Baton-Rouge gazette. [volume] (Baton-Rouge, La.) 1819-1856, 1852-10-02

The furnishing Of material or equipments for the
road on such credits Az they may deem proper
10 borrow nlshey for and on aeeoitnt Of said road
In any sutti hot 10 exceed ten thousand dollars
lnless authorized by vote Of two thirds oil the
Stockholders not to exceed that STUN, and TO mort.
gage The said road and lis appufienances TO secure
the payment Of The same, TO make all contracts
for the purpose Of speedily and properly con.
strueting said read, and when said road or any
part thereof ID finished to fix the rate Of tolls for
the same to make all rifles and regulations or by.
laws necessary for the proper, hale and regular
tfansaeton of the business Of the company. but
such rules and regulations shall be subject ID re.
peal change, amendment, or Modification, BY the
Stockholders at their meetings. or by the presi
|Nlsnt end Directors ih the intervals, they may
hleept dohatens In land or money, or such mate
fials OF labor as may be useful TO the eopahy
tiny shall declare semi4annually the dividends
arising from the road after the payment Of all ex.
penses. Said dividends shall be declared nnd
made payable TO the stockholders during the fifst
fifteen days Of December and Jthe of each year,
they shall make at least once in each year a fa-
port In full detail 10 the stockholders, exhibiting
the expences and profits or revenue of the road
as well as the cost during the process oftonstrae-
ting the same az well as the repairs that may be
made thereof, they ehal keep OF cause to be
kept regular set otbooks on which shall be EN-
tered In regulat crtef all business or other trans
actions Of the company, which said book shall be
opened TO the inspection ofthe stockholders At the
office of the company. A stock book shall be
kept and certificates OF stock shall be issued 10
the stockholders, ata no transfer of s ock shall be
binding on the company until made OH its stock
book.
H. Ifsng subscriber for stock shall be taxed
isy virtue OF any law or ordinance for the pay.
taent Of subscription to the company, he shall
have the right of reducing the number of his
shares by an amount equal to that Of the tax so
inlused, but this right must be exercised with
III thirty days from the date of the law or ofdi.
nance allef which term II shall not be allowed.
ID. An anual meeting Of the stocRhUl shall
be held on the first Monday IN December 10 re-
eeive an annual report Of the past years opera
.ion and business Of the company at which d
full statetflent of the financial affairs and other
business Of the company shall be submitted by
the President and Directors for examination by
the stockholders and their agents.
l5. AT the expiration of the chart. or whenever
the dissolution Of the corporation shall render
necessary It's liquidation, three commissioners
shall be elected by the stockholders whose duty
y shall be 10 take possession Of the property Of
the company, and conduct its business to fnal
liquidation on such tefths lind lii such HAMMER as
shall be determined by d meeting of the stock
holders regularly convened for that purpose. and
If at the expiration of the present charter ma
iofity Of the stockholders in number or amount
shall desire to renew the same for further
term, the stockholders descentng from said renew.
shall be bound 10 transfer their stock to those
during the renewal ut its fair value. TO be fixed
by appraisers mutually ehosen for that purpose