The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1904-05-19

Inc QOm1clle OF THIS corporation snail |
be in Allentown, State of Louisiana,
and all citations or other legal processes
shall be served upon the President of
said corporation, or in case of his abb
sence, upon the Vice President or Sec
retary, or any agent OF the company.
ARTICLE III.
The purposes for which this corpora
ton is established and the nature of its
business are declared to- be the construc-
ton and operation of railway and tel
egraph and telephone line, for the pur-
poses of carrying freight and passen-
gers and receiving and forwarding tele-
graph and telephone messages from
Wadley, point on the ", S. and P.
railway, in the Parish of Bossier, State
of Louisiana, north of Allentown, in
Bossier parish, La.
ARTICLE Nv.
The capital stock of this corporation
has been and is hereby fixed at the sum
of S50, 900, divided into 500 shares of S100
each, and the company shall organize
and commence business when $50 shares
shall have been subscribed and paid for
in cash, as provided by the board of di-
rectors of this corporation. No stock
holder shall 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 their
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 of
the company on the first Monday Of
August, 1895, and annually thereafter.
In all elections each share of stock
shall be entitled to one vote.
ARTICLE VII.
The officers OF this corporation shall
consist of Board of Directors of five
members, and of President, Vice
President and Secretary, to be elected
by said board. The following named
persons shall constitute the first Board
of Directors, viz: w. G.. Wadley, H. J.
Allen, H. B. Allen, w. D. Wadley and
j. D. Allen. w. G.. Wadley shall be the
President, H. J. Allen, President,
and H. B. Allen, Secretary and Treas
urer. Said directors and said officers
shall serve and remain in Office until
their successors shall be elected and
qualified. Any vacancy in the board of
directors shall be filled by election by
the remaining members, and any va
cancy in the other Offices by election by
the board. Every director of the corpo-
| ration shall be stockholder thereof.
ARTICLE VIII.
The powers of this corporation shall
| be vested in. and exercised by and
through the board of directors, who shall
have full power to make and prescribe
bylaws, rules and regulations for the
management of the business of the COM
| pany; to elect the President, Vice
President and Secretary; to appoint a
Treasurer; to employ such managers
and agents as they may deem proper,
and to fix their salaries and compensa-
ton. The said board shall have power
to make contracts, borrow money issue
bonds, mortgage and hypothecate all the
property and franchises of said corpora
ton in order to carry out the objects
and purposes OF this organization as
hereinbefore set forth.
| ARl1CLE La.
That if any stockholder shall neglect
or refuse to pay any assessment on his
stock, after due notice, the stock held
by him shall be forfeited to the use OF
said company, provided that the direc-
tors may allow the redemption on such
terms as they may prescribe, or such
subscription may be enforced by suit.
/ ARTICLE X.
| That this corporation may consolidate
or confederate and associate with any
company incorporated under the laws O.
the State of Louisiana, and having {
road which connects, or may connec
with the line of this company, by con.
tract not inconsistent with the law o.
the terms of this charter.
| Done and signed and passed before
me, said notary, on the day and dat,
first written, and in presence of J. F
Bourk and j. w. Brimberry, competen
witnesses of lawful age and residence.
| w. G. WADLEY.
J. D. ALLEN.
H. j. ALLEN,
/ (by H. B. Allen. }
w. b. WADLEY,
i (by w. G. Wadley.
Attest: HI. B. ALLEN.
j. F. BoURK.
j. w. BRMBERRY.
i J. w. ELsToN, Notary Public.
Having examined the foregoing char
ter and finding nothing therein contrar,
to the laws of Louisiana, approve tn
same. TT. LAND,
4 District Atty Second Dist, La
State Of Louisiana, / hereby certif
/ Parish Of Bossier. that the above an
foregoing is true and correct copy Q
j the original act, as the same now ap
pears on file in my Office, duly recorde
on Mortgages, volume co." page SIS
May Is, 1904.
4 Gigen under my hand and seal of ofic
this, the 14th day of May, 1904.
II B. A. KELLY,
Clerk and ox-officio Recorder.
r. p. NOR TON
Saddlerv and Harness.