The Colfax chronicle., 1900-07-21
NO. 81

ny, crossing same in the NV u OF tn ,
| NE d Of section 80 township north.
range one (1) east, three hundred and
forty two (34O feet from the point on th !,
north line Of said section where the st.
Louis, Iron Mountain and Southern Rail
way Company line enters it. the angle o :
crossing being twenty-five degrees and
twenty-five minutes, thence in q westerl =
direction through the parishes OF Gran
and Winn to point on Red river be-
tween Montgomery and Colfax, at or
near Lake Nantaches, and to buy AMI
lease any connecting lines of railway. o.
form connection with any railway. and
to build such branches as may be deem
ed necessary, and to own and operate
any and all passenger and freight. trans
fer boats, telegraph and telephone lines.
that are necessary for the proper conduct
and management OF the affairs of the
corporation.
ART. g.. Capital stock of the corpora
ton shall be $4,000 90, and shall be di-
vided in $50 shares Of one hundred dol
lars each. Payment OF said stock shall
be made IN cash or its equivalent, at such
times and in such manner and upon such
notice as may be prescribed by the Board
of Directors. who shall have power to is
sue full paid worcestershire stock in pay
mens for property acquired, or for the
purchase o; franchises.
ART. 6.-All corporate powers OF this
corporation shall be vested in Board OF
Directors. The said board shall be elect
ed annually on the first Tuesday in July
of each year. The election shall be held
at the Office of the company, under the
supervision of three Commissioners ap-
pointed by the Board of Directors. A
majority of votes will elect, and one
vote shall be allowed for each share Of
stock represented by the holder in per-
son or written proxy. Thirty days notice
shall be given by newspaper published
at the domicil OF the company, or in case
there is no newspaper published there
then by newspaper published in the
parish where the dOmicii is located, prior
to The holding of the annual meeting.
The Board OF Directors shall, at the
regular annual meeting. elect ont of their
own number President, Vice President,
and also Secretary and Treasurer, who
may not be members of the board. Any
vacancy occurring from any cause shall
be filed by the remaining Directors. A
majority of Directors shall constitute u
quorLsl for the transaction of business.
ART. THE first Board of Directors
shall be, w. L. Whitaker, Sr., w. H. Ma
ss'' 1l' w y - ls.nel, ~ ~, s r. = 1I'gs-
~ Wh;snlar SaH q. ~ ss'm s 80 20 - wuon ~;
eral Manager; w. C. Roberts, Vice Presi-
r-,.'s.,' M. D, - !, :, n:os.eey snv
serve until the lst Tuesday in July, 1901,
- 's'' '"1,a =, =. org uu'y o'euteus
AIT. o.Iine Cnarter may De mounted
OF changeu, OF saiu corporation dissoiv
ed Win the consent OF the stocknOiders
noiuing tnree-fourtnso OF the capital Stock
OF tne corporation, at any general mech
ing oI Inc stocknoiaers convened tor
enat purpose aiter tnlrty Gays previous
nouce OF SAID meeting shall have been
published IN newspaper issued at the
domlci! OF the corporation. or. in case
gnere Is no newspaper published at the
nomlcii: tnen 10 2 paper puDiished ia
tne parish where the domicil IL located.
ART. 9.--Whenever the corporation is
by limitation or from any other
cause, the stockholders at general
meeting snah eiect Three iiquIdating
connnssloners OUT OF tnelr own number,
VINO snail nave iuii power 10 wind up ltx
anairs, dispose OF It's assetts, settle its
iaoinues. ana 9istr1oute the proceeds
among tne slocKnoiders' ana these COM.
nissioners snau remain ~ ONCE until
.ne = anaifs 81 Inc cofpofation are hqui-
1ateo ID iuil.
ART. ~: no stockholders shall ever
oe naole Ior the contracte OF fau'ts OF
said corporation IN any further sum than
me unpaid balance que the company ON