The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1889-10-12
mo. IS.
ares or other bonds. and to do a general
printing and publishing business.
ARTICLEy.


printing and publishing business.
ARTICLE
The capital stock of this corporation is
hereby liked at the sum Of one hundred
thousand dollars (Sl00,OQ0), divided into
two thousand {2000, shares Of fifty dollsrs
(s5O) each, with liberty "a commence
(S5O00) of the capital stock shall have
been subscribed. No STOCKHOLDERS shall
ever be held liable or responsible for tho
contracts Or faults Of this corporation In
further suni than the unpaid balance doe
on the shares Of stock held by him, nor
shall any mere informslity In the organi-
cation have tho fleet Of rendering THE
charter null or exposing = stcckholder 70
any liability beyond the amount Of HE
stick unpaid.
ARTICLE vi.
Subscriptions for shares in tho capital
stock shall he received only from trustees
elected by and representing sub 'rdinats
Farmers' Unions holding charters from
the state Farmers Union Of Louisiana,
and not from individuals. and applications
for shares must be accompanied by twen-
ty-fivs per cent in cash of the amount OF
stock subscribed, the balance to DO paid
within one year from the date 1T spplics-
ton, when certificates OF stock shall b.
issued in the name Of the trustee stock
holder as soon ~ the full amount sub
scribed for shall be paid mp.
ARTICLE VII.
Each subordinate Farmers Union sub
scribing for stock shall be entitled to Que
trustee stockhGlier who shall be tho rep-
ressntative of his subordinate union In
the corporation, giving to the president Of
bis subordinate union good and sufacieMe
bond In double the amount OF stock sub
scribed for the faithful performance Of bis
duty. The FIRST trustee stockholdsr shall
be elected by subordinate union when
ever the union decides to apply for stock,
and shall serve until the next annual
nn;cn a. vh;cS ~. srcre..c. s,.ii 4.
elcctsd to .ervs one YEAR and thsr..f Err
tha fruet.s .tocL ho Idsr sl,.iI ~ sIact~d 10
the .rhord;rste n,;or srnrs,Iv ~ tI,s
time NJ ths rsgn,ar aIsct;cr cS oeic.r.
.nr,r,y = ~,
AntOLG VIZ
an tne coIPosaso powers OF tniH co.por-
aaoa snai oe vts'eG ~ ana exercised oy
TUG s'u"too stocSnoioors ouly eiecteo' VINO
.hsii constitute 2 board OF directors for
wson, .S.I, co,,..;."t~ r,,"rr,s T.ci.
trrstae .scclSSiS.r shs,, - srt;tisd e. ~.
v,ts r., e.ch Srt~ doii.r .S.r" - ssocs,
snhscv;bsS ~ h;s rr;or TIs ScsrS -
d;rrc,ors At sIe;r Srst n,sst;r. ana ~, t,,s
| f3r.t W.dr csdev ther..tser ;,s JuIv ~ .sci.
wear which sh:p be thsir .rec.Isy .nrrs,
meet;ng shall eIact : ps.s;dsnt Vice nrs.;-
dent secretsrv and tressnrcr and shsIl
srrr;,s fror, ';r,a - time srd d;sr,;.. -
tPpC'n NIL; from sm.n v ms a." t
and employees as may Be deemed necessary
| for the business and purpose of THE sssc
| citation. and fix their remuneration. and
| i8x and establish e. we'll "A snnul aud sltee
all bylaws. rules and regulations deemd8
rronixite for the support and manaaement
of the sffnira and bnsiuesa of tina 0orporntiou
ARTrcr.HT
All Pronts earned small 90 applied nr@
70 pay 81 oPerst'ne oxPenses-secouo 20
pay ton Pc! cen! per sifhum interest," q
tue amount .. the Paso up cap,taa seoc.'
tne balance OF Pro1ts, my, sassi e az
vsdeo among tne saootoinsse unions noio-
ing ssoeH su.ocsn tr"s'oos ~ snis s.soc's-
,h = 10 - sno ss
"a sne,. Pu'0"@'os S''o sa'0s '"soass w.
sssocisuon'
AhiACLE A.
This act OF incorporation may be changed.
modified OF altered, or said corporation
may be dissolved with The consent al
three-fourths OF the membors 81 oiroctoge
a. any ssn:. meeting Of the said hoard
% 1 ss ., :ssa ssss s e: 1 ss,
n ~ .s,s naa;.s % sns o'n'f t@pe' pa''nea
~ '"o P"' .prvc, W
AhI1CLE Al.
Whenexar this cornorntiou may bo dIs
sol we'd. either by limitation Of It's charter.
or from any cause Its affairs shall be liqui-
dated by thee (3) commissioners to be ap.
pointed by the trustee STOCKHOLDERS at =
general meeting called Cor the purpose.
Said commissioners shall remain lie Of