The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1904-05-26
CHAR T E p
Martindale and Ouachita
River Railway.
OF THE

RlVer Railway.
State of Louisiana, I BE IT KNOWN,
Parish Of Bossier. J 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 I.
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 a 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 $100, 900,
divided into and represented by 1000
shares at the par value OF $500 each, to
be paid in cash, or its 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 ".
This corporation, through it's board OF
directors, shall have full power and au-
thority to contract, sue and be sued in
; its corporate name; to make and use a
corporate seal; to acquire all necessary
real estate by purchase, donation, ex-
preparation or otherwise; to hold, re-
ceiye, 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 anG
officers as its interests and convenience
may require, and to make such bylaws
rules and regulations for the proper
, management and conduct of it's affairs
as may be necessary and proper.
ARTICLE V.
All corporate powers OF this corpora
ton shall be vested in and exercised by
a board of directors, composed of five
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, am
!! 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. Bolingel
!: j. S. Boggs and B. H. Bolinger, wit,
!: S. Fl. Bolinger as President; w. E
/: Boggs, Vice-President; M. S. Bolingel
!; Treasurer; j. S. Boggs, Secretary, an
!! B. H. Bolinger, Auditor; who shall hol
!: their offices until the second Monday i
!: January, 1905, or until their successor
I 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 til
J Office of the company at Bolinger, i
Bossier parish. All corporate election
shall be by ballot, and majority of tn
i: stock present shall elect. Each share {
stock shall be entitled to one vote, eithe
!; in person or by proxy, at any meeting {
/: the stockholders. Notice of eleetio
!: shall be given by publication at lea,
!; three times in newspaper published j
/: Bossier parish.
! ARTICLE VII.
I Whenever this Corporation is dissol1
!: ed, either by limitation of its charter, {
!: from any cause, its affairs shall be lie
Undated by two commissioners to be ar
pointed from among the stockholders
! a meeting of the stockholders convene
for that purpose, latter thirty days prit
notice thereof shall have been given
! the Secretary, by publication in one
! the. newspapers published in Bossi,