The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1908-02-15

intention to sell. assign or transfer the same
be given the cs,mpany. and the other stock hold
era thereof shall have the hrrt privilege Of pur-
chasing the same, after which said thirty days
notice the said stock may be soldfn open MARKET
no transfer Of any fraetional part Of share
shall be made provided that no transfer Of stock
shall efsrt the right OF THE corporation to pay
any divldeatls due. upon sto~k or to treat the
holder Of records as the holder In fact until such
transfer is recorded upon the books OF the
corporation or q new certificate Ii issued
to the person to whom 1t has been 30 transferred.
THIS corporation shall commence doing businee:
as soon as Three Thousand lssooo co. Dollars Of
the capital stock shall have been subscribed and
paid for.
The corporate powers of this company shall
be vested In and exercised by q board Of foor
directors consistipg Of the president. vice prssi-
dent. and secretary and treasurer The follow.
ing perrons shall constitute the first board Of
directors. to-wIt THOMAS p BUCKNER.
ANDREWI: BUGKNER. MILESC. BUCKNkR,
WIN. F. BUCKNkK. Any two Of whom shall
ness as officers. ~ follows: Thomas D. Buckner.
president: Andrew J. Buckner vice-preei dent;
Miles, G. Buckner, secretary and general mana
ger; William r. Buckner, treasurer. No person
shall be eligible director or officer In this
corporation who IL not a stock holder OF the
same. The said board shall continue In ONCE
until said board shall se~ at to change or
re-clect officers and directors, and after each
election. the board Of directors shall elect from
it's own members the officers of this company.
ARTICLE FIVE.
MI vacancies caused In its plumber by death, re-
| signation. or otherwise. from among the stock
holders OF the corporation. The said board
shall have full power and control OF the property
| of this company. and shall so conduct manage
| and use the same as it, directors may deem hest
and is consIstant with the objects Of this conn
pany. or the welfare Of the same The said board
| IL further authorized to make such bylaws rules
and regulations a. may be required and may
be necessary for the conducting aud manage
shall not conflict with this charter. or with the
| laws Of the state or the United States. The
said board shall have the power to appoint and
| elect snch officers and managers, agents and
! employees. servants, and clerks. as may be
deemed necessary for conducting the business Of
this corporation. TO nx thsir eou'pensations ana
at the said boards pleasure. and the said board
shall have the right to make and determine the
salaries OF the general officers herein provided
for.
This charter may be changed. modified or
amended. and the capital stock Increased or de-
creased. In accordance with and In complains
with the laws Of Louisiana relative thereto. In
case Of dissolution or termination Of this corpor
alton. either by iImItstlon or its charter or any
conducted bv four commissioners selcsted from
the stockholders at u nesting called for that
purpose. and after ten days prior notice shall
published In Grant parish, Louisiana. Said
commissioners shall remain in ONCE until the AZ
4
more of the COMMISSIONER, the survivor or sur
vivors shall continDe to art.
ARTICLE SEVEN.
No stakeholder Of thIs cOrposation shall eveI
be held responsible for the contract or fault
: thereof In any further sum than the unpaid bal
, ance due the company on the shares Of stool
subscribed for or owned by him. nor shall any
informaIity In the organisnelon Of this company
have the effect Of renderiik this charter nun oil
T Of exposing stock holder to any liability be
You'd the amount Of his stock.
, Thus done and passed In my ONCE In the cit,
of veria on the day, month and year first here
inabove written, In the presence of X. w. wague
J and p. N. Hutchinson, lawful wituessea. who here
. unto sign their names toGether with said person
and me- said Notary. after reading Of the whole
THOS. j. BUCKNER,
= ANDREW J. BUCKNER
by T. u. Buekner,
FL N. q. BUCKNER.
W.T.. BUCKNER.
!. Attest: ~
j 2. y y. a MAsSFss
d tsEAL) E.s. MURRELL.
Notary Public,