The Ouachita telegraph. [volume] (Monroe, La.) 1865-1889, 1888-07-28

LEGAL ADVERTISEMENTS.
CHARTER
Monroe Transportation Company.
STATE OF LOUISIANA, PARISH OF
oUACHIlA, CITY OF MONROE.
DE IT KNOWN, THAT ON THIS
II twenty-sixth day of June in the year
one thousand eight hundred and eighty
eight, before me, Webster a. Myatt,
Notary Public in ana for the Parish OF
Ouachita, State of Louisiana, duly COM
missioned and qualified, and in the
named and undersigned, personally came
and appeared the persons whose names are
he ounto subscribed, who declared that
the general laws of this State relative to the
organization of corporations for works OF
public Improvement, etc., they hays cove
mated ma tsa: and agreed to and by these present
corporation under the following stipula-
tons and agreements. which they adopt AS
their Charter, to-wit:
ARTICLE J.
Said corporation shall be known and de-
signated by the title OF Monroe Trans
in the city Of Monroe, La, ana it shall
exist and enjoy succession for a period of
ninety -nine years from the date hereof un-
less sooner dissolved.
The President of the corporal ion. or in
| his absence the Vice-President, Or in the
absence Of both, the Secretary, shall he the
legal process shall be served.
ARTICLE II.
The objects aud purpose of this corpora
| and otherwise acquire, one or more boats
to run from Monroe to points on Missis-
sippi, Red, Ouachita rivers and their tribu-
| tarieS, and ther eater to use, operate. own
enjoy, sell, mortgage, cucumber and dis
pose OF steamboats, and other water crafts.
| to construct wharfs, landings, warehouses,
or for elevating, storing handling the
! freight of other steamboats, or transporta-
ton companies or for any person. to trans
port freight ana passengers ;ggss; by steamboat,
| Ouachita Rivers and their tributaries, and
| to receive therefor such compensation as
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 as may from time to time be es-
| tablished by the officers of said conn any,
to sue and be sued. and further to do ali
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 ut
| tho time OF su bscription. The said capital
stock may De increased Ge to sum not OK
| compliance with existing laws.
| ARTICLEIV
pany shall be vested in and exercised by u
board of directors to be composed of eight
| stock holders:
D. Wimberly: W. II. Williamson, NJ. l..
Meredith, J. p. Parker and w. r. Kenwick,
agent, with the said l.. D. McLail as Presi
President and NJ. l.. Meredith Secretary,
shall compose the first Board of Directors
and officers who shall hold their Office an
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 be
held at the office of tho company: Il ina
| jority Of votes cast shall elect, each share OF
stock being entitled to one vote, either in
person or by proxy; all elections shall he
by ballot; any vacancy occurring on said
board from any cause whatever shall be
filled by the remaining directors.
| Any failure to elect directors at q general
meeting OF the stockholders shall not dis
solve the company but the directors then
in office shall continue to exercise their
function until new hoard is elected, four
members Of said board shall tonstiture a
quorum for tie transaction of all business,
said board of directors shall have the right
to adopt such by laws, rules and regula-
tons for the transaction and management
Of the business and affairs of said corpora
ton as may be necessary and proper and to
mako and use corporate seal with such
inscription and device AS they NAV select
and shall elect President, Vice President
Secretary and Treasurer, and all other offi-
GERS necessary in the transaction of the
business of the company.
ARTICLE V.
This charter may be altered or amended
or this corporation dissolved by a vote of
three fourths of the stock present or repre-
scented at a meeting of the stockholders
convened for that purpose after fifteen DAYS
written notice shall have been given TO
each stakeholder or his duly authorized
representive by the secretary to be left at
his place of business or residence Or sent to
him by mail or the said notice may be
fifteen days publication thereof in one Of
the weekly newspapers of the city of Mon
roe.
Special meetings of the stockholders may
be called by the president or in case of his
absence by the vice president, at any time,
upon similar notice.
In the event of the dissolution or at the
termination ofthis charter, the liquidation
of the affairs of the company shall be con-
Quoted by two commissioners to be elected
by ballot at general III Getting of the stock
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