The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1915-08-28

lg OF tWeiVe InOuSaHu HVe nunureu
shares of par value of ten dollars per
share, and all stock shall be common
stock and shall be paid for in cash or
It's equivalent. lnasmuch as part of
the CAPITAL stock subscribed for is to be
paid for in the transfer to this corpor-
alton of property, a detailed list of
che same is annexed hereto and made
A part hereof, together with a state
ment of the reasonable valuation of
the same.
ARTICLE FIVE.
The object and Purposes for which
this corporation is organized are the
exploring, mining. and boring for oil,
sas, salt, sulphur or other minerals of
my Kind, nature or description; to ex-
,l5re produce and sell the same; to &C.
,uire by purchase, lease, donation, OF
otherwise, lands, mineral rights in
ands, and the same to exploit and de-
'elop, to utilize and sell and to do and
perform all other things necessary and
proper in the engaging and performing
he business of oil, gas. and mineral
development for profit, in the State of
louisiana and elsewhere.
ARTICLE SIX.
The affairs of this corporation shall
,e under the direction and control Of a
,oard of directors, composed of nine
members, who shall be stockholders in
he corporation. The following board
# director have been selected to serve
or the first year. or until their success
'ors are elected and qualified:
Emil Regard. Mansura. La.
Thos. A. Roy, Mansura, La.
J. w. Duncan. COlfax, La.
G. H. Teal, Colfax. La.
w. A. Brownlee, Colfax, La
T. H. McNeely, Colfax, La,
d. c. Richardson, Shreveport. La.
S. P. Schenberger, Houston. Texas.
c. S. Schenberger, Shreveport, La.
A majority of the directors shall con-
titute quorum for the transaction of
my and all business; vacancies in the
BOARD caused by anything other than
he expiration Of the term shall be fill
d by the remaining directors.
ARTICLE SEVEN.
The : Ulcers OF this corporation shall
be president, I vice-president, a sec
rotary and treasurer The Office OF
secretary and treasurer may be filled
by the same person.
The following officers have been Sc
lected to serve the first year or until
their successors have been elected and
qualified: w. A. Brownlee, President;
J. w. Duncan, ce-President; T. H.
McNeely. Secretary and Treasurer.
ARTICLE EIGHT.
All the powers of this corporation
are hereby invested in its board of d.
rectors.
ARTICLE NINE.
This corporation shall have success
sion by its corporate name for its said
period of Duration; shall sue and be
sued by its corporate name in any court
Of competent jurisdiction; shall make
and use common seal and alter the
same at pleasure; shall have power to
acquire property by grant, gift, pur-
chase, devise, or bequest, and to lease,
hold. dispose of, mortgage and pledge
the same, and exercise all other pro-
prietary rights in and to the same, SUBJ
ject only to such limitations as may be
prescribed by law. This corporation
shall have power to appoint such Off
,ers and agents as the business of the
corporation may require, and to fix
their compensation, to make bylaws,
to wind up itself and dissolve itself ac-
cording to law, to conduct its business
in the State of Louisiana and all other
States and Territories of the United
States, and to hold stock in other cor
porations as permitted by law.
ARTICLE TEN.
The stockholders meeting for the
al, u Il l. Il
nually on the first Wednesday in Au-
gust of each year beginning in the year
1916, in the form and manner pre-
scribed by Sections 10 and III of Act
No. 267 of 1914.
ARTICLE ELEVEN.
No stakeholder of this corporation
shall be held liable or responsible for
the contracts or faults of this corpora
ton in any further sum than an amount
equal to the unpaid balance, if any, on
the stock for which he has subscribed;
nor shall any informality in organiza-
ton have the effect of rendering this
charter null or exposing the stockhold-
ers of this company to any liability
other than is above provided.
ARTICLE TWELVE.
Inc PRESIDENT; and IN his absence,
the Vice-President, and in his absence,
the Secretary. Treasurer, are hereby
designated as authorized to receive
service of legal process.
ARTICLE THIRTEEN.
This corporation is organized under
the laws of the State Of Louisiana, and
shall be vested with all powers confer
red or that may be hereafter conferred
upon similar corporations, though not
herein expressly mentioned, and shall
be subject to all duties imposed by law
upon such corportions.
ARTICLE FOURTEEN.
The subscribers hereto have repec-
lively subscribed and written opposite
their names the amount of capital stock
subscribed for by them, as shown by