The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1904-02-20

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 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.
AllcOrporate powers of said corpOr-
alton shall be vested In and exercised
by a Board of Directors to he COM
posed of four stockholders. The first
board OF directors shall he composed
OF w. N. Creed, c. w. Williams, j. H.
Gibson and d. w. Gibson, with C. w.
Williams as president. ID. 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 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 be necessary to elect
and each stakeholder shall lie entitled
to cast either I'm person or by proxy
one vote for each share of stock held
by him. All vacancies In said board
OF directors shall be filled by 1t. The.
board shall at It's first meeting after
It's election elect from its members a
president, vice president, a 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 rs 1t may deem neces-
sary. and shall have power to make
all necessary bylaws, rules and regu-
latiOns for the government of It's at
fairs and the business Of this Compa-
ny and to change the same at It's
pleasure rs 1t may determine.
ARTICLE vi.
A meeting of the stockholders NAV
he called at any time by the board of
and shall be called by the
president or vice president at auy
time, upon the written request OF the
stockholders owning at least one
third OF the capital stock of said CON-
pany. Said meetings to he called IA
stated with respect to
meetings and shall be con-
hucted In the same manner. and at |
Ill meetings of the stockholders a
In amount Of the capital
stock OF this Company shall consti- |
tute a quorum for the transaction OF |
business.
ARTICLE VII.
This charter may he altered or |
amended, or this company dissolved,
with the consent of two-thirds of the
stock. represented In |
person or by proxy. at a meeting Of .
the stockholders convened for that !!
purpose after thirty days notice shall |:
nave been given of such meeting and
d Its objects by advertising In a
newspaper published In the parish
md State aforesaid. The capital
stock OF said corporation may be in
,reased or diminished I'm 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
md it's liabilities paid, and the bal
lnce Of It's funds II any be divided
'rO rata among It's stockholders I'M
Ter the superintendent and charge
i three commissioners, to be appoint-
d for this purpose at any meeting Of
he stockholders at which 1t may he
'oted to dissolve this corporation, or
It q general meeting of the stockhOld-
RI, Ito be convened after fifteen days