The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1902-06-14

COlfax Cotton OIL COn-
Pany, Limited
STATE OF LOUISIANA, /
DA nvcn nr> CnA~-n

on this the 18th day OF May, A. ID.
1902, before me, Earl Roberts, a No
tary Public duly qualified in and for
the said parish and State. and,in the
presence of the undersigned su5scrib-
Ing witnesses, personally came and
appeared the persons whose names
are hereunto subscribed. who in the
said presence declared that, awaiting
themselves of the provisions of the
constitution and laws o. the State
Of Louisiana, and specially of the
provisions Of Act No. SO of the Acts
Of the General Assembly Of said State
for the year 1883, they do by these
presents form themselves their sue
cessOrs and assigns, and such persons
as may become associated with them.
into a body corporate, under the
laws OF this State, set forth in the
following charter, tO-wit:
ARTICLE L.
The name of this corporation shall
be The Colfux Cotton Oil Company,
Limited, under which name 1t shall
have corporate existence and success
sion for a period of ninety -nine years
from this date. with power to con-
tract, sue and be sued, plead and be
impleaded. and to acquire. sell, lease,
mortgage antl<pledge real and per-
s0nal property, elect officers, make
bylaws, and generally. in the prose
cutiOn and for the purpose of Its
business, to do any net and make all
contracts competent to he made or
done by corporations under the laws
Of this State.
ARTICLE II
The domicil OF this corporation
shall be In the town of Colfax, Grant
parish, Louisiana, and all citations
and other legal process shall be serv-
ed on the president, or in the event
Of his absence from the office Of said
corporation, upon either the vice
president or the secretary and treas.
urer.
ARTICLE III.
The objects and purposes OF this
corporation shall be to construct. OBJ
crate and maintain n cotton seed oil
mill, for the manufacture of cotton
seed products. oil, soaps and other
OleaginOus compounds.
ARTICLE Nv.
The capital stock .of this corpora.
ton Is fixed at the sum of Forty
Thousand Dollars, divided into -Four
Hundred Shares of One Hundred Dol.
lars each, payable cash on the sign.
ing of these presents, or on the de.
mand of the secretary and treasurer
under penalty OF FORGETTING all shares
subscribed in this corporation.
Certificates for shares shall he sign.
ed by the president and the secre
tary. and shall be transferable on the
books OF the corporation upon the
surrender OF the outstanding certifi'
cate.
ARTICLE v.
The corporate powers of this cor
pOratiOn shall Ike fixed In n board ol
directors. composed of seven persons
who shall be Immediately elected on
the signing of these presents by the
stockholders herein. A majority O
said board shall constitute n quorum
for the transaction of business. Said
board OF directors upon their election
shall Immediately elect a President
Vice President, and Secretary and
Treasurer. Said directors and officer
elected by them shall hold their Off
Gers until the first Monday in August
1903. their successors to be elected or
first Monday in August, 1903, aftel
thirty days notice by publication II
a newspaper published in the towr
Of C0lfax, or by personal notice for
warded to each Of the stakeholder,
In this corporation at said date. sen,
to such stockholders through tn,
mails by the President or Secretary
on or before the first Monday of JULY
of the next and each succeeding year
The said directors and officers shall
hold their offices until their successor
are elected and qualified. Atall meet
ings of the stockholders each stock
holder shall be entitled to east, eithel
in person or by proxy. one vote fol
each share of stock held by him. i
majority OF the votes cast shall cleo
ordecide allquestions before the meet
ing. Any vacancy occurring by deatl
resignation or otherwise shall be filled
by the remaining directors, the tllrec
| tor or officer elected to serve unit
the next annual election.
The directors shall determine thu
salaries and powers OF their officer
respectively, and it IN provided that
all contracts. notes. checks, and all OBJ
legations of the corporation, shall b(
signed by the secretary and treasurer
and cOuntersigned by the President.
The Board of Directors shall hav(
power to appoint such other officers
clerks and employees as they may
deem advisable for the proper man
augment Of the business OF the cor
porati0n. and prescribe their duties