The daily comet. [volume] (Baton Rouge, La.) 1850-1856, 1852-11-24
CHARTER.

- OF TIN ~
n7Rouge & Clinton Plank Road Co.

:
a.atton of corporations for tcorks Of p~bh
fmprocemeat and maHy'--a copy of which
is hereinto annexe',, for the purpose OF con
structiug Plank Road from the city o
Baton Rouge, in the Parish of Fast Batol
Rouge, 10 the town Of Clinton. III the Parlst
OF East Felciana, and from thence alons
the most elgable rout to point that vii
connect the town of Liberty in Arnite Co.
State Of Mississippi, and for that purpose
we have formed the annexed charter, and
have signed the same, and have added to
our Signature a statement Of the number Of
shares and the amount of our subscriptions
to SAID Company.
CHARTER OF THE COMPANY.
LIST The said corporation shall be called
the Baton Rouge and Clinton Plank Road
Company" and its domicie is fixed IN the
city of Baton Rouge a
2na. The said corporation is established
for the purpose Of constructing, working,
ana maintaining a plank road from Baton
Rouge to Clinton Louisiana, and from thence
hereafter 10 be continued TO Liberty in
Amite County, State OF Mississippi, should
a company be formed in Amite County to
connect at the State line.
3rd The capital stock of the Company
isfxed at OnasHundred thousand Dollars,
divided into four thousand shares at twenty
five dollars each. A payment of five per
cent on the amount of each share shall be
made, within thirty days after the election
OF the first Board of Directors. The SUISSE
qucnt payment shall be made in such sums
and at such periods as shall be iIved by the
Board Of Directors. Provided THAT no
call shall be made, for greater amount than
ten pei. cent, at one time, and that sixty
days r1otice of each call shall be given, by
publication in one newspaper published III
Baton Rouge which shall be known 20 the
stockholders as the official paper of the
Company, and i'll one newspaper published
1t Clinton
4th. The said corporation, shall 60 into
operation and be organized, so soon as
shares of stock TO the amount of Thirty
Thousand Dollars shall have beens sub
s6criDed.
" 9Th. The business Of the corporation shal!
be conducted at its donicil, in the city OF
Baton Rouge by Board composed Of seven
Directors who shall be stockholders The
Directors shall elect one of their body as
President of the Company, at their first
meeting after their election A quroun to
transact business shall consist Of at least
thTee members and the President, or any
fourmembers oftke Board. At all elections
blythe stockholders, and at all their meet
ings each share shall be entitled to one vote.
Votes may be given in person or by pro1y.
The President of the Company is the officer
designated as the one on whom legal service
of all process or citation against the Com
pany may be made, and the company agree
to be bound, by service of process or cita-
ton, whether made on the President in
person, or to his address, at the Office of the
con- pany in the hands of any OF its officers.
9th The first Board of Directors 81 all
6e chosen as soon as the list of subscription
shall be closed. This election shall be held
at Baton Rouge under the superintendent
Of the commissioners hereafter designated
and appointed to receive subscriptions
All subsequent elections shall be held al
Baton Rouge under the superintendent OF
three commissioners appointed from am
ongst the stockholders by the Board of Di-
TectorJ for the time being. Notice of the
first election Of Directors, shall be given
fifteen days in advance, in at least one news
paper published in Baton Rouge, and one
published at Clinton The first Board Of
Directors shall hold office until the third
Monday OF January, 1854. The election
shall be annual, and each subsequent Board
silallbe elected on the third Monday of Dec
ernber. A failure to electsDifectors, shall
not dissolve the corporation, but the Board
in Office shall continue the exercise Of its
functions until new board can be elected
All notice Of elections and OF meetings of
stockholders after the first election above
provided for, shall be given By publication
thirty days in advance, in the official paper
of the company, and in one paper published
al Clinton.
7th The following persons are hereby
appointed Commissioners lorthe purpose of
receiving subscriptions to the stock OF said
corporation Vj-: Commissioners at Baton
Rouge, L. G. Morgan, S. M. Hart, H. T.
WadIill, A. 5. Heron. Eugene Lanoue and
". s Pike. At Clinton, J. II. Muse. H.
II. Haynes, Henry Marston, CIV. Munday,
J. B. Smith, VIVA. Patterson and NJ. G..
Mills. The said commissioners shall have
power TO appoint deputies or agents in
other places to receive Subscriptions
Three Shall form quorum 10 DO business.
The. subscriptions shall be closed as soon as
the amour Of Thirty thousand Dollars
snail have been subscribed, aud the COM
shall Immediately thereafter
cause thischartcr, with the names Of the
Q.