The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1913-09-06

l any W6tol VI WdIcT COuTScS. l8k0Ss DAY .,
inlets. streets. yards, turnpikes or canals,
and public lands of the State of Louis.
lana or OF the United States through OF
| over which its said roads may pass,
touch or cross.
Section s. To obtain by grant o.
| otherwise, from any parish or state OF
town or country. or village, or parish
ward within this state, all rights, priv
ileges and franchises, that any or said
parishes, cities, towns or villages or
parish wards may choose to grant. in
lawful manner with reference to the
construction. maintenance. operation,
management and use of this corporation.
its depot, cars. locomotives, and its
business within the limits of any Of the
| said parish, states or villages.
Section 9. To appropriate property for
its purposes, according to existing or
future laws.
Section 10 To cross, intersect, join
and unite its railroads and branches
with any other railroads heretofore or
hereafter constructed in the State of
Louisiana, or any other state, or any
point upon its road, and upon the
grounds of such other railroads else
where that the necessary sidings, spurs,
switches and other conveniences in fur
therance of the business of this corpor-
porption may require.
Section IL. To purchase or lease from
any other corporation or railroad, the
railroad or railroads, franchises. prop
erty, and appurtenances thereof, as to
maintain, use and operate the same as
part of the property OF this corporation.
Section IL. To borrow money, is
sue bonds, TO purchase or lease prop.
erty on its own credit, for the purpose
of constructing, maintaining and oper-
ating its railroads and branches, or es-
tablishing continuous or connecting
lines, as hereinbefore provided, and as
evidence of the Indebtedness Of said cor
pOratiOn for such lines, or for the pur-
chase, lease or construction of such
property to issne its corporate bonds or
promissory notes, bearing inter st al
such rates per annun "a the said COR
poration may elect, payable at such
times and places us may be agreed upon,
and for securing the payment of such
bonds or notes. and the interest thereon,
to mortgage and pledge its railroads, its
capital stock. it's corporate franchises
and any or all of its real or personal
property, or both.
ARTICLE Nv.
All citations and other legal processes
issuing from the courts against this cor.
portion shall he served upon its President
or in his absence from the Parish of St.
Mary, upon the Vice. President, or in the
absence Of both the President and the
from the Parish of st.
Mary, then upon the Secretary or Treas
urer Of this corporation, at the Office and
domicile Of the Company.
The amount Of the capital stock OF
this corporation shall be three hundred
dollars, divided into three
shares having par value of
one hundred dollars per share. This
charter shall become operative, and the |
said corporation shall commence bust.
ness as soon as one hundred thousand |
dollars of this capital stock shall have |
been subscribed for.
Section 2. The time and manner of
paying subscription of stock of said
shall be determined by the
Board of Directors except that DO stock
shall be issued by the Board of Direc-
tors, or by the corporation unless it be
for money or property actually received,
or for labor done, or services performed.
Section 8. In case of failure on the
part Of any subscriber to pay the whole
Or any part of bis subscription to the
capital stock of this company, at the
lime or in the manner fixet by the
Board OF Directors, the shares Of stock
subscribed for by him. and the pay
nents heretofore made by HIM thereon,
nay at their option be forfeited 20 the
by the Board of Directors,
lfter services Of written notices on the
delinquent subscriber, and failure on
lis part to pay the. balance within
lime fixed By the Board. Il
Section 4. No stakeholder of this
corporation shall ever be held liable or
personally responsible for contracts or
aults OF this corporation in any further !
nm than the unpaid balance due by
i'm or her on the shares of stock sub.
cribed for. Nor shall mere informality
D organization have the effect of rem
ering this charter null, or exposing
ny stakeholder to any liability beyo "a
he amount of his stock slbscriptio a
ARTICLE vi.
"The corporate powers Of the ,e,>o
on shall be and are vested 8o.rJ q,
directors, composed Of Five Is, s.oeSho u -
3. The Board Of Dire .fors, a. now now n cnu.
it1t sd,, Is composed Of he following
%, = sta.., 1; Cneney Lawless, wiz
an co =; stewart nnd etc Cherry, Mrs Minnie
HON I: cheney -slwIess is President:
. =. StewagA = Vice President; Pete
LEFTY Is Secretary and Treasurer. The
o ~, aAHsa oMcers and directors shall
o'n o1af We until the first Tuesday in Nov.
1Res, iaIS. On which date. and annual.
g tn ~ eS, meeting Of the stockhold.
VI snis corporation shall be held and l
ere snaii then be elected Five (5) Stock
,Iuers OF this company, to serve as direc. b
y ooring the ensuing year. Notice Of II
rs meeting shall be given in any news
,@ss published me in the Parish Of ST. Mary,
,ans =, i % III, iuii ten l10) days prior
r ryice on each stockholder Or by letter. =
aiied 10 each stockholsse. In the TI s.