Rapides gazette. (Alexandria, La.) 1869-187?, 1873-08-16

determine. Said company shall do no act
under the provisions of this charter until
fifty thousand dollars of the said capital
stock shall have been subscribed for. At
least ten days notice shall be given by the
board of directors by advertisement in two
newspapers published in the city of New
Orleans of the time and place of payment
of installments upon the capital stock OF
said company, as well as of the amount oil
such installments, AMI any subscribers
to the capital stock CT said company who
shall fiji or refuse 60 pay such instaiimcnts
thereon, after the expiration Of said term
of ten DAYS. shall forfeit unto the company
all stock which he or they may have or
own. together with all instaliments paid
thereon. and such stock shall, be reissued
and sold by the company for its own bene-
fit. as we'll as all stock of the company,
upon such terms as the board of directors
may deem for the best interest of the COM
pany. Each share Of stock shall ertitle
the owner thereof TO one vote on all ques-
tions and cases, or elections; either in per-
son or by proxy.
ART. V. The affairs of said company
shall be under the direction and manage
ment of board of directors, to be compos-
ed of five stockholders, each of whom shall
own at least fifty shares of the capital
stock of said company in his own name,
and they shall be elected at such time and
place as shall be r5ufed in the bylaws to
be adopted by said company. majority
Ct the whole stock of said company shah
be necessary to elect, and public notice
shall be given of the time and place of said
election by advertisement during ten days,
in two newspapers published in New Or
leans. Said board of directors shall trans
act the business of said company, and hold
regular meetings at such time as they shall
fix upon. A majority of said board shall
constitute = quorum for the transaction OF
any business, End shall have full power to
make and establish, as well as alter, amend
or repeal such bylaws; rules and reguls-
tions as may be deemed necessary for the
regulation and management of the business
and affairs Of said company. Said board OF
directors shall also have power to buy and
sell, lease and hire, and mortgage or pledge
all such real or personal property as they
may deem necessary for the uses and pur-
poses of said company, and moreover Dor
row money by All issue of the bonds of the
company or otherwise to an amount not
exceeding the capital stock of said compa-
ny. They shall have authority to carly
into execution all the objects and purposes
Of this corporation nominate and APPOINT
all officers, agents or employees fix then
salaries and dismiss them at pleasure, and
shall have and exercise such other and
further powers as may be conferred upon
them ut any regular or special meeting OF
the stockholders, At their first meeting
they shall elect one of their first number as
president of this corporation, who shall
preside at all meetings of said board of di-
rectors. Any vacancies occurring in theii
number by death, resignation or other
wise,, shall be filled by election by the
board FIR the period Intervening between
the occurrence of such, vacancy and the
next general election. The first board o.
directors, to serve until their successors
shall be duly elected under the provision!
of this Chatter, shall consist OF the follow
ifig named persons, in whom and their sue
| cessors all corporate powers OF the corpora
ton shall be vested, viz: Charles L. How
ard, John Lockwood, Joseph X. West ant
Henry V. Barringer.
ART. vi. If at OF before the expiration
| of the term Of TWENTY-FIVE years herein nix
ed for the duration Of said company, six o.
iAore of the s.5JkK6ldefs; Kidding MAORI
| ty i'm amount of the capital stock OF thu
Corporation, shall desire to renew the char
| ter of this corporation for n further time
and any stakeholder should be unwilin:
| to renew the same shall be bound to trans
| fer the shares of stock held by them I.
those desiring ferie%al. Or Extension o
this charter, at the marke. va.ne of tn
sal, , - or IL the said stock should no
have a known market value at that period
the value thereof shall be fixed by two ap
praisers. one to be chosen by the stock
| holders desiring to renew the charter
| this COMPANY, and the other to be chosel
by the stockholders who may be unwilling
| to renew the same; and in the event OF
disagreement between the two appraiser
SO chosen, theu said appraisets shall choos
/ an umpirh. whose decision shall be final
| Should this charter not be renewed a
above provided for, then on the fourtl
Monday before the expiration of the tern
| of twenty-five years; or if sooner determin
ed upon, a general meeting of the stock
holders of this company sha'l be convene'
after thirty days notice having been give
in two newspapers published in New Vi
leans, at which meeting three stockholders
owning each at least fifty shares of stoc
in said company. shall be elected by ma
| jority of the stockholders present or repre-
scented, whose duty it shall be and they ar
hereby specially authorized aud empower
ed to enter into and take possession OF al
the property and effects of said company
and to liquidate and fully settle the attain
of said corporation in the manner presctft
ed by the existing laws of this State;
Thus done and passed in my office, a
New Crteahs SfUresfid; in the presence {
Paul A. Conand and George Cenas, witne:
SEES, both of this city, who hereuuto sig
their names with the parties and me, th
said notary, the day and date aforesaid;
(Oricinal signed.) Share
Charles r. Howard so
John LOCKWOOD. ...-..-.----.------50
j. n. WeSJ---- -oV
IL. u. McOan. ----HO
H.V. Barrauger- .:...--...------- $50
| ANDREW HERO, JR.,
Notary Public.
| p. A. CoNAND,
/ GEORGE CENAs.
/ /, the undersigned, recorder of mortgage
IN and for this parish and city OF New o.