The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1910-07-16

Vi tCn RiiOt nOtiCC oudI OC XIV
en- by the Secretary as above.
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
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 lie exercised, and 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 il the
said director were himself present at
said meeting.
Said board of directors, without
being tbereuntO 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 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 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
he chosen by the board of directors
al 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. q. Hart,
President and General Manager; g. }.
Behrens, Vice President; X. q. Hart,
Secretary and Treasurer.
The powers and duties OF said OFF,
GERS shall be such as are customary
enjoyed ard 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 bylaws shall provide.
ARTICLE VIII.
Any written resolution signed by
all the owners of all the stock Of the
length on the minutes of the said cor
poratiOn by its Secretary. shall have
the same force and effect IN IL passed
at any general or special meeting of
its 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 (3) COM
missiOners To he appointed from
among the stockholders at n general
meeting of the stockholders cOnven-
ed for that purpose. after thirty 600
days prior notice by publication in a
newspaper published In the parish
OF 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
% 4. 4 l.
vivor or survivors shall elect n sue
cessor or successors among the stock
holders. The compensation to be
received by the said commissioners
shall he fixed 10y the stockholders at
the time of their appointment.
The said commissioners shall have
full power and authority to collect
any and all monies. obligations. bills
and accounts due said corporation
and receipt for the same; to sell at
public sale after legal advertisement
by publication In at 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 immOv-
able, and upon such terms and con-
ditiOns as they may deem proper.
and to execute and give a valid 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
Of said corporation may he sold by
said commissioner ut private sale
upon such terms and conditions az
n fret
to pay the debts Of said corporation
and distribute the residue Of the
funds which may remain in their
hands among the stockholders IN
proportion to the interest OF each.
and to make final report of their
administration at a meeting Of said
stockholders to he called by the said
or by the stockhold-
ers themselves, i'm the event of the
failure of such commissioners to call
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