The Madison journal. (Tallulah, Madison Parish, La.) 1888-current, 1917-10-06
CHARTER
ARTICLES OF INCORPORATION or
AVER TIMBER COMPANY,
INCORPORATED
State of Louisiana,
Parish of Madison

IL IT KNOWN AND REM EMDERED, That
on this the 18th, day Of September. in
the yea-p Hir Lord, iq'7. h1fn~a me.
Jvnn n. Yerger, Clerk Of the Ninth D's-
trict Court for the Parish of Madison,
Louisiana, and Tx -Ofiicio. Notary
Publ in snd Tor said pari n and state.
dIly commissioned and qualified, and in
the presence vi the witnesses herein
after named and undersigned, person
al:y en-, and aIpeuel the persons
whose names are nereunto subscribed,
all above the full age Of majority, who
severalIy declared that avfiling them
selves OF the laws of this state relative
to the organization OF corporations and
particularly of the provisions OF Act NO.
PSI of the Acts of the General Assembly
Of Louisiana Of the year 1914, they have
formed and organized AMI by these
presents do form and organize them
selves. as we'll as such other persons
who may becnne associated with them,
and their succ ,ssors. into corporation
and body polite in law. for the objects
and purposes and under the stipulations
and agreements hereinafter set forth
and expressed, which they do hereby
adopt as their charter.
ARTICLEl
The name and title of the corporation
hereby formed is declared to be Aver
Timber Company. Incorporated:
1t shall exist aad have and enjoy sue
,ssion by its corporate name tor the
period of ninety-nine (99) years from
and after the date hereof unless sooner
dissolved; its certificates of stock shall
be signed by the President and Secretary
and bear the impress of the Seal OF the
corporation; it shal! have power and
authority to contract, sue and be sued,
to adopt, use and break or alter at
pleasure corporate seal; TO acquire Nv
purchase, lease. or otherwise. real, per-
sonal and mixed property; to hold. own,
aienate, sell, lease, pledge or mortgage
the same, to incur debt; borrow money.
ami to issue notes. bonds and other EVIL
dence of Indebtedness, to appoint OH
GERS, directors, agents or managers MS
the interest OF said corporation may re-
quire; to establish rules and regulations
for the proper management OF Its
affairs; to change or alter the said rules
and regulations when necessary, and Tn
do and perform generally any and all
acts necessary ard proper in carrying
out the business and purposes OF this
corporation.
ARTICLE
!. The domichsoi incorporation is here
by fixed atTalulah, Madison Parish,
Louisiana, at'the law Office of jeff b.
! Snyder
The President, or ia his absence, the
Vice President. or in bis abseDce, the
Secretary, is designated as i've proper
person upon whom serrice of bsgsI pro-
cess against it shall be made
AkTicLE;3s
Thx objects and purposes for which
this corporation Is organized ana the
nature Of the IA. siness To be carried on
by it are he reby,aeciaredito les the pur-
CHASE, sale and NM,sss OF agricultural,
lumber and other laHcsss.ars the MANU-
facture and sale OF tiuILtsas al tAe cult
walton, growing, raising ;arrt ps<rketSng
Of all agricultural CROP, sud TIRE sale of
the products thereof, tnrou,.hDut the
State of Louisiana and elsewhere la the
United States.
ARTICLE a.
The Capital Stock OF this coynoration
is hereby fixed at The sum of Seven
Hundred Thousand (S7O0 oOAAD) Dollars
divided into steven thuussnssl (7,U0o)
shares of the pr vilae offOhe Hundred
(Sl00. 0U) Dollars each. ~
An accurate, detailed ard itemized
description Of tne property as to amount,
location extent, etc, taken IN payment
for capital stock, together with state
inent Of its value as appraised by the
directors is annexed to this charter to be
in. fbalr 4kayit
ARTICLE 5
The corporate powers Of this corpora.
ton shall be vested in snd exercised by
Board Of Directors of live (5) stock
holders, majority of whom shalp con.
stitute quorum for the transaction OF
husiness, with the full power to purchase,
receive by donation, sell, mortgage,
chattef mortgage, pledge. pawn, convey
and lease, eItfrr as leasor Oh lessee.
property both. real and personal; {,
borrow money a,pi issue the Company
negotiable notes or bonds, either un.
secured or secured by mortgage on its
real estate. chatlel nortgag. or pledge
or pawn OF IT'S personal property, aud Il
DO any and all other acts which this com
pSny Is authorized To- do in carrying out
the purposes and objects of this cOrpo-
rn.ion; To make and establish bylaws,
and to change the same; to hire, employ,
appoint and discharge all officers aud
employees. and to iix their sal ries, and
t. nil ali Vacancies occurring in the Board
OF Directors bS degtia. resignation or
Otherwise. and To increase the Board OF
Directors ln said corporation t)-not u
>eeed seven 60 nemDers, alf0f whom
f1ust be stockholders .s,e
Eaca Boari ot Directors shall elect a
PresideIi, Vic. -Pre:i,.ent who may
also be Treasurer. "a Secretary and u
Treasurer. which last naineL tyIo vliicC.
may e leld by - person.
The first Ruani cf Directors shall con-
sist of Chsrles F..Ayer, Friedrich Aver.
Jr.. Donald Gordon. cba;ies,Griik AMI
Jeff y. Snyder, with Charles Griik ~
President. Chaiies +. Aver Ms vice-Pre-
si,lent. Fredrrck Aver. 3r.. aS Secretary
aud Charles f. Ay,r as T easurer. VIM
shall hohl Office Gnti the S,Il Monday of
August, A. d.. 1918, Ur until ,hrir sue
cessors have bceh duly elected and
. qualified.
On the 3r,l Monday OF August. 1918.
and ANNUALLY thereafter. OF, s;ic S;rd Mon
Z day OF August Of snch year the stock
holders shall meet Tor toe purpose OF
e.ecting n Board of Directors AMI the
transaction of such otter business a,
NAV properly come before the meeting
Written moi eUf anala Ste: d.
Meeting shall TIC delivered in person oi
by dep0sitihe it in the post Office. adj
AZ. L.. -,