The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1904-02-06

viOus to holding such meeting. AL
corporate elections shall be by ballO-
and the vote of a majority OF the pai(
up stock shall be necessary to cleo
and each stakeholder shall be entitled
to cast either in person or by proxy
one vote for each share of stock hello
by him. All vacancies In said board
of directors shall be filled by 1t. TIL,
board shall at its first meeting after
Its election elect from it's members 6
president, vice president, a genera
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
all necessary bylaws. rules and regu
latiOns for the government of it's af
fairs and the business OF this COmpa.
ny and to change the same at it,
pleasure as it may determine.
ARTICLE vi.
| A meeting of the stockholders may
be called at any time by the board OF
| directors, and shall he called by the
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 az
hereinabOve stated with respect to
annual meetings and shall be con-
Quoted In the same manner. and at
all meetings OF the stockholders a
majority In amount Of the capital
stock OF this Company shall cOnsti-
tute a quorum for the transaction OF
business.
ARTICLE VII.
This charter may be altered or
amended, or this company dissolved,
with the consent of tw O-thirds of the
outstanding stock. represented in
person or by proxy, at a meeting of
the stockholders convened for that
purpose after thirty days notice shall
have been given of such meeting and
OF its objects by advertising in n
newspaper published in the parish
and State aforesaid. The capital
stock OF said corporation may be 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 liquidated
and its liabilities paid, and the bal
ance OF its funds II any be divided
pro rata among its stockholders I'M
der the superintendent aud charge
OF three commissioners, to be appoint
ed for this purpose at any meeting of
the stockholders at which it may he
voted to dissolve this corporation, or
at a general meeting of the stockhOld-
ers, to be convened after fifteen days
prior notice Of its objects shall have
been given In q newspaper published
In Grant parish, Louisiana. Said
commissioners shall remain In Office
until the affairs of said corporation
are liQuidated and it's liabilities set
tied. In case of a vacancy occurring
In the board Of commissioners those
who remain shall continue to act and
shall fill such vacancies. The said
commissioners may be required by
the stockholders to give bond for the
faithful performance OF their duties.
ARTICLE TX.
The stockholders of this corpora
ton shall never be held liable for the
faults or responsible for the contracts
OF this corporation, it's agents, off,
GERS. or employees, in any further sum
than the unpaid balance due the cor
pOratiOn on the shares owned by him,
nor shall any mere informality in or
ganizatiOn have the effect of render
ing this charter null, or of exposing
any stakeholder to any liability be-
yOnd his stock.
ARTICLE X.
Any stOckhOlder being in full pos
session and having full ownership
and control OF any portion OF the
capital stock of this corporation who
may desire to sell same. shall first
give an opportunity to the board of
to purchase the stock for
the Company at such price as may
be offered, bona fide, by any third
person, and In case of their refusal or
failure to buy. then to each of the In
stockholders, and he shall
give them such offer for thirty DAYS
before he shall be permitted to sell
the same, provided this clause shall
not apply to transfers of stock among
the present stockholders of this cor
pOration.
In testimony whereof we hereunto
set our hands and seals on the day
lpsh1 0tiOC hiot ttOOSC WIlttcu Ill tnt
presence OF NJ. J.. Ferris and w. B.
Garrett, competent witnesses, who
Sign their names together with me,
Notary, and the appearers herein, az |
ter due reading of the whole.
w. N. CREED.
e. w. WILLIAMS.
j. HI. GIBSON.
ID. w. GIBSON.
Attest:
NJ. L. FERRIS.
w. b. GARRETT.
URIAH Z. DEWITT,
0S Notary Public.
Having examined the within and
charter, and finding moth
ng therein contrary to the laws of
l hereby approve the
same. JAS. ANDREWS,
Dist. ATTY. 18th Jud. Dist, La.
STATE OF LOUISIANA
PARISH OF GRANT,
Clerk and Recorders Office.
hereby certify that the above and
is a true and correct COPY
II the original charter or act of incOr-
)OratiOn OF DeLartigO Lumber Com
,any, Limited, now on file and of
ecOrd In this Office. Filed for record
md recorded February LIST. 1904, reg
ster No. 265, Book "H" of mort
,ages.
Given under my hand officially this