The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1916-01-29

tracing business for the transportation and de
livery. etc. either of the crude or OF the finishes
product; to purchase. own. lease, or otherwis
acquire and operate saw mills planning mills an,
other plants for the manufacture OF timber. lum
Der. and other wood products; to purchase. own
lease or otherwise acquire timber tmbere,
lands farm lands. and to sell the same. and t.
act as brokers or agents for the sale thereof te
purchase. own, lease otherwise acquire stores
commlssaries. etc.. for the buying and selling, e,
wholesale or retail m rchants, all kinds of gener
al merchandise. and to operate as many branch
stores and commissaries may be deemed neces
sary for the business OF this corporation. and gen
orally to do and perform all such things as may
be necessary. proper and convenient ia connec-
ton with the above objects and purposes in the
State OF Louisiana or elsewhere as may be nee
essary by this corporation to carry out the OBJ
ject and purposes for which this corporation is
organized,
ARTICLE Nv.
The capital stock OF this corporation is hereby
fixed at the sun of Ten Thousand Dollars. divid-
ed into and represented by one hundred sh ares
of the par value of One Hundred Dollars each
No transfer of stock shall be binding upon this
corporation unless the same appears upon it's
| 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 they may see fit, and may divide the
stock into different classes, as they may deter
mine, out the total amount shall not exceed the
amount of Twenty-Five Thousand Dollars
ARTICLE V.
The corporate powers of this corporation shall
be vested in a board OF directors to be composed
Of not less than three persons and to be elected
by the stockholders at a general meeting to be
held on the first Monday in the month OF No
vember Of each year. and each director shall be a
stakeholder of this corporation.
Until the selection bereinabove provided,
the following shall constitute the first board of
directors. viz: A. W. Stewart, c. A. Stewart and
NJ. L. Stewart, the postoffice address Of each of
said persons being Pollock, Grant parish. Louis
lana: OF which A. W. Stewart shall be president
{. A. Stewart vice president, and NJ l.. Stewart |
secretary and treasurer.
ARTICLE vi.
At the termination of this charter or in case |
of the dissolution OF this corporation its affairs
shall be lqudated by three stockholders getting |
as liquidation commissioners to be selected at a
general meeting Of the stockholders.
G. A. Stewart. one OF the incorporators OF this |
corporation hereby subscribes for ten tlo) shares
of the capital stock of said corporation and has
this day paid to said corporation the sum of one
thousand l$lUoooo) dollars cash therefor.
NJ. l.. Stewart. OF the incorporators OF this
hereby subscribes for twenty l2o) /
shares of the capital stock OF said corporation
and has this day paid to said corporation the
sum of two thousand tssoOo.OO) dollars cash
therefor.
A. W. stewart, one of the incorporators of this
corporation, hereby subscribes for thirty (s0)
shares Of the capital stock of said corporation
and in payment therefor has this day transferred
% the said corporation I'm full settlement for
'aid stock, the following described property. to-
Wit:
Four 90 log wagons complete and fifteen
tlS} YOKE oil oxen ..- ...-..--E- $500 90
)ne (1) cart. drums and grabs. l2l 90
)ne ~ mule, wagon and harness..... $50 90 |
,ne III buggy and harness.................. 80 90
Iwo W ~ 10
'hree tS) camp cars .-..~............ ..... 65 90
,ne u) lot OF shop tools and wagon ma
teriai ..-..----.-......- 15S co
The above described property has this day
cen appraised by the directors herein above
ientioned at the sum OF three thousand ($3OOo)
ollars, and is accepted by this corporation as
Ill payment for said thirty t3o) shares of CAPT.
al stock OF this corporation, subscribed for BIZ
!. W. Stewart r
The above subscription shall and does consti- II
ute the original subscription to the capital II
'ock of this corporation. III
Thus done and passed at my notarial Office In A
ranklinton. Washington parish, Louisiana, on II
he day and date first above meptionsd I'm t,a | III
Fesence OF J. L. haeee and Ruth Pridgen two
'mpetent witnesses. II
/. l.. STEWART - % sbares II
a. SiE"AhT shares
shares
Witnesses:
j. l.. MAGEE.
RUTH PRIDGEN
HERMAN E. GAYER