The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1910-12-03

corporate franchises and immunfties,
real or personal property or any Dor-
ton of the same; to lease or sell its
lines of roddWays in whole or in part
20 other companies; to lease other rail-
ways either within or without the
state of Louisiana, to purchase or con-
.eiidate with other railway compa lies
organized under the laws of the State
q Louisiana or any other state Of the
Union, and acquire and hold stocks,
tends and securities OF such other
railway corporation as this corpora
tien may be interested in to con-
struct and maintain passengers de-
pots, freight Yards and warehouses;
as union Gepots; to construct or other
wise acquire and operate steamships
aid other vessels fer the carriage OF
sreight and passengers for hire: to
construct. own and operate docks and
" harYes for the landing OF vessels and
scr the securing, storing and forward
ng Of f4tig,ht and accommodation of
pass engers; to establish and operate
eiegraph and telephone lines; to con-
tsuet or otherwise acquire. maintain
tssd operate canals for navigation
&nI to acquire and hold stocks. bonds
y other securities of other corporal
{ ems owning and operating such ca
.als; to construct, own and operate
rban and intel urban railways with
lectric CT other motor power, and gen
orally to hold and exercise all such In
dental powers generally and privi-
!ages as relate to the objects herein
ct forth.
ARTICLE ".
The capital stock Of this corpora
ion is hereby declared to be the sum
of one million, five hundred thousand
sHafs divided into and represented !
" fifteen thousand shares, OF the par
,alpe of che hundred dollars each |
gfieh stock shall be paid In cash, OF
On such installments and after such
notices as the BOARD OF directors may
*, or may be issued In payment of
abor or services rendered or property |
actuallv received by said corporation.
In case of failure of any subscriber
% pay the installmants demanded on |
lis stock as required, the board of fi-
,ectors shall have the option, after !
hirtY days written notice to the de-
inquent, Of forfeitiEg the stock with |
il the amounts previously paid there
n and no stockholder shall have the |
light to vote while in default for un-
paid instsllments dne on his stock.
This corporatio may begin its busizI
ess ard operations as soon as five
thousand dollars of the capital stocF
hall be subscribed and paid for.
All shares of stock shall be fulIs
nd ar,d ,,o!-a ssfses "a 5lte apd transfers
of staelS shaH not be binding upon said
oInp8tiF ufslsas Recorded upon Its
ooks OF transfer.
10 stakeholder shall be held liable
r responsible for the contracts OF
'aults of said corporation in any fur
her sum than the unpaid balance due |
n shares of stock owned by him: nor
hall any mere informally in oTgani- |
Z ticr1 have the effeet of rendering this |
9harter null or of exposing a stock |
holder to any liability beyond the |
mount of stock subscribed by him.
The subscription and stock books /
shall he kent at the domic!le and II !
he Office of the Company. where GER
acates of stock Shall be issued to thu /
-ubscr!pers, and no transfer of stock I
sail be recoRnfzea as valid and bind
ne until The sarnd Is made upon thf
took rocks of the Company Stock
,noks shall be closed for the tronsfee /
s+aa'- tt,i,.tv davs hefere election.
All subscribers to stock and all WIG |
I'D at:tl t:3re sGocK by 0ttIffase al |
tharwisa, shah be deemed members |
+ this set Of ineofpptattqn;
RE46LE ",