Des Arc citizen., 1866-06-09

ei A9tNp1N 8HB LshH4ilhV" e't A HE. f ow havo44 gem aa bar ,yiisN 9 ~ TTI5i f1T- j.D .r8 seW aeiaosl1rg aid iog ;ed Hadi no .ei ei BoiseqioisG Gq inass7q sih bnr ,heso
 
 3 represented, when itlito required d9thatsmore } than one-half of the stook shall begeprosented [ and such is not the case, the meeting shall be } adjourned for one week, and at'such adjotrped meeting'the majority of tke stock present tfepI !, Iresented, shall bind the Company in theissime l manner as if a. maiorit1of the wiIole stock
 were P2 P5essat qnh and p rgPrssfHtssdi M s sa s a JYdorporation shall have power to do anything -t tnecessafy for' the construction, trepair ahd sl maintepanceisofl the Rai1roadli hefeinbefcre :, x meehtioned, with as many traeks as they may , deem necessary; to fix and determiAe,the Fine ! of the Road, andthe depots Shat may be neces- -aEIsury; to make and construct, or to procure to rfbe made and Constructed, sahy ersctions Alasi aE ever, for the perfect and complete working of !, said road; to construct all bridges oyer nay i4 !, gable and other rfvefs'o streams and sloughs 1; : to decide whether the crossing thereof Shan De [ thy bridges or steam ferry; io prsscribeh the I width and len gti of said bridges, and the size of the proper draws for the passage of vessels, when over navigabe streams ;' to, contract ] specially fof work, labor or materials, to be : furnished to the Company, and agf ee w1ether sl the whole or any partIthereof slalLbepayable
 in capital stocks of, iae Company ito hire and I purchase hands and laborers; to- appoint a I seeretary, treasirer superintendent, .engin--
 eers, solicitor, and other officers Or servants
 lnecessary orpropcr for heifaithful perforimmil T anee of any duty hecessary tostliel constracl
 ' tion and md maintepanco of saI railroad; tpirb- sb Gelye rom the State or General Government \ 2 grant of lands, Or become Che agent of, either \ to dispose of Mnds granted and with the same, or theain of e,same, or the iaitf ofthe same, to procure, the r8ahta bc built; l; make all contracts necessary ethereto,l and9all com
 tracts for the furnishing of iron or other nec- essary eqaipifent, or supplies of the road Ion sF such terms and creditas they hay tlink prop
 er,inclpding all locohrutis enginesy CUTS, l vehicles, teams, and otllsnaqdipmentsgde by them necessary for the purposes of the T Company to borrow money for epd on, acs count ofsaid road, in any sums not to exceed sb fifty tbousandd dolarsg ufless autlfSfizeH by u k vote of two7thirds ofthcStockliolters, excla- siye of the State, to excesd thats atms pndato mortgage said road and;its, appllrtepanees,s to l secure the same; to mortgage said road, or ii iihypohecate7its receipts, 10 pay pepsso5ns who take the contracts forbuildng the same, .wh dn
 said road or. any part tbsfepf is fnisheds t9fx the rate of tolls for passengers, and merchana I dise to fix a telegraph Ine,og wire along said ,l soad and 4'egulate the fees for messages Aent
 to make all bytlawsi rules aSnd reghlati oins9 is9 eemedneceesary orcolipehieat for fhe pfdper I safe and regular transaetion ofthetbusinegso off the Comp rules, byilawsiand regula- I lions being subject to repeal, change F, amend
 ment oriimoditication, by5 the Stockholders at i their regular meetings or by said President
 and Dirertors itrthe intervals,to acccpttlona-
 tions in land, money. or sue ai1iaterials, or lss 1F'bor,'as may be useful Etpthe company to ac- Icept.rclinquishments of the night of way, or l purchase releases of the same, and to that end
 to submit questions of e6fnlpefsatior to the I proper tribunal, or to arbitration, of to Settle I the same themselves byway of compromise, or I delegate the power to do so; to declare semi
 ,annually the, dividends arising from the work
 ing of tlie road, or any section or sections of it, after payment of all snecessary expeiises, I which dividend shall lbeideclaaed and payable
 within the last fifteen nldaysJef the iidnths of l May and November lp each year,;. Theyrshall
 make report in fun detail to the stockhold-
 CTS upon the first Mondays in Jufe ana Decennr- Der of each year, of the working or the lrb3d,
 and the expenses and profits; Jas also in detail,
 a stat ement of all contracts duringthe process
 of the constructing ofsaid road and it's bridges. ;. ! with an account of the progress made they
 shall cause tobe kept a fegltlsir set of books, 4 in which shall be1entered in the regtl.ir order
 of their several datess alb business oriiotlier
 transaction ofthe company, which books shall always De open to the inspection of any stpck1 hoider' attheIefilce oftae company during the i business hours of the day Jtkey Shall ksep n
 estock book and certiRcatcsiof stock shall be I issued to the stockholders, andluodransfer of Pstock shall be binding on the company until
 gmaaeion its stock books; and they, shall call
 meeting of the stockolde IS m oil the h4 written
 requisition of stockholders fepresenfifg 2 one
 ffth9of the stock of the companyg6rd ori the { fequisition of the proper authorjtysrepresen
 ing the State, if she becomes nstoelshoder.7ss IS. Any vacancy ip the, Board; of Direc7, I tory occurring; during tley year, may Be filed by vote of such3ofst the directors as hoia their offices by election. 55i'IIs glinisss91gs 9a 1anSgl9. TAe. tllimitationllas to the amount ] which theBoard of Directors may borrow, does
 hot apply to contracts upon credtfor the fur.
 nishing of iron, 'ediipme1its, otli Ter necessary
 supplies, or labor, or to acontract for the con I ,strnetion of the whole, road, or a section ] thereof 4 s;,@ ..g4 a,. o.,fteftaaa 2 fe, 2Q. Astatcd annual meeting of thestock- I holders shall be held on the last Monday in ! December, 1n each year, to receive tbe report
 ofthe,last years operations and business, and l for examination into Xthe condition of the | Company's affairs before which, meeting the
 Annual Statement shall be laid.iia9ls illf 4H EinS2h No transfer s of stock shall exempt thel l transferer, from the obligation of paying the,
 installmentss afterwards called for, until the whole fftyper cent. on each'o his shares shall
 have been paid 9dj io oAogdi8s lisdi qisi q 11 gS'2A If any subscrper, shall be etaxed byo
 virtue of any law, or ordinggcsr fqli thsR Rayri
 have the right ofredacing the. lumber of bis
 shares, by any amount equaito tIialt ofthetaxa i! imposed ;s but this night Imust be- exercised
 within thirty days, from, the time of payment
 Of such tax after which wa tiRs is shall nat be 7 a. so46 The board of efdirectors, ,sball 4ays the . power of making such alfahg gements as they
 may deem proper ... $. ori.as connection or
 j.gn with the Little Rock anu fdis smitR 4 Railroad, or any other road that beahereafter | hffilf n1 nnnnnsnd tn ha hlili., and. also. for