The daily comet. [volume] (Baton Rouge, La.) 1850-1856, 1852-09-12

papers OF East and West Baton Rouge and
| East Feliciana be requested to published the
same
i The following named gentlemen, were
appointed commissioners to reopen SUBJ
scfiption books: At Baton Rouge, r. G.
Morgan, S. Nj. Hart, II r. WaddiiI, A. $.
Heron, Eugene Lahore and VIM. 8. Pike
At Clinton, J. II Muse, III H. Haynes,
Henry Marston, &. w Munday, J B. Smith
VIM Patterson and N q. Mills.
The meeting adjourned mne de-
THOS. G.. MORGAN, Pref.
WV. s. PIKE, Secretary
@
An Act for the organization Of Corpor-
ations for works of public improve
mont and utility.
SECTION l. BE IL enaeted by the Senate and
House IF Representatives Of The State Of Lo.a-
siano, IN General .asssnib!y convened, That
from aud after the PRONUNCIATION OF this act,
it shall be lawful for any number Of per-
sons, not less than six, on compliance with
the provisions Of this act, to form themselves
into and constitute corporation for the fol-
lowing purposes, to wit for the construc-
ton, working and maintenance o. any rail
roads, canals, plank roads, bridges, ferries,
and other works Of public improvement,
whether within or without the limits Of
this State; for manufactures Of all kinds.
opening and working Of mines, construction
and maintenance Of docks, foundries, steam
ships or other vehicles for the transportation
Of freight or passengers, aud generally all
works of public utility and advantage pro-
vided that no corporation shall engage in
mercantile or agricultural business in ger.
eral. nor in commission, brokerage. stock
jobbing. exchange. or banking business Of
any kind.
SEC. 2. Be i further enacfed, &C., That
every corporation, which my be establish
ed under and by virtue OF the provisions of
this act shall have power and authority,
first, to have and to enjoy succession by its
corporate name, for the period expressed in
its act of incorporation, not exceeding TWEEN
ty-fve years setond, to contract, sue ard
be sued, in the corporate name third, 10
make and use corporate seal fourth, to
hold, Dcaive, purchase and convey under its
corporate name, property both real and per-
sonal fjft, to name and appoint sueh man
ayers, directors and officers as their inter-
ests and conveniences may require; arth,
to make ard establish such bylaws for the
proper management and regulation OF the
affairs Of the corporation as may be neces-
yary and proper, and not inconsistent with
the provisions Of this act.
SEC. 3. Be it further enartsd, &C., That
every charter Of incorporation made under
The authority of this act, shall contain; first,
The name and title of the corporation, and
the place chosen for its domicil; SECOND, a
Of the purposes for which it is
the nature of the business to be
carried on, and the designation of the officer
IN whom citation may be served in suits
lgalnst the company third, the amount OF
mount OF each share and the time when and
he manner in which payment on stock
subscribed shall be called or made; fourth,
he mode in which the elections Of directors
'r managers shall be conducted; nth, the
node Of liquidation at the termination OF
he charter.
SEC a. BE III further enacted. &C., That the
harters of all corporations organized under
he terms Of this act, and the original sub.
criptlons made for the purpose Of organizing
snail be recorded in the office of the re-
order of mortgages or other officer exercis-
ng the functions of recorder Of mortgages
t the place selected for the domiciI Of the
and said charter shall be pub
isbed in newspaper OF said place Of DOM
ell, once week at least, for thirty days,
nut it shall moi be necessary to publish the
ames of the Subscribers, and any subscriber
nay present, the said charter and subscrip-
ions for record with recorder of mort
ages as Aforesaid. "a ,s.s..sf 4-,q
SEC. 5. Be 1t further enacted, &c., That il
hall be lawful for the stockholders Of any
at the general meeting conven.
for that purpose, to make any modifca-
ons, additions or changes in their act of
or to dissolve the corporation,
rovided such modification, addition, change
r dissolution, shall receive the assent Of
lree fourths of the stock represented at
Ich meeting and provided further that any
Ich modification, addition, change or dis
'lution shall be recorded as is required by
he fourth section OF this act
SEC. 6. Be it further enacted, &c., That
ny corporation established under this act
lall forfeit It's charter for insolvency, evil
enced by return Of no property found on
Secutlon against, such corporation and that
such case it shall be the duty Of the dis
let court, of the district of such corpora
on, at the instance OF any creditor, to de-
zee such forfeiture and to appoint com
issioner for effecting the liquidation,
hose duty it shall be to convert all the as
is of the company, including any unpaid
dances due by stockholders, on their
lares, into cash, and to distribute the same
l. r