The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1920-06-12
ARTICLE SEVEN

j The Board of Directors shall he
J eiected annually on the first Mondav
! y. July OF each year, except the first
BOARD as shown by this Charter. which
noaro. shall serve until its successors
snail have been elected and qualified
All elections shall be by ballot and
conducted at the Office of the Assoc;a.
uon under the supervision of three
commissioners to be appointed bv the
Board of Directors. Notice of e,ecs
taon shall be given by publication for
not less than ten (lO) DAYS prior to
such election in a newspaper uuhliahs
ca IN the Parish of Grant, or in fha
event there should be no newsnanar
published in the parish, then in a news
paper published in the city of New
orleans, and written M tice mailed to
each stakeholder. Every stockboIder
snaH De entitled to vote'for each share
/ OF STOCK standing in his name on the
| DOCKS OF the Corporation for at least
twenty days prior to the election. and
the vote OF the stockholders shall he
cast IN person or by written proxy and
majority OF the votes cast shall elect
ANY vacancy occurring among the d. 4
reetors by death. resignation or other
Wise snail De filled for the remainder
OF the term by the remaining directors
put failure TO elect directors at the
uaCe specined shall not dissolve the
corporation, but the directors then in
once snail remain in Office until their
successors are elected and qualified.
sno snaii nave the authority to call q !
special election without published no.
ice 70 elect new Board. The first
1870 oI qlrectors named in the charter
sna'a eject from their number by BAL
,oe, : resident, two or more Vice
rlesldents, and Cashier who snail Il
s &C. as secretary OF the Corporation.
ano .ne saio Board may appoint such |
once managers, clerks.
! agents. or employees
=. .uey may deen necessary to carry
on the business of the Corporaf;on and
saId employees shall hold Office and
shall be delegated such authority az
The Board of Directors NAV &C.. If
Said board shall also make and sx,.h.
ish at will, bylaws, rules and rep1ia-
ions for the proper management and
conduct OF the business and affairs sof
his corporation. All the corporate
lowers Of this corporation are herehv
ested in said Board of Directors. ex.
ept such as may be especially reserv.l{
q by law, and these Articles of Incor. II
grafton. to the stockholders. The sealtl
this Corporation shall be in the ems II
by OF the Cashier and shall be in the II
orm OF Pelican feeding her Young
itn the name of the Association in.
;ribed around the dye.
ARTICLE EIGHT, II
The capital stock and the number of
lares IN this Corporation may be in
'eased or diminished, or this charterti
ay be modified. changed or amended.
ltn the assent of two third ca of -
mount OF capital stock, or the said :.
rporation may be dissolved with the s
sent OF three fourths of the amount )
capital stock of this association giv-
at general meeting. of the stock
lders convened for the purpose after
e notice OF said meeting shall have
en- puDiished IN newspaper for thir-
Gays prior to the converting of said :
'eting and by written notice mailed Z
each stakeholder addressed to his :
'idence. as it appears on the books
the Corporation.
ARTICLE NINE. ~
Whenever this Corporation NAV no
solved, either by limitation or bv
other cause, its affairs shall be
lidated by three stockholders to be :
cted at general meeting of the
ckholders to be convened for that {
pose after publication for thirty =
9 IN newspaper as heretofore set
tn, and two thirds of the stock vot- -
at said election shall be required to
It. The said liquidating commits a~e
lers elected at said meeting shall
lain in Office until the affairs of the {
poration shah have been complete
lquidated and in case of death of Z
or more of said commissioners the
ancy shall be filled by the remain
commissioners. !
hus done and passed, in my Office Z
he town of Coifax, in the Parish of 5 1
ut, on the day, month and wear
lin first above written, in the pres
of S. w. Johnston and T. MI: =
tn competent witnesses, who here
} sign their names, with said ap-
'ers, and me, Notary Public after
reading Of the whole. X
illnesses: L. L. ROACH TX
!. SMITH. Notary Public.
I. JOHNSTON. IL \