The Ouachita telegraph. [volume] (Monroe, La.) 1865-1889, 1875-11-19

QUARTER
OJACHITA RIVER LOW-WATER
NAVIGATION COMPANY.

NAVIGATION COMPANY.
STATE OF LOUISIANA, !
PARISH or OUACHIrA. !
BE it known, that on this 3rd day OF
November, n. d., 1873, before me, Francis
Notary Public, i'll and for the Parish and
State aforesaid, duly appointed and sworn,
personally came and appeared Hugh
G. siandig2 and Rinaldo ID. Marble of the
Parish OF Morcliouse, Oliver l.. Smith,
Alexander p. Farrar of the Parish oL1 Union,
posed of Ollie Il. Steele, John Il. Cole and
William Parks and do,niciliated and doing
business in Ouachita City in the Parish of
Union, all the members of said firm being
also residents OF the Parish above named,
N1hSfh he said commercial firm OF Steele & CO..
being herein represented by Q. Il. 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
and subscribed. that awaiting themselves
of the provisions OF the statutes of the state
of Louisiana relative to the organization OF
corporal ions in this State, they covenant,
agree and bind themselves and those who
may hereafter become members Oft COR
poration by the subscription or purchase of
stock, to form themselves into, and cODSti-
:ute, Il corporation tor the objects and pur-
poses and under the ST ipulltinns following,
that is to say:
ARTICLE FIRST.
shall be "The Ouachita River Low Water
Navigation Company" and its tlomicile is
ii xed at the City of Monroe, in the Parish
of Ouachita, Louisiana. 1t may have IL
common seal with such device as may hr
chosen by the Board of Directors. Tie
duration of its charter is twenty-five yea y.
unless sooner dissolved AS hereinafter pro
vidcd.
ARTICLE SECOND.
This corporation is established for the
purpose of constructing or PURCHASING, and
for the transportation of freight and paSsen-
gers upon the Ouachita river and its trihu-
tarieS.
ARTICLE THIRD.
Tho capital of this corporation is fixed AT
six thousand and six hundred dollars,
divided into 81 xty-.,ix shares OF one hundred
dollars each, owne, and distributed as fol-
lows, to wit:
Hugh Iounge. OF Ouacl,ita Parish, twelve
Parish, twelve shares Rinaldp p. Marble,
of Morehouse Parish. six shares Oliver =.
Smith, Of Union Parish. twelve shares
twelve shares; Steele X Co.. of Union
Parish twelve shares which capital stock
shall neither be Increased nor diminished
except by the consent of three fourth of
the stock represented AT meeting called
for the purpose. \ payment of fifty per
cent. on the amount OF each share shall be
made at or before the time of signing this
charter, and subsequent payments shall be
made pro rata in one or several sums at
such time or time as shall be fixed by the
Board of Directors OF which notice shall be
given personally or by publication in al
least one newspaper published at the dom-
Gle OF the corporation for thirty days.
ARTICLE FOURTH.
The business of this corporation shall be
conducted by q Board of Six Directors who
shall be Stockholders. of whom four shall
herein above Individually named and one
member of the firm of Steele Il Co.. at the
ins tance of said firm, shall constitute the
Board of Directors until furt her provision
shall be made by the bylaws for their APP
pointment or election, and they shall be
invested with all the rights and powers
accorded to them under his act of incorpor-
ton. The Directors shall elect one OF THEN
mum Der as President at their first meeting
after the contamination and rccor,lation OF
this act, and at the same time they shall
also elect from among the Stockholders
thereof Secretary and Treasurer whose
bonds shall he fixed and duties rcsuc,.tiyely
prescribed by said Board until determined
by the adoption of bylaws by this corpora
tion.
ARTICLE FIFTH.
AT all elect ions by the stock -hollet:, and
at all meetings OF the stock-hn!dcrS, each
share shall be entitled to one vote which
may be given in person "' by proxy.
ARTICLE SMITH.
The President is the officer designated.
on whom legal service of III! process, or eta
ton against this, corporal ion Shn II be made
in person or left at the oilice of the corpora
under the style OF 1.-The ouuchit, Rive,
Low Water Navigation Company"
ARTICLE SEVENTH.
This corporation shall have power to buy
and sell or lease real and personal estate to
sue and he sued TO plead and bc implridrd
and to do all other acts and things which !,
can lawfully do.
ARTICLE EIGHTH.
The Board of Directors shall have power
10 appoint the masters, and, upon the nom
nation OF sad masters. To approve of TIN.
ana appoint ncni of { he :>iihor-
Innate officers of all the steamers and OF her
water craft owned and controlled by this
To settle the rates of trcuh.
thereon; to confer upon the mast erS hereof
such discreet ionary powers and iiN such
ri les and regulations, under the objects and
powers of this act OF incorporation us the
of navigation and commerce.
may demand; and to adopt bylaws and
such other rrGuiatiouS. and to do and per
form all such other acts and things as in
their Judgment, shall best promote and sub
serve the objects. purposes and interests OF
This corporation.
ARTICLE NINTH.
Stock books shall be kept open in the.
Office at the domicilc of the corporation and
in the event of the lcterIninat ION of th..
st ock-holdcr$ of this corporation to Increase.
the capital stock thereof, any person may
become \ stocl>-holder hereafter, upon the
NJ prevail of the Board of Directors. upon
The payment therefor, upon the terms upon
which it is offered by due notice for nj least
thirty days to the said BOARD. But no
titicate of stock shall be issued by the Pros
dcnt and Secretary OF the Board of pircr-