Baton-Rouge gazette. [volume] (Baton-Rouge, La.) 1819-1856, 1852-10-16
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BATON ROUGE and CLINTON
s Plank Road COMPANY,

We the undersigned agree to form, ourselvt
into a corporation, under the laws Of the State
Louisiana, as particularly set forth in sn att enti
tied an ".act lot The organization rc,poraess n
srorks Of public improvement and niilift'--a cop
Of which i hereinis annexed for the purpose O
constructing Plank Road from the city VI Bato
Rouge in the Parish Of East hnton Rouge, 10 TN
town Of Clinton, In the Parish oi East Felicians
and from thence alohg the most eligable route 4
point that will connect the town oil Liberty ii
Amte county, Slate Of Mississippi, and for tha
purpose we hive formed the annexed charter, an,
have signed the same, and have added TO our sig
nature statement Of The number Of shares anl
the amount of unt subscriptions to said Coihpa
ny. AA
CHARTER OF THE COMPANY.
n lot The said corporation shall be called ttt
Balon Rouge did Clinton Plank Road Company
and its domicie is fixed in the city Of Batot
Rouge.
2nd. The said corporation 10 established for ths
purpose Of constructing, working, and maintain.
Ing plank road IRON Baton Rouge TO Clinton
Louisiana. and from thence hereafter to BIZ ron.
tinucd TO Liberty In Amite county, State Of Miss.
issipai, should company be Fbrfied In Amite
County to connect at The State liht
3D. The capital stock OF the Company is fixed
| 1t One Hundred Thousand Dollars, divided into
four thousand shares al twenty five dullnrs each
| A payment Of Ave psf. cent on the amount Of
each share shall be made, within thirty days at.
ter the election of the first Board Of Directors.
The Subsequent payment, shall be made in such
sins and at such periods us shall be fixed by the
Board Of Directors. Provided "That no call shall
be made, f,Sr greater amount than ten per cent
OF one time, and that sixty days notice Of each
call shall be given, by publication in one news
paper published In Baton Rong which shall be
known to the stockholders as the oiicitl paper Of
el..~T hal
at Clinton. s.@
Ath The said corporation shalt 70 into opera
ton and be orgonizdd, ~ boon as sharvs of stock
10 the amount Of Thirty Thousand Dollars shall
have been suwrrt.ged.
9th. The business of the corporation shall be
conducted at its domicil, in the city Of BataA
Rouge by Board composed Of seven Directors.
who shall be stockholders. The Directors shall
elect one of their body rs President ofthe Cpm.
pany, at their first meeting after their election,
A quorum 10 transact business shall consist Of at
least three members and the President, or any
-FOUR members of,he Board. Al all elections by
the stockholders, and al all their meetings each
share shall be entitled to one vote. Votes may
he given In person or by prory. The President
Of the Company s the officer designated as the
one on whom legal service Of all process or cita-
ton asainst'the Company may be made, and the
company agree to be bound, by service of process
or fCltattuiNnetneT Hlaue Oh Tue ITeslueut IN per-
son, or to his address at the office Of the catnpa-
ny In the hands Of any Of It's officers.
9th, The first Board of Directors shall be cho-
sen az soon as the list of subscription shall be
closed. This election shall be held at Baton
Rouge under the suptrnteudence OF the commits
soners hereafter designated and sppointcd 10 ro.
coiye subscription. subsequent elections
shall be heldat Baton Rouge under the superin-
tendence OF three commissioners appointed from
amongst the stockholders by the Board OF Direct.
ors for the tine being. Notice OF the firs. elec.
ton Of Directors, shall be givsn fi,een Gays IN
advance, in at least one newspaper ?nblishcd IN
Ilaton Rouge, and one published at Clinton. The
first Board of Directors shall hold office until inc
third Monday in January, 1854. The election
shall be annual, aud each subsequent Board shall
BE- elected on the third Monday Of December.
failure to elect Directors, shall not dissolve the
but the Board IN Office shall continue
tlic excfcise 81 It's functions until new board
cs;n be elec,ed. An notice OF elections and OF
ot:srockholders after the first election
Above provided for, shall be given by publication
;e company, and in one paper published at Clln-
,9n,
18th The following persons are hereby appoin- |
tdd commissioners for the purpose Of re,civing |
subscriptions TO the stock Of said corporation |
Ei.: Commissioners at Baton Rouge, I. g.
MoneAs, S. M. HApr, H. r. wApsILt, A. $.
HERRoN, EuasNE LANouE and w. s. PfkE. AT
CLINTON, J. a. MusE, H. h. HAYNES, HENRY
MARsroN, G. w. MuNpAy, J. B. SMITH, WIN.
PATTERSON ani NJ. G. Mills. The said COM
nslssioncrs shall have power 10 appoint deputies
o agents in other places TO receive subscriptions.
Three shall form quorum to do business. The
subscriptions shall be closed as soon as the
amount of Thirty Thousand Dollars shall have
s,shs. mpd IA HhnI
mediately thereafter cause the charter with the
nan,es Of the subscribers to be registered in the
office of the Recorder of Mortgages as required
BIZ law and shall cause notice to be given and an
election for Directors held provided for in the
Sth Article Of the chartef ta..a.
18th. Immediately after the election Of The first
Board of Directors the subscription list shall De
opened for term Of three months at such places
ls may be deemed advisable by the Board of Dl-
eetors and public notice shall be given thereofin
newspaper published at the place where said
subscription books are opened and the board
hall have power to appoint agents for receiving
Al the end Of said three months,
the amount Of subscriptions shall exceed the
lnaounf of capital required, meeting Of stock.
and subscribers shall be held to determine
whether the capital shall be increased to the
Whole amount Of the subscription and If the
apital be not 20 increased, then the number Of
hSres subscribed shall be reduced from the larg.
sGsubscription SO as not to diminish the number
{ shares Of any subscriber, while another re-
nsins with larger number of shares II their
e ,any deficiency in the amount OF capital sub |
crabed, the said subscription books may be re. |
pyned and closed from time to time, until the .
vkole capital shall have been subscribed.
9Th In case Of failure on the part Of any stfoscri-
Ell to nav the enstallments on hisstock as requir-
d, the Board of Directors, shall have the option,
er thirty days written notice to the defauter, ii
torfeiting the stock and selling for the bene-
/ pf said stockholder, or Of compelling BY SUIT
hd payment Of such enstailment; and no stock
older shall be permitted to vote while In default
seth. All meetings Of Stockholders called Tor q
Id purpose Of increasing OF diminishing the cap
al stock ofthe company or for any OF the purpos-
enumerated in the fifth section Of the act Of
aa Legislature of Louisiana entitled .dM 0dtoy
Of corporations for morE g public
,n,rurepcssf and ,fIay shall b composed Of per-
,iss holding in their own right, or as agents for
Hers at least three-foarths of the stock Of the
,n,pany. in order to take valid and binding ac-
Oh IN the premises, at all other meetings Of I
oakholders, and at all elections, majority OF {
OH shall be represented, and in this latter case
s,nch ma;prity be not present nor represented :.
NJ rneetinv shall be adjourned for ons week,
M the vote Of the majority of the stock present
ii, represented at such adjourned meeting shall {
ina the corapany in the same manner, a. /,
laaority of all the stock were present and rep
.ssnted. n 6e3ea4
Filth. Any vacancy IN the Board Of Directors, q
soaring during the year may be filled by = vote d
fhe Board Of Directors. e E :,
18th. The President and Directors OF said cor :
,iation shall have power to make and Hse 2
'spmon seal-to elect newspaper, winch shall E
J known to the Stockholders as the official papef
go a,,d X, ir.i I'll zxfverfisefnenfA