The Ouachita telegraph. [volume] (Monroe, La.) 1865-1889, 1888-07-14

DE TT KNOWN, THAT ON THIS
- twen;y-sixth dayeof June i'll tho Year
one thousand ,,ss eight hundred and eighty
Deputy Clerk and oN-otlicio Recorder and
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
named and undersigned, personally came
and appeared the persons whose names are
awaiting themselves of the provisions of
tie general laws of this State relative TO 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
CORPORATION under the following stipuia-
tions and agreements, which they adopt AS
their Charter, to-wit:
ARTICLE L.
Said corporation shall be known and de-
Sguated py the title OF ''MOnroe Trans
port.,tion Company" its don,cfe shall he
in tho city Of Monroe, La, and it shall
exist and enjoy succession for period of
ninety -nino years from the da! Q hereof I'M
less sooner dissol we'd.
The President of the corporation. or i'll
his absence the Vice-Prcsident, or in the
absence Of both, the Secretary, shall be the
| officer upon whom all citations and other
legal process shall be served.
ARTICLEII
Tho 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 NIissis-
Sippi, Red, Ouacllta rivers and their tribu-
| taries, ana thereafter to use, operate, own,
enjoy, sell, mortgage, cucumber and dis
| pose OF steamboats, and other water crafts,
! to construct wharfs, landings, warehouses;,
warfboats and ELEVATORS, for its own use,
| or for elevatin2, storing handling the
| freight OF other steamboats, or transpora-
! 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
| 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
whartboats, and receive such compensation
therefor as may from time to time be es
Etahlished By The officers of said company,
| to sue and be sued. and further to do all
| acts necessary and convenient in tho judg
ment Of the officers and directors OF said
| company for the welfare and business of
! said company.
| ARTICLE Ill.
Tho 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
the time OF su description. The said capital
stock may be increased to !, sum not ex-
ceedirg twenty-five thousand dollars on
compliance with existing laws.
ARTICLE ".
All the corporate powers of this COM
pany shall be vested in and exercised by Il
board of directors to be composed of eight
stock holders:
LID. McLain, j. NJ. Rabun, L. Drummer, J
D. Winberly. w. II. Williamson, NJ. l..
Meredith J. p. Parker and w. p. Ron wick,
agent, with the said l.. D. McLai'l us Presi
dent and Treasurer, J. NJ. Rabun Vice
President and NJ. l.. Meredith Secretary;
shall compose the fist Board of Directors
and officers who shall hold their Office I'M
| til Z, Of Tnl an,ln 4
their SUCCESSORS shall have been duty elect
ed and qualified, on tho first Monday of
July 1882 and on the same date annually
thereafter an election for directors shall be
held at tho office of the company: "a ma
jority Of votes cast shat! elect, each share OF
; stock being entitled to one vote, either in
person or by proxy ali elections shall he
by balits any vacancy occurring on said
board from any cause whatever shall be
filled by the renIairring directors.
| ANY failure to elect directors at Il general
r meeting Of the Stockholders shall not dis
solve the company but the directors then
in office shall continue to exercise their
' function untl a now hoard j. elected, tour
members of said board shall ,0ist illre :,
quorum for tie transaction of all business,
said board of directors shall have The right
to adopt Such by laws, rules and rcgulH-
tous for tho transaction and management
ofthc business and affairs of said corporal
ton us may bo necessary and proper ana to
make and use It corporate seal with such
I inscription and device RS they may select
and shall elect President, Vice President,
Secretary and Treasurer, and all other Off
GERS necessary i'll tho transaction of the
business OF tho company.
. ARTICLE.
This charter may he altered or amended
5 or this corporation dissolved by Il vote OF
three fourt lis Ofthe stock present or repre-
Scntcd mt meeting Of tho stock holuers,
convened for that purpose after fifteen days
written notice shall have been given TO
each stock holder or his duly authorized
rcprcScntive by the secretary To be icii at
his place of business or residence or Sent to
; him by mail or the said notice may bo
given at the option OF the president, by
, 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 tho vice president, ut any time.
upon similar notice.
r III the event of the dissolution or nj the
termination Of this charter. tho liquidation
OF the affairs OF the company shall be con
dGcted by TWO commissioners to be eject +i
by ballot at Il general meeting of tho stoci>-
holders convened for that purpose, It uIa-
jorily vote Ofthc stock present or represent
) ed shall elect. The COnlNiSsiL ncrS thus
elected shall ut once proceed to settle and
wind up the business OF Tho corporal ION,
7 sci. or Otherwise dispose OF its assets ana
l after paying it's liabilities distribute the ex
cess prorata among the Stockholders
: should either Of said commissioners die Oh