The Lake Charles echo., 1880-06-12

Oh COfporatlonB Ia tnls STATE, 90, DIV theSi
| presents, form, organize, constitute and fount
as shall hereafter be enumerated and set forth
and to that end they do hereby covenant an,
agree TO form, and by these presents do form
| and constitute themselves, and all such othe
| persons as may hereafter become associated
with them, whether by subscription, purchase
transfer, succession, or otherwise, into /
Body Corporate,n and hereunder bint
| themselves, and all who may hereafter become
associated with them to be bound and gov
erned by the following stipulations, obliga
tions and regulations, as Articles of the Char
ter of said Corporation
ARTICLE 1.
The name and title Of said corporation sbal
be the "SABiNE Boom CoMPASY,i' and b,
that name shall have succession and corporate
existence for and during the full term and
period Of (25) twenty-five years from the date
OF the execution Of these presents, unless
sooner dissolved, in the manner hereinafte,
provided for; and it's domicil js hereby estab-
fshed at and shall be in the place known az
Whitmap's Ferry, in.the parish Of Calcasieu,
State of Louisiana, and all citations shall be
served there on the President of the Com
Ipany, or, in his absence, on the Secretary.
Said Corporation may be sued or may sue.
may hold real and personal property, may
make contracts, may receive, purchase, ex-
propriate, or otherwise acquire al manner Of
lands and personal property, and shall possess
all the powers and privileges which corpora
tions are or may be, by any general law Of
this State, authorized to possess, and said
Company may exercise it's corporate powers
within any other State ofthe United States,
that shall authorize or permit the same.
ARTICLE IL
The objects and purposes for which this
Company is formed, authorized and empow-
cred are, TO erect and maintain, on the Sabine
river, between the mouth Of said Sabine river,
at Sabine Lake, and sHeh point on said river
as II known rs the tHead of the kaTows, n
on said river In said parish of Calcasleu, such
boom or booms, with piers and Piles as may
be necessary for the purpose OF stopping logs,
masts, spars and other tiuber or lumber float
ing upon said river, and TO erect such piers,
piles, side-branch or sheer-booms as may be
necessary for that purpose. And, II found
necessary, said Company shall have power to
purchase, lease, hire, hold and possess any
real estate adjacent to said boom or booms,
or convenient thereto, with power to build or
rent all such buildings as may be deemed ne
eeesary for the eonvenient management of
the affairs Of said Company pr00itod that
said booms be so constructed as 10 admit the
free passage Of rafts and boats, and not TN
pede the navigation of said river, or the
thereof; py00dea, that no person
or persons shall be allowed at any time to en-
cumber said boom or booms with RATS, logs.
timber or lumber.
Aprrf,r ~ rtr
'o''t ''ii
The capital stock Of this corporation isI
hereby fxed at (10) ten thousand dollars, re-
presented by az two hundred shares, at (59)
Fifty dollars each, With the right 10 inerease
said capital stock TO (50) fifty thousand dollars
The time and manner Of payment shall be
as follows, viz: Five per cent at the time of
and the balance in instalments
of five per cent. at a time, whenever called
Tor by the company; provided, however, that
such calls shall not be made oftener than once
every thirty days Ia case Of the failure, on
nents on his stock as required, the Board OF
Directors shall have the option, after thirty
days written notice TO the delinquent, Of for
letting hls stock, or the amounts previously
paid thereon.
The stock books shall be kept at the Office
If the company, where certificates Of stock
shall be Issued to the subscribers; but no
transfer Of stock shall be binding on the coin \
,any until made upon It's books, and no stock |
certificate shall be ISSUED except for full pGid
stock
ARTICLE Nv.
~, !. -,
!, ane corpofa1e m poweIs q tnls company snali
q 49, t..ss ~ n, ~
,als S II yaar n iss sSs INK -
late t9 ee composed q three stock z h0Iders
# the company, aud such agents and officers |
II the company as may, from time to time,
'e appointed BY such board.
Directors shall be elected annually on the
Irst Tuesday IN January In each year, and |
continue III Office until others are elected 10
III their places end shall have mower to ffI |
iaeancies, In their number, caused by death, /
esignation or otherwise The Directors shall /
lect one of their number 10 be President Of
aid Company, another to be Secretary, and
mother TO be Treasurer. and shall appoint
uch officers and employees as may be re-
uired, aud shall have bower to make and /
rescribe such bylaws, rules andgegulations,
nd from time to time 10 alter, amend and REL
oEe the same, az they sbail see ~ t9qebing
ions for Directors shall be by ballot, and
very stakeholder shall be entitled to one
ote, IN person or by proxy, for each share Of
tock held by him TOR thirty days prior TO such
4l..x, |