The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1891-06-11
Charter.

| cState of Louisisns, Parish of Bosssier.-
| = Be it known, that on this, the 18th day o
| Nav. 4. D., 1891, before me, Benjamin r. Fort
| Deputy Clerk and ex-officio Notary Public II
| and for said Parish and State, duly commits
stoned and qualified, and in the presence OF thu
witnesses hereinafter named, personally came
| and appeared Francis M. Hanks, Jasper .
| Wilmington, Thomas w. W. Stinson, WIN. B
| Simpson, James T. Many, VIM. E. Hall, Thos
NJ Vaughan and Alex. R. Thompson, who de
| elared 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
q corporation for the objects and purpose al
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
| and operating Railroad and Magnetic Tele
graph, on the line thereof from Red River, in
BossieR Parish, La, to Arkansas line in q
nOrSheasterly 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 common seal
enact and repeal bylaws, may hold real and
personal property, may make contracts, may
receive grant of land or personal property, and
shall possess all the 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
provided for.
The aaOika1 nfnak af this eOPnnrafinD ia hara-
by fixed at not less than $50 600 90, and shall
not exceed the sum 10000 90.
ARTICLE 2.
The amount ola share of said capital stock
of said Company shall be the sum of fifty dol
lars and the time and manner of payment for
stock shall be such as may be determined by
the Beard 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
Oftener than once every sixty days. The style
and name of this corporation shall be the RED
RIVER AND OUACHITA TIMBER BELT
RAILROAD COMPANY.
ARTICLE 3.
A Board of Directors to be composed of FIVE
stock holders, shall be elected at the first
meeting after adoption of this charter; a ma
j0rity of the votes of said stockholders being
necessary to choice, and the votes shall
count by shares and mot by persons, each be-
ing entitled to vote.
ARTICLE 4.
Within ten days after Board of Directors
shall have been elected, they shall elect one
Of their number President, and may elect a
Vice President from among themselves to act
as President in 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, and enact bylaws aud regula-
tlOns to gOyen them in their various duties.
ARTICLE s.
The President Of the Company is the officer
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 its officers
ARTICLE s.
The President shall have the power to call
special meetings of the stock holders whenever
in his Judgment the interest of the Company
may require such meeting or meetings.
ARTICLE Z.
No stock holders shall be responsible or held
liable for the contracts of the Company in any
further sun than the unpaid balances due the
Company ON shares owned by him, or shall any
lnforinalities in the organization have the eff
feet Of annnling this charter. or of a stock hOl-
der to any liability beyond the amount Of his
stock subscription unpaid.
ARTICLE s.
The srOek books shall be kept at the office of
the Company, where certificates saall he iss,l-
Ell to the subscribers, bat no transfer of stock
shall be binding upon the COMPANY until
made upon the stock books, and no stock GER
tltcate shall be issued except for full paid
stock.
ARTICLES
In case of failure on the part of any subscri-
per TO pay the installments on his stock as re-
QnSred, the Board of Directors shall have the
option after thirty days written notice to the
delinquent OF FORGETTING his stock, or the
amount previously paid thereon, and no stock
default. -
ARTICLEIO.
All rules relative to the declaration of div;.
bends, or divisions of profits as we'll as the bv
Jaws OF the Company, shall be made by the
Board OF Directors, but said rules and bylaws
shall be subject to repeal, change or modifica-
ton by the holders of majority of the stock
OF the Company at their meeting.
ARTICLE H.
The said Company is empowered and an
thOrized: '~- '''
First. To construct establish or purebasa
and thereafter own, lease, maintain and nse
suitable WhaFVes, piers, depOts, stations and
otner works and appurtenances cOuneeted
ana 20 run and manage the same as the d.
rectOFs of said Company may deem to be most
expedlent, and to the welfare of said corpora
ton.
Second. To take, transport, carry and oon.
vey persons and property upon its said rail-
way BY steam or other power, and to receive
Orsafe keeping and to store merchandise ana
property in its yards or warehouses, and to re-
celve for such transportation, safe keeping. or
storage such tolls and charges as from time To
time may be established or authorized to he es.
by directors of said railroad Com
pany. VNA
Third. To consolidate, confederate and M.
sociate with any Company or Companies who
have been incorporated and have been granted
Inc right Of way from the United States on anv |
State, which roads connect or shall connect hy |
ferry or otherwise, with the said Red River
and Ouachita Timber Belt Railway COmnanv.
Fourth. To obtain and receive by purchase, |
grant. gift and bequest both real and personal |
property, and for the purchase of lands. III |
ssoe stock certificates in payment thereof al |
JIch valuation as may be agreed on by the |
I1.S Of said Company and the owners Of
Fifth. To obtain, by grant or otherwise
rom any parish, city or village within this |
state any rights, privileges or franchises that |
my OF said parishes, cities or villages NAV |
'hOose to grant, in reference to constructed /
y maintalnance, management and use of fine |
Railroad, its depOts, cars, locomotives and its /