The Ouachita telegraph. [volume] (Monroe, La.) 1865-1889, 1871-10-21

National Government, provided that tho &C
any right or privilege TO the tle"or in tn
management of the Company.
SECTION 20.
The President and Board of Directors il
accepting donations of land, shall do so wati
tho expressed conditio Jon that the donations
complete when the Trenton, Homer ant
Fulton Railroad is finished to givon potn
to be named in the act of donation, eXcep
in cases where the donor expressly makes
the same unconditional. All donations II
money shall be placed in the treasury OF TIM
Company as n part of their active assets
SECTION p.
The Secretary of tho Company shall koer
scribe all acts ordinations, and titles OF real
estate made to the Company.
SECTION %.
The Board OF Directors shall be entitled
to the necessary expenses in attending meet
ings Of the Board.
SECTION 23.
The Board of Directors are also empower
ed to receive stock subscription i'll unencuna-
bsred lands within ten miles of the road at
their present cash value. to be deternined
by the Board of Directors and the party SUBJ
scribing, and also In labor and mat erial ne
glossary for constructing tho road.
SECTION "a.
The title OF all lands taken in stock sub
scription or otherwise acquired shall be ia
ken in the corporate name of tho Company
by the President thereof, or an agent duly
authorized thereto by the Board of Directors
SECTION %. -
Thirty days prior t6 the annual election
of the Board of Directors, they shall publish
Claiborne Advocate and Little Rock Gu
zette full and complete statement of the
financial condition ofthe Company.
SECTION 26.
The Board of Directors shall require from
the Treasurer, bond with ample security to
such an amount as shall secure all funds
that may come into his hands. 49,,
SECTION %.
The Board of Directors shall commence
the work of construction so soon as the
sum of three hundred Thousand dollars in
cash subscription is obtained, and shall take
necessary steps immediately to have sur.
vey of tho route made, with estimates OF
the probable cost of construction, in such
manner that contracts for grading, embank-
ments, trestle-work and bridging may be
let out on its completion.
SECTION u.
Any stock-holder shall have the right at
any time of surrendering the amount of his
stock subscription upon the payment OF
$3.50 thirty-three and one-third per cont.
thereof into the treasury of the Company.
SECTION %. sd,
Any orall ofthe Directors shall be subject
to removal by n two-thirds vote OF all the
at u meeting called for that
purpose, after twenty days advertisement
ut the domicile of the Company and in the
Claiborne Advocate and Little Rock Ga
Iette, ny tWeUtN per cent Oh VIC steCh- .
holders. F-t
In full proof of which have caused said
appearers to sign this act in presence of the
attesting witnesses with me, said notary,
on this the 10th day of September, A. d.
1871, ut Colquitt, Louisiana. =
John Young, ID. w. Harris, -l
J. w. Clements. II. w. kirkpatrick.
Allen G. Hill. Leon Kern,
\. Bishop, j. d. Medley,
j. u. Pennington. II. G. Mitchell,
James W.Wilson. J. Il. Tignor,
John Il. Burton. \. w. Palmer,
J. =. Taylor, Thomas Price,
Willis NJ. FARRELL. J. Il. McadorS,
l.. F.. Hayes, Il. S. Pipes.
John NJ. McCnmp. Asa Duty,
X. II. Dawson, j. j. Duke,
Henry ID. Philips, NJ. G. Stanlper,
II. W:'Patton.
J.H. FIAOURNOY,
Chairman T., II. q r. X. Convention.
n. BARTLETT, Sec'y,
BEN. X. COLEMAN, Asst ScC'E.
iHcst:
B. G. GREER,
JNO. NJ. TAYLOR,
JNO. X. RAMSEY,
II Recorder and Notary Public.