The Colfax chronicle., 1920-02-28

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 saio 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
| liquidated 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
flee until the affairs OF said corporation
shall be fully liquidated. In the event
of disagreement between said COM
missioners, the action of a majority
thereof shall control. In case of death,
resignation or inability to act of one or
more of said commissioners, the survi-
! vor or survivors shall continue to act.
u oh, haxr oil
ers conferred on them by law or by the
stockholders at such meeting. if not in
, consistent with law.
ARTICLE T..
j No stockholder shall ever be held
5 liable or responsible for the contracts,
: faults or defaults of said corporation in
i any further sum than the unpaid bal
E ance, if any due the corporation for
: the shares of stock ownen by him, nor
+ shall any mere informality in organiza-
e ton have the effect of rendering this
charter null or of exposing stCckhold-
er to any liability beyond the unpaid
!, amount, it any, remaining que his
= stock.
J, ARTICLE 8.
: This act of incorporation may be
: changed, modified. or amended, or the
. capital stock may be increased or de-
& creased, or said corporation may be
dissolved in the manner now or here
after provided by law.
ARTICLE NINE.
q The following shall constitute the
$ first Board of Directors of this corpo-
! ration:
p j. w. Capps, Georgetown. louisiana,
W. j. Ecton, Georgetown, Louisiana,
% A. X. Picou. Georgetown, Louisiana.
'r And j. w. Capps shall be president,
=, w. j. Ecton, vice president and A. K.
u Picou shall be secretary and treasurer.
y The said Board of Directors shal
"a hold office until the first Tuesday il
y January, 1871, or until their successors
70 shall been duly elected and qualified.
,yr ARTICLE TEN.
D. The subscribers to the capital stock
sl.are:
~. w. Capps, Forty-two shares: w. j
Ecton, Forty-two shares; A. r. PicOu
1" Forty-one shares.
u The subscribers hereto have writtel
=, opposite their respective names th
- number of shares of capital stock il
~, said corporation subscribed for by eac
IN of them, and this act of incorporation
~ shall also serve as the original subscrip
bs ltion list of said corporation.
tn This done and passed on the dat
ed first above written in the presence o
or j. L. Holmes and E. E. Richardson
'r- competent witnesses, who have here
unto signed their names, together wit
% me, Notary Public, after due readin
do of the whole.
nd Names. No. of shares
all j. w. CAPPS, Georgetown, AZ
,r- w. j. ECTON, :. AZ
en- A. r. PICOU, /" Al
Witnesses:
tai j. L. HOLMES.
in E. E. RICHARDSON.
IN w. P. FOSTER.
Notary Public.
STATE OF LOUISIANA
MS Parish of Grant
* thereby certify that the within an
be foregoing is true copy of the origin,
Tor charter now on file and on record in thi
he office. Filed for record on the 10th da
a of Jan. A. D. 1920, and recorded Q
Try ton Charters, at page 81 ct. seq. of Il
OF Records of Grant Parish. La.
TX Witness my ,fficial seal and sign,
no ture on this the 10th, day1of Januar,
rst A. D. 1920.
It'll ]. j. O'QUINN.
md Clerk and Recorder.
Drs -------------
lm Notice of Final Proof.
u. S. Land Office at Baton Rouge, Il
al | January 9, 1920.
De Proof made under Act June 6, 1912
w. Notice is hereby given that Jes.
L.