The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1904-06-09
CHAR TIE r
The Bodcau Valley Railway
Company.

The Bodcau Valley Railway
Company.
State of Louisiana, BE 1T KNOWN,
Parish Of Bossier. That on this, the
9th day of May, 1904, before me, s. H.
Dowell, Notary Public in and for the
Parish of Bossier and State of Louisiana,
duly commissioned and qualified, and in
the presence of the witnesses hereinafter
named and undersigned, personally
came and appeared j. F. Wise, D. M.
Clowney, Jno. L. Scales, w. B. Smith,
F. T. Whited and H. H. Wheless, who
severally declared that, availing them
selves of the provisions of the laws of
this State relative to the organization of
corporations, they have contracted and
agreed, and do by these presents con-
tract and agree and bind and obligate
themselves, as well as such other per-
sons as may hereafter become associated
with them, to form and constitute cor
poration and a body polite in law for
the object and purpose and under the
agreements and stipulations following,
| viz:
ARTICLE I.
The name and title of said corporation
shall be The BoDCAU VALLEY RAILWAY
! COMPANY, and by that name said corpo-
ration shall have power and authority to
have and enjoy succession for the full
term of five years from this date, to con-
tract, sue and be sued, to make and use
| a 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 managers, di-
rectors and officers as the interests and
conveniences of said corporation may
require, to make and establish such by
| laws, rules and regulations for the
proper management and conduct of the
affairs of said corporation as may be
necessary or proper, and the same to
change or alter at pleasure.
ARTICLE II.
The domicile of this corporation shall
be in Alden Bridge, State of Louisiana,
and all citations or other legal processes
shall be served upon the President of
said corporation, or in case of his alb
sence, upon the President, or any
agent of the company.
/ ARTICLE III.
The purpose for which this corporation
is established and the nature of its busi-
ness are declared and specified to be the
construction and operation of railway
and telegraph and telephone line, for
the purpose of carrying freight and
passengers, and receiving and forward
ing telegraph and telephone messages
from Alden Bridge, La, on the st.
Louis South Western Railway, in an
easterly direction to Ivan, La, in the
Parish of Bossier, and thence east to
some point hereafter to be determined.
/ ARTICLE ".
The capital stock of this corporation
has been and is hereby fixed at the sum
of $50, 600 with the privilege of extend
! ing the same to S5OO,0 divided into
600 shares Of 500 each, and the COM
pany shall organize and commence busi-
ness when the 600 sharea shall have beer
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
provided that such payments shall not
exceed Is per centum thereof at any one
time, nor be made oftener than once ir
sixty days, nor shall any stockholder be
liable beyond the balance due Of his
subscription.
ARTICLE v.
The shares of stock of this corpora
ton shall not be issued except for theil
face value in money, labor or property
and shall be transferable only on the
books of the company.
ARTICLE vi.
The annual meetings of the stock
holders of this corporation for the elec-
ton of officers and the transaction OF
business shall be held at the domicile oi
the company on the first Monday o.
May, 1905, and annually thereafter. II
all elections each share of stock shall be
entitled to one vote.
ARTICLE VII.
The officers of this corporation shall
consist of a Board of Directors of fiv.
members, and of a President, Vice.
President and Secretary, to be elected
by said board. The following named
persons shall constitute the first Boart
of Directors, viz: j. F. Wise, D. M
Clowney, w. B. Smith, H. II. Wheles
and F. T. Whited, and H. II. Wheles
shall be President, F. T. Whited, Vice
President, and S. n. Dowell, Treasurer
and J. F. Wise, Secretary, and said di
rectors and said officers shall serve an,
remain in Office until their successor
shall be elected and qualified. Any va
cancy in the board Of directors shall b
! filed by election by the remaining mem
bers, and any vacancy in the othe
, Offices by the election by the board
, Every director of the corporation shal
be a stockholder thereof.
} ARTICLE VIII.
The powers of this corporation shal
be vested in and exercised by an
through the board of directors, VIII
shall have full power to make and pre-
scribe bylaws, rules and regulations fo
the management of the business of tn
company, to elect the President, Vice
President and Secretary, to appoint
Treasures, and to employ such manager
and agents as they may deem proper
; and to fix their salaries and compensa
i ton. The said board shall have powe
E to make contracts, borrow money, issu
I. bonds, mortgage and hypothecate all th
9 property and franchises of said corpora
tion, in order to carry out the object an
purposes Of this organization as herein
: before set forth.
: ARTICLE TX.
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