The Ouachita telegraph. [volume] (Monroe, La.) 1865-1889, 1875-12-03

90 .itle OF this corporation
Navigation Company and it's do,niciie ia
ii xe1 at the City of Monroe, in the Parish
OF oaachita, Louisiana. 1t may have, a
common seal with anch device "a may be
chosen" by the Board OF Directors. the
duration Of it's charter is Twenty-Five yea 5,
unless, sooner dissolved as hereinafter pro-
Vided.
ARTICLE SECOND.
This corporation is established for the
purpose OF constructing or purchasing and
for the transI"A1ss an~,t freight and passen
gers upon tn" c':frita river and its trihn-
larin+.
ARTICLE THIRD.
The capital OF This corporation is liked al
six Thousand and six hundred dollars,
divided int" ski S'-siN shares OF one hundred
dollars each, owned and distributed as! fol
lows, ,n-wil:
Hugh N"unge, OF ouachita Parish, twelve
shares: ''nites q. Snndige. Of Nt"rei'nuse
Parish, twelve shares; Kihitlo ID. Marble,
OF M"rrh"nse Parish. six shares: Oliver =.
smith, of Union Parish. twelve sE.SiSI,;
twci>" Shares; Steele a. CO.,
Parrish twelve shares which ~! lpRei
shall neither he increased nor du.l
except Ivy the consent of thrcc-fnttrtnS
the stock represented at Il meeting called
for the purpose. a payment Of fifty per
cent tht :iillbtit tl each share shall be
made at On before the time of signing this
charter, and subsequent payments shall lie
made pro rat" III One or several Sulnialb
Suri, tim" or time shalt I've ii tr,i( ne
Board "f Hitortn- OF which notice shall tie
given personally or hv publ cation in at
least one newspaper published ut the .in,ni
cite OF he corporation for thirty days.
ARTICLE Foisr.I.
The business. OF This corporation shall be
! conducted by 81 Board OF six Directors. who
! shall be stock -h"lder~ of whom t"ur shall
fn G. ,,..,y.,,
herein ai"Ne individually named and one
member Of t!m firm OF steele x Co.. III tue
| instanr" OF said firm, shall ,nuSti tnte the
BOARD of Directors tin'il further provision
! sh;ll NJ a,a.!c by the hy-l,wS for their APP
| poinsn.rnt or election, and they shall he
invested with all the rights aud powers.
accorded Ia them under ii:, act OF ir..orpnr-
| ton. The Directors shall elect one, of thei,
| uuulhs-r "a President at their first meeting
after !ft" cruSu;tttI:tt ion and rcrortiation OF
| 'ii' act. and az the same tinia they Siiall
| also sleri from hnlnn; the Stock -hol,lers.
! bonds shall be fixed and dutia:' respec: ivcl Y
prescribed NY saisi Board Unit! dei erninesi
| hy the adoption OF bylaws by 1his' corpora
ZION.
| hHiici.t FIFTH.
| At all rinc:ihns Ivy III, stock holders and
| At al meetings at ft,' :ior holders, each
| share shall he entitled "a one vote which
| may II" given III person ~ Ivy proxy.
| ARTICLE >lNyH.
| The President * the officer designated
| Oh whom legal service OF all process or eta
! in por'on OK !rtr AZ the office of the corpora
! ton nt its d"tnlcile. Suits shall he brought
unde, HE style OF The pnachna River
| Low Water Nav iSation Company"
| ARTICLE SEVENTH.
! This corporation shall have power to buy
and fa!l 81 lease real and personal estate, &c
sue and be hne',t" plead and ha Implicated
I and to do all other acts .:i,ii thing, which a
| corporation can lawfully do.
ARTICLE EIGHTH.
| Iii" t!"urd OF Directors shalt have power
| to appoint tic masters. and, upon the NOM
mat ION at attI ntaHt"ft;, to approve of the
employment ANA appointment Of the .,.ihor-
climate officers OF All The steamers and q! hal
| water craft UW.lrt! and controlled nv this
corporate 10 settle the rates of trein h,
| thereon; /" confer upon the masters !!r; eo
such discretionary powers and fix su:
rut".' and r"gututintH under the objects and
| covers az ihtI act q! tt""t!"'fa't"n ats the
| emergencies OF navigate ION and CONNIE rec
may demand; and Ia adopt bylaws, and
! .,n"h other rrEula! IONS, and I" do and per,
| form all such other acts and things r., il
| their Judgment shall hest promote and sub
serve tive Objects purposes aud interests O,
| ti.t~ rnrl'"ratiNn.
| ARIltl.E SMITH.
stool, hnnl.s' shalt II" kept "rcu in tn.
office AT he trmicitH of the corporal ION. and
III tie event of the determination OF the
stockholders of;!lia corporation to increase
ih' capital ,!r,'h lil"rrri, ANY t'rrsst,n ina>
| nr.umr u s,.ri,-l.nl,l.r hnreaf!r. up,u III,
approval "i TIA" board OF Direct r,., urri
III" payment therefor, upon the !Crn,~ upoi
| which il il offered by due notice for a; least
iitt"t'r Of stock ~irti I've i.>iurH hv the Pres
iA"nt anal Secretary nf thn Beard of Riret.
irss eli her il he case Of t he original rnrpnr
at"r~ or Of amy ~uhskln"nt subscribers
! thereto. until SAID $!oEt>I~ paid for in fun
TIL" amount or amounts paid for stock Shal
I've property entered OH tn" stock books a.
IN" corporation as evidence. of partial pay.
tttHtS therefor.
ARTICLE: TENTH.
Certificates OF stock ISSUED by the authnr-
lily at the tinarr! of Directors shall tr ;.ucr
| hy ia" President aud r'tt,n,rrSitcnci by tho
Secretary. 40 transfer at said stock shall
l." made without tho consent nf the pirtc
tors except upon ,siNin" to them or SOME in
din iaual stock holder OF this rnrpurntiot
/ TN" refusal Nl the right rt purchase" III tn,
titSt Instance, and in such case he transfer
-'tHti I've Uut"rri Nn the books nt the com
ftht.
ARTl,I.E EII.NtNTA.
/ In case of failure bn the part of i,- cor
porAinr or fltuIp snhSrrihrr 10 Stock, legallE
mIthUriG rh under this Charlrr. To- pay the
Deferred amounts thereof, after proper and
legal notice Ivy the Board of Directors, the
4torl, subscribed lnr Ivy each Delinquent cor
INrarnr Cr subscriber shalt hrcume forfeit ed
with ',tt turttICr furtuaiitN, for the benefit Nt