The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1910-11-26

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 tn
State of Louisiana; to purchase or con
soIidate with other railway compante
organized under the laws Of the Stat
OF Louisiana or any other state OF IN
Union, and acquire and hold stocks
| bonds and securities Of such othe
railway corporation a. this corpora
| ton may be interested In; to con
Btruct and maintain passengers de
pots, freight yards, and warehouses
IS union depots: to construct or other
wise acquire and operate steamship
and other vessels for the carriage o
freight and passengers Tor hire; I
construct. own and operate docks an
wharves for the landing of vessels an
for the securing. storing and forward
Ing OF freight and accommodation o
passengers; to establish and operat
telegraph and telephone lines; to con
struct or otherwise acquire, maintain
and operate canals for navigation
and to acquire and hold stocks. bond
or other securities of other corpora
lions owning and operating such ca
nails; to construct. own and opef&Il
urban and interurban railways witt
electric or other motor paWer, and gen
orally to hold and exercise all such In
/ cidentai powers generally and priyi
leges as relate to the objects hereiI
ARTICLE ".
The capital stock of this corpora
ton is hereby declared to be the sun
Of one million, ave hundred Thousand
dollars, divided into and represented
by fifteen thousand shares, of the pal
value of one hundred dollars each
which stock shall be paid in cash, OF
on such installments and after sucf
notices as the board of directors may
fix. or may be issued IN payment OF
labor or services rendered or property
actually received by said corporation
In case of failure of any subscriber
to pay the installments demanded on
his stock as required, the board o. di-
rectors shall have the option, after
thirty days written notice to the de-
linqnent, of FORGETTING the stock with
all the amounts previously paid there
on. and no stakeholder shall nave thf
right to vote while in default for I'm
paid installments due on his stock.
This corporation may begin its bus1-
ness and operations as soon as -fVs
thousand dollars of the eapHal~stock
shall be subscribed and paid for
All shares of stock shall be fully
paid and worcestershire, and transfers
of stock shall not be binding upon said
company unless. recorded upon Its
books of transfer.
No stockholder shall be held liable
or responsible for the contracts OF
faults of said corporation in any fur
Their sum than the unpaid balance due
on shares of stock owned by him; nor
shall any mere informa1ity in organt-
cation have the effect of rendering this
charter null. or of exposing a stock
holder to any liability beyond the
amount OF stock subscribed by him.
The subscription and stock books
shall be kept at the domiciie and in
tificates Of stock shall be issued to the
subscribers, and no transfer of stock
shall be recognized as valid and bind
ing until the same is made upon the
stock books of the Company. Stock
books shall be closed for the transfer
Of stock thirty days before election.
All subscribers to stock and all who
should acquire stock by purchase or
otherwise, shall be deemed members
OF this act of Incorporation.
ARTICLE v.
The corporate powers of said cor
poration shall be vested in and e1er-
cised. and the business and affairs of
this corporation shall be managed and
conducted by a board of directors COM
posed of nine members. Said directors
shall be elected annually on the first
Monday of October, or such other day
as the stockholders at regular or any
special meeting may fix, and all such
elections shall be by nallot. OF each
election. ten days prior notice shall be
given in a newspaper published in the
town of Donaldsonvi1le, La, and the
directors thus elected shall serve until
their successors shall have been cleo
ted. A majority of the votes cast
shall elect. and each share of stock
shall be entitled TO one vote either
in person or by proxy. failure tic
elect directors on the day required
shall not dissolve the corporation, but
the board of directors shall continue
to hold their Office and another cleo
ton shsi1 be held within thirty days
and ten days prior notice
shall be given in a newspaper pub
lished in the town Of Donaldsonville
La. Any vacancy occurring in tht
whatever shall be filled by election by
the remaining directors. Five directors
shall 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
drst and second vice president. and
also elect secretary and treasurer
but the same person may hold the Of
ace OF secretary and treasurer; and
shall appoint from time to time such
officers, clerks. agents, and confer
power to appoint same and other en-
ployees as may be deemed necessary
FOR the business and purpose of said
and dismiss the same al
pleasure: and shall have full power TIC
or amend, or alter conformably to the
act of Incorporation all bylaws. rules
and regulations deemed requisite for
the control and management of the
affairs and business of said corpora
ton; and shall have full power to bor-
row money. execute mortgages. issue
bonds, make contracts, make rules for
the declarations Of dividends, and gem
orally to do all things and act in all
matters pertinent to the objects and
purposes of this corporation: as also
to deliver full paid shares of this
stock or the bonds or obligations Of
this corporation in payment for labor
done. or money, or rights in property
actually received.
And any rule or bylaw Is subject
10 repeal notifications or change by
the holders of majority of the stock
1t any meeting of the Company. The
notice Of the annual meeting of the
may be given by publica-
ton as above provided for, or such no.
nice may be given by ten days notice
IN writing to each stockholder of the
time ard place OF holding said annual
which may be served by
such notice to him adj
dressed through the mails to his last
known place OF residence of business;
provided, that when all OF the stock
holders are present in person or by
proxy they may waive In writing the
notice and delay for such meeting, ex-
sept in cases where otherwise pro-
Tided by law.
In voting for directors each stock
holder shall be entitled to cast either
n person or by proxy, one vote for