The daily comet. [volume] (Baton Rouge, La.) 1850-1856, 1852-11-10

or THE r~c9
Baton Rouge 4 Clinton Plank Road %.

selves into corporation, under the lava o
the State Of Louisiana, a. particularly se
forth in an act entitled an ".4ct for the organ
izasion Of corporations for toorks Of pu5li'
vnprcusnsms and u,ility'--a copy Of which
j. hereinto annexed, for the purpose Of con
structing . Plank Road from the city o.
Baton Rouge, in the Parish Of East Bator
Rouge, to the town Of Clinton. in toe Parlst
Of East FeIiciana, and from thence alont
the most eligable rout to point that vii
eonnect the town Of Liberty in Amite Co.
State Of Mississippi, and for that purpose
.1e have formed the annexed charter, ant
have signed the same, and have added t.
our signature statement Of the lumber ol
shares and the amount Of our subscription
70 said Company.
CHARTER OF THE COMPANY.
let. Tho said corporation shall be called
che "Baton Rouge and Clinton Plank Road
Company" and its domicile 10 fixed in the
the city Of Baton Rouge.
End The said corporation is established
for the purpose Of constructing, working
and MAINTAINING 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 Anite County to
connect at the State line. .tL-..
3.d. The capital stock of the Company
% fixed at One Hundred Thousand Dollars,
divided into four thousand shares ut 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
ouent payment shall be made in such sums
and at such periods as shall be fixed by the
Board Of Directors. Provided THAT no
call shall be made, for srcater amount than
ten per cent, at one time, and that sixty
days notice Of each call shall be given, by
publication in one newspaper published in
baton Rouge which shall be known TO the
stoc kholders as the official paper Of the
Company, and in one newspaper published
at Clinton.
4th. The said corporation, shall go into
operation and be organized, 20 soon as
shares Of stock to the amount Of Thirty
Thoa.and Dollars shall have been SUBJ
scrbed.
a.h. The business Of the corporation shall
bc conducted at its domicii, 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 quroum to
transact business shall consist Of at least
three members and the President, or any
four members Of the Board. At oil elections
BY the stockholders, and al all their meet
ines each share shall be entitled to one vote
Votes may be given in person or by PROXY.
The President Of the Company is the officer
designated a the one on whom lega! service
Of all process or citation against the Com.
pany may be made, and the company agree
" 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
company in the hands Of any u its officers
9Th. The first Board Of Directors 81 all
Do chosen as soon a. the list Of subscription
shall be closed. This election shall be held
It Baton Rouge under the supreintendence
Of the commissioners hereafter designated
and appointed to receive subscriptions.
All subsequent elections shall be held al
Baton Rouge under the supreintendance ol
three commissioners appointed from am
ongst the stockholders by the Board Of Di.
sectors for the time being. Notice Of the
first election Of Directors, shall be given
fifteen Days 10 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
shall be elected on the third Monday Of Dec.
ember. A failure to elect Directors, 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
as Clinton.
7th. The following persons are hereby
appointed commissioners for the purpose Of
receiving subscriptions 10 the stock Of said
corporation. VIZ: Commissioners at Baton
Rouge, T. G. Morgan. S. NJ. Hart, H. +.
Waddill, A. s. Heron. Eugene Lanoue and
W. s. Pike. At Clinton. J. H. Muse. H.
H. Haynes, Henry Marston, CIV. Munday,
J. 3. Smith, VIM. Patterson and N. G.
Mills The said commissioners shall have
power to appoint deputees or 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 hare bsen subscribed, and the COM
snissoacrs shall Immediately thereafter
cause this charter, with the names Of the
subscribers 10 be registered in the Office Of