The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1909-05-15

C0Ifdx Real Estate Company, Ltd.
STATE OF LOUISIANA. |
parish NJ Giant
-OF 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
biz of Louisiana for the year 1885, and also
pecially of the provisions of Act No. IS of the
Acts of said Assembly for the year 1904. they
have eovenanted 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.
| stipulations. articles and conditions following.
to-wit:
ARTICLE ONE
The name and title OF the said corporation
shall be THE CoLFAx REAL ESTATE
COMPANY, LIMITED" and it's domicile is
hereby fixed and established I'm Colfsx, Grant
parish. State Of Louisiana. and under its corpor-
ate name said corporation shall have power to
| sue and be sued to make and use corporate
seal and the same to alter and break at pleasure
to hold. receive. have. lease rent. purchase. i'm
and hypothecate. under it's corporate name prop
erty. real, personal and mixed. to name and APP
point such officers. directors. agents. managers
and emplo sees as the interest or convenience OF
said corporation may require. TO make and es-
| tabIish bylaws. rules and regulations 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 as shall or may be necessary tn carry
| out the objects and purposes Of saidcorporation.
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 Pres-
dent. shall be the proper person upon whom cita-
| ton 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 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 aud 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 under the lands. such as oil. gas. water.
salt. sulphur. lead. copper silver. gold or othe,
METALS. salts. acids and aikslies may be ther,
| in. and to buy and sell rights Of way for pipe
lines. railroads. tram roads. aud 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
| 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 on such business. whether by purchase
for cash. credit. exchange otherwise. and to
execute and sign all leases. deeds. papers. docu-
| ments. notes. transient sales and contracts nee
essary aud 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
| ts25. o0ooo) divided into two hundred and fifty
shares at the sum of One Hundred Dollars lsioo)
each. which said stock shall be paid for in cash.
or the same may be issued at a sum not less than
1
rights actually received OF purchased by said
| corporation. the same may be issued fully
paid for money advanced for the of said cor
poration. provided that shock 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 lite once
in Colfax. Grant parish. Louisiana. and on sur
render of the certificates of stock sold and
| transferred.
ARTICLE FOUR.
The corporate powers of this company shall b.
vested and exercised by board Of five direc
tors consisting of the president. the vice presi
dent. the secretary treasurer. and two otheI
stockholders. Three members OF said board
snail constitute quorum for the transaction o.
business and their decisions shall be valid cor
porate acts. Until the election of officers. a,
hereinafter provided In this charter, X. s. Cam
eron shall be President J. W. Duncan. Vic
| President: and II. l.. Graham. Secretary ant
Treasurer; and said officers. together with thu
following named stockholders. shall constitut'
the board of directors: Oscar Shanks and J. II
McNeeiy. No person shall be eligible drec
tor or officer Of this corporation who Is not
stockh holder therein.
Said officers and said board of directors shall
continue in Office until the first Monday in thu
month of May. A. D.. 1910. on which date ans
thereafter annually president. vice president
"a secretary and treasurer. and board Of direc
tors for the year ensuing shall be elected by I
general meeting Of the stockholders convened TO
that purpose. In the event such stoekhoider
annual meeting shall be held and no election TAX
place. the officers aud board OF directors at sue
time legally under this charter In once shall ~
tain their positions until their successors ar
elected In the event where the date of the stock
holders annual meeting shall fall upon a lega
| holiday then the meeting shall be held tn
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