The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1920-01-03

subscribed. and residents of the Parish
Of GRAFT, State of Louisii NJ, who de-
clared that awaiting themselves OF the
privilege conferred by the laws of the
State Of Louisiana and especially by
Act 267 of the Acts of the General AS
stmbly of the State of Louisiana for
wear 1914. relative to the formation of
corporations, they have formed and do
hereby constitute themselves into a
corporation and body polite 10 law, for
tie objects and purposes hereinafter
set forth and under the name and style
hereinafter specified, and to that end
they hereby formulate and adopt the
following articles of Incorporation, to-
Wit:
81 ARTICLE ONE.
The name and style of this corpora
ton shall be GRANT LAM q DE-
VEL OPMENT COMPANY, INC, and
it's domcile is hereby fixed at Pollock,
Grant Parish, Louisiana.
ARTICLE TWO.
The object and the purposs fo'
Which this corporation is forma and
he nature of the business to be orried
On by it are hereby declared Z be:
The buying and selling of mineraleas-
Is. options thereon, lands. Gil, gas,
travel. and all character of mierai
rights. and to mortgage exchage,
| and en-, lumber and trade any OF thm;
to own and operate pipe lines ana 0l
ling rigs, ard gravel mining tools e
| tram roads-in connection with gras
operations should the business requli
| il, to own, Us and dispose OF any an
all things necessai y to the carrying ON O.
the business herein above outlined ant
to en- p!oy al. labor. common and skill
ed, Necessary therefor or convenient
and to build ard erect such structures
81 buy the same as the business re
luires and to sell or dispose OF them O
any other property of the company
the board of directors may see mt q
such prices as the board may name Il
resolution therefor.
i ARTICLE THREE.
The capital stock of this, corporatio
shall be twenty FIVE thousand dollar
divided into one thousand shares 0
twenty five dollars each, all of whic
shall be common stock, and the capits
stock may be increased to fifty thous
and dollars, one half of the amount
5 authorized capital stock is subscribe
with the filing of these articles of j.
corporation and paid up at time of sui
scription.
ARTICLE FOUR.
Tbs asga 26 ths nssSSTR9rsslGn s'a
If directors, five in number, three
], whom shall constitute quorum, WI
shall be elected from the stockholdel
at meeting of stock holders to be he
annually on the first Monday in A pri
beginning with the year, 1920, and Nj
Frank Hamilton, r. T. Tucker, G. A
Foster, ". l.. boswell and F. U. Ma,
: well shall constitute. thu. first board {
l.directors Of whom Mr.. Frank Hamilto
!. shall be president, w. L, Boswell SCI
! retary, and w. L. Boswell manger an
S treasurer, the salaries of aid official
n to be fixed by the stockholders at til
annual meeting.
The board of directors shall meetsth
: first Monday of each month d a tim
a designated by the board atAits frs
meeting and shall at convenint tim
: adopt rules and regulations or tn
conduct of the affairs of the cvpors
e ton. The stockholders may alsC,t an
o annual n Getting adopt rules, if thenter
II est of the corporation requires.
The directors named above all reid
at Pollock, Grant parish, Louisisa
The directors above named shSal HI,
office until their successors are elect
n by annual meeting of st ,ckh0f 1ers, a
/ in the event acknowledgements NEE
/ they shall continue in office pntil the
5. successors are elected and qualify.
) ARTICLE FIVE.
n This corporation shall exist for
Z period of fifty years unless sooner d
,r solved by the consent of the stoc
holders or the operation of law. -
). ARTICLE SIX.
No stccbbelder of this corporate
shall ever be held liable for any defau
faults, debts or other Obligations of t
corporation in any sum beyond the U
T. paid balance due on stock subscrib
by hin.s
ARTICLE SEVEN.
- This corporation may be dissolved
any time bya three fJurths vote of t
as sapital stock of the corporation cast
% meeting called for such purpose
II be stockholders by the president of t
n iorr grafton and ct such stockholde
~ meeting they shall elect liquidators
e. adjust and end the affairs of the &C
er lporation who shall hold office until thu