Baton-Rouge gazette. [volume] (Baton-Rouge, La.) 1819-1856, 1852-12-04
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BATON ROUGE and CLINTON
Plank Road Company.

into a cot operation. under the laws OF the State 1
Lotiskisna. az particularly set forth IN an act emit
tied an Vet for the organisation Of corporations 70
uofts Of pphff improvement aud ttihiy''~-a cop
Of which Il %iiereinto annexed. for the purpose {
constructing a Plank Roaa from the city Of Baio
Rouge III the Parish Of Fast Baton Rouge, 10 III
town of Clinton, in the Parish Of East Felieiant
and from thence along the most cligable route {
II point that will connect thu town OF Liberty i
Anlite county, State OF Mississippi, and for tina
purpose We have formed the annexed charter, an
have signed the .attie. and have added 10 ctr sig
nature a statement OF the number Of shares ntt
The atnsunt Of our subscri piivts TO said Copipa
ny.
CHARTER oFTHE COMPANY.
lat The said corporation shall he called III,
Baton Rouge and Clinton Plank Road Company
aud Its domicile IL fxed in the city Of Batol
Rouge.
2nd. The said corpora lon Ia established for TN
purpose OF constructing, working. and maintain
ing . plank road from Baton Rouge to Clin,oI
Louisiana and from thence hereafter 10 be con
tinaed 10 Liberty In Amite county, State Of Miss
issipai. should Il company be formed In Atnit'
County 10 connect al the State line. lz
3D.. The capital stock OF the Company IL fxet
at One Hundred Thousand Dollars, divided intt
four thousand shares al twenty-five dollars each
A payment of FIVE per cent OH the amount o
each share shall be made, within thirty days Of
ter The election Of the first Board of Directors
The subsequent = eytnent shall he made IN suei
snns and at stch periods as shall be fixed by thu
Board Of Directors. Provided THAT no call shal
be made. for q greater amount than ten per cent
at one time, and that sixty days notice OF each
| call shall be given, by publication IL one news.
paper published IN Baton Roug which shall We
known 10 the stockholders as the official paper 81
the Company, and in one newspaper published
at Clinton.
Ath, The said corporation shall go into opera
ton. and DO organized, 40 soon as shares OF stock
TO the amount Of Thirty Thousand Dollars shall
| have been subscribed.
9th. The business of the corporation shall be
conducted al hs ~,otniril, IN the city OF Baton
Rouge by a Board composed Of seven Directors,
who shall be stockholders. The Directors shall
elect one of their body as President ofthe Com
pany, at their first meeting after their election,
A quorum to transact business shall consist of AT
least three members and the President, or any
four members ofihe Board. AT oil elections by
the stockholders, and at all their meetings each
share shall be entitled to one vote. Votes may
be given in person OF by p,ofy. The President
Of the Company is the officer designated as the
one on whom legal service Of all process or cita-
ton against the Company may be made, and the
company agree TO be bound, by service OF process
or citation, whether made on the President In per-
son, or to his address q, the office OF the compa-
ny IN the hands Of any of its officers.
9Th. The first Board Of Directors shall be cbo-
sen az seon as the list OF subscription shall be
closed. This election shall be held al Baton
Rouge under the superintendent Of the COMMITS
sioners hereafter designated and appointed to re-
ceive subscriptlon.-All Subsequent elections
shall be held al Baton Rouge under the superin-
fn,nt,fi.n ~ jbr,. .r,,tts,tps,1s,afa nn,,aiUfpa Irnu,
amongst The stockholders by the Board OF Direct
ors Tor the time being. Notice Of the first elee-
ton of Directors, shall be given fifteen days in
advance, in at least one newspaper published in
Baton Rouge. and one published at Clinton. The
first Board Of Directors shall hold Office until the
third Monday in aniary, 1854. The election
shall be annual, and each subsequent Board shall
be elected on the third Monday Of December.
A failure to elect Directors. shall not dissolve the
corporo,ion, but the Board in office shall continue
the exercise OF its functions until q new board
can be elected. All notice Of elections and Of
meetings of stockholders after the first election
above provided for, shall be given by publication
,hitty days in advance, in the official paper Of
- company, and in one paper published ut Chm
ton.
7th. The following persons are hereby appoin-
ted commissioners for the purpose of receiving
oubstil ptibHD w ~ StbNk Va eou ~
vis: Commissioner at Baton Rouge, T. q.
MoReAN, S. NJ. HART, II. I. WApplLt, A. s.
HERaos, EUGENE LasouE and w s. PKG. AT
Clinton, J. H.. MUSK, II. II. HAYNES, HEHRY
MARsroN, G.. w. MuNDAY, J. B. SMiTu, VIM.
PATTERSON and NJ. G. MfLLs. The said COM
missioners shall have power 10 appoint deputies
or agents in other places TO receive subscriptions.
Three shall form a quorum 10 do business. The
subscriptions shall be closed as soon as the
amount Of Thirty Thousand Dollars shall have
been subscribed, and the commission FRS shall i'm
mediately thereafter cause the. charter with the
names OF the subscribers to be registered in the
Office Of the Recorder OF Mortgages as required
by law, and shall cause notice to be given and an
election for Directors held as provided for in the
9th Article of the charter.
sth. Immediate ly after the election Of the first
Board Of Directors the subscription list shall be
opened for a term Of three months at such places
as may be deemed advisable by The Board Of Din
%rectors, aud public notice shall be given thereof
a newspaper published at the place where sa
subscription books are opened; and the boats
shall have power to appoint agents Tor receivin
subscriptions. At the end of said three months,
it the amount OF subscriptions shall exceed tn
amount of capital required, a meeting OF stock
holders and subscribers shall be held TO determine
whether the capital shall be increased 10 the
w " dIJOuEL " Tic SuDsCtIDliOE hHu IL u
capital be not so increased, then the number OF
shares subscribed shall be reduced from the larg-
est subscription 80 as not TO diminish the number
of shares of any subscriber, while another re- |
with a larger number of shares. II their
be any deficiency in the amount of capital SUBJ
the said subscription books may be re-
opened and closed from time to time, until the
capital shall have been subscribed.
9th. lncase o~ftailnre on the part fany subscri-
Der to pay the enstallments on his stock as requir-
the Board OF Directors, shall have the option.
after thirty days written notice to the defaulter,
Of FORGETTING the stock. and selling it for the bene-
lit of said stakeholder, or of compelling by suit
The payment of such enstallment and no stock
holder shall be permitted to vote while in default
10th. All meetings of Stockholders called for
he purpose of increasing or diminishing the cap.
ltal stock of the company or for any Of the purpos-
IS enumerated in the fifth section OF the act of
he Legislature of Louisiana entitled @.An act for
organization Of corporations for mork Of pabhc
Improvement and utility shall be composed Of per-
sons holding in their own right, or as agents for
at least three-fourths of the stock of the
company, in order to take valid and binding ac-
in the premises, at all other meetings of
and at all elections, a majority Of
stock shall be represented, and in this latter case,
{ such majority be not present nor represented
he meeting shall be adjourned for one week,
ind the vote Of the majority Of the stock present
md represented at such adjourned meeting shall
lind the company in the same manner, as if a
of all the stock were present and rep
nth. Any vacancy in the Board of Directors,
occurring during the year may be filled by a vote
# the Board Of Directors.
12th. Thu President and Directors Of said cor
shall have power to make ard use a
ommon seal-to elect a newspaper. which shall
e known to the Stockholders as the official paper
+ the company. and in which all advertisements