The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1916-08-05
CHARTER
Or THE
COlfax Timber Co., Inc.

public, duly commissioned, sworn and
qualified in and for the parish of Grant,
State of Louisiana, personally came
and appeared Frank Comfy, j. H. Nc
Nicely, w. B. Strother and j. B. Nc
Knight, all residents of and domicied
in the town of Colfax, Grant parish,
Louisiana, who declared that availing
themselves of the laws of the State of
Louisiana, especially of Act 267 of the
Acts of the General Assembly of said
State of the year 1914. relative to the
formation of corporations, they have
and do hereby form themselves into
and create BODY polite and corporate
in law under the following name and
conditions, stipulatlons and agreements,
to-wit:
ARTICLE
, The name and style of this corpora
ton shall be ''Colfax Timber Company,
Incorporated, and under its said cor
porate name it shall have existence for
period of fifty years, and its domicile
is fixed at Coifax, said parish and State.
ARTICLE
The purpose for which this corpora
ton is organized and the business it
shall carry on are hereby declared to
be to buy and sell timber, logs, and
such like. and timber lands, ties, slaves,
and such like, and to cut and remove
timber from lands and do all things
necessary therein, and generally to en-
gage in the timber business in all its
features, and Herewith to conduct and
operate commissary department or
store, and generally to do all things
necessary and useful in the carrying
out of the purposes for which this cor
poration is created, such as owning
and operating barges to haul and de-
liver logs and other timbers on the
streams of this State, and to employ
all labor necessary and useful for the
carrying on the business and the pur-
poses for which this corporation is
formed.
ARTICLE
The capital stock of the corporation
is hereby fixed at five thousand dollars,
divided into five hundred shares of ten
dollars each, and this corporation shall
begin business as soon as fifty per
centum of the capital stock of the cor
poratIon has been subscribed and fifty
per centum of such subscription paid
in, and the capital stock of the corpor-
ton may be increased five thousand
dollars additional, that is to a total
capitalization of ten thousand dollars.
All stock subscribed for shall be paid
for in cash or in it's equivalent in prop
erty as required by said Act 267 of 1914
ARTICLE q.
The first board of directors shall con-
sist of ]. H. McNeely, w. B. Strother,
Frank Comfy and j. B. Mcknight, who
shall hold Office until the first Monday
in July, 1917, on which day and annu-
ally thereafter the stockholders shall
meet to elect a new board of directors,
provided that when said day falls on
legal holiday the meeting shall be held
the day thereafter.
j. B. Mcknight shall be president of
this corporation, j. H. McNeely shall
be vice president, w. B. Strother shall
be secretary-treasurer, and Frank Con-
ly, manager, and each of these officials
shall hold Office at the will of the board
of directors and no longer.
ARTICLE s.
The corporate powers of this corpor-
alton are hereby vested in the board of
directors and they shall have all the
corporate powers, which, under the
said Act 267 of 1914 and especially Sec
ton seven thereof, boards of directors
of corporations are vested with, to
which act ana said section thereof ref
erence is made and same made a part
hereof. The board of directors shall
fix the duties of the several officers of
this company.
ARTICLE
The names and postoffice address of
the subscribers to the capital stock of
this company are as follows: j. H.
McNeely, Frank Comfy, w. B. Stroth-
er, and j. B. Mcknight, all of whom
reside at Colfax, Grant parish, La.
Thus done, read and signed at Colfax,
La. on this the 28th day of June, 1916.
j. B. MCKNIGHT.
]. H. MCNEELY.
F. Comfy.
w. B. STROTHER.
Witnesses:
n z cTp0ruED