The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1891-05-21

ferry or otherwise, with the said Red River
and Ouachita Timber Belt Railway Company,
Fourth To obtain and receive by purchase,
grant gift and beqnest both real and personal
property, and for the purchase of lands, TO
issue stock certificates in payment thereof at
such valuation as may be agreed on by the
Directors of said Company and the owners OF
said land.
Fifth. To obtain, by grant or otherwise
from any parish, city or village within TINS
State any rights, privileges or franchises that
any of said parishes, cities or villages may
choose to grant, in reference to CONSTRUCTION
or maintainance management and use OF the
Railroad, its depots. cars, locomotives, and its
business within the limits of such Orany OF
said parishes, cities or villages
Sixth. To expropropriate according to ex-
isting laws.
Seventh To purchase or lease from any
railroad company or corporation, at any an-
thOrized sale, any railroad and the charter
franchises property and appurtenanees there
Of and maintain and use the same as q part OF
this Company,
Eighth. 70 borrow money or,to purchase
or lease. property on its own credit for the
purpose Of constructing and maintaining said
railroad, and as evidences of the indebtedness
of said Company for such loan or the purchase
or lease of said property, to issue its corporate
bonds or promissoTy notes bearing interest at
such rate per annum as the Directors may
elect, and made payable in gold or United
States currency, at such times and places as
may be be deemed most to the advantage OF
the corporation, and for securing the payment
of said bonds or notes, to mortgage and pledge
it's railroads, its capital stock, its corporate
franchises and any of its real and personal
property or any portion of the same.
ARTICLE IL.
Three. of the Directors shall constitute q
quorum for the transaction of business.
ARTICLE b.
After the first election, the election of Direc-
tors shall be held annually on first Monday in
July of each year.
ARTICLE IA.
The seal Of the Company shall be the seal OF
the State of Louisiana, and substituting the
name Of this Company for the inscription
therein.
ARTICLEI5~
The affairs of the Company may at any time
be put into liquidation by vote of three
fOurths of the stockholders of said Company
and the Board of Directors upon said three
f0urths vote being made in favor of said liqui-
dalton, shall at once elect three stock holders
to iquidate and finally settle its affairs accord
ing to equity and the laws of this State,
Done and passed at my Office, in the town OF
Benton, Parish of Bossier, State of Louisiana
in presence of James H. Cabeen and Louis B
Kelly, competent witnesses, on this the 18th
day of May, A. D. 1891.
Attest. F.M. HANKS.
J. II. CABEEN. j. WILMINGTON,
L. b. KELLY. T. w. w. STINSON.
(per A. r. THoMPsoN).
w. B. SIMPSON.
| T. M. VAUGHAN,
(per w. B. SIMPSON,.
J T. NANNY,
iper A. r. THOMSON.
w. E. HALL,
(per A r. THOMPSON
a. r. THOMPSON.
BENZ. F. FORT,
| Deputy Clerk D. c. and ex.officio Recorder
Ihave examined the within act of corpora
| ton, and finding nothing therein contrary Il
| law, approve the same.
J. A. w. LOWRY,
District Attorney, ID Judicial District of La
Bentor, L., May 10, 1891