The Banner-Democrat. [volume] (Lake Providence, East Carroll Parish, La.) 1892-current, 1897-09-04
CHARTER
OF THE
LAKE PROVIDENCE AND WESTERN
RAILWAY.
STATE OF LOUISIANA.
PARISH OF EAST CARROLL.

It
August. 1897. before me, w. ii. Montgom- !
cry, a Notary Public in and for the alole
said parish and State, duly commissioner
and qualified, came ana appeafeu tne
several persons whose names are hereunto
subscribed. who, IN the presence Oh Ihe uh
dersigned witnesses. severally declared
that ayailing themselves OF the provisions
of the constitution and laws OF this state
relative to the organization OF corporatioho'
they have and do, by these presents, con
tract, agree. bind and obllgate themselves,
together with such other persons as may
hereafter become associated with them, 10
form and constitute body polite and cor
porate IN law, for the objects and purposes
am, under the agreements and stipulatlons
| hereinafter set forth. to-Wlth
ARTICLE l.
| The name and title OF this corporation |
| shall he s.THE LAKE ROVtDENCE AND
| WESTERN RAILWAY COMPAN1," un-
der which name and title the said corpora |
lion shall have power TO exist for ninety |
| nine wears; to sue and be sued; TO make anu
use n corporate seal, and to break or change
same at the pleasure OF its Board oil Direc-
tors: to purchase, hold. own, sell, mortgage
and nledge real estate, personal properly,
| stocks. bonds. and such other property as
| may be necessary or convenient IN Trans
acting its business; to construct ana pur-
chase railroads and telegraph lines. ana
operate, sell, mortgage, pledge, lease. ahu
Il otherwise manage ana dispose Oh SAINT "
appoint such officers, directors. ana agents
"a the interest of said corporation may de.
mand: and generally to do all such acts ana
| things as are necessary and convenient iot
carving out the business and OBJECTS OF ials
corporation, as above and hereinafter staIeu'
ARTICLE IL.
The domic,le of this corporation shall be
in the city of Providence, East CarTou
, norish. Louisiana and all citations or other
4. | shall hp served the IfcSi-
:, dent. and in his absence, On the wee Fresi-
dent.
ARTICLE III.
The purposes for which this corporation
: Ia chartered and the business to be carried
D on hy it, are the construction anu operation
of a railroad and telegraph lne LOT tue
transporting of freight and passengers anu
= the sending of Geographic messages from
5 the city of Providence. in East Carroll par
h ish. Louisiana, said railroad and telegraph
. line running in Westerly direction ana
connecting with the Houston, central
Arkansas and Northern Railroad IN More
t house parish. at such point as may p Grac-
: tors: together with the purchase or con-
> struction OF all machinery. engines cars,
: denots, switches. rights OF way ana al
J. things useful and necessary to perfect anu
- complete railroad and telegraph system
} between said points; and the operation OF
l. same after completion in transporting foT
/ the public all passengers and lrelght aho
i sending telegraph messages.
r. ARTICLEIV.
e The capital stock of this corporation IS
hereby fixed at Five Hundred ThousanC
J. Dollars. divided into and represented b.
J. Fifty Thousand shares OF the value OF Iei
J. Dollars each. The number of shares 10 oe
d subscribed for organization ane 'lansaco , -
:" of business shall be Fifty; and as soon al
H. that number of shares shall have been SUP
O. scribed and fifty per centum PAID thereon
f. the corporation shall organize and com
mence operations. Stock shall be eVluenc
u. cd by such certificates issued ana slgne'
ut Inv such officers of the corporation as tn
o. hoard of directors may designate, and sam
n shall be transferable only on the books o
- the Company; and no certificate snaii D
nc issued for stock until the same snail nav
D. been fully paid for. No transfer OF stoc
n shall he valid or binding unless and anti
the same shall have been made and entere
" on the books OF the corporation. AT leas
as ter ner centum shall be paid on stock vine
IL the same is subscribed; and the balauc
ON shall be paid in not less than twelve month
\ from the date of subscription, IN sue
MI amounts and at such times as shall be nXe
he Inv the board of directors. Payments 1c
stock may be received in money. service
80 or property, ut the option OF the director
ARTICLE V.
ID The corporate powers of this compan
hu shall be vested in u board OF directors toll
cal e cnn, OF five stockholders. who are I'll
al. owners of not less than FIVE shares OF fui
for paid stock. The board OF directors sha
wa hold office for one year, and they shall
pb. elected Mt general meeting OF the stoc
IN holders held on the second Monday OF Ju
of each year, beginning in leaS. after hfte!
~ days' written notice to the stockholders
-, the secretary. Prior TO the hrst electio
al the board OF directors shall be composed
to stated hereafter. At all elections III
III iority of the votes east shall elect, and ca
-, shareholder shall be entitled to cast O
the vote. either in person or by proxy. for ca
air share of stock held by him, but not 10
nit vote on any share OF stock transieIre req
-, him twenty DAYS OF less prio- to an eleetlc
o'i All directors shall hold Office until thu
thu successors are elected and lnducted ll
hat Office In case OF failure to elect directC
,ort on the day herein above fixed, or on su
day as said annual meeting shall have De
hef regularly adjourned to, this corporate
ana shall not thereby be dissolved. but the
, a directors shall continue in Office and ~
To-, election shall be held, preceded by nite
on DAYS, notice to the stockholders, as aDc
eu. provided.
ved ARTICLE VI.
tied Until tie first ELECTION is held under t
that charter, as above provided. the iciiowl
rise named persons shall serve as directors:
- wit: Edward j. Hamley. JAS. ). Millik
vote Phillp McGuire. Jas. W. Dunn and Jos.
con- Rapsdeli. and the shall hold office III
lev. their successors are elected and hi
,na- qualified, as above provided.
liz, ARTICLE VIII.
.;nn Each board of directors at It's first rnt
80 ing shall choose from among i's numoe
a.ei President, Vice President, Secretary
Kim Treasurer of this Corporation. who 81
lred possess the powers usually vested IN 81
ii officers. and such other powers as may
ON delegated tothem in the bylaws. ana q
the shall hold Office during the term OF
Nc board. Said board Of directors shall Il