The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1909-06-19
CHARTER
GOIfdx Real Estate Company, Ltd
STATE OF LOUISIANA,
THE

Personally came and appeared before me, the
undersigned Notary Public. duly commissioned
and 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-
blv of Louisiana for the year 1883. and also es-
pecially Of the provisions OF Act No IS 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 such other persons as may hereafter
become associated with them, to form and con-
stitute a corporation and body polite In law for
the purposes and objects and under the terms
stipulstons. articles and conditions following.
to-wit:
The name and title OF the said corporation
shall be THE COLFAX REAL ESTATE
COMPANY, LIMITED" and its domice Is
hereby fixed and established in Colfax, Grant
parish, State OF Louisiana. and under its corpor-
ate name said corporation shall have power to
and be sued to make and use a corporate
seal and the same to alter and break at pleasure,
to hold receive. have, lease, rent, purchase i'm
prove. ALLEVIATE. convey, sell. pledge. mortgage
and hypothecate, under its corporate name prop
point such officers. directors. agents, managers
and emplo sees as the interest or convenience Of
said corporation may require. to make and es-
tabl. sh bylaws. rules and REGULATE ons for the
proper management and regulation of It's affairs,
and to change and alter the same at pleasure
and to do all other acts and things permitted by
law 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 fifty 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 by It, 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 lands embraced In the
holdings OF this corporation. and to this end to
| lease, rent buy, sell. convey, pledge, mortgage
/ and hypothecate the lands and the minerals In,
on or under the lands. such as OIL gas. water,
| salt sulDhur lead, copper. silver. gold other
metals, salts, acids and alkalies as may be there
| In. and to buy and sell rights OF way for pipe
| lines railroads. tram roads. aud all other rights
| Of way and privileges appurtenaDt thereto. as
| well, as locations and sites for the construction
| of tanks reservoirs, derricks wells. shafts. tun-
| nels. 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 such business whether by purchase
execute and sign all leases deeds. papers. doeu-
| ments, notes, transfers. sales and contracts nee
essary and proper to carry out the purposes
| herein set forth In Articles One and Two.
| ARTICLE THREE.
The capital stock of this corporation shall be
TWENTY-FIVE THOUSAND DOLLARS
| t$25 900. O01 divided into two hundred and fifty
1 shares at the sum of One Hundred Dollars t$lOo)
each, which said stock shall be paid for In cash,
| or the same may be issued at sum not less than
par in payment or exchange for property OF
| rights actually received or purchased By said
| eorporation,r or tue same may be issued faly
paid for money advanced for the use Of said cor
poration, provided that no stock shall be issued
until the consideration therefor has been received
BY the said corporation. ANY stakeholder may
SELL assign transfer his stock. the transfer to
be made on the books OF the company at Its ONCE
| In Colfax. Grant parish. Louisiana. and on sur
render OF the certificates of stock so sold and
| transferred.
ARTICLE FOUR.
\ The corporate powers OF this company shall be
/ vested IN and exercised by board Of five diree
tors consisting Of the president the vice pfesi
dent the secretary treasurer, and two Other
/ stockbolders; Three members OF said board
snail constitute quorum for the transaction o
business and their decisions shall be valid cor
perate acts Until the election of officers. az
hereinafter provided in this charter, X s. Cam
erou shall be President: j. W. Duncan, vies
! PrrIdsnre and IL L., Grlhau, Secretary and
Treisurer: aud said officers together with the
\ fendKipg named stockholders. shall constitute
M board of directors:s Oscar Shanks and J. H
Il McNeely No person shall be eligible as diree
tor or an ofi1cer Of this corporation who Is not q
stakeholder therein
continue In ONCE until the hrst Monday In ths
month of May. A. d.. 1910. on which date ant
THEREAFTER annually a president. vice president
i secretary and treasurer, and a board of diree
tors for the year ensuing shall be elected by a
general meeting Of the stockholders convened foi