The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1913-08-09
ARTICLE FIVE.

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and paid for.
ARTICLE FIVE.
No stock of this corporation shall be sold to
any other than stoekbolder therein until the
same has Seen offered for sale to the stoekhold
ers for period Of ten days allowing the stock
holders the privilege of purchasing the same ut
fixed price. This ten days notice shall be con
| dered given when written or printed notice
Il the Offer Of sale. naming the price. has been
| posted for ten days In the Office Of the company
| at it's domicile
No transfer of stock shall be binding until the
| 'ame has been entered on the books OF the com
pany:
| ARTICLE SIX.
| All the powers Of this corporation are hereby
| vested in Board Of Directors to consist Of nine
| stockholders live Of whom shall constitute "A
| quorum for the transaction Of business ana
| sheir acts shall be valid corporate acts
The Board of Directors shall be elected by the
stockholders annually at the annual meeting OF
| the stockholders. which annual meeting shall be-
held on the second Thursday OF the month of
April Of each aud ever, wear. beginning with the
year 1914. and the directors herein kamed and
their SUCCESSORS when elected shah hold office
| asti the election OF their SUCCESSORS. The board
III directors shall be elected by majority vote
| Of the stockholders and shall be by ballot zach
stakeholder shall be entitled to as many votes
AS there are shares OF stock standing in his name
| on the books Of the corporation and any stock
aolder may vote eitherjn person by written
proxy at the said animal meeting. as well as
also at any other meeting OF the stoekhoidess Of
the corporation.
Any vacancy occurring on the board of direc-
tors shall be filed. for the unexpired term, by
che remaining members Of the board Of directors
| The officers Of the corporation shall be pres-
lent. vice-prcsident. a secretary and a treasu-
Ger. and such othe,s AS the board of directors
| nay deem necessary and declare by resolution
md the board OF directors may provide by resp
lution that one person shall hold the Office OF
secretary and treasurer. All the officers and en-
ploye-s and agents OF this corporation shall ex-
.rcise and possess only such authority ms may
| be conferred ON them by the board of directors
| No one shall be eligible 10 membership on the
board of directors except the sockhoiders Of the
corporation and the sale and transfer Of all his
stock by any stakeholder shall. ipso facto va
cate his membership the board Of directors
No member Of the board Of directors may attend
Is meetings by proxy. written or otherwise
| The board of directors shall meet at such times
| AS they shall TX and select by resolution and al
such other times a. they may be calisd In special
session by the president Of the board or the
| joint request Of any three members thereof mad.
in writing. and each member of the board shall
have timely notice Of the meeting. All meetings
| of the board of directors shall be held at it's
domcile The board Of directors shah elect by
majority vote of the quorum present. the first
meeting after their eiection the several officers
herein above provided. except that until fhe first
annual election Of the board OF dire tors as here
| in provided the members Of the board of direc-
tors and the officers Of the corporation named
herein shall be follows: c. H. Teal shall be
| president. DIR. 4. A. Simms shall be vice-presi-
dent. H. II. Williams shall secretary, and
| n. H. Williams shall be treasurer. and the said
| persons. together with +. W. Onenhauser, j. X.
Dale Louis Hebron. X. }. O'Dwyer. J. ]. o.
Quinn aud John A. Barlow, shall constitute the
first board Of directors of this corporation and
shall hold Office until their elected.
| ARTICLE SEVEN
| Citation and all other legal process shall be
served the corporation in its Office at its
domicile by service the president. or in ease OF
his absence on the viee-president. of them, Oh
the secretary, or Of them on the treasurer.
| ARTICLE EIGHT
This charter may be amended or altered. the
capital stock of the corporation Increased or de-
creased. or the corporation dissolved. by the
consent Of tbreefourths of all the stockholders
of the corporation held for the purpose after ten
days notice 10 each stakeholder. mailed to him
at his la 4 known postoffice address. the said
notice to give the purpose OF the meeting and
I A.. 4 a ID.
the office OF the company and the notice of such
meeting shall be published in newspaper pub
iisbed in the town of the domieile OF the corpora.
ton Ten days such notice by publication and
mailing to the addresses Of the stockholders
shall also be given Of the annual meetings OF
stockholders as provided for IN this chnrter.
| ARTICLE NINE.
When this corporation shalt he dissolved by
limitation otherwise. its affairs shall be Iqu
dated by three commissioners To he elected by
the stockholders ol the corporation. aud the
said commissioners shall have power to wind ny
the Affairs OF the corporation. settle its business
aud distribute it's funds. after the payment ~ al
it's Just debts. Stockholders meetings. except
the annual meetings provided TOR. shall be or
,l.resi b, the board of directors the secretary al
the board TO give notice thereof. and until ths
permanent organization Of any meeting of stock
holders the president OF the board Of drecto or.
shall be chairman and the secretary 81 the board
secretary OF tine stockholders meeting.
ARTICLE TEN
No stakeholder OF this corporation shall eyel
be held liable in any manner personally for tbs
debts or other obligations Of this corporation
or for lis contracts or faults. for any amount In
| excess OF the unpaid balance due the corporation
for stock subscribed by him. nor shall any infor
maiity In the organization OF this corporation
have the effect of rendering this charter null o
OF exposing any Of it's stockholders to any liza
bility other than for such unpaid balance due OF
stock subscription.
Thus done read and signed at Colfax. Louisi
| ana on this the 18th day Of July, 1919. in tn.
presence OF the undersgned competent witnesses
+. W. OFFENHAUSER,
7. A. SIMS,
c. II. TEAL.
JNO. A. BARLOW.
j. Il. ROBERTS.
. JAS. J. 0'QU1NN.
Witnesses:
A. L. PERKINS.
NJ. f. SwAFfoRD.