The Ouachita telegraph. [volume] (Monroe, La.) 1865-1889, 1871-10-28

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ceptance of such donations shall not give
any right or Pt tSa to the donor in the
SECTION 20.
. The President and Board of Directors i'll
accepting donations of land, shall do SO with
the expressed condition that the donation is
complete whom tho Trenton, Homer and
to be named in the act of Donation except
in cases where the donor expressly makes
tho same unconditional. Ali donations in
money shall be placed i'll the treasury of the
Company ~ part of their active assets.
SECTION p.
The Secretary of the Company shall keep
we'll bound book in which he shall tran;
scribe all acts Of donations, and titles OF real
estate made to the Company.
SECTION -.
The Board of Directors shall be g.. entitled !as.
to tho necessary expenses in attending meet
ngs of tho Board.
SECTION -.
The Board Of Directors are also empower
ed to receive stock subscription in unencum-
bored lands within ten miles of the road At
their present cash value, to bo determined
by the Board Of Directors and the party sub
scribing, and also In labor and material ne
cessary for construetiBv the roads
SECTION p.
The title OF all lands taken in stock sub
scription or otherwise acquired shall be ta-
ken in the corporate name of the Company
by the President thereof. or an agent duly
authorized thereto by the Board of Directors
SECTION %.
Thirty days prior TO the annual election
OF the board Of Directors, they shall publish
at the domicile of the Company and in tho
zette n full and complete abatement of tho
financial condition of the Company.
SECTION ~.
The Board of Directors shall require from
such All amount shall secure all funds
that may come into his hands.
SECTION %.
The Board of Directors shall commence
the work of construction 80 soon as the
cash subscription is obtained, and shall take
necessary steps Immediately to have n sur
xey Of the route made, with estimates IL, ate OF
ments, trestle-work and bridging may be
let ont ON it's completion.
SECTION Is.
Any stock-hOlder shall have the right at
any time Of guaranteeing the amount of his
stock subscription upon the payment Of
GssA2 th i and one. tn. per cent.
thereof into the treasury of the Company.
SECTION %.
Any or all ofthe Directors shall be subject
to removal by two-thirtls vote OF all the
stockholders, at a meeting called for that
at the domicile of the Company and in the
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
attesting witnesses with me, said notary,
on this the 18th day of September, \. II.
1871, at Colquitt, Louisiana.
John Young, DIV. Harris,
]. w. Clements. II. w. Kirkpatrick,
Allen G. Hill, Leon Kern,
A. Bishop, J. D. Medley,
J. d. Pennington. II. c. Mitchell.
James W.Wilson. J.T. Tignor,
John Is. Burton. \. w. Palmer.
J. p. Taylor, Thomas Price,
Willis NJ. FARRELL. J. E. Meadors.
l.. +. Hayes, l.. 8. Pipes,
John NJ. McCamp, Asa Duty,
II. T. Dawson, J. j. Duke,
Henry y. Philips, NJ. G. Stanper,
II. w. Patton.
]. H. FLOURNOY,
Chairman T., II. & II. r. Convention.
n. BARTLETT, Sec'y,.
BEN. II. COLEMAN, Asst Sec'y.
Attest:
n. G. GREER,
JNO. NJ. TAYLOR,
JNO. II. RAMSEY,
1T Recorder and Notary Public.