St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1920-08-21
CHARTER OF THE
LAKE CYPRESS LUMBER CO., INC.
United States of America, State Of
Louisiana, Parish Of St.
TaInmany


Louisiana, Parish of St.
Tanmany.
Before me, Fred J. HeintZ, Jr !,
a 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 hereuuto
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 267 of the Acts Of the General
Assembly of the State Of Louisiana
for the year 1914, they have cove
nantcd and agreed, and by these
presents do covenant and agree Tor
themselves, their successors and ds-
signs to form themselves into cor
poration and body polite tor the OBJ
Jects and purposes under the stlpula-
Ilons hereinafter set forth, to-Wlt:
ARTICLE l.
The name and title Of this cor"
poration shall be
Lake Cypress Lumber Company, Inc,
and its 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 ct pleasure;
| to hold, receive, have, purchase,
improve, ALLEVIATE, sell, borrow,
pledge, mortgage and hyDothecate,
| under its said corporate name, prop"
| erty, real, personal and mixed;~ to
name and appoint such officers, di-
rectors, agents and managers and
employees as the interests or con-
| ven .ence 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.
Said corporation, unless sooner
dissolved In accordance with its char
ter, shall exist and continue for d
| 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
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 20,
requisite or connected with the o.
GRAFTON Of the business above meu-
| toned.
ARTICLE Ill.
The capital stock Of this corpora
ton is hereby fixed at seventy-F Five
Thousand ($75,000) Dollars, divid-
ed into seven hundred and fifty
(750) shares of the par value OF
One Hundred ($100) Dollars each,
provided that the amount to WhicE
the capital stock of this corporation
|! may be increased shall be One Hun
dred Fifty Thousand (s150, 100000
Dollars.
Which stock may be issued at noe
less than par for cash, at the timo
it Is subscribed for, or at such time
as may be deemed necessary by the
Board of Directors, provided that
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 Or
rights actually received or purchased
by said corporation, provided that
all stock certificates shall be signed
by the President and Secretary OF
said corporation. No stock shall be
issued unless the consideration there
for has been received by the sad
corporation.
All transfers of stock shall be
made on the books of said company
at its office on the surrender of the
certificate thereof
ARTICLE w.
The corporate powers OF this cor
poration shall be vested in and ex-
ercised by a Board Of Directors,
which shall consist of three stock
holders. majority of whom shall
constitute a quorum for the franc
action of business. Said directors
shall be elected annually from among
the stockholders on the third Mon
day in January of each year, COM
mencing on the third Monday In
January, of 1921, as provided by
law.
At said election as above provided
the Board of Directors shall elect
from among their number a Presi-
dent, a Vice-President and a Secre-
ry-Treasurer, provided that one
person may hold the Office Of both
Secretary and Treasurer, and all of
said officers and directors shall holl
their respective offices for period
| nf o0o war from fha date nf THAR