The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1907-07-20

.;van bv NJ least tvo weeks publication in one
Of the weekly newspapers published In Coifax'
Grant parish Louisiana. Any failure from any
cause whatever to elect directors on the dny
named for that purpose shall not dissolve the
corporation but the directors then in Office. -
we'll as the officers Of said company. shall hold
Office until their successors shall b. choeen
In such event. the President shall cause another |
election tn be held. within thirty ts0) days. and
shall cause notice thereof to be given as here
inabove provided. The election OF directors
shall be by ballot and the majority in amount |
of votes cast. each thare of stock voted on to Be
counted as one vote, shall elect the person for
whom they are cast After each election, the
board of directors shall elect from their own
number the officers of said company.
ARTICLE v.
The board Of directors shall have full power
to fill vacancies in their number caused by
death, resignation. or otherwise. from among
the stockholders Of the corporation. They shall
have full control Of the pro perty OF
the company, and shall so conduct,
manage, and use the same. as in
their discretion they deem nit, and that is con-
sistent with the objects Of this company, or the
welfare of the same The said board 10 auth
orized to frame and adopt snch by-laws rnicsi
| and regulations. as the affairs OF the corpora-
ton may require and as it may deem necessary
| for the management and conduct thereof; pro-
| vided the same shall not conflict with the pro-
yisions Of the charter or the laws vi the State.
or the United States. The said board shall elect
ar appoiut such officers agents. and employees,
servants and clerks. as IL may deem necessary
for the conduct II the affairs Of the corporation
Tar fs{
the right to ,iismiss them Mt pleasure, and said
hoard shall have the right to fix aud determine
the snluries OF the officers herein provided for.
4 ARTICLE vi.
This charter may be changed. modified nI
amended. the capifnl stock increased or de
| creased. or this corporation m;y be dissolved
at general meeting of the stockholders con
2 vared for that purpose with the assent Of three
fourths of the entire capital stock whether pres
ant or represented at the meeting: Two week
: prior notice shall be gwen in any weekly news
paper published at Colfax. in Or Mt parish
Louisiana.
In case Of dissolution or termination OF TIL
corporation by limitation Of its charter or Other
wise, the liquidation of its affairs shall be con
slucted by three commissioners. selected fro1
the board of directors with like assent. and 9
n meeting called for that purpose. az above ~
forth in this article. Said commissioners sha
remain in Office until the affairs Of said corpo
{ alton shall be fully iiquidnfed.
: ARTICLE VII.
a No stakeholder of this corporation shall ev'
!, no held liable or responsible for the contrac
q or faults thereof, in any further sum than u
= unpaid balance dine the company on the shar'
\ OF stock subscribed for or owned ny him, M
a shall any informality in organization have q
= effect of rendering this charter mil. or OF e
al posing q stockholdcr to any liability beyot
al the unpaid balance. IL any, Of his stock.
nj This done and passed in my natarial Office
ch Selma. in the parish of Grant Louisiana. Z
81 the day, month and year herein first above VT
A, ten. in the presence Of j. H. Mahafiey and W.
~ Gammili competent witnesses. who hereun
n sign their names together with appearers, Al
me, notary after due reading of the whole
rs shares $40 CO. &C. p. MATH
all Is Shares, $50 O0.-..-.. Ii Sci
~ Is Shares. $50 CO.. X L. TiLismi
Is. Is Shars, $50 co.. IF: T. TlLLAl
nd WITNESSES:
nm JH. MAHAFFEY
De e VA : ~ ES. HOWE.
me Notary Public