The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1902-06-07

tract, sue and be sued, plead and be
and to acquire, sell, lease.
and pledge real and per-
sonal property, elect officers, make
bylaws. and generally, In the prose
cutiOn and for the purpose OF It's
to do any act and make all
competent to he made or
done by corporations under the laws
of this State.
ARTICLE III.
The dOmicfI 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. OPP
crate and maintain q cotton seed oil
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 be 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 be fixed In a board of
directors. composed Of seven persons,
who shall he Immediately elected on
the signing OF these presents by the
stockholders herein. A majority Of
said board shall constitute quorum
for the transaction of business. Said
board Of directors upon election
shall Immediately elect a President.
Vice President, and Secretary and
Treasurer. Said directors and officers
elected by them shall hold their off,
GERS until the first Monday in August,
1903, their successors to be elected on
first Monday in August, 1903, after
thirty days notice by publication in
q newspaper published I'm the town
OF COlfax, or by personal notice for
warded to each Of the stockholders
In this corporation at said date. sent
to such stockholders through the
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 successors
are elected and qualified. Atall meet.
ings Of the stockholders each stock.
holder shall be entitled to cast. either
In person or by proxy. one vote fol-
each share Of stock held by him. A
majority of the votes cast shall elect
or decide all questions before the meet.
Ing. Any vacancy occurring by death
resignation or otherwise shall he filed
by the remaining directors, the tiirec.
tor or officer elected to serve until
the next annual election.
The directors shall determine the
salaries and powers of their officers
respectively, and It IL provided that
all contracts, notes. checks. and all oh
legations Of the corpora ton, shall bt
signed by the secretary and treasurer
and cOuntersigned by the President.
power to appoint such other officers
clerks and employees as they may
deem advisable for the proper man
agement OF the business of the cor
poratfOn. and prescribe their duties
and ak their salaries. The Board q
Directors shall also have power tC
call special meetings Of the stock
holders at any time for the consider
alton of any business they may deem
proper, provided twO-thirds Of thu
stockholders of this corporation sig
nifty to them their desire for such &
meeting. Said special meeting to b
preceded by the same notice as Il
prescribed for the annual meetings..
The first annual meeting of thu
stockholders of this corporation
shall be held on the first Monday o
August, A. d. 1903. Until that datt
the following persons this day elected
shall compose the first Board of ID
rectors. viz: +. C. Bush, r. 8. Came
ron, w. p. Hayne. j. p. Lewis, J. HI
McNeely, ]. G. Smith and G. H. Teal
And the following officers, elected By
the said Board of Directors this day
j. H. McNeely. President; c. H. Teal
Vice President, and r. II. Cameron
Secretary and Treasurer. And undel
this organization business shall b'
immediately begun on the fling o
this charter.
ARTICLE vi.
It Ia expressly provided that M
stakeholder Of this corporation shall
have the right to sell any part Of hi
stock to any other person than 1
stakeholder or stockholders Of till
corporation until such stockholde
desiring to sell shall have the Secre
tary to enter notice of his wish SO Il
do on the books Of the company, ant
fifteen days shall have elapsed ate
lsaid notice is given on the books O
the company.
ARTICLE VII.
This corporation may be diseOlvet
with the consent of twO-thir1s Of Il
stock, represented at a special meet
ing for that purpose, called after Il
same notice has been given as Is pro
vided for annual meetings. And II
the event OF dissolution OF this cor
Up ,ration. the stockholders presen
shall elect two commissioners, WHIT
shall have power to liQuidate the al
fairs OF the corporation. This char
/ ter maybe amended or altered In an.
respect not contrary to law or tn
capital stock Be Increased or dimir