The Concordia sentinel. (Vidalia, Concordia Parish, La.) 1882-current, 1921-03-19
AMENDMENTS TO ARTICLES OF
INCORPORATION OF THE
UTLEY-HOLLOWAY SAW
MILL co. INC.
STATE OF ILLINOIS,
COUNTY OF COOK.


authority, duly commissioned and
qualified in and for said State anc
County aforesaid, personally appear
ed the persons whose names are here
unto subscribed. who declared to me
said authority, in the presence of the
undersigned, competent witnesses
over the age of fourteen years, that
availing themselves of the laws of the
State of Louisiana, and especially
Act 267 of the General Assembly OF
Louisiana for the year of 1914, they
do by these presents, for themselves
and all who may hereafter become
associated with them, AMEND the
original Articles of Incorporation as
follows. to-wit.
shall be-UTLEY- HOLLOWAY SAW
MILL co. INC, its duration shall be
NINETY-NINE (99) years. Its
domicile shall be at the Office of
DALE, YOUNG & DALE, in Vidalia,
Concordia Parish, La. and all legal
process may be served upon JOHN
DALE. SR., of Vidalia, La, who is
designated as the agent for said pur-
changed by a resolution of the Board
of Directors of said Corporation and
a certified copy of such resolution re
corded in the Corporation Records of
said Parish, and in the Office of the
Clerk of Court, and a copy of such
resolution forwarded to the Secretary
of State for his files.
ARTICLE TWO.
The purpose for which this Cor
poration is formed are to own and
operate. or operate without owning,
saw mills and other woodworking
plants, and to deal in the products
thereof and in logs, timber and lurn-
Der and immovables; to manufacture
electricity and ice and sell same, and
to own and operate, or operate with
out owning, railroads, boats and
barges; to do mercantile business and
engage in agricultural and livestock
business.
ARTICLE FOUR.
All the corporate powers shall be
vested in a Board of Directors COM
posed of four stockholders provided,
however, that any action taken by the
Board of Directors fixing the sal
aries of officers of this corporation, or
determining the conditions and terms
under which agencies for the sale of
lumber shall be established, shall not
be valid or effective until ratified by
the affirmative vote of the holders of
at least seventy-five per cent, (75%)
of the common stock issued and out
standing.
Meetings of the Board of Directors
shall be held at any time and place,
when and where called by the Presi-
dent or two members of the Board in
the State of Louisiana or Illinois up
on notice to each director, delivered
to him in person, or deposited In a
United States Postoffice, to the last
known address, not less than five
DAYS prior to meeting, which notice
may be waived in writing by direc-
Tor. No notice shall be required of
Ihny regular meeting of which the time
Ind place are prescribed in the by
laws.
4 ARTICLE FIVE.
/ The capital stock of this Corpor-
ation shall be and is declared to be
SIX HUNDRED THOUSAND ($600,-
0O0.) DOLLARS, divided into six
thousand (6000) shares of the par
value of ONE. HUNDRED ($100.)
DOLLARS each, all of which shares
shall be, and are declared to be, COM
mon stock. ONE HUNDRED THOU
SAND ($100,000.) DOLLARS of
said common stock has already been
subscribed and paid for.
At meeting of said stockholders
held at the domicile of the company at
Clayton, La, all of the stockholders
being present, or represented at said
meeting. a stock dividend of one
HUNDRED and FIFTY THOUSAND
($15O, 000.) DOLLARS was declared
out of the surplus and undivided
profits of the corporation.
FIFTY THOUSAND ($50,00O.)
DOLLARS additional of the common
stock is subscribed for by JOHN B.
UTLEY and GLENN H. HOLLO-
WAY.
The capital stock may be increas-
ed to ONE MILLION, FIVE HUN
DRED THOUSAND ($1,500,o0OD
DOLLARS.
No stockholder shall transfer any
stock in the corporation until he has
offered in writing to sell it to this
corporation at the lowest price he
would accept for same and has given
the corporation a reasonable time in
which to accept or reject said offer.
No transfer of stock shall be binding
upon the corporation until the stock
certificate requiring same has been
surrendered to the proper officer of
the corporation and new certificate