The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1916-01-22

highest terms. Obtainable every
where ADV.
tracing business for the transportation and de
livery etc either OF the crude of the finished
product; TO purchase. own. lease. or otherwise
acquire and operate mills. planning mills and
other plants for the manufacture OF timber. lum
Der. and other wood products; to purchase. own
| lease otherwise acquire timber. timbered
| lands. farm lands. and to sell the same. and to
act as brokers agents for the sale thereof; 70
| purchase own. lease otherwise acquire stores
commissares etc. for the buying and selling. as
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 may
be necessary. proper and convenient in connec-
ton with the above objects and purposes in the
state of Louisiana elsewhere may be nee
essary by this corporation to carry out the OBJ
lect and purposes for which this corporation is
organized.
ARTICLE Nv.
The capital stock OF this corporation Is hereby
fixed ut the sum OF Ten Thousand Dollars. dlvid-
ed into and represented by one hundred shares
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. 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 board OF directors to be composed
81 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 as hereinabove provided.
the following shall constitute the first board Of
directors. viz: A. W. Stewart. e. A. Stewart and
NJ. l.. Stewart the postofiiee address of each OF
said persons being Pollock. Grant parish. Louis
lana; of which A. W. Stewart shall be president.
c. 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 liquidated by three stockholders acting
as liquidation commissioners. to be selected at a
general meeting of the stockholders.
c. A. Stewart. of the ineorporators OF this
corporation, hereby subseribesfor ten (l0) shares
of the capital stock of said corporation and has
this day paid to said corporation the sum Of one
thousand (slOOO.Oo) dollars cash therefor.
NJ. l.. Stewart. Of the incorporators OF this
corporation, hereby subscribes for twenty t20)
shares OF the capital stock of said corporation
and has this day paid to said corporation the
of two thousand (s2oOo.oO) dollars cash
therefor.
A. ". Stewart. one of the incorporators OF this
corporation, hereby subscribes for thirty (so)
shares of the capital stock of said corporation.
and in pay ment therefor has this day transferred
to the said corporation in full settlement for
said stock. the following described property, to-
wit:
Four t4) log wagons complete and fifteen
u5) yoke OF oxen 20
One ~ cart. drums and grabs............. l2l 10
One Il mule. wagon and harness. $50 10
One ~ buggy and harness..-............... 30 90
Two GU l6 20
Three go camp IS 90
One a. lot of shop tools and wagon ma
teriai 15S co
The above described property has this day
been appraised by the directors herein above
mentioned at the sum OF three thousand ($3OOO)
dollars. and is accepted by this corporation as
full payment for said thirty 1907 shares of capt.
tai stock of this corporation. subscribed for BY
A. W. Stewart.
The above subscription shall and does consti-
tute the original subscription to the capital
stock OF this corporation.
Thus done and passed at my notarial Office in
Franklinton. Washington parish, Louisiana, on
the day and date first above mentioned in the
competent witnesses.
NJ. l.. STEWART ......................2 20 shares
c. A. STEWART ...... .................lO shares
W. STEWART-.......-.. shares
Witnesses:
J. l.. MAGEE.
RUTH PRIDGEN
HERMAN E. GAYER.
Notary Public.
STATE OF LOUISIANA
Parish OF Washington
Personally came and appeared before me- the
undersigned authority, A W. Stewart and G. A. |
Stewart. who after being duly sworn say: That
they are the persons mentioned In the act OF in
corporation executed before Herman T. Gayer, |
notary public In and for Washington parish, |
Louisiana, on December srd. 1915. as president |
and vice president respectively; that they know |
and do hereby swear that the sum of six thou |
sand ts6.oOo.OOl dollars has been paid into the |
treasury OF the said corporation. ssOoOoo of