The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1874-03-21

| wants of the said company, within thu State
| of Louisiana. shall be exempt from jury duty
| and from military duty, except III case of
| invasion or insurrection. No person shall be
| "a director who is not the actual owner of ut
| least one hundred shares OF the capital stock
/ of said company. The directors may be
elected annually by the stockholders, per-
| sonally or by proxy, at such time 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 to
fill their places, and shall have power to fill
vacancies in their number caused by death,
resignation or otherwise. The persons herein
named as corporators shall be the directors
! for the first year, and until others are elect
ed or appointed to fill their places. The di-
rectors shall elect one of their number presi-
dent of said company. and shall have power
to make and prescribe such bylaws, rules
and regulations, and from time to time alter,
amend or revoke the same as they may see
fit. touching the government of said compa-
NY the transfer of its stock, the election of
its officers, the management and disposition
of its business, property and effects, the
power and conduct of its officers and agents,
and all other matters which shall in any
way pertain to the concern of said company.
All elections for directors shall be by ballot,
and every stakeholder shall be entitled to
one vote, in person or by proxy, for each
share of stock held or owned by him. A
majority or the directors shall constitute a
quorum for the transaction OF business and
the number of said directors may be in
creased or diminished by majority vote of
the stockholders IN interest at any annual
meeting, provided the number shall not be
less than five nor more than seventeen; and
any meetings of stockholders or directors of
said company may be held, and the business
of such meetings transacted, within or with
out this State as said stockholders or direc-
tors may from time to time elect to call sach
meetings.
See g. Be it further enacted, etc, That
the directors of the said company at their
first meeting shall determine the amount of
capital stock of said company. which stock
shall be deemed tobe personal property and
transferable as such, and shall be in shares
of one hundred dollars each, and the direc-
tors shall provide for receiving subscription
to the amount of capital stock as fixed and
determined by them, and shall prescribe the
time and manner of payment therefor, and
thereafter the amount of the capital stock
of said company may be increased from time
to time by Il vote OF a majority in interest of
| the stockholders, voting in person or by
proxy, at a meeting duly held and not 9TH
| erwise. No stakeholder in said company
shall be individually liable for any debt or
| liability of said company, but each stock
holder shall be liable to the company for the
payment of the shares of stock subscribed
by him, i'll accordance with the terms of his
subscription therefor, and not otherwise
The directors of said company shall have
power to require the stockholders to pay
their subscriptions in accordance with the
terms thereof, and on such notice as said di-
rectOrs shall prescribe, under penalty of for
fixture to said company in case of default of
the shares upon which such payment shall
be required, and all previous payments
e.,
and recover the amount of such calls in its
discretion; and the directors of said compa-
ny shall have power to receive in payment
for subscriptions to the capital stock of said
company, any property which said company
is by the provisions of this act authorized to
own, provided that the terms and conditions
upon which such property is to be received
shall first be approved by majority in in
terest of the stockholders of said company !;
provided, however, that the corporators
named in the act shall have power at their
first meeting to receive any such property in
payment tor the stock of said company, and
to issue such stock upon such terms and con-
ditions as they may deem expedient and for
the interest of said company.
Sec. 4. Be it further enacted, etc, That
the said company is empowered and author
lied
First--To locate, construct and build and
thereafter to own, maintain, manage and use,
by running thereon its engines and cars, a
railroad with one or more tracks and suit
able turnouts of such guage and construc-
ton, aud unon such Il course or route as may
be deemed by a majority of the directors of
said company most proper, eXpedient or nee
essary, and most for the interest of the said
company and best adapted for the public ac-
commodation from q point on the line of the
railroad of the New Orleans, Mobile and
Texas Railroad Company at or near YER
1niionyille, in the parish of Lafayette, to-
ward and to any point within the corporate
limits of the city Of Shreveport, in the parish
of Caddo, which may be acquired by said
company for uses and purposes of its bust
ness.
Second-For the purpose of connecting its
said main line railway, herein before des-
ignated, with other railroads within the
State, or for the purpose of giving to any
parish adjacent to said line OF road increased
facilities for the transportation of products
the said company is empowered and author
lied to locate, construct and build, thereafter
to own, maintain. manage and use, by rum
ming thereon its engines and cars, such
branch railroads and tracks, except as here
matter restricted, as a majority of directors
of said company may, from time to time,
deem proper and expedient, and for the in
terest OF said company to own and use.
Third-TO construct, establish, or purchase
and use, suitable wharyes, piers, warehouses,
yards, steamboats,, harbors, depots, stations
and other works and appurtenanees con
nected with, and incidental to said railway
and the business of said company, and by
said company deemed necessary and expe-
dent for said company to own and manage.
Fourtli-To take, transport, carry, convey
persons and property upon its said railway
and its boats by power of steam or any other
power, and to receive for safe keeping, and
to store merchandise and property i'll yards
or warehouses, and to receive for such trans
porta ton, safe keeping or storage such tolls
and charges as from time to time be estab-
hshed er authorized to be established by the
directors of the said company; and the com
pany may settle and define the extent of its
liability for transportation of passengers,
baggage, merchandise or property upon its
railway, steamboats, or vessels, or for storing
merchandise or property in its yards or ware
houses, upon its tickets, bills of lading, re-
eeipts or other evidences of contract and
agreement; and the acceptance of such tick
cts, bills OF lading, receipts or evidences of
contract or agreement from said company
expressing its liability, either for loss, injury
or damage 10 person or property shall be OBJ
hgat0ry aud binding as contract with said