The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1909-05-08

each stocknolder Of the place. day.
month and hour of holding the said
election. Each stakeholder ut the
stockholders meeting shall he entitl-
ed To one vote for every share OF
stock he owns as appears by the
books of the corporation. AT such
meetings the President of the cor
poration shall act as Chairman. aud
the Spcretrry as Secretary of the
stock holder's meeting.
ARTICLEV.
The Board OF Directors shall have
full power to ill vacancies occurring
in the Board of Directors 10y death.
resignation ui otherwise. as we'll as
vacancies of offices. provided such
vacancies are filled from among the
1 stock holders of the corporation.
The Board of Directors shall have
full control OF all the property and
all the business of this corporation
and shall so conduct. manage and
use the same. as la their discretion
shall seem tit and proper. ami is con
sistent with the Objects, purposes
and welfare Of the same. They shall
| also have full power To hire and dis
charge all employees and fix their sal
1
officers of the corporation. Until
the stockholders shall otherwise de-
cree by three-fourths vote of all
the stock of this corporation. the
| President of this corporation shall
control the policy of any newspaper
| published by this corporation, and
il il especially agreed that no person.
alities shall be put in the columns III
any such newspaper. the only criti-
cisms allowable being criticisms of
public officials in their public con-
duet, otherwise, such newspaper
shall confine itself To publishing the
news. Ii il especially understood
and agreed that such newspaper
shall lie conducted in the interest %.
the farmers, of the commerce. and
general upbuilding of the country.
the Parish of Grant and its surround
ing parishes.
1t is hereby declared the object in
publishing any newspaper shall be
70 give the people of Grant parish
and surrounding parishes a clean
and wholes ONE news medium, deyot-
ell to the moral and material welfare
of all the people. The President o
this company shall have the power
to designate an official motto fOi
such newspaper.
| ARTICLE vi.
This charter may Exchanged, mod
flied or amended. the capital stock
Increased, or this company dissolved
at Il general meeting of the stock
/ holders called for that purpose. with
the assent Of three-fourths of thu
capital stock present or represented
AT such meeting, the three-fonrths
here meant being three-fourths of en-
tire capital stock oil the company M
shown ON its books as subscribed
for.
| In case of dissolu ton of this cor
poration for any cause. the liquida
ton of its affairs shall he conducted
by three liquidators to be elected 10y
the ckholders at a meeting called
for that purpose, said liquidators t.
have full authority To dispose of the
property of the corporation AMI wind
up it's affairs. They shall remain in
Office until their duties az such arr
completed and shall fill vacancies DC.
curing in their number from among
the stockholders.
ARTICLE VII.
No stakeholder of this corporation
shall ever lie held liable or responsible
for the contracts or faults or negli
gence of this corporation. in any fur
Their sum than the unpaid balance
due the company on the shares u
stock subscribed for or owned by him
nor shall any informality in organi.
zat ton render this charter null Oh
subject any stockhoIder to liability
beyond the unpaid balance on the
stock subscribed for or owned by
him.
Thus done and passed at my office
in Colfax. Parish OF Grant. State u
Louisiana, on this the 24th day o
April. A. ID. 1909. in the presence o
Messrs. K. S. Murrell and Il. N
Hutchinson. witnesses of lawful agt
and residents of Grant parish, who
have hereuBto signed their names
together with said parties and me
notary, after due reading of the
whole.
&c II Teal........................ 10 Shares
J j O'Quinn. per G II Teal 3 Share,
Alfred NJ Goodwyn ........... Shares
Luella ID GOODWIN ..,........ - Share,
/ authorize my wife TO sign.
/ II. G. GOODWIN.
Witnesses.
+. s. Mnrrell,
L. N. Hutchinson.
G. d. LACROIX.
Deputy District Clerk and Notary
i Public. Grant Parish. La.