The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1904-03-12

the capital stock has been paid for
Inc stock shall be evidenced by a Ger
tihcate issued and signed by the pres
ioent ana secretary of said corpora
tiOn. Transfers OF stock shall b,
made only on the books of said Com
pany, under and subject to such reyu
latiOns and fOrmalities as the board
OF directors may prescribe.
ARTICLE v.
AHcOrpOratep powers OF said corpor.
ttion snail be vested In and exercised
by Board OF Directors to he com
posed OF Tour stockholders. The first
BOARD OF directors shall he composed
Oh W. N. Creed, G. w. Williams, j. H.
Gibson and ID. w. Gibson, with C. w.
Williams as president. d. W. Gibson
as vice president, w. N. Creed as gen
eral manager. and j. H. Gibson as
secretary and treasurer. who shall
mold office until the first Monday i'm
January. A. ID. 1905. and until their
successors shall have been elected and
qualified, and annually thereafter a
general meeting of the stockholders
shail he held for the purpose of elect
ing a board OF directors to serve dur
ing the ensuing year and until their
successors shall have been elected and
qualified. Notice of this meeting
snail he given I'm writing and signed
1y the president, and by him either
dehvered In person or deposited I'm
the United States mail, addressed to
each stOckhOlder, fully ten DAYS pre-
vious to holding such meeting. All
corporate elections shall he by ballot |
ana the vote of majority of the paid |
up stock shall be necessary to elect
ana each stakeholder shall he entitled
10 cast either I'm person or by prOxv
Dne vote for each share of stock held
Dy MN. All vacancies in said board
d directors shall be filled by It. The
BOARD shall at its first meeting after
Us election elect from it's members n
president. vice president, a general
manager, and a secretary and treas
lrer. The office of secretary and
treasurer Ia hereby combined in one
'flce. The board shall appoint such
'tner officers rs. 1t may deem neces-
airy. and shall have power to make
vi necessary bylaws, rules and reou-
atoms for the government of its nj
airs and the business of this Comma
y ana to change the same at its
MEASURE as 1T may determine.
ARTICLE vi.
a meeting OF the stockholders NAV!
called at anytime by the board oil
irectors, and shall he called py the
resident or vice president at any
me, upon the written request of the I,
-ockhOlders owning at least one fl
liru OF the capital stock of said COM l
any. Said meetings to he called as s.
ereinabove stated with respect toll
nnual meetings and shall be con-
icted In the same manner and Mt
| meetings of the stockholders n
In amount of the capitaI
ock OF this Company shall cnnsfi-
tie quorum for the transaction ri fo
isiness. OF
ARTICLE VII. pr
This charter may be aItered or D;
nended, or this company dissolved re
lth the consent of two-thirds Of the al
stock. represented I'm Isl
rson or ny proxy, at a meeting of 81
e stockholders convened for that
rpose after thirty DAYS notice shall Fl
We been given of such meeting and
its objects by advertising in ID,
wspaper published In the narish
y otate aforesaid. The capital =
'ch VI saiu corporation may be in
ased or diminished I'm the manner
FORM provided by the general 3
vs. OF Louisiana on these subjects. h
-. ARTICLE VIII. b
men this corporation shall he dis. IS
ved. either by limitation or other
use. It's affairs shall be liuuidated :
It's liabilities paid, and the bal
e Oh lts funds II any be divided +
rata among it's stockholders nm p
the superintendent and charge
hree commissioners, to be appoint Il
or this purpose at any meeting of
stockholders at which It NAV be es
ed to dissolve this corporation. or Il
general meeting of the stockhold-
to be convened after fifteen DAYS