The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1922-01-19
CHARTER
oT THE.
BENTON LUMBER COMPANY,
TncOrDOrafed.

| m ~
BENTON LUMBER COMPANY,
Incorporated.
State o1Losssiana. Parssh Of WsSstsr.
This day before me. Charles II. Roberts,
a notary public, within and for said parish
and state, duly commissioned and sworn,
and In the presence Of the witnesses whose
names are hereunto subscribed personally
came an appeared: James Fl. Nelson, !. b.
BaAinger, 8. W. Brown md n. II. Miller.
subscribing hereunto 40 sincorporatOrs, all
over the age Of majority, all Of whom reside
In Minden. Webster Parish. Louisiana,
except ]. r. Basinger, who Is now resident
Of Bienville Parish, but who expects to
become a resident Of Benton, IL Bossier
Parish, Louisiana. at an early date, who
severally declared:
ARTICLE I.
That, availing themselves Of the pro-
visions of the laws Of the State Of Louis
lana, relative to the organization OF cor
porations. and especially of Act No. PCT
Of the General Assembly Of 1914. they do
hereby organize themselves, a. well as
such other persons as may hereafter be
associated with them, into corporation,
under the following provisions, to-wit:
ARTICLE II.
(a) The name of this corporation shall
porated.
(b) The objects and purposes for which
this corporation IL formed are hereby de-
clared. to be to build, own, and operate a
sawmill and planning mill and to do general
sawmill logging and lumber business, and
| a general business Of manufacturing. buy
ing and selling lumber and to buy and sen
real estate and timber and to operate II
connection with said sawmiIl business /
general merchandise business and general
II to do any and everything incidental or
necessary to sawmil, planning mill and
logging business.
(c) The capital stock Of this Corpora
ton shall be FIFTEEN THOUSA Doll
LARS ($15,OOO), all of which has been
already subscribed and paid for.
Id ,ihe capital stock Of this Corpora
tion may be increased to Fifty Thousand
Dollars, by complying with the provisions Of
Section s Of Act No. 267 OF 1914.
(e) Said capital stock IL divided Into
One Hundred Fifty Shares Of the par value
Of ONE HUNDRED DOLLARS per share.
% The dOmicile OF said Corporation
shall be in the town Of Benton, In Bossier
Parish, Louisiana. and all directors and
stockholders meetings shall be held at tie
ONCE OF the corporation, in Benton, La,
except that by and with the written consent
Of al the directors. said directors meetings
may be held elsewhere.
enjoy succession for a period OF twenty-five
{25) years from and after the date hereof.
unless sooner dissolved according to law.
{h) The affairs OF this Corporation shall
be vested In and exercised BY a Board Of
Directors, to be composed Of three stock
holders. elected annually. sssS
The Board Of Directors for the first year,
or until their successors are elected and
qualified. shall be the following: j. H.
Nelson, of Mfnden, La; s. W. Brown, Of
Mfnden, La. j. Il. Basinger, Of Benton, La.
~ The officers OF this Corporation shall
be President, vicepresident and Secretary
Treasurer. together with such other offcers
as the Board Of Directors may from time
to time see ut and proper to select.
The officers for the first year, or until
their successors have been elected and quail
ifed, shall be: James H. Nelson, President !;
]. +. Basinger, Vfcepresident; s. w.
Brown, Secretary Treasurer.
ARTICLE III.
The first annual meeting OF the stock
holders OF this Corporation shall be held ut
Benton, at the Office Of the Company, in
Bossier Parish, Louisiana. on the 18th day
Of December, 1922. and annually thereafter,
for the purpose OF eleeting 4 Board OF Direc-
tors for the coming year and for the coming
year and for the conduct Of such ether
business as may properly come before the
stockholders ut said times.
The Board of Directors, so Chosen, shall
at once organize and elect from among
their members President, and vicepres-
Ident, and Secretary Treasurer. The
Board Of Directors is vested with all cor
porate powers, subject to such restrictions
as are contained in this Charter, the Con-
stitution and laws Of the State Of Louis
lana, and the Constitution and laws OF the
United States OF America. Ii
The names and postolRces address 81 the
Subscribers to this Charter, and a state
ment OF the shares OF stock zach agrees to
take in the Corporation and the description
and valuation OF the property, il any, to be
given In exchange for stock, a. required BY
Section OF Article 267 OF 1914, are shown
By detailed and itemixed statement an
ncxed to and made q part Of this Charter,
In testimony whereof, the said parties
have Hereto signed their names In nv once.
u the presence Of Lille Wuod and N. e.
Woodland, competent witnesses, at Nfindcn.
In Webster Parish, Louisiana, on this. the
18th day Of December, 1921. after due read
ing Of the whole -
]. FL. NELSON. s Il
s. ". BRows tby ]. n. Nelson).
J. q. RAsINeER (by ]. II. Nelsonl.
n. II. MILLER.
Attest:
LILLrE WooD.
n T. wospAnD.
cHAs. u ROsEsrs,