The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1910-08-06

Oh ten days prior notice shall be Civ.
EN- by the Secretary as above.
Any vacancy occurring In the board
OF directors from any cause whatev.
err. between the election, shall be ill.
ed by the remaining directors
Should any director, for any reas-
on, he prevented from attending a
meeting OF the board, he may give
his proxy or power of attorney.
which proxy or power of dttOrne Y
shall specifically state the purpose
thereof and in what manner and to
what extent the said delegated au-
thority shall be exercised, and the
person acting under said proxy or
power of attorney shall. within his
power. represent the said absent d.
rector in all respects as fully as IL the
said director We're himself present at
said meeting.
Said board of directors. without
being thereunto specially authorized
by the Stockholders, shall have full
power to mortgage the property of
the corporation and to issue notes
or bonds under the said mortgage.
ARTICLE vi.
The officers of this corporation
shall he u PRESIDENT, Vice President,
Secretary ard Treasurer and Gener-
al Manager. but the office of Presi-
dent and General Manager may he
consolidated at the discretion of the
board of directors, and the offices of
Secretary and Treasurer may he I'LL
ed by one and the same person.
In the bylaws of this corporation
the directors may provide for such
other officers as they may deem nee
essary. All of the said officers shall
he chosen by the board of directors
at its meeting of the stockholders on
the first Tuesday OF June OF each
year.
The following named persons are
hereby designated to iii said offices
until the election and qualification Of
their successors on the first Tuesday
in June, 1911. to-wit: Il. o. Hart.
President and General Manager; e. j.
Behrens, Vice President; k. g. Hart,
and Treasurer.
The powers and duties of said Off
GERS shall be such as are customary
enjoyed and exercised by those hold
ing like positions. and such as may
he prescribed by the bylaws of said
corporation.
ARTICLE VII.
Certificates OF the capital stock
shall he executed by the President
and Secretary under the seal of the
corporation.
No certificates shall be issued until
the stock evidenced thereby shall be
fully paid. Certificates of stock NAV
be transferred ON the books OF the
company under such terms and con-
1itions as the bylaws shall provide.
ARTICLE VIII.
Any written resolution signed by
all the owners of all the stock of the
said corporation and spread at
length on the minutes of the said cor
poration 10y it's Secretary. shall have
the same force and effect as II passed
at any general or special meeting OF
is stockholders.
ARTICLE
Whenever the said corporation n
dissolved. either by limitation or
rom any other cause, its affairs
shall be liquidated by three CD CON-
nissioners To. he appointed from
among the stockholders ut a general
meeting OF the stockholders cOnven-
"a Tor that purpose. after thirty (3O)
lays prior notice by publication in a |
newspaper published in the parish |
d Grant, and with an assent of a
majority of the capital stock. The |
aid commissioners shall remain In |
,fflce until the affairs of the corpora
ion shall have been fully liquidated.
md IN case OF the death Of one or
more OF the commissioners the sur
'ivor or survivors shall elect sue
essOr or successors among the stock
lo;ders. The compensation to be
eceived by the said commissioners
hall be fixed by the stockholders at
he time Of their appointment.
The said commissioners shall have
Ill power and authority to collect
my and all monies. obligations. bills
lnd accounts due said corporation
md receipt for the same; to sell at
'ubiic sale after legal advertisement
y publication i'm at least one news
'aper published in the parish of
irant and state of Louisiana. any
nd all the assets of said CORPORA
ion. whether movable or iminoy-
bic, and upon such terms and con-
itions as they may deem proper,
no TO execute and give valid title
berefor, without the Intervention OF .
court of justice and without being .
hereby empowered. Provided that
nth the consent of all the creditors
nd all the stockholders the assets .
said corporation may he sold by
aid commissioner ut private sale
pom such terms and conditions as
aid commissioners may determine:
pay the debts OF said corporation
nd distribute the residue of the !
lnds which may remain In their
ands among the stockholders IN I
roportion to the interest OF each. !
nd to make final report OF their
at a meeting of said :
fockholders to be called by the said !
commissioners or by the stock hold
3 themselves, I'm the event of thel
ilure OF such commissioners to call !
n 1