The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1909-05-29

election. Each stakeholder at the
stockholders meeting shall be 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 0f the cor
poration shall act as Chairman. and
the Secretary as Secretary of the
stockholders meeting.
ARTICLE V.
The Board of Directors shall have
full power to I'LL vacancies occurring
In the Board of Directors 10y death.
resignation OF otherwise. as well az
VACANCIES of offices. provided such
vacancies are filled from among the
stockholders of the corporation
The Board of Directors shall have
fuli control of all the property and
all the business of this corpo RAJ tit,n
and shall SO conduct. manage and
use the same. as in their discretion
shall seem fit and proper. and 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
aries as well as the salaries of the
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
1t Is especially agreed thatnu person.
aiities shall I've put in the columns of
any such newspaper. the only criti-
cisms allowable being criticisms of
public officials in their public con-
duct, otherwise, such newspaper
shall confine itself to publishing the
news. 1t Is especially understood
and agreed that such newspaper
shall lie conducted in the interest o.
the farmers, of the commerce. and
general upbuildiug of the country.
the Parish Of Grant and lis surround
ing parishes.
1t is hereby declared the object i'm
publishing any newspaper shall he
to give the people of Graut parish
and surrounding parishes clean
and WHOLESOME news medium. devot-
eel to the moral and material welfare
of all the people, The President of
this company shall have the power
to designate an official motto for
such newspaper.
ARTICLE vi.
This charter may tie changed, mod |
NED or amended. the capital stock |
Increased, or this company dissolved. /
it n general meeting of the stock
holders called for that purpose, with /
he assent of ree-fourths of fhe
:apital stock present or represented
1t such meeting, the three-fourths
lere meant being three-fourths of en-
IRE capitai stock OF the company as
Ihown on it's books as subscribed
or
In case of n dissolution of this cor
,oration for any cause. the liuuida-
ion of its affairs shall I've conducted
y three liquidators to he elected by
he stockholders ut mt citing called
Or that purpose, said liquidaturs to
ave full authority to dispose of the
property of the corporation and wind
p its affairs. They shall remain i'm
ffice until their duties as such are
ompleted and shall fill vacancies oc-
urring IN their number from among
he stockholders.
ARTICLE VII.
No stakeholder of this corporation
hall ever lie held liable or Responsible
Dr. the contracts or faults or neyli-
ence Oh TINS corpora ton. I'm any fur
ner sum than the unpaid balance
ue the company OH the shares of
lock subscribed for or owned by him.
or shall any informality I'm organi-
ition render this charter null or
Inject any stakeholder to liability
pyond the unpaid balance ON the
.ocS subscribed for or owned by
I'M.
Thus done and passed at nv office =,
COlfax, Parish of Grant. State of 9
ouisiana, on this the oath day of
prii. A.. ID. 1909. in the presence of
essrs. +. s. Murrell and Il. N. :
utchinson. witnesses of lawful age
10 residents of Grant parish, who
I've hereunto signed their names
gether with said parties and me. :,
,tary, after due reading of the "
hole.
III leai. .......-................. 10 Shares
J O'Quinn. per G H Teal 5 Shares ri
fred NJ Goodwyn ........... 2 Shares 81
leila ID GOODWIN ........... 10 Shares re
authorize my wife to sign. I'll
Ii. G. Goodwin. al
illnesses: :
Z. s. Mnrreil.
L. N. Hutchinson.
G. ID. LACROIX.
putty District Clerk and Notary
Public. Grant Parish. La.
STATE OF LOUISIANA.
PARISH OF RAPIDEs.
examined the above and
'egoing act of Incorporation OF