The Ouachita telegraph. [volume] (Monroe, La.) 1865-1889, 1889-01-12
LEGAL ADVERTISEMENT.

property, to issue its corporate bonds or
Promissary notes, bearing lnt0rest as suol,
and made payable in gold coin, or In the
lawful money OF the United States, ct suol
| times and places AS may be doeMed mose
to the a sdvsntage OF the corpora.ion and for
| notes, to mortgage and pledge It's railroads,
its capital stock, its corporate franchises,
its privileges, and any or all Of its real and
personal property.
ARTICLE ".
All citations shall be served upon the
President. or in his absence upon tho &c.,
rotary, Treasurer. or General Attorney, or
such other officer a. the President nay
designate.
ARTICLE v.
stock OF aaid corporation shall b Five
Hundred Thousand Dollass, CONSISTING Of
i've thousand shares OF the par value ofOno
Hundred DoltarS each. 81
time Of subscription. otherwise the time
aud aud manner Of psying, suh:sriEston for
DIRECTORS; except that no stock or b0ads
shall b issued bv the company, u1laDs Il
Oe for servicea rendered. or for mercy Or
a sa@ee''y actually fe''l''a' or tor las'r
Sec. ,. In case OF failure on tho part OF
any subscriber to pay the whole or a1y
p tue %. ns ss Sy the ~ ss :s
shares OF stock 30 subscribed for, under
such suhscription. and all psyments thers-
fore made therennder, shsll 10 forfeited 10
tho part OF the company; but the liability
Of the subscriber for the unpaid balance Of
his subscription to the htock of the com-
be responsible for the whole, unless after
tho payment of fifty. per cent. OF the stsok
subscribed by him, tho company shall grant
hoidsr sh ,of s Sspa DsIs no
for tho contracts and faults OF the Company
IN any further sun, than the unpaid bal
ance or balances due to the company On
ahares owned by him or her.
ARTICLE VI.
The active construction Of the railroad
herein provided for, shall begin when o.
much ~ Sevcnty-fve Thousand Dollars
have bssn subscribed to tho capital aSsck
ARTICLE VII. Fe
Section J.. The corporate powers OF tAs
company shall be vested In Board OF ID.
be elected in accordance with the Bylaws
or the company, and in such other oaio0eu
and agents N may from time to time ~
appointed: .p ed by such Board. No person saall
OF at least five shares OF tho capital staek -
said company. Directors shall BE- Aessee
annually, but in case any such aA1nal
the directors In office shall continue there's
until others are elected to I'LL their plao0.
Upon the death, resignation, or Other dts
manning directors shall have power 70 al
tho vacancies caused thereby. The lirGD-
tors shall elect one OF their number - -
President Of said corporation, and aeothAr
70 DO Vice President, and may eloet H0D
themselves. or appoint from othors oat0i0o
81 tha directors one person to be 0eof0013,
aud another person to be Treasurer Of IL
to make and prescribe such By Is0vU. ral0
ahd regulations for tho government Of che
company as they may dseln advisable, 80
,s .s o , to alter sd
shall see 1T. until their successors Ge
elected mt the first annual meeting hsraa-
after provided for. Tho Board Of Directors
sons, to-wit: +. r. St,,bbs. Fred. Nndo0,
A. j.. Sholars. u. Millssps, J. r. rarkse, J.
EndickIr, Z. J. Nelson, r. N. Conner. Q.
once Organize by eiccting the officers here.
In provided tor.
Soc. 2. An election for directors shall DO
by ballot, and every stockholder shall Do
entitled 10 one vote, In person or by proxy.
for each share of stock owned by HIN Tor
~ leaat thirty days previous to said sles-
Sec. ;. Five directors shall constitute
quorum for tho transaction OF business.
Soc. 4: Tho annual meeting for the sise-
tion OF directors and the transaction OF such
ess shall held on sEs rae. -.
ARTICLE VIII.
This corporation may DO dissolved at 4
general meeting OF tho tockhollsrs, osD-
venod TOR that purpose with tho CONSIST ~
three. fourths OF the stock OF tho company,
and upon tho vote Of two-thirds ofthe ssock
represented Ct such meeting; and In oaes 81
such dissolution, the liquidation shall -
conducted by three commissioners elsstea
BY ballot at such meeting; ut tho termipA-
ton OF this charter the Liquidation shalt ~
conducted by q similar board OF three osa-
missioners, to be In tho same way elected
At q general meeting OF the stock holders
convened for that purpose.
In testimony whereof, tho aforesaid par
ties have hereuHt0 subscribed their names
in the presence of II. II. Russell and G. n.
Trousdnle. witnesses OF lawful age ana
domicil, aud me, said deputy clerk and e.
o6f1o Recorder and Notary Public. VIE
hereunto sign my name and afllx my seal
OF Office on tho day and date first abSvs
written.
determinations. insertions and erasarss
made before signing.
NJ. J. DUTY. Shares.
FRANK p. STUBS, 10
A. Is. SHOLARS, 10 %
T.. ENAUT. 3 -