The Ouachita telegraph. [volume] (Monroe, La.) 1865-1889, 1875-11-26
NEW ADVERTISEMENTS.
= - . ~
QUARTER
l. T II l. -
OuACIfITA RIVER LOW-W ATEl;
NAVIG ALTON COMPANY.

NANIG ALTON COMPANY.
STATE or I.oUfSiANA,
PARISH OF OrAcnlrA.
Be it known, tina. on this 3rd day OF
November. A. d.. 1873, before me, Francis
STATE aforesaid. duly appointed and sworn,
Ionnge Of the Parish of 6s niachita, JAMIE, mes
g.. Sahd1se and ltinald" -. Marble OF the
Alexander r. Earrar OF the Parish, of Union,
and steele o. 20. II commercial firm com
posed Of Ollie h. Steele, John u. cole and
William Parks and domiciIiated and doing
business in Ouachi1a City in the Parish, OF
Union, all the members OF said firm being
also residents ut the Parish above named,
and the said commercial firm OF Steele & Co,
being herein represented by O. l.. steele,
| one of it's members. the names OF all OF
which said parties are hereto subscribed.
who declared to me, Notary, in the pres
ence OF the witnesses hereinafter named
OF the provisions OF the statutes OF the State
Of "a ana relative To he organization OF
~, made by the whesaiee,re . shsS tsnSH,an.
ather and ;,nnGi ions will be fixed for Dec
atnckIn' c!.!.t three ca, purpose. n., ,.',,sti.
IN. i position MT 1T i,c nhie,.,s and r,,r-
pi, or two n a. Iipulat IONS following.
ellie. VIII" her"-
| The name and title of this corporation
! shall. be ''Thc ou:u.hita River Low Water
| Navigation Company and its uo'nirite i
| Of tuachita. Louisiana. 1t may have
| coutniou seal with such device rs may be
chosen by tho Board OF Directors. The
| duration of it's charter is twenty-five vea,S,
| unleSs sooner dissolved :,s hereinafter pro-
! vidcd.
ARTICLE SECOND.
| This corporation is established for the
p,rpo>" ct constructing: or purchasing; and
| maintaining steamboats, and OF her vci.ic!es
for the transportation of freight and p.,ssen-
|
tarieS.
ARTICLE THIRD.
| The capital of this corporation is fixed ut
six Thousand and six hundred dollars.
divided into SiNt y-siN shares OF one hundred
dollars each, owned and dist fol-
| Hugh Tounge. OF Ouachita Parish, twelve
| shares; James Il. Saudtgc, of Morrhouse
Parish. twelve shares; RinalIo u. Mart'"
of Moreh"use Parish. six shares; Oil,
smith, OF Union Parish, twelve g
! AleSandcr +. l"arrar, OF Union I'N
Parish, twelve shares; which capital stock
! shall neither I've increased nor diminished
| except 10y the consent OF thrce-lnurths Of
| the stock represented al Il ineatinY called
| for the purpose. \ payment Of fifty per
cent. on the amount OF each share shall be
made AT or before the limo of signing lbs,
| c.Ertcr and subsequent payments shall sc
| made PRO rata in ono or several Sums; at
such Time or time as shall DO ii xch by h"
given personality or Ivy publication in at
least one newspaper published at the dnn,i-
cue Oh Inc corporal ION for thirty days.
ARTICLE ro,'Isrii.
| The bu*it.eSS OF / his .,rpnrlt ion shall be
conducted by 4 Board of Six Directors. who
| shall be stock holders, OF whom, four shall
Hsrs" oxs n%ni%iT",v Inr ,ne n "s.
member of the firm OF steele Il Co., at Tie,
| instance of said firm, shall constitute the
Board OF Directors until further prnvi:,i"n
| shall he made by the 10y laws; for their APP
p"in1,nent or election, and they shah be
| Invested with all the rights aud powers.
[ accorded to them lnIpr This act Off
! lion. The Directors shall elect one of their
| number rs President III their first meeting
| This act. and Al The sam: time they shall
ais" elect from among the stock holders
bonds shall be fixed and .lnt les respectively
| prescribed bv said Board until del erlnine,i
by the adoption of y-iaws 10y this corpora
| ton.
ARTICLE FIFTH.
| At all elections 10y the stock holders and
al ali meetings OF the stock holders, each
| share shall be entitled to one vote which
may j." given in person o. Ivy proxy.
| tKrtrGH ~t<ru.
The President is the officer designs: ed
on whom legal service OF al process eta
| in person or left III The q ilrn OF the corpora
ton at its donirie. Suits shall be brought
under the style OF 1.-THE ouarhitu River
Low Water Navigation Company
ARTICLE SEVENTH.
| This corporation shall have power to buy
| and sell or lease real and personal estate. 10
ana Sllft-lt plead De pleaded,
| aud to do all other acts and things which :,
corporal ion can lawfully do.
ARTICLE: EiGHTH.
The Board of Directors shall have pow Ell
to appoint tn" masters, and, upon The. NOM
mat ION of said .l:,SterS, To approve of the
employment; and appoint ment of the Suhbr-
dinate officers of all the steamers and q: her
water craft owned and controlled by this
corporal ion: 10 settle the rates. of freight
thereon to confer upon the mast crS thereof
such discreet iunary powers and fix suri,
! rules and REGULATE ions, under the objects and
| powers OF This act of incorpOrat ION as the
emergencies of fiaviett ion and commerce
may demand; and to adopt bylaws; aud
such other rrgu ions, and 10 do and peg
| form all such other acts and things as, IA
their jut,gmeu shalt best proluoto and sub
serve the Objects, purposes and interests OF
Ibis corporation.
ARTICLE NINTH.
Stock hooks Shall be kept open in ia.
office at The tnn irifr OF he cnrporat ion. and
i'll the event of the ,lCtrrmiiIai i,n Of Ins
| stock -hoilcrS OF thS corpOr.ttio to n,.rca:-,
the capital stock thereof, amy person MAY
become II Stoc!>-hnt,lr.' herraftrr upon III.
approval of the Board of Directors, tIr.
the payment therefor, upon the terms upn,
which it is offered by due notice for ut least
thirty DAYS to the said Board. But no GER
tiiicutc ot*tocll shall he issued hN the Pres.
itcnt and Secretary OF the Board of Dircr
tors cit her in the ease Of the original rorpor
atofS or of any subsequent subscribe
thereto. uni il said stock is paid for in fan
The amount or amounts paid for stock Shal
be properly entered on the stock books q
the corporation aS evidence OF partial pay
niCntS therefor