The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1891-06-04
Charter.

Deputy Clerk and ex-0fhciO 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, WIN. B.
| Simpson, James T. Many, VIVA. Z. Hall, ThOs.
NJ Vaughan and Alez. r. Thompson, who de-
| clared, that awaiting 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 purpose 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 q body corporate,
| for the purpose Of constructing, maintaining
| and operating Railroad and Magnetic TeIe-
graph. on the line thereof from Red River, in
| Bossier Parish, La, to Arkansas line in o
nOrtheasterly direction. and such other points
as may be determined hereafter, either by con-
strueti0n or by purchase of any other road al
| ready built. or partially built Said corpora
ton NAV 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 dOmieile of said corporation Is fixed az the
town Of Benton, for the present, and shall
have corporate existence for and during the
full term of Dinety-nine years from the date
of the execution of these presents. unless
sooner dissolved in the manner hereinafter
provided for.
The capital stock Of this corporation is here
by hxed at not less than $50 900 co. and shall
not exceed the sum 100000 90.
ARTICLE 2
The amount of a share of said capital stock
Of said shall hn the asyn1 of ffftv dol
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 saeh payments Oh
said shares of said stock shall not exceed ten
per cent. thereof at any one time, or be made
0ftener than once every sixty days. The style
and name of this corporation shall be the RED
RIVER AND 0UACHTTA TIMBER BELT
RAILROAD COMPANY.
ARTICLE }.
A Board of Directors to be composed of Eve
stock holders, shall be elected at the first
meeting after adoption of this charter; ma
j0Fity of the votes of said stockholders being
necessary TO choice, and the votes shall
count BY shares and not By persons, each be-
ing entitled to a vote.
ARTICLE l.
Within ten days after Board of Directors
shall have been elected, they shall elect one
of their number President, and may elect a
IS President IN tbs absence Of the President.
The Board of Directors shall elect Treasurer.
Secretary and such other officers as NAV be
deemed necessary The Directors shall 81 the
aDsOant of salary and compensation of all its
officers and the amount Of securities to he
given by them, ana enact bylaws and Fegula-
tiOns to govea them in their various duties
ARTICLE 5
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 It's eaieers
ARTICLE 6.
The President shall have the power to eaIl |
special meetings of TIE stock holders whenever
IN his Judgment the interest of the cosBpany
may require such meeting or meetings.
ARTICLE T.
No stock holders shall be responsible or held
liable for the contracts of the CoapaRy in any
further sum than the unpaid balances 6ue the |
Company on shares owned BIZ him or shall any
inf0rmaiIties IN the organization have the ef
feet OF anRuling this charter. or sS stoek boI-
der TO any liability beyond the az1sUut Of his
stock subscription unpaid
ARTICLE g.
The srOck books shall be kept at she asFSre Of |
the Company, where certificates saalI be issu-
Ell to the subscribers but no transfer ef stock |
shall be binding upon the Company mill |
made upon the stock books and no stock e,.r-
tIfieate shall be Issued except for full paid |
stock.
ARTICLES
In case of failure on the part of anv sulsrri- /
Der to pay the installments on his stock "a ne
Quired, the Board of Directors shall have the |
option after thirty days written notice TO the 1
delinquent of forfeiting his stock. or the /
amount previously paid thereon, and M stick /
holder shall have the right to v0te while in /
default.
ARTICLEIO.
an rules relative to the declaration Of ,livi-
dtnds, or divisions of profits as well as the by-
laws OF the Company, shall be made BIZ the /
Beard OF Directors, bat said rnles and bylaws i
shall Be satleet to repeal, change or nodifca-
ton By the holders Of 8 majority Of the steck /
OF the Company s 4 sAsiT meeting.
The said Company is empowered aad an
thOrized:
First. To construct, establish or nureAass
and thereafter own, lease, maintain and mse
suitable wharves. piers, depOts. stations and 1
0sher works and appurteHanees eonasNsea Il
and to ran and manage the same as she Al,
recfors Of SAID Company may deesn to b. mast
expedient, and to the welfare Of said corpora
ton.
Second To take. transport, carry and Gen.
vey persons and property npoa its said rail-
way BY steam or other power, and % receive |
t0F safe keeping and TO store merchandise and
property In its yards or warehouses and 10 NJ
celye for such transportation safe keeping ar
Storage snc1 tolls ana charges IS from time 20
time nAay Be established or anth0sizea Is be e.
by directors of said railroad Com
paHy.
Third. To consolidate, confederate and a.
sociate with any Company or Companies uhO
have been Incorporated and have been granted
the right Of way from the United States on any
State which roads connect or shall connect bT
ferry or otherwise, with the said Red River
and Ouachita Timber Belt Railway Company.
Fourth. To obtain and Receive by pnrckase.
grant, gift and bequest beth real aud personal
property, aud for the purchase of lands, 10
issue stock certificates in payment thereof al
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
trCa any parish, city or village within this
State any rights, privileges or franchises that
any Of said parishes, cities or villages may
choose to grant. in reference to construction
or maintenance, management and use Of the
Railroad, its depots, ears, locomotives and its
business within the limits of such or any of
said parishes, cities or villages.
Sixth. To exprOpropriate according to ex-
isting laws.
Seventh. To purchase OF lease from any
railroad company or corporation, at any an
thoriEed sale, any railroad and the char4ar