The Natchitoches enterprise. (Natchitoches, La.) 1888-1965, 1917-07-19
ARTICLES OF INCORPORATION
OF
THE SEABAUGH LUMBER CO. INC.

BE 1T KNOWN AND REMEMBER
ED: That the parties whose names arr
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 besome associa-
ted with them, to form and constitute
a corporation, with the following as
both the charter and original subscrip-
tion list hereof.
Article |,
The name of this corporation shall be
The Seabaugh Lumber Company, In
! corporated.
| Article II.
| The purposes for which this corpora
tion is formed are as follows: To ac-
qulre by purchase, lease or otherwise.
lands, timber of all kinds, whether
standing or felle3; to engage in the
manufacture, iale 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 a saw mill business, as well as to
mortgage, pledge and hypothecate. for
the benefit of this corporation, property |
both real and personal.
Article III.
The Capital Stock of this Corporation
shall be the sum of Eight Thousand |
Dollars, divided 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 SUBJ
scribed and paid for in full All stock
is common.
Article w.
lhe 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 directors
may be held the State elsewhere than
at its domicile.
Article V.
This Corporation shall exist for a
period of ninety-nine years unless soon
er dissolved in accordance with the laws
Of the state.
Article vi. 4
The Corporate Powers of this Cor =,
shall be vested in and exercised l
1y board of three directors. Two of {
Vhom shall constitute quorum for the
transaction of business, and their de- .
;ision shall be valid corporate acts.
The following shall constitute the
irst Board of Directors and officers of
he Corporation:
J. T. Seabaugh, President, M. C. Key,
VI Ilce-President, A. e. Bath, Secretary
Treasurer. a
Said Board of Directors shall continue .
\ office until the first Monday in July
9lS, 0n which day ana date, and there
lfter, annually, the stockholders shall !
meet and from among their number .
'lect Board of Directors to serve for
ne year. Each stockholder shall be en- Il
tiled to cumulative voting.
The Board of Directors shall organize Z
after its election and shall q
lect from among its number the fol-
owing officers: President, Vice-Presi-
ent and Secretary Treasurer. d
Should the stockholders fail to meet
s herein provided, the Board of Direc-
ors shall hold over until their success
ors are elected and qualified.
Article VII.
The President, or in his absence, the -
'ice-President, shall be the proper per- II
On upon whom citation or other legal
recess shall be served. o.
Article VIII. -
The Shareholders, the amount of 2,
apital Stock subscribed by each and
1eir several post office are as follows: W
J. P. Seabaugh, Natchitoches, La "
wenty Share, Two Thousand Dollars: -,
;. T.. Bath, Natchitoches, La. Twenty "
hares, Two Thousand Dollars; M. G. pl
eyI Provencal, La, Fourteen Shares. M
ourteen Hundred Dollars; |. Lucas,
rovencal, La, Six Shares, Six Hun =
red Dollars u
Article TX. ~
No stock of this corporation shall be
I'D by any holder thereof in open mar
ct unless ten days prior notice of in
'ntion to sell has been given the cor
)ration during which time the remain
6 stockholders shall have the privilege
purchasing the same.
Article X.
This charter may be amended con-
'rmable to existing Laws.
thus done and passed in the City of
atchitoches on this the 10th day of
aly A. D. 1917, in the presence of the
testing witnesses, of lawful age, and
no hereunto sign their names together
lth said parties and me, Notary, after
'ading the whole.
Attest:
. T. SMITH,
AM AARON
S. P. SEABAUGH,
A. E. BATH,
1SSAC LUCAS