The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1909-06-05
CHARTER
-OF THE
Golfdx Real Estate COMPANY, Ltd.
STATE OF LOUISIANA, |
no ~f.k - d.a<

1
Undersigned Notary Public, duly commissioned
and qualined. In and for the Parish Of Grant.
state of Louisiana. the parties whose names are
hereunto subscribed, who declared that awaiting
themselves OF the provisions OF the laws Of this
| state relative to the formation of corporations
and especially OF Act No IS Of the General Assem-
biz Of Louisiana for the year 1sSs. and also es-
pecially of the provisions Of Act No. as of the
| Acts OF said Assembly for the year 1904. they
have covenanted and agreed. and do by these
presents covenant and agree and bind themselves
as well as such other persons as may hereafter
become associated with them, to form and con-
stitute corporation and body polite In law, for
| the purposes and objects and under the terfns,
stipulations, articles and conditions following,
to-wit:
ARTICLE ONE.
shall be THE COLFAx Real EsrArf
! COMPANY, LIMITED" and it's domicile IA
hereby fixed and established In Colfax. Grant
parish, state Of Louisiana. and under it's corpor
ate name said corporation shall have power .,
| sue and be sued, to make and use corporBt
seal and the same to alter and break mt pleasure.
prove. ALLEVIATE, convey, SELL pledge, mortgag.
and hypothecate, under it's corporate name. prop
| erty. real. personal and mixed, to name and ap
point such officers. directors. agents, manager.
and emplo sees the interest or convenience o..
said corporation may require. to make and
tabl sn bylaws. rules and acquisitions for tin
proper management and regulation OF its AFFAIR,
| ana to change and alter tine same at pleasure
and TO do all other acts and things permitted 10y
| law, such shall may be necessary to- carr.
Said corporation. unless sooner dissolved IN
accordance with its charter. shall exist and con
tinue for the period OF nifty years from aud aftei
| the date hereof.
The Presiaeut. or In his absence the Vice Presi-
dent, shall be the proper person upon whom eta
ton or other legal process shall be served
| ARTICLE TWO.
The objects and purposes for which this corpor-
alton is organized aud the nature OF the business
To be carried ON by It.. declared to be the fol-
| lowing to-wit: To purchase. improve, buy, sell,
laQaa ron IUp mi
property. real personal and mixed. and generally
to exercise the powers. functions AID authority
conferred and enumerated ID Article NO: l OF TIM
ing and of promoting the development of ths
| mineral resources Of the lanus embraced In the
holdings OF this corporation. and to this end to
lease. reat, buy, sell, convey. pledge mortgage
and hypothecate the lands and the minerals In,
ON under the lands. such as OIL gas. water.
salt. sunhur, lead copper, silver gold or othei
in. and to buy and sell rights of way for pipt
lines, railroads. tram roads, and all other righte
u way and privileges appurtenant thereto. a.
I'of tanks, reservoirs. derrcks. wells. shafts. tun-
nels. ditches. canals, dams, locks and pumping
stations. and senerally to DO all acts to enteI
the purposes aforesaid. and for the purpose oil
carrying on such business whether by purchas
for cash. credit, exchange or otherwise. and t.
execute and sign all leases, deeds. papers. docu-
ments notes, transfers, sales and contracts nee
essary and proper to carry out the purposes
herein set lorth IN Articles One ana TWO.
|. ARTICLE THREE.
L The capital stock Of this corporation shall b.
| TWENTY-FIVE THOUSAND DOLLARS
,$25 10000, divided into two hundred and ffts
shares at the sum Of Que Hundred Dollars t$lOb,
each, which said stock shall be paid for In cash.
or the same may be issued at u sum not lers that
par In payment or exchange for property o.
rights actually received or purchased by salt
l.eorporation, or the same may be issued fully
paid for money advanced for the use Of said cor
poration, provided that no s4ock shall be issued
hal
by the said corporation. Any stakeholder MAY
SELL assign transfer his stock the transfer t.
oe made un the books OF the company at it's of1ct
In Colfax, Grant parish. louisiana, and ON sur
render of the certificates OF stock-so sold an,
ARTICLE FOUR
| The corporate powers Of this company shall be
vested m and exercised By a board Of ave djrec
tors consisting Of the president the vice piesi
dent. the secretary treasurer. and two other
| stockholders Three members of said boar
shall constitute quorum for the transactions
business their decisions shall valid
purate acts. uut.l the election Of officers. a
NJ reinafter provided in this charter, Il. ;. Cam
4 erJn shall he President: J. W. Duncan, Vic,
President: and II. h. Graham. Secretary aut
Il Treasurer: aud said Officers. together with ths
following named stockholders. shall constitut.
the board OF directors: Oscar ShaBks and }. n
| McNeely. NJ person shall be eligible n disec
ter or officer If this corporations VINO 10 not ,
stakeholder therein.
continue In office until the first Monday in III,
monta OF May, A. d.. 1910. ON which date AN,
thereafter annually president. vice president
| 4 secretary aud trea .urer aud "A boaru of diree
tors for the year ensuing shall be elected by 4
general meeting OF the stockholders convened foi
III 1T purpose Ia the event no such storkholds.f,
annual meeting shall be held aud no eiection tak K,
place, the officers and board of directors atsuc
tine legally under this charter In office shah re
tain their positions Until their Successors ar
holders annual meeting shall fall upon u lega
holiday then the meeting shall be held tn.
! nrst legal day thereafter.
1. Notice Of the stockholders annual meeting
shall be given by publication n one newspal pei
published at Colfax, La. for two weeks With
The thirty days next preceding the date OF tb
holder at his last known postof1ce address The
secretary treasurer shall the said notices to
be published aud mailed.
/ Aud IL for any cause the annual meeting of the
stockholders falls to convene on the date above
named. IL shall BIZ the duty of the President t.
publish and mail notice OF the stock holders meet
Ing to b. held within thirty days Of the date o
tn, regular annual meeting. At every election
each stakeholder shall be entitled tn one vote fol-
each share of stock Registered In bis name. stock
may be voted by proxy provided the proxy b.
shall be elected by ballot Of stockholders present
who shall vote one share for one vote. A maiori-
4 ty 81 such votes shall elect;
| This corporation shall commence business
whenever $10o00 Of the capital stock Is subscrib-
i cd for.
Inc OOafu OF 0iFtctOFb Buaii nave power TO I'LL
Vacancies on said board caused by death, resig-
! nation otherwise, from among the stockh0ld-
ers. The board Of directors shall have the power
20 control the property Of this company. to con-
duct ard manage the same TO adopt such rules,
| regulations aud by laws the business may re.
quire they may EN- necessary. and they
shall have power to contract with such employee
as may be necessary and shall nx the amount OF
compensation In wages or salaries, and the,
shall also fix the salaries of the officers of this
company. provided members Of the board Of di.
rectOrs shall serve without com peuea tfon a. aurk
The board of directors shall meet whenever mott
ned called to meet by the president at such
places he may designate.
II ARTICLE SIX.
This charter may be changed, altered OF
amended, the capital stock increased or decreas
ed. or this corporation dissolved at q general
slee ing OF the stockholders convened for such
purpose with the assent of three-fourths Of thu
capital stock. At such meeting each stakeholder
shall he entitled to vote for each share Of hi
| stock which he owns as shown by the books o
the cnIunnny and any toekholder d \ ming sfocl