The Ouachita telegraph. [volume] (Monroe, La.) 1865-1889, 1871-11-25

NATIONAL 0ioYernrhent, prOv1CtcQ that IND 40
eeptanee .ofssuch donations shall not giyt
any right or. privilege to tho donor in ths
mnnaEement Of the Company.
SECTION %.
The President and Board of Dircctorssi II
| accepting donations of land, shall do SO VIII
tho expressed condition that the donation !.
complete when tho Trenton, Homer and
Fulton Railroad is finished to given point
to he named ilfthc act of donation, except
in cases where the donor expressly makes
the same unconditional. All donations in
money shall DO placed in the treasury of the
Company part of their active assets.
. SECTION p.
s Tho Secretary of the Company shall keep
we'll bound book in which he shall tram
scribe all acts of donations, and titles of irsal
estate made TO the Company. -
SECTION %. -i.-'
The Board of Directors shall be entitled
to tho necessary NpenScS in at tcndinE meet
ings of the Board.
SECTION 23.
Tho Board of Directors arc also empower
cd to receive stock subscription in unencuin-
their present cash value, to DO determined
by the Board of Directors and tho party sub
scribing, and also in labor and material ne
ccssary for constructing the road.
SECTION a4.
The tito of all lands taken in stock sub
scription or otherwise acquired shall DO Ia
ken in the corporate name of thcsCompaliy
by the President thereof, or an agent duly
SECTION 25.
Thirty DAYS prior TO the annual election
of tho Board of Directors, they shall publish
at the domicile of tho Company and in tho
Claiborne Advocate and Little Rock Gas
zcttc II full and complete statement of the
financial condition of tho Company.
SECTION 20.
The Board of Directors shall require from
the Treasurer, bond with ample security to
such an amount as shall secure all funds
that NAV come into his hands.
SECTION 27.
The Board of Directors shall commence
the work of construction soon us tho
sun, of three hundred thousand dollars in
necessary steps immediately to have n SUR
Ney of the route made, with estimates of
manner that contracts for grading, ombahk-
mentS, trestlc-work and bridging may DO
let out on its completion.
SECTION Is.
Any stakeholder shall have the right mt
any time of surrcndering tho amount of his
stock subscription upon the payment of
(3S}5) thirty-thrce and one-third pcr cent.
thereof into the treasury of tho Company.
SECTION -. T.
Any or all of the Directors shall be subject
to removal by Il two-thir,ls vote OF all the
at Il meeting called for that
pusposc, after twenty days ADVERTISEMENT
Claiborne Advocate and Little Rock Ga
Zettc, by Twenty-Five per cent. of tho stock-
holders. I
In full proof OF which have caused said
appearers to sign this act in presence OF tho
witnesses with mo, said notary,
on this tho 10th day of Scrtctibcr, A. II. 1
1871, ut Colquitt, Louisiana.
John Young, ID. w. Harris,
j. w. Clements, II. w. kirkpatrick,
Allcn G. Hill, Leon Kern, !
y. Bishop, J. d. Neolcy,
j. ID. Pennington, II. G. Mitchell,
James W.Wiison, J.T. Tignor,
John Is. Burton, A. w. Palmer,
!. L. Taylor, Thomas Price,
Willis NJ. Jarrcll j. l.. Ncadors,
Il. Il. Hayes, Il. =. Pipes,
John NJ. NlcCamp, Asa Duty,
II. T. Dawson, J. j. Duke.
Horny ID. Philips, M. G. Sttmpcr,
II. w. Patton.
J. III. FLOuHNOY,
Chairman T., IL. Il X. X. Convention.
N. BARTLEI"r, Scc'y,
BEN. X. COLEMA:S, Asst Scc'y.
Attest
B. G.. GREER,
jNt. NJ. TAYLOR.
JNO. II. RAMSEY, .|.
ut Recorder and Notary Public.