The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1910-12-17

The domieile of this corporation shall
be at Donaldssnville, La, where serv-
ice of citation or other legal process
shall be made upon the president OF
said corporation, or, in his absence,
upon one of the vice presidents, or in
the absence of said officers, upon the
secretary of said Company.
ARTICLE III.
The objects and purpose for which
this corporation is organized ard
.ojntleu and the nature OF the business
10 be carried on by it are hereby de-
clared TO be: To construct or other
wise acquire. maintain and operate fol
the carriage OF passengers, freight,
nail and express matter, line OF rail-
road which will be common carrier,
with one or more tracks. from the town
of DonaIdsonville in a outh-eastern
direction through the parishes of AS
ension, Assumption and Lafourche, to
he village of Leeyille, Lafourche Par
sh, Louisiana, and to such othel point
n OF out Of the state as may be de-
ermined by the board of directors:
with such motive power as the Com
pany may determine eXpedient, with
all necessary spurs, side tracks,
switches. turnouts, water tanks, sand
houses. yards, depots, warehouses.
grain elevators. cotton compress, round
louses, sheds, coal chutes. warehouses,
platforms, ferries, bridges, and all 9TH
er accessories. adiuncts and apnnrte
nances, connecting lines of railway,
timer points on main line as said cor
soration may select to other points IL
he state of Louisiana or outside
thereof; to obtain and receive by grant
purchase, gift or bequeSt both real anG
personal property; and for the pur-
chase of land. supplies, material, roll
ing stock, or the payment of labor
contracts and works, to issue stock
certificates or bonds in payment there
Of and at such valuations as may be
agreed upon by and between the diree-
Eors of this corporation and owners
land material, supplies, rolling stock
and Iaborers or contractors of work
% obtain, receive or accept from any
state county, levee boards, parish, dis
trict, ward, village, town. corpora tons
or person, any rights, privileges or
franchises which the same may offer
for the construction, maintenance
mana cement or HSe Of its tfanSporta-
ton lines their depots, wharves, shops,
cars locomotives, and general business
which the same may choose to grant
release or otherwise confer or give; to
borrow money or to purchase and lease
property on its own credit for the pur-
pose eff constructing, maintaining and
operating the lines of transportation
and telegraph, and, as evidence OF the
Indebtedness of this corporation fe'
such loans or the purchase or lease 6f
bonds, or promissory note, bearing In
lereSt ana made payabIe elmer III
United States currency or gold coin
and at such time and place as may be
improved nv the directors; and for Sc
curing the payment of said bonds o.
notes; to mortgage and pledge It rail
road. GaRital stock, company buildings
corpora tie franchises and immunities
real or personal property or any por
ton OF the same; to lease or sell IT
lines of roadways in whole or in par
to other companies; to lease other rail
WAYS either within or without thu
State of Louisiana; to purchase or con
solidate with other railway eompan1e,
organized under the laws of the Statt
of Louisiana or any other state OF tn
Union, and acquire and hold stocks
bonds md securities of such othe.
railway corporation As this corpora
ton may be Interested In; to con
struct and maintain passengers de
pots, freight yards, and WAREHOUSE
and to permit the use of such depoTs
as union depots; to construct or other
wise acquire and operate steamships
and other vessels for the carriage @
freight and passengers for hire; t6
construct, own and operate docks ane#
wharres for the landing of vessels and
for the securing, storing and forward
ing of freight and accommodation OF
passengers; to establish and operate
telegraph and telephone lines; to con-
struct or otherwise acquire, maintain
and operate canals for navigation
and to acquire and bold stocks, bonds
or other securities of other corpora
lions owning and operating such ca
nails; to construct. own and operatt.
urban and interurban railways with
electric or other motor power, and gen.
orally to hold and exercise all such in
cidenta1 powers generally and priv
1eges as relate to the objects herein
set forth.
ARTICLE ".
The capital stock of this corpora
ton is hereby declared to be the sun.
of one million, five hundred thousanG
dollars, divided into and representa-
by fifteen thousand shares, Of the pal
value of one hundred dollars each
which stock shall be paid in cash, o.
on such instailments and after sncf
notices as the board of directors may
fix or may be issued IN payment o.
labor or services rendered err propertt
actually received by said corporation
In case of failure of any subscriber
to pay the installments demanded o.
his stock as required, the board OF di-
rectors shall have the option, afte5
thirty days written notice to the de
linquent, of forfeiting the stock witt
all the amounts previously paid there
on, and no stockhoIder shall have tn"
right to vote while in default for un
paid insta11ments due on his stock.
This corporation may begin its bust
ness and operations as soon as hVe
thousand dollars of the capital STOCK
n
All shares of stock shall be fully
maid and worcestershire, and transfer
OF stock shall not be binding upon sale
company unless recorded upon 1T
books of transfer.
No stockhe1der shall be held liable
or responsible for the contracts CT
faults or said corporation in any fur
Their sum than the unpaid balance dur
on shares of stock owned by him; MOI
she'll any mere informslity in organi
cation have the effect OF rendering this
charter null. or of exposing stock
holder to any liability beyond tho
amount of stock subscribed by him.
The subscription and stock books
shall be kept at the domiclle and II
the office of the Company. where Ger
tifieates of stock shall be issued to tn
subscribers, and no transfer Of stock
shall be recognized IS valid and bind
ing until the same Is made upon the
stock hooks of the Company. STOCK
books shall be closed for the transfe,
81 stock thirty DAYS before election.
All subscribers to stock and all who
should acquire stock by purchase o.
otherwise shall be deemed member
of this act of Incorporation.
ARTICLE V.
The corporate powers of said cor.
poration shall be vested in and exer
Il q