The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1913-10-25

operate its said railroad roads or branc
lines, or parts of the same. and to hav
its right Of way across, along or upo
any water or water courses, lakes. bays
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 8. To obtain by grant o
otherwise, from any parish or state o
town or country. or village, or parisl
ward within this state, all rights, priv
ileges and franchises, that any or sait
parishes, cities, towns or villages o
parish wards may choose to grant. il
lawful manner with reference to thu
construction. maintenance, operation
management and use Of this corporation
its. depot, cars, locomotives, and it,
business within the limits of any of the
said parish, states or villages.
Section 9. To appropriate property fol
its purposes, according to existing OF
future laws.
Section 10. To cross, intersect, join
and unite its railroads and branches
with any other railroads heretofore OF
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 q
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 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 issue its corporate bonds or
promissory notes, bearing interest at
such rates per annum as the said cor
poration may elect, payable at such
times and places as may be agreed upon,
and for securing the payment of such
bonds or notes. and the interest thereon,
to mortgage and pledge it's railroads, its
capital stock. it's corporate franchises
and any or all of its real or personal
property, or both.
ARTICLEIv.
All citations and other legal processes
issuing from the courts against this cor.
portion shall be served upon its President
r n q nj
Mary, upon the Vice. President. or in the
absence Of both the President and the
Vice-President from the Parish of st.
Mary, then upon the Secretary or Treas
urer Of this corporation, at the Office and
domicf1e Of the Company.
ARTICLE v.
The amount of the capital stock of
this corporation shall be three hundred
thousand dollars, divided into three
thousand 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 Q. The time and manner of
paying subscription of stock of said
shall be determined by the
Board of Directors except that no 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 his subscription to the
capital stock of this company, at the
in, k~v
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 TO 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
ime fixed By the Board.
Section 4. No stakeholder of this
corporation shall ever be held liable or
responsible for contracts or
aults of this corporation in any further
um than the unpaid balance due by
i'm or her on the shares of stock sub.
cribed for. Nor shall mere informality :
. organization have the effect of rem
erinR this charter null, or exposing
ny stakeholder to any liability beyond
le amount of his stock subscription.
ARTICLE vi. Ii
"The corporate powers Of this corpora.
on shall be and are vested in q Board Of
irectors, composed Of Five (5) stockhold
3. The Board of Directors. as now con. {
ituted is composed OF the following :
7. Cheney Lawless, Wiz
am E. Stewart, Pete Cherry, Mrs. Minnie t
Connolly and T. Clarence Law less, of
hom T. cheney Lawless is Presidents;
(. r. Stewart Is Vice-President; Pete
perry Is Secretary and Treasurer. The
love named Officers and directors shall T
Id Office until the first Tuesday In Now
lber, 1918. On which date, and annual. :
thereafter, meeting of the stOckhold.
J of this corporation shall be held and
ere shall then be elected Five (5) Stock
lders OF this company, to serve as direc-
IS during the ensuing year. Notice Of
IS meeting shall be given In any news,