The Louisiana Democrat. [volume] (Alexandria, La.) 1845-1918, 1875-06-02
B. B. s. R. R, PLANK ROAD co.

B. B. s. R. R, PLANK ROAD GO.
STATE OF LOUISIANA-RAPIDES
PARISH:
DE IT KNOWN THAT THE UNDER.
~ signed, whose names are subscribed
to this Act as parties thereto, all being
residents Of said Parish of Rapides, do
hereby declare, that availiDg themselves
of the provisions of the laws of the
State of Louisiana, relative to the organ
ization of corporations for wdrRs Of pub
lie improvements and for other pur-
poses, they have coSenantcd and agreed,
and by these presents do covenant,
agree and bind themselves and those
whom they represent or who may here
after become associated with them, to
form themselves into and constitute a
corporation for the objects and purposes
and under the stipulations, regulations
and obligations set forth as follows;
to-wit:
ARTICLE I.
=
The cooperate name and, title Of this
Association shall be s"Fhe Bayou Boeuf
and Red River Plank Road Company
and the legal domicil thereof shall be
OH a piece Of land leased by the same
from Michael WEIGH, fronting on Red
River, and situated iii tile Parish OF
Rapides, in this State.
ARTICLE Ii.
The object and purposes of this Com
pany are declared to be: to construct a
plank road, to be known and designa-
ted as the "Bayou Boeuf and Red River
Plank Road" for distance of six
miles, or whereabouts; the same to COM
mence at a point OH Bayou Boepf known
as Statford's place, crossing Latannier
at the old "Wells' place, and to termi-
nate at the place designated in Article
l hereof, designated as the legal domi-
Gil Of this Company, to build ON the
said place Warehouse, the same to be
known and designated as the "Kanomie
Warehouse" and to use and employ the
said plank road and Warehouse and
their appurtenances for the purpose Of
transporting and storing freight, and
receiving and shipping the same, and
for the said purposes the said Company
shall have and enjoy all the incidental
powers and privileges as are now or
may hereafter be conferred upon it as a
corporation by the general or special
laws Of this State.
ARTICLE III.
The President of this Company shall
be the proper officer upon whom cita-
ton and all other legal notices may be
served.
ARTICLE Nv.
The capital stock of this Company
is hereby fixed at Five Thousand Dol
lars, represented by five hundred shares
Of ten dollars each. OF the stock SUBJ
scribed twenty per centum has been
paid, and the balance shall be paid in
monthly installments of ten per cent
The remaining 500. shares of the said
stock are for the present retained by
the Company, and are to be applied or
disposed of in such manner as the Board
Of Directors may hereafter by resolu-
ton determine. The said Board shall
have power to establish rules and by
laws, according to which any share or
shares upon which any installments
shall remain over due thirty days shall
be either forfeited to the Company or
sold for account of the delinquent. No
certificate of stock shall be issued until
the full amount thereof Is paid, and all
transfers shall be made according to
the rules and bylaws to be established
by the Board of Directors.
The corporate powers Of this Company,
shall be vested in President and Board
of Directors, composed of four Stock hold.
ers. A majority Of whom shall constitute
q quorum.
On the first Tuesday of May inst, DR..
X. NJ. Clark was elected President, and
Messrs WIN. Polk, r. H. Carnal, j. Il. Mat
thews and Gran Dorsett, Jr., were elected
members Of the Board Of Directors Of this
Corporation. The said election is hereby
ratified, and the said President and men,
bers of the Board of Directors shall con-
tinue in office until the first Tuesday in
May, in the year One Thousand Eight
hundred and seyenty-six.
On the first Tuesday in May, "A. D., One
thousand eight hundred and seventy
six, aud annually thereafter, there shall be
an election Of President and Board of Di-
rectors Of this Company by the Stock hold
ers thereof such; election shall be held at
the Office of the said Company, and notice
thereof shall be given for thirty days eth
er in newspaper published in tie said
Parish of Rapides or by posting notifica-
tions thereof in places Of general resort in
the said Parish, in the manner prescribed
by law. At all elections or general meet
ings of the Stockholders Of this Company
each Stakeholder shall be entitled to One
Vote for every Share of Stock owned BY
him and to cast the said vote in person or
by proxy and except when otherwise re-
quired by law. A majority of the votes
cast shall decide all elections and aues-
tions. In elections the vote shall be by
ballot and under the superintendent Of
two Stockholders appointed by the Board
OF Directors. II from any cause an cleo
ton should fail on the day appointed, the
President ehall forthwith call another
meeting at ten days legal notice for the
purpose ofefecting such election and con-
tinue to do so until valid election is ef-
fected.
The Board of Directors shall be vested
with power to elect the Treasurer and
Secretary of this Corporation and all other
employees thereof, and to define the d,,.
ties and fix the compensation of each, and
where bonds are required Of officers Of said
Corporation to. fix the amounts thereof
and determine the sufficiency of the sure
ties thereon. They shall have power
moreover to fill by election any vacancy
that may occur id their own members be-
tween regular elections to make and carry
into effect, all rules and regulations pro-