Baton-Rouge gazette. [volume] (Baton-Rouge, La.) 1819-1856, 1852-07-10

a aeslHBaleH by The IuniIiiskiunsfs charged Will
= receiving subsc ptiens Matchmaker designated.
= Notice Of this election shall be given by publ
cation matie fifteen lays in ady ID d iewspH
Q per published IN laioi Rouge.
q The first election shall be held under tire,
OF the Cennnis siufiefs aforesaid! all ettise
guent elections Under Tie superintendent Of three
Q Commissioners 10 be appointed tiom amongst tht
g stockholders by the Board oil Directors for Tbs
time being. The first Board Or Directors shall
! hold office Until The 1st Mendny Of Anil. 1868
The elections shall he annual. and each subsequent
: Hoatd hail be elected on the third Monday u
March A failure TO elect Directors shell moi
dissolve The Corporation. but The Board IN Office
| shall eofftint q the exercise Of lis functions Until
, a new Board can he elected All notices Of eiau.
items and OF meetings Of Stockholders after The
first election above provided fer, shall be given
by publication fifteen | ays iii advance inihe off
cial paper OF the Company.
9TH The following refs ons me hereby apnein-
ted Commissioner Tor HE purpose OF receiving
subscriptions 10 the stock Of ssid C0rperaiiun, viz
Bagpns Gtcsse TEE and Marin souin.-Chas. A.
Slack, Iheo. Johnston. Wn ]. logan, DR.. T. s..
Garrett, Dl. q. w. Campbell.
West Bafon Ilnnge.-W. +. Roherison. DR.. W.
J. Lyle, !. VI. DntaId, VIM. r. Stuart, John l..
Lebdell. and Dir. L. 7. Vaughan.
Batnt RetEe Cffs-Wnh &. Pike, Samuel M.
Hart, ". H. Chreiislaw, d. D. Avery, and W.
d. Philips.
The said Commissioners shall have power 10
srlleint d ,puties 81 agents in other places for re-
teiving sulscfirtiois@-thfee shall ioiri a Quorum
to do ~liisieess.
The lists Tor subscription shall he closed as
soti ss the amount Of twenty thousand dollars
shall have Teen stlbkciihtd.
As soon as the subscription list shall he clofed
they shall all he returned to the dufnieil uf the
Company Tor Registry IN The tfhte Of the Eeeof-
der Of Mortgage Of Baton Rouge as required by
law,
9th. Immediately after The election of the first
Board OF Directors. the subscription lists shall
be opened again for a term ofihlee months whenA
ever The said Board OF Directors may deem il adj
visalIe and public notice shall be given thereofin
a newspaper published al the place where said
subscription books are ereh ed, and the Beard
shall have fowtr 10 appoint agents for receiving
the subscription. All The end Of The sbid three
~mohttsif The amount Of subscription shall exceed
the capital required, d meeting OF Stockholders
and stbsefibeis shall lie heid to determine whether
the Capital bhnll lie in3feasetttp tle whole amount
OF subscription, and ii the Capital be not SO In
creased, then the number Of shares subscribed
shall be reduced by deductions from the largest
subscriptions SO as not 10 diminish The number OF
any subscriber whilst another remains with a lar
ger number d shares.
If here be any deficiency in the amount of
capital subscribed, the said subscription books
may be fe-orened and closed nom time 10 time
't NV - Ns1'tu Stthtt e. ' Lttf u
10th. In case Of failure OH The 1ia,t Of any sub
sctiber to pay the obligations assumed by his sub
s~crlptien as required. the Board OF Directors shall
have the option after thirty days written notice
10 ihe ~deianlter. Of Iorleliing the stock and sell
ling 1t Tor the benetit Of said stakeholder or of
compelling by suit, the Judgment Of such inttaIl-
n1eni-ahd no stakeholder shall be permitted to
vote while in default.
18th All meet ngs of Stockholders called for |
the ptrpose OF increasing or diminishing the ca
/ iial stock Of The Company, or for any Of the
purposes enumerated In The filth section of The
act of the Legislature of ! o~uisiana, entitled IAN
Act iut the organization OF CORPORATIONS for works
Of public improvement and utility shall BE CONF
posed oil persons holding IN their own rigid. or as
agents for others. Mt least three iouftIs oil the
stock OF the Company, lii order 20 make vail and
binding their action In the premises. at all other
meetings OF Stakeholder, and at oil elections, a
majority Of stock shall be represented and in
this latter case, il ste1 majority be hot present
nor represented, the meeting shall be adjourned
for one week, aud the vote Of The majority of
stock present and represented ut stich adjourned
meeting, shall bind the Company In lie same
manner as II q majority of all The stock were
present and represented.
l2ih. Any vacancy III the Board OF Directors
occurring during the year, may be filled by a vote
OF The Board Of Directors.
18th. The President and Directors of said Cor.
poration shall have power to make and use a
eofl1mon seal, 10 elect d newspaper which shall
be known to the Stockholders az the official pa
per Of the Company, and In which all Tia alver.
iisenents shall appear, ind do everything ncees.
tary isr the construction. repair, and maintenance
OF the road hereinbefofe described, TO determine
The line OF the Road, and the depots that may be
necessary TO make and construct all works
whatsoever foi the proper construction and conn
pletion OF aid Roal, and to purchase such slaves
.ttl NIaT.ta -k .xx1.S La. ALa...uL FIJI -
construct all bridges over fsvigable and other
Streams and canais, and whether said crossing be
by ferry or bridges; TO prescribe the width and
heightl OF said bridges. and the size of The proper
draws, when over navigable streams for the pas
sage OF vessels, 10 contract specially for work,
labor, or materials TO be furnished TO the Compa.
ny, ahd to agree whether the whole or any mart
thereof shall be payable in the capital stock of
The Company 10 appoint o Secretary. Troasu.
Superintendent, Engineer. Solicitor, and other
officers and servants necessary 10 the c,fl true.
and proper maintenance Of The said Plank
Road TO make all contracts Tor Tie III finishing Of
the ncct ssary equipments and supplies for the
Road on such credits as they may deem proper;
borrow money i9r aud on account of said Road
in any sum not to exceed len thousand dollars,
unless authorized by q vote oil two-thirds OF The !,
Stockholders. and to mortgage The said Road and |
It's apptirfenances to secure the payment of the !
anne, and shall have power TO pledge or dispose i
of all or any part Of The stock notes to make all /
he arrangements necessary for tho speedy and |
proper construction OF said Road; TO purchase with |
he funds oil the Company all the vehicles, teams, !
and other equipments deenee by them necessary !
Or useful Tor the purposes of The Company and !.
8hen said koatf has been rendered passabie for !
The public by its grading ami the erection Of {
bridges.to fix the rates OF toll thereon, and 10 COL
The same 10 erect upon said Road all such {
dwellings, and establishment for toll gathercrs us c
may be necessary, and suitable gates for the de-
OF persons passing over the Road until the I
required has been paid 10 make oil r,iics s
regulations, and other by-laws deemed me- !
,essary for the proper, safe, and regular transac- :
ion of the business or the Co,npany--htf such 4
and regulations shall be subject to repeal, {
,ha1se, and amendment or modification by The {
Stockholders, ar their meetings. or by the Presi-
end Directors IN the intervals they may c
accept donations in land or monay, or sncll matc- c
or labor as may be ~useiufto The Company 6
declare annually the d~ivitiends, ifany :
here be. arising from the working Of the Road
Tier the payment Of oil necessary expenses: said
shall lie declared aud payable 10 The
stockholders within the first fifteen days of the &
month of April of each year, they shali make a L
'eport IN full detail to the Stockholders u3 10 Tho
day Of April Of each year, of The working or
he Road, and its expenses and profits, as also a
letailef statement OF all contracts during process
# constructing the Road and its bridges, with an
recount OF the progress made they shall keep. or
'ause to lc kept, q reguisr tet Of books, In which
hall be entered in The regular order Of their Sc
'eral dates all business or other transactions Of
he Company, which said hooksshall be ofen to
he inspection Of any Stakeholder, at The offis q Of
he Company, during the business hours Of the e
lay d stock book shalt be kept and certificates Z
stock shall he, issued TO the Stockholders. and :,