Glasgow weekly times. (Glasgow, Mo.) 1848-1861, 1851-05-01
DANVILLE CONVENTION.

Charles, Warren, Montgomery, Cal.
oway and Boone counties were rep
esented. A. o. Foshey, of Boone,
President, and w. B. Adams Of Mont.
,omery Secretary.
The first day was spen, in adopting
! plan of organization, and appointing
committee TO digest the plan. Mr..
w oodson, of Boone, was chairman Of
he committee, on the second morning
IF the convention, submitted the fol.
owing report, which was concurred
IN:
WHEREAS, the General Assembly OF the
State OF Missouri, BY general law, ap>
proved 9th February A, D. 1851, did
enact, that any number Of persons might
form themselves into corporation for
the purpos OF constructing and owning
Plank road, or McAdamized road or
road composed partly Of Plank and partly
Of Matchmaking, used as a covering sur,
face, by complying with The acquisitions
W Sdlu at, huH luo
being we'll satisfied that Plank Road,
SO called, commencing at the city Of ST.
Louis on the Mississippi river. thence 10
the city OF ST. Charles in the county OF
81. Charles and terminate on the Mis-
souIi river in the city Of Glasgow in How
ard county passing on the north Of said
river, from ST. Charles, through the press
~ 10 or NM.
rem. Montgomery, Galloway. Boone and
Howard. would greatly promote their in>
dividual, as well as the public veal and
is in every aspect Of the case an object OF
deep import and worthy the enterprize oil
the citizens OF said counties, as we'll as
others who may be disposed 10 embark in
an undertaking so commendable; in view,
therefore, Of the promotion and accom-
pIshment OF said objects, and in virtue
Of the power conferred by said act. do
hereby order and establish the following
articles OF association as the constitution
Of a corporation.
LIST. To be known by the name and style
Of the "Boonslick Plank Road Company"
and as such TO make and use common seal
and 10 alter the same, 10 have succession, 10
sue and be sued plead and be implicated. in
sll courts OF law or equity having cogn!>
lance Of ahy matter effecting such corpora.
ion.
%. The road contemplated 10 be con.
structed and owned by said corporation to
De made in such manner and out OF such
as will constitute it emphatcally
q Plank road in the common acceptation OF
The term.
3d. The said road shall commence al the
city Of S.. Louis, on the Mississippi river,
and terminate on the Missouri river in the
city OF Glasgow in Howard comfy, passing
hrough The present county seats OF the said
before named counties.
4lh. The amount Of the capital stock own.
ed by said company is hereby fixed q. the
sum OF five hundred thousands dollars, 10 be
increased il necessary; divided at present
into five thousand shares OF enc hundred
dollars each.
5lh. The existence Of said corporation
shall embrace the Term Of thirty years, from
and after the time Of filing these articles in
The offices Of the Recorder OF said counties
as provided by the law.
9Th. The subscription OF each s,ockholdeI
shall be due and payable in such time, man
ncr and proportion as the Directors OF sad
company may order and direct, and il shall
be lawful for said Directors, 10 require se.
curi,y for the payment OF any stock subscribe
ed in such manner as they may prescribe.
9Th. The number OF such Directors shall
be nine, 10 be elected annually, end who
shall. from their own body, elect President
and Treasurer, and also a Secretary. but the
Secretary may or may not be Director,
provided he is a stockholder; and no person
shall be eligible to the office OF Director who
no, q sockhoder.
S'h. The Directors shall require bond
with sufficient security Of the Treasurer, in
such penalty as vii ensure faithful dis.
charge Of the duties OF his Office.
9Th Any person by signing his name to
these Articles, with his place OF residence,
number OF shares and amount OF stock sub.
scrbsd by him or her, shall be considered a
member OF said corporation, and entitled TO
all the privileges, immunities and emolu>
menls as a member thereof, and subj ect 10
all equitable liabilities OF such corporation.
lOIh. Every stockholder shall be entitled
TO one vote for each share owned by him
10 be cast in person or by proxy es may be
provided by law.
lllh. The estimated amount OF stock ne,
cessary 10 construct said road through any
Of The aforesaid counties, shall in the first
place be reserved 10 be taken and subscribed
by the citizens OF any such county and the
county court thereof or by both. provided
that the same be taken within three months
rom the time Of opening books, for the
Of stock in said company.
l2Ih, Should there be failure, however,
on The part OF any such county 10 take the
stock SO reserved, within The time specified,
then the privilege secured by the immediate
" proceeding article, shall be regarded as
forfeited.
18th, Books for the subscription Of stock
IN said company shall be opened in the