The Natchitoches enterprise., 1917-08-23
ARTICLES OF INCORPORATION
OF
THE SEABAUGH LUMBER co. INC

BE 1T KNOWN AND REMEMBER
ED: That the parties whose names are
hereunto subscribed, availing themsel-
yes of the Laws of the State of Louisi
ana relative to corporations, have CO.
venanted and agreed, and by these
presents covenant and agree, and bind
themselves, as we'll as such other per-
sons as may hereafter become associa-
ted with them, to form and constitute
corporation, with the following as
both the charter and original subscrip-
ton list hereof.
Article l.
The name of this corporation shall be
The Seabaugh Lumber Company, In
corporated.
Article II.
The purposes for which this corpora
ton is formed are as follows: To &C
quire by purchase, lease or otherwise.
lands, timber of all kinds, whether
standing or felled; to engage in the
manufacture, Gale and distribution of
lumber, veneers and other wood prod
ucts and to vend or deal in the same; to
purchase, own and operate saw mill
plants, planning mills and veneer plants;
to conduct in conjunction with said bus
mess a commissary, and generally to do
! and perform all acts necessary to carry
On saw mill business, as we'll as to
mortgage, pledge and hypothecate, for
the benefit of this corporation, property
both real and personal.
| = Article III.
The Cafital Stock of this Corporation
shall be the, sum of Eight Thousand
Dollars, dividSd into eighty shares of
the par value OF One Hundred Dollars
each. Of such Capital Stock, sixty
shares of the par value of Six Thous-
and Dollars have this day been sub
scribed and paid for in full. All stock
is common.
Article w.
The Domicle of this Corporation shall
be at Natchitoches, Natchitoches Parish,
Louisiana, where meetings of the stock
holders and directors shall be held; pro-
vided, that with the written consent of
all directors valid meetings of directars
may be held the State elsewhere thar
at its domicile.
Article V.
This Corporation shall exist for
period of niRety-nine years unless soon
err dissolved in accordance with the laws
of the state.
| Article vi.
The Corporate Powers of this Cor
poration shall be vested in and exercised
by a. board of three directors. Two of
whom shall constitute quorum for the
| transaction of business, and their de-
| cision shall be valid corporate acts.
The following shall constitute the
first Board of Directors and officers of
the Corporation:
J. P. Seabaugh, President, M. C. Key,
Vice President, A. E. Bath, Secretary
Treasurer.
Said Board Of Directors shall continue
in Office until the first Monday in July
1918, on which day and date, and there
after, annually, the stockholders shall
meet and from among their number
elect a Board of Directors to serve for
one year. Each stockholder shall be en-
titled to cumulative voting.
The Board of Directors shall organize
Immediately after its election and shall
elect from among it's number the fol-
lowing officers: President, Vice-Presi-
dent and Secretary-Treasurer.
Should the stockholders fail to meet
as herein provided, the Board of Drec-
tors shall hold over until their success
sors are elected and qualified.
Article VII.
The President, or in his absence, the
Vice-P President, shall be the proper per- |
son upon whom citation or other legal |
process shall be served.
Article VIII.
The Shareholders, the amount of |
Capital Stock subscribed by each and |
tqeir several post office are as follows:
J. P. Seabaugh, Natchitoches, La,
Twenty Share, Two Thousand Dollars;
A. E. Bath, Natchitoches, La. Twenty
Shares, Two Thousand Dollars; M. G. |
Key, Provencal, La, Fourteen Shares,
Fourteen Hundred Dollars; /. Lucas,
Provencal, La, Six Shares, Six Hun
dred Dollars.
Article TX.
No stock of this corporation shall be
sold by any holder thereof in open mar
ket unless ten days prior notice of in
tention to sell has been given the cor
poration during which time the remain
ing stockholders shall have the privilege
of purchasing the same.
Article K.
This charter may be amended con-
formable to existing Laws.
Thus done and passed in the City of
Natchitoches on this the 18th day of
July A. D. 1917. in the presence of the
attesting witnesses, of lawful age, and
who hereunto sign their names together
with said parties and me, Notary, after
reading the whole.
Attest:
N. T. SMITH,
SAM AARON
c D CEApATICH