The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1909-05-29

-OF THE
COIfdx Real Estate COmpanu, Ltd.
OF THE
STATE OF LOUISIANA
n--s.k - n-.s


Parish OF Grant.
Personally came and appeared before me. the
undersigned Notary Public duly commissioned
aud qualified. in and for the Parish Of Grant.
state Of Louisiana. the parties whose names are
hereunto subscribed, who declared that availing
themselves OF the provisions of the laws OF this
state relative to the formation Of corporations
and especially of Act No. 30 of the General Assem-
biz of Louisiana for the year 1883. and also es
pecialy of the provisions of Act No as of the
Acts OF said Assembly Tor the year 1904. they
have covenaDted and agreed, and do by these
presents covenant and agree and bind themselves
as well such other persons as may hereafter
become associated with them, to form and con-
sutute "a corporation and body polite Ia law, Tor
the purposes and objects and under the terms,
stipulations. articles and conditions following.
to-wit:
The name and title Of the said corporation
shall be THE COLFAX REAL ESTATE
COMPANY, LIMITED" and Us domicile is
hereby fixed and established in Colfax. Grant
parish. State of Louisiana. and under Its corpor-
ate name said corporation shall have power 60
sue and be sued, to make and use corporate
seal and the to alter and break at pleasure,
to hold, receive. have lease. rent, purchase, Inn
prove, ALLEVIATE, convey, SELL pledge. mortgage
and hypothecate, under its corporate name. prop
erty, real. personal aud mixed. to name and ai-
poiut such officers, directors. agents. managers
anu empio gees as the interest or convenience oi
said corporation may require to make ana es-
tablsh bylaws. rules and regulations Tor the
proper management aud regulation OF its affairs,
and to change and alter the same at pleasure.
fhw, such shall or may be necessary To carry
out the objects and purposes Of said corporation.
Said corporation. unless sooner dissolved In
accordance with it's charter. shall exist and con-
tinue for the period Of nifty years from and after
the date hereof.
the President. or in his absence the Vice Presi-
dent. shall be the proper person upon whom eta
tion or other legal process shall be served.
ARTICLE TWO.
The objects and purposes for which this corpor-
alton is organized and the nature OF the business
To be carried on by 1t. are declared to be the fol-
lowing to-wit: To purchase. improve. buy. sell.
lease. rent. pledge. mortgage. and hypothecate
property. real personal and mixed, and generally
TO exercise the powers, functions aud authority
conferred and enumerated In Article No. OF this
charter and to engage In the business OF develop
ing and OF promoting the development OF the
mineral resources of the lanus embraced In the
holdings of this corporation, and to this end to
lease rent, buy, sell, convey. pledge, mortgage
and hypothecaue the lands and the minerals In,
on or under the lands such oil, gas. water.
salt sulnhur, lead, copper, silver. gold or other
metals, salts. acids and akaies as may be there
| in, and to buy and sell rights OF way for pipe
lines railroads. tram roads. and all other rights
OF way and privileges appurtenant thereto, as
well as locations and sites for the construction
Of tanks, reservoirs, derricks, wells shafts, tun
heels. bitches. canals. dams, locks and pumping
stations. and generally to do all acts. to enter
into all contracts and do all things necessary for
| the purposes aforesaid. and for the purpose Of
carrying on such business. whether by purchase
] for cash, credit, exchange or otherwise. and to
execute and sign all leases. Deeds papers, docu-
| essary and proper to carry out the purposes
| herein set forth In Articles One and Two.
ARTICLE THREE.
The capital stock VI this corporation shall be
TWENTY-FIVE THOUSAND DOLLARS
| 1875 0OO. o0) divided into two hundred and Fifty
| shares at the sum Of One Hundred Dollars $1,000
each, which said stock shall be paid for Ina cash,
or the same may be issued at "a sum not less than
par In payment or exchange for property or
| rights actually received OF purchased by saiu
corporation, or the same may be issued fully
| a n tort of
| poratioa provided that no stock shall be issued
until the consideration therefor has been received
| 10y the said corporation. Any stockholder may
sell assign or transfer his stock. the transfer to
be made on the books Of the company at its once
| in Cofax Grant parish. Louisiana. and on sur
render Of the certificates OF stock SO sold and
ARTICLE FOUR.
| The corporate powers uf this company shall be
| vested IN aud exercised by board Of Ave direc-
tors consisting of the president. the vice ptesi-
| stockholders. Three members Of said bonrd
| shall constitute quorum for the transaction oi
business and their decisions shall be valid col
porate acts. Until the election OF officers. "a.
hereinafter provided in this charter. X. =. CuB-
| erYn shall be President: J. W. DuLcan. tiet
| President: aud IL. L.. Graham. SECRETARY aud
4, easurer and said officers, together with the
| following named stockholders, shall COM tituts
| the board of directors: Oscar Shanks anu j. Il.
] MrNeely. No person shall be eligible rs dirre
tor officer VI this corporation who IL not q
| stakeholder therein.
said officers and said board OF directors shall
| continue in Office upt the nrst Monday in the
| month Of May, A. d.. 1910. on which date anu
thereafter annually president, vice president
N secretary aud trea .urer. aud a board Of dirrc
| tors for the year ensuing shall be elected BY u
general meeting of the stockholders convened fol
! that purp,se In the event no such stock buidrr,
annual meeting shall be held and no election TAKE
place. the officers and board Of directors at suc
time legally under this charter In ofice shall re-
| tain their positions until their successors arr
elected In the event where tue date OF the stock
| holders annual meeting shall fall upon lesa
| holiday then the MEETING shall be held on tht
| Notice of the stockholders annual meeting
| shall be given by publication In one newspaper
| published at Colfax. La. for two weeks within
| the thirty days next proceeding the date OF the
meeting and also by letter mailed to each stock
| holder at his last known postofice address. The
secretary treasurer shall the said notices to
| be published and mailed
| And II for any cause the annual meeting Of the
| stockholders fails to convene on the date above
named it shall be- the ddry Of the President to
publish and mail notice of the stock holders meet
inr to b. neld within thirty days Of the date OF
| the regular annual meeting. At every election
| each stockhoder shall be entitled tn one vote for
eael share Of stock registered In bis name stock
NAV be voted by proxy. provided the proxy be
held by stockholder. The officers and directors
shall be elected by ballot OF stockholders present
4 who shall vote one share for one vote. A MAORI
] ty 81 snch votes shall elect.
| This corporation shall commence business
whenever $1,000 of the capital stock Is subscribe
ed for.
The board of directors shnll have power to oil
vacancies on said board caused by death. resig
| nation otherwise. from among the stockhold
ers The board of directors shall have the power
| to control the property Of this company. to con
duet and manage the same. to adopt such rules
regulations and bylaws as the business may re
quire or as they may EN- necessary. and they
shall have power to contract with such employees
as may be necessary and shall tx the amount o.
compensation In wages or salaries, and the,
shall also tx the salaries Of the officers Of THU
company. provided members of the board Of di
rectors shall serve without compensation as sucl
The board OF directors shall meet whenever mott
fed or called to meet BY the president at sucl
places he may designate.
ARTICLE SIX.
This scbarter may be changed. altered. o.
| amended. the capital stock increased or decreas
ed. or this corporation dissolved ut . genera
NEE ing of the stockholders convened for sucl
purpose with the assent OF three-fourths Of tn
capital stock. At such meeting each tockholde
shall be entitled to vote for each share Of hi
stock which he owns shown by the books O
l.<.Ix H.