The Opelousas courier. [volume] (Opelousas, La.) 1852-1910, 1871-07-01

sas and Great Western Railroad Comnanv."
which he 9 acquired at Sheriff sale, in the month
Company claimed and posst tsscd the same refer
ence being had to said Shcrfffs sale for particu-
lars.
Aud he, the said Charles Morgan, Esq, being
willing to convey said property beyond Berwicks
Bay and Brashear City, and west and north of it,
to the corporation hereby created for the purpose
of accomplishing those great improvements for
which the original Company was created to ben
eft the State of louisiana which conveyance
and transfer is to be made by him the said Charles
Morgan Of all of said rights and franchises west
of Berwicks Bay and Brashear City, and north
thereof, on the terms to be specified in au au-
which reference is hereby made for particulars
ARTICLE 4. The title and name Of this new
Corporation shall be 'The New Orleans, Ope- ;
lousas and Great Western Railroad Company
ct Franklin, in the State Of Louisiana, subject /
to be changed to any other place on the route
by majority of the Directors
ART. 2. The objects for which said Corpora
tions is established and the nature of the busi /
ness to be carried on by it. are hereby declared
to be for the purpose OF constructing. working j;
aud maintaining Railroad from Brashear City, /
to Washington, in the parish of St. Landry, and ;
such continuation thereof and branches, ;is the
Company may by its subsequent action deter
mine on, in as full manner us 1Thc New Or
leans. Opelousas and Great Western Railroad ;
Company" could have done under its charter;
and other streams connected with said Railroad |
The President shall he the person on whom ser
vice of citation and process shall be made at its !
do,nicil, and nil suits shall be brought against it
at it's domicil.
ART. 3. The amount of Capital Stock shall be
One Million of Dollars, divided into shares of
One Hundred Dollars each; ten per cent. OIL the !
amount Of each share shall he paid in cash at the
time of subscription, or SECURED to he paid with ,
interest from that time to tLe period when work
viii: commence on said road. Us the Board OF Di- :
rectors may provide by their BYLAWS; and the +
remainder shall be paid at the time and in the
manner to be determined ly the Boardof Direc-
tors; provided, however that not more than Ten |
Dollars per share shall be called for ut any one !
tirne and not oftcner than once III sixty days, of
which ut least thirty days notice shall be given
in one of the newspapers at New Orleans, and
also in q newspaper at the Homicit OF the Com
pany. - /
In case of the non.paym mt Of any Installment
at the time fixed, interest Mt the rate OF eight
per cent per annum shall be charged from and
after such date, and a failure to pay such In
stalmcnt, in principal and interest within thirty
days after the time fixed for the payment in
such call notice, shall invest the Board of Di-
rectors with the power and privilege of selling
the share or shares Of stock on which said III |
stallment may be due, after ten days notice in
any newspaper published at tue domicli OF the
said Company, or recovering the amount due By
suit at law.
Subscriptions for stock shall be received from
corporations or persons subsequent to this date
Until the above me0GlOD3U RulDuHt Will Dc buD-
scribed, Of which account shall be kept at the +,
office Of the Company.
ART. a. The affairs and business of said cor.
poration shall be managed and carried on by a
ers each of whom shall own in his individual
name at least twenty-five shares Of the capital
day Of JanaaFy. ls12 ~ Directors r shs!l 1s
o in eaei, and every year, Of which elections two
weeks previous notice shall be given in q news
paper published at the dotnScil of the company;
provided, that should any event prevent the
the time being, may adjou rn the same over to
some subsequent Monday, within three months,
giving the same notice Of the electiop to take
place; and each share of stock shall 10 entitled
ppo1y 1D 1 at ' such - election, Wherein plurality
OF votes shall Jesufieient TO elect. -
Said Board shall ut their first meeting choose
one o. their number as President; they shall ap-
oficers, agents and employees rs they may deem
necessary for tho business Of the Company, and
ahali also make and adopt, as well alter and
amend, such bylaws, rules and regulations 90
they may deem requisite for the proper manage |
msit and regulation Of the affairs Of the corpo-
A quorum shall consist Of four Directors, and
in the case Of the absence Of the President, said
Board shall be filled by election by the remaih-
~ 4. L. Tucker, Frederick Gates, .: caarey. T.
Baker and p Il. Bethel, Esquires, are Q list from
which ave who may accept the trust. without |
reference to their owing stock now. shall, with
Henry Boyce as President theresi, navs n;.sa Seen
of said Company, and shall hold and continue in
oisico until tho irst Monday Of January, 1872, or
until their successors are duly elected.
! ARr. 5. The liquidation Of the aiiairs Of sa.d
preparation Of the Charter or otherwise shall be
conducted and managed by three commissioners |
who slall be appointed by vote Of three-fourths
of the Stockholders at . general meeting con-
vened for that purpose, after sixty days previous
sat New Orleans and one at the donfcn Of the |
COMPANY. which meeting shall fx the cempensa-
tion of sseh commissioners. who shall be solvent
persons, and define their duties aud pefaod OF
& Anr-'S Il 10 agreed that this corporation may
exercises MI the rghts aud powers given hy the I
general laws to Railroads, with regard ~ the ex.
proprieslon Of property, feeeiying lands and
other property TO PROMOTE their object; also the
pewers Of giving mortgagas fur money nanedf |
On, 10 nav fs,r irous asil other matSrials as we'll
10 labos; TO make By laws not In opposition to
ytisis Charter or tho laws. sssp
81 Thns done and passed As my Foaaca. as New
OEaeaus, the day, month And year nrshs eslore
fyrina and Ixoui. Dutour both Of this city, com
rseent witnesses. wlD have sigEed these presents
with The sssd srpcarers and me Notary after duc
reading thereof N's |
NJ Tho riginal u sigusd !; s. s..
.1aenrv Boyee. 1t Rapfilss, for self and others
Albert Vuorhies, Of NeW Orleans, G. II. Moa-
tass. N Naw f1rseai,Y Joa orasrl, of New Or
ieans. M. Al. Moaton, of Naw Orleans; 1. d.
Geueres, of New Orssanss Z q. Starkx Of New
orseans. G. n Fnsslier, Of Parish Of st. Mary,
y. "A. Taylor, of Parish Of St. Landry.
EDGAR GnaMA,)