The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1920-04-03


motive vehicles and machines; to buy
and sell all lines OF automobile parts
and accessories. tools, implements and
automotive equipment, parts ana ac-
cessories of every kind. further to
equip, maintain and operate q repair
department for the purpose OF repair
ing and rebuilding automobiles, trucks.
tractors, and all kinds of automotive
vehicles and machines. Further to do
any and all things necessary and incl,
dental or connected with objects and
purposes of this corporation.
ARTICLE THREE.
The capital stock of this corporation
shall be fixed at Eight Thousand Dol
lars. divided into three hundred and
twenty shares of the par value of
Twenty-Five Dollars each, which stock
shall be paid in cash. All of the stock
when issued shall be fully paid and
there shall be but one class of stock
common.
ARTICLE FOUR.
Z The domicile of this corporation shall
be in the town of Georgetown, Parish
of Grant, State of Louisiana, where all
meetings of the stockholders and d.
rectors. shall be held. Ali regal pro-
cess shall be served->Qpon the Presl-
dent or in the absence Of the said Of
ficers upon such other person OF en-
ployee as authorized by law.
ARTICLE FIVE.
The affairs of this corporation shall
be managed and controlled by Board
of Directors consisting of not less than
three nor more than five stockholders
to be elected at a general stock hold
ers' meeting to be held at the Office of
this corporation on the first Tuesday of
January of each year. beginning with
the wear 1921, and the said Directors
shall hold Office for one year until their
successors are elected and qualified.
The following persons shall constitute
the first Board of Directors; j. w.
Camps, Ben Lightfoot, c. r. Long, DR..
J. w. Scott and T. R. Maxwell.
ARTICLE SIX.
The officers of this corporation shall
be: President, Vice President and
Secretary and Treasurer. The said Of
ficers shall be elected from among the
Board of Directors. The first officers
of this corporation shall be ]. w. Capps
President, Ben Lightfoot Vice-Presi-
dent, and C. R. Long Secretary and
Treasurer.
ARTICLE SEVEN.
A majority of the Board of Directors
shall constitute quorum the transac-
ton of all business. corporate powers
of this corporation as granted by laws
Of Louisiana shall be vested in and ex-
.ercised by the said Board of Directors.
ARTICLE EIGHT.
Each share of stock of this corpora
ton shall be entitled to one vote at all
meetings of the stockholders.t to be cast
in person or by proxy, provided that
all proxies shall be in writing. The
stock lReeting by letter adj
dress to each of them at his last known
postoffice address, provided such notice
may be waived by q stakeholder if such
waiver be filed on or before tie day of
meeting.
ARTICLE NINE.
This corporation my be dissolved by
q vote of two thirds in interest of all
the stockholders in the corporation at
q meeting duly and legally called for
that purpose and in the manner pre-
scribed by law.
When the corporation is dissolved.
whether by legislation or otherwise its
fairs shall be settled by one liquida-
tor elected by the stockholder with full
power to settle it's affairs in the man.
ner directed by law.
ARTICLE TEN.
No stockholder of this corporation
shall be liable or responsible for con-
tracts, failure or faults thereof in fu-
ture sum than the unpaid balance on
subscription of capital stock and no
informality in the organization shall
have effect of rendering this charter
null or of exposing the stockholders
boyond the amount their respective
subscriptions to the capital stock.
Thus done, rendered and signed in
the city of Rochelle, Parish of Grant,
State of Louisiana, in the presence of
the undersigned competent witnesses
on the date first above written. Each
subscriber hereunto setting down the
number of shares as well as the amount
of stock subscribed opposite his name.
J. w. Scott, Rochelle, La, twelve
shares; $4,000. F. w. Long, George
town, La, ten shares; $3.50. 90. O. H.
Long, (by F. w. L. Georgetown, La,
ten shares; $3.50 90. G.. R. Long (by
F. w. L. Georgetown, La, sixteen
shares; $500. 90. T. H. Barrett, George
town, La, fourteen shares; $3.50. 90.
j. w. Capps, Georgetown, La, forty
shares: s., 100000. C. C. Long, George
town, La, sixteen shares; $500. 90.
Ben Lightfoot, Rochelle, La. ten
shares; $3.50. T R. Maxwell, George
town, La, thirty-two shares; $500. 90.
Witnesses:es.
P. E. Guillot, H. Az Shippard.
S. M. ABEL,
Notary Public-Grant Parish.
STATE OF LOUISIANA,
PARISH OF GRANT.
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