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

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Vice President, or any agent of the Company.
ARTICLE III.
The purpose for which this corporation is estab-
shed and the nature of its business 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 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 ".
The capital stock of this corporation has been and
is hereby fixed at the sum of sixty thousand dollars,
hundred thousand dollars divided into six hundred
shares of one hundred dollars EACH 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 w.
The shares of stock of this corporation shall not
beissued exception 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 stockholders of this
corporation for the election of officers and the
transaction of business shall be held at the domice
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.
ARTICLE VII.
The officers of this corporation shall consist of
Board of Directors of five MEMBERS and of Pres.
ident, Vice. President and Secretary to be elected
by said Board. The following named persons shall
constitute the first Board of Directors, viz: ]. F.
Wise, D. M. Clowney, W. B. Smith, H. H. Wheless,
F. T. Whited, and H. H. Wheless shall be President,
F. 7. Whited Vice-President and 8. H. Dowell
Treasurer and J. F Wise Secretary, and said Di-
rectors 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 vacancy in the other officers by the election
by the Board. Every Director of the corporation
shall be stockholder thereof.
ARTICLE VIM.
The powers of this corporation shall be vested in
and exercised by and through Board of Directors
who shall have full power to make and prescribe
bylaws, rules and regulations for the management
OF the business of the company, to elect the Pres
dent, Vice. President and Secretary. to appoint a
Treasurer, and to employ such managers and agents
as they may deem proper, and to fix their salaries
and compensation. The said Board shall have power
to make contracts, borrow money, issue bonds.
mortgages and hypothecate all the property and
franchises OF said corparaton in order to carry out
the object and purposes of this organization as
hereinbefore set forth.
ARTICLE *.
That if any stakeholder 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 corporaon provided that the Directors may
allow the redemption on such terms as they NAV
prescribe, or such subscriptions may be enforced
by suit.
ARTICLE K
That this corporation may consolidate and con-
federate and associate with any company incorpo-
rated under the laws of the State of Louisiana and
having a road which connects or may connect with
the line of this company by contact not inconsistent
with the law or terms of this charter.
ARTICLE III.
This corportion shall commence work on said road
at once, and shall complete the same as soon as
practicable
Whenever this corporation is dissolved by lrnita-
ton or from any other cause its affairs shall be
iquidated by three commissioners from the stock
holders appointed for that purpose at meeting of
the same convened by the call of the President
Done and signed and passed before said Notary
on the day and date first written and in presence of
j. W. DuBios and T. H. Reeves, competent wit
nesses OF lawful age and residence.
Witnesses: J. F. WISE.
1. H. REEVES. JNo. L. SCALES,
By H. H. WHEIEss
w. B. SMITH,
FIT. WHITED,
By H. II. WIRELESS.
H. H. WIRELESS.
s. H. DowE1L, Notary Public.