St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1920-08-28
CHARTER OF THE
LAKE CYPRESS LUMBER CO., INC
United States of America, State CT
Louisiana, Parish of St.
$Talnmany


Tanmany.
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 hereuuto
subscribed, who declared to me, No
tary, that availing themselves Of the
provisions of the laws Of the State
of Lou :siana relative to tho organiza-
ton OF corporations, particularly OF
Act c67 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 ana ds-
signs to form themselves INTO COR
poration and body pol tic iUr the 90
Jects and purposes under the stlpuia-
lions 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 Covlngton, St. Tammany par
ish, State of Louisiana, and under Its
corporate name said corporation
shall have power and authority 10
contract, sue and be sued, to make
and use corporate seal ana the
same to break and alter at pleasure;
to ho.d, 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 ana
employees as the interests or con-
| ven ence of said corporation may re-
qulre; to make and establish by
| laws, rules and regulations for the
| proper management and regulation
Of its affairs as may be deemed nee
essary and proper, and the same tc
change and alter at pleasure; and tt
! DO all other acts and things per
mitted by law, or as shall Ee 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
period of ninety-nine years from
and after the date hereof.
ARTICLE II.
The objects and purposes FOL
which this corporation is organized
and the nature Of the business to b.
carried on by It, are hereby declar
ed to be: To buy, lease, sell land
and timber; to operate and main
tain saw mills, planning mills, and t.
do the general saw mill bus .ness, in
Guiding piling and all other kinds 0
wood work and products; to operat
turpentine and retort plants; to up
crate and conduct general mer
chandise business; buying and sell
ing merchandise Of all kinds; t.
own, lease, construct and operat
tram roads, railroads, bitches, canals
steamboats, and barges, and in gen
eral to do and perform and to en-
gage in any business incidental &c
requisite or connected with the 90
Grafton of the business above meu
toned.
ARTICLE III.
The capital stock of this corpora
ton is hereby fixed at Seventy-Fiv
Thousand ($75,000) Dollars, divid
i ed into seven hundred and fit
(750) shares of the par value Q
One Hundred ($100) Dollars eacl
provided that the amount to Whic
the capital stock of this corporate
may be Increased shall be One Hun
i dred Fifty Thousand ($150, 100000
Dollars.
Which stock may be issued at nc
less than par for cash, at the tim
it Is subscribed for, or at such tim
as may be deemed necessary by tn
2 | Board of Directors, provided thu
l said stock shall be paid for In fu
l within twelve months after sam
shall have been subscribed for or
payment or exchange for property i:
3 rights actually received or purchase
by said corporation, provided thu
I all stock certificates shall be signe
u by the President and Secretary :
tsaid corporation. No stock shall
issued unless the consideration Their
for has been received by the Sd
; corporation.
> ALI transfers of stock shall
, made on the books Of said compar
; at its office on the surrender of IL
u certificate thereof.
II ARTICLE w.
The corporate powers of this co
y poration shall be vested in and c
; ercised by Board OF Director
which shall consist of three stoc
holders, a majority Of whom sha
q constitute a quorum for,>the tran
II action of business. Said directo
shall be elected annually from amor
e the stockholders on the third Mo
day in January of each year, cor
/ mencing on the third Monday
Il January, of 1921, as provided
law.
At said election as above provide
the Board of Directors shall ele
from among Their number a Pres
dent, a Vice-President and Seer
Vt tary-Treasurer, provided that CT
= person may hold the office Of bo
u Secretary and Treasurer, and all
said officers and directors shall no
IS their respective offices for perii
IS of one year from the date of the
. election, or until their successors a
G elected and qualified. But the IA
y ure to hold an annual election,