The Jennings daily record., 1902-08-30

or any one, or more, or all OF the fol-
lowing:
TO construct, work and maintain
railroads, canals, plank roads, bridges |
and ferries, whether within or without
the limits OF this state; to effect fire,
marin, river and life insurance; to
construct and maintain dry docks or /
floatinq docks for the building or re-
pairing OF ships and other vessels; to |
naviratethe sea and any or ell OF the |
water ways Of the United States by |
steam: to create, establish, maintain |
and operate lines Of telegraph, and to |
construct and maintain docks, steam |
ships and other vehicles for the trans |
portation OF freight and passengers; |
and to acquire and purchase the re-
sources and liabilities and business OF |
the HEY WOOD BROS. TRANSPOR.I |
TATION COMPANY an ordinary
partnership domiciled at Jennings,
La, said partnership having the same
purposes and the nature OF Its busl- |
ness being the same as this corpo-
ration.
ARTICLE III.
The capital stock this corpora
ton is fixed at ONE HUNDRED
THOUSAND $500, ,O0O.OO) DOLLARS,
divided into one hundred thousand
shares, of the par value of one dollar
each. All stocks subscribed shall be 4
paid for at the time OF snbscriptlon;
provided that the equivalent OF cash
in property or rights may be given
and received in payment for stock
subscribed at the option OF the stock
lholders. The issuance of certificates
of stock shall be evidence that the
stock covered thereby has been fully
na,6 and is nOnaSsessibIe.
ARTICLE ~.
All the powers of the corporation
shall be vested in and exercised by
a boardl of directors composed Of
live stockholders to be selected by a
lmaiority of the shareholders on the
third Monday in June of each year,
commencing with the year 1903 I'm
til the first election for directors here
under to be held, the board of direct
ors shall he composed of Dewey Hey
wood. O..W, Heywood, w. Scott Hey
wood, Alba Haywood aId w. N.
The officers of this corporation shall
lconsist of a President, a Vice-Presl-
, dent, a secretary and treasurer, each
of whom shall be a stockholder; pro-
, yided, that at the option OF the share
, holders the offices of Secretary and
Treasurer may he held by the same
person. =.
i shareholders shall be held on the
! third Monday Of June of each year,
: commencing with the year 1908. Spec
| ial meetings of the said share holders
!. shall he held at any time upon the call
of the President or any three stock
holders. said stockholders to apply te
q he Secretary in writing, who shall
Give said stockholders 10 days notice
of such called meeting. AT all such
j. meetings and at all elections by share
holders. eneh stockholder shall be en-
t titled to cast in person or by p oxy
ol one vote for each share at stock hele
by him. All elections by shareho der:
shall be by ballot under tbs sppervi
G sion OF two commissioners who sh;tI
= be appointed for that purpose by sh'
boara, OF directors. ard who siihh re
+ ceiye ali votes cast and shall canvas!
- and declare the result OK SUCH sses:ion
e After each annual election, the boar;
:. of direetors shall elect the officer
herein provided FOR, and may a. an.
, time. choose, employ and dismiss sucl
h other agents and employees as ma.
be necess sry for the transaction o
II the business of the corporation. Un
l. til the first election 10 be held in l0o;!
:. the officers OF said corporation sha
y by Alba Haywood, President: Dewe
i. Heywood. Vice. President, w. Il
= stenger, Secretary, and o. W. Hey
wood, treasurer,
II shall be competent for the stock
holders to appoint an executive con-
mitGee consisting OF not less than thrt
stockholders and confer on said con
,tl mittee such powers as may be deemc
'i proper and expedient. Al stockhoio
n ers meetirg quoruii shall conslst {
-, the persons owning ~ majority OF III
:" shares.
, {. ARTICLE V.
/ This corporation shall have powe
and authority TO hold, receive, pu1
chase and II, convey, and 70 hire. jsas
&c and lot. property both real aad pei
!, lspaal.
AEYref.E VI.
Whenever this corporation IL Gil
rs soiyea, .ssi,hgr blythe Limitation OF III
1e,gsrs 5E rs ans 4iHs 81 sslp HE sspp
as nv three commissioned to-. 'be " |.
;d pointed for that purpose at d meetil
Nv of the stockholders. III case of n
w death or Inability to act, OF o11ett
" more OF the 1iquiaators, the other O
ID others shal! act alone.
A2p4oLE VII.
No stockhalder shalt ever be be
liable or responsible for tie cnntrac
or faults of this corporation in ar
!, further sum than the unpaid balan
u ldue the company on the shares oWnt
n by him: nor shall any mere inforr
re atty in organization have the effe
- lof rendering this charter null or OF e
posing any stockho1der to lisbih
beyond the amount Of his stock.
t,,J ARTICLE VIII.
atl OF the capital stock of this corpof
ton each OF the subscribers mere
suhscribe for the number OF shar
written opposite and following b