The Ouachita telegraph. [volume] (Monroe, La.) 1865-1889, 1889-04-13
NEW ADVERTISEMENTS.

Sec 80 obtain by grant or otherwise,
from any Parisl, City village or county any
and subsiders that any OF said parishes
counties citie~"r villages, may choose to
grant in reference to and aid OF the con-
struciion maintenance management and
use of the railroads of said company its
depots, cars, locomotives, and its business
within the limits OF each and any of snch
parishes counties cities and villages.
Sec. lO.--To iexpropriate according to
existing or future laws all property that
may DO necessary to carry out the purposes
OF the company.
Sec. Ito cross, intersect, join and
unite its railroads and branches with any
other railroad heretofore or hereafter con-
oth"r state or at any point upon its route
....d upon the ground OF such other railroad
with the necessary turnouts Switches aud
other conveniences in furtherance Of the
objects of its connections.
sec. l2.-To purchase from any railroad
company or corporation ut any authorized
apIurtenances and to lease any railroad its
| franchises property privileges and appur-
| tenancss and to maintain tile same As part
| of tue property of this company.
Sec. l3.-'ro borrow money or to pur-
| chase or lease property on its own credits
| for the purpose OF constructing and main
tanning said railroad and branches or e=. :
| tabtishing continuous or connecting lines
| as heretofore provided; and as evidence OF
| The Indebtedness OF said company for said
loans or the purchase or lease OF sticii pro-
perty. to issue its corporate l'Onds or pre-
| nlissory notes bearing interest ut such rate
per annum AS the directors may elect and
made payable in good coin or III lawful
| money of the United States at suci, time
and places as may be deemed most TO the
advantage of the corporation; and for se-
culing the payment of said bonds or notes,
to mortgage and pledge its railroad its
capital stock its corporate franchises, its
privileges and amy ant: all Of its real amt
personal property.
ARTICLE ".
All citations shall be served upon the
| President or in his absence npon such her
officer as tho President may name and
designate.
ARTICLE V.
Section 1.-The amount of the capita,
STOCK of said corporation shall bs five h,,,i-
dred thousand dollars, consisting Of five
thousand shares OF tho par value OF ons
hundred dollars each.
scrihed shall be due ana payable at the
time of subscription. otherwise time and
manner OF paying subscription for stock
shall be determined by the Board OF Direc-
tors except that no stock or bonds shall le
issued by the company unlesss it. he for
|; services rendered or for money or property
actually received or for labor done.
Sec. :;.-1n case of failure on the part OF
: any subscriber to pay the whole or any
portion Of his subscription at the Time ar ia
The manner fixed by the Directors the
shares OF stock so Subscribed for under
,, such subscription and all payments here
tofnre made hereunder, shall be forfeited
on the part of the company, but the liabii-
ity of the subscriber for unpaid balance of
his SUBSCRIPTION to the stock OF the colnl,s-
responsible for The whole unless after the
payment OF fifty per cent OF the stock sub
scribed by him the company shall grant u
holder shall DO held liable or res pousiLl.
., for the contracts and faults OF the COM
r",ny III any my further sum than the unpaid
:. sciibcd for or owned by him.
: ARTICLE VI.
V Tho active construction of The railroad
u herein prescribed for shalt be. IL as SOON u,
: fifty Thousand dollars shall have been snL
+ scrlhed /" the capital stock Of The company.
I, ARTICLE VII.
a Section 1.-The corporate powers of the
q company shall be vested in i Board OF III
rcctors composed of nine stock holders I,
be elected in accordance with the bylaw.
of tho company, II majority of whom shall
Il constitute Il quorum. and in such other
q officers and agents IA may from time ia
time be appointed by such board. Direct
ors shall no elected annually, but in ease
n such annual meeting is not held AT the
time appointed, tho directors lit Office shall
4 continue until others are elected to ill
q their places. Upon the death resipuatio,,
} or other disability the remninin: Directors
$ SHALL have power to fiji the vacancies
6 caused thereby. The Directors shall elect
II one oftheir number 10 be President OF said
+ corporation and another to be Vice Pre,i-
# dent, aud may elect from themselves or
T. appoint fr.in others outside OF the Direct
VI ors o::c person TO DO Secretary and auol n.
s person to he treasurer of the COMPANY rr
: may combine said officers in one and !, ns
If same person il they think proper, said
h Directors shall have power to make AMI
Il prescribe bylaws rules and repu lat ion,
o for the government of he COMPANY IA thav
4 may deem advisable and shall have mower
IS to alter, ame:ha and revoke the same from
time to time rs they shall see it, unt;i
), their successor are elected at the first
l. annual meeting hereinafter provided for
= rho Board of Directors shall consist OF ina
:, following named persons, to-wit L. Mill .
l. sapS. Bon Reynolds, u. a. Rr.urJ Sr
Il +. Parker, Il. =. Stubi,s Fred lfniom
r Edward Jonas Jacob Marx and w "
J. Heard, who shall ut OEce organize by e,.r, .
y ing the officers herein provided Cor
IS Sec An election for Directors shall bs
: by ballot and every stock holder shall IN.
i entitled to one vote in person or hy written
= proxy for each share OF stick owue,t Nv hin,
$ for ut least thirty days previous To sa;t
/ ton of Directors shall be held at the don't;
clio OF he company on the second Tuesday
in the month Of April in each year,
ARTICLE VII.
}, This corporation may be dissolved a,
4 It general meeting OF the stock hol,lsrs
y convened for that purpose with the consant
Z OF three tonrths of he stock q the. co,un,uv
. and upon the votes OF Iwo-thir,}S ur ia.
= stock represented 1T such meetinm and il,
, case Of dissotut the liquidation shall Iva
y conducted 10y three commission srs eleciea
, by ballot at such meeting.
In testimony whereof the aforesaif mar
: ties have hereun,o subscribed their names