The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1874-02-21
Laws of the State Of Louisiana
PUBLISHED BY AUTHORITY
SESSION OF 1873.
aiS< .,. 81. No. Ill,

= .--sa''< e. f. No. Ill.
An Act ' .'l@
To incorporate the Louisiana Central
Railway Company.
OECTION 1. Be it enacted by |
u the Senate and House of Rep |
resehtatives Of the State of Louisi-
ana in General Assembly con
vened, That Fber b. Ward. Thomas
A. Scott, Oakes Ames, Arthur Ed
wards. He. Potter, r. j. Rowman,
i. w. Kellogg, and such other per-
SONS as may hereafter be. associated
with them and their successors, are
hereby constituted body corporate
under. the name of the Louisiana
Central Railway Company, and by
that name. shall have perpetual sue
ccs>ion, may sue and be sued, hold
real and personal property may make
contracts, may receive grants OF lands
or personal property, and shall pos
sess all the powers and privileges. per-
| tanning to corporate bodies, and such
powers and privileges as are in this
act conferred upon said company,and
shall possess the rightto exercise and
enjoy all powers and privileges which
| corporations are or may be by any
| gellerai law of this state authorized
to possess; and said company shall
possess the power to exercise its cor
1 porate powers within the state Of
Louisiana, and also within any other
state in the United States that shall
authorize the exercise OF said corpo-
| rate powers within its limits.
Sec. =. Be it further enacted,
etc, That the business and corpo-
rate powers of said company shall
conducted and exercised by board
of not less than five directors, and
such officers and agents as such board
shall appoint, or authorize to be APP
/ pointed, and empower or authorize to
be empowered to conduct any part Of
said business, or exercise any of said
powers in accordance with its. by
laws. The officers, agents and ser
wants cs he said company, within
1 the Stateof Louisiana, sLall be eX-
empt from jury duty and from mill
tary duty, except in case of Invasion
or insurrection. No person shall be
a director who is not the actual own
/ or of at leest one hundred shares OF
the capital stock of said company
The directors may be elected annu
ally by the Stockholders, personally
or by proxy, at such fine, and place
as shall be designated by the bylaws
of the company. and the directors
. shall continue in office until Others
are elected or appointed tofill Their
places. The directors shall elect one
Of their number president of said
said company, and shall have power
te makeand prescribe such bylaws
of the company, and the directors
3 shall continue in Office until Others
are elected or, appointed to fill their
places, and shall have power to til
Vacancies in their number caused by
death resignation or otherwise. The
persons herein named ais corpOrhtors
: Shall shall be the directors for the
first year and until others are elected
or appointed to fill their places, The
:. directors shall elect one OF their mum
ber'president of said company, and
shall have power to make and pre-
/ scribeisuch bylaws, rules and regu
lations, and from time to time alter
famed. or eevoke the same as they
! shall see fit, touching the govern
y ment Of said company, the transfer
of it's stock, the election Of it's officer
r the management and disposition O
Ii its business, property and effects, thu
power and conduct OF its officers ant
lagents, and all other matters whicl
shall in any other way pertain to thu
concern of said company. All elec
tons for directors shall be by ballot
and every stakeholder shall be EN-
titled to vote, in person or by proxy
for each saare of stock owned by him
. A majority of the directors shall con
l. stitute quorum for the transaction
: of business, and the number OF sal'
e directors may be increased or dimin
ished by majority vote Ofthe stock
holders in interest at any annua
! meeting, provided that the numbe
shall not be less than five nor NOR
than seventeen; and any meeting G
Stockholders or directors OF said com
panX may be held, and the bushes
1of such meetings Transacted, within
, or without the state, as said STOCK
holders or directors may from time t
time elect to call such meetings;
Sec. 5. Be it further enacted
ste. That the directors of the sal
: company at their first meeting sha
determine the amount Of captts
! stick of said company, which stoc
= shall be deemed to be, personal proI
erty and transferable as sneh, an
shall be in shares OF one hundred do
, lars each, and the directors shall pre-
), vide for receiving subscription to tn
amount of capital stock as fixed al
! determined by them, and shall PR
scribe the time and manner of,pa.
n ment therefor, and thereafter II
amount of the capital stock OF sal
company may be increased from tin
, to time by a vote of the majority
interets of the stockholders, voting
" person or by proxy lat a meeting dpl
held, and not otherwise. No stocl
f holder in said company shall be Il
diyidually liable for any debt or
ability of said company, but eat
stakeholder shall be liable to the cor
v,anV for fb a haxyrnpnt Of the Shar