The weekly Thibodaux sentinel and journal of the 8th Senatorial District. [volume] (Thibodaux, Lna. [i.e. La.]) 1875-1898, 1893-07-01
THIBODAUX, LA, SATURDAY, JULY l, 1893

obligate themselves as we'll as all such per
sous as may hereafter become associated with
them or their successors, to form and con
stltute IA corporation and body polite in law,
for the objects and purposes and under the
agreements and stipulations following. to-
wit:
ARTICLE |.
The maine and title of said corporation
shall he .'IHE BUSH GROVE AND BAYOU
RAJ ROAL COMPANY"
BY that name said corporation shall have
power and authority to exist and eli joy sue
cession for the tnll term and period OF Ninety
nine t9Si wears from and after the day and
date hereof: TO contract. sue and he sued :
| 10 make anG use corporate seal, and the
same to break or change at pleasure ;
to hold, receive, lease. purchase. ALLEVIATE and
convey as we'll as mortgage aud hypothecate
property real. personal aud mixed to name
and appoint such managers, directors, Off
GERS or agents as tae interests OF the said
corporation may require. and TO make and
establish such bylaws. rules and regulations
Tor the proper management and regulation
OF the affairs OF the said corporation as may
be necessary and proper and the same to
change and alter at pleasure.
ARTICLE il.
The domIcile OF said corporation shall he
III the Parish OF Latourche, State of jouisi-
ana, and all citation or other legal process
shall he served on the President of said Cor
poiation and III case OF his absence or any
other reason WIZ he cannot be served, upon
one OF the directors thereof
ARTICLE ILL.,
The purposes for which this corp ra ion
is established and the nature of the business
to be carried on by it are declared and speci-
fed to be -
To survey. locate. construct and operate u
rail road with one or more tracks from Il
point near the public road opposite the town
IlIb,tIly hp IN
Swith Or Station on the Southern Pacific
Rail Road. in the Parish of Latourche, with
such other branches as may be deemed nee
essary and proper and with the right to ex-
tend the Rail Road either above or below the
herein mentioned termini. if deemed neces
sary or proper.
To carry and convey property and persons
upon said road and branches by steam pow
er. electric power. or any other power proper
to he used thereon
Aud also to construct and operate such
lateral branches OF Rail i0ad from said main
line from such points on said line and to
such termiui as the convenience of said
Company may hereafter suggest.
ARTICLE ".
The Capital stock of said corporation is
hereby ueclared 70 be fixed at the sum of
Fifteen Thousand One Hundred Dollars to
b. represented by Six Hundred and Four
Shares of the sum of Twenty Five Dollars
Tor in cash when subscribed 70" or same
may be assur ii at not less than par in pay
ment Tor property actually received or pur
cha sed by said corpora tiou or for labor done
therefor. This corporation may commence
business As soon as the said stock has been
subscribed.
ARTICLE V.
All corporate powers OF sand corporation
shall te vested in and exercised by Board
OF Directors to be cen posed of three stock
holders who shall be elected annually on the
first onday of May of each year, beginning
Ia the year 1894. All such elections shall
be held at the Office OF said corporation under
the superinteudence OF two commissioners
to be appointed for that purpose, by the
Board OF Directors. OF which election ten days
prior notice shall be given by publication in
a paper published in tho Parish ofLatour-.
che.
Each share of stock shall be entitled to one
vote. to be east by its owner or by proxy
given i'll writing TO a party holding stock
and majority of the votes cast shall elect.
failure to elect Directors on the date a.
hove specified shall not dissolve the corpora
tion. but the Directors then in Office shall
continue to act until the date fixed for the
the next regular annual election. The hold
trs OF the majority of the stock shall, at all
times, have the power to, and NAV, at any
time, call a special election for "a 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 Lafour-
che. py two commissioners appointed by
them. and the Board of Directors then in of
tice shall be removed by SAID election, and
the III embers of the Board thus elected at
said special election shall take their places
instanter and elect their own officers. and be
the only true and legal Board of Directors Of
said COfDOratiOn pntil the naYt plactIOn aS
hereinbeiore 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 busi-
uess.
At the first meeting following each election
said Board OF directors shall elect one of
their number to be President and General
Manager of the Railroad Company, and shall
also elect one OF their number tc be Secretary
aud Treasurer; and the President shall or
may appoint from time to time. or dismiss at
pleasure such officers clerks or agents as
may be deeneG necessary for the purposes aud
business OF said corporation.
said Board of Directors may make and
establish a> well as alter and amend from
time to time any and all bylaws. rules and
regulations that they may deem requisite
tor the government, support and manage
meut of the business and affairs OF SAID Cor
poration-Said Board shall have the power
and authority to contract debts, borrow
money. issue notes. bills OF exchange, acceu-
tances or bonds. execute mort cages and gen
erall Y do al things incident ito the objects
and purposes of the said corporation. and
moreover, shall have power and authority TO
issue and deliver full paid shares of stock or
bonds or obligations OF said corporation in
payment for labor done. or money borrowed.
OF property or ghts actually received or
purchased by said corporation.