St. Tammany farmer., 1919-11-22

legal process Sna1l Dc S0fEeu.
ARTICLE II.
The objects and purposes for
which this corporation Is organized,
and the nature of the business to oe
carried on by it, are declared to be
the following, to-Wit:
To construct, operate and mai1-
tain saw mills, planning mills; to 60
general saw mill business, tnclud-
ing piling and all other kinds OF
wood products, including turpentlne
and retort plants; to operate a canl-
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, or 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,
Uharves and warehouses; to buy,
have, own, and sell steel, iron and
Gre; to hold, receive, hire, purchase,
lease, suitcase, sell, convey or eA-
change property, both real and per
sonal, and to mortgage and hypothe-
ca.e the same; to borrow or lend
money; to appoint managers, officers,
agents and employees in the State
cf Louisiana and other States, as lis
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 corpor4-
tion shall be the sum Of twenty-five
thousand (s25,OO0) dollars, divided
into and represented by two hundred
and fifty (250) 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 stockholder may sell, assign
or transfer his stock in this COR
poration provided thirty 500 days
prio rnotice 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
able 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 board of directors, which shall
be 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
W hic hannual meeting of the stock
holders shall be held at the Office
of the company in Madisonville, La.
of which meeting notice shall be Civ
CT by at least fifteen (15) days con
tinuous publication Immediately pre-
ceeding such election in the Official
| journal for the Parish Of St. Tam.
many, La, or by at least ten (10)
| days written notice to each stock
holder. The first election hereunder
shall be held on the first Tuesday o1
November, 1919, until which tins
the following persons shall be an1
constitute the board of directors OF
this company, to-wit: E. J. Fred
erick, P. A. Blanchard and M. =
Planche. Any vacancy occurring i.
the board of directors during its
erm of Office shall be filed by elec'
ton by the remaining members o1
| the board. Two (2) members OF
| The board shall constitute a quorum
| COR the transaction of business ano
| heir decisions shall be valid cor
| ;orate ac.s. At each annual meet
ng OF the board of directors held or
he first Tuesday of November, 1919
md annually thereafter, the saic
board shall elect from among its
members a president, a vice-presl
dent, a secretary and treasurer, anc
such other officers as may be neces
sary, and the said officers shall hole
cfIice for one year, Or until thei1
successors are elected. Until ths
first election the following are de
clared to be the officers Of this cor
poration, to-wit: E. J. Frederick
president; M P. Planche, yice-presl