The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1920-02-07


rights, and to mortgage, exchange
and cucumber and trade any of them:
to own and operate pipe lines and drill
ing rigs, and gravel mining tools and
tram roads in connection with gravel
operations should the business REQUIRE
1t, to own, use and dispose of anv and
all things necessary to the carrying on of
the business herein above outlined and
to employ all labor. common and skill
ed, necessary therefor or convenient.
on by 1T are hereby declared to be:
The buying and selling of mineral leas-
es, options thereon, lands, oil. gas.
and to build and erect such structures
or buy the same as the business re-
CURES and to sell or dispose of them or
any other PROPERTY of the company as
The board of directors may see fit at
such prices as the board may name in
resolution therefor.
ARTICLE THREE.
The capital stock of this corporation
shall be twenty five thousand dollars
divided into one thousand shares of
twenty five dollars each, all of which
shall be common stock, and the capital
stock may De increased to fifty thous-
and dollars, one half of the amount of
authorized capital stock is subscribed
with the filing of these articles of in
corporation. and paid up at time of SUBJ
sclption.
ARTICLE FOUR.
The affairs OF this corporation shall
be conducted and managed by board
of directors, FIVE in number. three of
when shall constitute quorum. who
shall be elected from the stockholders
at meeting of stockholders to be held
annually on the first Monday in April.
beginning with the year, 1920, and Mr..
Frank Hamilton, X. T. Tucker, G. A.
Foster, W. l.. Boswell and F. O. Max
well shall constitute the first board of
directors of whom MIR. Frank Hamilton
shall be president, w. l.. Boswell Sec
retary, and W. L. Boswell manger and
treasurer, the salaries of said officials
to be fixed by the stockholders at the
annual meeting.
The board Of directors shall meet the
FIRST Monday of each month at a time
designated by the board at its first
meeting and shall at convenient time
adopt rules and regulations for the
conduct of the affairs of the corpora
tion The stockholders may also ut any
annual meeting adopt rules, if the inter-
est OF the corporation requires.
Inc directors named above all reside
at Pollock, Grant parish, Louisiana,
1 ne directors above named shall hold
offlce until their successors are elected
by annual meeting of stockholders. and
m the event stockholders fail to meet.
they shall continue in Office until their
successors are elected ard qualify.
ARTICLE FIVE.
Ihls corporation shall exist for a :
oeriod OF fifty years unless sooner dis
solved by the consent of the stock
FOLDERS or the operation of law.
ARTICLE SIX.
No stakeholder of this corporation
shall ever be held liable for any default.
faults, debts or other obligations of the
corporation in any sum beyond the nm
laid balance due on stock subscribed
~ him.
ARTICLE SEVEN.
1his corporation may be dissolved at
my time by three fourths vote of the
apltat stock OF the corporation cast at
meeting called for SUCH purpose of
ne stockholders by the president of the
orporation and at such stockholders
meeting they shall elect liquidators to
DUST and end the affairs of the cor
grafton who shall hold Office until their
rust Is terminated, any vacancy in the
EDUCATORS to- be filled by the remain
az one from among the stockholders.
ARTICLE EIGHT.
No informalities In the organization
the corporation or the adoption of
nese articles of incorporation shah
ave the effect of making the same a
Utility or of ssessing any subscriber
stock of the company for any sum
reater than the unpaid balance on his
Inscription to stock.
ARTICLE NINE
In testimony hereof, we the under-e
gned stockholders of the stock of this
operation attach our signatures in
le presence OF the undersigned notary
lblic and two witnesses at Pollock.
ouisiana. on this the Is day of Dec
nber, 1919.
Witnesses:
EN- H. JOHNSON,
AMES F. TRACY.
I. TUCKER, Pollock, La Sc shares
Mount 81 400 90; w. l.. BOSWELL.
block. La, 56 shares, amount 81. 400.
+. .. MAXWELL, M. D., Pollock.
!. 56 shares, amount 81, 400 90, G. A.
)SIER. Pollock, La, Sc, shares.
lount 81 400 90; FRANK HAMII,.
IN, Pollock, La, Sc shares, amount
400 90.
E. C. GATES,
Notary Public.
ATE OF LOUISIANA,
hereby certify that the above and
'egolng is true copy of the original