The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1904-06-02
CHAR T E r
MartindaIe and Ouachita
River Railway.

MartindaIe and Ouachita
River Railway.
State of Louisiana, BE 1T KNOWN,
Parrish Of Bossier. That on this day,
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 a 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 1.
The name and title of the corporation
hereby formed is declared to be the
! MARTINDALE AND OUACHITA RIVER RAIL-
WAY. Its domicile shall be in Bolinger,
Parish of Bossier, State of Louisiana;
it shall have and enjoy sussession by it's
corporate name for a period of ninety
nine years from and after the date
hereof. All citations or other legal
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
OF 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 a 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 fol
the proper and successful operation OF
said railroad.
ARTICLE III.
The capital stock of this corporation
is hereby fixed at the sum of 100000
divided into and represented by 1,00(
shares at the par value of $10O each, tt
property, provided that the said corpo.
ration may organize and commence bust
ness when as much as $50 shares of sale
capital stock shall have been subscribed
and paid in, as above provided.
/ ARTICLE Nv.
This corporation, through its board O
directors, shall have full power and au
thority to contract, sue and be sued il
its corporate name; to make and use
corporate seal; to acquire all necessar.
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, right
and franchises of the company; to nam
and appoint such managers, agents an
officers as its interests and convenienc
may require, and to make such bylaws
rules and regulations for the prope
management and conduct of it's affair
as may be necessary and proper.
ARTICLE ".
All corporate powers of this corpora
ton shall be vested in and exercised b
a board of directors, composed of fiv
stockholders, a majority of whom sha
constitute a quorum for the transactio
of business; they shall make all by
laws, rules and regulations for the man
agement of the business and the affail
of the company, and alter, amend an
| change the same at pleasure.
The President, or General Manage
shall make all contracts, hire and dis
charge all officers and employees, an
generally do and perform all thine
necessary in the transaction of the bus
ness affairs of the company, subject
the control of the board of directors
the said board of directors may fill a
vacancies which may occur in the boal
from death, resignation or other cause
ARTICLE vi.
The first Board of Directors of tn
corporation shall consist of S. H. 30
niger, w. B. Boggs, M. S. Bolinge
J. S. Boggs and B. II. Bolinger, vii
S. H. Bolinger as President; w.
Boggs, Vice President; M. S. Bolinge
Treasurer; j. S. Boggs, Secretary, al
B. H. Bolinger, Auditor; who shall no
their Offices until the second Monday
January, 1905, or until their successo
shall have been duly elected and qua
flied. On the second Monday in Jam
airy, 1905, and annually thereafter,
/ election for directors shall be held at Il
Office of the company at Bolinger,
Bossier parish. All corporate electio
shall be by ballot, and majority Of Il
stock present shall elect. Each share
stock shall be entitled to one vote, eth
), in person or by proxy, at any meeting
the stockholders. Notice of electi
shall be given by publication at lea
three times in newspaper published
Bossier parish.
ARTICLE VII.
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
= a meeting of the stockholders conven
It for that purpose, after thirty days pr
: notice thereof shall have been given
r the Secretary, by publication in one
Dr. the newspapers published in Boss
parish. Said commissioners shall i