The People's vindicator. [volume] (Natchitoches, La.) 1874-1883, 1881-08-13
Article 3....General Powers.

Article 3....General Powers.
The said Company is empowered and authorized
FIRST To locate, construct lease, own and mSc Il
railroad with ont or more tracks, and suitable
turnOuts Of such gauge and construction and up
| IN such u course route may be termIsl hy q
majority Of the directors Of said Company most
| exlx.lieDt, beginning at a point the Bon Die,l
| ming thence to point nj or near S,hilrrt"wn,
Texas and with such branches as the board Of
Directors may deem necessary.
SECOND-TO locate, construct, lease run, main.
tain and such branch railroads and tracks as
majority Of the Directors Of said Company may
| for the interest Of sail Company TO own and Il,
use and lease and they shall not bc restricted il,
the exercise Of this privilege t" the State Of Lou.
isala. hut may connect their main line with any
other line or lines III other States which shall al.
tho!ize the exercise Of said privilege within their
establish and maintain proper freight and passe,l.
ger tepots, and to connect them by tracks and
ferries with Rcd river and Sabine river, ut such
point or points AZ may tc deemed most c",ve.
lent for the public interest and to in such fer
ries. steamboats, and other vessels and for the ,,lr
pose OF such lel"ts tracks and ferries, NAV NC.
qnre property by appropriation.
itttkiI-1O construct, establish Or purchase, and
thereafter to Owh lease, maintain and use suitable
wharvts, piers, warehouses; yards, steamboats, hal.
bors 'trlhts, stations cotton congresses and other
works and aplultenances connected will, and Incl
dental 70 sad railway and its come lions, and to
run and manage the same a. the Directors Of the
said Company may deem to le most eXpe.lient and
to the welfare Of said corporation.
FOuKTf-.,Fo take, transport, carry and convey
persons and property upon its said railway, ami
upon its boats, by power ri steam or other ls,wpr
and to receive for xate keeping and to store n,er
chanttlse and property III its yards, warehouses;
and tN receive for such transportation safe keeping
or storage such tolls and charges ~ may from time
t! time be established authorized to he establish
et BY the Directors Of said railroad company to
make advances Of money or credits ,lpOn Merrhan.
disc or property for charges made by other trans
portation lines t" fh transported upon its railways,
steamboats, or vessels, to he stored in its wards
Or warehouses; t. such extent and nlnn such terms
and conditions ~ the Directors of said Con,.,ny
may from time to time establish or authorize to be
FIrn'-ro obtain and receive by purchase grant
from the United States or otherwise, grant, lift
devise and bequest, both real an, personal pru1er
ty; to have and to hold such real and personal IT,
tate tor the objects, purposes, interests and bust
hess OF such Company. |
SlxrH--rO construct and maintain its said ra;l |
roads Or any part Of the Aa,ne and to have the |
right OF way therefore across along or npOn any
waters water courses, river lake hay, inlet street
highway, turnpike Or canal which the course OF |
;aii railways may nters.st touch or crsss; provi-
irl the said Company shall preserve any water
course; street, highway, turnpike o. canal which |
Is SAID railways may NJ pass upon along or inter.
'ect touch Or cross, 10 hot to impair its useful
less to the public unnecessarily, or if ten,,nlari
Y impaired in and during the construction Of the
aid railroads. the said Company shall restore the
aie :" It's former state or to such state that its
'setulness and convenience t. the public shall not
v unnecessarily impaired or injure aud the said
company shall not he required to construct draw
u any bridge over and acrOss any stream or bayou
kept the streams navigat'e by enrolled or liccn
"a vessels, aud when required by law.
rom any parish, city or village, any rights, priv
eges o. franchises that any Of said parishes cities
villages may choose tO grant in reference to the
obstruction, maintenance, management and use
the railroads Of said company, its dep"ts, cars,
locomotives and ita business within the limits Of
UGH or any Of said parishes, cities aud villages
EtShf:-t" appropriate property according to I
xisting laws.
NINTH.-TO cross, intercept. Join and mite its .
always aud prorate with any other railroad here
Di0lo or hereafter constructed in the State Of Lou
" 'a or any otner State, at any point upon its
ith the necessary t,,rnOuts sidings, switches and
Their cOnvenences in furthelance Of the objects of
y connections.
IESTH.-To purchase or lease from aa,y railroad Il
''npany, or corporation, at any authorized, sale.
ny railroad and the charter, franchises nro,s,tv
nd appurtenances thereof, and maintain an,{ ',se
'e same az part OF the property Of this company.
ELEVENTH. borrow money, or to purchase or | 8
ase property On its own credit for the purnse of
,9n.s:trnctlng and maintaining said railroad or ca.
Ohshing continuous and connecting lines, as here.
before provided; and a. evidence of the indeht. Q
tness Of said company for such loans or the mr..
lsse or lease Of snch property, to issue its copo
te bonds or promss0ry notes. leaving interest NJ a
lch rate per aunnm IA the directory NAV elect | a
"a maze payable in gold or the lawful money Of
deemed most to the advantage Of the c",r"rs s Al
IN, and for securing the payment of said bon,ls o
notes to mortgage and pledge its railroads. its q
lita! stock, its corporate franchises and any, Of t.
res or personal property, or any portion Of the
TExTH.-To consolidate with anv other ro;,,,. =
mpany Of this State or any comDany created Iy
y other State or by the United States accNriins
the laws now existing or hereafter 10 i've nassai
owing such consolidation.
Article 4...BOard OF Directors. -
o 81 !: The corporate powers of the COMPANY
WI De vested! 10 the Beard Of Directors, comnmed
seven stockholders, to be elected in acem1Iance
tn the bylaws Of the company aud sach oiicers
agents a. may from time to time be appointed d.
sacn baald No person shall be Director who A
ot Tue actual owner Ofat least ten shares Of the c0
pl . STOCK Of said company Directors shall be W.
ecu an5aaalE ana continue In Office until others ~
to ill vacancies In their number caused nv death OF
OF otherwise. The Directors sis elect Ut
o. their number a. President of said cOmnanv lie
,tler Vice. President, and another Treasurer to
shall have power to make and prescribe snci to
laws and rules and regulations, and from time Fri
I, alter, amend and revoke the came ~ they ~
" zee ut touching the government Of said com. "
y, the transfer Of its stock the election Of its
GERS the management and disposition Of its tn
'oness, property and effects, tho powers and con.
i Of its officers and agents. and ali other mat.
4, wnach shaa tn any way pertain to the concern
me company.
20. All elections for Directoss shall be Nv "
'ot and every stockholder shall be entitled r.
!, yG tel n person or BY proxy for each share Of
:tion. '' P''Ot !" such N.
&c. 3. Six Of the Directors shall constitn+e . II
rum ior the transaction of business and tho
!, s Of Directors may be increased or dimin.
a Dy majority vote Of stockholders in interest
~ regular meeting provided the number nhaii
oc less than seven nor more than fifteen
scrox l.. Stockholders may be callei q .nv on
0y the Hoard Of Directors, and on the renn;. an.
n o. te holders Of Of the capital stock sor