St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1920-09-04
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 I,
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 uisiana 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
nanted and agreed, and by these
presents do covenant and agree tor
| themselves, their successors and as
signs to form themselves into COR
poration and body polite for the oD-
jects and purposes under the stipula-
| lions hereinafter set forth, to-Wlt:
ARTICLE |.
The name and title of this cor.
poration shah be
lake Cypress Lumber Company, Inc,
| and it's domicile 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 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
easary 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 Q
| 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 20,
requisite or connected with the o.
GRAFTON of the business above meu,
| toned.
ARTICLE III.
The capital stock of this corpora
ton Is hereby fixed at Seventy-Five
Thousand ($75,000) Dollars, divid-
ed into seven hundred and fifty
| (750) shares of the par value OF
One Hundred $4,000 Dollars each,
provided that the amount to which
| the capital stock of this corporation
| may be Increased shall be One Hun
dred Fifty Thousand ($150, 100000
| Dollars.
Which stock may be issued at not
| 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 Tor property oT
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 said
corporation.
All transfers of stock shall be
made on the books of said company
at its office on the surrender Of tbs
certificate thereof
ARTICLE w.
The corporate powers Of this cor
poration shall be vested in and OK.
ercised by a Board Of Directors
which shall consist of three stock.
holders, majority Of whom shall
constitute 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, oom-
| 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 Presi-
dent, Vice-President and Secre-
tary-Treasurer, provided that one
person may hold the office Of both
Secretary and Treasurer, and all Of
said officers and directors shall hold
their respective offices for period
Of one year from the date of their
election, or until their successors are
elected and qualified. But the fail