The Natchitoches enterprise., 1900-05-24
CHARTER
Old River and IKisatchle RAIL
way Company.

|
way Company.
BE it known that on this the It'll day OF may ~
| d., 1870 before me Henry NJ. Hyams; CleIA " t,
| AZ oficio Notary Public duly qualified i'll ana lol
| Satcbitochrs Parish State Of Louisiana, person
| aIIv oame and appe,tred !. e. EiveS John pro
gan +. j. Williams and others all u N"toIi'oH" -
parish, Louisiana, who Tor them'eNo On W III
| other persons Is are or may lie aS"OclatN Hl'n
| Them sryeTTyllx declare that awaiting thehl"eE c'
of the general laws of the State oi Louisiana ivit
tire to the organization OF corporations iol W. IN;
| of uublic Improvement and COnstructoi' VIZ I'M
",arratinn and maintenance of railroads, they Dc
hereby constitute and form themselves mo q ro
noratinn, and by these presence bind thenseVe'
| under the following agreements anu S'ipui"'i''''
which they adopt a. their charter VIZ;
ARTICLE l.
The name of the corporation shah ba Old Rvst
and Kitsatchie Railway Company. and it's dOmicll'
shall bc MontrOse. NatchitOchos parish La In
der this name it shall have and enjoy corporate eA-
wears from : nd af or date hereof and shall have
power and authority to contract sue and Oo sue'l'
TO hold receive lease, purchase, convey. mortgage
and pledge both real and personal property and
have full pocr to do all business necessary to car
| rs out the purposes for which ii Is formed
r. ARTICLE II.
The purposes for which the corporation is formed
are to construct, operate, work ami maintain y
| narrow ~ standard gauge railroad L" bc operated
by steam, in the state of Louisiana from Mont roSe
IN Nntchitoches Parish louisiana to Lersville III
Vernon Parrish Louisiana, and 10 construct, main
tain and operate telegraph or lcphonc line along
side Of and in connection with said railroad.
ARTICLE III,
The off, ers Of the corporation shall In "a Prc-i-
deut q Eice-Prcsidcnt aud u secretary and Treas.
urer. All legal processes shall kbr served On the
President, caald in his absence On the Vice res
dent and in of tho absence of both Oh the Sccre
tarv at its said dOmicile The President shall pre-
side at all meetings of the stockholders and direct
ors and is authorized to call meeting of each.
whenever he may deem it necessary for the good
of the corporation In case If the absence oi the
President from aIIy meeting or from the business
the Vice President shall have power tai act iii his
stead Notices for the annual or any special meet
ing of the stock holders snl e delivered ten days
prior to said meeting The Secretary shall keep
complete record of the dnings OF II the meetings
of the Stockholders, anu board of directors; alsp
keep a complete set of books and record all the
business transactions of It corporation and shall
on the 2OtlIAtay of January of each year deliver to
each stakeholder balance sheet of the business.
All books papers aud records shall be open to the
inspeCtiOn Of any stakeholder at any time. 1ho
Treasurer shall have possession of all moneys,
mortgages, pledges, notes. etc. and shall paw out
said moneys, deliver said mortgages. notes &c,
only by order Of the President or Il" the Nice-Pres'
idcnt while acting in his stead, rendering state
ment of all transactions to the Secretary OH the
first of each month,
ARTICLE ".
All elections and voting either by the stockhold'
ers or board of directors shall be by ballot and it
shall require IWO-tnuS OF tne subscribed STOCK Of
the corporation to elect officers or change alter
this charter or any bylaws OF regulations
ARTICLE
The Board of Directors shall consist of six stock
holders an: shall be elected by ballot by the
stockholders at the regular meeting on the first
Tu .sday OF January of each year. Each stock.
hOlGers shall have one vote for each sharesOf stock
held br him and may vote in person or by proxy.
The said lOaTd of directors shall hold their offices
elect frOmEfelr Humber President HiT. PT,,Ssfs
dent, and Secretary and Treasurer and shaIl M. |
POINT such other officers may be necessary They
shall have power to do and perform all duties that
laws OF the State of Louisiana A failure TO clert
DIncers or directors on the date above specified
shall not dissolve this corporation but the incon,
Oent 0fneers and directors shall hold their Offices
anu exercise Their powers until their sCcessOrs are
ected and qualified. The officers of this curnors
lou fOL the FIRST year shall he j. G. Rives, Pres
dent. John BrOgaD. Vice-President, and + ].
" llliamS Secretary and Treasurer and Theses to |
'ether with ID. W. 1ngersOIl, Mrs. Jessie Rives
nd w. D. PitchfOrd shall constitute til. first |
Oard OF direc tors.
ARTICLE VI.
The capital stock of this corporation is ixed nt
u, nTee Hundred and Fifty ThOnss,rd Dollars $3.50
D0OO) represented by thrue thousand five hunIr.J |
hares OF stock of one hundred dollars each and |
peTatlOn may begin as as seventeen thoI,s.u,I |
We hundred dollars OF stock is subscribed. Sub.
;lptlOn Tor stock shall be paid as follows in |
oney in such installments and ut such times ~
10 board Of directors may order or in Land ar nnr
MAJ property actually conveyed OF delivered Ia S
ia company OF by labor aud construction done for
Transfers of stock shall be made only mon H. | I
0kS ot Sald corporation and no stock h0llers shall
y MS snare OF snares at public or private II
10 except after first offering such share OF shares
the corporation and said corporation shall Ia |
thOrized to buy thessaid SHARE Or shares at the
r vai1e thereof. All issuance of stock shall he e
at the annual or special meeting of the board S,
directors at which there is a quorum No share -
shares shall be sold transferred exce,,t WIFI T.
consent of tw0-thirrls of the stockhOldeTt sail
lsent to be obtained at a special meeting. q
ARTICLE VII. :,
70 stakeholder of this corporation shall ever ho 81
d liable for any of the indebtedness contracts -
faHlts in any further sum than the unpaid hal | :.
% cue the corporation on the share or shares ~
ned by him, nor shall any infOrmality of th or III
lizati0n have the effect of rendering This charter
i ana void, or exposing a stOckhOlder to any nj
'ility whatever Vi
ARTICLE VIII. nv
It or before the termination of this cLarter TIM ~
9ctOrs by vote of the stockholders At meeting lS
Tor that purpose after thirty days notice NAV 81
ana dispose OF all of the property of said
lpany and shall apply the proceeds Of the solc |
aid property and the assets of the company. a. CO
Dws tO-wit: ~ ~ II
irst, in payment of all debts and liabilities of
company an
.cOnd, in payment of unpaid dividends. l5
bird, III payment to stockholders of the amOuut 1I
heir stock prOpOrtiOnately. nm
testimony Of all which tho parties hereto have
lhelr names In the presence of tho undersigned II"
petent Witnesses on the day and date first men. SW
JOHN BROGAN Ia Sa'
j. G. RIVES. ~,
MRS. JESSIE RIYES, Sc
A. ". iN &c E sdGSI n my
BY J: e; Rves. III