St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1919-11-01

may be necessary to carry on thu
objects and purposes of this corpora
ton, as herein set out.
Said corporation, unless sooner
dissolved in accordance with tn:
stipulations of this charter, shall
exist and continue to have success.
sion for period of ninety-nine (93)
years from date hereof.
The president, or, in his absence
the vice-president, or, in his absence
the secretary, shall be the proper
person upon whom citation or other
legal process shall be served
ARTICLE II.
The objects and purposes for
which this corporation is organized,
and the nature of the business to BE
carried ON by it, are declared to be
the following, to-wit:
To construct, operate and mail-
tain saw mills, planning mills; to 20
a general saw mill business, includ-
ing piling and all other kinds OF
wood products, including turpentine
and retort plants; to operate a CAM
missary and store business in con-
nection Herewith and generally to
do and perform any and all acts and
things pertaining to the business
above enumerated or connected
Herewith, CIR arising therefrom in
this state and elsewhere; to purchase
and sell lands and timber, and to en-
gage in any enterprise in any wise
connected with or relating to the
land and timber business; to sell and
export timber, lumber and all forest
products; to build, repair and dock
vessels; to acquire, own and operate,
and to charter or lease, and to sell
vessels of every description; to con-
struct, own, operate, build and lease
railroads and tram roads; to con-
struct, own. and operate docks,
Wharves and warehouses; to buy,
have, own, and sell steel, iron and
Gre; to hold, receive, hire, purchase,
lease, suitcase, sell, convey or eX-
change property, both real and per
sonal, and to mortgage and hypothe
cate the same; to borrCw or lend
money; to appoint managers, officers,
agents and employees in the State
CT Louisiana and other States, as It's
interests may require; to do, and
perform all other things requisite,
necessary or convenient to enabel it
to carry out the objects and pur-'
poses above set forth.
ARTICLE III.
The capital stock of this corpora
ton shall be the sum of twenty-five
thousand ($25,OOO) dollars, divided
into and represented by two hundred
and fifty (25O) shares of the par
value of one hundred ($100) dollars
each, which stock shall be paid for
in cash, or the same may be issued
and delivered in payment for actual
services rendered the company, or in
exchange for property or rights
transferred to or received by said
company; but no stock shall ever be
issued or delivered except at its par
value for cash, or for services actual
ly rendered, or property actually
transferred.
The capital stock of this company
may be increased or decreased by
complying with teh laws of the State
of Louisiana providing for the in
crease or decrease of the stock CT
corporations.
Any stakeholder may sell, assign
or transfer his stock in this co.,
poration provided thirty 600 days
Irio rrotice of such intention to sell
assign or transfer the same be given
the company. The company shall
have first privilege of purchasing
same, after which notice the said
stock may be sold in open market.
The capital stock of this company
shall be nonassessable, and transfer
a BILE only on the books of the COM
pany, subject, however, to the laws
relative to the delivery of stock GER
tificates.
This corporation shall be authoriz-
ed to commence doing business As
soon as fifteen thousand ($15,OOO)
dollars of the capital stock shall have
been usbscribed for.
The board of directors shall have
the right to determine how much
stock shall be issued.
ARTICLE w.
The corporate powers of this COM
pany shall be vested in and exercised
by a board of directors, which shall
5e composed of three stockholders of
this company. Said board Of direct
ors shall be elected annually by the
stockholders on the first Tuesday Of
November in each an devery year,