The Colfax chronicle., 1904-06-11
Charter of the J. w. Duncan
Company, Limited.
STATE OF LOUISIANA.
PARISH OF GRANT.

company LIiuSO0s
STATE OF LOUISIANA I |
PARISH OF GRANT. )
Ro n known and remembered that on this the
9Th day of May, A. D. 1904, before me, W. B.
viarke- n notary public, duly sworn. commie-
,ionsd and qualified according to law m ana TOT
he aforesaid parish and State. pers1nal,y came came
are hereunto subscribed. who declared that avaii.
ing themselves of the provisions OF ACT 30. OF
1883 of the General Assembly OF the state OF
T,ouisiana as we'll as those of the general laws
of said State relative to the formation OF corpor
atoms, they have formed themselves. their asso-
ciates and successors into corporation tor tne |
objects and purposes and under the agreements
set forth which they adopt as their
charter.
The name of this corporation shall be the y. w.
DUNCAN COMPANY. LIMITED, and BY that
name it shall have the power and authority 70
TO enjoy succession for q period OF nlnety-n1ne
tg9) years. to contract sue and be sIea. a91 20
sell and hypothecate and mortgage real proper,
ty, to pledge personal property. to borrow ana
to loan money. to give and to receive sec9rity
by mortgage or in any manner authofizeo py
law, to name managers aod agents that may Dc
necessary for the proper conduct of the business,
and to make such bylaws and rules as may De
necessary for the proper conduct OF the business
u '''' 'o ARTICLE II.
The domicil Of this corporation shall be IN the
town of Colfax, State of Louisiana, and all clfa-
tions or other legal process shall be served on
the president, or In his absence on the secretary
and treasurer. r
The objects and purposes Of this corporation
are hereby declared to b. to engage in, carry on
and to conduct general mercantile business IN
the town OF Colfax at retail or otherwise. " ac-
ouire real estate in connection with SAID busi-
ness and the same to sell, mortgage or hypothe-
cate and to do all things incidental to or apper-
tanning to the conduct OF general mercantile
business and tn establish branch stores at any
other points in Grant parish;
ARTICLE ~.
The capital stock of this corporation e hereby
fixed at Fifteen Thousand t$ls.000I Dollars. dl.
yided into one hundred and fifty (l5ol shares Of
a par vslue of One Hundred ($10o) Dollars each.
payable in cash its equi ivalent in cash IN prop
for the benefit Of che corporation. The compa-
ny to begin operations as soon as Seven Inou;
sand Five Hundred Dollars has been subscribed
and PAID for' anrIcLEv.
| All the corporate powers Of this corporation
shall be vested in board OF directors. composed
of five of the stockholders, who shall be elected
wear. The first board OF directors Is declared II
be j. w. Duncan, T. C. Bush, J. q. Long, G: H
| Teal and D. ]. Duncan, who shall serve until thei
stitute a quorum of the board OF directors for tn
transaction OF business. The officers of this cor
poration shall be a president, vice president N.
GERS are declared to be j. W. Duncan, president
T. c. Bush, vice president; and J. Q. Long. secrt
tary and treasurer; and they shall serve mt
their successors are chosen and SAID omceIs sna
be elected annually on the first Monday OF Apr
In each year. All stock Of this corporation sha
be evidenced by certificate issued and signed b
the president and secretary OF said corporation
Transfers Of stock shall be made only on the book
OF said company under and subject to rules an
regulations as may be made by the board oi q
rectors-
above shall serve until their successors have bee
duly elected at stockholders meeting to be he
? ON the first Monday Of April. 1905. and each yes
thereafter Notice OF this meeting shall be I
written notice, signed by the secretary and by hi
delivered In person to each stockholder, or depo
L tied in the United States mail at least ten da.
q ten days notice by publication in newspap
published at the domicil Of said corporation
: corporate elections shall be by ballot and a m
q iority Of the paid up stock shal, be necessary
. elect and each stockholder shall be entitled
? east either In person or by proxy one vote :
u each share OF stock held by him. The board sh'
at it's first meeting after its election elect pre-
| dent q vice president, q manager. and q secreta
and treasurer. The office Of secretary and treas
rer is hereby combined into one ofice. The boa
shall elect such other officers as they may det
, necessary for the proper conduct oil the Dusin'
:, Of the company.
!. Failure to hold an election TO- directors on q
| named shall not dissolve the corporation. but
D incumbent directors shall hold oyer until th
t, successors shall have been elected and quaiifed
4 ARTICLE VII.
y any time by the board OF directors. and shall
e, called by the president at any time upon the vi
Is ten request of the stockholders owning at ie
\, one half OF the capital stock oi said compa
" Said meeting to be called as herein above sta
with respect to annual meetings. and shall be c
Quoted in the same manner, and at all meeting
the stockholders a majority of the amount OF
capital stock Of this company shall conetltua
%, quorum for the transsction Of business
On ARTICLE VIII.
This charter may be altered or amended or
- <xfH Huvra
ed the outstanding stock. Represented In person
pd by proxy Mt meeting OF the stockholders 9
X. vened for that purpose after thirty days no
nc shall have been given of such meeting and OF
ed objects by advertising In newspaper publfs
"a In the parish OF Grant. The capital stock ma
80 increasrd or diminished In a manner and form
IL provided by general laws OF the State on u
,er subjects.
:" When this corporation shall be dissolved eli
H. by limitation otherwise. its affairs shell be
uidated by three commissioners. to be appolI
for this purpose at a meeting OF the stockhoi
10 at which it may be voted to dissolve this corp
CO tion to be convened after Is days notice OF its
lst ject shall have been given In newspaper pub
I | ed In Graut parish, State Of Louisiana.
r. commissioners shall remain In Office until the
~ fairs of the corporation shall have been Iiqui
IN of commissioners those who remain shall cont
~, to act and to dll the vacancy The said com
vh' sioncrs shall be required to give bond for thef'
ne full performance Of their duties.
rts Tne M % .nIs r resnonshs for
| contracts of this corporation, its agents, on
or employees. In any further sum than the nm
balance due the corporation on the shares o.
by him. nor shall any mere informaiity IN orr
EEL zatiou have the effect OF rendering this chi
60 null, or OF exposing any stockhoider to an,
'S,' bility beyond his stock.
ii. ARTICLE XI.
Irs- ANY stoekholder who may desire to sell his
-: shall list the same with the secretary and tr
din rer and the same shall first be offered to the
vel of directors to be bought tor the company
nen should they fail to buy the same at such pri
a. may be offered bona fide, by any third pc
"A. az then he shall offer the same to the indiv
BIT ockholders and he shall give them such
for thirty days before he shall be permittt
a. sell the same; provided this clause shall not
clc- to transfers Of stock among the present 9
Om- holders OF this corporation.
ters Thus done and passed in my ONCE In the
Tt,. OF Grant on the day and date hrst above WI
4 A. In the presence Of r. X. Jeter and r. b. Gray,
Col petent witnesses Of lawful age, who have 8
their names together with me Notary, ana q
pearers herein, after dne reading Of the whoi
G. H. Teal per j. W. Duncan, 10 shares. ~
I. &c Woodruff per J.W Duncan, shares
hu- D. j. Duncan per j. W Duncan. 10 shares II
kan R. M. c. Duncan per w Duncan. bshsres
-. J. q. Long 10 shares
put j. W. Duncan, 30 shares. 5
ely; r. C. Bush, 60 shares...-.....--
70 Oh JFTER. a w. b. CLARK
ptlc c. B. GRAY. US Notary Pu