The Natchitoches enterprise., 1898-11-17
ARTIJLE =.

e. The name and title OF the SAID c0rpo-
ration shall be The Natchitoches Tele-
phone and Electric Light Company
Limited, and its dOmicile is hereby
established in NatchitOches. Natchito-
ches Parish. State of Louisiana; and
under IFS said corporate name said cor
pOration shall have power and authority
to contract, sue and be sued; to make
aud use a corporate seal, and the same
to break and alter at pleasure: to hold.
receive. have purchase, improve alien
ate, convey, sell, borrow, pledge, mort
gage and hvpOthecate under its said
corporate name, property. real. person
al and mixed, to name and appoint such
officers, directors. agents and managers
or employees as the interests or conve-
nience of sfid corporation may require
to make and establish bylaws, rules and
regulations for the proper management
and regulation of its affairs, as may be
deemed Necessary and proper. and the
same to change and alter at pleasure
and to do all other acts and things per-
mitted by law, or as shall or may be
necessary and proper to carry out the
objects and purposes of said corporation
Said corporation unless sooner DIS
solved in accordance with its charter,
shall exist and continue for the
period of ninety-uine 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 be served.
ARTICLE III.
The objects and purposes for which
this corporation is organized and the
nature Of the business to be carried on
by it arc declared to be the following,
to-wit: Establish, maintain and Oper-
ate q telephone system for the city of
Natchitoches and such foreign connec-
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 III.
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
same may be issued at not less than par.
in payment or exchange for property or
rights actually received or purchased by
said corporation. or the same may be
issued, full paid, for money advanced,
and for other valuable considerations or
services as the board of directors of said
corporation NAV determine; provided,
that no stock shall be issued until the
consideration 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 purcbassiinr
same, after which thirty DPS. notice
,tke, said sssssfRrs h 40 omen mar.
ket. 49,
The stock Of said corporation may be
transferred 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 a share
shall be made.
This corporation shall commence
doing business as soon as five per cent
of the capital stock shall nave been sub
scrlbed for and paid in.
The board of directors shall have the
right to determine how much stock
shall be issued.