The Louisiana Democrat. [volume] (Alexandria, La.) 1845-1918, 1875-05-26
B. B. & R. R, PLANK ROAD CO.
STATE OF LOUISIANA-RAPIDES
PARISH.

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 availing themselves
of the provisions of the laws of the
State of Louisiana, relative to the organ
izatlon of corporations for works of pub
lie improvements and for other pur-
poses, they have covenanted 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 t;t'e Of this
Association shall be '"The Bayou Boeuf
and Red River Plank Road Company"
and the legal domicil thereof shall be
on piece of land leased by the same
from Michael WEIGH, fronting on Red
River, and situated in the Parish of
Rapides, in this State.
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 a distance Of six
miles, or whereabouts; the same to COM
metlce at a point on Bayou Boeuf known
as Stafford's place, crossing Latannier
at the old "Wells" place, and to termi-
nate at the place designated in Article
! 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
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 w,
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 49,. shares of the said
stock are for the present retained by
the Company, and are to be applied or
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. Mol
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.
ARTICLE v.
The corporate powers of this COMPANY,
shall be vested in a President and Board
ot Directors, composed of four Stock hold. {
ers. A majority of whom shall constitute
a quorum.
On the first Tuesday of May inst, DR..
K. NJ. Clark was elected President. and
Nlessrs WIN. Polk, r. H. Carnal, j. E. Mat
thews ami Oran 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,
Oers OF the Board of Directors shall con-
5lnne in office until the first Tuesday in
May, in the year One Thousand Eight
hundred and seventy-six.
On the first Tuesday in MAY, A. D., One |
thousand eight hundred and seventy
SIX, and annually thereafter, there shall lie
IN election Of President and Board of Di-
rectors of this Company by the Stock hold
'rs thereof such; election shall be held at
The Office of the said Company, and notice
hereof shall be given for thirty days eth
n in newspaper published in the said
Parish of Rapides or by posting notifica-
ions thereof in places of general resort in
The said Parish, III the manner prescribed
~ law. At all elections or general meet
ngs of the Stock-ha' "s of this Company
zach Stock-b e f;lassts 10 entitled to One
Vote for every 5...-..,.. stock owned by
lin and to cast the said vote in person or
~ proxy and except when otherwise re-
lulred by law. A majority of the votes
asst shall decide all elections and cues
ions. In elections the vote shall be by
ballot and under the superintendent of
wo Stockholders appointed by the Board
+ Directors. If from any cause an cleo.
ion should fail on the day appointed, the
resident shall forthwith call another
Meeting at ten days legal notice for the
purpose of etfecting such election and con-
inue to do so until valid election is ef-
ected.
The Board Of Directors shall be vested
With power to elect the Treasurer and
'ecretary Of this Corporation and all other
Employees thereof, and to define the du-
les and fix the compensation of each, and
where bonds are required of officers of said
Corporation to fix the amounts thereof
nd determine the sufficiency of the sure
les thereon. They shall have power
n fr>E ~ -