The constitutional union., 1861-01-18
A N A CT
' v THE GESARC AND DkRDANELLE IsATL4-EEOAD COMPANY.
To INC0nFOEATE

SECTION l. Be # caact.d b2 f5e Ceaero7 AssaHty of Hl@ Stafo of Alkoasas. That John Il. QuaeaboIrv. John C Morrill, J. l.. Gatewood. John Jackson. Wm. B. Crocker. Juo. $. Pearson, Juo. <. Williams. Russ Evans, Sim. Horne, \. c. Edwards, <. J. Thomas, B. (. Gotton. jno C. DaYie. 2. Harshaw, j. N. Ncnabie, B. W Harper. An dersou Gordon. c. ". Lemovno and J. I. Stlrman shall compose said corporation with such other persons corporations States. Counties and Cities as may subscribe to stock in said Company. and comply with the pro visions contained iii llis Act. and. also. with the bylaws, rules and regulations of said Company, and the general LaW Of tie land respecting the same.
 SEc. 7. That the said corporation is es- tabHshcl for the purpose of coasuuctin9. working and maintaining Railroad from les Arc, to intelsoct with the Little Rock and Fort Smith Railroad, at the most prac- ticable point, at or near DarlaucIIc, in this State
 SEC. 3. The corporation hereby created by its corporate uame and ssyIe aforesaid, shall have succession for n;nety-niue years. and be empowered and entitled to sue and be sued. plead and be imploaded, grant and take by grant, contract or release, purchase and hold land and cha5les, and have a com mon seal with power If alteration. and all other such ordinary and necessary powers, liberties, franchises, privileges and incidents of bodies, corporate and political, as under this Act, and the general Law of the land it may legally take, obtain, hold, possess and enjoy.
 SEC. | The capital stock Of this com pany is fixed at @LI50.O00. Gone million seven hundred and fifty thousand dollars divided into seventy thousand shares of twen- ty-fye dollars each; a payment of five per cent, on each share shall be made when the sum of one hundred thousand dollars shall have been subscribed. The subsequent pay ments shall be made ia sums. and at such periods as shall be fixed 5y the Board of Ii- rectors; provided that the call shall not be made for more than ten per cent. at any one time and that sixty days notice of each call shall be given by publication in one newspa- per published in Des Are, and one in Darda- nelle, and one in Fort Smith, and in case no paper is published at either one, or any of the above named places, then publication to be made in any paper published in any oGthe counties through which said read shall pass ; and, also, in some paper published ia the city of Little Rock; and not more than three calls shall be made in any one year.
 SIC. ,. The State of Arkansas and the several counties on the line of this road or elsewhere in this State, may become stock holders in said company, by subscribing for stocrtherein; and in case any or either of them do so, they shall be represented in the directory in the manner hereinafter provided.
 SEC. 6. The said corporation shall go in- to operation and be organized as soon as shar- es of stock to the amount of S100,000 (one hundred thousand dollars) shall have been subscribed.
 SEc. '. Tbe business of the corporation shall be conducted at its domicil in the city of Dcs Are, in Prairie county, in this State, by a board composed of nineteen directors. who shall be stockholders. \ quorum shall consist of at least seven directors At all elections by the stockholders, and at all their meetings each share shall be entitled to one vote, with the exception as to the election for directors of the State as hereinafter men, tionod. Voters may vote in person CT by proxy. Counties becoming stockholders shall vote by such person or officer as shall be de- signated by the County Court, by order upon its record. The State shall vote by such per son or officer as shall be designated by the Governor or by law, if any law on the subject be enacted. Other votes may be given in person or by proxy; but no person shall vote more than fifteen hundred votes by proxy ; and after the first year all shares of stock must be owned or possessed by the voter in his own right, or by his principal three months before they are voted on. The Pres ldent of the Company is the officer designated as the one on whom legal service of all pro- cess or citations, writs or notices against or to the company may be made, and the com- pany agrees to be bound by such service. whether made on the President in person, or left, in writing, to his address at the office of the company. in hands of aig of its officers.
 SEC. g. The inst board of directors shall De chosen as soon as the first Hsts of subscrib.