The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1917-05-19

|
The period of duration of this cor
poration shall be fifty years, unless
same shall be extended, in accordance
with law, or unless such corporation
should be sooner dissolved, as provided
by law.
ARTICLE vi.
! All the powers OF this corporation
shall be exercised by, and vested in,
Board of Directors, composed of not
less than three, nor more than seven,
stockholders; said directors to be cleo
ted at general stockholders meeting
to be convened for that purpose on
the first Tuesday OF April of each sue
ceedlng year.
The names and postoffice addresses
of the directors chosen to serve for
the first wear. or until their successors
are elected and qualified. are.
Names Addresses
Victor Nj Mason, Selma, La
Jacob G.. Pope, Selma, La.
t. Harry Garrett st. Louis, Mo.
Frank E Sheldon, st. Louis, Mo.
Bonner P. Kid, Little Rock, Ark.
Alvah Whitmarsh, TeXarkana, Ark.
! Of whom, Victor M. Mason is named
as President of the Company, T. Har-
~ Garrett and JACOB q. Pope are
| named as Presidents. and Alvah
| H. Whitmarsh is named as Secretary
and Treasurer.
ARTICLE VII
| The names and postoffice addresses
of the subscribers OF these Articles of
Incorporation, and a statement of the
number of shares of stock which each
| agrees to take in the corporation, are
as follows:
ARTICLE VIII.
The directors shall elect from their
number President and one or more
Vice Presidents; they shall also elect
Secretary and Treasurer, and may
combine these two Offices in one person;
they shall also nave power to fill any
vacacy in their number.
ARTICLE TX.
All citations, summons and other
legal process, shall be served on the
President of this Corporation; or, in
case of his absence, then in the man.
ner pointed out by law.
ARTICLE X.
A meeting of the Board of Direc-
tors may be called at any time by the
President, or by majority of the men,
bers of the said Board, by depositing
notice of such call, prepaid. in United
States mail, addressed to the usual
postoffice of said member ten days be-
fore the date of such meeting.
ARTICLE XI.
A meeting of the stockholders may
be called at any time by the Board of
Directors, or by the President, by
mailing notice of such call, prepaid, to
the usual postoffice ADDRESS of each re-
speculative stockholders at least fifteen
dsys before the time for which such
meeting was called.
ARTICLE XII
The presence of all the members of
the Board of Directors at any meeting
of said Board; and the presence of all
the stockholders of this Company, in
person or by proxy, at stockholders
meeting other than the annual meeting
of the stockholders, shall obviate the
necessity of the giving or receiving of
notices of the call of such meetings.
ARTICLE XIII.
| This corporation is organized for the
purchase of, and has purchased, the
property of Grant Timber and Manu-
| featuring Company, of Texarkana,
| Miller County, Arkansas, and is to pay
for said property by the issuance to
| the stockholders of said Arkansas cor
| poration of shares of stock in the
| Louisiana corporation share for share
| in exchange for the stock owned by
the respective stockholders in the Ark
ansas corporation, which stock in the
| Arkansas corporation will be surren-
cred and cancelled.
ARTICLE XIV.
| All of the capital stock has been sub
scribed and payed in by the agreement
of the shareholders of the Arkansas
corporation to exchange their said share
| for similar shares in the Louisiana cor
poration,
ARTICLE XIV.
This corporation shall enjoy all of
the corporate powers granted to cor
porations by the laws of Louisiana, and
particularly by Act 267 of the General
| Assembly of Louisiana, and by any
| amendments thereof that may be pass
ed: the officers, directors and stock
| holders of this company shall enjoy all
powers and perform all duties granted
and required by the law Louisiana, and
particularly by the said act and such
! amendments.
ARTICLE XVI.
At the expiration of this Charter, or
| if sooner dissolved, its affairs may liqui-
dated by three Commissioners be chosen
by the stockholders, which lCommissi-
oners are hereby vested with full pow
er to sell any and all of the assets and
and property, both real and personal,
of the corporation, and convey full and
complete title thereto, ana they shall
have full power to do and preform all
acts necessary, useful and proper to