The Opelousas journal. [volume] (Opelousas, La.) 1868-1878, 1871-05-27
No. 5S.
. AN ACT

To incorporate the Roncal Water Power
Manufacturing Company in the parish of
Tangipahoa. -......
SECTION l. Be it enacted by the Senate
and House of Representatives of the State
of Louisiana in general assembly convened,
That Charles Gayarre, Amos Kent F. P.
Duconge, R, l.. Adams, W. A. Gordon,
Otto L. Karstendick, L. F. Generes, J. B.
Cotton and Gabriel de Feriet, and all other
persons who may be associated with them
and their, successors, are hereby created
and formed into body corporate and poll
tic in deed and law, by the name, style and
title of the "Roncal Water Power Manufac-
turing Company, for the purpose of estab-
fishing factories, building town, and de-
veloping the water power existing in Tan
gipahoa river and in Terry's creek, in the
parish of 1angipahoa, near or Oh the line
Of the New Orleans, Jackson and Great
Northern Railroad Company, between the
Mississippi and Louisiana State line and
Tangipahoa station, on said railroad, and
by that name said corporation shall have
perpetual succession, unless sooner dis
solved by its own act, and shall be able to
sue and be sued, plead and be impleaded,
defend and be defended, in all courts of the
State OF Louisiana. Service of process from
any said courts against said company must
be made upon the president secretary or
treasurer thereof Said company shall have
a common seal, and is hereby invested with
all the powers, rights, privileges and immu.
mites incidental and essential to like cor
porations under the laws of the State of
Louisiana. The capital stock of said COM
pany shall be one hundred thousand dol
lars, represented in shares of one hundred
dollars each, by real or personal property,
after its being accepted as such by the d.
rectors, and said stock may be gradually
increased by vote of the directors to two
millions of dollars, in shares of one hun
dred dollars each, lis aforesaid, and shall be
transferable in such manner as may be pro.
vided for in the bylaws of the corporation
Each share shall entitle the owner thereof
to one vote, either in person or by proxy,
for directors of said company; provided, he
shall have owned the same for three months
next preceding the day of election, with the
exception of the first election, to take place
after the formation of this company and
that the ownership of at least five shares
shall be required to render stakeholder
eligible to become director of said COM
pany.
The number of directors shall be nine, of
whom five shall constitute a quorum for the
transaction of business; but this number
may be carried TO twelve by vote of the
stockholders, and in that case seven shall
constitute quorum. The persons named
in this section, or any other person OF per-
sons substituted to them, whatever may be
the amount subscribed by said person or
persons, shall constitute the first board of
directors to organize said company, and
shall continue ip Office, with such powers.
as are hereinafter given to the directors Of
this company. until they, or their success
ors, are elected By the stockholders, which
election shall take place d week after one
hundred thousand dollars shall have been
subscribed. at the domicile Of said corpo-
ration established in New Orleans, or in
any other place which the directors may
select, All subsequent elections shall be