The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1915-12-18

to be: To purchase. own. issue and otherwise
acquire railroads. logging roads. tram-ways
teams wagons and other logging equipment for
the purpose OF the transportation Of logs. lnnl-
Der. timber, and other wood products and to
make and engage In contracts and In the con-
tracing business for the transportation and de-
livery. etc. either OF the crude or OF the flushed
product; to purchase. own lease, or otherwise
acquire and operate saw mills. planning mills and
other plants for the manufacture OF timber lum-
ber and other wood products; to purchase own
lease or otherwise acquire timber. timbered
lands. farm lands. aud TO sell the same. and to
act as brokers or gents for the sale thereof; to
purchase. own. lease or otherwise acquire stores.
commissaries. et.. ior the buying and selling. as
wholesale or retail IN rchants, all kinds of gener-
al merchandise. aid to operate AS many branch
stores and commissaries may be deemed peces-
sary for the busiLess of this corporation and gen
orally to do and perform all such things as may
be necessary. proper and convenient in connec-
ton with the above objects and purposes>in tie
State OF Louisiana elsewhere AS NAV be nee
essary by this corporation to carry out the OBJ |
iect and purposes far which this Corporation IL |
organized.
ARTICLE ".
The capital stock of this corporation is hereby |
fixed at the snui Of Ten Thousand Dollars. diyid- |
ell into and represented by one hundred sh ares
of the par value of One Hundred Dollars each.
No transfer oi stock shall be binding upon this
corporation unless the same appears upon its
books. The stockholders may, In the manner
provided by Law. from time TO time Increase the
capital stock. Of the corporation to such an
amount as they may see ft, and may divide the
STOCK into different classes. they may deter
mine, out the total amount shall not exceed the
AMOUNT OF rwenty ave Thousand Dollars.
ARTICLE V,
The corporate powers Of this corporation shall
De vested in board OF directors to he compose,l
u not less than three persons and TO be el,sted
~ the stockholders at a general meeting To he
leld ON the first Monday In the month of No
'ember of each ear and each director shall be a
tockholder Of this corporation
Until the selection as hereinabove proyioed.
he following shall constitute tue frst board Of
irectors. viz: A. W. stewart, c. A. Stewart and
1. l.. Stewart. the postoffce address OF each of
aid persons being Pollock, Grant parish. Louis !
ma OF waich A. W. Stewart shall be president :
A. Stewart vice president. aud H. L. stewart :
eeretary and treasurer
ARTICLE vi.
At the termination of this charter or in casa ,
tne dissolution Of this corporation. its affairs
hall be Hquidated by three stockholders acting
hquidation commissioners. To be selected at d.
sneral meeting Of the stockholders. Z
O. A. Stewart. one of the incorporators OF this Z
'rporation. hereby subscribes for ten lI0) shares
the capital stock Of said corporation and has
lis day paid TO said corporation the sum OF one
Iousand tSI0oO.oo) dollars cash therefor. :
III. L. Stewart. one Of the iacorporators of this 4
rporation, hereby subscribes for twenty t2oj d
ares of the capital stock OF said corporation 3
I'd has this day paid to said corporation the
IN OF two thousand tS2Voo. OJ) dollars easb
erefor. ~
W. Stewart. one OF the Incorporation OF this
rporation. hereby subscribes for thirty 1901 4
ares OF the capital stock of said corporation 4
d In payment therefor has this day transferred 4
the said corporation in full settlement for 4
ID stock. the following described property. to- I'll
ur ~ log wagons complete and fifteen I'll
'i'' yoke Oh oxen ... .-............. $1,000 20 |
e Cd cart, drums and grabs.......... l2l 90 4 |
e u) mule. wagon and harness ..... $50 90 | |
e ~ buggy and harness.. ......... 80 90 4 |
20 t2) tarpaulins-. 16 GO II
rec tS) camp cars ....................... . IS 90
e % lot OF shop tools and wagon ma-
'eia l5S 20 -
ne above described property has this dsy
N appraised by the directors herein above
ntioned at the sum OF three thousand $4,000,
lars. and is accepted by this corporation as (
payment for said thirty 1907 shares of can't
stock OF this corporation, subscribed for biz
W. Stewart
ne above subscription shall and does consti C(
the original subscription to the capital -
elk Of this corporation.