Southern sentinel. [volume] (Plaquemine, Parish of Iberville [La.]) 1848-1858, 1852-08-21
CHARTER OF THE
Crosse Tete and Baton Rouge
PLANK ROAD COMPANY,

slsslppl river opposite the city OF Baton Rouge.
and thence along the most eligible route TO 4 cen
trail point on the Bayou Crosse Tete, the present
proposed terminus; and hereafter to some point on
the Bayou Marlnsouin. that will he convenient
and advantageous TO the people OF SAID Bayou. to
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 annexed
Charter. and have signed the same. and added TO
our signatures a statement Of the number of shares
and the amount OF our subscriptions to said Com
pany.
/. The said Corporation shall he called The
Crosse Itt and Button Rouge Plank Road Conpa-
ny,H and its domicil shall be fixed at its office Oh
Bayou Crosse Tete.
2. The said Corporation is established for the
purpose of constructing. working and maintaining
a Plank Road from the Mississippi river. opposite
the city of Baton Rouge. and thence westward to
the Bayou Crosse Tete, and from thence hereafter
TO be continued TO Bayous Alarlngouin and Ala
bama-to Attakapas, if the Company shall deem
it necessary.
3. The Capital of the Company shall I've fixed
at $50. 600, divided INTO 2lO0 shares OF 50 each.
payable IS 33 1-3c. per share on the l>t OF April,
1883; s. SO l-3c. per shale on The lst OF April,
1854 and IS 80 l-3t. per sllaIc on the Isl OF
April, 1885, for winch aInOuI'> me subscribers
shall give notes, secured by mortgage or endorse
ment, to the satisfaction OF tue BoeIu Of Directors.
For all subscriptions made hcI"fC juc election OF
Directors. SUCH substitutes SHfIl. H!tft!i Ou Hdt>
after a Board of Directors are elected. finnish tnelr
notes as above specified aud Tor all subsequent
subscriptions, notes shall be gwen at The time OF
subscribing, and the Commissioners III ma &c OF
the Stock-books shall accept the securities.
Any subscriber may pay the WooIe. Of any
amount Of his subscription lor sjoI r. IN cash, Al
the time of subscribing, IN winch case he shatI ne
entitled to a deduction OF s per cent. per aInnln
on the amount paid.
4. Said Corporation snail 20 into operation and
organize as soon as shares OF Stock 10 the amount
of $4,000 shall have been subscribed.
5. The business of the Corporation shall be
conducted at lis domiciI Oh Bayou Crosse Tete. by
a Board composed of five Directors. who shall Dc
Stockholders.
The Directors shall elect one of their body as
President of their Company. at them first meejtDg
after their election. A quorum 10 do business snail
| consist OF at least three Directors. At all eIec-
tions 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 III 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
designated as the one on whom legal service OF all
| process or citation against the Company may be
made, and the Company agree 10 be DodHd by
service of process or citation, whether mace on
the President III person OF left to his address al The
office of the Company, IN the hands OF any OF It's
officers
7. The first Board of Directors shall be chosen
as soon as the lists of subscri ptI0n are closed.
This election shall be held al the time and place
designated by the Commissioners charged with
receiving subscriptions hereinafter dPS1@n'ted.
Notice OF this election shall be 2.'t4p " ~!n.I!ra-
ton made fifteen da vs in advance, Ill a newspaper
published in Baton Rouge.
The first election shall be held under three OF
the Commissioners Aforesaid; all subsequent cleo
tions under the superintendent OF three Con1mls-
sioners to be appointed from amongst the Stock
holders by the Board OF Directors tor the tinle be-
ing. The first Board of Directors shall hold office
until the 1t Monday of April, 1893. The cleo
tons shalt be annual, and each subsequent Board
shall be elected on the third Monday Of March,
A failure to elect Directors shall not dissolve the
Corporation. but the Board in office shalt continue
the exercise of its functions until a new Board can
be elected. All notices of elections and of meet
ings of Stockholders, alter the lllSt election above
provided for, shall be given by publication fifteen
days in advance, in the official paper OF the Com
pany. Il
s. The following persons are hereby appointed
Commissioners for the purpose OF receiving sub
s%criptions 10 the Stock OF said Corporation, viz:
BAYOU Crosse 1lte and Maringomn-Chas. 4.
Slack. Thee. Johnston, VIM. J. Began, DR.. T. S.
Garrett. Dr.. G. W. Campbell.
Vest Baton Rouge-W. B. Robertson, Or, ".
J. Lyle. J. V. Durable, VIM. R. Stuart, John L.
Lobdell, DR.. T. P. Vaughan.
Button Rouge Cay.-Wm S. Pike, Samuel NJ.
Hail. W H. Crenshaw, D. D Avery, and W. d.
Phillips.
The said Commissioners shall have power to
appoint deputies or agents in other places Tor re-
ceiving subscriptions. Three shall form a quorum
to do business.
The lists Tor subscription shall be closed as soon
as the amount of twenty thousand dollars shall
have been subscribed.
As soon as the subscription lists shall be closed,
they shall all be returned 10 the domicil OF the
Company, for registry in the office OF the Record
er of Mortgages OF West Baton Rouge, as required
by law.
8. Immediately after the election of the first
Board of Directors, the subscription lists shall be
opened again for a term Of three months, when
ever the said Board of Directors may deem ii ad-
visable, and public notice shall be given thereof in
a newspaper published at The place where said
subscription books are opened. and the Board shall
have power to appoint agents for receiving the
subscription. At the end OF the said three months,
if the amount Of the subscription shall exceed the
capital required, a meeting Of The Stockholders and
subscribers shall be held to determine Whethet the
Capital shall be increased to tlc whole amount OF
subscription, and if the Capital be not so increased,
then the number of shares subscribed shall be re-
luced by deductions from the largest subscrip-
ions, so as moi to diminish the number of any
while another remains with a larger
OF shares.
If there he any deficiency in the amount of s
Capital subscribed, the said subscription books !
nay be re-opened and closed from lime to time
ill the whole Capital shall have been subscribed. a
10. In case OF failure Oh he part OF any sub l
TO pay the obligations assumed by his sub :
as required, the Board of Directors shall !
rave the option. after thirty days written notice
o the deIauIter. OF FORGETTING the Stock and selling
t for the benefit of said stakeholder, or of COM
,eIling by suit, the judgment Of such instrument
While in default.
II. All meetings of Stockholders called for the
purpose of increasing or diminishing the capital