The Colfax chronicle., 1920-04-10

| oSS, ooS 1Ld NC oQC0, W AidhC dll
use corporate seal, and the same t
alter and break at pleasure: to hole
receive, purchase and convey, as we
as mortgage and hypothecate propert
real, personal and mixed, corporeal an
incorporeal; to own and hold stock
and bonds of other corporations;
name and appoint managers, agents
directors and officers as it's business
interests, or convenience. may require
and to make and establish, as well a
to alter and amend, from time to time
such bylaws, rules and regulations fo
the proper government of the affairs O
said corporation as may be necessar,
and proper.
ARTICLE TWO.
The purposes and objects for which
this corporation is formed and the ma
ture of the business to be carried OF
by it are hereby declared to be:
To buy and sell automobiles, trucks
tractors and any and all kinds of auto
motive vehicles and machines; to buy
and sell all lines OF automobile parts
and accessories. tools, implements anC
automotive equipment, parts and &C.
cessories of every kind, further tc
equip, maintain and operate 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.
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 di-
rectors, shall be held. All regal pro-
cess shall be served upon the Presi-
dent or in the absence of the said Of
ficers upon such other person or en-
90 o0CiOIiLCu NY 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 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 year 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.
capps, Ben Lightfoot, C. R. Long, DR..
J. w. Scott and 7. R. Maxwell.
ARTICLE SIX.
The officers of this corporation shall
,e: President, Vice President and
Secretary and Treasurer. The said Of
icers shall be elected from among the
Board of Directors. The first officers
# this corporation shall be j. w. Capps
resident, Ben Lightfoot Vice-Presi-
lent, and c. R. Long Secretary and
Treasurer.
ARTICLE SEVEN.
A majority of the Board of Directors
hall constitute quorum the transac-
ion of all business. corporate powers
f this corporation as granted by laws
t Louisiana shall be vested in and ex-
rclsed by the said Board of Directors.
ARTICLE EIGHT.
Each share of stock of this corpora
ion shall be entitled to one vote at all
leetings of the stockholders to be cast
! person or by proxy, provided that
II proxies shall be in writing. The
tockholder's meeting by letter ad-
ress to each of them at his last known
ostoffice address, provided such notice
lay be waived by stockholder if such
'aiver be filed on or before the day of
leeting.
ARTICLE NINE.
This corporation my be dissolved by
vote of two-thirds in interest of ali
le stockholders in the corporation at
meeting duly and legally called for
lat purpose and in the manner pre-
,ribed by law. /.
When the corporation is dissolved,
neither by legislation or otherwise its
II Oils ondA US ScClieu Dy one nQulQa-
n elected by the stockholder with full
over to settle It's affairs in the man.
er directed by law. {
ARTICLE TEN. u
No stockholder of this corporation {
lall be liable or responsible for con-
acts, failure or faults thereof in fu- I
ire sum than the unpaid balance on
Inscription of capital stock and no
formality in the organization shall
I'VE effect of rendering this charter {
Ill or of exposing the stockholders s
,yond the amount their respective
Inscriptions to the capital stock.
Thus done, rendered and signed in
le city of Rochelle, Parish of Grant,
tate of Louisiana, in the presence of $
e undersigned competent witnesses |
! the date first above written. Each I
lbscriber hereunto setting down the !
lmber of shares as we'll as the amount !,
stock subscribed opposite his name.
j. w. Scott, Rochelle, La, twelve
ares; 100000. F. w. Long, George t
wn, La, ten shares; $3.50. 90. o. H 9