The Colfax chronicle., 1904-06-25
Charter OF the J. w. Duncan
Company, Limited.
STATE OF LOUISIANA,
PARISH OF GRANT.

0IO03O anu
the aforesaid parish and State, personally came
and appeared the several persona, whose nance
are hereunto subscribed. who declared that avail
ing themselves of the provisions OF Act %. Of
Louisiana, as we'll as those of the general laws
Of said State relative to the formation Of corpor-
ations, they have formed themselves, their asso-
objects and purposes and under the agreements
hereinafter set forth which they adopt as their
charter.
The name of this corporation ehall be the J. w.
DUNCAN COMPANY, LIMITED, and by that
name il shall have the power and authority to
to enjoy succession for q period OF ninety-nine
(V9) years, to contract. sue and be sued. and to
use corporate seal; to hold. purchase. lease,
sell and hypOthecate, and mortgage real proper
ty, to pledge personal property. to borrow and
by mortgage or in any manner authorized by
law, to name managers aod agents that may be
necessary for the proper conduct of the business,
necessary for the proper conduct Of the business
u ''' 'Rr ARTICLE II.
The d0%icil of this corporation .hal Be in the
tons or other legal process shall be served on
the president, or in his absence on the secretary
ARTICLE III.
The objects and purposes of this corporation
are hereby declared to b. to engage in, carry on,
and to conduct q general mercantile business in
Quire real estate in connection with said bust
ness, and the same to sell, mortgage or hyDothe-
cate, and to do all thing. incidental to or apper-
to .na ns 81 e.
other points in Grant parish;
The capital stock Of this corporatiop is hereby
liked at Fifteen Thousand ($l5. .0DI Dollars. d.
vided into one hundred and fifty (l50) shares of
par value OF One Hundred ($l0O) Dollars each,
payable in cash its equi valent in cash in prop
for the benefit Of the corporation. The compa-
ny to begin operations as soon as Seven Thou
sand Five Hundred Dollars has been subscribed
anu psao i0l ARrIc,ry
An the corporate powers of this corporation
shall be vested in board of directors composed
OF five of the stockholders, who shall be elected
annually h on the rss Monday Of April Of each
be ]. W. Duncan. T. c. Bush, ]. Q. Long. C. H.
Teal and d. J. Duncan. who shall serve until their
Successors are chosen: Three members shall con-
etitute quorum Of the board Of directors for the
transaction of business. The officers Of this cor
poration shall be president. a vice president and
secretary and treasurer, and the first Of said off,
T. c. Bush. vice president: and J. O. Long, secre.
tary and treasurer: and they shall serve until
their Successors are chosen, and said officers shall
in each year. All stock Of this corporation shall
be evidenced by Q certificate issued and signed by
the president and secretary Of said corporation.
iIuuetofB Ou 8COck e0du De mace only on the books
OF said company under and subject TO rules and
rectors.
The board Of directors and otncers declared
above shah serve until their successors have been
duly elected at stockholders meeting to be held
on the first Monday Of April. 1905. and each year
thereafter. Notice Of this meeting shall be by
delivered in person to each stockhoIder or depos-
tied In the United States mail at least ten DAYS
before the date Of holding such election and also
published at the domicii Of said corporation. All
corporate elections shall be by ballot and ma
jority Of the paid up stock shall be necessary to
elect. and each stockholder shall be entitled to
cast either In person or by proxy one vote for
each share Of stock held BY him. The board shall
at it's frst meeting after its election elect presi
dent. vice president. q manager. and a secretary
and treasurer. The ONCE Of eecretary and treasu-
rsris hereby combined into one once. The board
shall elect such other officers a. they may deem
necessary for the proper conduct Of the business
u 'A' '"ps ARTICLE VI
Failure TO hold an election for directors on day
named shall not dissolve the corporation. but the
.ncumoent airsctors shan hold oyer until Their
ARTICLE VII.
meeting OF the stockholders may be called at
a2y time BY the board Of directors, and shall be
called BY the president at any time upon the writ
ten reqoest Of the stockholders owning at least
one han OF the capital stock Of said company.
Said meeting to be called a. herein above stated
CON-
Quoted in the same manner. and at all meetings Of
the stockholders q majority Of the amount Of the
capital stock OF this company shall constitute a
quorum for the t.snssstien ssrsc g Ts Ss business
This charter may be altered or amended or this
company dissolved with consent Of two-thirds Of
the outstanding stock. represented in person on
vened for that purpose after thirty days notice
shall have been given of such meeting and Of it,
objects BY advertising in 9 Newspaper published
increasrd or diminished in q manner and form as
provided BY general laws OF the State on these
subjects.
When this corporation shall be dissolved, either
by limitation or otherwise its affairs shall be liq-
Undated by three commissioner to be appointed
Tor this purpose at meeting Of the stockholders
at which 1t may be voted to dissolve this corpora
ton to be convened after Is days notice of it's oh
iect shah have been given In q newspaper publish
ed In Grant parfsh, State OF Louisisna. Said
commissioners shall remain In O1ice until the af-
fairs of the corporation shall have been liquidst-
ed. In case of q vacancy occurring In the board
Of commissioners those who remain shall continue
sioners shah erequIred to give bond for the iaitb-
fui performance OF their duties:
be held liable for the faults or responsible for the
contracts OF this corporation. it's agents. officers
or employees. In any further sum than the unpaid
balsnce due the corporation on the shares owned
sation have the effect of rendering this charter
mil, or Of exposing any stockholder to any liz
bility beyond his stock.
ARTICLE XI.
Any stockholder who may desire to sell his stock
shall list the same with the secretary and treasu
ref. and the same shall first be offered to the board
Of directors to be bought for the company, and
should they fail to buy the same at such price a.
may Be offered. bona hds. by any third person.
then he shall offer the same to the individual
stockholders, and he shall Rive them such OFFER
for thirty days before he shall b permitted to
sell thesame; provided this clause shall not apply
to transfers Of stock among the present stock
holders Of this corporation.
Thus done and passed IN my once In the parish
OF Grant on the day and date first above written
In the presence Of B. II. Jetef and =. B. Gray. CON-
petent witnesses Of lawful age, who have signed
their names tos.thsr with me Notary. and the ap-
pearefs herein, after due reading Of the whole.
c. h. Teal. per ]. w. Duncan, 10 Shares. $10oo %
B. c. Woodruff. per J w Duncan. shares $50 %
d. J. Duncan. per j. w. Duncan. 10 shares le0O %
r. y. 9. Duncan. perl w Duncan, 5shares 500 %
j. q. Long, 10 shares ree...-...........-.... 10oo %
J. w. Duncan. - ehareo--......--..-.-.-.. 5o0o %
T. e. busn. ~ shares 600 %
3. 3. B: B: ss1ss ssEE g ". r sos.s, S.afS5 rs5ii.
A.