The Ouachita telegraph. [volume] (Monroe, La.) 1865-1889, 1888-06-30
NEW ADVERTISEMENTS,
CHARTER.
THE
OF THE
Monroe Transportation Company.
STATE OF LOUISIANA, PARISH OF
ttACUIl \, CITY OF MONROE

DE 1T KNOWN, THAT ON THIS
II twenty-sixth day of June in tho year
one o,t thousand 'ss,nd eight hundred and eighty
Deputy Clerk and cX-otficio Recorder ana
Notary Public in ana for the Parish OF
Ouachita,. State of Louisiana, duly COM
missioned and qualified, and in the
presence OF the witnesses hereinafter
naiired and undersigned, PERSONALITY came
and appeared the persons whose names are
:r.s..ng themselves of the provisions of
the general laws of this State relative 10 the
organization of corporations for works OF
public Improvement, etc, they haye cove
mated and agreed to and by these present
do form themselves into and constitute Il
corporation under the following stipula-
tons and agreements. which they adopt AS
their Charter, to-wit:
ARTICLE
Said corporation shall DO known and de-
sSnated ny the title OF "Monroe Trans
portation CompanN:' its domicile shall be
i'll tho city OF Monroe, La, and it shall
exist and enjoy succession for Il period of
ninety mine years from the date hereof I'M
less sooner dissolved.
The President Of the corporation. or in
his absence tho Vice-Presdent, or i'll the
officer upon whom all citations and other
legal process shall be served.
ARTICLE II.
The objects and purpose of this corpora
ton shall be to build, purchase. charter,
and otherwise acquire, one or more boats
to run from Monroe to points on Missis-
sippi, Red, Ouachita rivers and their tribu-
taries, and thor CATER to use, operate, own,
enjoy, sell, mortgage, cucumber and dis
pose OF steamboats, and other water crafts,
| to construct wharts, landings warehouses,
warfboats and elevators, for it's own use,
or for elevating, storing handling the
freight Of other steamboats, or trans orta-
ton companies Or for any person, to trans
port freight and passengers by steamboat
or water craft in the Mississippi, Red and
Ouachita Rivers and their tributaries, and
shall from time to time be fixed and desig-
mated by the proper officers Of said Com
pany; to receive and store merchandise
and property in its yards, warehouses;, or
wharfboats and receive such compensation
therefor may from time to time be es-
tablishcd by the officers of said company,
acts necessary and convenient in the judg-
ment Of the officers and directors OF said
company for the welfare and business of
said company.
ARTICLE iii.
The capital stock of this corporation is
hereby fixed at the sum Of two thousand
dollars, divided into forty share of fifty
dollars each, payable on demand in cash at
| stock may be increased to a sum not OK
ceeding twenty-five thousand dollars on
compliance with existing laws.
ARTICLEIv.
All the corporate powers of this COM
rany shall be vested in and exercised by a
stock holders
L. D. McLain. J. NJ. Rabun, l.. Drummer, J.
D. Mimber!y; ": 81: Williina ia NJ l..
agent, with the said l.. d. McI.ain rs Presi-
dent and Treasurer, J. NJ. Rabun Vice
President and NJ. L. Meredith Secretary,
and officers who shalt hold their office UNI
til the first Monday of July, 1889, and until
! their successors shall have been duly elect
| ed and qualified, on the first Monday of
July 1889, and on the Same date annually
| thereafter an election for directors shall DO
| held ut the Office of the company: n ma
jorily of votes east shall elect, each share of
stock being entitled to one vote, cit her in
| person or by proxy; all elections shall lie
| 10y ballot; amy vacancy occurring on said
board from any cause whatever shall ~.
! filled by tho remaining directors.
Any Failure to elect directors at Il general
| meeting of the Stockholders shall not dis
solve the company but the directors then
| in Office shall continue to exercise their
| function until a new board is elected, tour
| members of said board shall ,onSt lture a
quorum for tie transaction OF ali business,
| said board of directors shall have the right
| to adopt snch by laws, rules and rer,ila-
| lions for the transaction and management
| of the business and affairs OF said corpora
| ton as may be necessary and proper and to
| make and use 4 corporate seal with such
| inscription and device as they may select,
and shall elect u President, Vice President,
|
| GERS necessary in the transaction of the
| business OF the company.
| ARTICLE V.
| This charter may ho altered or amended
| or this corporation dissolved by y vote OF
| three iourtis Of the stock present or repre-
scented at Il meeting of The stock holders
convened for that purpose after ii cen DAYS
| written notice shall have been given 10
| each stakeholder or his duly authorized
| rcpresentivc Ivy the secretary to be left at
his place of business or residence or sent to
! him by mail or the said notice NAV be,
given at the option of the president, by
| fifteen days publication thereof in one or
the weekly newspapers Of the city Of Mon
| roe.
| Special meetings Of Tho st ockh olders NAV
| be called by the president or in case of his
absence by tho vice president, at any time
upon similar notice.
| In the event of the dissolution or at the
termination ofthis charter, the liGuaatiou
| of the affairs of the company shall be con-
Quoted by two commissioners to- be elected
| by ballot at a general meeting of tho stock
holders convened for that purpose a ma
I iority vote ofthc stock present or represent
cd shall elect. The commissioners thus
elected shall ut once proceed to settle and
| wind up the business of the corporation
sell or otherwise dispose OF its assets and
after paying its liabilities distribute the OK
cess prorata among the stockholders.
Should either of said comm SsionerS die or
| resign. the business and affairs of said cor
poration shall be liquidated and closed by