The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1910-07-16
CHARTER
Colfax Hardwood Lumber
Company.
UNITED STATES OF AMERICA,
STATE OF LOUISIANA,
PARISH OF GRANT.
VILLAGE OF COLFAX.


the date hereof. unless sooner dissolved by law
or In the manner hereinafter stipulated.
ARTICLE II.
Under said name and style the said corpora
tion shall have power to contract and be con-
tracted WITH sue and be sued; to make and use
a corporate seal and to alter and change same
at pleasure; to adopt. make and enforce such
bylaws. rules and regulations for its government
as IT may chose not contrary to the laws OF the
United States. this State or this charter; to en-
ploy and TX the compensation Of such officers.
employees and agents "a the interest OF the COR
poration may suggest: to purchase, own. lease.
receive. hold and convey. as well as mortgage
pledge and hypothecate property both real, per-
sonal and mixed; to acquire. construct and OPP
crate mills and factories to manufacture lumber
and timber products Of all kinds: and to oper-
ate in connection with their manufacturing
plants and their timber and timber land pur-
chases eommissaries and general mercantile
business and to buy and sell all classes Of goods
wares and merchandise may be desired In con-
nection with such commissaries; to build equip
own and operate railroad and steamboat lines
to be used In connection with the lumber busi-
ness In which 1t may be engaged: to own, SELL
lease. improve and cultivate farms and farming
lands. and generally to do any aud all acts and
dent to the successful operation OF the business
outlined In the objects and purposes OF this cor
poration.
The objects and purposes for which this cor
poration 10 organized are to conduct O general
Wholesale and retail lumber business and the
manufacture and sale Of timber products acquir-
ed or manufactured In connsction Herewith
which business II to be conducted mainly at or
near the Village Of Colfax. Ia the parish Of Grant
and State OF Louisiana and otherwise at such
to establish at said places plants for the manu-
iacture Of lumber and timber products; to man
ufacture. buy and sell timber and timber lands
lumber. barrels. slaves and other timber pro-
ducts Of every kind Whatsoever. as the corpora
ton shall chose to have and to own all and
singular the necessary appnrtenances. appl-
ances. stock. wagons. implements and all other
things whatsoever that may be necessary In the
conduct Of said business: to operate In connec-
ton with said manufacturing plant and timber
land purchases. be IL made or acquired. commits
ness in connection Herewith. with power to buy.
own and sell goods, wares and merchandise OF
every kind Whatsoever; and to bug, lease. hold.
develop and sell timber and timber lands; to
build. construct, own. maintain and operate
roads and roadways aud steamboat lines and
other modes and means Of conveyance, to be
used in the connection with the said timber tim
Der lands. lumber and timber products; to own.
improve, lease, sell and operate farms and farm.
ing lands. and to conduct In connection there
with general planting business. and to farm or
have same farmed as and In such way and man.
her as the corporation sees 1T and proper.
ARTICLE Nv.
All citations or other legal process shall be
served upon the president OF the corporation
and In his absence upon the vice president. and
in the absence Of both, upon the secretary treas
urer. at the domiciIe OF said corporation a.
herein nxed.
ARTICLE v.
The capital stock Of this corporation Ia hereby
fixed at the sum Of FIFTY THOUSAND
t$50. O00.00) DOLLARS. to be divided into i've
hundred 1901 shares Of par value Of one hun
dred ($100.O0) Dollars each. provided that this
begin to transact business as soon twenty five
thousand SIS GOO .00D dollars OF thecaptal stock
shall be subscribed for and fully paid In. In the
manner hereinafter stipulated. No stock shall
bo iaono ffpr Ioaa han nd fsf hall
be paid for except In cash or property, or valu-
able services rendered said corporation. and no
certificate of stock shall Issue unit. the same
shall have been fully paid for in the foregoing
manner.
ARTICLE VI
All corporate power of this corporation sha all
be vested In a board Of directors, composed OF
fve 90 stockholders. and majority Of said
board shall constitute a quorum for the transae-
ton Of business. Said directors shall be annu-
ally elected at u general meeting Of the stock
holders Of the said corporation. to be held annu-
ally on the LIST day OF July OF each year. or the
following day In the event said day Is legal
holiday. or as soon thereafter ~ IN practicable.
Notice OF said meeting and election shall be CIV
en- In writing and sent by mail. addressed to the
postofice address OF each stakeholder Of record
on the books Of the corporation, ut least fifteen
t15) days prior to said meeting and election, by
the secretary treasurer Of the corporation. The
directors elected at such meeting shall hold
Office for term Of one t,) year, or until their
SUCCESSORS shall have been elected and qualified
such. Each stakeholder Of record on the
books Of said corporation shall be entitled to
cast at such meeting. either In person or by
proxy. one vote for each share OF stock held by
him, and the majority of votes east at such a
meeting shall elect or decide ell questions before
It, Any vacancf occurring from any cause In
the board Of directors between the dates Of the
annual meeting herein provided shall be filled
by the remaining members Of the board Of direc-
tors. immediately after their election. the board
OF directors Just selected shall meet and elect
from among their number president, vice presi-
dent. general manager, secretary and a treasu-
rer provided however. that the Office of presi-
dent and general manager. II the directors 80
decide. may be held by the same person. and
the offices OF secretary and treasurer. II the drec
tors so desire. may be held BY one person. The
duties Of said oficers shall be such with respect
| to each Office filed. usually pertain thereto,
and as may be further provided by the bylaws
Of this corporation. to be hereinafter adopted.
this corporation shall be held on the LIST day Of
September. 1919. subjsct to the foregoing provis-
ions; until that time the following persons shall
compose the nrst board OF directors. to-wit:
Blow. c. A. Wcis.
Until that time or until their successors shall
have been duly elected. A. 8. sheriff. shall be
?: snS s.crstsry. G. A. wsis shall Be vice prssi.
dent end G. b. Sheriff. shall be treasurer OF this
corpora ton.
rh,s corp, nation may be dissolved with the
eonssnt ~ fhr -fourths "a Of the stock present
a. snscsi mer ng called for that purpose after
tS,et ssas az z. >tice of the holding Of such q
mestius' by pubica, ION In one Of the newspapers
published in Colfax. in she parish Of Grant state
- soch ,nseting having been mailed to each
stocS holder at his postofce address. by the sec
rotary treasurer Of this corporation;
Thischarter msy be amended o! a1eTeo IN any
reeuert authorixed by Law by complying with
the laws Of this state relative TO such amend
ment In existence at the time such amendment
or alteration is made. Whenever this corpora
ton il dissolved. either BY hmnaton or lou
sny other cauee its affairs sh all be Iiquidated BY
three commissioners. elected for that purpose by
the stock holders of said corporation. at gener
al meeting convened and held for that purpose
SAID commissioners shall be chosen from among
the stockholders and shall remain In once unit
the affairs Of the corporation shall De July set
tied and iiquidated and in the event OF the deatt
or resignation Of one more OF them. the sur
viyors or survivor shall continue to act
AQTICI VII