The Natchitoches enterprise., 1913-04-24
CHARTER.

State Of Louisiana Parish Of Nstchtoches
Be il 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 a corporation with the FOL
lowing Articles as the charter thereof
ARTICLE l.
The name Of the corporation shall be on
ANGE- NORTHEASTERN RAILWAY
COMPANY OF LOUISIANA
Its domiciIe shall be the City Of Natchuoches
Parish Of Natchitoches, State Of Louisiana.
The President, and In his absence the oecre-
tary at the Corporation is hereby designated as
the officer on whom legal process shall be served.
ARTICLE II.
1t shall exist for period Of SO years, 1t shall
have and enjoy the following rights and powers
and also all other rights. powers and privileges
gwen by present or future laws to Railway Sor-
porations, viz:
| To have and enjoy succession by its corporate
name for said period Of 80 years. to contract sue
and be sued in its corporate name; to make ano
Use a corporate seal and the same to alter ana
break at will to hold, receive, exproPrate, Pur-
chase and convey property. real and personal o. OF
mixed; to name and appoint such managers. d.
yectors and officers its interests or convenience
NAV require; to make and establish such bylaws
| for the proper management and regulation OF the
sffans Of the corporation as it may deem neces-
sary and proper; to leaae to or from any other
railway corporation or corporations; to borrow
money for construction. repair or acquisition OF
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
Terms as said Board of Directors may direct.
ARTICLE Ill.
The pv pose for which this corporation IS es.
tablshed and the nature Of the business to b
carried on by il are as follows:-
To construct equip and maintain and operate
} a railroad between the City Of Naichitoches
Louisiana and point on the East bank of thu
, Sabine river, opposite the City Of DANCE Texas
: and to acquire BY construction, purchase, lease
consolidation or in any other lawful manner ex
tensions Of said railroad both ways from saic
points to such other points, whether within o
out Of this State as the Board Of Directors ma,
: hereafter determine; and also such branch line
from said railroad and its extensions as said Boar
, Of Directors may deem proper; and the Who'll
or any part thereof to operate itself or lease @
. release in whole or in part for operation to an
I other Company or companies, or sell to or con
!, solidate with any other company or companies.
: ARTICLE ".
j The capital stock Of this corporation is hereb
: fixed at Five Hundred thousand Dollars DIVIDE
o. into Five Thousand $1,000 shares. Of One Hun
/ dred Dollars each. :,
No stock shall be issued until same is full
II paid for either in money or property actually re
l. ceived or for services actually rendered.
o Property shall be received for stock only at j
fair cash value to be fixed by the Board of D
. rectors. Services rendered and to be paid tor
g stock shall only be done after fair valuation
Y the said services by the Board Of Directors.
v Money subscriptions should be paid as 70
h lows:
y In cash at the time Of subscribing.
i The corporation shall begin business WIFI
0 Fifty thousand Dollars Of the stock Is subscribe
Y ARTICLEV.
U All the powers Of fhis corporation, except su'
IS as by rhe law or by this charter are specially
d quired to be exercised by the s,ockholdsE, 'er
a selves, are hereby vested in and sbrs- ris
bya Borrd Of Dnectorsssge Creditors ]:
- tSaU y ns ore .hsstchitoches, Slssssttftaz
In conformjtlal be exer&ct
S. of eeomposea Of not as
81 % q ! !. ~ lloller. 4,
~ Icsiief Ines5oard Of Directors conss 9