The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1904-02-27

the capital stock has been paid for.
The stock shall be evidenced by GER
tificate issued and signed by the pres
ident and secretary Of said corpora
ton. Transfers OF stock shall he
made only on the books OF said Com
pany, under and subject to such regu-
lations and formalities as the board
Eof directors may prescribe.
ARTICLE V.
AllcOrpOrate powers of said cOrpOr-
alton shall be vested in and exercised
by a Board of Directors to be COM
posed OF four stockholders. The first
board of directors shall be composed
Of w. N. Greed, G. w. Williams, j. H.
Gibson and ID. w. Gibson, with G. w.
Williams as president. ID. w. Gibson
as vice president, w. N. Creed as gen
eral manager. and j. II. Gibson as
secretary and treasurer. who. Shall
hold Office until the first Monday in
January, A. ID. 1905. and until their
successors shall have been elected and
qualified, and annually thereafter
general meeting of the stockholders
shall be held Tor the purpose of elect
ing n board of directors to serve dur
ing the ensuing year and until their
successors shall have been elected and
qualified. Notice of this meeting
shall be given In writing and signed
by the president, and by him either
delivered IN person or deposited in
the United States mail. addressed to
each stakeholder, fully ten DAYS pre-
vious to holding such meeting. All
corporate elections shall be by ballot
and the vote of IL majority of the paid
up stock shall he necessary to elect
and each stakeholder shall he entitled
to cast either in person or by proxy
one vote for each share of stock held
by him. All vacancies in said board
OF directors shall be filed by it. The
board shall at its first meeting after
Its election elect from its members a
president. vice president, general
manager, and a secretary and treas
urer. The office OF secretary and
treasurer is hereby combined in one
Office. The board shall appoint such
other officers as 1t may deem neces-
sary. and shall have power to make
all necessary bylaws. rules and regu-
latiOns for the government OF it's az
fairs and the business Of this Compa-
NY and to change the same at it's |!
pleasure as 1t NAV determine.
ARTICLE vi.
A meeting of the stockholders NAV |,
be called at any time by the board Of |
and shall he called by the
president or vice president at any
time, upon the written request of the
owning at least one
third OF the capital stock OF said COM
pany. Said meetings to be called as
lereinabove stated with respect to
annual meetings and shall be con-
tucted In the same manner. and at
all meetings of the stockholders a
majority in amount of the capital
stock of this Company shall consti-
5ute a quorum for the transaction of
business.
ARTICLE VII.
This charter may be altered or
or this company dissolved,
With the consent of two-thirds of the
stock. represented in t
person or by proxy. at n meeting of
he stockholders convened for that
purpose after thirty days notice shall
lave been given of such meeting and
" its objects by advertising I'm a
newspaper published In the parish
md State aforesaid. The capital
took OF said corporation may be in
reased or diminished In the manner
md form provided by the general
Avs of Louisiana on these subjects.
ARTICLE VIII.
When this corporation shall be dis
olved, either by limitation or other
ause. its affairs shall be liquidated
nd its liabilities paid. and the bal
nee OF its funds If any be divided
no rata among it's stockholders un-
err the superintendent and charge
I three commissioners. to be appoint
4 for this purpose at any meeting of
ne stockholders at which it may he
oted to dissolve this corporation, or
t a general meeting of the stockhold-
-, to be convened after fifteen DAYS
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