The Ouachita telegraph. [volume] (Monroe, La.) 1865-1889, 1875-12-24

OuACHGTA RIVER IOW-W AFTER
NAVIGATION COMPANY.

NAVIGATlON COMPANY.
STATE OF LOUISIANA,
PARISH OF puAcHlrA.
Be il known, that on this 3rd day of
November. \. H., 1879. before me, Fr:ncis
4. Hall. Deputy Recorder and eN-oflicio
Notary Public, in and for the Parish and
State aforesaid, duly appointed and sworn,
personally came and appeared Hugh,
I"unge of TIL" Parish of Ouachita. James
Parish of Morehousc, Oliver L. Smith.
AlexanuerP. Farrar of the Parish OF Union,
and steele 4 Co.; conn ."mncreal firm com,
William Parks and domiciliated and doing
business in Onachita City III the Parish Of
Union, all the members OF said firm being
also residents of the Parish above named,
and the said commercial firm OF Steele & Co.,
being herein represented by Q. b. Steele.
one of its MEMBERS, the names of all of
which said parties are hereto subscribed,
VIII" declared to me, Notary, in the pres
ence or the witnesses hereinafter named
| and subscribed, that, availng themselves
of the PROVISIONS OF the stat ,,teS OF the State
| of Louisiana relative to the organization OF
corporations in this State, they covenant,
agree and bind themselves and those who
! may hereafter become members OF this cor
stock, To form themselves into, and cousti-
| tite, a corporation Tor the objects aud pur
| poses and under the stip.lations following.
| that is TO say:
! ARTICLE FIRST.
The name and title or this corporation
| shall be THE Ouuchita River Low Water
| n iGatiOn " ana llS uDlniElle
fixed at the city of Monroe, in the Parish
| OF Ouachita, Louisiana. 1t may have
common seal with such device as may be
| chosen by the Board of Directors. The
| uuratin ion Of its charter is twenty-five yea, ..
| unless sooner dissolved as hereinafter pro
vlueu.
| ARTICLE SECOND.
This corporation is established for the
purpose OF constructing or purchasing and
| maintaining: steamboats, and other vehicles
| for the transport .tlon of freig ht and pusseu-
| T. IN
taries.
ARTICLE THIRD.
The capital of this corporation IL, fixed at
six thousand and six hund red dollars,
divided into six y-:3ix shares OF one hundred
| dollars each, owned and distributed as fol-
| lows tO-wit:
Hugh Youngc, of Ouachita Parish, twelve
shares; James q. Sanuige, Of Morehouse
! OF Moreholse Parish, six shares Oliver p.
smith, of Union Parish, twelve shares ::
| AieNander P. Farrar. Of Union Parish,
Parish, twelve shares which capital stock
! shall neither be Increased nor diminished
except by the consent OF three fOurths of
| the stock represented at meeting called
| for the pnrpoae. payment of fifty per
| cent. on the amount of each share shall be
| made at or before the time OF signing this
charter, and subsequent payments shah be
| made pro rata i'm one or several sums at
| such time time as shall he ii Xel by the
| Board Of Directors, OF which notice shall be
! given personally or 10y publication in at
| least one newspaper published at the domi-
ARTICLE FOURTH.
The business of this corporation shall be
conducted by u Board OF Six Directors who
shall be stockholders. of whom four shall
constitute 4 quorum. The CorpUratorS
| herein above individually named and one
member of the firm of Steele 4 Co., at the
| Board of Directors until further provision
shah be made by the bylaws for their APP
Rontms", ; or election ,% and they shall be
| accorded to them under this act OF incorpor-
ton. The Directors shall elect of their
number as. President at their first meeting
| after the contamination and recorlalio ion OF
this act, and at the same time they shall
also elect from among the stock holders
thereof Il Secretary and Treasurer whose
bonds shall be fixed and duties respectively
prescribed by said Board until determined
by the adoption OF bylaws by this corpora
ton.
ARTICLE FIFTH.
At all elections 10y the stock holders and
at all meetings. OF the stock holders, each
share shall be entitled to vote which
may he given III person OF by proxy.
ARTICLE SIXTH.
The President is the officer de.3i ,;nated
on whom legal service of al! proccsis or cita
| ton against this corporation shalt be made
in person or left at the office OF the corpora
ton at It's doniciie suits shall be brought
under the IL yle at Tho Ouacnita River
Low Wutcr Navigation Company"
AErICLE SHv ENTH.
This corporation shall have power to buy
aud sell on lease real and personal estate, to
aud to do all other acts and things which a
corporation can lawfully DO.
ARliCi EIGHTH.
The Board OF Directors shall have pow ar
t" appoint the masters, and, upon the nOnI-
nation OF said inast.!S, 10 approve of the
employment and appointment OF the subOr-
linate officers Of all The steamers and OF her
water craft owned and controlled by this
corporation: TO settle the rates of freight
thereon to confer upon the iutsterS thereof
&llch discretionary powers and Xix such
rul ami regulations, under the objects and
powers OF ihjS act of incorpprat ion as the
emergencies al navigai ion and commerce
may demand and to adopt bylaws and
such other regulations, and to do and per
form all such other acts aud things as, in
their Judgment ,shull best promote and sub
serve the objects purposes and interests Of
ibis cnrprratlnn.
ARTICLE NINTH
stock books shall be kept open in the
office at the domiciie of the corporal ION, and,
in the event OF the determination of the
stock holders, Of this corporation to increase
the capital stock thereof, any person may
hecnuc stock holder hereafter. upon the
approval OF the Board OF Directors, ul.on
the payment therefor upon the terms npnn
which it is offered by due notice for at least
thirty days 70 the said Board. But GER
titicate Of stock shall lie issued by the Pres
and tayy # nj Djrag-