The Ouachita telegraph. [volume] (Monroe, La.) 1865-1889, 1888-05-26
LEaAL ADVERTISEMENTS.

chita and Caldwell in y sotitherly directi ion
"a may be selected, to the town of Column
bia: Thence from tho said city OF Monroe
| tions of tho parishes OF Ouachita, Union and
Morehouse AS may be determined upon to
| the town Of Hamburg, In tho county OF
Ashley and State OF Arkansas.
Sec. 2-To locate, construct, lease, own
operate, maintain aud use such branch toll
ephone and telegraph lines ~ a majority OF
the directors t' Of said company may from
for the interest of said company. Said
company shall not be restricted In the ex-
ercise of these privileges of to or concern
ing either of said branch lines to tho State
OF Louisiana but may connect its main line
with any other tine or lines iii such other
States as shall authorize the exercise Of said
pany shall have tho right to acquire BY ex-
preparation such property as it may require
for its purposes; and to receive such tolls
and charges as may nom tune to time be
fixed by the directors OF said company.
Sec. $40 obtain and receive by pur-
chase, grant, gilt, devise and bequest both
real and personal property to have and to
hold such real and personal property for
the objects. purposes, intents and business
OF said company.
Sec, ITO construct and maintain its said
line or any part Of tho same and to have
the right Of way therefor across, along or
upon any waters. water cources, lake, bay,
inlet, street, highway, turnpike or canal,
which its said line may pass along, inter-
Sec. $40 borrow money, to purchase or
lease property on it's own credits for the
purpose OF constructing aud maintaining said
telephone and telegraph line and branches
or establishing continuous or connecting
lines AS herein before provided,
ARTiCkEiV. d.
All legal process shall he served upon
the President. or in his absence, upon the
secretary, treasurer or general attorney Of
said corporation.
ARTICLE v.
H1,on -.
poration shall be the sum OF 6,OO0 OO} six
Thousand dollars. consisting OF 2DO) twelve
hundred shares of $50 Oo) fifty dollars each
par value. ---...- 8.
The time and manner of paying subscrip-
lions for stock of this corporation shalt lie
determined by the board Of directors; ex-
cept that no stock shall he issued by this
company unless 1t be for services rendered
or for money or property actually received
or TOR labor done.
ARTICLE VII,
In event of Il failure on tho part of any
subscriber to pay the whole or any portion
of his subscription at the time or times or
IN IN the manner fixed by the directors, the
subscription and all payments made there
under shall be forfeited to the company
without any further action on the part Of
scriber to SAID copanY by reason @ sa os s sS
unpaid subscription shall, upon such for
ieitura, ceNSe.
ARTICLE VIII.
Until such forfeiture no stock holder shall
be held Liable or responsible for tho con-
tracts, faults or obligations OF said company
III any further sum than the unpaid balance
to the company on shares owned by him or
her. =.
ARTICLE IN.
The corporate powers Of this company
shall be vested in a board Of directors coni-
posed of five stockholders to be elected an
nually on tho first Monday in December of
each year, and in such other officers and
agents as may from time to time be APP
pointed by said board. tn event the annual
election above referred to does not take
place the existing board OF directors shall
continue to exercise the functions OF office
until their successors are legally. elected
or other disability of any officer or director
the remaining directors shall have power to
fill the vacancies caused thereby. The di-
President and may elect from themselves
or appoint from others outside of the di-
rectors one person to DO secretary and an
other to be treasurer OF said company, or if
tho board of directors SO desire, the secre-
tary and treasurer may be combined in one
person. Said directors shall have power to
make and prescribe such bylaws, rules
and regulations for the government OF the
company AS they may deem ad yisable and
shall have power to alter, amend or revoke
the same from time to time as they shall
see tit; An election for directors shall be
by ballot and every stockhoider shall be
entitled to one vote in person or by written
proxy for each share of stock owned by
him. Three directors shall constitute q
quorum for the transaction of business.
ARTICLE X.
This charter may be modified, altered or
amended OR this corporation itself dissolved
at q general meeting Of the stockholders
convened for that purpose with consent of
three-fOurthS of the stock of the cOmpanv
and upon vote OF two-thirds of the stock
company represented at such meeting: and
in event of such dissolution. tho liquidation
shall be conducted by three comm issioners
termination OF this charter the liquidation
shall be conducted by a similar board of
commissioners to:Ee in the same way elect
ed at general meeting of the ckholders
convened for that purpose.
The first board Of directors of this corpo-
ration shall be composed of Moses Elder
X. b: Blanks, q. A. Singer, +. q. Hudson
and John =. Parker. In testimony whereof
we the said parties hereunto sign our names
in the presence of Ii. II. Russell and JOS. l..
Mcclure, witnesses of lawful age and dom
icii, who together with said partios sign
their names hereto before Austin Green
Clerk Of 9Th Judicial District Court and
Ex-ofIicio Notary Public, within and for
said parish. Erasures and ntsrIneations
made before signing.
i. G. HUDSON,
ROBT. J. NELSON,
s. MEYER,
a. i. SHOI.AR
FRANK =. STUDIES,
JOHN =. PARKER,
q. A. SINGER.
Attest:
II. IT. RUSSELL,
Jos. f.. MCGuIRE.
AUSTIN GREEN,
Clerk 9Th District Court and FIX otficio No
tary Public.