The People's vindicator. [volume] (Natchitoches, La.) 1874-1883, 1881-09-10
NEW ADVERTISEMENTS.
Charters.
United States Of America.
STATE OF LOUISIANA, PARISH OF NArU!nrucnEs.
.. ..sfl CITY or NAlCtITOcurs '

I
Be II Known, That on this '&::&t!
day of August. in the year of orr Lord One
Thousand Eight Hundred and Eigh,y.One. and OF
the Independence OF the United States OF America
| the one hundred and fifth, before me, Jno. H.
Barlow, Dy Clerk OF the nth judicial District Cm,lt
and eH-o;cio Notary Pnbc. il, and for the Parish
| OF NatrIEtoches. State OF Lo',is,na ,uy qualified
and i'll presence Of the witnesses hereinafter named
and undersigned, personally came and appeared
\. +. I.emcr Hugh T. Waln,siry Winter W.
H.eazeai". James H. Cosgrovr, Henry A. Walns
!,.y Stephen W. Kile Marshall H. Carver J. \.
Gnc"ln,s,u, J"scpl, Henry, David PirIsoI. j. All.
pr''dlomns: Mathew frrtzog and Leopold Gasp.
all, all residents Of the Parish of Nairh orhrs.
state 81 IoilisIaa, whOSrNclaV declared. That
av;,iling themselves of the powers. rights and
privileges conferred by the statutes Of the State
they do. by these presents form organize. consti-
tate and found a corporation for the objects and
purposes shall hereafter he enumerated and set
forth. and to that end they do hrrehy covenant and
agree to form and constitute and do Iy these present
form and constitute themselves and all s,,c, other
persons as may hereafter become associated with
them, whether by subscription. purchase transfer
succession or otherwise into hoNv corporate. and
Hereunder bind themselves and al VIII" may here
after BECOME associated with thcnI to br governed
by the following stlations. obligations and r:g-
lations rs articles oft the Chartered said corporation
q. AftNlG ls..' Name.
The name and title OF said corporation shall be tlc
,NATClnDCliEs RAILROAD CONSTRUCTION COMPANY
and by that name shall have succession and haze
corporate existence for and during tie full term
anu period OF llinetyn years from the date Of
The execution OF these presents, unless sooner dis
solved in the manner hereinafter provided lo.
may sue AM, he a,e,l. may hold real axA personal
property, and make contracts, may receive grants
Of land OF personal property and shah possess all
the powers anu p't''cgts which corporations are
or may he hy any general law of this State a,t.
,horized to possess; and said company may en-
"!cise its corporate powers within amy State of the
United States that shall authorize the same
4 Article oo....Capital Stock. H.
Section I. The Capital Stock OF this Corpora.
ton is hereby fixed at Thirty thousand Dol |
lars, represented! by Six Hundred shares of
Fifty dollars each, with the right to Increase
said capital stock to Sixty. Thousand Dollars
provided, that said corporation shall b. organized
under the inc"l1orat"Is l''irn named, OF whom.
Hugh i. Waimslcy, W. W. Bip,zeale II. A. |
Walmsiry, Stephen ". kilc. l.. Caspari. j. A.
Dncouinal. Joseyh Henry and David Pie,son.
shall constitute; the first BOARD OF DIRECTORS
August 1882 When Fifty thousand Dollars
Of the Capital Stock shall have |cen subscribed
the Board of Directors are authorized to com.
mence the construction Of the road and to carry
out the provisions Of this charter TO enable them
to do this subscriptions to the Capital Stock shall
he due and parable as herein provided for when
this amount has been subscribed
SEC. !? The time and manner OF payment for
stock shall l'e such as may Undetermined by the
Beard OF Directors; Provided however that no call
shall be made OF more than twenty five per cent on
each share ut any time and thirty days must elapse
before another call can be made III - ~, Il,
SEC :; No stakeholder shall be held liable Or
for the contracts faults of the Com
any in any further sum than the unpaid balance
Dr. balances due the Company on shares owned by
him, nor shall any iMturnaties in the Orrl,,;g.
ion have the effect Of annung this Char..ror|
'xl"sing stakeholder to any liability beyond the
AMOUNT of his stock subscription unpaid -
SEC t. No person shall be a director who is
1't the actual owner of at least six shares OF the
Capital Stock Of said Company, ~ ~ 49,,
Sec. j.; The stock books shall be kent at tn,
'iice OF the Company, whence certificates Of stock
hall be issued to the subscribers but no transfer
II stock shall be binding upon the Company until
made upon its stock books. and no stock ccrtiti. !
ate shall be Issued except for full paid stcck.
SEC. .. In case of failure on the part of any
nbscriber to pay the installmen.s on his stock AZ
equred, the Board of Directors shall have The On
ion after thirty days written nutice, to the deln
aent, OF forteitng his stock, or the amount pre-
iously paid thereon and no stakeholder snail
ave the right to vote while in default !
SEC. :. All rules relative to the declaration of
ivIdends or divisions OF profits we'll as tl,e by.
. of the Company, shall hs male by. the =
hall be subject to repeal, change or modification
y the holders OF majority OF the stock of the I
company ut their meeting.
SEC. g. The ,lomicilc Of the Company shall he t
10 city OF Natchitpches and citation shall he o
erved there IN the President Of the Company, or
! his abscnee on the yiee-PesiAcut. j