The Colfax chronicle., 1900-07-28

OF THE
Louisiana Railway Co.
STATE OF LOUISIANA, |
parIah NJ Ravxs1oa

STATE OF LOUISIANA. I
Parish Of Rapides.
Be il known that this day before me,
j. f. Statham, Notary Public in and for
said parish and State, duly qualified.
commissioned and sworn, and in the
presence of witnesses hereinafter named,
personally came and appeared w. L.
Whitaker, Sr., of Selma, La, G. I'D,
Grigsby, of Jefferson, Texas, j. d. Grigs.
by, of Marshall, Texas, W. L. Whitaker.
Jr., of Texarkana, Texas, w. H. Mason,
Jr., and w. G. Roberts, of Alexandria. La,
who declared, that, availing themselves
of the general laws Of this State relative
to the organization of corporations for
work of public improvements, they do
by these presents covenant and agree
and bind themselves to form, and do
hereby form themselves into and consti-
tute corporation under the following
agreement and stipulations, which they
adopt as their charter. to-wit:
ART. 1.-The name and title of said
corporation shall be LOUISIANA RAILWAY
COMPANY, and it's domicil shall be in
Selma, Louisiana.
ART. 1T shall have power to have
and enjoy succession, and to retain its
corporate existence by its said corporate
name, and, for period Of 80 years from
date hereof, to contract, sue and be sued,
to make and use corporate seal, and
the same to alter at pleasure, to hold,
lease, purchase, sell and convey, as we'll
as mortgage and hypothecate under its
corporate name property both real and
personal, to borrow money and give secu-
rity therefor, to name and appoint such
managers, directors and officers as its in
terest and convenience, may require, to
make and establish such by laws and
rules for the proper management and
regulation of the affairs of this corpora
tion as may be necessary and proper,
ART. 8. All citations and legal pro-
cesses shall be served on the President
of said corporation, and in case of his
absence on the Vice President, and in
case of the absence of both upon the
Secretary. ag
ART. 4.-The object and purposes for
which this corporation is organized and
the nature of the business to be con-
Quoted by it, shall be the building and
operating and owning, during the exist
ence OF the corporation, Railroad from
q point in Concordia parish, La, at or
near Vidalia, extending westward through
the parishes of Concordia and Catahoula
to point on Little river at or near SIM
mons Ferry, thence through the parish
of Grant to the line of the st. Louis, Iron
Mountain and Southern Railway Compa-
ny, crossing same in the NV u of the
NE Il of section o, township 8 north,
range one Il east, three hundred and
forty-two (342) feet from the point on the
north line Of said section where the st.
Louis, Iron Mountain and Southern Rail-
way Company line enters it. the angle OF
crossing being twenty-five degrees and
twenty-five minutes, thence in westerly
direction through the parishes OF Grant
and Winn to a point on Red river bt-
tween Montgomery and Colfax, at or
near Lake Nantaches, and to buy and
lease any connecting lines of railway, or
form connection with any railway. and
to build such branches as may be Deem
ed necessary. and to own and operate
any and all passenger and freight, trans
fer boats, telegraph and telephone lines,
that are necessary for the proper conduct
and management of the affairs of the
corporation.
ART. 5.-Capital stock Of the corpora
ton shall be $4,000 90, and shall be di-
vided in $50 shares of one hundred dol
lars each. Payment OF said stock shall
be made IN cash or it's equivalent, at such
times and in such manner and upon such
notice as may be prescribed by the Board
OF Directors, who shall have power to is
sue full paid non- -assessable stock in pay
mens for property acquired, or for the
purchase OF franchiees
ART. 6.-All corporate powers of this
corporation shall be vested in Board of
Directors. The said board shall be elect
ed annually on the first Tuesday in July
of each year. The election shall be held
at the Office of the company, under the
supervision of three Commissioners ap-
pointed by the Board of Directors. A
majority of votes will elect, and one
vote shall be allowed for each share of
stock represented by the holder in per-
son or written proxy. Thirty days notice
shall be given by newspaper published
at the domicil OF the company, or in case
there is no newspaper published there
then by newspaper published in the
parish where the domicil is located, prior
to the holding of the annual meeting.
The Board of Directors shall, at the
regular annual meeting. elect out of their
own number President, Vice President,
and also Secretary and Treasurer, who
may not be members of the board. Any
vacancy occurring from any cause shall
be filed by the remaining Directors. A
majority of Directors shall constitute a
quorum for the transaction of business.
ART. THE first Board Of Directors
shall be, w. L. Whitaker, Sr., w. H. Ma
son. Jr., w. L. Whitaker, Jr.. j. d. Grigs-
by, snd w. G. Roberts. OF whom w. u.
Sr., shall be President AM Gen