The Natchitoches enterprise., 1900-06-07
ARTICLE II.

ARTICLE II.
The purposes for which the corporation is formed
are To construct, operate, work aud MAINTAIN "a
narrow or st .niarl gauge railroad To he operated
hy steam in the state of LOuisianA from MuntrOsc
in SatchitOcleS Parish Louisiana, to Lecsville i'll
Vernon Parish Louisiana and 10 construct lnaiL-
tain and operate telegraph OF lrphonc line along
sideUf and i'll connection with said railroad.
ARTICLE III,
The officers of the corporation shall be a Presi-
drlIt, u Vice President and u Secretary aud Trees.
urer. All legal processes shall ibe served on the
President, and in his absence on the Nice-Prcsi-
dent and i'll of the absence of both the Sctrc
tarv at its said dOmiCilr The President shall pre-
side at all meetings of the stockholders and direct
and is authorized Ia call IA meeting OF each.
whenever he may deem it necessary for til" gODd
of the corporation. In case of the absence oil the
President from any meeting OF from the business
the Vice President shall have power to act i'll his
stead. Notices for the annual or any special meet
ing of the stock holders shall delivered ten days
prior to said meeting The Secretary shall keep
complete record of the dOngs of IL the meetings
of the stock hOdcrs, and board of directors; ais"
keep complete set of books and record all the
business transactions of the corporation and shall
Oh the 10Th day of January of each year deliver To
each stock hOlder balance sheet OF the business.
All books papers and records shall be open 10 the
inspection OF any stakeholder at any time. The
Treasurer shall have possession of all moneys
mortgages, pledges, notes. etc, and shall pay out
only by order of the PrcSi cent OF ~ the NiceIres
ident while acting in his stead. rendering state
mcnt of all transactions 10 the Secretary GU the
first of each month
ARTICLE ~
All elections and voting either by the stockhod
ers or board of directors shall be by ballot and it
shall require twOhrtls of the subscribed stock of
the corporation to elect officers change Or alter
this charter Ur any bylaws or regulations.
ARTICIEV
The Board of Directors shall consist of six stock
holders an shall be elected by ballot by the
stockholders at the regular meeting an the first
III .sday of january of each year. Each stock
hOcTS shall have one vote for each share of stock
held hV him and may vote i'll person or by proxy,
The said board OF directors shall hold their offices
until their Successors elected and qualified
Three of them shall constitute quorum and shall
-lcct frG,,n th4r IlanIher President. Nice prps-
dent, and Secretary and Treasurer, and shall aI'-
pdint such other officers may be necessary They
shall have power TO do and perform all duties that
appertain to directors Of corporations under the
laws of the state of Louisiana failure to elect
officers directors on the date above specified
shall not dissolve this corporation but the ineDm
bent officers and directors shall hold their offices
and exercise their powers until their are
ected and qualified. The officers of this corpora
tiOu fol- the first year shall be J. &, RveS, Pres
ident. John BTOgan. NiCeIIesident, and r. j. |
Williams, Secretary and Treasurer, and these to
gether with ID. W. Ingersoll, Mrs. Jessie Rives |
and W. ID. PitchfOrd shall constitute the first !
DOdIu Vi ulIcClcIS
ARTICLE VI.
The capital stock of this corporation is fixed at |
Three Hundred and Fifty Thousand Dollars $3.50
900 0O) represented by three thousand five hundred
shares of stock Ofonc hundred dollars each, and |
operation may begin soon as seventeen thousand |
five hundred dollars of stock is subscribed. Sub |
scription for stock shall be paid a. follows in |
money in such installmentS and at such times
the board of directors may order OF in land per
sunal property actually conveyed delivered TO
said company or BY labor and construction done for
it. Transfers of stock shall be made only upon the
books of SAID corporation and no Stockholders shall
sell his share SnareS at puDllc or private
sale except after first offering such share shares
to the corporation and said corporation shall he
to buy the:sdid share or shares at the
par value thereof. All issuance of stock shall be
dom at the annual special meeting of the board
Uf directors at which there is a quorum No share
or shares shall be sold transferred except with
the consent of twOthr,ls of the Stockholders said
consent to be obtained at a special meeting.
ARTICLE VII.
No stockholder of this corporation shall ever be
held liable for any of the Indebtedness, contracts
Dr faults in any further sum than the unpaid bal
anCe due the corporation the share Or shares |
owned by him. nor shall any inf0rmalty of the or
ganizaiOn have the effect of rendering this charter
null and void, or exposing stOckhoder to any
liability whatever.
ARTICLE VIII.
At ar before the termination of this charter the
directors by vote of the stockholders at a mWGng
held for that purpose after thirty days nOtGGESay
sell and dispose Of all of tho property of said
company and shall apply the proceeds of the sale
Of said property and the assets of the company, as
follows tO-wit:
First, ill payment OF all debts, anu Liabilities O1
the company.
Second, in payment of unpaid dividends.
Third, in payment to OckhOlders of the amount
Of their stock prOpOrtionately
In testimony of all which the parties hereto have
set their in the presence of the Undersigned
witnesses the day and date first NELL
' JOHN BRDGAN,
j. c. RINES
MRS. JESSIE EIvEs,
BY j. Z. Rives
A. w. 1NGERSOLL,
by J. q. Rivcs.
FL. WILLIAMS,
w. ID. PlTCHFORD.
j. 5. BUER NJ. u.
j. NJ. Ma IRIS,
A. l.. BRUSSET,
II. NJ HYAMS
Clerk and EX-OfiCiO Notary.
Marksville, La. May 10th. 1900
Having examined the above and foregoing act Of
of the Old River and Kisatche Rail
way Company and finding nothing therein con.
rary to law good morals hereby approve the
anIc
CHAS. V. PORTER.
District Atty. 10th judicial Dist. of La.
Recorded in Book 1902 of C0nvOyanccs
) stAL Folio 552, etc. May I2th 1900;
Deputy Clerk.
MOTT CE:s {
IN accordance with Article 80 of the ,,
fituti,,u ,,f Eli will I,n .