The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1904-06-16
CHART
or THE
Martindale and Ouachitd
River Railway.

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 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
WAY. Its domicile shall be in Bolinger,
Parish of Bossier, State of Louisiana;
it shall have and enjoy sussession by its
corporate name for period OF ninety
nine years from and after the date
IL.
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 $t0O, 900,
divided into and represented by 1000
shares at the par value of $10O 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 ".
This corporation, through its board OF
directors, shall have full power and au-
thority to contract, sue and be sued in
it's 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-
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 anG
officers as it's 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.
j All corporate powers of this corpora
ton shall be vested in and exercised by
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, an,
generally do and perform all thing
{ necessary in the transaction of the busi
ness affairs of the company, subject +
: 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
l corporation shall consist of S. H. Boil
niger, w. B. Boggs, M. S. Bolingel
0 j. S. Boggs and B. H. Boinger, wit
S. H. Bolinger as President; w. F
Boggs, Vice President; M. S. Bolingel
+ Treasurer; J. S. Boggs, Secretary, an
S B. H. Bolinger, Auditor; who shall hol
their offices until the second Monday
January, 1905, or until their successor
= shall have been duly elected and qua.
flied. On the second Monday in Janr
ary, 1905, and annually thereafter, a
:, election for directors shall be held at tt
J Office of the company at Bolinger,
. Bossier parish. All corporate election
= shall be by ballot, and a majority of Il
= stock present shall elect. Each share
= stock shall be entitled to one vote, eith
q in person or by proxy, at any meeting
~ the stockholders. Notice of electie
i shall be given by publication at lea
4 three times in newspaper published
8 Bossier parish.
ARTICLE WI.
Whenever this Corporation is dissol
ed, either by limitation of its charter,
= from any cause, it's affairs shall be Ii
Undated by two commissioners to be a
pointed from among the stockholders
= meeting OF the stockholders conven
- for that purpose, after thirty days. pri
= notice thereof shall have been given
& the Secretary, by publication in one
:. the newspapers published in Bossi
=, parish. Said commissioners shall I
.n v main in Office until the affairs of So
= ! corporation shall have been fully iql
=, dated; and in case of death Of either
at said commissioners, the survivor sh
continue to act.
ARTICLE VIII.
Il This act of incorporation may
lis changed, modified or altered, or Il
| h< Asoors1x,a1 NTH