The daily comet. [volume] (Baton Rouge, La.) 1850-1856, 1852-10-15
CHARTER OF THE COMPANY.


to said Company.
CHARTER OF THE COMPANY.
lst. The said corporation shall be called
the "Baton Rouge and Clinton Plank Road
Company" and its domicile is 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 to be continued to Liberty IN
Amite County, State OF Mississippi, should
d company be formed in Amite County to
connect at the State line.
3rd. The capital stock Of the Company
i fixed at One Hundred thousand Dollars,
divided into four thousand shares at twenty
five dollars each. 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
auent 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 greater 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
stockholders 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, SO soon as
shares of stock to the amount Of Thirty
thousand Dollars shall have been sub
scrbed.
9Th. The business of the corporation shall
be conducted at its domicil, 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 all elections
by the stockholders, and at all their meet
inys 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 as the one on whom lega! service
of ali process or citation against the Com
panv 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
company in the hands Of any OF its officers.
9Th. The first Board of Directors 81 all
be 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 at
Baton Rouge under the superintendent oil
three commissioners appointed from am
ongst the stockholders by the Board OF Di-
rectors 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
shall be elected on the third Monday of Dec
cmber. 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
at Clinton.
It'll The following persons are hereby
appointed commissioners for the purpose OF
receiving subscriptions TO the stock OF said
corporation Vt7: Commissioners at Baton
Rouge. T. G. Morgan, S. nj. Hart, ii. l.
Waddill, A. S. Heron. Eugene Lanoue and
VS.. Pike. At Clinton, J. H. Muse. Fl
II. Haynes, Henry Marston, G. w. Munday
J. B. Smith, VIM. Patterson and NJ. g
Mills. The said commissioners shall have
power to appoint deputies or agents II
other places to receive subscriptions. =
Three shall form quorum to do business
The subscriptions shall be closed as soon a
the amount of Thirty Thousand Dollar
shall have been subscribed, and the com
missoners shall Immediately thereattc
cause this charter, with the names OF tn
subscribers to be registered in the office o
the Recorder of Mortgages as required b,
law. and shall cause notice to be sIveI
and an election for Directors held as provld
ed for in the 9th Article Of the charter.
sth. Immediately after the eectio,
of the first Board of Directors the sub
scriptiun list shall be opened for tern
of three months at such places as may b'
deemed advisable by the Board of Director
and public notice shall be given thereof Il
NJ u newspaper published at the place wher'
said subscription books are opened; and TIN
board shall have power to appoin. agent
for receiving subscriptions. At the end o
said three months, if the amount of sub
-scriptions shall exceed the amount of CAPT
tai required, meeting of stakeholder
II -;Lorr cb,lt ha hold IN do+orr,; NJ