The Ouachita telegraph. [volume] (Monroe, La.) 1865-1889, 1871-10-14

| National Government, provided that the &C.
ceptance of such donations shall not give
! any right privilege to the donor in the
management of the Company.
/ SECTION 20.
The President and Board of Directors in
accepting donations of land, shall do so with
complete when the Trenton, Homer and
Fulton Railroad is finished to given point
to be named in the act of donation, except
in cases where the donor expressly makes
the same unconditional. All donations in
money shall be placed in the treasury OF the
Company as part of their active assets.
SECTION 2l.
The Secretary of the Company shall keep
scribe all acts Of donations, and titles of real
estate made to the Company.
SECTION -.
The Board of Directors shall be entitled
to the necessary e penses i'll attending meet
ings of the Board.
The Board of Directors are also empower
ed to receive stock subscription in unencum-
bered lands within ten miles of the road at
their present cash value, to be determined
by the Board of Directors and the party sub
scribing, and also in labor and material ne
cessary for constructing the road.
SECTION n.
The title of all lands taken in stock sub
ken in the corporate name of the Company
by the President thereof, or an agent duly
authorized thereto by the Boaftt OF DIRECTORS
SECTION %.
Thirty days prior to the annual election
ofthe Board of Directors, they shall publish
Mt the donaicile of the Company and In the
Claiborne Advocate and Little Rock Ga
zette full and complies PIE, statement OF the
SECTION %.
The Board of Directors shall require from
the Treasurer, bond with ample security to
such amount rs shall secure all funds
= 1,,f into
SECTION 81.
The Board of Directors shall commence
the work of construction so soon as the
sun, of three hundred Thousand dollars in
necessary steps immediately to have a sur
vey of the route made, with estimates OF
the probable cost of construction, in such a
ments, trestIe-work and bridging may be
let out on its completion.
SECTION %.
Any stock -holder shall have the right at
any time Of surrendering the amount Of his
$3.50 thirty-three and one-third per cent.
thereof into the treasury of the Company:
SECTION %.
Any or all of tho Directors shall be subject
to removal by Il two-thirCls vote OF all the
stockholders, at meeting called for that
purpose, after twenty days advertisement
Claiborne Advocate and Little Rock Ga
zette, by twenty-five per cent OF the stock
holders.
In full proof of which have caused said
appearers to sign this act in presence of the
attcsting witnesses with mo, said notary,
OH this the 10th day of September, a. ID.
1871, ut Colquitt, Louisiana.
John Young, D. w. Harris,
j. w. Clements, II. w. kirkpatrick,
Allen G. Hill, Leon Kern,
A. Bishop, J. ID. Medley,
J. ID. Pennington, II. G. Mitchell,
James W.Wilson, J. T. Tignor,
John b. Burton, A. w. Palmer,
J. p. Taylor, Thomas Price,
Willis NJ farrell, !. l.. Meadors,
l.. Il. Hayes, Il. S. Pipes,
John NJ. NIcCamp, Asa Duty,
II. Il. Dawson, J. J. Duke,
Henry d. Philips, NJ. G. Stamper,
H. w. Patton.
J. II. FLOURNOY,
| Chairman T., II. Il X. II. Convention.
| n. BARTLETT, Sec'y,
| BEN. X. COLEMAN, Asst Sec'N.
Attest
| BIG. GREER,
! JNO. NJ. TAYLOR,
JNO. II. RAMSEY,
| st Recorder and Notary Public