The Natchitoches enterprise., 1898-12-15
ARTICLE 7.

| Inc name ana title OF the Sdlu COfDO-
ration shall be The Nstchitoches Tele-
phone and Electric Light Company.
Limited. and its 9Omicilc is hereby
established in NatchitOrhps. Natchito-
ches Parish. State of Louisiana; and
under lis said corporate name said cor
pOration shall have power and authority
10 contract, sue and he sued; to make
and Hse corporate seal, and the same
to break and alter at pleasure: TO hold.
receive. have purchase. improve alien
are, convey, sell, brrrow, pledge. mort
gage and hypothecatc under its said
corporate name. property real. person
al and mixed. to name and appoint surh
officers. directors. agents and managers
or employees as the interests or cOnye-
nience of id corporation may require
| to make and establish bylaws, rules and
regulations for the proper management
and regulation Of it, affairs. as may be
deemed necessary and proper. and the
same to change and alter at pleasure;
and to do all other acts and Chings per-
nttcd by law, or rs shall or may be
necessary and proper 10 carry out the
objects and purposes 81 said corporation
Said corporation unless sooner DIS
solved in accordance with its charter.
shall exist and continue for the
period of niEety-uiEe years from and
after the date hereof.
The president, or in his absence the
vice-president. shall he the proper per-
son upon whom citation or other legal
process shall he served.
ARTICLE Ii.
The objects and purposes for which
this corporation is organized and the
nature of the business to be car led on
by it are declared to be the following.
tO-wit: Establish, maintain and Oper-
ate telephone system for the city of
NatchitOches and such foreign cUnnec- |
lions as may be made. and to establish |
maintain and operate an electric light |
plant for the city of NatchitOches, one
or both, as may be determined.
ARTICLE LII.
The capital stock of said corporation |
shall be Twenty Thousand divided into |
and represented by Two Hundred shares !
of the sum of One Hundred dollars each |
which said stock shall be paid for in |
cash at the time of subscription or the |
sane may BE- issued at not less than par.
in payment or exchange for properly or
rights actually received or purchased by |
said corporation. or the same may he
issued. full paid, for money advanced.
and for other valuable considerations or
services as che board of directors Of said
NAV determine; provided,
that no stock shall be issued until the
therefor has been received
by the said corporation.
Any stakeholder may sell, assign or
transfer his stock in this corporation,
provided thirty (30) days prior notice of
such intention to sell or assign, or trans
fer the Same be given the company. and
the other stockholders thereof shall
have the first privilege of purchasing
same, after which thirty days notice
he said stock may be sold in open mar
ket. ~ -a'--- A. ''' : '-'~- -
The stock of said corporation may be
under the above conditions.
provided such transfer thereof be made
on the books of said company at its
office in NatchitOches. La, and on sur
render of the certificate therefor, No
transfer of any fractional part of share
shall be made.
This corporation shall commence
doing business as soon as five per cent
Of the capital stock shall nave been sub
scrIbed for and paid in.
The board of directors shall have the
right to determine how much stock
shall be issued.