The Colfax chronicle., 1904-07-09

er, 6. P. A., Dallas, Texas.
Charter Of the ]. w. Duncan
Company, Limited.
| SrATR OF LOUISIANA,
PARIsn OF GRANT.
| Be it known and rsmembered that on THE the
18th day Of May. A: D. 1sot, before ne. ". B.
stoned and qualified scecriins 70 Law IL and for
and appeared the several persona, whoee names
arc hereunto subscribed. who declared thet avail
ing thsmssvss Of ths provislonsn . Of "a Act .s =: Of Of
Louisiana, - veil ss those Of the general laws
Of said State relative TO the formssioo 81 eorpor
ations, they have formed themselvees their $50
hereinafter st forth which they sdept = their
charter.
The name ri this corporation shall b. the ]. W.
DUNCAN COMPANY, LIMITED. and b. that
name it shall have the pSwer and authority to
| (9V years. 10 contract. sue and be sued. and to
use Corporate seal; TO hold. parchsee. lease,
ssli and hyPoshse.ts: spd %osts.cs rs.. DropssSi per-
70 loan money. to give and 70 receive security
| By mortgage OF in amy manner authorized By
lsw to nam. m.nasss 400 .ssns: e ~. tnIs may D
and to make srch by-lavs and rules - may be
necessary for the proper conduct OF the business
OF 'he 00rp0'a''xSiR ARTICLE II.
The domicil Of this corporation ehall be in the
town Of Colfax, State Of Louisiena, and all cita-
Or Stnsr ie: ss: e on
ARTICLE III.
| The objects and purposes Of this corposstion
and To conduct Geueral mercantile business in
the town of Collar at retail or otherwise. to ac-
quirs real estate in composition % With said bTsi-
cate and to do all things Incidental to or apper-
tanning to the condnct Of 2 general mercantile
business, and to establish branch stores 1t any
other points in GrMnt parrish.
ARTICLE ~.
| The capital stock Of this corporntion is hereby
tied a. Fifteen IhSussnd S;lso 9I.d, Dollar di;
par value Of One Hundred i9i0o) Dollars each.
payable in cash or its equivalent in cash in prop
y S e. e Other K % n:sd
sand Five Hundred Dollars has been Subscribed
ana pad ior' ARr1cLrv
An the corporate powers Of this corporation
shall be vested in . board Of directors. composed
Of i've of the stockholders, who shall be eiected
year The first board Of directors il declared to
be ]. W. Duncan. +. c. Bush, J. Q. Long, c. H.
Teal and d. J. Duncan, Who shall serve until their
stitute quorum Of the board Of directors for the
transaction Of business. The officers Of this cor
poration shall be president. vice president and
Gers are declared to be J. W. Duncan. president;
T. c. Bush. vice president; and J. O. Long, secre-
tary and treasurer; and they shall serve until
be s.ecfsd annually on the arst Monday * April
| in each year. All stock Of this corporation shall
be evidenced BY certificate issued and signed by
Transless Of stock shah be madeoaly on the books
| OF eaid company unds1 and subject to rules and
resulations - may be madeby the board Of d.
| rcctors.
Ths board Of directors and officers declared
above shall serve until their Successors have been
duly elected at stockholders meeting to be held
s%sesfser % @ Motto. q tSs nssti:e % % sss mi Ss Sy
written notice, signed by the secretary and by him
delivered In person to each stOckhOlder. depos-
before the date Of holding such election and also
| q ten days notice by publication In . newspaper
published at the d0micl Of said corporation. An
jority Of the paid up stock shall be necessary to
elect, and each st0ckholdef shall be entitled to
cast either In person cr by proxy one vote for
at its first msstine after ts election elect psssi.
dent, . vice president. managef. and SECRETARY
and treasursr. The Once Of secretary and treasu.
reris hereby combined into one ONCE. The board
shall elect such other officers a. they may deem
necessary for the proper conduct Of the businsss
Of the company.
Failure tn hold an election for directors on day
named shall not dissolve the corporation but the
incnmbent directors shall hold oyer until their
saecss'os shall have yr ben elected @ aud quaiihed
meeting Of the stockhOldern may be called st
any time by the board Of directors, and shah be
ten reqcest Of the stoekboidsrs owning At least
one hah Of the capital stock of said company
Said meeting to be called AZ herein above stated
With respect to annual mertlngs and snail be con-
Quoted in the aame manner, and at an meetings oI
the stockholders a majority Of the amount of the
capital stock Of this company shan constitute a
quorum for the ssfrr:ct'S' sST;S Sf, e business.
This charter may be altered or amended or this
company dissolved with consent Of tw0-thirds Of
prosy at msssns q The "toetSossrs x CON
veped for that purpose after thirty days notics
shah have been given Of such meeting and Of its
e. pss. ~
inereasrd or diminished In manner and form a
provided By general laws Of the state on thess
subjects.
when thls corporation shall be Dissolved, eftheu
by limitation otherwise ito afInirs shall be I0
S s &. s
at which u may be voted 70 dissolve this corpora
ti0n to be convened after Is days notice Of It's oh
ID s'e Grant psr stste Of sss
commissioners shall remain in ONCE until the nj
fairs Of the corporation shall have been liquidat
to act and TO nm the vacancy. The said commits
sioners shall bersquired to Give bond for the faith
full performance Of their duties
| ARTICLE X.
The stockholders of this corporation shall never
be held liable for the faults responsible for ths
contracts Of this corporation. its agents, ofcers
or employees. In any further sum than the unpaid
balance due the corporation on the shares owned
BY him. nor shall any mere informallty in oreani
sation have the effect Of rendering this charter
null. or Of exposing any stockholder to any La
bility beyond bis stock.
| ARTICLE xY.
Any stockholder who may desire to sell his stoeh
shall list the same with the secretary and treasu
rer, and the shall frst be offered to the board
Of directors to be bought for the company and
should they iail to buy the anne at such price A
may be offered. bona hde. by any third person
then he shall offer the same to the individual
stockholders. and he shall Eive them such Offer
for thirty days before he shall be permitted to
cell the same: provided thia clause shall apply
to transfers Of stock among the present stock.
holders Of this corporation.
Thus done snd passed in my Of6ce In the parish
OF Grant on the dny and date lrst above written
In the presence Of r. r. letter and r. b. Gray, com
petent witnesses OF lawful age. who have signed
their names together with me Notary and the ap-
pearefr herein. after due reading OF the WHOLE
G. II. Teal. per J. W. Duncan, 10 shares. 5000 o.
&c. Woodruff, Der ] w Duncan eharee 500 "a