The Natchitoches enterprise. (Natchitoches, La.) 1888-1965, 1913-05-08
CHARTER.

State of Louisiana Parish of Natchitoches
Be it known that on this the 18th day Of
April 1913, before me the undersigned authority,
came and appeared the parties named in Article
TX hereof, acting in the capacities set forth in
said article, and said appearers declared that they
do hereby organize corporation with the fol-
lowing Articles as the charter thereof
ARTICLE |.
The name Of the corporation shall be OR
ElGE-NORTHEASTERN RAILWA Y
- lMPAAiX-p 2 81. ! q ,lsIANAsl--~
tets domiciIe shall be the City Of Natchttoches
Parish Of Natchoches, State Of Louisiana.
The President, and In his absence the Secre-
tary of the Corporation is hereby designated as
the officer en- whom legal process shall be served
ARTICLE II.
1t shall exist for period Of 90 years, 1t shall
have and enjoy the following rights and powers
and also all other rights, powers and privileges
given by present or future laws to Railway Cor
porations, viz:
To have and enjoy succession by its corporate
name for said period Of SO years. to contract. sue
and be sued in its corporate name; to make and
use a corporate seal and the same to alter and
break at will; to hold, receive, appropriate pur-
chase and convey property, real and personal or
mixed; to name and appoint such managers, d.
rectors and officers It's interests or convenience
may require; to make and establish such bylaws
for the proper management and regulation of the
affairs OF the corporation as it may deem neces-
sary and proper; to leaae to or from any other
railway corporation or corporations; to borrow
mr. Il
property or franchise and for this purpose to issue
bonds or other obligations secured by mortgage
or pledge of the corporate property franchises, in
comes, revenues and receipts, payable in such
terms and at such times and places as the Board
OF Directors may determine; with power to sell,
pledge or otherwise dispose of said bond on such
erms as said Beard Of Directors may direct.
ARTICLE Ill.
The pr pose for which this corporation IS es-
tablished and the nature Of the business to be
carried en- BY ii are as follows:-
To construct, equip and maintain and operate
a railroad between the City of Natchitoches
Louisiana and point on the East bank ct the
Sabine river, opposite the City of O,ange Texas
and to acquire by construction, purchase, lease,
or in any other lawful ssmanner ex-
tensions of said railroad both ways from said
points to such other points, whether within or
But Of this State as the Board Of Directors NAV
hereafter determine; and also such branch lines
rom said railroad and its extensions as said Board
# Directors may deem proper; and the whole
" any part thereof to operate itself or lease or
elease in whole or in part for operation to any
dher Company or companies, or sell to or con- |
olidste with any other company or companies.
ARTICLE w.
The capital stock Of this corporation is hereby
xed at Five Hundred Thousand Dollars divided
Ito Five Thousand 5000 shares, of One Hun
red Dollars each.
No stock shall be issued until same is fully
aid for either in money or property actually re-
eived or for services actually rendered.
Property shall be received for stock only at its !
ir cash value to be fixed by the Board of Di-
ctors Services rendered and to be paid for in
ock shall only be done after fair valuation Of
&c said services by the Board of Directors
Money subscriptions should be paid as fol-
ws:
In cash at the time Of subscribing
The corporation shall begin business when
fly thousand Dollars Of the stock is subscribed. 4
ARTICLE v. 3
All the powers of fhis corporation. except such
by rhe law OF by this charter are specially re-
red to be exercised by the stockholders them
Ives. are hereby vested in and shall be exercised
Board of Directors composed Of not less
an SIX nor more than Eleven stockholders who
all be elected by ballot by the stockholder. at
meeting to be held on the lst Monday in MAY
each year after 1913.
When the Board Of Directors consists Of s;x
more. -Four shall constitute quorom.
The said Board shall annually elect. viva voce
m amongst its own members. President Vice
.sident, Secretary, and Treasurer: and NAV
Ct or appoint such other officers, agents attof-
rs, or employees as they may deem proper,
discharge same at will.
The following stockholders shall compose the
/ Board and shall hold Office ill their success
5 are duly elected viz;