The daily comet. [volume] (Baton Rouge, La.) 1850-1856, 1852-12-03

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numbsr Of shares subscrilcd shall be re
duced from the larxsst subscription 80 ri
not TO diminish The u>ber Of shares Of M,
subscriber, while another remains with
lager number of sha,es. II tbcie bs mn
deficiency IN the amount Of capital subscrib
cd, The SAID subscription books may be re-.
opened and closed from time 10 time, pnii
the whole capital shall have been subscrib
ed.
9Th IN case Of future on the part Of m,
subscriber 20 pay the ihsial,ne,ts on hi'
stock, ~ required. the Board Of Directors
shall have the option, after thirty day,
written notice TO the defau,cr. Of forfe,tinp
the stock and selling II Tor The benefit o
said stoch ho'dcr, or Of compelling by sui
the payment Of such eneial.Inent and no
stockholdcr shall be permitted to vote while
IN default
10th. All meetings Of Stock holders called
for the purpose Of increasing or diminish
,pg the capital stock Of the company OF 10,
any of the purposes enumerated IN the fifth
section Of the net Of the Legislature o.
Louisiana entitled SIN art for Tie organ,.n-
fion Of corporations for morhs Of public IN
proremrntand m,itN" shall be composed oi
persons holding IN their own hight. or ~
agents for others ut least thrce-iourihs Of
the rtock Of the company, IN order 10 take
valid and binding action in the pteuiseH
at al other meetings OF stockholders. and
At all elections, majority of stock hla, b..
represented, and in ihis latter case, II such
MINORITY he not present nor Represented The
meeting shall be adjourned for one week.
and The vote Of the majority Of tho stock
p;esent and represented At such adjourned
shall bind the company tho zane
manner, as il u majority of oil the stock
were present and represented.
nth. Any vacancy IN The Board of Dir
rctora occuliu. during The yeu may be
filled by vote of tho Board of Directors.
10th. The President and Directors of talI
corporation ahall have power 10 make AMI
',se q common scal---to elect newspaper,
IS h,rl, shali be kuovn 10 the Stock holder
~ the official paper oi the Company. and
IN which all advertisements sball appear.
and to i, every thing necessary for the
construction. trpa,r, AMI maintenance al
HE plank road heteiV tcloio Described, viii
rs many tracks "a they may deem nccrFs.
,ry to determine the line al the road, and
he depots that may be necessary 10 make
md construct oil works whatever Tor the
proper AMI cornp,cic working 81 The road
10 construct all bridges over navncahlr aud
phcr streams, nni whether the crossing
shall be by bridge or ferry 10 contract
.pccinlly for work, labor or materials 10 be
urnlshed II the company, and to agree
whether the whole or any rnrl thereof eha'l
% payable IN the capital stock OF The Com
,any % appoint II Secfe'ary Treasurer
Engineers, aud other
,areta or servants necessary or proper, for
he faithful performance, "i any duty nee
'saafY To- The construction or proper main
alnance Of the said plank roa! r. make 81
contracts Tor the furnishing of material or
equipments for the rouI on ruch credits as
hey may deem proper; 10 borrow money
.pf and on srcoint Of said road IN any sum
rot to exceed ten thousand dollais unless
mi horned Ivy n vote OF two Thirds oithe
doc X holders. mol 10 exceed that sum, and to
mortgage the sad road aud i's nppuricuan.
"a To- secure tho payment oi tho sntue 10
make all contracts Tor tnc purpose ofspeed.
aud properly constructing fald road and
when said road or any part thereof is hnth-
\ 20 tx The ratio ofi,ll. for ammo /, mako
III rul,s All ,o.,tal,on. mr. lie. l,,,g r,r,e.
,,rv for thr prnper enlc oo1 ,,c,,l,r ,,,u.
,ction cfthe bnsiues. Of the company; bAi
.ur, ru,, ard ,eg,,lat;ons .fnlI l'c .,l,,c.S
. re peal, change amendment. orsnmliGcn.
ION hv the si,,.,. bollcrs ibc,t toeet,,es
,r be the President and Diree,ots n u,c,n.
.,vals they MAY acc.n, do,,,;,,,s il, land
,r Nrncy. or pnch materials or labor ,q,nav
~ use,ul 10 ,bc cnr,panv they .n,ll die.
.l,,c sc,n,.apnu,Ilv Inc d,v,dcnds a,,;s -,