The Banner-Democrat. [volume] (Lake Providence, East Carroll Parish, La.) 1892-current, 1897-10-09
CHARTER
OF THE
LAKE PROVIDENCE AND WESTERN
RAIL WAY.
STATE OF LOUISIANA.
PARISH OF EAST CARROLL

| Be Unknown tnat on this day the 9Th OF
August 1897. before me, w. II. Montgom-
cry, a Notary Public in and for the afore-
said parish and State, duly commissioned
and qualified, came and appeared the
several persons whose names are hereunto
subscribed, who, IN the presence of the ua-
| dersigned witnesses. severally declared
that. availing themselves of the provisions
of the constitution and laws of this State
Felative to the organization OF corporations.
| they have and do, by these presents, con-
| tract, agree. bind and obligate themselves,
| together with such other persons as may
| hereafter become associated with them, to
| form and constitute a body polite and cor
porate IN law, for the objects and purposes
and under the agreements and stipulations
hereinafter set forth, to-with:
ARTICLE I.
The name and title of this corporation
shall be THE LAKE PROVIDENCE AND
WESTERN RAILWAY COMPANY" un-
| der which name anG title the said corpora
| ton shall have power to exist for ninety
nine years; to sue and be sued; to make and
use corporate seal. and to break or change
same at the pleasure OF its Board of Dlrec-
tors; to purchase, Eold, own, sell, mortgage
and pledge real estate, personal properly,
stocks, bonds, and such other property as
may be necessary or convenient in trans
acting its business; to construct and pur-
chase railroads and telegraph lines. and
operate, sell. mortgage. pledge, lease. and
otherwise manage and dispose of same; to
appoint such officers, directors. and agents
as the interest of said corporation may de-
mand: and generally to do all such acts and
things as are necessary and convenient for
carrying ont the business and objects of this
corporation, as above and hereinafter stated.
ARTICLE IL.
The domiclle of this corporation shall be
in the city of Providence, East Carroll
parish. Louisiana. and all citations or other
legal process shall be served ON the Presi-
dent. and in his absence, on the Vice Presi-
dent.
ARTICLE III.
The purposes for which this corporation
is chartered and the business to be carried
on by it, are the construction and operation
OF a railroad and telegraph line for the
Transporting of freight and passengers and
the sending of teiegraphic messages from
| the city of Providence. in East Carroll par
| isb, Louisiana, said railroad and telegrap phi
| line running in Westerly direction and
connecting with the Houston, Central
Arkansas and Northern Railroad in More
house parish. at such point as may here
after be determined by the Board of Direc-
| tors; together with the purchase or con-
! struction OF all machinery. engines. ears.
depots, switches. rights of way and all
| things useful and necessary to perfect and
complete a railroad and telegraph system
between said points; and the operation OF
same alter completion in transporting for
| the public all passengers and freight and
sending telegraph messages.
ARTICLEIV,
The capital stock of this corporation Is
hereby fixed at Five Hundred Thousand
Dollars, divided into and represented by
Fifty Thousand shares of the value of Ten
Dollars each. The aumber of shares to be
subscribed for organization and transaction
of business shall be Fifty; aud as soon as
that number OF shares shall bave been sub
scribed and fifty per centum paid thereon,
the corporation shall organize and COM
mence operations. Stock shall be evidence
ed by such certificates issued and signed
by such officers OF the corporation as the
board of directors may designate, and same
shall be transferable only on the books OF
the Company; and 40 certificate shall be
issued for stock until the same shall have
been fully paid for. No transfer of stock
shall be valid or binding unless and until
! the same shall have been made and entered
on the books OF the corporation. At least
ter per eeutum shall be paid on stock when
the same is subscribed; and the balance
shall be paid in not less than twelve months
from the date of subscription, in such
amounts and at such times as shall be fixed
by the board of directors. Payments for
!; stock may be received in money. services.