The Ouachita telegraph. [volume] (Monroe, La.) 1865-1889, 1879-06-27
MISCELLANEOUS.
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CHARTER.

! Know all men by these presents, that we,
subscribed AS corporators, do hereby form
among ourselves, and such others as may
become associated with us by subscription.
purchase, transfer or succession, II corpora
ton, under the general law of this State
providing for tho organixat ion of corpora
stipulations to govern the same, as the
charter of said corporation, to-wit:
| ARTICLE FIRST.
| The name and title of said corporation
shall DO tho MERCHANTS WuAHFRo.>r AND
| TRANSFER CoMrANT, and its domicile shall
be in the town of Trenton, ouachita parish,
ARTICLE SECOND
| The purpose OF said corporation is hereby
declared to DO AZ follows to-wit: 10 do II
| general wfarfbnat and storage business il,
tho city OF Monroe, Louisiana, at the ter
minus of the Vicksburg. Shreveport and
Texas Railroad, and to transfer goods. pro-
duce, cotton, etc, to and from Trenton to
Monroe, Louisiana.
ARTICLE THIRD.
The President, in his absence. the
Secretary, shall be tho proper officer upon
whom to serve citations in all suits against
the Company.
ARTICLE FOURTH.
Tho capital stock of this corporation is
fixed at 1.-Two thousand dollars, divided into
fifty shares of ono hundred dollars each,
Transfers of stock shall DO made on the
books of the Company, by the President
and Secretary: only on donand of the legal
holder thereof ana surrender OF certificate,
but not while any indebtedness to the
company exists on the part of the holder.
The cancelled certificate shall DO carefully
by tho President and Secretary. No certi-
ticate of stock for loss than one full share
Will be issued, and no transfer of less than
ono full share permitted.
ARTICLE FIFTH.
Tho said corporation shall have and enjoy
to corporations AUTHORISED by law, and
shall exist for tho term OF twonty years
from May first, a. ID; 1879. Its business
u
| shall be managed by II Board OF Directors
composed OF sevca persons, four OF whom
Directors shall elect from among their
| number u President and Secretary, who
shall scrve until their SUCCESSORS are elected.
They shal! have power to adopt such by
| laws AS they may Doom necessary for tho
government of the Company. and to alter
| or amend tho charter whcncvcr they shall
deem it in tho interest of the Company.
The following named persons shall consti-
tMte the first Board OF Directors, to-wit:
RaS.n. T%os. ilisaps, ". F. ' %shley,
| w. =. licnwicl< and l.. ID. NIclIain.
ARTICLE SIXTH.
On tho first Monday OF Nav, 1850, and
annually thereafter. tho election of direct
ors by tho stockholders shall be held ut the
domicilo of tho Company: Said olcction
shall DO entitled to ono vote. A plurality
Of votes cast shall decide tho election, which
of tho President and Secretary. a failure
from any cause to elect directors shall not
dissolve the said corporation, but tho di.
| roctors and officers thon in otlico shall hold
| over until another election is held.
| ARTICLE SEVENTH.
Upon tho dissolution of this corporation
ter, or otherwise, it's affairs shall DO liuui-
dated by two commissioners, to be selected
| by tho stockho1ders mt II general mcot ing
to be specially held for that purpose, nftei
thirty days notice. Said commissioners
shall immediately proceed to wind up tho
mont of all it's liabilities, to distr ibu,o tho
excess pro rata among the stockholders.
ARTICLE EIGHTH.
No stockholder shall ever be hold liable
or responsible to or through said corpora
ton for its contracts or fault. in any f,lrthe
sum than the amount of stock held by hin
in said Company.
| ARTICLE NINTH.
1t shall be lawful for this Company tt
sue and to be sued in its corporate name
to acquire property real and personal in it,
corporate name. if i'll the opinion of its
officers and directors tho interest of tn,
Company Com would be pr1"1ted thereby: T.. Al,
| President and Secretary.
ARTICLE TENTH.
! The President and Secretary shall cause
to be made ont on the first of June, ~"
and monthly thereafter, II statement of the
| receipts and expenses OF the company for
| each previous month, which statements
shall DO submitted to tho Board OF Direct
ors for their approval.
ARTICLE ELEVENTH.
No uivilend shall be paid to amy stoci, 80
st 9uce6 exhbit Ini s n te Of Ss
! to tho officer whose duty it is 10 pay over
| tho dividends.
| Done and executed before mo. the un-
dersigned Recorder and cN-"iiicin Notary;
Charles l.. Bynun, com potent witnesses
who hayo signed with said subscribers and
mo Notary. this 18th day of May, a. ID. ono
| thousand eight hundred and seventy mine.
TuOs. MCGUIRE,