The Louisiana Democrat. [volume] (Alexandria, La.) 1845-1918, 1875-06-16
B. B. s. R. R, PLANK ROAD co.
STATE OF LOUISIANA--RAPIDES
PARISH.

DE 1T 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
ization of corporations for works ofpub-
lie improvements and for other pur-
poses, they hayescoyenanted 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 stipuIatiOns, regulations
and obligations set forth as follows,
to-wit:
ARTICLE I.
The cooperate name and title of this
Association shall be "The Bayou Boeuf
and Red River Plank Road Company"
and the legal domicil thereof shall be
on q piece Of land leased by the same
from Michael WEIGH, fronting on Red
River, and situated In the 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 deslgna-
ted as the "Bayou Boeuf and Red River
Plank Road" for d distance of six
miles, or thereabouts; the same to COM
mence at point OH Bayou Boeuf known
rs 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-
cil 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 ~.
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 sub
scribed twenty per centum has been
paid, and the balance shall be paid in
monthly installments of ten per cent
The remaining .... shares of the said
stock are for the present retained by
the Company, and are to be applied or
disposed of i'm 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.
ARTICLE ".
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
3Iessrs VIM. Polk, r. Fl. Carnal, j. f. 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 menu
bers of the Board of Directors shall con-
time 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 be
an election of President aud 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 o newspaper published in the said
Parish of Rapides or by posting notifca-
tions thereof in places of general resort in
the said Parish, in the manner prescribed
by law. At oil elections or general meet
ings of the Stockholders of this Company
each Stock holder 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-
qulred by law. A majority of the votes
cast shall decide all elections and ques-
tons. In elections tho vote shall be by
two Stockholders appointed by the Board
of Directors, If from any Cause an cleo.
ton should fail on tho day appointed, the
President shall forthwith call another
meeting at ten days legal notice for the
purpose ofeffecting such election and con-
tinue to do so until valid election is Of
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 du-
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 ia4their own members be-
tween regular elections to make and carry
into effect, all rules and regulations pro-
motive of the purposes for which this oor-
poration is established, and not inoonsist-
emit with this Charter, aud to do all things
with which the law vests the administra-
tive authority ola Corporation.
ARTICLEYI.
No Stakeholder in this Corporation shall
ever be held liable or responsible for the
contracts or faults of tho Company in any
further sense than the unpaid balance due
by him to the Company on the shares of