The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1881-03-12
Act of Incorporation.
United States of Amerea-State of Louis

Act OF Incorporation.
United States of Ameriea-State of Louis
ann-Parlsh Of Ascension.
DE IT KNOWN. thai on this ninth day
ID of the month of March, i'll the year
eighteen hundred and eality-onc. before
me- Edward n. Pugll. u Notary Public, duly
commissioned and qualified and acting in
and for the parish, OF Ascension, in this State
and in the presence of the witnesses herein
after named and undersigned, personality
came and appeared the persons whose
nnlnes are hereullto subscribed. who de
claretl that awaiting themselves OF tho pro
visions Of the laws of this State relative to
the organization OF corporations Tor works
OF public Improvement and utility they have
covenhntetl and agreed and by these presents
do covenant and agree and bind themselves.
az well as such persons rs may hereafter be-
cnlpe associated with them. to fOrIu anu con
stitute II corporation and body polite iii
law for the purposes and objects and under
the stipuatiUns and articles following, to-
wit:
ARTICLE L.
The name and title of said corporation
shall he Tho Donal,lsonvile Bridge Com
pany " and its tomicilc shall be i'll the par
ish Of Ascension, State of Louisiana; said
corporation shall exist and have and enjoy
succession under its aforesaid corporate
name fnr the term and period OF twenty five
years, commencing on and to be computed
from and after the day and date hereof, and
shall have power and authority to contract
and to sue and to be sued under its afore-
said corporate name, to make and use cor
porate seal, and the same to break or alter
ut pleasure, to hold, receive, purchase and
convey well as mortgage and hypothecate
under its corporate name property, both real
and personal, and to name and appoint such
managers and directors and officers and to
make and establish such bylaws, rules and
regulations for the proper management and
regulation OF the affairs OF said corporation
rs may be necessary and proper, and the
same to change, alter ana amend at pleasure.
ARTICLE II.
The main object of this company is to
build a bridge across the Bayou Lafourche,
in the parish Of Ascension at such point as
may be selected by the directors of this
company at the town OF Donaldsonyiile on
said Bayou, the said bridge to be built on
the plan and with such materials as may he
selected by the directors OF this company,
they the said directors to regulate and fix
the tolls to be charged by this company.
ARTICLE Ill.
Tie capital stock of said corporation is
hereby fixed at the sum OF Fifteen Thou-
sand Dollars cash, the said stock to be paid
as follows: One dollar cash on each share ut
the time Of subscription and the balance
| when called upon by the board OF directors
OIL SalO coI!3pdHS.
ARTICLE ".
Tie business and affairs of said corpora
| ton shall he under the superintendent and
mana cement of a board OF directors com
posed of eight stockholders, each of whom
| shall own i'll his own name five shares oil the
capital stock Of said company. Said board
| OF directors shall he elected for the term of
one wear on the first Monday in March Of
| each year after the date hereof and II maiori-
| ty OF the votes cast shall elect. Each share
Of stock shall be entitled to one vote, either
| in person or by proxy, and ten days prior
| notice of sucl, election shall be given in Il
newspaper published i'll the parish Of Ascen-
| sion The board of directors Il. their first
| meeting shall elect president. - secretary
| and treasurer, aud all citations or other
| legal process shall be served upon the prcsi
| dent or during his absence, the secretary.
| Said board shall have fnl! power and an-
| thority to appoint such officers, clerks or
| agents as they may deem necessary for the
| business of said company, to make and cs-
| tabish as we'll as alter and amend any and
| all bylaws, rules and regulations rs they
may deem necessary for the protection, sup
| port and mana cement of the affairs. inter-
| ests and business OF said company. Five
| of said directors shall constitute u quorum
| for the transaction of all business ana amy
| vacancy that may occur in said board from
| death or resignation shall be filled by c!cc-
! ton by tho remaining members.
! ARTICLE v.
| Whenever this corporation is dissolved,
| either by limitation or other cause, its affairs
| shah he iq,litated under the superintcnd
| encc of two stockholders. appointed for the
| purpose by tho board of directors, who shall
| remain III office until the affairs OF said
company shall have been fully settled and
liquidated.
| ARTICLE VI.
! No stakeholder shall ever be held liable
| or responsible for the contracts or faults of
said corporation in any further sum than
| the unpaid balance due the company on the
shares owned by him, nor shall any nfor-
ma1ity in organization have the effect of
| rendering the charter null or Of exposing
| any stakeholder to any liability beyond the
| amount due on his stock.
ARTICLE VII.
| This act of Incorporation may be changed,
| modified or altered, or said company may
be dissolved with the assent of thrce-fourths
| in amount Of the capital stock thereof at
! any general meeting convened for that pur-
| pose, after fifteen days notice in a public
newspaper published in the parish of Ascen-
| sion.
/ ARTICLE VIII.
John T. Nolan, Robert N. Sims. Dr. w. NJ
| McGaiiard, DR.. A. G. Love, Meyer Lemann,
| have been chosen as the first board of direc-
tors Of said company and shall serve as such
until the first Of March. Eighteen Hundred
and Eighty two, or until their successors
shall have been elected.
Thus done aud passed. at my Office in the
parish of Ascension, on the day. month and
year first above mentioned, in the presence
Of Mcssrs. w. w. Buford and J. j. La
targue, good and competent witnesses,
who, with said appearers and me, Notary,
have signed these presents after due read
ing thereof
ISigncd] W.. McGALLIARD,
| j. T. NOLAN, Jr.,
I II. DROEGE,
A. G. LOVE,
L. E. BENTLEY,
... MYER LEMANN,
b. LEMANN,
TT IErHE