The Colfax chronicle., 1900-08-04
CHARTER
OF THE
Louisiana Railway Co.


commissioned and sworn. and in th
| presence OF witnesses hereinafter named
personally came and appeared w. L
Whitaker, ST., OF Selma. La. G. NJ. ID
Grigsby, of Jefferson, Texas, j. ID. Grigs
by, of Marshall, Texas, WI. Whitaker
Jr, of Texafkana, Texas, w. H. Mason
Jr, ard w. G. Roberts, of Alexandria, La.
who declared, that, availing themselve.
OF the general laws of this State relative
to the organization of corporations fol
work OF public improvements, they dc
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. lit shall have power to have
and enjoy succession, and to retain its
corporate existence by its said corporate
name, and, for period of 30 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 well
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. B. = All citations and legal pro-
cesses shall be served ON the President
OF said corporation, anh in case of his
absence on the Vice President, and in
case of the absence of both upon the
Secretary.
ART. 4.-The object and purposes for
which this corporation is organized and
the nature of the business to he CON-
Quoted by it, shall be the building and
operating and owning, during the exist
ence of the corporation, Railroad from
a point in Concordia parish, La. at or
near Vidalia, extending westward through
the parishes of Concordia and Catalonia
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 Il of the
NE OF section %. township 8 north,
range one tl) 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
m Y Nv
direction through the parishes of Grant
and Winn to point on Red river be-
tween Montgomery and Colfax, at or
near Lake Nantaches, and to buy and
Ease any connecting lines of railway, or
Iorm connection with any railway. and
20 build Juch branches as may be DEEM
I'd necessary, and to own and operate
any and all passenger and freight, trans
Ter boats, telegraph and telephone lines,
hat are necessary for the proper conduct
and management of the affairs of the
Art. 5.-Capital stock Of the corpora
ion n-shall be So, 1000 90. and shall be di-
'ided IN 25O shares Of one hundred dol
ars each. Payment of said stock shall
De made IN cash or its equivalent. at such
lines and in such manner and upon such
,otice as may be prescribed by the Board
If Directors. who shall have power to is
'ue full paid non -assessable stock in pay
nens for property acquired, or for the
purchase OF franchises.
ART. 6.-All corporate powers of this
corporation shall be vested in Board of
directors. The said board shall be elect
d annually on the first Tuesday in July
II each year. The election shall be held
It the Office of the company, under the
of three Commissioners an
,ointed by the Board of Directors. A |
majority of votes will elect, and one |
'ote shall be allowed for each share of |
took represented by the holder in per- !
on or written proxy. Thirty daye notice |
nall oe given by newspaper published
t the domicil of the company, or in case
here is no newspaper published there
hen by newspaper published in the
'arish where the domicil is located, prior
the holding of the annual meeting.
The Board of Directors shall, at the
egular annual meeting. elect out of their
wn number President, Vice President,
nd also Secretary and Treasurer, who
nay not be members of the board. Any
acancv occurring from any cause shall
70 filled by the remaining Directors. A
majority OF Directors shall constitute a
uorum for the transaction OF business.
ART. THE first Board OF Directors
hall be, w. l.. Whitaker, ST., w. III. Ma
on, Jr. w. L. Whitaker, Jr.. j. ID. Grigs-
y, snd w. G. Roberts. OF whom w. Il.
Sr., shall be President and Gen
raj Manager; w. G.. Roberts. Vice Prtsi.
ent; w. L. Whitaker, Jr., Secretary and
'reasurer. The Board OF Directors shall
srve until the lst Tuesday in July, 1901,
until their successors are duly elected.
ART. 8.-The Charter may be modified
: changed. or said corporation dissolv-
q. With the consent Of the stockholders
gliding three-fourths of the capital stock
the corporation, at any general meet