The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1910-07-30

4
another election shall be held. where
of ten days prior notice shall be CIV
en- by the Secretary as above. Il
Any vacancy occurring In the board
of directors from any cause whatev-
er, between the election, shall be NIL
ed by the remaining directors
Should any director, for any reas-
on, be prevented from attending a
meeting of the board, he may give
his proxy or power OF attorney.
which proxy or power OF attorney
shah specifically state the purpose
thereof and in what manner and to
what extent the said delegated au-
thority shall lie exercised. aud the
person acting under said proxy or
power of attorney shall. within his |
power. represent the said absent di- |
rector In all respects as fully as II the |
said director were 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 be a 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 NIL
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
ut it's meeting OF the Stockholders on
the first Tuesday of June oil each
year.
The following named persons are
|, hereby designated to fill said offices
until the election and qualification of
their successors on the first Tuesday
in June, 1911. to-wit: L. .. Hart,
President and General Manager; Z. ).
, Behrens, Vice President; X. 6. Hart,
Secretary and Treasurer.
The powers and duties OF said OH
GERS shall be such as are customary
enioyed and exercised by those hold
ing like posi-. lions, and such as may
lie prescribed by the bylaws of said
corporation.
: ARTICLE VII.
. Certificates OF the capital stock
shall be executed by the President
q and Secretary under the seal OF the
: corporation. -.
4 No certificates shall be issued until
the stock evidenced thereby shall be
fully paid. Certificates OF stock may
!. be transferred on the books OF the
!, company under such terms and con-
: ditiOns as the by-la VS. shall provide.
o ARTICLE VIII.
h Any written resolution signed by
n all the owners of all the stock Of the
n said corporation and spread al
y length ON the minutes of the said cor
l. pOration 10y it's Secretary. shall have
n the same force and effect IA II passed
:. ut any general or special meeting o
4 it's stockholders.
If ARTICLE TX.
l. Whenever the said corporation u
l. dissolved. either by limitation o.
d from any other cause, Its affair'
3, shall be liquidated by three 90 com
r. missioners To he appointed from
d among the stockholders at a genera
,r meeting of the stockholders cOnven
It ed for that purpose. after thirty go
a. days prior notice by publication 10
n newspaper published In the paris
De of Grant, and with an assent Of |
IN majority of the capital stock. Tn
said commissioners shall remain II
office until the affairs OF the corpora
IN ton shall have been fully liquidated
ss and in case of the death Of one O
of more of the commissioners the SUI
vivOr or survivors shall elect a sui
n. cessOr or successors among the stool
It. holders. The compensation to b
n. received by the said commissioner
he shall be fixed by the stockholders a
a. tue time Of their appointment.
SO The said commissioners shall hav
full power and authority to cOlleC
any and all monies. obligations, bin
a and accounts due said corpOratiO
n and receipt for the same; to sell a
ed public sale after legal advertisement
he by publication i'm at least one new
O) paper published I'm the parish {
be Grant and state of Louisiana. an
at and all the assets of said cOrpOrs
az ton. whether movable or immO'
m able, and upon such terms and col
~ ditions as they may deem prope
mt and to execute and give valid tit
by therefor, without the Intervention {
ne court of justice and without bein
20 thereby empowered. PROVIDED tina
all with the consent of all the creditor
til and all the stockholders the asset
ac- Of said corporation may be sold b
OF said commissioners at private sa
upon such terms and conditions &
ice said commissioners may determin
me to pay the debts of said corporate
TO- and distribute the residue Of Il
'ck funds which may remain In the
hid hands among the stockholders
proportion to the interest OF eac
and to make a final report OF the
his ac ministration at a meeting of sa
nd stockholders to he called by the ga
RS, commissioners or by the stockton
IL -. In, ho ovarf r,f n