The Colfax chronicle., 1904-06-04
Charter of the J. w. Duncan
Company, Limited.
STATE OF LOUISIANA, I.
PARISH or GRANT

| STATE OF LOUISIANA,
PARISH OF GRANT.
Be it known and remembered that on this tn,
18th day of May, A. D. 1904, before me, W. b
clarke, notary public. duly sworn. commits
stoned and qualified according to law in and fo
the aforesaid parish and State, personally came
| and appeared the several persons, whose name.
are hereunto subscribed. who declared that avail
laSs. OF the General Assembly of the State Of
Louisiana, rs well as those os the general laws
OF said State relative to the formation of corpor
ations, they have formed themselves, their asso
crates and successors into q corporation for the
objects and purposes and under the agreements
hereinafter set forth which they adopt as theil
charter.
ARTICLE
DUNCAN COMPANY, LIMITED, and by that
name 1T shall have the power and authority to
70 enjoy succession for a period Of ninety-nine
lgS) years. to contract, sue and be sued and to
use corporate seal; to hold. purchase. lease,
sell and hypothecate, and mortgage real proper
~, to pledge personal property. to borrow and
10 loan money. to give and to receive security
Dy mortgage or In any manner authorized by
law. TO name managers and agents that may be
necessary Tor the proper conduct of the business,
ana TO make such bylaws and rules as may be
necessary for the proper conduct of the business
OF the corporation.
The domioi, ot Article AR aolaE,II;o, II; .,.u,
town OF Colfax. State of Louisiana, and all eta
tions or other legal process shall be served on
.he president, or in his absence on the secretary
ARTICLE III.
Inc onJects and purposes OF this corporation
are hereby declared to be to engage in. carry on
and TO conduct general mercantile business in
tne town OF Colfax at retail or otherwise to ac-
quire real estate in connection with said busi-
ness, and the same to SELL mortgage or hypotbe
care, and to do all things incidental to or apper-
business. and to establish branch stores at nnv
other points In Grant parish.
ARTICLE Nv.
Ihe capital stock of this corporation ia hereby
fixed at Fifteen Thousand (si5.OOOl Dollars. d;,
vIded into one hundred and fifty {I5O) shares of
a par value of One Hundred ($lOO) Dollars each.
payable IN cash or its equivalent in cash in prop
eerly, merchandise or other property to be used
Tor the benefit OF the corporstion. The compa
ny 70 oegln operations as soon as Seven Thou
sana rive hundred Dollars has been subscribed
ARTICLEv.
All the corporate powers OF this corporation
snaai De vested in board of directors. composed
OF fve OF the stockholders who shall he elected
on the first Monday of Anril Of aoch
year The first board OF directors is declared to
pc j. w. Duncan. Il. c. Bush j. O. Long C. Fl
l eal ana ID. D. Duncan who shall serve until their
successors are chosen. Three members shall con-
sttute q quorum OF the board Of directors for the
transaction OF business. The officers of this cor
poration snall be president. vice president and
'ecretary ana treasurer, and the first OF said off,
,ers are declared to be J, W. Duncan president.
1. T. Bush, vice president; and J. O. Long, secre-
lary ana treasurer; and they shall serve until
-neir successors chosen and said officers shall
De elected annually on the first Monday of Ami,
n eacn year All stock OF this corporation shall
De evidenced by certificate issued and signed bv
ne ne president and secretary OF said corporation
ruhsers OF stock shall be made only on the books
y sald company under and subject to rules and |
ectOrs.
The board of directors and o4,.srs aao,,,
lbove shall serve until their successors have been
uiy elected at stockholders meeting to he held |
"a the nrst Monday OF April. 1905, and each year
hereafter. Notice OF this meeting shall he nv |
7ritten notice signed by the secretary and by him
enVered IN person to each stockholder or depos- |
ted In the United States mail at least ten days |
eIore the date OF holding such election. and also |
Ten DAYS notice by publication in a newspaper |
abhshed at the domicif of said corporation An 1
elections shall be by ballot and a ma
,rity OF the paid mp stock shall be necessary to
'ect, and each stockholder shall be entitled to
ast either IN person or by proxy one vote forj
acn snare OF stock held by him. The board shall
I its hrst meeting after its election elect presi-
yd yd', vice president manager. and secretary
no treasurer The Office Of secretary md treasu-
sr u hereby combined into one Office The board
nail elect such other officers as they NAV deem
eeessary . Ior the proper conduct OF the business
the company.
ARTICLE vi.
FAILURE to hold an election for directors on day
aned shaii not dissolve the corporation but the
icumpent directors shall hold oyer until their
iccessors shall have been elected and qualified.
ARTICLE VII
A meeting OF the stockholders mny be called at
ny time by the board OF directors, and shall be
illed by the president at any time unon the writ.
IN request OF the stockholders owning at least
ne nan OF the capital stock of said compapv |
alu a meeting to be called as herein above stated
itn respect TO annual meetings. and shall be con-
ucted IN the same manner. and at all meetings of
lie stockholders majority of the amount of the
lpl.an .r stock to- OF this company shall constitute
uoruni ior the tralsaction Of business.
ARTICLE VIII Il
Th's charter may be altered or amended or this
'mpany dissolved with consent OF two-thirds of
,e , ou.s.andins stock, represented in person or
proxy, at meeting Of the stockholders con-
'ned Tor that purpose after thirty days notice
laI have been given OF such meeting and of ito ,
'!ec.s py advertising In newspaper published
the parish OF Grant, The capital stock may he
creasrd or diminished in a manner and form os
biects. ''o
ARTICLE TX.
men TINS corporation shall be dissolved either
limitation or otherwise its affairs shall be Ijn
aateo py three commissioners to be appointed |
tnis purpose at meeting OF the stockholders
"hicn IL may be voted to dissolve this corpora 8
on TO be convened after Is days notice of it's Oh :
Z snaii nave been given in a newspaper publish
IN urant parish, State OF Louisiana. Said Z
'nmissioners shall remain In Office upti the AT :
ITS OF the corporation shall have been liguidat-
I. In case OF vacancy occurring in the board .
1 eoinmlssioners those who remain shall continue
act ana 10 I'LL the vacancy. The said commits | ,
lners shall be required to give bond for the faith
performance OF their duties. ;
-, ARTICLE Y.
ne stockholders of this corporation shall pevar :
held liable for the faults or responsible for tho
htracts OF this corporation its agents officers
employees, IN any further sum than the uppoid | q
nance que the corporation on the shares owned q
MN; nor SHAH any mere informality in orcaDi- =
S,oh nave the effect OF rendering this charter 8
II, or OF exposing any stockholder to any lia- n
ity beyond his stock
ARTICLE xI. ~,
Any stockholder who may desire to sell his stoct !;
ali iist tine same with the secretary and treasu -
and the same shall first be offered to the board h
directors TO be bought for the company. and n
ouid tney fail to buy the same at such price as n
" pe onered, bona fde. by any third person. | v
"a ne shan oner the same to the individual
'cKnoiders. and he shall give them such offer
tmrty days before he shall be permitted to n
the same; provided this clause shall not appv "a
transfers OF stock among the present stock ri
.ders OF this corporation ~ -
nus done and passed in my Office in the parisb ~
Grant on the day and date first above written II
lne presence OF Il. X. Jeter and T.. b. Gray com NJ
eht witnesses OF lawful age, who have signed y,
r names together with me Notary. and the an .
- sTers r neren after due reading OF the whole n
n = M Ieai per j. w. Duncan. 10 shares $1,000 90 in
!. woodruff per J. W Duncan shares 5o0 M ~
y. duncan, per j. W. Duncan, 10 shares 1000 Oo n,
I. Duncan. perJ.W Duncan, 5shares 500 90 q,
=. IohS, ~ snares ares-.....-.............. 1000 90
W. Duncan, so shares. 5O00 M n
Attest: WV v" l.
H. "hAi- V2 Notary Public l.,
laving examined the above and foregoing char