The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1904-02-13

alive and go into effect when the
amount Of Five Thousand Dollars OF
the capital stock has been paid for.
The stock shall be evidenced by acer-
tificate issued and signed by the pres
ident and secretary of said corpora
ton. Transfers OF stock shall be
made only on the books OF said Com
pany, under and subject to such regu
latiOns and formalities as the board
OF directors may prescribe.
ARTICLE V.
Allcorporatepowers Of said corpor-
alton shall be vested in and exercised
by n Board OF Directors to be COM
posed OF four stockholders. The first
board of directors shall be composed
of w. N. Greed, &. w. Williams, j. H.
Gibson and d. w. Gibson, with G. W.
Williams as president. D. w. Gibson
az vice president, w. N. Creed as gen.
eral manager. and j. H. 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 a
general meeting of the stockholders
shall be 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
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 he by ballot
and the vote of n majority OF the paid
up stock shall he necessary to elect
and each stOckhoider 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 1t. The
hoard shall at it's first meeting after
it's election elect from it's members a
president. vice president, n 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
y
lations for the government of it's af-
fairs and the business of this Compa-
ny and to change the same at its
pleasure as 1t may determine.
ARTICLE vi.
A meeting of the stockholders may
he called at any time by the board Of
directors, and shall he called by the
president or vice president at any
time, upon the written request OF the
stockholders owning at least one
third of the capital stock OF said COM
pany. Said meetings to be called as
hereinaboye stated with respect to
annual meetings and shall lie con-
Quoted in the same manner. and Mt
all meetings OF the stockholders u
majority In amount OF the capital
stock of this Company shall cOnsti-
tute quorum for the transaction OF
business.
ARTICLE VII.
This charter may be altered or
amended, or this company dissolved,
with the consent OF two-thirds Of the
outstanding stock. represented In
person or by proxy, at a meeting Of
the stockholders convened for that
pun PO5C tAiCCf Sult ~ u0y - nOtiSC oA1AAa
have been given of such meeting and
of it's objects by advertising In a
newspaper published In the parish
and State aforesaid. The capital
stock of said corporation may lie In.
creased or diminished In the manner
and form provided by the general
laws OF Louisiana on these subjects.
ARTICLE VIII.
When this corporation shall be dis
solved. either by limitation or other
cause. it's affairs shall be liquitlated
and its liabilities paid, and the bal
ance OF its funds II any lie divided
pro rata among It's stockholders un
der the superintendent and charge
of three com missiOners, to be appoint
ed for this purpose at any meeting o.
the stockholders ut which 1t may bt
voted to dissolve this corporation, Ol
at a general meeting OF the stOckhold