The Colfax chronicle., 1904-06-18
Charter of the J. w. Duncan
Company, Limited.
STATE OF LOUISIANA

: Charter OF the J. w. Duncan
Company, Limited.
STATE OF LOUISIANA,
PARISH OF GRANT.
Be It known and remembered that on this tn
18th day OF May, A. ID. 1904, before me, w.
Clarke notary public. dnly sworn. commits
the aforesaid parish and State, personally cam
and appeared the several persons, whose name
are hereunto subscribed. who declared that avail
1883. of the General Assembly of the State o
Louisiana, as well as those of the general law
OF said State relative to the formation Of corpor
atlons, they have formed themselves. their asso
ciafes and successors into corporation for tn
obgects and purposes and under tho agreement
hereinafter set forth which they adopt as thei
ARTICLE
nMT nhS pane 2f The cooperation shen be the J. W
name It shall have the power and authority L
tV9) years. to contract. sue and be sued and q
use a corporate seal: to hold, purchase lease
sell and hyPothecate. and mortgage real proper
to loan money. to give and to receive securit,
by mortgHRe or in any manner authorised bI
law. to name managers and agents that may bs
and to make such bylaws and rules as NAV be-
necessary for the proper conduct OF the business
OF the corporation; ;pr,c,rr
The domicil of this corporation shall be in the
town of Colfax, State of Louisiana and ali cita.
tons or other legal process shall be served on
sne PRESIDENT, or In his absence on the secretary
ARTICLE III.
The objects and purposes of this corporation
are hereby declared to b. to engage in carry on,
ana 10 conduct a general mercantile business in
the town OF Coifax at retail or otherwise to ac-
quire real estate in connection with said busi
snd and n the S sane t2 sell mortgage or hypohe
tanning to the conduct Of general mercantile
other points in GTant aPT,PPT,E Psrjsh; iv
The capital stock Of this corporation ia hereby
hxed at Fifteen Thousand ($l5.OO0i Dollars. di-
vlded INTO one hundred and fifty (ls0l shares Of
PAYABLE in cash its equi vaient in cash in prop
erty, merchandise or other property to be used
for the benefit of the corporation. The compa-
sand Five Hundred Dollars has been subscribed
and paid for.
ARTICLE v.
All the corporate powers of this corporation
snai be vested In a board of directors comDosed
OF hve Of the stockholders. who shall be ejected
annually on the nrst Monday OF Aprtl Of each
year. the nrst board Of directors is declared to
Teal and D. ]. Duncan, who shall serve untjl their
successors are chosen Three members shall con-
etitute quorum of the board of drectors for fhe
1sansaction OF business The officers of this cor
Pofation snail De a president vice president and
secretary and treasurer, and the first of said on
GERS are declared to be j. w, Duncan. presidert.
T. =. Bush: vice president; and J. Q. Long. secre-
their successors are chosen and said oficers shall
pc erected annually on the flrst Monday of ApriI
IN IN eacn year All stock Of this corporation shall
m ne evidenced by certificate issued and signed by
the president and secretary of said cornorsfior'
Transfers OF stock shall be made ONLY on the books
OF sald company under and subject to rules and
reguiations ~ as may be made by the board Of di-
The board Of directors and officers declared
above shall serve until their successors have been
on the first Monday OF April. 1905. and each vssr
thereafter. Notice of this meeting shalI he hv
written notice signed by the secretary and BY him
uevered IN person to each stakeholder. depos-
ited In the United States mail at least ten days
before the dste Of holding such election, and also
. Ten days notice by public IN in a newspaper
pupnsned at the domicil Of said corporation. An
corporate elections shall be by ballot and ma
lo1ty o. the paid up stock shall be necessary to
elect, and each st0ckholder shall be entitled tn
ssss sSsss y Or BY one vote
re nrst meeting after It's election elect presI
dent, vice president. q manager and secrefarv
nna tseasurer The once Of secretary and treasu-
shall elect such other officers as they NAV deem
M Mascessary TOT the proper conduct Of the business
u 'ne company. -
Failure to hold an election fo- directors op dav
named shall not dissolve the corporation hut the
incumbent directors shall hold oyer until their |
'"~ecS9ofS Suuu nave Deen elected and Qualified /
ARTICLE VII
meeting OF the stockholders NAV he called Mt |
any time BY the board of directors and shnlI he |
AIed by the president at any time upon the writ
en- reqaest OF the stockholders owning at least |
,ne nall OF the capital stock OF said companv
satd meeting to be called as herein above stated |
sItn respect to annual meetings, and shall be con-
incted In the same manner and at all meetings Of
ne stockholders majority Of the amount OF the |
apitnl stock OF this company shall coustitute a |
luorum ior the transaction Of business.
ARTICLE VIII
This charter may be altered or amended n, th,.
ompany dissolved with consent Of two-thirds Of
ne outstanding stock, represented in person or
y , pfoxy' s at meeting OF the stockholders con-
hall have been given OF such meeting and Of ifs
olects by ADVERTISING in newspaper published
nes .ne par,sn o. Grant The capital stock may be
nereasrd or diminished in n manner and form A
ubjects. '-e'e
ARTICLE TX.
When this corporation shall be Dissolved e;ther
y limitation or otherwise. its Affairs shall be no.
Ioased py three commissioners, to be appointed
~ tn,s purpose at a meeting Of the stockholders
wn'ch II may be voted to dissolve this corpora
on to be convened after Is DAYS notice of ifs oh
ct shall have been given In a newspapcr publish-
IN drant parish, State OF Louisiana. Said
missioners snail remain in Office until the af-
,irs OF the corporation shall have been luudat-
:. In case OF vacancy occurring in the board ,
commissioners those who remain shall continue .
act and to fll the vacancy. The said commits ,,
oners shall berequired to give bond for the faith
Il performance OF their duties
ARTICLE x
The stockholders Of this corporation shall never
held liable for the faults or responsible for the :
'ntracts oil this corporation, its agents. officers
employees. IN any further cum than the unpaid :
aiance due the corporation on the shares owned :
nun; nor shall any mere informality In orgaui- :
l,ion have the effect Of rendering this charter !,
~, or OF exposing any stockhoider to any lin
iity beyond bis stock.
ARTICLE XII.
Any stockholder who NAV desire tn scll b,s .t<,.
ai ist the same with the secretary and trpasu- !.
and the same shall first be offered TO the boa ri
directors to be bought for the companv. and a
ouid they fail to buy the same at such price as
N pc onered, bona ffde. by any third person n
en- ne shan offer the same to the individual y
oeknolders. and he shall give them such offer
tnirty days before he shall be permitfed ~ :,
u thesame; provided this clause shali NOT ennIv
, transfers OF stock among the present stncf !,
,Iuers OF this corporation.
Inns done and passed In my ONCE in the per,ah n
urant on tue day and date first above written =
tne presence OF r. r. Jeter and T. B. (3rav con =
tent Witnesses OF lawful age who have eiRned ~ -
er ma together with me Notary and the an y u
arers aI herein. after due reading Of the whole.
.. reai, per j. w. Duncan, 10 shares. eI00O 90 N
u oodrun. per J. w Duncan, shares 500 90
- CCuncan per j. W. Duncan. 10 shares 1000 90 r
N g. Duncan. per y w Duncan. 5shares soS m =
Y: Long. 10 shares s...............--..- INN IN e
G Rush ea .has ~ 5000 90 II
Attest: ''-' WV " il
B. B. SsRIER. sRIE g. WE; cLARKE. ".
Y Notary Public. v
Havingexaminedt the above and foreeoinr char.
!. and finding nothing therein contrary To the
ss OF the State of Louisiana hor.hv sS..-- ~ s.e