The Banner-Democrat. [volume] (Lake Providence, East Carroll Parish, La.) 1892-current, 1897-10-02
CHARTER
OF THE
LAKE PROVIDENCE AND WESTERN
RAILWAY.
STATE OF LOUISIANA.
PARISH OF EAST CARROLL.

Be it known that on this day the 9th OF
August 1887. before me, w. III. MOntgom-
cry, a Notary Public in and for the aiore-
said parish and State, duly commissioned
and qualified, came and appeared the
several persons whose names are hereunto
subscribed, who, III the presence of the un.
dersigned witnesses. severally declared
that, availing themselves of the provisions
of the constitution and laws of this State
relative 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 body polite and cor
porate IN law. for the objects and purposes
and under the agreements and stipulation
hereinafter set forth. to-with:
ARTICLE l.
The name and title of this corporation
shall be st HE LAKE PROVIDENCE AND
WESTERN RAILWAY COMPANY" un-
der which name anC little 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 DIree-
tors; to purchase, hold, own, sell, mortgage
aud pledge real estate, personal properly,
stocks, bonds, and such other property as
may be necessary or convenient In trans
acting it's business; to construct and pur-
chase railroads and telegraph lines. and
operate, sell, mortgage, pledge, lease. and
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 Tor
carving out the business and objects of this
corporation, as above and hereinafter stated
ARTICLE III.
The domicIle 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 Ill.
The purposes for which this corporation
| is chartered and the business to be carried
| on by IT, are the construction and operation
of railroad and telegraph hne for the
transporting Of freight and passengers and
the sending of telegraphic messages from
the city of Providence. in East Carroll par
ish, Louisiana, sand railroad and telegraph
line running in a 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. cars
depots, switches. rights of way and al
| things useful and necessary to perfect ano
complete railroad and telegraph system
between said points; and the operation Of
same after completion in transporting fol
the public all passengers and freight anc
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 Ter
Dollars each. The number of shares to bt
subscribed for organization and transaction
of business shall be Fifty; and as soon al
| that number of shares shall have been sub
scribed and fifty per centum paid thereon
the corporation shall organize and COM
mence operations. Stock shall be eyldenc
! ed by such certificates issued and signeC
| by such officers OF the corporation as the
board of directors may designate, and same
shall be transferable only on the books o.
the Company; and no certificate shall BIZ
issued for stock until the same shall have
been fully paid for. No transfer of stocl
shall be valid or binding unless and unit
/ the same shall have been made and entered
| on the books OF the corporation. At leas
/ ter per centum shall be paid on stock wher
| the same is subscribed; and the balance
| shall be paid in not less than twelve months
4 from the date of subscription, in sucf
! amounts and at such times as snail be fxeC
| by the board of directors. Payments fol
stock may be received in money. services