The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1904-03-05

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 he
made only on the books of said Com
pany. under and subject to such regu-
latiOns and fOrmalities az the board
OF directors may prescribe.
ARTICLE V.
All corporate powers of said cOrpor-
alton shall he vested in and exercised
by a Board of Directors to he COM
posed of four stockholders. The first
board OF directors shall be composed
of W. n. Greed. &. w. Williams. j. II.
Gibson and ID. w. Gibson, with G. w.
Williams as president. ID. w. Gibson
as 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 i'm
January, A. ID. 1908. and until their
successors shall have been elected and
qualified, and annually thereafter q
general meeting OF the stockholders
shall he 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 i'm
the United States mail, addressed to
each stakeholder, fully ten days pre-
viOus to holding such meeting. All
corporate elections shall he by ballot
ana the vote OF a majority of the paid
up stock shall he necessary to elect
and each stakeholder shall be 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 he filed by it. The |
board shall at its first meeting after
its 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 !
once. The board shall appoint such |
other officers as it may deem neces-
sary. and shall have power to make !
all necessary bylaws. rules and reg,!-
lations for the government of it's af-
fairs and the business OF this Compa-
ny and to change the same at it's
pleasure as it may determine.
ARTICLE VI.
A meeting of the stockholders NAV
be CALLED at any time by the board of
and shall be called by the
president or vice president at any
time. upon the written request OF the
owning at least one
third OF the capital stock of said COM
pany. Said meetings to be called as
hereinabove stated with respect to
annual meetings and shall be con-
incted In the same manner. and at
all meetings of the stockholders a
in amount Of the capital
stock of this Company shall constl-
ute a quorum for the transaction of
business.
ARTICLE VII.
This charter may be altered or
lmended, or this company dissolved.
With the consent of twO-thirds of the .
stock. represented i'm
person or by proxy. at a meeting of
he stockholders convened for that
purpose after thirty days notice shall
ave been given o: such meeting and
" it's objects by advertising in a
newspaper published in the parish
md State aforesaid The capital
took OF said corporation may be in
reased or diminished in the manner
nd form provided hy the general
Avs OF Louisiana on these subjects.
ARTICLE VIII.
When this corporation shall be dis
olved. either by limitation or other
anse. its affairs shall be liquidated
nd its liabilities paid. and the bal
nee of it's funds if any be divided
70 rata among it's stockholders I'M
err the superintendent and charge
! three commissioners, to be appoint
! Tor this purpose at any meeting of
ne stockholders at which it may he
oted to dissolve this corporation, or
u general meeting of the stockhold-
8, to he convened after fifteen daysI.