The Ouachita telegraph. [volume] (Monroe, La.) 1865-1889, 1871-12-16
Company, but the old Board shah continue
in office until their successors are elected.

The President OF tho Company, who shall
be atOck-holder therein, and member OF
the Board. The first President chosen un- |
der this act of Incorporation shall be elected
Immediately after the organizati0n OF the
Monday in October, A: p. 1872 and the
President shall be elected annually there |
after ON the second Monday of October.
SECTION 10.
The President of the Company shall he
removable by a majority of two-thircis OF
the Board of Directors, and in case of n va |
cancy In the office Of President TIT, from m any
q new election. The Board of Directors
dent, elect nom i among the stock-Rolders
Secretary and Treasurer, and the salary OF
the President and other officers OF the Com
tors, and they shall have the power to re-
move the Secretary and Treasurer by a ma
Sf iliSs a%y Vacancy ' occurring in tier
own body. -{
SECTION IL.
The Board of Directors shall be composed
often lO) Stockholders, majority Of whom
shall constitute aquorum forthe transaction
The Board of Directors shall hive all the
power necessary to carry ont all the objects
embraced in this act of incorporation, pro-
vided, however, that they shall mot have
the right of borrowing money and nortgag-
ing the road to an amount above two hum
dred Thousand dollars, without thesconsent
of the stock-holde1s, obtained at /" meeting
called for that purpose. sr
SECTION Is.
The duration of this corporation shall be
twenty-five years from the date of this act,
and upon the expiration OF Its chs 'a s'nl az
the stockholders at a meeting called for
that purpose.
The Board OF Directors may call other
meetings of the stockholders when eircum-
stances demand It, and shall do 50 when de-
manded by the stock holders, representing
SECTION Is.
All rules and regulations relative to de-
claring dividends, and all other rules and
bylaws necessary for their own government
dent ae eeS fS ee
subject to alteration or appeal by the stock
holders at their regular meetings.
SECTION l6.
Stock books shall be kept in the Office of
the company and certificates OF stock issued
President and countersigned by the Secreta-
nv, and no transfer of stock shall be binding
on the Company until recorded in the
shall be open at all times for the inspection
Of the stockholders.
SECTION II. Z
The President and Board of Directors shall
have power TO accept donations of the right
of way, lands, money, rights and franchises
from individuals, corporations, States or
National Government, provided that the ac-
any right or privilege to the donor in the
management ofthe Company.
SECTION Is.
The Board of Directors are also empower
bered lands at their present cash ue,to oe
determined by the Board of Directors ana
the party subscribing, and also IN LABOR ana
material necessary for constructlngth ne ROAD.
The title Of all lands taken in stock sub
scription or otherwise acquired shall be Ia
ken in the corporate name of the Company
by the President thereof. or an agent duly
authorized thereto by the Board OF Directors
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 may come into his hands.
SECTION p.
| Any stakeholder shall have the right Mt
any time of surrendering the amount OF his
13s15) thirty-tIree and one-third per cent.
thereof into the treasury of the Company.
| SECTION %.
Any or all of the Directors shall be subject
to removal by a two-thirds vote OF all the
purpose, by fifty per cent of the STOCKHOLDERS
| SECTION %.
A majority of the Company, representing
a majority of the stock subscribed, snai
| railroad. not to exceed five miles from orig
inal line or from line herein before de
scribed. a-.ai
The Board of Directors and the Company
shall have power to form and adopt suci
bylaws for their government as they ma,
All questions not herein provided for shall
be decided by parliamentary usage.
SECTION 20.
a majority Of the stock, shall have the pow
| err to sell and convey all real and persona
estate belonging to the Company, and shal
have power to consolidate said corporate
, with other corporate bodies. a.a.
> In testimony whereof tho said appearer
. iiereunto sign their names, together. wit
said Recorder and Bryce Rills and Rob't I
: Strother, lawful witnesses, at the city {
I Monroe, on this 10Th day of November, 1877
Jordan H. Flournoy, James Bond,
j VIM. H. MaXey, NJ. G. Stamper,
A. c. Hill, J. IT. Wallace
9 r. c. STRorHER,
q BRYCE RILI.S.
: CHAS. DELERY, Recorder.
!, STATE OF LOUISIANA, |
e Parish of Ouachita.J
}, hereby certify that the above and for
st going is true and correct copy of the orig
l, nal on file and of record in my Office. -
u In testimony whereof, hereunto sign II
70 name and afiix my seal of Office, on IL
2 the LIST day of December, ISL
l. CHAS. DELERH. Recorder.
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;s HOTELS.
/;
h. EVILS HOUSE, ., acorn
" on. Gttholic Church and Female Acaden,
5, MONROE, Ia. ...-. 49, ~
Mt -, -.
N NJ. J. Lewis, Proprietor.
,n4 ~
lg L ,rhis house is under the efficient mama