The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1901-09-28

xIOvOUU uOt1C0 u OOt lcD0 bu0u tcu
days shall be given of each annual cleo
ti0n by publication IN q newspaper pub
lished In the town of Colfax, Grant par
ish, ii there be one, If not. 10 Newspaper
published nearest thereto in said parish,
and in case no election, for any cause, is
held on the day fixed in said notice, the
president of the board OF directors shall
call an election to be held thereafter as
soon M possible after three several week
~ notices in newspaper published in
the town Of Colfax, II there b one, il not.
in Newspaper published nearest thereto
In said parish.
A failure to elect board of directors
shall not forfeit the charter Of this cor
poratiOn, but the board of directors then
in ONCE shall remain in Office until their
successors are elected.
Article ".
The said board of directors shall make,
ordain and adopt such bylaws and rules
for the proper management of the affairs
Of the said corporation as may be peces-
sary and proper, in conformity with the
provisions Of the laws OF this State and
Of this charter, with authority such by.
laws To alter, amend or repeal at pleasure,
and they shall adopt for the uee of the
corporation a seal with such device as
they shall select.
Article vi.
/, Whenever this c0rpUratiop is dissolved
either by limitation or from any other
cause. it's affairs shall be liquidated under
supervision of three commissioners to be
selected by the stockholders from among
themselves at general meeting conveu-
ed for that purpose, after thirty days
prior notice by publication in rewapa-
per published in Collar, parish of Grant,
IT there be one, II not. in newspaper
published nearest thereto in said parish.
and with the assent Of the owners of
three-fourths OF the entire capital stock.
Said commissioners to remain in Office
until the affairs of said corporation rhall
have been fully liquidsted and settled,
and in case Of death Of one or more of
said commissioners, their survivors or
survivor shall continue to act.
Article VII.
This act OF Incorporation nay be chang
ed. modified or altered, and said corpora
ton may be dissolved at special meet
ing Of the stockholders convened for that
purpose after thirty days prior notice
by publication in a newspa ,,er published
in Colfax. parish of Grant, II there be one,
Il not, in newspaper published nearest
thereto in said parish, with the assent OF
three-fourths of the amount Of the entire
capital stock Of ssid corporation. Any
increase or decrease Of the capital of said
corporation shall require the assent of
three-fOurths in amount OF the entire
capital stock of the corporation, subscrib-
ed and paid for, and in addition to the
required thirty days prior notice by pub
location. a forty days prior notice in writ
ing OF any meeting called for that pur-
pose shall be mailed to each stakeholder.
Article viii.
No stakeholder shall ever be held liable
or responsible for the contracts or faults
or offences of said corporation IN any fur
ther sum than the unpaid balance due
By him on his shares Of stock.
Article TX.
The shares of this corporation shall be
personal property and shall be transfer
able only on the books of the corporation.
The following named persons shall
constitute the frst beard al directors, To-
WIT: ]. H. McNeely, ]. H. Williams, j.
W. Bolton, j. N. +. Elliott, N. Kicks, Jr.,
C. II. Teal. T. C. Bush, n. E. Swafford
as, .,. ~ sod - ws,;;a.s s ~ s;a
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p s smoS r.s,s;,a S" M, ~ se en. ,a,
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III =, ne.;s =. g. n. - . ,n.n Ina
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Article xi-
At all meetings of the stockholders for
the election of directors or any other pur-
pose. each stockeolder snail De ennt'ea