The Ouachita telegraph. [volume] (Monroe, La.) 1865-1889, 1888-12-08
NEW ADVERTISEMENTS.


for the purpose of constructing and main
tablishing continuous or connecting line
as heretofore provided; and AS evidence O
the fndObtedtSesa OF said company for sale
loans, or Tho purchase or lease of sue!
property, to issue its corporate bonds o.
promissary notes, besring interest at sucl
rate per annum rs The directors may elect
and made payable In gold coin, or In tn,
lawful money OF the United States. At suci
TO tho advantage Of tho corporation; and fol
securing tho payment of said bonds OF
notes, 70 mortgage and pledge its railroads
its capital stock, its corporate franchises,
its privileges, and any or all gifts real and
personal propertv.,aa .fAg 1t .f- t.FS
ai 9sGEu va nAkTIcLE IN. tf4f s,rl-. -
Y All citations shall be served upon the
Preoident. or in his absence upon the Sec
Rotary, Treasurer. or General Attorney, or
such ether officer as the President may
designate. ~. Als u- III - j., J.rs'fs.lt.r :
/, ARTICLE v.1iat:.--. .ssl p.
T. Section l.. The amount OF the capital
stock of said corporation shall be Five
Hundred Thousand Dollars, consisting or
I've thousand shares OF the par value ofone
Sec 2. Ten per cont, Of All stock sub.
time Of subscriptions. otherwise the time
stock shall be determined by the Board OF
Directors; except that no stock or bonds
shall DO issued bv the company, unless 1t
be for services rendered, or for money! or
done.
: Sec. 5. In case Of failure on the part of
any subscriber to pay the whole or any
IN the manner liked by the directors, the
shares OF stock so subscribed for, under
such subscription. and all payments there
f0re made hereunder, shAll be forfeited to
the part of The company; but the Mability
Of tho subscriber for the unpaid balance Of
his subscription to the stock OF the COM
Be fe:ponaibie for the Whole, Unless after sfser
the payment OF finy per cont. Of the stock
suhecribed BY him. the company shall grant
2 release for the unpaid balance. No stock
FOR the contracts and faults of the company
In any further sum than the unpaid bal
ance or balances due to the company on
shares owned by him or her.
.t.... ARTICLE VI.
The active construction of tho railroad
herein provided for, shnll begin when AZ
much ass Sovonty-five Thousand Dollars
have bsen subscribed to the capital stock
Of the company.
ARrIcLE VII.
Section l. The corporate powers Of the
CON, f3any shall DO vested in q Board Of Dt.
rectors composed OF eleven stock holders, to
be elected In accordance with the By Laws
Of the company, and In such other onlcers
and agents as may from time to time he
be Director who is not tho actual owner
ot ut least five shares Of the capital stock Of
satd company. Directors shalt I've elected
annually, but IN case any such annual
meeting Is not held at the time appointed,
The directors in Office shall continue therein
until others are eiec: ed to fill their places.
pom the death, resignation, or other dis.
directors shall have power to I'LL
the vacancies caused thereby. The direc-
tors shall elect one OF their number 10 he
Ere sident Of said corporation, and another
themselves. or appoint from others outside
or tho directors ono person to be Secretary,
and another person to he Treasurer Of the
company g, ,py Said directors shall have power
and regulations for tho government of the
company as they may deeu advisable, and
shall! have the power to alter, amend and
shall ace fit, until their successors are
elected at the first annual meeting herein-
after provided for: The board of Directors
shall consist OF tho following named per-
A. B. Sholars. U. Millssps. p. Parker, Il.
Fndickar, Il. j. Nelson, T. N. Conner, ..
Meyer, l.. Enaut and I. Baer, who shall ut
once organize by electing the officers here
Sec. 2. An, election for directors shall be
BY ballot, and every stakeholder shall be
.ntitied to one vote, in person or by proxy,
loE UtsCu blHIo III SIOUX owned Dy MN Tor
At least thirty days previous TO said cleo
lion.
Sec. 3. Five directors shall constitute n
quorum for the transaction of business.
Sec. 4. Tho annual meeting for the elec-
lion of directors and the transaction OF such
business AS may be brought before the
shall be held on the second Tues
day in Tho month OF May OF eacI, year.
ARTICLE VIII.
This corporation may be dissolved ut a
general meeting of tho stockholders, con-
vened for that purpose with the consent of
hire o fourths of the stock OF the company,
and upon the vote of two thirds OF the stock
at such meeting; and in case of
such dissolution, the liquidation shall be
by three commissioners elected |
by ballot at such meeting; ut tho termina-
lion Of this charter the liquidation shall be |
conducted by similar board OF three COM
to BIO in tho same way elected |
At a general meeting OF tho stockholders
convened Tor that purpose.
Lies have hsreunto subscribed their names
in the presence OF II. II. Russell and &. II. |
Witnesses OF lawful age and
donicil, and me, said deputy clerk and cr-
oticiO Recorder and Notary Public, who
hereuntO sign my name and af1ix my seal
Of Office on the day and date first above
written.
Interlineations, insertions and erasurcs
made before signing.
FRANK p. STU BIS, 10
A. b. SIOLARS, 10 "
/. EN ,s,I % "
=. MEYER 10
T. ENDOM r