The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1920-04-24

ton shall be Georgetown Garage, In
and under its said name IL
shall have and enjoy corporate ex,
istence and succession for perloo
of ninetv-nine years from this date; TO
contract sue and be sued; to make and
use a corporate seal, and the same TO
alter and break at pleasure; to hold,
receive, purchase and convey, as well
as mortgage and hypothecate properly
real. personal and mixed, corporeai and
incorporeal; to own and hold stocks
and bonds of other corporations; TO
name and appoint managers, agents.
directors and officers as its business,
interests. or convenience may require,
and to make and establish, as well as
to alter and amend, from time to time, |
such bylaws, rules and regulations Tor
the proper government of the affairs OF
said corporation. as may be necessary
and proper.
ARTICLE TWO.
The purposes and objects for which
this corporation is formed and the ma
ture of the business to be carried on
bv 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 ana
automotive equipment, parts and &C.
cessories of every kind, further to
equip, MAINTAIN and operate a 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 d.
rectors, shall be held. All legal pro-
cess shall be served upon the Presl-
dent or in the absence of the said Of
ficers upon such other person or 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.
Capps, 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 ant
Secretary and Treasurer. The said of
ficers shall be elected from among the
Board of Directors. The first officers
of this corporation shall be j. w. Capp
President, Ben Lghtfoot Vice-Presi
dent, and C. R. Long Secretary ant
! Treasurer.
ARTICLE SEVEN.
A majority of the Board of Director
! shall constitute quorum the transac
, ton of all business. corporate power
of this corporation as granted by law
2 of Louisiana shall be vested in and ex
f ercised by the said Board of Directors
ARTICLE EIGHT.
Each share of stock of this corpora
: ton shall be entitled to one vote at al
q meetings of the stockholders to be cas-
in person or by proxy, provided tina
all proxies shall be in writing. Tn
stockholders meeting by letter ad
dress to each of them at his last know
t postoffice address, provided such motto
may be waived by stakeholder if sue
: waiver be filed on or before the day o
v meeting.
y ARTICLE NINE.
This corporation my be dissolved b
u a vote of two-thirds in interest of a
4 the stockholders in the corporation q
q a meeting duly and legally called fo
v that purpose and in the manner pre-
s scribed by law.
When the corporation is dissolved
e whether by legislation or otherwise il
t affairs shall be settled by one Liquids
tor elected by the stakeholder with fu
s power to settle it's affairs in the mar
# ner directed by law.
ARTICLE TEN.
No stockholder of this corporate
It shall be liable or responsible for col
tracts, failure or faults thereof in fl
ture sum than the unpaid balance {
subscription of capital stock and r