The Lafayette advertiser. [volume] (Vermilionville [i.e. Lafayette], La.) 1865-19??, 1907-10-18

wav. turnpike or canal which its said
J 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 OF ~immunities. cOntri-
buttons or aid that any of the said
parishes. parish wards. cities, towns
or villages may choose to grant with
reference to the construction. man
agement. maintenance, and operation
and use of the railroad or railroads
of said company. Its depots, cars, To-
comotives and its business within the
limits of each and any such parishes,
parish wards cities, towns or villages.
Section 9. To appropriate property
according to existing laws or future
Jaws.
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 IL
furtheranca of the objects of its con-
nections and business.
Section II. To purchase or lease
from any railroad company or cor
pOratiOn the railroads. charter. fran
chiseS. property and ap~purtenances
thereof, and to maintain use. operate
the same as a part OF the property OF
this company.
Section u. TO borrow money or to
purchase or lease property on its own
credit for the purposes of constructing,
maintaining and operating its rail-
roads and branches. or establishing
continuous or connecting lines as
hereinafter provided, and as evidence
for such loans or for the purchase.
lease 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-
Son&l 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 ~ in his absence,
upon 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 n million
dollars, reprecented 10y two hundred
and fifty thousand shares of a par
value of twenty-five dollars per share.
The subscriptions to the capital stock
to be paid in instruments. 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 p per cent shall
be called for at one time nor shall
more than one call be made every
sixty days.
Section ,. The time and mannerfor
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 ,. In case of the failure of
any subscriber to pay the whole or
any part of his subscription at the
time or in the manner fixed by the
Board of Directors. the shares OF
stock so subscribed for and all pay
ments previously made thereon, at
their option may be 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
this charter null or of exposing the
stockholders to any liability beyond
the amount of his unpaid stock SUBJ
scription.
ARTICLE VII.
The corporate powers of this com
| pany shall be vested in a Board of
Directors, composed of fifteen mem
bers. The first Board of Directors
shall be constituted as follows: Gus
tave Fusilier. Julius J. Stagg. James
j. Lewis, Homer BarOusse, l.. B..
Arceneaux. Julian MoutOn, P. l..
DeClOuet, Ed G. VOORHEES,. Chas. d.
Gallery. Jos. A. Villien. Cyprien ID.
Trahan, Alfred j. GODDARD. Jos. S.
Ewell, Frank A. GOdchaux. J. Nelson
Green: of which James j.. Lewis
shall be president. J. Nelson Green
vice-president and Charles ID. Gallery
secretary-treasurer.
The directors herein named shall
hold Office until lst Monday Of July
A. ID. 1908, and annually thereafter.
on the first Monday of July. a general
meeting of the stockholders If said
company shall be held, and there shall
be elected from among the stOckhOld-
ers as many directors to serve during
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