The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1904-05-12


that name said corporation shall have power and
authority to have and enjoy succession for the full
term of five years from this date, to contract, sue
and be sued, to make and use corporation seal
and the same to change and alter at pleasure, to
hold, receive, purchase and convey as we'll as
mortgage and hypothecate property, both real and
personal and mixed, to name and appoint such man
ayers, directors and officers the interests and
convenences of said corporation may require, to
make and establish such bylaws, rules and regu-
the affairs of said corporation may be necessary
proper, and the same to change or altar pleasure
ARTICLE II.
The doicile of this corporation shall be in Alden
Bridge, State of Louisiana, and all citations other
legal process shall be served upon the President of
said corporation in of his absence, upon the
Vice-President, or any agent OF the Company
ARTICLE III.
The purpose for which this corporation is estab-
ished and the nature of its business declared and
specified to be the construction and operation of a
Railway and Telegraph and Telephone line, for the
purpose of carrying freight and passengers. and
receiving and forwarding telegraph and telephone
messages from Alden Bridge, La, on the St. Louis
Southwestern Railway, in an easterly direction to
Ivan Louisiana, in the parish of Bossier and thence
east to some point hereafter to be determined.
ARTICLE w.
The capital stock of this corporation has been and
is hereby fixed at the of sixty thousand dollars,
with the privilege of extending the same to five
hundred thousand dollars) divided into six hundred
shares of hundred dollars each and the company
shall organize and commence business when the
six hundred shares shall have been subscribed.
The payment of such shares shall be made in such
manner as may be provided by the bylaws adopted
by the Board of Directors of the corporation, pro-
vided that such payments shall not exceed twenty
five per centum thereof at any time, nor be made
oftener than once in sixty days, nor shall any
stakeholder be liable beyond the balane due Of his
subscription.
ARTICLE V.
The shares of stock of this corporation shall MOI
be issued except for their face value in money labor
| books of the company.
ARTICLE VI.
The annual meetings of the stockholders of this
corporation for the election of officers and tn,
transaction of business shall be held at the domic
of the company on the first Monday of May, nine
teen hundred and five, and annually thereafter
In all elections each share of stock shall be entitled
| to one vote.
The officers of this corporation shall consist of
Board of Directors of five members, and of Pres
ident, Vice President and Secretary to be electe,
by said Board. The following named persons shall
constitute the first Board of Directors, viz: J.
Wise, D. M. Clowney, W. B. Smith, H. H. Wheess
F. T. Whited, and H. H. Wheess shall be President
F. T. Whited Vice President and S. H. Dowe
Treasurer and J. F. Wise Secretary, and said Di
rectors and SAID officers shall serve and remain i
office until their successors shall be elected an
qualified. Any vacancy in the Board of Director
shall be filled by election by the remaining members
and any vacancy in the other officers by the eectio
by the Board. Every Director of the corporatio
shall be a stakeholder thereof.
i ARTICLE VIII.
The powers of this corporation shall be vested i
and exercised by and through the Board of Directors
hall f,,n
by laws, rules and regulations for the managemer
of the business OF the company, to elect the Pres
dent, Vice President and Secretary, to appoint
Treasurer, and to employ such managers and agent
as they may deem proper, and to fix their salarie
and compensation. The said Board shall have powe
to make contracts borrow money, issue bond
mortgages and hypothecate all the property an
franchises of said corparation in order to carry
the object and purposes of this organization
!, hereinbefore set forth.
ARTICLE TX.
That if any stakeholder shall neglect or refuse
, pay any assessment on his stock after due motto
the stock held by him shall be forfeited to the III
of said corporations provided that the Directors
allow the redemption on such terms as they ma
prescribe, or such subscriptions may be enforce
by suit.
ARTICLE K
That this corporation may consolidate and col
federate and associate with any company incorp'
rated under the laws of the State of Louisiana, al
having road which connects or may connect wi
i the line of this company by contact not nconsiste
. with the law or terms OF this charter.
ARTICLE XII.
This corportion shall commence work on said ro
at once, and shall complete the same as soon
practicable.
ARTICLE XII.
Whenever this corporation is dissolved by limit
ton or from any other cause, its affairs shall
liquidated by three commissioners from the stoc
!. holders annointad for that nurnnSa at meeting