The Opelousas courier., 1904-07-02

chase, own, operate, maintain and use sald
railroad tracks, and such extensions OF It's Ine
| or lines, as said company may deem proper
| from time to time, and best for its interest;
| said company shall not be restricted IN tne e&-
| ercise of these privileges to the state OF LOUIS
lana, but may extend its railroad Deyonu Lne
| limits of said State, and may connect its rail-
road with any other line or lines OF rallroad III
this State or in other States, as shall authorize
the exercise OF said privileges; ana sala com,
pany shall have the right to establish ana
| maintain proper elevators, freight and passen-
ger depots, and other buildings, appearances
| and cOnveniences at such points or places as
| may he deemed most expedtent and conve-
! nient, and said company shall nave the rlgnt
/ to acquire, by appropriation or otherwise, such
property as 1T may require FOR It's tracks
| switches, spurs, sidetracks, roadbed, depots'
| elevatu.< or any other necessary purposes
+ Sections. ~ "a chase, hold, operate,
| maintain and use any connecting railroad or
railroads, or to consolidate with the same,
within or without the state, and make one
| company, under the name OF the companies
| consolidating, or any other name.
Section L. To construct, establish or pur-
| chase, and thereafter to own, MAINTAIN ana
use such wharves, bridges, piers harpors,
\ steamboats,, ferries, warehouses. elevators,
syards, depots, stations and other works as sa ld
/ company may deem necessary, y will tend to
! aid said company in the prosecution OF the
purposes for which 1t was formed, and TO man
| age and operate same in such manner as may
be deemed most likely to promote the welfare
| OF said company. -
| b.
and property upon its said railroad and branch
| es. and other conveyance, and to receive FOR
safe-keeping, and to store merchandise and
| property In Its yards, elevators, aepots ana
\ warehouses, and to receive for such transpor-
| tation, safe-keeping or storage such tolls ana
| charges as may from time to time be estab-
| lshed by the company; to make advances OF
money or credit for charges made by other
| transportation lines upon merchandise or
| property to be transported upon its own rail-
| road, or to be stored in its depots yards, ele,
| IN
| upon such terms and conditions, as the COM
| pany may from time to time establish.
| Section 6. To obtain and receive by pur-
| chase, grant, gift, exchange. devise, bequest
or otherwise, both real ana personal proper " )
| to have and to hold such property Tor the OBJ
| jects, purposes and interest OF the company,
| and the same to sell or ALLEVIATE, mortgage,
hypOthecate or cucumber.
| Section 7. To construct, maintain and oper-
ate its said railroad, or any part or the same,
and to have the rlghtof-way across, along, or
upon any waters. lake, bay, inlet, street, high,
way, turnpike or canal which Its sald railroad
may pass along, intersect, touch or cross.
Section 8. To obtain. by grant or otherwise,
| from any parish, parish ward. city, town or
village within this State, or any other State
which it may pass, any rights, privileges, fran
| chiseg or immunities contributions or aid that
any of the said parishes, parish wards, cities,
| towns or villages may choose TO grant Win
| reference to the, construction manasement
main tenance and operation and use OF the
railroad or railroads Of said company, It's
dcnots cars locomotives, and its business
within the limits OF each and any such par
| ishes, parish wards, cities, towns or villages.
| Section 9. To appropriate property accord
| ing to existing laws or future laws
Section 10. To cross, lntersccl, JOIN or unite
It's railroad or railroads, or branches, with any
| other railroad or railroads hereto' ore OF mere
after constructed i'll the State or LOUISIANA, or
| any other State at any point UPON Its route
| and upon the grounds of such either railroad
| or railroads, or elsewhere. with the necessary
| ftf
| cOnyeuiences in furtherance OF the Objects OF
| its connections aud business.
Section IL. To purchase or lease from any
| railroad company or corporation the railroads,
| charter frauchi,es property aud appnrtenan-
! ces thereof, and to maintain. use, ana operate
| the same as part of the property OF TINS
| company.
| Section 70 To borrow money or to purchase
| or lease property on its own credit for the
| purpose OF constructing, maintaining ana oper'
ating its railroads ana branches, or estaolsh-
| ing continuous or connecting lines, as herein
| after provided, and as evidence for such loans,
or for the purchase, lease or construction OF
such property to issue Its corporate oonds OF
promissory notes, bearing interest at sucn rate
| per annum as the company may elect, pay able
at such times or places as may be agreed upon
and for securing the payment OF sucn Donds OF
notes, and the interest thereon; to mortgage
and pledge its railroad or railroads, Its capital
it's corporate franchises, and any aud all or lts
real estate and personal property. or both, by
deed of trust or any other form OF hypotheca
ton.
ARTICLE ".
/ All citations and other legal process shall b'
served on the president OF the company. or ii
} his absence, upon the vice-president, secretary
or treasurer OF said corporation or upon sucl
other person as may be designated by tn
company.
Section /. The capital stock Of this corpora
| tion shall be two million dollars, Represented
by O.o0O shares OF par value of one hnndre
dollars per share, The subscription TO Tn
capital stock to he paid in installments a
called for by the board of directors. the tots
amount payable not less than twelve month
from the first call, provided that not over 2
per cent. shall be called for at one time. no
shall more than one call be made every slxt
= days.
Section 2. The time and manner for askin
subscriptions for said stock of this corporatlo
shall be determined by the board of director
except that no stock shall be issued by til
company unless it be for money or propert
actually received by it. or for labor done.
Section 8. In case of the failure OF any sui
scriber to pay for the whole or any part of b
subscription at the time or in the manner fXe
by the board of directors, the shares of stoc
so subscribed for. and all payments previousl
e made thereon, at their option may be forfeite
"a to the company by the board OF directors, aft
q | service Of written notice and failure to pay.
A Section A. No stockholder of said corpor
D. ton shall ever be liable or responsible for i
contracts or faults in any further sum tha
the unpaid balance due the company ON a
"a count OF tU6 SHARES OI 6LOCh O"ucU ny ululJ IL
i. shall any mere informality in the organizatic
d have the effect OF rendering this charter or
70 exposing the stockholders to any liability
IS yond the amount of this unpaid stock su
g. scriptiou.
:, ARTICLE vi.
d, The corporate power of this company shi
Y, be vested In a board OF directors composed
s, seventeen members. The f1rpt board of dire
Or tors shall be constituted as follows: E.
+ Boagni, E. P. veazie, NJ. Halphen, NJ; vilasee
er ]. j. Thompson, ]. P. saizan, Isaac Roos, J.
O. SandoZ, Thos. H. Lewis, T. j. Dletlein. II.
Estorge, r. Lee Garland. E. d. Estilette, j.
NJ. Boagni, B. FL. Pavy, o. Dardeau and l..
a. Dossmann. The directors herein named sh
b. hold office until the >hrst Monday in May, 10
ne and annually thereafter on the first Monday
n the month OF May general meeting OF t
of and there shall be elected from among I
ne stockholders as many directors. to serve d.
te ing the ensuing year, as will complete
az board. Notice of this meeting shall be Civ
nd by the publication in newspaper published
80 Opelousas and q notice mailed to each sto
Y. holder for fully ten days prior thereto; at
nd elections vote of majority of the stockho
70, ers present and represented shall be necessa
ay to elect, and at such election each stockhol(
nd shall be entitled to cast, either In person or
ay proxy, one vote for each share of stock held
)y- him. Any share or shares OF STOCK transfer
lie ten days prior TO election shall not be EMIT
er, to vote. Ali directors shall continue in of
IN, until their successors are elected and induc
nd into Office. The directors shall elect one
nd their number to be president of said compa
Ter and another to be vice-president, and n
elect from among themselves, or appoint fr
others outside of directors one person to
, secretary, another person to be treasurer,
Ihe other person to be the general manager,
~, one person to be attorney of the company
one person to fill all positions. Said board Il
IL, oh, ntf Nfn nYtn