The Lafayette advertiser. [volume] (Vermilionville [i.e. Lafayette], La.) 1865-19??, 1907-10-25

of way across, along, n upon an.
waters, lake, bay, inlet. street, high
way. turnpike or canal which its sale
railroad may pass along, interSect
} touch or cross.
Section 8. TO obtain by grant OF
otherwise from any parish. parish
ward, city, town or village, within
This state or any other state into
which it may pass, any rights, privi-
leges.franchises or immunities. contri-
buttons or aid that n of the said
parishes. parish wards. cities. towns
or villages may choose to grant with
reference to the construction. man.
agement. malntalnance, ard operation
and use of the railroad or railroads
or Sald company, Its depOtS, cars, To-
~cOmntlvPS and its business within the
limits of each and any such parishes,
parish wards cities. towns o villages.
Section 9. To appropriate property
according to existing laws or future
laws.
Section 10. To cross. intersect.
Join or unite its railroad or railroads
or branches with any other
railroad or railroads heretofore
or hereafter constructed in the State
OF Louisiana. or any other state at
any point upon its route. and upon
the grounds of such other railroad or
railroads or elsewhere. with the nee
essary turnOutS. sidings, spurs,
switches. and other conveniences ID
furtherance Ut the objects of its on
nectionS and business.
Section IL. To purchase or lease
from any railroad company II cor
puratlOn the railroads, charter, fran
,hises. property and appurtenanceS
thereof. ana to maintain use, operate
thH same As Il part of the property of
this company.
Section II. To borrow money or to
purchase OF lease property on its own
credit for the purposes of constructing,
maintaining and operating it's rail-
ROADS and branches, or establishing
continuous or connecting lines as
hereinafter provided, and as evidence
for such loans or for the purchase,
lrase and construction of such
property to issue its corporate
bonds or prOmissory notes bear
ing interest at such rate per an
mum as the company may elect, pay
able at such time or places as may be
agreed upon and for securing the pay
ment of such bonds or notes and the
interest thereon. to mortgage and
pledge its railroad or railroads. its
capital, its corporate franchises. and
any and all of its real estate and per-
sOnal property. or both by deed of
trust or any other form of hypothe-
cation.
ARTICLE ".
All citations and other legal pro-
cess shall be served on the president
of the company or in his absence,
upCn the vice-president. secretary
or treasurer of said corporation. or
upon such other persons as may be
designated by the company.
ARTICLE V
Section l. The capital stock of
this corporation shall be one million
dollars. represented by two hundred
aud fifty thousand shares of a par
value OF twenty-five dollars per share.
The subscriptions to the capital stock
to be paid in ipstalments. as called
for by the Board of Directors, the |
total amount payable not less than
twelve months from the first call: pro-
vided that not over 25 per cent shall
be called for at one time nor shall
more than one call be made every
sixty days.
Section 2. The time and manner for |
paying subscriptions for said stock of
this corporation shall be determined
by the Board of Directors, except
that no stock shall be issued by this
company unless it is for money or
property actually received by it or for
labor done.
Section 3. In Ease of the failure of
any subscriber tn pay the whole or
any part of his subscription at the
time or in the n fixed by the
Board of Directors, the shares of
stock SO subscribed for and all pay
ments previously made thereon. at
their option may he forfeited to the
company for the Board of Directors
after service of written notice and fail
ure to pay.
Section 4. No stakeholder of said
corporation shall ever be liable or
responsible for its contracts or faults
in any further sum than the unpaid
balance due the company on account
of the shares of stock owned by him.:
nor shall any mere informality in or
ganiZatior have the effect of rendering
charter null or of exposing the
stockholders to any liability beyond
the amount of his unpaid stock sub
scriptiOn.
ARTICLE VII.
The corporate powers of this COM
pany shall be vested in a Board of
composed of fifteen men,
The first Board of Directors
shall be constituted as follows: Gus
tave Fusilier, Julius j. Stagg, James
J. Lewis, Homer Barousse, L. 3.
Julian Mouton, P. L.
DeClouet, Ed G. VOORHEES,, Chas. d.
Jos. A. Villien, Cyprien D.
Trahan. Alfred j. GODDARD, Jos. S. !,
Frank A. Godchaux, j. Nelson !,
of which James J. Lewis !
shall be president, j. Nelson Green {
vice-president and Charles D. Gallery f.,
OBSERVATION-DISCLOSURES.
The directors herein named shall /.
1old Office until 1st Monday of July {
A. d. 1908, and annually thereafter,
IN the first Monday of July. a general
Meeting of the stockholders of said
company shall be held, and there shall
elected from among the stockhold-