St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1920-08-14
CHARTER OF THE
LAKE CYPRESS LUMBER CO., INC
United States of America, State CT
Louisiana, Parish of st.
Tammany.

Louisiana, Parish Of st.
Tammany.
Before me, Fred J. Heintz, jr,
Notary Public, duly commissioned
and qualified in and for the Parish
of St. Tammany, State of Louisiana.
personally came and appeared the
persons whose names are hereunro
subscribed, who declared to me, No
tary, that availing themselves Of the
provisions of the laws of the State
of Louisiana relative to the organlza-
| ton Of corporations, particularly of
Act EST of the Acts of the Genera!
Assembly of the State of Louisiana
for the year 1914, they have cove
nanted and agreed, and by these
| presents do covenant and agree Tor
themselves, their successors and ds-
signs to form themselves into a cor
poration and body polite for the o.
Jects and purposes under the stlpuia-
lions hereinafter set forth, to-Wlt:
ARTICLE l.
The name and title Of this cor"
pOratiOn shall be
Lake Cypress Lumber Company, lnc.,
and it's dom .cile is hereby establish.
ed at Covington, st. Tammany par
ish, State OF Louisiana, and under ITS
corporate name said corporation
shall have power and authority to
contract, sue and be sued, to make
and use a corporate seal and the
same to break and alter at pleasure;
to hold, receive, have, purchase,
improve, ALLEVIATE, sell, borrow,
pledge, mortgage and hypothecate,
under it's said corporate name, prop
erty, real, personal and mixed; to
name and appoint such officers, dl-
rectors, agents and managers ana
employees as the interests or con-
venience OF said corporation may re-
quire; to make and establish BY
laws, rules and regulations for the
proper management and regulation
of it's affairs as may be deemed nee
essary and proper, and the same to
change and alter at pleasure; and to
do all other acts and things per-
mitted by law, or as shall be neces-
sary and proper to carry out the
objects and purposes Of said corpora
ton. i.,-i,. ,I.4,,
Said corporation, unless sooner
dissolved in accordance with its char
ter, shall exist and continue for a
period of ninety-nine years from
and after the date hereof.
, 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 hereby declar-
ed to be: To buy, lease, sell lands
and timber; to operate and main
! tain saw mills, planning mills, and to
! do the general saw mill business, In
Guiding piling and all other kinds o!
wood work and products; to operate
turpentine and retort plants; to op-
crate and conduct a general mer-
| chandise business; buying and sell.
ing merchandise of all kinds; to
: own, lease, construct and operate
. tram roads, railroads, bitches, canals
steamboats, and barges, and in gen
eral to do and perform and to en-
| gage in any business incidental to-
, requisite or connected with the 90
Grafton of the business above men
toned.
ARTICLE III.
The capital stock Of this corpora
ton is hereby fixed at Seventy-Flve
Thousand ($75,o00) Dollars, divid-
ed into seven hundred and fifty
(750) shares of the par value OF
One Hundred ($10O) Dollars each
provided that the amount to which
the capital stock of this corporation
may be increased shall be One Hun
| dred Fifty Thousand (S150, 000.0O)
Dollars.
Which stock may be issued at moi
less than par for cash, at the TIM
it is subscribed for, or at such time
as may be deemed necessary by the
Board of Directors, provided thai
said stock shall be paid for In full
within twelve months after same
shall have been subscribed for, or In
payment Or exchange for property d
rights actually received or purchase
by said corporation, provided thai
all stock certificates shall be signed
by the President and Secretary o.
said corporation. No stock shall b.
issued unless the consideration there
, for has been received by the sac
corporation.
> All transfers of stock shall bt
; made on the books of said compan,
) at its office on the surrender Of tn.
> certificate thereof.
ARTICLE w.
The corporate powers Of this cor
poratior shall be vested in and ex
ercised by Board of Directors
which shall consist of three stock
holders, majority Of whom shall
d constitute a quorum for the franc
action of business. Said director!
shall be elected annually from anon:
3 the stockholders on the third Mon
< day in January Of each year, com
mencing on the third Monday II
January, Of 1921, as provided by
law.
At said election as above provided
the Board Of Directors shall ele31
from among their number Presi
dent, Vice-President and Score
tary-Treasurer, provided that one
person may hold the office of both
Secretary and Treasurer, and all Of
said officers and directors shall holL