The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1891-06-18

- Be it known, that on this, the 18th day of
May, A. D.. 1891, before me, Benjamin +. Fort,
Deputy Clerk and ex-Oficio Notary Public in
and for said Parish and State, duly commits
stoned and qualified, and in the presence of the
witnesses hereinafter named, personally came
and appeared Francis M. Hanks, Jasper B.
Wilmington, Thomas w. w. StinsOn, VIM. B.
Simpson, James T. Many, VIM. Z. Hall, ThOs
NJ Vaughan and Alex. r. Thompson, who de-
clared, that availing themselves of the powers,
rights and privileges conferred by the statutes
of the State of Louisiana, to the organization
of corporations in this State, they do by these
presents form, organize, constitute and found
| a corporation for the objects and p0rpOse as
shall hereafter be enumerated and set forth,
and to that end they do hereby covenant and
agree to form and constitute themselves and
all such other persons as may hereafter become
associated with them into body corporate
for the purpose of constructing, maintaining
ans. operating Railroad and Magnetic TeTe-
graph, on the line thereof from Red River, in
| BOssier Parish, La, to Arkansas line in
nOrtheasterly direction, and such other points
as may be determined hereafter, either by con-
| structiOn or by purchase of any other road al
ready built, or partially built. Said corpora
ton may sue and be sued, have cOEBTu0n seal,
| enact and repeal bylaws, may hold real and
personal property, may make contracts, may
receive grant of land or personal property, and
shah possess all she powers and privileges
| which corporations are or may be by any gen.
eral law of the State, authorized to possess
| The dOmicile of said corporation Is fixed at the
town of Benton, for the present, and shall
have corporate existence for and during the
full term of ninety-nine years from the date
| of the execution of these presents, unless
sooner dissolved in the manner hereinafter
ART1CLE1.
The capital stock of this corporation Is here
by fized at not less than $50 900 90, and shall
not exceed the sum 100000 90.
| ARTICLE 9
| The a1qOuBt of share of said capital stock
| of said Company shall be the sum of Fifty dol
1 lars, and the time and manner of payment for
| stock shall be such as may be determined by
the Board of Directors, to be hereafter elected;
provided, however, that such payments on
said shares of said stock shall not exceed ten
| per cent. thereof at any one time, or be made
| OfteBeT than once every sixty days. The style
end name of this corporation shall be tbs Red
RIVER AND OUACHTTA TIMBER BELT
RAILROAD COMPANY.
ARTICLE 8.
Board of Directors TO be composed of five
stock holders, shall be elected at the first
meeting after adoption of this charter; O ma
50rity of the votes of said stockholders being
| necessary to q choice, and the votes shall
count by shares and not by persons, each be-
ing entitled to vote.
| ARTICLE 4.
Within ten days after a Beard Of Directors
shall have been elected they shall elect one
of their number President, and may elect
Vice President from among themselves to act
as President III the absence of the President.
The Board of Directors shall elect Treasurer,
Secretary and such other officers as may be
deemed necessary. The Directors shall fix the
amount of salary and compensation Of all its
officers and the amount OF securities to be
given by them, ana enact bylaws and regula-
tons to goven them in their various duties.
ARTICLE 5.
The President Of the COsnUauy In &ba oFEnop
designated upon whom legal process may be
made, and such service may be made in per
son or by leaving the same at the office of the
Company at its dOmicile with any of It's officers.
ARTICLE 6.
The President shall have the power TO coll
special meetings of the stock holders whenever
in his Judgment the interest of the Company
may require such meeting or meetings.
ARTICLE 7.
No stock holders shall be responsible or held
HRbie for the contracts of the Company in any
further Sum than the unpaid balances due the
Company on shares owned by him, or shall any
informalities in the organization have the Of
feet OF annuling this charter, or Of q stock hOI-
der to any liability beyond the amount Of his
stock subscription unpaid.
ARTICLE 8.
TIE sFoRk books shall be kept at the Office of
the Company, wBePs certificates saall be iSsu-
ed TO the subscribers bHa no transfer of stock
shall be binding upon the Company until
tifcate shall be issued except for full paid
stock.
ARTICLES
In case of failure on the part of any subscri-
Der 20 pay the installments on his stock as re-
quired, the Board of Directors shall have the
option after thirty days written notice to the
delinquent of fOrfeiting his stock, or the
amount previously paid thereon, and no stock |
holder shall have the right to vote while in |
default.
ARTICLElO-
All rules relative to the declaration of divi- |
bends, or divisions of profits as well as the by
laws of the Company, shall be made by the |
Board of Directors, but said rules and bylaws /
shall be subject to repeal, change or mOdifca- |
ton by the holders Of majority of the stock
Of the Company a # sHHiT meeting.
The said Company is empowered and an
thOrized:
First. To construct, establish or purchase.
and thereafter own, lease maiRtais aud use
suitable wharves, piers, depOts, stations and |
other works and appurtenances connected
and TO run and manage the same as the di- /
rectors Of said Company may deem to be most /
expedient, and to the welfare Of said corpora |
ton.
Second, To take, transport, carry and con- /
vey persons and property upon its said rail- |
way BY steam or other power, and to receive /
iOrsafe keeping and TO store merchandise and !
property in its yards or warehouses;, and to re-
ceive for such transportation, safe keeping, or /
storage such tells and charges as from time to 4
time may be established or authorized to be es. /
established by directors of said railroad Com |
pany.
Third. To consolidate, confederate and as
sOciate with any Company or Companies who
have been Incorporated and have been granted /
the right of way from the United States or any /
State, which ROADS connect or shall connect by +
ferry or otherwise, with the said Red River
and Oaaehita Timber Belt Railway Company.
FOaEtA. To obtain and receive BY purchase,
grant. gift and bequest both zeal and personal
property, and for the pHrchase 81 IanfAs to /
issue stock certificates in payment thereof at Il
such valuation as may be agreed on by the
Directors Of said Ce9pany and the owners of
said land
Fifth. To obtain, by grant or otherwise
from any parish, cisy or village within this
State any rights, privileges or franchises that n
any of said parishes, cities or villages NAV
choose to grant, in reference to construction
or maintenance, management and usS Is the b
Railroad, its depOts. cars, locomotives, and its