The Ouachita telegraph. [volume] (Monroe, La.) 1865-1889, 1888-06-02
LEGAL ADVERTISEMENTS.

advisable and eNpedient, beginning, how
ever, at the city of Monroe. in the parish
of Ouachita, Louisiana, and running thence
through such parts of tho parishes of Qua
chita and Caldwell in Il Southerly direction
as may DO selected, to the town of Column
bla. Thence from the said city OF Monroe
III Il northerly direction through such por-
tions of the parishes of Ouachita, Union and
Morehouse as may DO determined upon to
the town OF Hamburg, in tho county of
Ashley and State OF Arkansas.
Sec. TO locate, construct, lease, own
operate, maintain and use such branch tel
ephone and telegraph lines us II inajority of
the directors OF said company may from
time 20 time deem proper, eNpeaient and
for the interest of said company. Said
company shall not DO restricted in the eN-
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
wit h any other line or lines in such other
States as shall authorize the exercise of SAID
privilege within their limits; and said COM
pauy shall have the right to acquire by eX-
preparation such property as 1t may require
for its purposes; and to receive such tolls
and charges AS may from time to time be
fixed by tho 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 the Same aud to have
~,
upon any waters, water cources, lake, bay,
inlet, street, highway, turnpike or canal,
which its said line may pass along, inter-
sect, touch or cross.
Sec. 5-Io borrow money, to purchase or
lease property on its own credits for the
purpose OF constructing and maintaining said
telephone and telegraph line and branches
or establishing continuous OR connecting
lines as herein before provided,
ARTICLE IN.
/. All legal process shall DO served upon
1,n 1t.
secretary. treasurer or general attorney of
ARTICLE v.
The amount of capital stock of this COR
poration shall DO the sum of ($6.0OO COY six
thousand dollars. consisting of u2OO) twelve
hundred shnres Of $50 COY fifty dollars zach
par value.
Tho time and manner of payin. subscrp-
tons for stock of this corporation shall 6c
determined by the board of directors: OK
cept that no stock shall DO issued by this
company unless it be for services rendered
or for money or property actually received
or for labor done.
ARTICLE VII.
In event OF failure on tho part of any
subscriber to pay tho whole or any port ion
of his subscription at the timo or times or
in the manner fixed by tho directors, the
shares of stock so subscribed for II nler srcl
subscription and all payments matio there
utder shall be forfeited to the company
without any further action on tho part Of
INC company; phb all liablllty OF said sub
scriber to said company by reason of such
unpaid subscription shall, upon such for
felture, cease.
ARTICLE VIII
Until such forfeiture no stock holder shall
DO held liable or responsible for tho con-
tracts, faults or obligations OF said company
in 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 com
posed Of five stock holders TO be elected an
nually on the first Monday i'll December of
each year, and in such other officers and
agents as may from time to time be APP
pointed by said board. In event the annual
election above referred to does not take
place tho existing board OF directors shall
continue to exercise tho functions of office
until their successors are legally elected
and qualified. Upon the death, resignation
or other disability of any officer or director
the remaining directors shall have power to
fill the vacancies caused thereby. The di-
rectors shall elect one OF their mem Der to be
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 Secrc-
tary and treasurer may be combined in one
person. Said directors shall have power to
mako and prescribe such bylaws, rules
and regulations for the government of tho
company AS they may deem advisable and
shall have power to alter, amend or revoke
the same from time to tln,e as tlley shall
see fit. An election for directors shall DO
by ballot and every stakeholder shall DO
entitled 10 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 general meeting of the Stockholders
convened for that purpose with consent of
three-fOurthS of the stock of the COMPANY
and upon Il vote of two thirds of tho stock
company represented at such meeting and
in event of such dissolution, the liquidation
shall be conducted by three commissioners
elected by ballot at such meeting; at the
termination of this charter tho liQuidntion
shall be conducted by similar board of
commissioners to.hc in tho same way elect
ed at general meeting OF the stock holders
convened for that purpose.
Tho first board Of directors of this corpo-
ration shall be composed of Moses Elder.
X. Il. Blanks, G.. A. Singer, +. q. Hudson
and John +. Parker, In testimony whereof
we the said parties horeunto sign our names
in the presence of IL. II. Russell and JOS f.
Mcclure, witnesses of lawful ago and DOM
icii. who together with said parties sign
their names hereto before Austin Green,
Clerk Of 5th judicial District Court and
Ex-ofiicio Notary Pablo, within and for
said parish. EraSureS and interlincations
made before signing.
+. G.. HUDSON,
RORT. J. NELSON.
S. MEYER
a. B. SHOfIARS,
FRANK u. STIEHS
JOHN .PARKE Err