The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1910-12-10

eolidate with other railway companie;
organized under the laws of the STATE
IF Louisiana or any other state of the
Union, and acquire and hold stocks
railway corporation as this corpora.
ton may be interested in; to con
struct and maintain passen gers de
pots freight yards, and warehouses
and to permit the use of such depo5s
as union depots; to construct or other
wise acquire and operate steamships
and other vessels for the carriage o
freight and passengers for hire; t
construct, own and operate docks ans
wharves for the landing of vessels ant
for the securing, storing and forward.
ing of freight and accommodation o.
passengers: to establish and operats
telegraph and telephone lines; to con
Struct or otherwise acquire, maintai
and operate canals for navigation
and to acquire and hold stocks, bond
or other securities of other corpora
tons owning and operating such ca
nails: to construct. own and operate
urban and interurban railways witt
electric or other motor power, and gen.
orally to hold and exercise all such in
cidental powers generally and priv.
leges 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 thousand
dollars, divided into and represented
by fifteen thousand shares, of the par
value of one hundred dollars each
which stock shall be paid in cash, OF
on such instalIments and after such
notices as the board of directors may
TX, or may be issued IN payment OF
labor or services rendered or properts
actually received by said corporation
In case of failure of any subscriber
o pay the installments demanded or
lis stock as required, the board OF d1-
eeetors shall have the option, after
hirty days written notice to the de-
inquent, of FORGETTING the stock with
III the amounts previously paid there
IN, and no stakeholder shall have the
right to vote while in default for un-
3aid installments due on his stock.
This corporation may begin its bust
1ess and operations as soon as five
thousand dollars Of the capital stock
shall be subscribed and paid for.
All shares of stock shall be fully
aid and worcestershire. and transfer
of stock shall not be binding upon said
.ompany unless recorded upon its
books of transfer.
No stockholder shall be held liable
n responsible for the contracts or
auIts of said corporation in any fur
her sum than the unpaid balance due
IN shares of stock owned by him; nor
hall any mere informality in organi-
:ation have the effect of rendering this
harter null, or of exposing stock
holder to any liability beyond the
mount of stock subscribed by him.
The subscription and stock books
hall be kept at the domicile and in
he office of the Company. where Ger
ifieates of stock shall be issued to the
.ubscriberS and no transfer of stock
hail be recognized as valid and bind
ng until the same is made upon the
took books of the Company. Stock
looks shall be closed for the transfer
+ stock thir+v DAYS before election.
EIw Il Ill
hpdId acquire stock by purchase or
otherwise, shall be deemed members
f this act of incorporation.
ARTICLE v
The corporate powers of said cor
Grafton shall be vested in and exer-
Used, and the business and affairs of
his corporation shall be managed and
onducted by a board of directors COM
osed of nine members. Said directors
hall be elected annually on the first
fonday of October, or such other day
S the stockholders at regular or any
peeial meeting may fix, and all such
elections shall be by ballot. OF each
sIection ten days prior notice shall be
given in newspaper published in the
own of Dona1dsenville, La. and the
directors thus elected shall serve until
heir successors shall have been cleo
ed. A majority of the votes cast
hall elect, and each share of stock
shall be entitled to one vote either
n person or by proxy. failure to
eleet directors on the day required
shall not dissolve the corporation, but
the board Of directors shall continue
TO hold their Office and another cleo
ion shall be held within thirty days
thereafter, and ten days prior notice
shall be given in a newspaper pub 4
lished in the town of Donaldsonville
Ia. Any vacancy occurring in the
board of directors from any cause
whatever shall be filled by election by
he remaining directors. Five directors
Fhal constitute quorum for the
transaction of business.
The board of directors at the first
in each year shall elect from
their own number president and a
irst and second vice. president, and
also elect a secretary and treasurer
but the same person may hold the of
ice of secretary and treasurer; and
shall appoint from time to time such
officerS, clerks, agents, and confer
3ower to appoint same and other en-
Dloyees as may be deemed necessary
or the business and purpose of said
corporation, and dismiss the same a.
pleasure; and shall have full power to
make and establish, as well as chan ge
Or amend, or alter conformablY to the
&ct of incorporation all bylaws, rules
md regulations deemed requisite folsI
he control and management of the /
fairs and business of said corpora
ion; and shall have full power to bor-
oW money, execute mortgages, issue |
1ondS, make contracts, make rules fof |
he declarations of dividends, and gen
orally to do all things and act in all |
matters pertinent to the objects ans.
of this corporation; as also |
o deliver full paid shares of this |
,tock or the bonds or obligations Of
his corporation in payment for labor
lone, or money, or rights IN properts |
actually received.
And any rule or bylaw is subject I