The Colfax chronicle., 1900-07-14
NO.36

NY. crossing same in the NV n of ths
NE ID Of section %. township north,
range one ~ east, three hundred an |
forty two DAD feet from the point on tn (,
north line OF said section where the St.
Louis, Iron Mountain and Southern Rail
way Company iilie enters it. the angie o
1 crossing being twenty. five degrees AMI
I twenty-five miisutes, thence in westerl ,
direction through. the parishes OF Gran,
and.Winn to a point, op Red river BY
tween Montgomery and Colfax, at o /.
| near Lake NantaGhAs, aud to. buy ain |
lease any cQ9aeSting lines Of railway, o
form cqp6eEfion with any railVsy. and
to bufid 5uch branches as may be'deem-
ed necessary, and to oHn andsoperats
any and all passenger and freight, trans
fer boats; telegraph and telephone lines.
that are necessary for tho proper conduct
and management OF the affaire Of the
corporation.
| Arr. 5.--Capital stock of the corpora
| fion shall be $4,000 20, 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 70 is
sue full paid -assessable stock in pay
mens for property acquired. or for the
purchase OF franchises.
AIT. 6.--AiI 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 tho
c,1porx-scs<Sr, oP <lron Tor,
pointed by the Board of Directors. A
majority Of votes will elect, and ono
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 q newspaper published in the
parish where the domicil is located, prior
to the holding of the annual meeting.
The Board OF Directors shall, at the
regular annual meeting. elect ont of their
twn number President, Vice President,
and also 4 Secretary and Treasurer, who
may not he members of the board. ANY
vacancy Occurring from any cause shall
be filed by the remaining Directors. A
majority of Directors shall constitute
quorum for the transaction Of business.
ART. THE first Board OF Directors
shall be. w. L. Whitaker. Sr., w. H. Ma
son, Jr., w. L. Whitaker, Jr., j. d. Grigs-
by, snd w. G. Roberta OF whom w. l..
Whitaker, ST., shall be President and Gen.
erai Manager; w. G. Roberts, Vice Prtsi-
dent; w. L. Whitaker, Jr., Secretary and
Treasurer. The Board of Directors shall
serve until the 1st Tuesday in July, 1901,
or until their enccessofs are duly elected.
Art. 8.&The Charter may be modified
ed, with the consent of the stockholders
holding e-fourths of the capital stock
of the corporation, at any general meet
ing Of the stockholders Convened for
that purpose. after thirty days previous
notice of said meeting shall have been
published in y newspaper issued at the
domicil Of the corporation, or. in case
there is no newspaper published at the
domicil. then in paper Published in
the parish where the domicfl is located.
AIT. 9.--Whenevee the corporation is
dissolved by limitation or from any other
cause. the stockholders at general
meeting shall elect three hquidating
commissioners out OF their own number,
who shall have full power to wind up its
affairs, dispose OF its assetts, settle its
liabilities. and distribute the proceeds
among the stockholders, and these COM
missioners shall remain in Office until
the affairs Of the corporation are liqui-
dated in full
ART. 10. = No stockholders shall ever
be liable for the contracts or faults Of
said corporation in any further sum than
the unpaid balance due the company ON
shares OF stock owned by him.
ART. 11.--All the shares OF the capital
stock shall be subscribed for and ten
per cent OF the amount paid to the treas
urer before any work Of construction
shall be done. And the undersigned do
hereby subscribe for and agree to pay
for, iE accordance with this Act Of In
corporation, the shares Of this corpora
tion as follows.
w. L. Whitaker, ST., 123 shares.
w. L. Whitaker, Jr., 123 shares.
w. II. Mason, Jr., shave.
q. NJ. ID. Grigsby, share.
]. D. Grigsby. / share.
w. G. Roberts, share.
In testimony whereof we hereunto SUBJ
scribe our names in the presence OF said
Notary and two witnesses Of legal sgo
and domicil.
This 18th day Of June, A. D. 1900.
w. L, WHIrAxER. SR.,
g. NJ. d. GRIGsBY,
by w. Il. Whitaker, Sr., sttOrney in fact,
w. H. Mason. JR.,
J. D. GR1GsBY,
by w. L. Whitaker, Sr., attorney in fact.
w. l. WHIrAKER, JR-
by w. L. Whitaker, ST., attorney in fact,
w. G. RoBERrs.
Witnesses
A. p. WILr1AMs,
J.. S. BUTLER.
Subscribed and sworn to before me
this June 18th. 1900, ut Alexandris, Rap
ides Parish, louisiana
J.. II. STATHAM,
[sEAL] Notary Public.
have examined the above and fore