Southern shield., 1853-11-12
:. .,,ar of the Arkansas Midland VD Railroad Company.

k he called "lne hrkansas Mloiaiiu
 pDs,;1road Ds Company" and it's office is
 sa ead in the town of Helena; and it
 nssu ass1I be composed of John s. Rornor
 IIi Iobn c. Palmer, T. s. \. King, H, yOIS B;scoe, ". F. Moore, Samuel Mar i;, n and John T. Jones, and such oth-
 slD, ,. nprsons as may hereafter take stock
 7. '. said Company. And said before
 ,u a,-sip named persons, citizens of the - p'SStste of Arkansas subscribed their
 ssnss ,s hereto for the purpose of filing
 .S. % Charter in the office of the Secre-
 .srv m of State, as evidence of the exis- ], tence @ of such Corporation and their ac- ceutance of the privileges granted by the General Act of Incorporation, of January 9th, 1851, and that such other nsrsons as may become subscribers of stock in said Company, and comply with the provisions contained in this < agreement and act of incorporation, and by the bylaws, rules, and regu- lations of said Company, and the law of the land respecting the same, may likewise become corporators herein. N s ?. The said corporation is estab- A lished for the purpose of constructing, N working and maintaining a Railroad, on the most eligible route, from the town of Helena, Arkansas, to the city of Little Rock in said State.
 \ S9. The capital stock of said com l pany is hereby fixed at one million two hundred and fifty thousand dollars, which may be hereafter increased to any sum not exceeding one million five hundred thousand dollars, if found ne- cessary, which shall be divided nto shares of one hundred dollars each; a payment of two per cent on each share shall be made within thirty days after the time of subscribing, and the sub- sequent payments shall be made in
 such sums and at such periods as shall
 be fixed by the Board of Directors, provided that no call shall be made for more than ten per cent at any one time, and that thirty days notice of each call shall be given Republication in one news paper at Little Rock, and one in Hell ena. And if any stock holder shall fail to pay any sum required of him by the President and Directors, or a majority of them, which may be due on account of his subscription of stock in said company, within twenty days after the time appointed, and the same shall have been advertised in the news papers herein before mentioned, the President and Directors or majority of thsm may cause the said share or shares to be sold at public auction, at such time and place as they may direct, giving twenty days notice of the time and place of said sale in manner afore- said, and after retaining the sum due with interest, and all charges of sale, pay the surplus, if any, over to said delinquent stock holder No stock holder shall be permitted to vote while in default, or during such time be con- tinued in office as a Director.
 4. The said Corporation shall go into operation, and be organized as soon as shares of stock to the amount of fifty thousand dollars shall be sub scribed.
 s 5. The business of the corpora 10 pIvoq Gq 'sueIeH Io uAoa eql u! eoWo I!eqa 4e 'peaonpuoo 9q lIgqs uo!q nine Directors, who shall be stock holder owning ten shares, and hold their office until their successors are duly elected and qualified, and have complied with the provisions of this charter, and the orders, bylaws, rules and regulations of this corporation The directors shall elect one of their body President of the company, at their first meeting after their election, who shall hold his office until his successor is duly elected and qualified. A quo- rum shall be composed of at least five Directors, and in the absence of the President, one pro tempore shall be elected in his place. At all elections by the stockholders, and all theil meetings, each share shall be entitled to one vote. After the first election, all shares of stock must be owned and possessed by the voter, six months be- fore voted on. Votes may be given person or by proxy in writing. All process and notices shall be served or the President in person or left with the Secretary at the office of the Company.
 5 6. The first board of Directors shall be chosen so soon as the said amount of fifty thousand dollars is sub scribed, and the election shall be held at Helena under the supervision oi John s. Hornor, Allen J. Polk and Walter E. Preston, who are likewise appointed Commissioners to open books ofsubscription to the capital stock oi the Company, for Phillips county, and F. P. Redmond, Samuel Martin and John A. Harwick are appointed Com missioners for Monroe county, and Lewis Garret, Samuel W. Williams and Richard Pyburn for Prairie coun-