The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1910-08-13


Any vacancy occurring In the board
OF directors from any cause whatev.
er. between the election, shall be fill
ed by the remaining directors
Should any director. for any reas.
on, he prevented from attending a
meeting of the board, he may give
which proxy or power OF dttornt y
shall specifically state the purpose
thereof and in what manner and t.
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 di-
rector i'm all respects as fully as If 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 President. Vice President,
Secretary ard Treasurer and Gener-
al Manager, but the office of Presi-
dent and General Manager may lie
consolidated at the discretion of the
board of directors, and the offices al
Secretary and Treasurer may be fill
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
be chosen by the board of directors
at it's meeting OF the stockholders on
the first Tuesday Of June of 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: Il. o. Hart.
President and General Manager; G. j /.
Behrens, Vice President; X. g. Hart,
Secretary 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
be prescribed by the bylaws of said
corporation.
ARTICLE VII.
Certificates of the capital stock
shall be 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 may
be transferred on the books of the
company under such terms and con-
ditions as the bylaw 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 IN II passed
at any general or special meeting of
it's stockholders.
ARTICLE TX.
Whenever the said corporation IL
dissolved. either by limitation or
from any other cause, it's affairs
shall he liquidated by three (3) CON-
missioners to he appointed from
among the stockholders at general
meeting Of the stockholders conven-
ed for that purpose, after thirty (3O)
days prior notice by publication In a
newspaper published In the parish
of Grant, and with an assent of a
of the capital stock. The
said commissioners shall remain In
office until the affairs of the corpora
ton shall have been fully Iiquidated.
and in case of the death of one or
more OF the commissioners the sur
vivor or survivors shall elect sue
cessor or successors among the stock
holders. The compensation to be
received by the said commissioners
shall be fixed by the stockholders at
the time of their appointments.
The said commissioners shall have
fuli power and authority to collect
any and all monies. obligations. bills
and accounts due said corporation
and receipt for the same; to sell mt
public sale after legal advertisement
by publica ton In ut least one news
paper published In the parish of
Grant and State of Louisiana. any
and all the assets of said corpora
ton. whether movable or immOy-
able. and upon such terms and con-
ditiOns as they may deem proper,
ubu w CArCuic duu give a tdli0 Title
therefor, without the Intervention of
"A court of justice and without being
thereby empowered. Provided that
with the consent of all the creditors
and all the stockholders the assets
Df said corporation may be sold by
said commissioners at private sale
upon such terms aud conditions as
said commissioners may determine;
to pay the debts OF said corporation
and distribute the residue of the
'unds which may remain In their
hands among the stockholders IN
to the interest of each.
and to make a final report OF their
cministration at meeting of said
stockholders to be called by the said |
or by the stockhOld- |
RS themselves, in the event of the