The Opelousas courier., 1904-07-23
NO. 46

railroad or railroads of said company, lm
depOts, cars. locomotives, and its business
within the limits of each and any such par
shes parish wards, cities, towns or villages.
Section 8. TO eXpr0prlate property accof"-
ing to existing laws or future laws
Section TO- To cross, intersect, JOIN or unite
ITS railroad or railroads. or branches, with any
other railroad or railroads heretofore or mere
after constructed in the state of hon:sianS, or
any other State at any point upon lis fohte:
and upon the grounds of such other railroad
or railroads, or elsewhere, with the heeessary
turnouts, sidings. spurs, switches, ana other
conveniences in furtherahee "f ths oigeets OF
its connections ana BUSINESS.
Section H. To purchase or lease from any
railroad company or corporation Tue f'ii'roAuS'
charter, franchises, property ahd apt"rbehh.
ces thereof, and to MAINTAIN, I'sc anu oieIass .I
the same as part of the property OF this
company.
Section H. To borrow money or to purchase
or lease property on lis own creoit Iot the
purpose of constructing, maintaining anu opeF-
ating its railroads and branches or ESTABLISH
ing continuous or connecting iineS, its hereih-
after provided, and as evidence f"r such loans:
or for the purchase lease OF construction OF
such property to issue its corporate bonds OF
promissory notes, bearing interest tt stch rae
per annum as the company may eject pay @ anle
at such times places as may be agreed upon
and for securing the payment oi sllch bonhs OF
notes, and the interest thereon; 10 ihortgaGe
and pledge it's railroad or railroads, us capital
it's corporate franchises, and any ana All or itS
real estate and personal property. or hoth, ny
deed of trust or any other form OF hyp0theca-
tiOn. -
All citations and other legal process shall he
served on the president of the company, or Ill
his absence, upon tie Vice-presidcnt, secretary
or treasurer OF said corporation, or hp"n suGh
other person as may be designated hf inc
company.
Section L. The capital stock OF this corpora
ton shall be two million dollars, represented
by 10000 shares, of a par value OF one haautSn t
a. ano Tho Ihlp
capital stock to be paid in tnstallments aa
kcailed for by the board of directors tho total
amount payable not less than 5we,v9 I'VE npar as
per cent shall be called for at one time. nor
shall more than one call be made every sixty
| days. ..oa .,,, ,o,,;,o.
subscriptions for said stock of this corporation
| shall be determined by the board OF directors,
except that no stock shall be issued ny inns
company unless it be for money or property
actually received by it, or for labor DONE
Section g. In case of the failure OF any sub
scriber to pay for the whole or any paft oi m IIiS
subscription at the time or in the manner ilxea
| by the board of directors the shares OF stock
| SO subscribed for, and all payments previously
| made thereon, at their option may ne lorlettea
| to the company by the board OF directors altef
| service of written notice and failure To pay.
| Section L. No st0ekholder of said corpora
| ton shall ever he liable or responsible Tor lis
contracts or faults in any further sum than
| count Of the shares of stock owned by nm; nor
| shall any mere informality i'll the organization
have the effect of rendering thls enarter or OF
exposing the stockholders to any liability be-
yond the amount OF this unpaid stoeN SUD
| scriptiOn.
| ARTICLE vi.
The corporate power of this company shall
be vested In a board of directors composed OF
| seventeen members. The firpt board OF dlrec-
tors shall be constituted as follows: i. M.
BOagni, E. P. VeaZe, NJ Halphen, NJ Vllascca'>
J. ]. Thompson. J. p. Saizan, Isaac Roos, J. B.
L Itlft ftnia,
EstOrge, r. Lee Garland, E. D. Estiette, jos.
NJ Boagni, B. III, Pavy, O. Dardeau ana y. !;
Dossmann. The directors herein named shali
hold office until the first Monday III MAY, I9os.
and annually thereafter on the first Monday or
the month of May q general meeting OF the
stockholders of said company shali De he,u,
|, and there shall be elected from among inc
; stockholders as many directors, TO serve dur
ing the ensuing year, as Will complete tne
| board. Notice of this meeting snail ne gwen m
| bY the publication in a newspaper pnDtlshee ab
Opelolisas and u notice mailed TO each STOCK
holder for fully ten days prior thereto; at al
elections vote of majority Oh me stoca
, to elect, and at such election each stoeKholder
shall be entitled to cast, either III person or py
proxy, one vote for each snare OF stock ean oy
:. him. Any share shares of stock transferred
: ten days prior to election shall not be entities
4 to vote All directors shall continue IN o1ncs
until their successors are eieG,e e a aect oue q,
! their number to be president OF said company,
and another to be vice-prestdent, ana may
q others outside of directors one person to oe
:. secretary, another person to be treasurer, az
other person to be the general manager, aho
one person to be attorney OF the company, ol
one I,erson to fill all positions. Said board may
IS also appoint such other otheefs or ehployeel
as it may deem necessary. 1t snail nave poWei
i to fill all vacancies occurring In It's own pouy
., TO make all necessary bylaws, rules ana FeGh
q lations for the government OF the business anf
s. affairs of the company, and to ehahge lhe 80 sam
d | at pleasure as it may determine majority .
Is rhe directors shall constitute - quorum Tor I'M
transaction of all business. tilIs board OF ai
u rectors may be increased by two.thirds voe
10 of the members, provided the total huhpe
u, shall not exceed twenty-five.
r ARTICLE VII.
IN This cornoration may be dissolved by the al
!; sant Of three-fourths OF the amount OF the sui
u u scribed capital stock at general meeting col
ha | yened for such purpose aftef thfty Gays ~
tn tice of such meeting shall have neen glheisi
of In the town of Opelousas Ihe capltai stoc
W W NAV be increased in manner aud form PROVE
tn ed by the general laws OF od StaSe a ei
after complying with the same req.'renaaeHs Us y
nr nregcribed BY the general laws OF this State
lid the increase of the capital stock OF sueh GO
no AZ poration .,rrcrr WIZ
az, Whenever this corporation shall be dissolve
lis either by limitation or for other cause; lts
HE fairs shall be Iquidatcd,i its debt ana ilablnu
ALL maid and the balance Of its funds, IL any,
in fivided pro rata among the Stockholders, II
ize der the superinteBdenee and charge OF INT
nm commissioners of liquidation to be appolnt
md for that purpose ab ID st.HeI a. " -
en- stockhOders convened, after thirty days pr
c9s notice shall have been given III ono OF !
! as newspapers published at Opelonsas sali co
We missIonels shall remain IN ofhce nnili tue
oht fairs of said corporation shall have heen fu
Ich Inundated, and in case OF ilie dei1ii 81 one
,ks more of the commissioners, or otnef qaeau
OTIS occurring in their number, those rtii'ainl
shall continue TO act and may MI such vac
ata | cies.
or
me, Tbis charter may be altered or added to q
one time bv a majority vote OF the capital stt
nies then issued and outstanding, at q meeting
the stockholders convened for the pnrpe
mr. after publication of notice or sala meeting
and ten days in newspaper puDhshed at
ors, domicile of the company
tors. Done, passed and signed at OpeIonsas
ga i'd ON the day, month and year aforesaid, IN
d t01 nresenee of Peyton r. Sandoz and Jo
the Jacobs, competent witnesses, ana me, ho'
nan public, after due reading.
may may M. yilaseea, e. p. Veazie. NJ. Halphen, p
marc Roagni, Jos. 7. Saizan, II. Il. Estofge Il
Roos, r. ]. Dietlein. y. II. Pavy (per Ii. ~
SONS torpel, E. d. Estilette, j. j. Thompson. /.
lnch- sandoz fper J. ]. Thompson), Thos, II. lie s
9 for Ios M. Boagni, r. Lee Garland, l., D.
and mann o. Dagdeau.
and witnesses. P r. Sandoz, jonas Jacobs.
spor- LUCIUS r. CASTILLO
] and Notary Publ
stab State of Louisiana
,es OF Parish OF st. Landr
other baya aYamined the within
70 or sEALl foregoing act of incorporation
3, ele- eo,,stitntion and laws of the State Of l.
anu lana. therefore approve the same
CON- Witness my signature at Opelousas, Id.
1Oth day OF june 1904. .vx