The Ouachita telegraph. [volume] (Monroe, La.) 1865-1889, 1871-10-07

NNIlOn8k government, pTOS1Ocu tnaL the &C.
ceptance Of such donations shall not giv'
any right or privilege to the donor in the
SECTION 20.
The President and Board of Directors in
the expressed condition that the donation is
! complete when the Trenton, Homer and
Fulton Railroad is finished to a given point
| to be named in the act of donation, except
| in cases where the donor expressly makes
the same unconditional. Ali donations in
Company as n part OF their active assets.
SECTION 81.
The Secretary of the Company shall keep
| we'll bound book in which he shall tram
! 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 expenses In attending meet
inSs of the Board.
SECTION 23
The Board of Directors are also empower
ed to receive stock subscription in %nencnm.
their present cash value, to be determined
by the Board Of Directors and tho party sub
hs soaa
SECTION 24.
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 p.
Thirty days prior to the annual election
of the Board of Directors, they shall publish
At the domiciie of the Company and in the
zette full and complete statement of the
financial condition of tho Company.
SECTION 70. ....-
The Board of Directors shall require from
the Treasurer, bond with ample security to
such amount rs shall secure all funds
that may come into his hands,
SECTION q.
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
the probable cost of construction, in such a
manner that contracts for grading, embank-
ments, trestle-work and bridging may be
let out on its completion.
SECTION %.
Any stock holder shall have the right at
any time of surrendering tho amount of his
stock subscription upon tho payment Of
thereof into the treasury of the Company.
SECTION %.
Any or all Of the Directors shall he subject
to removal by two-thirds vote OF all the
purpose after twenty days advertisemen lent
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 tho 10th day of September, a. b.
1871, at 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. +. Taylor, Thomas Price,
Willis NJ. FARRELL. J. +. Meadors,
+. F. Hayes, f. 8. Pipes,
John M. McCamp, Asa Duty.
II. II. Dawson, J. J. Duke,
Henry d. Philips, NJ. G. Stamper,
H. w. Patton.
J. H. FLOURNOY,
Chairman T., H. 4 r. II. Convention.
N. BARTLETT, Sec'y,
BEN. X. COLEMAN, Asst Sec'y.
Attest:
B.. q. GREER,
JNO. NJ. TAYLOR,
JNO. II. RAMSEY,
st Recorder and Notary Public.