The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1910-07-09

sOOn as may De pracClcal tneredfte
another election shall be held. where
OF ten days prior notice shall be Civ
en- by the Secretary as above.
Any vacancy occurring In the boar,
OF directors from any cause whatev
err, between the election, shall be fill
ed by the remaining directors.
Should any director, for any reas
on, be prevented from attending 4
meeting of the board, he may CIV,
his proxy or power OF attorney
which proxy or power of dttOrne
shall specifically state the purpos,
thereof and In what manner and tt
what extent the said delegated au
thOrity shall be exercised, and til,
person acting under said proxy OF
power Of attorney shall. within hi,
power, represent the said absent di
rector in all respects as fully as IL the
said director were himself present al
said meeting.
Said board of directors, without
being thereuntO specially authorized
by the Stockholders, shall have full
power to mortgage the property al
the corporation and to issue notes
or bonds under the said mortgage.
ARTICLE vi.
The officers of this corporation
shall be Il President. Vice President,
Secretary ard Treasurer and Gener-
al Manager. but the office of Presi.
dent and General Manager may be
consolidated at the discretion of the
board of directors, and the offices OF
Secretary and Treasurer may he fill
ed 10y 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 stock holders on
the first Tuesday of June of each
year.
The following named persons are
hereby designated to ill said offices
until theelection and qualification OF
their successors on the first Tuesday
in June, 1911. to-wit: II. q. Hart,
President and General Manager; e. J.
Behrens, Vice President; X. 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 NAV
he prescribed by the bylaws OF said
ARTICLE VII.
Certificates OF the capital stock
shall be executed by the President
and Secretary under the seal of the
No certificates shall be issued until
the stock evidenced thereby shall be
fully paid. Certificates OF stock may
De transferred on the books of the
company under such terms and con-
ditions 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 by it's Secretary shall have
the same force and effect as II passed
at any general or special meeting of
it's stockholders.
ARTICLE TX.
Whenever the said corporation is
dissolved. either by limitation or
from any other cause. it's affairs
shall be liquidated by three 80 CON-
to he appointed from
among the stockholders at q general
meeting OF the stockholders couven-
ed for that purpose, after thirty 900
days prior notice by publication In a
published in the parish
81 Grant, and with an assent of a
majority OF the capital stock. The
said commissioners shall remain In
office until the affairs of the CORPORA
ton shall have been fully liquidated.
and in case of the death of one or
more OF the commissioners the sur
vivOr or survivors shall elect a sue
cessOr or successors among the stock
holders. The compensation to be
received by the said commissioners
shall he fixed by the stockholders at
The time OF their appointment.
The said commissioners shall have
uIl power and authority to collect
any and all monies. obligations, bills
and accounts due said corporation
md receipt for the same; to sell at
public sale after legal advertisement
~ publication in at least one news
PAPER published in the parish of
irant and State of Louisiana. any
md all the assets of said CORPORA |
ion. whether movable or immov-
!ble, and upon such terms and con-
litions as they may deem proper,
md to execute and give a valid title |
therefor, without the Intervention OF |
court of justice and without being
hereby empowered. Provided that |
With the consent of all the creditors
md all the stockholders the assets
II said corporation may be sold by |
aid commissioners at private sale
pom such terms and conditions as
aid commissioners may determine;
o pay the debts of said corporation
nd distribute the residue of the
lnds which may remain In their
ands among the stockholders IN
to the interest OF each,
nd to make final report OF their
administration at a meeting OF said
tockholders to he called by the said
commissioners or by the stockhold-
RS themselves, In the event OF the
allure OF such commissioners to call