The Colfax chronicle., 1903-05-16
NO. %.

~ ~ S0e
per published In the town Of Col
fax, or by personal notice forwarded
to each OF the stockholders through
the U. s. mails by the President or
Secretary on or before the first Mon
day of March, A. ID. 1904, and OF each
succeeding year. At all meetings OF
the stockholders each stOckhOlder
shall be entitled to cast, either in per-
son or by proxy, one vote for each
share of stock held by him. A ma
iOrity of the votes cast shall elect or
decide all questions before the meet
ing. Any vacancies or vacancy oc-
curing by death. resignation or
otherwise shall be filed by the re-
manning directors, the director or
officer so elected to serve until the
next annual election. The directors
shall determine the salaries and pow
ers Of their officers respectively, and
It Is provided that all contracts,
notes. checks and all other Obliga-
tions of the corporation shall be Sign
ed by the secretary and treasurer and
countersigned by the president. uis-
less otherwise provided by the board
of directors. The board OF directors
shall have the power to appOintsuch
officers, clerks, and employees as they
may deem advisable for the proper
management Of the business OF the
corporation, and prescribe their du-
ties and fix their salaries. The board
of directors shall also have power to
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 the
stockholders of this corporation sig-
Nifty to them their desire for such
meeting. Special meetings to bepre-
ceeded by the same notice as is pre-
scribed for the annual meetings. The
first annual meeting of the estOckhOld-
ers of this corporation shall I've held
on the first Monday of April, A. d.
1904, and until that date the follow
ing persons this day elected shall
compose the first board of directors,
viz: William LaCrOix, Chas. HI. Teal,
James j. O'Quinn, John H. McNeely,
Albert A. Dean. ThOs. G. Bush, and
f. b. Gray. and the following officers
elected by the said board of directors
this day, viz: William LaCroix, pres
ident: Chas. HI. Teal, vice president;
and James j. O'Quinn, secretary and
treasurer. And under this organiza-
ton business shall be immediately
begun on the fling Of this charter.
ARTICLE vi.
1t is expressly provided that no
stockholder Of this corporation shall
have the right to sell any part OF his
stock to any other person than q
stockhOlder or stockholders Of this
corporation until such stockholder
desiring to sell shall have the secre-
tary to enter notice of his wish SO
to do on the books Of the company,
and fifteen days shall have elapsed
after said notice is given on the
books of the company, provided no
stockholder shall have the right to
purchase the said stock SO offered at
q less price than shall have been Of
fered to the stockho1der Offering to
sell, by an outside party In bona
fide Ofler.
ARTICLE VII.
This corporation may be dissolved
with the consent Of two-thirds OF the
stock represented Ht a special meet
pose called after the same notice has
been given as is provided for annual
meetings. And In the event Of dissO-
luton Of this corporation the stock
holders present shall elect two CON-
missiOners who shall have the power
to liQuidate the affairs of the cOrpOr-
alton. This charter may be amended
or altered In any reepectnOtcOntrary
to law, or the capital stock may be
increased or diminished at any special
meeting Of stockholders called for
that purpose after due notice as here
In provided for other meetings, two
thirds Of the stock present voting
therefor.
ARTICLE VIII.
No stockholder Of this corporation
shall ever be held liable or reepOnsi-
BILE for the faults or contracts OF this
corporation In any further sum than
the unpaid balance on the shares or
share Of such stockhOlder, nor shall
any mere .informality In the organi-
satiOn of this corporation have the
effect Of rendering this charter null
and void, nor Of exposing any stock
holder to any liability beyond that.
above stated.
Thus done and passed andssigned
In the town Of COlfax, parish Of Grant,
State of Louisiana, In the presence Of
Messrs. b. G. Woodruff and H. q.
Goodwin, two competent witnesses
Of lawful age. dOmiciled and residing
therein, on the day of the date first
above written, and after due reading
of the whole.
VIM. LACROIx, % shares.
q. H. TEAL, Is shares.
j. b. MCKNIGHT, 3 shares.
j. HI. McNEELY, 2 shares.
X. w. RICHARDSON, shares
w. b. CLARKE, ! share,
EARL ROBERTS, 8 shares,
j. q. LONG. share,
l.. H. JOHNsTON, 2 shares,
b. +. LEWIS, 2 shares,
7. C. BUSH, shares,
by j. HI. McNeely.
A. A. DEAN. 2 shares,
by j. H. McNeely.
g. A. MCKINNON, shares,
JAMES J. O'QUrNN, 4 shares,
Il. b. GRAY, 2 shares.
j. A. HYDE. 2 shares,
g. III. MCKNIGHT, 2 shares,
MRS. e. MCKNIGHT, 8 shares
Attest: by g. II. Mcknight.
b. G. WOODRUFF,