The Lafayette advertiser. [volume] (Vermilionville [i.e. Lafayette], La.) 1865-19??, 1907-10-11

| W dltIS. ldh'. Joy L'HAC'
wav. turnpike or canal which its said
railroad may pass along, intersect.
touch or cross.
Section s. 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, privi-
lepes. franchises or 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, 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 g.. 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, OF any other state at
any point upon its route, n upon
the grounds of such other railroad or
railroads or elsewhere, with the nee
essary turnouts. sidlngs, spurs,
switches. and other ~conveniences IN
%furtherance of the objects of its con-
nections and business.
Section IL. To purchase or lease
from any railroad company or or
poration the railroads, charter, fran
chises, property and a~ppurtenanceS
thereof. and to maintain use. operate
the same as a part OF the property Oh
this company.
Section II. To borrow money or to
purchase or lease property on It's 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 OF places as may De
agreed upon and for securing h pay
ment of such bonds or notes and the
interest thereon. to mortgage and
pledge it's railroad or railroads., It's
capital, its corporate franchises, and
any and all of its real estate and per.
sOnal property, or both by deed OF
trust or n other form of hypothe,
cation.
ARTICLE ".
All citations and other legal pro-
cess shall be served on the president
e Al ~. IN his ohCnncp
upon the vice-president, secretary
upon such other persons as may bt
designated by the company.
ARTICLE V.
Section /. The capital stock OF
this corporation shall be n million
dollars, represented by two hundred
and fifty thousand shares OF a pal
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 h a
twelve months from the first call: pro.
vided that not over % per cent shall
be called for at n time o shall
more than one call be made every
sixty days.
Section 2. The time and manner fol
paying subscriptions for said stock O
this corporation shall be determined
by the Board of Directors, except
that no stock shall be issued by thi:
company unless it is for money OF
property actually received by it or fol
labor done.
Section 3. In case of the failure o
any subscriber tn pay the whole OF
any part of his subscription at the
time or in the manner fixed by the
Board of Directors, the shares o
stock so subscribed for and all pay
ments previously made thereon, a
their option may be forfeited to the
company for the Board of Director:
after service of written notice and fail
ure to pay.
Section 4. No stakeholder of sale
corporation shall ver be liable OIL
responsible for it's contracts or fault:
in n 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 tn,
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 O
Directors, composed of fifteen mem
bers. The first Board of Director.
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 d
Trahan, Alfred j. GODDARD. Jos. S
Ewell, Frank A. Godchaux, J.. Nelson
Green; of which James j. Levi.
shall be president, J. Nelson Greer
vice-president and Charles d. Caffery
OBSERVATION-DISCLOSURES.
The directors herein named shall
hold Office until 1st Monday of July
A. d. 1908, and annually thereafter
on the first Monday of July. a genera
meeting of the stockholders of sale
company shall be held, and there shall
be elected from among the stockhold
ers as many directors to serve during
the ensuing wear as will cOmplete thu