The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1913-08-23
jerate its said railroad roads or branch


) inlets, streets, yards, turnpikes or canals
and public lands Of the State of Louis
lana or of the United States through o
over which its said roads may pass
touch or cross.
Section s. To obtain by grant o
otherwise, from any parish or state o
town or country. or village, or parish
! ward within this state, all rights. priv
ileges and franchises, that any or sale
parishes, cities, towns or villages O.
parish wards may choose to grant. ir
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
theranoe 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 it's railroads and branches, or es-
tablishing continuous or connecti.nc
lines, as hereinbefore provided, and az
evidence of the Indebtedness If said co1,
poration for such lines, q for the pur-
chase, lease or construction of sac}
property to issue It's corporate bonds ,or
promlssory notes, bearing interest at
sucn rates per annum az the said cor.
poration may elect, payable at such
times and places rs may be agreed mon
and for securing the payment Of sucb
bonds or notes, and tho interest thereon
to mortgage and pledge its railrf ,ads. It's
capital stock. its corporate franchises
and any OF all Of its real o. personal
property or both.
ARTICLEIv.
All citations and other levaI nrocassos
-4ssulng from the courts against this cor.
poEslon snail be served upon its President
Or - hs absence from tae Parish Of ST..
Mary, upon the Vice. Pr, sident. or in the
ABSENCE e OF Goth the President and the
lce.r Iesloent from the Parish Of st.
Mary, then upon the Secretary or Treas.
1rer Of this corporation, at the office and
l0mlclIe OF the COMPANY.
ARTICLE v.
Inc amount Of the capital stock of
his corporation shall be three hung
thousand dollars, divided into three
thousand shores having q par value of
me hundred dollars per share. This
charter shall become operative. and the
aid corporation shall CONNER &c busi-
Tess as soon as one hundred Thousand
lollars Of this capital stock shall have
'een subscribed for.
Section Q The time and manner Of
aging subscription of stock of said
operation shall be determined by the
.oa1d OF Directors except III at no stock
nall % issued BY the Board Of Direc-
oos' or Dy tne evaporation un less it be
g money or property actually received,
FOE isOof done, or services performed.
section = In case Of fsill re on the
art OF any subscriber to pay the whole
any part OF his subscription to the
apatal stock Of this company at the
Ro OF 10 the manner fxt d by the
Iaro OF directors, the shares of stock
for by him. and the pay
lents heretofore made by him thereon,
'ay ct their or ,tion be forfei ted 10 the
s;lpoIatlon ~ the Board of Directors,
. 1er services of written notices on the
'nnquens subscriber, and failure on
: part to pay the BALANCE within a
u n4eF BY the Board.
oeotic n 4. No stakeholder of this
rpor alton shall ever be held liable or
'rs@ Tally responsible for contracts or
IL Of this corporation in any further
l. than the unpaid balance due by
q sor her on the shares of stock SUBJ
ribbed. for. Nor shall mere informality
, ORGANIZATION have the effect Of rem
ering this ~.charter null, or exposing |
~ stockholdeE to any liability beyond |
le amount Of LIVESTOCK subscription.
ARTICLE vi.
"The corporate powers q tnls corpora.
on shall be and are vested ~ Board OF
composed Of Five (a stoc. hold
8. The Board Of Directors asNnow con-
ituted is composed Of the Following
T. Cheney Lawless, wills
am Z. Stewart, Pete Cherry, Mrsk Minnie
!. Connolly and T. Clarence Law Tess. Of
hom T. cheney Lawless is PRECEDENT;
I. E. Stewart is Vice-President; >Pete
berry il Secretary and Treasurer. The
Dove named officers and directors shall
old Office until the first Tuesday in Nov.
/ her, 1918. On which date, and annual.
thereafter, meeting Of the stockhoId- I
3 Of this corporation shall be held and
lere shall then be elected Five (5) Stock. .
2lders Of this company, to serve as direc-
rs during the ensuing year. Notice OF
lis meeting shall be given in any news>
sper published in the Parish Of St. Mary, ]
for full ten u0) days prior /
lereto, or it may be given by personal
rvice on each stakeholder or by letter,
allied TO each stakeholder in the U. 8.