The Ouachita telegraph. [volume] (Monroe, La.) 1865-1889, 1875-12-17


agree and bind themselves and those who
niay hereafter become members of this cor
stock, /" form thcnlseivesInt" and corsti
tnte, corporation tor the objects and pnr-
poses and under the stipulation following,
that il 10 say:
ARTICLE FIRST
The nnn'., ami title Of this corl'nrat ion
shall I've Tho Ouarhita River Low Water
Navigation tninpany.' and lis aoniHile is
OF oi.achiia. Louisiana. II may have =.
common seal with Sncl device may he
chosen BY III" Board OF Directors. The
duration OF ita charter is twenty Iive Years
unless SCOOTER dissolved as hereinafter pro-
Viaed.
ARTICLE SECOND.
This corporate ion is established for the
maintaining steamboats, and other vehicles
for the transpo rtat ION Of freight and ,,ussen-
gers upon he runchita river and it's tribu-
taria%.
ARTICLE THIRD.
The capital of this corporation is ii Ned At
SIX thousand and six hundred dollars.
dollars each. owned and distributed as fol
lows, t"~wit:
Hugh, ionn.se. al uuac!Aita Parish, twelve
shares: James &. Satidi.:e, of Niorehu,ise
Parish, twelve shares: Ri,aldo u. Marble,
OF M"r''i"n.t Parish, six shares; oliver +.
s>leNanaer z. Farrar, OF Union parisl.,
Twelve Shaless: Steele ~ CO., Of Union
Parrish. twelve shares; which capital stock
except by ia" CONSENT OF three f'nrhs of
the stock represented at II meeting called
Tor Inc purpose. \ payment OF fifty per
cent. on the amount rI each share shall be
ini'i- At or before the time. of signing this
charter, and Subsequent payments shall he
made pro rate, in o,r. 81, several SUMS at
such lime or time ~ shall be iixel hy the
Eoari of Directors. OF which not ice shall be
given personally or hN publication in At
least one newspaper published ut the uumi-
riie "t The corporation for thirty days.
AErlI'IE FOURTH.
The bus inesS OF thi, corporation Shall I've
conducted by It Board OF Six Directors who
constitute ut"u,ht. The rnrporators
herein above individually named and one
member "I the firm of Steele 4 Co., at the
instance OF said firm, shall constitute the
Board Of Directors until ttrth provision
shall lac made by the bylaws for their APP
p"intn'nnt or election, and they, shall he
invested with all the rights and powerS
accorded 10 them under This act of itrurtur-
ton. The Directors shall elect one of their
number as President at their first meet ing
after the ronSunilnation and r"cordation Of
This act and III the same time they shall
AIS" elect from among the Stockholders
thereof a Secretary and Treasurer whose
bonds shall be fixed and .lut les respectively
prescribed by said Board until determined
by III" adoption OF bylaws 10y This corpora
ton.
ARTICLE FIFTH.
Al AL elections by the stock -hol.lers and
a! all meetings OF the stock holders en- rh
may -" giICn IN person OF ny proxy.
ARTICLE SIXTH.
The President is the officer designated,
on whom legal service OF III! process or eta
ton against this corporation, shall be made
in person or left at the g fiice Of the .ornora
ton AT its domiciic. SHIFTS Shall be brous hi
Under the style of "1'hc Ouachita EiSsr
io" Water aNi.;ati"n Company
ARTIFICIAL: SEVENTH.
This corporation shall have power to buy
aud sell or lease real and personal estate, to
sue and %" Auctl'o plead and inr i1uplnadet
corporation can lawfully do.
ARTICLE ElCuTu.
The Board Of directors shall have mower
20 appoint the masters. and, upon tho nom
NATION Of said niastrrs, I" approve of the
employment aud appointment OF the ssubor-
tinate officers al all he .t: catcIS and OF her
water craft owned and controlled by this
corporal ion la sSeiti. the rates of ffejp bt
thereon: IL center upOn the mast cr., thereof
Anrh discretionary powers. and fix 4tr,.h
rules and regulations, under the objects and
powers Of this act of iEcofporatiou "a the
rh"fSchS,eS OF narigati ion and commerce
may hrinhnl; and To adopt bv-laws and
such other rr%ilatinua, and to do and per-
form All such oi her acts ana things as in
th"'r judgment shall hes; promote and sub
serve the objects, purposes and interests of
Tina corporal ION.
ARTICLE NINTH.
stock books shall bs. kept omen in the
ntfic" At tho Homi"in of he corporal ion and
m the event OF the determination Of the
Nt0rk-ttnfders of this corporation to increase
~
h""h'no Il t"cil-hotier hereafter upon the.
approval Of tn" Board Of Directors, upon
The payment therefor. upon the terms upon
Wnlch IL Is offered hy due notice for at least
thirty daS- To tho said Board But no Ger
tucate Of stock shall be issued bv the Pres
iieni ana Secretary OF the BOARD OF Birar-
'Nf@ot her IN tho case OF the original rorpor
atHf" az OF amy subsequent :ui,:srribarst
Thereto. until said stock ia paid for in fun.
nc ithaHaht or amounts paid for :,tUcR shah
I've rrnrorl" entered GA the stock books OF
Inc corporal inti ~ evidence of partial pay
nlnntS therefor.
ARTICLE TENTH.
tertih"at"a ~ stock issued hV the author
NY Of the Board of Directors, shall he ,,iG ned
by TIA" President and rnuntrisiguei Ivy the
secretary. No transfer of said stock shall
j." made without the consent OF the birec-
tors except upon giving TO them nr some in
ttc refusal OF the right OF purchases in The
first inStInCr. and in such case the. transfer
n'taif hr rut"r"d ON thr books OF the com
rauS.
NKrI,'tI: t:t,EvESrtt
In ".lS,> uf failure on the part OF any cor
l,rrhtOr or future ~ l,Scri,cr Ia stock legally
ANT hnriECl under this charter. t. pay the
deferred amounts thereof. after proper and
legal notice by the Board Nf Directors the
stock ,,ui'~,'rihs, for hy each delinquent cor
rNrAIor ar subscriber Shall become forfeited
Without lurt her inrtn:ititN. for the benefit uf
his company.