
for part of its capital stock is to be
made by transfer to the company Of
certain property, a detailed list of the
same, with the fair value thereof, is
hereto attached and made part hereof.
i ARTICLE w.
i The affairs Of this corporation shall be
managed and controlled by Board of
i Directors, consisting of three stock
holders, who shall be elected annually
on the second Monday in July of each
year at stockholders meeting called
for that purpose, and who shall hold
Office for one year, or until their sue
cessors are elected and installed. Until
the election in July, 1915, the following
shall constitute the officers of this COM
pany, as we'll as it's Board of Directors:
T. S. Grayson, who shall be President,
and H. III. johnson, who shall be Gen.
eral Manager, Vicepresident and Treas
urer, and Herbert H. Johnson, who shall
be Secretary. The Board of Directors
shall exercise all of the corporate powers
of this corporation, and may delegate
the same, or a part thereof, to such
officers and agents as they deem best;
and shall have authority to fill any va
cancy occurring in said board by the
election of a stakeholder for the unex.
pired term.
ARTICLE v.
Il This corporation may be dissolved, d
this charter may be amended by vott
of hree-fourths of the stock voted a
any meeting called for that purpose, il
accordance with the laws of the State o
Louisiana; and at each stockholders
meeting each share OF stock shall be en-
titled to one vote to be cast by its owne
in person, or by written proxy. When
ever this corporation is dissolved b,
limitation, or otherwise, its affairs shal
be liquidated by one or more liquidators
elected by the stockholders, who shal
perform such duties, and have sue
powers as the stockholders may deer
proper.
II ARTICLE VI.
No stakeholder of this corporatio
shall ever be held liable for the con
tracts or faults thereof in any furthe
| sum than the unpaid balance due on hi
|! stock; nor shall any mere informalit