The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1920-01-31
,moe.tk journal aeyeed
coIrAx. GRANT PARISH La. SATURDAY JANUARY 1920

Il
The Board of Directors shall annual
w. at its first meeting after election, |
elect from its own members. presl-
dent, vice president and secretary |
and treasurer.
The Board of Directors shall have
power and authority. from time to time |
to name and appoint such other officers, !
agents and employees as may be deem
ed necessary and to fix the compensa-
ton and define the duties OF such OHIO
ers and employees who shall hold office |
and employment at the pleasure OF the
board.
The Board may make and establish, /
as well as alter and amend any and all
BY laws, rules and regulations neces-
sary and proper in its judgment for
the conduct, support and management
of the business and affairs of said cor
poration. The said Board shall have
full power and authority to borrow
money, execute mortgages and create !
liens; to issue bonds,, notes and other
obligations and to secure same by |
mortgage, pledge or otherwise, and
generally to do any and all things. con-
venient or necessary for the proper |
carrying on of the business and affairs |
of said corporation.
The Board of Directors may issue
full paid shares of stock for cash or IN
payment of labor done and performed
for said corporation. or for property |
actually received by said corporation
upon complying with the formalities
required BY law.
ARTICLE 6.
Whenever this corporation shall be |
dissolved, either by limitation or from
any other cause, its affairs shall be
Iiouidated by three commissioners to be
elected from amongst the stockholders
at general meeting of the stockhold-
ers convened for such purpose; two
thirds in amount Of the capital stock Of
said corporation, represented at such
meeting, shall be requisite TO elect
Said commissioners shall remain in Of
fee until the affairs OF said corporation
shall be fully liquidated. In the event
Of disagreement between ssid CON-
missioners, the action Of . majority
thereof shall control Incase Of death.
resignation or inability to act Of one Of
more Of said c0mmissi0ners, the suryl-
vor or survivors shall continue to act.
Said commissioners shall have oil pow
ers conferred on them by Law or by the
stockholders at such meeting, II not IN
consistent with law
ARTICLE Z.
No stockholder shall ever be held
Liable or responsibls fo4. tho -eDDteoe>pe
faults or defaults of said coFporati0nin
any further sum than the unpaid bal
ance, if any due the corporation for
| the shares Of stock ownen by him, nor
shall any mere informality in Organiza-
ton have the effect of rendering this
charter null or of exposing 9 stockhold-
er to any liability beyond the unpaid
amount, it any, remaining due his
stock.
/ ARTICLE s.
This act Of incorporation may be
j changed, modified or amended, or the
capital stock may be increased or de.
creased, or said corporation may b
dissolved in the manner now or here.
after provided by law.
i ARTICLE NINE.
4 The following shall constitute tht
first Board of Directors of this corpo
ration:
4 j. W. Capps, Georgetown. Louisiana
w. j. Ecton, Georgetown. Louisiana
A. r. Picou, Georgetown, Louisiana
And j. w. Crpps shall be president
w. j. Ecton, vice president and A. +
, Picou shall be secretary and treasurer
The said Board of Directors shall
hold Office until the first Tuesday il
January, 1871, or until their successor
shall been duly elected and qualified.
! ARTICLE TEN.
4 The subscribers to the capital stocl
i are:
!. j. w. Capps, Forty-two shares; w. J
n Eeton, Forty-two shares; A. +. Picou
Forty-one shares
III The subscribers hereto have write
+ opposite their respective names tn
: number of shares of capital stock ]
said corporation subscribed for by eac
of them, and this act of incorporate
shall also serve as the original subscriT
IS ton list of said corporation.
{ This done and passed on the dat
e first above written in the presence {
nj j. L. Holmes and e. E. Richardson
Ie competent witnesses, who have herr
q unto signed their names, together wit
o me, Notary Public, after due readiu
= Va LIE Wa1VsCs fF q {.
y Names. No. of shares.
), j. w. Caps, Georgetown, az
= = w. j. ECTON, AZ
~ A. r. PICOU, Al
:, Witnesses:
= j. L. HOLMES.
6 E. E. RICHARDSON.
N w. r. FOSTER.
al Notary Public.
"a STATE OF LOUISIANA
) Parish of Grant
T. thereby certify that the within q
e. foregoing is true copy of the origin
or charter now on file and on record Ia It
be Office. Filed for record on the 18th d
ze of Jan. A. D. 1920, and recorded
ch same date in book No. l, .of Corpcl
&c ton Charters. at page 81 ct. seq. ct
Records of Grant Parish, La.
r. witness my fiiciaf seal and sign
er ture on this the 18th. day Of Janual
On j. O,QUINN.