The weekly Thibodaux sentinel and journal of the 8th Senatorial District. [volume] (Thibodaux, Lna. [i.e. La.]) 1875-1898, 1893-06-10
CHARTER.
CHARTER.
Or THE
LAUREL VALLEY AND ROUSSEAU
STATION RAIL ROAD
COMPANY.
e. S. OF AMERICA.
STATE OF LOUISIANA,
PARISH OF LAFOURCHE.
q. s. OF AMERICA
STATE OF LOUISIANA,
PARISH OF LAFOURCHE.
DE 1T KNOWN, THAT on THE FIRST
- dav of Nav 1893,

DE 1T KNOWN, THAT on THE FIRST
- day of May 1893.
Before me, Philip +. Legendre, Deputy
Clerk Of Court and Ex-Dfficio Notary Public,
duly commissioned and qualified for the Far.
| ish OF Latourche. and in the presence of the
witnesses hereinafter named and undersisn-
ed.
PERSONALLY CAME AND APPEARED
The unders. gued parties who declared that
awaiting themselves of the provisions of the
laws vi the State OF Louisiana relative to the
organization ot corporations, they have con-
tracted and agreed. and by these presents
they do covenant and agree and bind and
obligate themselves as Well as all such per-
| sons as may hereafter become associated with
them or their successors, To form and con
stitute corporation and body polite in law,
for the objects and purposes and under the
agreements AND stipuiat following. to-
wit:
ARTICLE l.
The name and title OF saia corporation
shall be II He LAUREL VALLEY AND
| ROUSSEAU STATION RAIL ROAD COM
PANY."
BY that name said corporation shall have
power snd authority to exist and esioy sue
cession for the full term and period OF Ninety
nine t99l Years from and after the day and
date hereof: to contract. sue and be sued
to make and use a corporate seal, and the
same to break or change at pleasure
to hold, receive, lease. purchase ALLEVIATE and
convey as well rs mortgage and hypothecate
property real. personal aud mixed to name
| and appoint such managers. directors, Off
GERS OF agents as the interests OF the said
| corporation may require. and to make and
establish such by laws, rules and regu ations
| tor the proper management and regulation
OF the affairs OF the said corporation as may
be necessary and proper and tue same to
change and alter at pleasure.
ARTICLE IL.
The domlelle Of said.corporatlon shall he
in the Parish Of Latourche, State of J.ousi-
| ana, and all citation other legal process
shall be served on the President of said Cor
poratiOn and in case OF his absence or any
other reason whr he cannot be served unon
one OF the directors thereof.
ARTICLE III,
The purposes for which this corporation is
established. and the nature Of the business
| to be carried Oh by it are declare and speci
| 10 survey. locate, construct and operate a
| railroad with one or more tracks from
| point on or near the Public Road on the
front of the Laurel Valley Plantation in this
Parish, tc point near the Rousseau Switch or
station on the Southern Pacific Railroad
likewise in this Parish, with such other
| branches as may be deemed necessary and
proper. and with the ri ght 10 extend the
| Railroad either above or below the herein
mentioned ternin. if deemed necessary or
proper.
| 10 carry and convey property and persons
upon said road and branches. by steam pow
| er, electric power or any other power proper
| to be used thereon.
And also to construct and operate such
lateral branches OF railroad from said main
| line, from such points on said line and TO
such ttrmiml the convenience OF said
colnnany may hereafter suggest.
".
The Capital stock OF said corporation is
| hereby declared to be fixed at the sum of
| Fifteen Thousand Dollars 10 be represented
| by One hundred and fifty shares of the srm
of One Hundred Dollars lSl00l each, which
said stock shall be paid tor in cash when
| subscribed for. or same may be issued at not
| less than par in payment for property ac
tually received or purchased by said corpo-
| ration or for labor done therefor. This cor
poratlon may commence business as soon as
the said stock has been subscribed.
| ARTICLE Y.
| All corporate powers of SAID corporation
| shall be vested in and exercised by Board
| OF Directors to be cen posed of three stock
holders who shall be elected annually on the
| first Monday of May of each year, beginning
| in the year 1894. All such elections shall
| the superntendence of two commissioners
| to be appointed for that purpose. by the
| Board OF Directors, of which election ten DAYS
prior Dotlee shall be given by publication i'll
a paper published III tho Parish ofLatour-
che.
Each share OF stock shall be entitled to one
vote. to be cast by its owner or by proxy
given in writing to party holding stock
and majority OF the votes cast shall elect.
A failure to elect Directors on the date a
hove specified shall not dissolve the corpora
ton, but the Directors then in Office shall
continue to act until the date fixed for the
the next regular annual election. The hold
ers of the nojority of the stock shall, at all
times, have the power to, and may, at any
time, call a special election for Board Of
Directors by publication made by the SAID
majority as above provided. and may hold
such election at such time and place as they
may designate within the Parish of Latour
che, by two commissioners appointed by
them. and the Board of Directors then in OF
hce shall be removed by SAID election, ant
the IL embers of the Board thus elected a
said special election shall take their place
instanter and elect their own officers. and b.
the only true and legal Board of Directors @
said corporation Entil the next election a
Eereinbetore provided.
Vacancies occurring in the Board of Di
rectors. shall be filled by the remaining Di
rectors and two of the Directors shall com
. pose quorum for the transaction of bus
: ness.
|. AT the first meeting following each electio
, said Board OF directors shall elect one @
: their number to be President and Genera
also elect one Of their nm Der to be Secretar
and Treasurer; and the President shall o
] may appoint from time to time, or dismiss q