Louisiana capitolian., 1881-10-08

Mid-L0lisiala Railroad CDnD /,

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i uIll(. .llVIlIiNldlI1 ndIlIJIdII tnjIii|Il
-"-'. 9 a s'sseA ~ = \ 80
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f IN i.r ~ -; 'sy slsue ~ .ne vs ssivI
e., s,ss, 1oL tal1
al "a, or,rsoisas ~. - payAo - u:S.tp
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tSa tn,;,, snu aoio" = ank purposes ahN Witl
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Ia; auu siue " enas
rad uo Kali
and lse srsd M. II, IlOn ut'c y can sue
hold reoi and vUl aUsso suvisase ane
wav and ottar N's,,,s ~ raa
I0iisia,,a and shai bova anc isW q
riphts and follow snch other Sr.. vs0.
firth n tha S,,v'. as are sel
the 1omranu 4 T., lily Il. " uoni1Olie q
Tie Presdant ~ tha Ros,J Hs
;nr :. ~ ua " act-
ca. on whom oito ,;.,s g sle ON
legal Droceefinps ara;nst tia - any
Section 9d. The ch;act ~ ti;s To..s:s Z. Z.
build own and mainfsn l;na vS q gvpas = .
point 10 he seected IN fha Eost rn,s,. tlyIl .nn
Sahina r;var w;ti,;~ ~. eu , pank Q. tne
Gulf Of Mex;cn thro,"h ~ as, cu l.les .,u u tne
Opeonsas to Ratnn Ponga ~ ,,a;..e ~ u
lectpd IN fhe Wasr honE an tha d. ~ -: ~ se
South of tba M;ssss;nn; ho,,,as Ha.i NlseI
connect with athar az nu,,s,s ias,o nno. anu 70
anv othar hns;nass iss;s 49, -:
that NAV he hnlt nnts;da tho ~ - ~
of Louisiana west Of rho Sab;na nj SsaSo
Pearl Piyer TO aise hn;ld hy .Ia iea sassui ~. .e
erwise obtain branches 70 a,, ns;n. Z, osa
confines of the STATE of onS;onpa ps'n. ana .. '1e
lease any complete or incommlete iina ntra;I n
road that NAV snbserve the nnrnosa and = ;nnn1
porate the same in the main i;ae ~ Ju ta i1Io ~,
panv. " 'Ao oo'n,
Section I'd The Can;taI stool, o,.t,;, ro..,.,.
ny eball consis. os AZ ;,o u, sn.'
into ffty Thousand shares nf nns h,,nd raJ Jei
lars each within one week aft, The aSn,rot;o,,
NJ the coal Il Ia,,s ;nodantaI =. a.iun IVY,
ication ef this Gharter shscr,,sa IL sano anu pup
b. opened AZ Ration Ponca ,,ndar a;"no.;s ons may
three Commissioners ~ ha onn,;n+a.i ~ ~. "a
inafter directed and sa;d opp,pr,;.a;,. I,,
REQUIRE M the time nf snhsc,;nt;"n tl,nt ena aai
subscriber nav the ann of "na ner cs,,a sna' eaon
the amount Subscribed bv him Tho baia,aap apvn ~
5e paid upon calls made at intarvols m"t i.So ~
THAI ninety davs anart A. tba closa - th.as
days. If at least one bundred thomsand aoilars
Shall have been subscribed tho s.;d cn,y,s;n
sioners shall order an election to take nlana nr
the hfth day thereafter mot counting das noni
for seven Directors who shall after THAR oro. :,
ization, deal directly with said snhscr;iors 4,
the settlement of their subscriptions ;ssninr
call by regular resolution. No atockboldar sba Il
be responsible for any debt or LIABILITY Of the
Company to more than the extent Of his smh. nh !
scription, this extent being limited bv this nro.
due. Il subscriber NAV tender q full ral;n"n;sh
ment of amonnt already paid Nv him. and ann |
render all claims for Stock. or he NAV tender
sncb additional ann "a 10 pnard - 2,.. ao.ucI
nav agree to accent and 70 issue fnry naid ~,
certificates of Stock for amount of ORIGINAL ,ar |
on amount paid in response TO any nrior
calls, all added tn amount in addition tendered
aud accepted by the Board of DIRECTORS Tho
Board of Directors upOn recent of tend4r NJ |
REIMBURSEMENT from anv subscriber in rasnans -.
to call, shall release said subscriber from al
and ut their option forfeit and
erase said subscription or sell ofter ten ,iars |
notice, said Stock at auction for what IL viii |
bring, entering the purchaser s name in lien If
the original subscriber aud issuing to said nur.
chaser certificates for full amount of ORIGINAL |
said purchaser To hav, and w i ~
said stock in its entirety without further nav. |
ment. In case of erasure and forfeiture tba
Stock so declared erased aud forfeited win he
merged into the account of unsubscribed and
unissued Stock. 1t is understood that Stock |
paid for in mart or in full shall he liaha
to this Company I. r it's pro rata of tavas ,s;S
by the Company. and that if after fen davs mn.
tice said per centage is not paid said Stock NAV
be sold at auction without appraisement to sat.
isfy, in part or whole. the pro rata due mon If
The Commissioners appointed TO omen the ami.
scripti0n books, and supervise the first election
Of Directors, are w. G. Randolph. n. Way and
George Henderson, or in default of any one or
more not serving any subscriber or snhscrihars
to this Charter NAV fill the place or nlaces moda
vacant. -aNo
Section 4th The number of Directors of this
company shall be seven, all of whom shall be
in the COMPANY. At their f;rat
meeting one of their number shall he elec,aa
President. who, with the Board will serve mil
the first Monday of May 1889. or nntil their
successors shall be elected. And annnaiIv
thereafter, after this davis advertisements an
election shall be held on the first Mondav in
April, for seven directors. ANY vacancy In +h.
Board shall be filled by the Board of DiTectors
The Board of Directors shall elect all 9th. of,;
,ers of the Company and fix their salaries and
shall have the general management and control
)f the affairs of the Company.
Section 5th. This Company shall exist nine.
;y.nine years, unless sooner placed in liauida.
lation by it's Stockholders who ia ordar ~
place the Compauy in Eonidation sb.i, moo,
lfter thirty days notice elect three StockhnJ
rs Commissioners of L,o,idaton nrny;Jaa
he vote of twO-thirls of the Stock shall he cast
n favor Of liquidation and for the Commission.
RS, who shall have full mower IN leoaIlv ond
,quitably liquidate the affairs of the GSmnomu
The affairs of the Company shall he ,iHn;d TOD
n the same manner at the expjration of the
Jharter provided in the case no cali ;s rennireS
md the three Commissioners NAV be elected nv
majority of the Stocx voted ,non tho Gr:,
Monday Of the last month preceding the 1 nins' inc
y.ninth year from the date Of the record Of this
jharter. ~