The Natchitoches enterprise. (Natchitoches, La.) 1888-1965, 1917-08-09
A RTICLES OF INCORPORATION
OF
THE SEABAUGH LUMBER co. INC.

OF
THE SEABAUGH LUMBER CO. INC.
BE 1T KNOWN AND REMEMBER
ED: That the parties whose names are
hereunto subscribed, ayailin@ 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 Well as such other per
sons as may hereafter become associa-
ted with them, to form and constitute
a corporation, with the following as
both the charter and original subscrip-
ton list hereof
Article l.
The name Of this corporation shall be
. The Seabaugn Lumber Company, In
corporated.
Article II.
The purposes for which this corpora
ton IS formed are as follows: To ac-
quire BY purchase, lease or otherwise
lands, timber Of all kinds, whether
standing OF teile1; 70 engage in the
. manufacture, Iale and distribution of
I lumber, Venear5 and other wood prod
ucts and to Vand or deal in the same; to
purchase, own and operate saw mill
plants, planning mills and veneer plants;
. e conduct IN conjunction with SAID lius
mess commissary, and generally todo
and perform all acts necessary to carry
on saw mill business, as well as to
mortgage, pledge and hypothecate, for
Fthe benefit OF this corporation, property
/ both real and personal g.:
/ Article III
t The Capital Stock Of this Corporation
shal! BE- the sum Of Eight Thousand
/ Dollars, divided into. eighty shares Of
the par value OF One Hundred Dollars
each. of rsuch Capital Stock, sixty
shares OF the par value of Six Thous-
/ and Dollars nave this day been sub
.scribed and paid for in full. All stock
Els common.
Article ".
The Domicle OF this Corporation shall
be at Natchit0ches, Natchitoches Parish,
Louisiana, where meetings OF the stock
holders and directors shall be held: pro-
vi6ed, that with the written consent of
all directors valid meetings OF directors
may be held the State elsewhere than
at its domicile. :.
\Article V. 4
This Corporation shall exist for a
period Of ninety-nine years unless SOON
er dissolved in accordance with the laws
Of the state. 4
Article VI
The Corporate Powers Of this Cor
poration shall be vested in and exercised
by board Of three directors. Two of
whom shall constitute a quorum for the
transaction of business, and their de- |
cision shall be valid corporate acts. |
The following shall constitute the I
first Board Of Directors and officers of |
the Corporation:
J. P. Seabaugh, President, NJ. 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 stakeholder shall be en-
titled to cumulative voting.
The Board of Directors shall organize
Immediately after its election and shall
elect from among its number the fol-
lowing Officers: President, Vice-Presi-
dent ard Secretary-Treasurer.
Should the stockholders fail to meet
as herein provided, the Board Of Direc-
tors shall hold over until their success
sers are elected and qualified. -
Article W.
The President, or in his absence, the
Vice President, shall be the proper per-
son upon whom citation or other legal
process shall be served.
A l., "
The Shareholders, the amount of
Capital Stock subscribed by each and
tqeir several post office are as follows:
}. T. Seabaugh, .Natchitoches, La I
Twenty Share, Two Thousand Dollars; 4
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
lred Dollars 49,.
Article TX.
No stock of this corporation shall be
sold by any holder thereof in open mar
let unless ten days prior notice of in
,ention.to sell mas been given the cor :
)oration during which time the remain :
ng stockholders shall have the privilege
# purchasing the same. II
Article x. II
This charter may be amended con- II
ormable to existing Laws. Il
Thus done and passed in the City Of II
latchitoches on this the 10th day of II
uly A. D. 1917, IN the presence of the
ttesting witnesses, of lawful age, and II
Who hereunto sign their names together
With said parties and me, Notary, after Ii
eading the whole.
Attest: III
l. 7. SMITH, II
'AM AARON
s 2 SEARAIIGH-