Southern sentinel. [volume] (Plaquemine, Parish of Iberville [La.]) 1848-1858, 1852-08-28
CHARTER OF THE
Crosse Tete and Baton Rouge
PLANK ROAD COMPANY,

~~N ASto oS ~ W ~ III q
act of the Legislature of Louisiana, entitled, "A
I Act for the organization of Corporations for worl
OF public improvements and u~tility,1 for the pu
pose of constructing a Plank Road from the Mi
slsslppl river, opposite the city of Baton Roug
g and thence along the most eligible route to a cel
trail point on the Bayou Crosse Tete. the preser
j. proposed terminus; and hereafter to some point O
the Bayou Maringouin, that will be converter
/ and advantageous to the people of said Bayou, t
, be by them selected, with a view also to the far
Their extension OF said road to Bayou Alabama
and for that purpose We have formed the annexe
Charter, and have signed the same, and added t
our signatures a statement of the number of share
and the amount Of our subscriptions to said Com
pany.
l. The said Corporation shall be called "TH
Crosse 1ete and Baton Rouge Plank Road Conpa
n.y. and its domicil shall be fixed at its office OF
Bayou Crosse Tete.
?. The said Corporation is established for tn.
purpose of constructing, working and maintainins
a Plank Road from the Mississippi river, opposite
the city of Baton Rouge, and thence westward t.
the Bayou Crosse Tete. and from thence hereafter
to be continued to Bayous Maringouin and Ala.
bama-to Attakapas, if the Company shall deem
it necessary.
3. The Capital of the Company shall be fixed
at 500, 900, divided into 24OO shares of S25 each
payable s. SO 1-3c. per share on the LIST of April,
1858; So SO 1-3c. per share on the 1st Of April.
lOot dltl 20 DO LOO. per SHARE ou the ISL OF
April, 1855, for which amounts the subscribers
shall give notes, secured by mortgage or endorse
ment, to the satisfaction of the Board of Directors.
For all subscriptions made before the election of
Directors, such subscribers shall, within 80 days
aftera Board of Directors are elected, furnish their
notes as above specified and for all subsequent
subscriptions, notes shall be given at the time OF
subscribing, and the Commissioner in charge of
the Stock-books shall accept the securities.
ANY subscriber NAV nav the whole, or anV
amount of his subscription for stock, in cash, at
the time of subscribing, in which case he shall be
entitled 10 a deduction of s per cent. per annum
on the amount paid.
4. Said Corporation shall go into operation and
organize as soon as shares of Stock to the amount
of 100000 shall have been subscribed.
5. Thu business of the Corporation shall be
conducted at its domicil on Bayou Crosse Tete, by
a Board composed of five Directors, who shall be
Stockholders.
The Directors shall elect one of their body as
President of their Company, at their first meeting
after their election. A quorum to do businessshall
| consist of at least three Directors. At all cleo
tons by the Stockholders, and at all their meet
ings, each share shall be entitled to one vote.
After the first year, all shares of stock must be
owned and possessed by the voter in his own right,
or his principal, if held by proxy, six months be-
fore voted on.
6. The President of the Company is the officer
uCSisudtcu dS liic olC Ol w 1OlL itPdi e 1 vi ali
process or citation 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 person or left to his address at the
office of the Company, in the hands of any of its
officers.
7. The first Board of Directors shall be chosen
as soon as the lists of subscription are closed.
This election shall be held at the time and place
designated by the Commissioner charged with
receiving subscriptions hereinafter designated.
Notice of this election shall be given by pu5lica-
ton made fifteen days in advance, in a newspaper
published in Baton Rouge.
The first election shall be held under three of
the Commissioners aforesaid; all subsequent cleo
tons under the superintendent of three Commits
sioners to be appointed from amongst the Stock
holders by the Board of Directors for the time be-
ing. The first Board of Directors shall hold office
until the lst Monday of April, 1858. The cleo
tons shall be annual, and each subsequent Board
shall be elected on the third Monday of March
A failure to elect Directors shall not dissolve lie
Corporation, but the Board in office shall continue
the exercise of its functions until a new Board can
be elected. All notices of elections and of meet
ings of Stockholders, after the first election above
for, shall be given by publication fifteen
days in advance, in the official paper of the Com
pany.
s. The following persons are hereby appointed
for the purpose of receiving sub
s~criptions to the Stock of said Corporation, viz:
Bayou Crosse 7ste and Marimgouin-Chas. A.
Slack, Thee. Johnston, VIM. J. Began, DR.. T.. S.
Garrett, Dr.. G. w. Campbell.
West Baton Rouge-W. B.. Robertson, DR.. w.
J. Lyle, J. V. Durable, Wm. R. Stuart, John L.
DR.. r. P. Vaughan.
Baton Rouge Gisy-Wm. S. Pike, Samuel M.
Hart, w H. Crenshaw, D.. D. Avery and w. D.,
Phillips.
The said Commissioner shall have power to
,r,oipf dap,.fso1 Nr o0cpfe in ofhor p1aooc for o
sewing subscriptions. Three shall form a quorum
10 do business.
The lists for subscription shall be closed as soon
Is the amount of twenty thousand dollars shall
nave been subscribed.
As soon as the subscription lists shall be closed,
hey shall all be returned to the domicil of the
Company, for registry in the office of the Record
er of Mortgages of West Baton Rouge, as required
,y law.
9. Immediately after the election of the first
Board of Directors, the subscription lists shall be
opened again for a term of three months, when
.ver the said Board of Directors may deem it adj
visable, and public notice shall be given thereof in
newspaper published at the place where said
Inscription books are opened, and the Board shall
lave power to appoint agents for receiving the
Inscription. At the end of the said three months,
f the amount of the subscription shall exceed the
apital required, a meeting of the Stockholders and
shall be held to determine whether the
shall be Increased 10 the whole amount OF !
Inscription, and if the Capital be not so increased,
hen the number Of shares subscribed shall be re- :
uced by deductions from the largest subscrip-
ions, so as not to diminish the number of any :
while another remains with a larger
lumber of shares. :
If there be any deficiency in the amount of
'apital subscribed, the said subscription books :
lay be re-opened and closed from time to time d
II the whole Capital shall have been subscribed. ]
10. In case of failure on the part of any SUBJ :,
pay the obligations assumed by his sub
as required, the Board of Directors shall :;
ave the option, after thirty days written notice I I
the defaulter. of FORGETTING the Stock and selling l.
for the benefit of said Stakeholder, or of COM
allinu hu suit the Indictment of such instalment-