The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1908-01-11


cordance with the charter. shall exist ana con
tinue for a period of ninety mine years from and
after the date hereof. The president, or IN mas
absence the vice-president. or in his absence
the secretary and treasurer. shall be the proper
uerson upon whom citation or other legal pro-
cess shall be served.
ARTICLE TWO.
The objects and purposes for which this cor
marathon is organized and the nature OF the busi-
ness To be carried ON by it declared to be the
following. to wit: To buy. own. hold. SELL and
deal I'm ueralmerchandise, including drv goods.
groceries. shoes, drugs. notions. buggies and
wagons. and all other articles that go to make
a stock of general merchandise. To operate de-
livery wagons and do all other things necessary.
convenient and proper for the handling ana re-
falling OF general merchandise stock.
ARTICLE THREE.
The capital stock of this corporation shall De
Five Thousand ,s5Ooo.oo.) Dollars divided into
and represented by fifty (5o) shares Of the par
yalue of One Hundred (Slo0.00,) Dollars eacn,
which said stock shall be paid for In cash at time
Of subscription. Any stock holder may SELL
transfer or assign his stock In this corporation,
provided thirty (3O) days prior notice OF ruch
intention to sell. assign or transfer the same
,s ,,v.u the company, and the other stock hold
ers thereof shall have the first privilege OF pur-
chasing the same after which said thirty Gays
notice the said stock may be sold In open MARKET
NO transfer Of any fractional part of share
shall be made, provided that no transfer oil STOCK
shall effect the right Of this corporation to pay
any divide ads due upon stock or to treat the
holder of records as the holder In fact until such
transfer IL recorded upon the books OF the
corporation. or u new certificate Is issued
m the person to whom 1t has been so transferred
| This corporation shall commence doing business
AZ soon as Three Thousand (ssocooo') Dollars OF
the capital stock shall have been subscribed and
paid for
ARTICLE FOUR.
| The corporate powers Of this company shall
he vested in and exercised by board OF -four
directors consisting Of the president. vice presi
dent. and secretary and treasurer. The follow
inc ,ersous shall constitute the first board OF
directors. to-wit: THOMAS ID. BUCkNER'
ANDREW j. BUCKNER. MILESC. BUCkNkk,
WIN. +. BUCKNER. Any two OF whom sha'
constitute a quorum for the transaction OF ous'
ness AS officers, as follows: Thomas D. bucknes
presitent; Andrew j. Buckners viee-pretident
Niles G. Buckner secretary and general mana
per william =. Buckner, treasurer. No person
shall be eligible az a director or omcer III tnS
coronation who ia not a stock holder OF tht
same The said board shall continue In omcs
n,t,, said hoard shall see nt to change OF
! 40 a,sct otscers and directors, and after eaci
,,sctiop the board OF directors shall elect from
| its on n members the officers Of this company.
ARTICLE FIVE.
The hoard of directors shall have full power u
nm vacancies caused In It's number by death, re
s;unation. or otherwise. from among the stoc'
holders of the corporation The said ooar'
shal have full power and control OF the property
NJ this company, and shall 80 conduct manag
and use the same as fts directors may deem hes
and IL eonsistant with the objects Of this com
/ ,..v or the welfare of the same. The said boar
ia further authorized to make such BY laws RUE
and repuatlons az may be required and as ma.
no necessary for the conducting and manage
ment of this corporation. provided Una. sam
shau not conflict with this charter. or with th
laws of the State or the United States. In
said board shall have the power to appoint an
elect such officers and managers. agents an
employees. servants, and clerks. as may 0
deemed nece -sary for conducting the business
this corporation. TO TX their rompensations an
term of service. with the right to dismiss thet
mt the said boards pleasure. and the said boar
shall have the right to make aid determine tn
salaries Of the general officers herein provide
for.
!, ARTICLE SIX.
;. This charter may be changed. modified o
;mended. aud the capital stock Increased or d
creased In accordance with and In compliant
with the laws OF Louisiana relative thereto !
ease OF dissoIution or termination OF this corpo
afion. either BY limitation or its charter or An
other cause. the uisntdakiou ofJts shAfs $40
conducted BY four commissioners seacsted {Fo'
1.-THE stockholderr az IA meeting called fortha
purpose. aud after ten days prior notice sha
: have been given In n daily or weekly nevspap'
! puhlished In Grsat parrish. Louisiana. sa'
commissioners shnIl remain In once untii Ne a
! fairs Of sasd corporation shan have been full
, Inundated. and In case Of the death OF one Z
more Of the commissioners. the survivor or 80
: vivors shall continue to act.