The Lafayette advertiser. [volume] (Vermilionville [i.e. Lafayette], La.) 1865-19??, 1907-09-13
nj the same and to have the right

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 into
which it may pass, any rights. prlvl-
leges. franchises or immunities, contrl-
buttons or aid that any OF the said
parishes. parish wards, cities, towns
or villages NAV choose to grant with
reference to the construction, man
agement. maintainance, and operation
and use of the railroad or railroads
of said company, It's 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 eXrropriate property
according to existing laws or future
laws.
Section 10. To cross, intersect,
iOin 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, ana upon
the grounds of such other railroad or
railroads or elsewhere. with m nee
essary turnouts. sidings. spurs,
switches. and other c~Onvenlences ID
fu~rtherancp of the objects OF It's con-
n%ections and business.
Section II. To purchase or lease
from any railroad company or cor
nOratiOn the railroads, charter, iran
chises, property and appurtenances
thereof, and to maintain use, operate
the same as a part of the propert! Vi
this company.
Section II. To borrow money or TO
purchase or lease property on its W
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
for such loans or for the purchase,'
lease and construction OF such
property to issue its corporate
bonds or promissOry notes pear
ing interest at such rate per an
mum as the company may elect, pay
able at such time or places as may NC
agreed upon and for securing the pay
ment of such bonds or notes ana the
interest thereon, to mortgage anu
pledge it's railroad or railroads l's
capital. it's corporate franchises, aho
any and all of its real estate ana per,
sOnal property, or both by deeu VI
trust or any other form OF hypothe'
cation.
ARTICLE ".
All citations and other legal pro-
cess shall be served on the preslden'
of the company or in his absence
upon the vice-president. secretary
or ~reasure of said corporation, OF
upon such other persons as may On
designated by the company.
ARTICLE v.
Section l. The capital stock o
this corporation shall be one million
dollars, represented by two hundred
aud fity thousand shares OF a pal
value of twenty-five dollars per snare
The subscriptions to the capital stOcl
to be paid in instalments, as caiiee
for by the Board Of Directors, Tn
total amount payable not less thal
twelve months from the first cali' PR,
vided that not over % per cent snai
he called for at one time nor shai
more than one call be made ever.
sixty days.
Section 2. The time and manner TO
paving subscriptions for said STOCK o
this corporation shall be determines
by the Board of Directors. excep
that no stock shall be issued by thl
company unless it is for money o
property actually received by 1t or 10
labor done.
Section 3. In case of the failure o
any subscriber tn pay the whole o
any part of his subscription at tn
time or in the name fixed by tn
Board of Directors, the shares O
stock so subscribed for and all pay
, ments previously made thereon. a
their option may be forfeited to tn
company for the Board of Director
after service of written notice and fail
ure to pay. T..
!, Section 4. No stakeholder of sal
corporation shall v be liable o
!, responsible for its contracts or fault
, in anv further sum than the unpai
, balance due the company on accOuu
' of the shares of stock owned dy him
nor shall any mere infOrmality in or
, pauizatior have the effect OF rehderin
: this charter null or Of exposing tn
!, stockholders to any liability beyon
|, the mount of his unpaid stock sui
scription.
ARTICLE VII.
: The corporate powers of this con
/. pany shall be vested in a Board {
/ Directors, composed OF fifteen men
: bers. The first Board of Director
, shall he constituted as follows: Gu:
tave Fusilier, Julius ]. Stage, jaime
: J. Lewis, Homer BarOusse, l.. E
: Arceneaux, Julian Mouton, P. [
DeClouet, Ed G. VOORHEES,, Chas. {
!, Gallery, Jos. A. Villien, Cyprien l
Trahan, Alfred J. GODDARD, Jos.
Ewell, Frank A. Godchaux, j. NelsO
Green: of which James j.. Levi
shall be president, j. Nelson Gree
: vice-president and Charles d. CATER
] secretary-treasurer.
The directors herein named sha
t hold Office until 1st Monday of Jul
: A. d. 1908, and annually thereafter
e on the first Monday Of July..a gener;
: meeting of the stockholders OF sal
company shall be held, and there sha
r be elected from among the stockhOlt
ers as many directors to serve durin
the ensuing year as will complete tt
Board. Notice of this meeting sha
be given by publication in a newsps
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