The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1909-06-12

that purpose- In the event no such stock holders
annual meeting shall be held and no election take
place. the officers and board Of dretors at such
time legally under this charter la Office shall re-
tain their positions until their SUCCESSORS arp
elected In the event where tine date of the stock
holders annual meeting shall fall upon legal
holiday then the meeting shall be held ON the
first legel day thereafter.
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 postofuee address. The
secretary treasurer shall the said notices to
be published and mailed.
And il for any cause the annual meeting OF the
stockholders fails to convene on the date above
named. IL shall be the daty Of the President to
publish and mail notice of the stockholders meet
ing to be held within thirty days Of the date OF
the regular annual meeting. Al every election
each stockholder shah be entitled to one for
each share OF stock reRisteredin bis name. Stock
may be voted by proxy. provided the proxy be-
held by a stockholder. The officers and directors
shall be elected by ballot Of stockholders present
ty OF such votes shall elect.
This corporation shall commence business
whenever $4,000 OF the capital stock Is subserib-
ed for
ARTICLE FIVE
The board OF directors shall have power to III
vacancies on said board caused by death. resig-
ers- The board Of directors shall have the power
to control the property of this company. 10 con-
duet and manage the same To adopt such rules,
regulations and bylaws as the business may re-
quire or they may EN- necessary, and they
shall have power to contract with such employees
as may be necessary and shall tx the amount OF
compensation in wages or salaries and they
shall also fix the salaries Of the officers Of this
company. provided members of the board Of d.
rectors shall serve without compensation rs such
The board Of directors shall meet whenever noti-
fed or called to meet by the president at such
places as he may designate.
ARTICLE SIX.
This charter may be changed. altered or
amended, the capital stock increased or decreas-
ed. this corporation dissolved at a general
NEE ing OF the stockholders convened for such
purpose with the assent OF thre--fourths Of the
capital stock. At such meeting each stockholdeI
shall be entitled to one vote fer each share of HE
stock which he owns shown by the books OF
che company. and any stakeholder owning stock
on the books Of the company may appoint b.
proxy any othe stakeholder to represent him
fhe secretary treasurer shall cause a notice OF
such meeting to be published tor two weeks IN
one newspaper published at Colfax. La within
thirty days next preceding the date Of such meet
.ng and he shall also send to each stockholder q
notice by mail provided for the annual meet
ing of the STOCKHOLDERS.
In case of the dissolution or termination o.
5his company. either by limitation otherwise
the liquidation of it's affairs shall be cnducteo
by three commissioners selected by the stock
holders from among their number. three-fourths
asserting at a meeting called for that purpose in
che manner above set forth in this article. Said
commissioners shah remain la Office until the
.ffairs Of this corporation shall have been full,
iquidated and In the case of the death OF one or
more of the commissioners. the survivor or sur
vivors shall continue to act. and upon the iiQui-
iation of the affairs Of thi corporation by the
commissioners they shall be entitled to procee,
~ petition In the District Court OF Louisiana a,
its domicile. aud upon showing to the court that
the affairs Of said corporation have been liaui-
lated they shall be entitled to request of the
court order homologating their finances ana
distributions, and ask to have the corporation
udicially dissolved and to be iudicially relieved
of their trust.
ARTICLE SEVEN.
No stakeholder of this corporation shall ever
held liable or responsible for the contracts OF
.aults thereof In any further sum than the unpaid
balance due the company ON the shares of stock
subscribed for owned by him. nor shall any
nformality d Organization have the effect Of
endering this charter null or of exposing stock
solder to any liability beyond the unpaid bal
Ance. II any. of his stock.
Thus done and passed at my Notarial Office IN
he town Ut Colfax, parish Of Grant. State OF
Louisiana. on this the 9th day OF May. A. d. 1909,
the presence of A. Il. Perkins and G. H. Comp
son. competent witnesses Of lawful age and resi-
Tents Of said town. parish and state, who here
INTO sign their names with said appearrrs ano
tae said Notary. after due reading of the whole.