The Ouachita telegraph. [volume] (Monroe, La.) 1865-1889, 1875-12-10
CHARTER.
OtAcHtTA RIVER I.OW-W AFTER
N.AVIGArIDN COMPANY.
STATE OF L0UISIANA,
PARISH OF OJ'Ar,nIrA

STATE cF LoUISIANA. |
PARISH OF OCACHJTA.
Be il known, that on this 3r,l day OF
November, 4. H.. ls7;.. before me- Ir:incis
\. Han. Deputy Recorder and cx-otficio
Notary Public. in and for tho Parish and
honnge Of the Parish. Of Oaachita, .JusIes
G Sanaiee and Rinall" u. Marble Of the
Alexander +. hHi.r:,r oit:e Parish of Union.
and steele Y Co. & commercial firm com
William Parks and d",niciliatcd and doing
business in ouachita City III the Parish Of
Union. ali the members Of said firm being
also residents of the Parish above named,
and the said commercial firm q: S! Cele a Co.,
being herein represented by .. II. Steele,
one OF il. n".,iibers. The names OF all of
which said parties hereto subscribed,
who declared to me, Notary, in the pres
ence of the Witnesses hereinafter named
and subscribed. that, awaiting themselves
of the provisions nl the statutes of the State
OF Louisiana relative To ihe organization OF
r"rp"rnti"ns in his State. they covenant.
agree aud bind Themselves and those who
may hereafter herc,ne mem bcrs OF his cor
p"ra'i"n by the subscription or purchase of
stock to form themselves into. and ronst;-
tnte. a corporation tor Ike objects and pur-
poses aud under he siir"!ati"ns lnl!"wiug,
that is to say:
ARTICLE: FIRST
The name ami title OF this corporal ion
shall be - Tie ounchita River Low Water
Navigat ion Company" and its ,iomiile i
IiSei u. he city OF Monroe in III" Parish
OF tuaciita,. Louisiana. II may have
common seal With such device ~ may I've
| chosen by tho Board OF Directors. The
duration OF it:> charter is tweni y-iiye yeas,
unless sooner dissolved as hereinafter pro
riued.
ARTICLE SECOND.
This corporal ion is established for the
n.aint aiming Steanhoa and other vehicles
i'' he transports ION OF freight and },:;SSen-
gers upon the ouachitn river and its tribn
t:rieS.
ARTICLE THIRD.
The capital Of this corporal" ion is fixed at
six thousand and six hundred dollars.
divided into 81 Nt N-s.i< shares of one hundred
ts"i!'rS each. owned and dist rihEtr cd fol
lows. io-wit
Hugh IounYc, OF D,,:,clita PARISH, twelve
shares; James q. Sandise, OF M"rchnnse
Parish. twelve shares; l;naldo u. Mar,.c,
OF Morehonsc Parish. six shares Oliver l..
.hcNandcr l.. rarrar. OF Union Parish.
twelve shares; steele X Co.. OF Union
shall neither he increased nor ,iin.ini-h he'd
except by the consent of three tn;,rliis of
the stock represented ut meeting called
FOR IN" purpose. \ payment OF fifty per
cent. on IA" "':,nH:,t Of each share Shall he
i!,;'''r ri or before the time OF signing, this
made I,'" rat" lit OF" or several ut
such time or time IS shall DO tiNcu by the
Board OF Directors. Of which notice shall be
given personally or by publication in al
iraS: one newspaper published at the. douii-
ell" OF the corporation for thirty days.
ARTICLE FOURTH.
The business of this "n:pntl;inn shall be
conducted by a Beard ct SIS: Directors who
snail be St"'k-h"!dr'", OF whom four shall
c"nt!it";r Il quorum; The cnrporasors
nhe,ni'"r o! ih" fra, of .S,roic x Co.. at the
inst Gn|2 OF said firm, shall constitute the
Hoard OF Directors until further prov is,ion
shall hc ina:ie l,y the by laws for their :,p-
Io!ntnicnt Or election, and they shall be
invested with all the rights aud powers
.r"s's;lr'! (" 'h";n u.,'!er his ac! nI incor,5or
lion. III" nir":tnr' shalt elect one OF their
slliinhor as President at their frs, meeting
ate" he c"nSuin!nati"n and rccor'lation OF
has act, and at the same time they shall
also elect from among the stock holders
thereof a SrrEntary and Treasurer whose
prescribed hy said Hoard until del ar1nined
hy 'he adoption OF i'y-iaw~ lay ,li4 rn:pnra-
tf"ti.
ArIIcti FIFTH.
AT all election. Ky the stock h"!,lora and
ut n! meetings. ii tina stock -hn!,icrs, each
share shall b" euiir:ed /" one vota which
may he given in ;'ar+"n ~ Ivy lro-N
>iclCI..: SIXTH.
The President Il. The officer ,,,:si.nated
on WHOM legal Sarvira of al process. eta
ton alSainat ,hi:> corporation shall be made
in person or left At tho si!icc OF the corpora
ton nj its dnini"iio. Suits shall be hr0uE hi
undal tho :Hvl, OF 1.-The Onach;tu River
Low WA,": Navi%atinu r,mpanr.''
ARTICLE SEVENTH.
!'hi:, corporation siitii have power ia bay
and sell or lease real and pei%s.nai estate 10
sue sue, -, be S''"'i.'" rs"'l and be in'p'eadea
'nrl''':.ltirn can laW:EtiN tlr.
Amr:CI.E Mu:Hrn.
The E'art al directors shall have power
I" :'nl'"in: ia" masters. and, upon the noin-
na,l"., Of sn' nn',-, t" anpr"He Of tho
hinai" officers Of all he steamers and u, her
water craft owned and controlled by this
corporal nn: 10 settle the rates OF freight
'h''r'"n; to- confer upon til" mast rrs hereof
'uch discretionary powers ana GN Sn:h
rules and regulations. under the objects and
powers of This "r Of incorpnraI ion ~ the
emergencies at iia|israt ion and commerce