Louisiana capitolian., 1881-10-01

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/ WE, Thomps0n j. Bird, DouRIas G. llontan.
/ ny Leon Jaetrcmski John M sBat6 Charles
| Week and Andrew s. HorrO2' rosidentS q the
State OF Louisiana, BY virtue Of the provIsions
0f the law OF Louisiana. for the Organization Of
Corporations tor work OF public Improvement
do fcr olirselves our associates, and succes.
s0rs, form ourselves into and c0natffnte On.
poration tor the following purposes and with
the following powers. to.wit:
Section Let. Ths name, style and title Of thia
Corporation shall be the mid. Louisiana Rail.
ROAD U0mDany, under which title Ii can sue.
and be sued: bny, sell, lease, sub lease, ana
mold rea! and personal estate, including rail.
Wy ana other properties, under the Law Of
Lcaislana, ana snail have and enjoy such other
rignts, ana follow such other pnrsuits as are set
Iort1 n the following section. The domicile Of
S Sme Company is nxed IN the city OF Baton Rouge.
Inc frcsident 81 the Board Of Directors 6r act
ing rreslGent tnereoi, IS designated ~ the off.
Vol W wnOm CiIatlon may % served In any
iOEai ptOcoeainKs Ky against tno Company.
s, HHVvlOn ~. Ane ODlect 9! tnis Company 10 to
ouliu, own ana malnialn line OF railway from
e Ry.n. ~ W se;ected On toe EAST bank Of the
SaIine riveI witnin Two hundred miles Of the|
GuI S OF Mexico through or near the town Of
,Hpc.4usas, 70 baton rouge, 70 Q point to be so-
eec1eu Hs on me west bank on the Pearl River,
oou1n oi tne mississippi boundary line, and to
connect WIN, eitner as owners, lesseess or upon
MS shS o.net business oasls, any iine Of railways
~ ay De OullC outsiae tne limits Of the State
T. nvu,siana west OF t1e SABINE and eastOf the
ar.,;sa ....e;,. stso Dulid, Ony lease Or 9th.
crwosoo oDtSin Drancnes 70 any point within the |
COnhnes OF the State Of Louisiana and bnv or
loase any complete or incomplete line Of rail. |
loau M .nae az may suDserve the purpose, and incOr.
pOlaVo JIG Same IN tne main line Of the Com. |
pany.
m ceI.,Hn shm ., Su Inc Cspitai stock ofthis Compa
sasn asa vonslst 0i nve munon dollars, divided
in.S n.y 'nGus.nd shares OF one hundred dol
lsts oacn, witnln one week after the expiration
o. 2 tne legai delays incidental to same and pub.
oa.on s I " .nis CnaftSr subscription bsoks may
~ opened at BATON Rouge under direction Of /
" .nrce - Commissionere TO oe appointed as here.
inaNer directed, and said Commissioners shall
v4ulIS AZ tne time Of subscription, that each
subscriber SUI pay the snm Of one per cent upon
~ sno a1ount subscribed Dy MIN, the balance to
" vo paia upon calls made atintervals not less
than ninety days apart. At the close of three
Gays' II AZ ieast one hundred thousand dollars
S;n..l Sasm nayo Teon SUBSCRIBED the said Commits.
sionSIs soau order an election. to take place on
sne nun Gay thereafter mot counting dies non)
!or seven directors. who shsl after their organ
.za'lon y. He ulreCtiy with said subscribers, In
ing seltlement OF their subscriptions, Issuing
~ Csil oy regular resolution No stockholder shall
Oe responsible tDr any debt or liability Of the
company to more than the extent Of his sub.
scrlption, this extent being limited by this prO.
siso that in response to any call for balances
lue a subscriber may tender full relinOu;sh. 1
nent of amount already paid by him. and snr.
render all claims for Stock, or he NAV tender
'uch additional sum as the Board OF Directors
nay agree TO accept and to issue fully paid up 9
certificates Of Stock for amount of orio;nal ,ar
emtage on amount paid in response to any prior {
ANS, all added to amount in addition rendered t
md accepted by the Board OF Directors Tho
5oard 81 Directors upon receipt of tender OF :
elinquishment from any subscriber in response t
o call shall release said subscriber finn ali | \
and at their option forfeit and Il
rase SAID subscription, or sell, after ten ,avs b
Otlce, sald stock at auction for what IL win a
ring, entering the purchaser name in lien Of c
ne original subscriber and issuing to said pnr.
haser certificates for full amount of ORIGINAL c.
Inscription, said purchaser to have and In II n
aid stock in its entirety without further nav. b
rent. In case Of erasure and forfeiture. the
took so declared erased and forfeited Win ha ri
lerged into the account ofunsubscribed and t,
nissued Stock. It is understood that StocL
'hether paid for in part or in full shall be ahIe m
D this Company f.r its pro rata of taxes Maid el
y the Company, and that If after ten davs no.
Ce said per centaue ia MT MID .o;d ~ nj