St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1920-08-07
CHARTER OF THE
LAKE CYPRESS LUMBER CO., INC.
United States of America, State CT
Louisiana, Parish of St.
Tammany

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 hereunto
subscribed, who declared to me, Mo-
tary, that availing themselves of the
provisions of the laws Of the State
of Louisiana relative to tho organiza-
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
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 OBJ
jects and purposes under the stipua-
tons hereinafter set forth, to-Wit:
ARTICLE /.
The name and title of this cor"
poration shall be
Lake Cypress Lumber Company, Inc,
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, di-
rectors, agents and managers and
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
tom. ~ lselNak
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 OF
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 10,
requisite or connected with the o.
Grafton of the business above men
toned.
ARTICLE III.
The capital stock Of this corpora
ton is hereby fixed at Seventy-Five
Thousand ($75,00O 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 (s150,000.00)
Dollars.
Which stock may be issued at not
less than par for cash, at the tins
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 sans
shall have heen subscribed for, or in
payment or exchange for property ol
rights actually received or purchased
by said corporation, provided thai
all stock certificates shall be signed
by the President and Secretary 81
said corporation. No stock shall be
issued unless the consideration there
for has been received by the sac
corporation.
, All transfers of stock shall BIZ
made on the books of said company
) at its office on the surrender of tn,
> certificate thereof.
ARTICLE w.
The corporate powers of this cor
poration shall be vested in and eX
ercised by Board of Directors
which shall consist of three stock
holders, majority Of whom shall
constitute a quorum for the franc
action of business. Said director!
shall be elected annually from among
the stockholders on the third Mon
day in January of each year, com
mencing on the third Monday ir
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, Vice-President and a Secre,
tary-Treasurer, provided that one
person may hold the Office Of both
Secretary and Treasurer, and all oil
said officers and directors shall hold
their respective offices for period
Of one year from the date of thei!
election, or until their successors are
elected and qualified. But the fail
ure to hold an annual election, OF