The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1908-01-18

eordance with the charter. shall exist ana con
Time for a period Of ninety-nine years rom ana
nftar the date hereof The president. or IN ms
absence the vice-president. or In his aDsehee
the secretary and treasurer. shall De tne psope'
oerson upon whom citation or other legal pro-
cess shall be served.
ARTICLE TWO.
The objects and purposes for which thss cor
noration is organized and the nature OF the ous'-
ress tn be carried on by 1t are declared 70 Dc t"e
following. to wit: To buy. own. hold. SELL ano
aaal In general uercha ndise including drv gooas'
yroceres shoes. drugs. notions. buggies' ano
wa,ons. and all other articles that go TO make
!, stoct of general merchandise. To operate de-
livery wagons and do all other things necessary
convenient and proper for the handling ana re-
t.,t,;uu Of a general merchandise stock
ARTICLE THREE.
rhs .anital stock Of this corporation shall De
give Thousand ts5ao00o.) Dollars DIVIDED ihSo
,u,, represented by nifty (5o) shares OF the par
value of One Hundred (siOooo.) Dollars sacn'
h;.h said stock shall be paid for In cash az time
II subscription. Any stock holder may se's
rapsf.r or assign his stock In this corporation
crowded thirty (sO) days prior notice OF sue"
n.e,tiou TO sell. assign or transfer the same
u. ivan the company, and the other stock bold
=. thsr,of shall have the first privilege OF pur-
.has,ny the same. after which said thirty days
..o,..e the said stock may be sold open market
40 transfer of any fractional part Vi
,hl, he made, rovided that no transfer OF st'NA
| ;hall effect the right OF this corporation 10 pa'
,,y divide. DIS due upon stock or 10 'iea' '.s
,,Id.r Of records az the holder In fact UNI" su'"
| trausfer is recorded upon the DOCKS VI ~,
| .orroration, or new certincate vs. 'Seee
| tn, person to whom 1t has been SO iranse'' e"
| ellis corporation shall commence doing o"s'neS'
- aeon as Three thousand ($sooc.oo.) Dollars
no cauital stock shall have been subser'oeu ans
paid FOR.
The corporate powers OF thus company s""'
40 vested In and exercised by oosrd " 'ou
Tractors consisting Of the president. VICE PRES
lent and secretary and treasurer Inc 'ono"
inc ,ersous shall constitute the nrst board .
nrsetors. to-wit: THOMAS d. BUCkNEls
,NoREWJ 4. But KNER. MILESC. BUCkNEh
wMF BUCKNER Any two OF whom sha
.on.t;tute n quorum for the transaction OF ons
,.ass a. officers. as follows: Thomas D. buckne'
,,re.,daut: Andrew j. Buckner. viee-presioen'
,,ss r. Ruekuer. secretary and general man
49,. x,n,.m y Ruckuer. Treasurer. No perso
shall be eligible as a director or omcer In Uni
| .orporation who Is not a stock hoiuer vi :"
ams The said board shah continue In ono
| until said board shall see ut to cnanss
ra-e,ect officers and directors. and arter eac
,,scton. the board Of directors shall elect Ho'
,ts own members the officers Of this company.
ARTICLE FIVE.
, Tho hoard Of directors shall have fullpower
, | an vacancies caused in It's number by death.
A .,ynatiou. or otherwise. from among the stos
h ,o,aers of the corporation. The said boai
hal, have fun power and control of the proper
!, This eompany. and shall so conduct manal
Z, and use the same rs Its directors may deem w
4 .,d !. eons,staut with the objects Of this col
l. ,.anx or the welfare OF the same. The said boa
,f ia further authorized to make sucn bylaws run
y and regulations may be required ana ms "'
,e be necessary for the conducting ana manA'
D. meut OF this corporation. provided tnat s~s
" .ball not conflict with this charter. or WITH /.
m Laws Of the State or the United States.
ic sa,d board shall have the power to appoint
pr .,sct such officers aud managers. agents
IN .,,o,ovees servants, and clerks. IA may
.,ssmed necessary for conducting the business
this corporation. to nx their eompensstions .
III term Of service with the right to dismiss tn
Y, At the said boards pleasure. and the SAID boa
b. shall have the right to make and determ'"e
a. salaries of the general officers herein prov''
n for.
ARTICLE SIX.
NO. This charter may be changed. modified
,a amended. and the capital stock Increased OF
= creased. In accordance with aud In eompha
y with the laws Of Louisiana relative thereto.
"A ease of dissolution or termination OF this corp
MI alton. either by limitation or its charter or
r. tof6er cansf. tbe Hsniaatioe Y tAa1sirA 80
aa csnducted bs four commissioners se'ested Y
on the stockholders at meeting called ios =
a. purpoae. and after ten days prior notice 81
of have been given In daily or weekly newspa
he pub,ished In Grant parish. Louisiana
ALI commissioners shall remain In ONCE unfa sss
at fairs Of said corporation shall have ten
nv lou,datsd and in cas- Of the death on on
m more Of the commissioner. the survivor or
ae- tvivors shall continue to act