The daily comet. [volume] (Baton Rouge, La.) 1850-1856, 1852-11-25

Stste Of Mississippi, and for that purpos
we have formed the annexed charter, an
have signed the same, and have added {
our signature statement of the number Q
shares and the amount Of our subscription
to said Company.
CHARTER OF THE COMPANY. !.
LIST. The said corporation shall be callel
the "Baton Rouge and Clinton Plank Roat
Company aud its domicile is fixed in th,
city of Baton Rouge
End. The said corporation is establishes
for the purpose Of constructing, working
and maintaining plank road from Bator
Rouge to Clinton Louisiana, and from thence
hereafter to be continued to Liberty ir
Amite County, State Of Mississippi, should
company be formed in Amite County to
connect at the State line.
3rd. The capit1l stock of the Company
is fixed at One Hundred Thousand Dollars,
divided into four thousand shares at twenty
five dollars each. A payment of five pei
cent on theamount of each share shall be
made, within thirty days after the election
of the first Board Of Directors. The subse-
quent payment shah be made in such sums
and at such periods as shall be fixed by the
Board Of Directors. Provided "That no
call shall be made, for a3reater amount than
ten per cent. at one time, and that sixty
days notice Of each call shall be given, by
publication in one newspaper published in
Baton De6ge which shall be known to the
stockholders as the official paper of the
Company, and in one newspaper published
at Clinton.
4th. The said corporation, shall 60 into
operation and be organized, 80 soon as
shares of stock to the amount Of Thirty
Thousand Dollars shall have been SUBJ
scribed.
9Th. The business Of the corporation shall
be conducted at its domicil, in the city of
Baton Rouge by Board composed Of seven
Di1eet0rs, who shall Be stockholders. The
Directors shall elect one of their body as
President Of the Company, at their first
meeting after their election. A quroum to
transact business shall consist of at least
three members and the President, or any
four members Of the Board. At all elections
by the stockholders, and at all their meet
ings each share shall be entitled to one vote
Votes may be given in person or by proxy.
The President of the Company is the officer
of all process or citation against the Com
pany may be made, and the company agree
to be bound, by service of process or cita-
ton, whether made on the President in
person, or to his address, at the Office of the
company in the hands of any of its officers
9Th The first Board Of Directors shall
be chosen as soon as the list of subscription
shall be closed. This election shall be held
at Baton Rouge under the superintendent
of the commissioners hereafter designated
and appointed to receive subscriptions
All subsequent elections shall be held at
Baton Rouge under the superintendent Of
three commissioners appointed from am
ongst the stockholders by the Board of Di-
rectors for the time being. Notice Of the
first election of Directors, shall be given
fifteen days in advance, in at least one news
paper published in Baton Rouge, and one
published at Clinton. The first Board of
Directors shall hold Office until the third
shall be annual, and each subsequent Board
shall be elected on the third Monday Of Dec
ember. A failure to elect Directors, shall
notrdissolve the corporatioc, but the Board
il ofllee shall continue the exercise of its
functions until new board can be elected. |
All notice Of elections and Of meetings of |
after the first election above |
provided for, shall be given by publication !
thirty days in advance, in the Official paper |
Of the company, and in one paper published
ut Clinton.
9TH. The following persons are hereby
appointed commissioners for the purpose Of
receiving subscriptions 10 the stock Of said
Viz: Commissioners at Baton
Rouge, T. G. Morgan, S. M. Hart, H. +.
Waddill, A. S. Heron Eueone Lanoue and
w. s. Pike At Clinton, J.sH. Muse, H.
II. Haynes, Henry Marston, CIV. Munday,
]. B. Smith, VIM. Patterson and NJ. G..
Mills. The saidscommissioners shall have
power to appoint deputies or agents in
other places to receive subscriptions
Three shall form quorum to do business.
The subscriptions shall be closed as soon as
the amount of Thirty Thousand Dollars
,hallAave been subscribed, and the COM
shall Immediately thereafter
.ause this charter, with the names of the
10 be registered in the Office of
he Reecf Of Mortgages as required by
aw, and shall cause notice to be given
md an election for Directors held as provid-
ID for in the 9Th Article of the charter.
sth. Immediately after the election I
If the first Board of Directors the SUBJ {
cription list shall be opened for term {
If three months at such places = may be
eemed advisable by the Board q Directors '
md public notice shall be given thereof in 8
/ newspaper published at the place where {
aid subscription books are opened and the
'oa1d shall have power to appoint agents g