The Banner-Democrat. [volume] (Lake Providence, East Carroll Parish, La.) 1892-current, 1897-09-11
OH ARTER
OF THE
LAKE PROVIDENCE AND WESTERN
RAILWAY.
STATE OF LOUISIANA.
PARISH OF EAST CARROLL

~ J
Be it known that on this day the 9th of
August 1897. before me, w: ii. Mcntgom-
cry, Notary Public in and for the alore-
said parish and State, duly commissioned
and qualified, came and appeared the
several persons whose names are bereunto
subscribed, who, III the presence of the I'M
dersigned witnesses. severaily 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 stipulations
hereinafter set forth. to-"ith:
ARTICLE /.
The name and title of this corporation
shall be 1.-THE LAKE PROVIDENCE AND
WESTERN RAILWAY COMPANY un-
der which name and little the said corpora
lion shall have power to exist for ninety
nine years; to sue and be sued; to make and
use 4 corporate seal. and 10 break or change
same at the pleasure OF its Board of Dlrec-
tors; TO purchase, Loid, own, sell, mortgage
and pledge real estate, personal properly,
stocks, bonds, and such other property as
NAV be necessary or convenient III trans
chase railroads and telegraph lines. aud
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 rs are necessary and convenient tor
carrying out the business aGd objects OF this
corporation, as above and hereinafter stated.
ARTICLE III.
at eho Ill J.
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 tor which this corporation
is chartered and the business to be carried
on by it. are the construction aud operation
OF 4 railroad and telegraph hne for the
transporting of freight and passengers anu
the sending of Geographic messages from
the city of Providence in East Carroll par
ish, Louisiana SAID railroad and telegraph
line running in n 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 Diree-
tors; together with the purchase or con-
struction OF all machinery, engines, cars.
QeDOLS, SWITCHES. Gt1HlS VI hIg auh
things useful and necessary to perfect and
complete railroad and telegraph system
between said points; and the operation OF
same after completion in transporting Tor
the public all passengers and freight and
sending telegraph messages.
ARTICLEIV.
The capital stock of this corporation Is
thereby fixed at Five Hundred Thousand
Dollars, divided into and represented by
Fifty Thousand shares of the value OF Zen
Dollars each. The number of shares to be
subscribed for organization and transaction
OF business shall be Fifty; and as soon as
that number OF shares shall have been sIib-
scribed and fifty per centum paid thereon,
the corporation shall organize and COM
mence operations. Stock shall be evidenc-
ed by such certificates Issued and signed
by such officers OF the corporation as the
board of directors may designate, aud same
shall be transferable only on the books OF
the Company; and no 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 shalt have been made and entered
on the books OF the corporation. At least
ter per centum 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.
or property, at the option Of the directors.
ARTICLE V.
The corporate powers of this company
shall be vested in board OF directors to be
composed OF five stockholders, who are the
owners of not less than five shares OF fully
paid stock. The board of directors shall
hold Office for one year. and they shall be
oil tn1 at q NJ k
holders held on the second Monday OF July
of each year, beginning in 1898, after fifteen
DAYS written notice to the stockholders by
the secretary. Prior to the first election,
the board of directors shall he composed as
stated hereafter. At all elections ma
jority OF the votes cast shall elect, and each
shareholder shall be entitled to cast one
vote, either in person or By proxy. for each
share of stock held by him, but not TO "a
vote on any share of stock transferred to
him twenty days or less prio- to an election.
All directors shall hold Office until their
successors are elected and indicted into
office In case oil failure to elect directors
on the day herein above fixed, or on such
day rs said annual meeting shall have been
regularly adjourned TO, this corporation
shall not thereby be dissolved. but the old
directors shall continue in Office and Il new
election shall be held, preceded by fifteen
days. notice to the stockholders, as above
provided.
ARTICLE VI.
| Until tie first election is held under this
| charter, as above provided. the following
named persons shall serve as directors. to-
wit: Edward }. Hamley, Jas. s. Millikin,
Philip Mcclure. JAS. w. Dunn and Jos. K.
Ransdell, and the shall hold office until
| their SUCCESSORS are elected and haye
| qualified, as above provided.
ARTICLE VIII.
Each board OF directors at Its first meet
ing shall choose from among ills number q
President, Vice President, Secretary and
Treasurer Of this Corporation. who shall
possess the powers usually vested in such
officers, and such other powers as may be
delegated to them in the bylaws. aud they
shall hold Office during the term OF the
board. Said board Of directors shall have