The daily comet. [volume] (Baton Rouge, La.) 1850-1856, 1852-11-20
CHARTER or THE COMPANY.

1st The said corporation shall be called
TIE Baton Rouge and Clinton Plank Road
Cornnany.r and it's dotnicile is fixed in the
the city OF Baton Rouge.
2nd. The said corporation is established
for the purpose of constructing, working
and Maintaining plank road from Baton
Rouge TO Clinton Louisiana. and from thence
hereafter TO be continued TO Liberty in
Atnite County, State of Mississippi, should
a company be formed in Amte County to
connect at the State line.
3rd The capital stock of The Company
is fixed at One Hundred Thousand Dollars,
divided into four thousand shares at twenty
five dollars each.a. A payment of five per
cent on the amount of each share shall be
made, within thirty days after the election
OF the first Board of Directors The suisse
uuent payment shall be made in such s,lin=
and at snch periods as shall he fixed by the
Board of Directors PROVIDED, THAT no
cal shall be made. for lreater amount than
ten per cent. at one time, and that sixty
DAYS notice OF each call shall be given, by
qualification in one newspaper published in
BAN Rouge winch shall be known to the
Stockholders as the official paper of the
Conp1rv, and in one newspaper published
at Clinton.
Al The said corporation, shall 90 into
operation ani be organized, SO soon as
shares of stock to the amount Of Thirty
Thousand Dollars shall have been sub
scrbed.
9th. The business of the corporation shall
he conducted at its domicil, in the city OF
Baton Rouge by Board composed of seven
Directors. 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 aud the President, or any
four members Of the Board. At all election
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
designated as the one on whom legal service
of all process or citation against the Com
pany may be made, and the company agree
20 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 ofany Of its officers.
Cth The irst Board of Directors 81 all
be chosen AZ soon ne list of subscription
aj,il be closed ,nls election shall be held
at Baton Epuye under the superintendent
Of the commissioners hereafter designated
7nd appointed TO receive subscriptions
Al! suo euuent elections shall be held at
Baton Rouge under the -uprentendance 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
Monday of January, 1854. The election
shall be annual, and each subsequent Board
shall be elected on the third Monday of Dec
cmber. A failure to elect Directors, shall
not dissolve the corporation, but the Board
in office shall continue the exercise of its
functions until a new board can be elected.
All notice of elections aud of meetings of
stockholders 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
It Clinton.
It'll. the following persons are hereby
appointed commissioners for the purpose of
receiving subscriptions TO the stock of said
corporation Viz Commissioners at Baton
Rouge, r. 6. Morgan, s. N. Hart, H. L. |
Waddill, A. S. Heron. Eugene Lanoue and
w. S. Pike. At Clinton. J. II. Muse, H. |
n Haynes, Henry Marston, Nv. Munday, |
! B. Smith, VIM. Patterson and NJ. G. |
Mills The said commissioners shall have I
power to appoint deputies or agents in |
other places to receive subscrptions.-
Three shall form quorum 70 do business |
The subscriptions shall be closed as soon as
The amount of Thirty Thousand Dollars
shall have been subscribed. and the com
nj ssoaers shall Immediately thereafter
.ause this charter, with the names of the |
subscribers to be registered in the Office Of
he Recorder of Mortgages as required by
aw, and shall cause notice to be given
md an election for Directors held as provid-
,d for in the 9th Article of the charter
9Th. Immediately after the election
,f the first Board of Directors the sub
,cription list shall be opened for term (
,i three months at such places as may he
seemed advisable by the Board of Directors
nd public notice shall be given thereof in
newspaper published IL the place where ,
aid substitution books are opened; and the
'oa,d shall have power to appoin. agents S
or receiving subscriptions. At end of {
aid three months, if the amount of sub S
criptons shall exceed the amount of capt. 4
al required, meeting of stoc kholders 7
nd subscribers shall be held to determine a
whether the capital shall be increased to 7
he whole sneuat sf subscription and IL 10