The Ouachita telegraph. [volume] (Monroe, La.) 1865-1889, 1888-12-22
LEGAL ADVERTISEMENTS.

for tho purpose of constructing and main
talninG said railroad and branches, or es-
a. heretofore provided; and as evidence 0.
the Indebtedness OF said company for said
loans, or tho purchase or lease of such
psopsrsy: to issue Il. corporate bond. s or
rate per anMum ~ the directors may elect,
and lnade payable In gold coin, or ia the
lawful money OF the United States. at such
to the advantage of the corporation; and for
securing tho payment OF said bonds or
notes. TO mortgage and pledge liz railroads.
Its privileges, and any or all. Of It's real and
personal property.
ARTICLE ~.
All citations shall be served upon the
President. or in his absence upon the Sec
retcry, Treasurer, or General Attorney, or
designate.
Section I; The amount OF the. capital
stock Of said corporation shalt bs Five
Hundred Thousand Dollars, consistng OF
Hundred Dollars each. ~
.eri6sd, shsii s. due and payable at the
time OF subscription. otherwise the time
sock shall be deternainsd by the Board Of
Dirsoton; except that no stock or bontls
shall bo issued bv the company, unless it
done. " "
Sec. 3. In cese Of q failure on the part Of
lie At s1s times.
In the manner axed by the directors, the
shares Of stock 10 subscribed for, under
such sa.scr,psion. and al psyinen.s there
the company without any further action on
tho part Of The company; but the liability
Of tho subscriber for the unpaid balance Of
pauy. shalt not cease or abass, but he shall
DO responsible Tor the whole, unless after
tho payment Of atty. per cant. Of the stock
'S
holder shall be held liable or responsible
for tho contracts aud faults OF the company
IN ma any y. f9Iths. sa.n than the unpaid bal
shares owned by him or her.
r- ,.r ARTIcLE vi. +sr ,.
The active construction of tho railroad
herein provided for, shall begin whom ~
much - Seventy-fve Thousand Dollars
have been subscribed to the capital stock
OF the company.
ARTICLE VII.
Section 1. The corporate powers Of the
company shall ba vested In Board OF Di-
rectors composed OF eleven stockholders, to
ths IN nc .' with the
and agents as may from tune to time be
appointed by such Board. .Noperson shall
be Director who is not the actuai owner
said company. Directors shall be elected
annually, but in case my such annual
meesiug Is not held 1t tho time appointed,
until others are elected to I'LL their places.
Upon the death, resignation, or other dis
ability Of any officer or director, tho re-.
.mas ma directors shall haye power to fill
tors shall elect one of their number to be
PRECEDENT of said corporation, and another
to DO Vice.Prosident, and may elect from
9 sns or appoint from Others outside
and another person to be Treasurer Of the
company. Said directors shall have power
| to make aud prescribe such By Laws, rules
company as they may deem advisable, and
shall have the power to alter, amend and
revoke the same from time to time as they
after provided for. The Board Of Directors
shall consist Of the following named per-
sons, to-wit: +. Z. stubbs. Fred. Endonl,
Fuiickar. Il. J.. Nelson, r. N. Conner, s.
Meyer, L. Enaut and I. Baer, who shalt at
once organize by eiecting the officers here
Sec. 2. An election for directors shalt be
by ballot, and every stock holder shall be
entitled to one vote, In person or by proxy,
TOR each share Of atock owned by him for
ct least thirty days previous to said cleo
| ton.
Sec. 8. Five directors shall constitute a
quorum for the transaction OF business.
Sec. 4. The annual meeting for the cleo
ton of directors and the transaction or suci,
business as may DO brought before tho
meeting, shall be hold on the second Tues
day in the month Of May OF each year.
ARTICLE VIII.
This corporation may DO dissolved nj a
general meeting or tho stockh holders, con :
vcned tor that purpose with tho consent Of
three-fOnrths Of the stock OF the company,
and upon the vote Of two-thirds OF tho stock
represented ut such meeting; and in case Of
| such dissolution, the liquidation shall be
conducted by three comm issioners elected
| by ballot at such meeting: AT the termina-
ton OF this charter the liquidation shall be
conducted by . similar board OF three com
missioners, to DO in the same way elected
| ut a general meeting of the stockholders
convened for that purpose.
In testimony whereof, The aforesaid par
Tics have hereunto subscribed their names
| In the presence OF II. II. Russell and G. Ii /.
Trousdale. Witnesses of lawful age and
domicil, and me, said deputy clerk and en-
e8ieio Recorder and Notary Public, who
herennto sign my name and afIlx my seal
OF Office ON The day and date first above
written.
Interiinsations. insertions and erasures
niRde before signing.
| NJ. J. DUTY, l Shares.
FRANK r. s.rU BIS, 10
A. u. SHOLARS 10