The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1904-06-09
CHAR T E r
MartindaIe and Ouachita
River Railway.
OF THE

River Railway.
State of Louisiana, BE 1T KNOWN,
Parrish Of Bossier. That on this day,
before me, Rufus H. Allen, Notary Pub
lie, in and for the Parish of Bossier,
State of Louisiana, duly commissioned
and qualified, and in the presence of the
witnesses hereinafter named and under
signed, personally came and appeared
the persons whose names are hereonto
subscribed, all residents of this State,
who severally declared that, availing
themselves of the provisions of the stat
utes and general laws of this State rela-
tive to the organization of corporations,
they have formed and organized, and by
these presents do form and organize
themselves into, and constitute a corpo-
ration for the objects and purposes and
under the stipulations and agreements
hereinafter set forth and expressed,
which they hereby adopt as their char
ter, to-wit:
ARTICLE /.
The name and title of the corporation
hereby formed is declared to be the
MARTINDALE AND OUACHITA RIVER RAIL
WAY. Its domicile shall be in Bolinger,
Parish of Bossier, State of Louisiana;
it shall have and enjoy sussession by it's
corporate name for period of ninety
nine years from and after the date
hereof. All citations or other legal
processes shall be served upon the Pres
ident, and in case of his absence, or in
ability to act from any cause, the same
shall be served upon the Vice President
or Secretary.
ARTICLE II.
The objects and purposes for which
this corporation is organized and the
nature of the business to be carried on
by it, are hereby declared to be: To
build, equip, maintain and operate a
railroad from point on the ST. Louis
South Western Railroad, at or near
Bolinger, in Bossier parish, La, in an
easterly direction, to the Ouachita River,
with all necessary tracks, switches,
yards and appurtenances required for
the proper and successful operation OF
said railroad.
ARTICLE III.
The capital stock of this corporation
is hereby fixed at the sum of 500, 900,
| divided into and represented by LOCO
shares at the par value of $500 each, to
be paid in cash, or it's equivalent in
property, provided that the said corpo-
ration may organize and commence bust
| ness when as much as $50 shares of said
| capital stock shall have been subscribed
and paid in, as above provided.
| ARTICLE w.
This corporation, through its board Of
directors, shall have full power and au-
thority to contract, sue and be sued il
its corporate name; to make and use Z
corporate seal; to acquire all necessary
real estate by purchase, donation, ex-
| preparation or otherwise; to hold, re-
ceive, hire and purchase real and per-
sonal property, and to sell, rent, lease
| mortgage or pledge the same; to borrow
money and issue bonds and notes there.
for, and to secure the same by mortgage
upon any and all of the property, rights
and franchises of the company; to name
and appoint such managers, agents and
officers as it's interests and convenience
may require, and to make such by laws
rules and regulations for the propel
management and conduct of it's affair,
as may be necessary and proper.
| ARTICLE v.
All corporate powers of this corpora
ton shall be vested in and exercised b!
a board Of directors, composed of fv'
stockholders, a majority of whom shall
constitute quorum for the transaction
| of business; they shall make all by
laws, rules and regulations for the man
agement OF the business and the affair
of the company, and alter, amend ant
| change the same at pleasure.
| The President, or General Manager
shall make all contracts, hire and dis
charge all officers and employees, an,
generally do and perform all thing
necessary in the transaction of the bust
ness affairs of the company, subject t
the control of the board of directors
the said board of directors may fill al
vacancies which may occur in the boar,
from death, resignation or other causes
ARTICLE vi.
The first Board of Directors of thi
corporation shall consist of S. H. Boil
niger, w. B. Boggs, M. S. BolingeI
j. S. Boggs and B. II. Bolinger, wit
S. H. Bolinger as President; w. 3
Boggs, Vice President; M. S. Bolinger
Treasurer; j. S. Boggs, Secretary, an
B. H. Bolinger, Auditor; who shall hol
their Offices until the second Monday il
January, 1905, or until their successor
shall have been duly elected and quail
flied. On the second Monday in Janu
airy, 1905, and annually thereafter, a
election for directors shall be held at tn
office of the company at Bolinger, i
Bossier parish. All corporate election
shall be by ballot, and a majority of tn
stock present shall elect. Each share q
stock shall be entitled to one vote, eithe
in person or by proxy, at any meeting {
the stockholders. Notice of electio
shall be given by publication at leas
three times in newspaper published
Bossier parish.
ARTICLE VII.
1 Whenever this Corporation is dissoly
| ed, either by limitation OF its charter, {
from any cause, its affairs shall be lie
Undated by two commissioners to be az
pointed from among the stockholders {
meeting of the stockholders convene
for that purpose, after thirty days. prit
notice thereof shall have been given b
the Secretary, by publication in one I
the newspapers published in Bessie
! parish. Said commissioners shall r.