Baton-Rouge gazette. [volume] (Baton-Rouge, La.) 1819-1856, 1852-07-24
CHARTER OF THE
CROSSE TETE AND BATON ROUGE
PLANK ROAD COMPANY.

We the undersigned, agree to form ourselves
into a Corporation, under the laws Of the State
Of Louisiana, as particularly set forth in an act
Of the Legislature Of Louisiana entitled an aAct
for the organization Of Corporations for works
Of public improvements and utility,n for the pur-
pose Of constructing a Plank Road from the Mis-
sissippi river, opposite the city of Baton Rouge,
and thence along the most eligable route to a CEN
trail point on the Bayou Crosse Tete, the present
proposed terminus; and hereafter to some point
on the bayou Maringouin that will be convenient
and advantageous to the people Of said bayou, to
be by them selected, with a view also to The far
ther extension Of said road to bayou Alabama,
and for that purpose we have formed the annexed
Charter, and have signed the same and added 10
our signatures a statement of the number of
shares and tho amount Of our subscriptions to said
Compuny.
M. The said Corporation shall be called .sTaE
Crosse TETE AND BAroN RouuE PLASx RoAp
COMPANY and its domicil shalt be fixed at its
Office on bayou Crosse Tete. .; =
cd. The said Corporation is established fof the
purpose Of constructing, working and maintains
ing a Plank Road from the Mississippi river oppo-
site the city Of Baton Rouge and thence west
ward TO the bayou Crosse Tese, and from thence
hereafter to be continued to bayols Maringouin
and A~iabana-to Atakapas if the Company shall
81. The Capital Of the Company shall be fixed
at $50 900, divided into 2400 shares Of s25 90
each, payable So safe per share on the 1st Of
April, 1853 50 333c per share on the lst Of
April, 1854, and 90 334c per SHARE on the 1st of
April, 1855, for which amounts the subscribers
shall give notes secured by mortgage OF endorse
ment to the satisfaction Of the Board Of Directors.
For all Subscriptions made before the -~election
Of Directors, such subscribers shall " thin 30 days
after a Board Of Directors are elected, finnish
their notes as above specified, and for all Ssubse-
quent subscriptions, notes shall be given at the
time Of subscribing and the commissioner in
charge of the Stock-books shall accept the seeu-
rites.
Any subscriber may pay The whole, or any
amount OF his subscription for stock intash at the
time of subscribing, in which ease he shall be
entitled to ! deduction Of 3 per cent per annum
on the amount 70 paid.
An. Said Corporation shall u into operation
and organize 10 soon a shares Of Stock to the
amount of $40 900 shall have been subscribed.
5th. The business Of the Corporation shall b
conducted at its doniicil on bayou Crosse T2te by
. Board composed Of FIVE Directors, who shall Ee
stockholders
The Directors shall elect one of their body as
President Of the Company at their First meeting
sfser their election. A quorum 10 do business
shall consist of at least three Directors. At all
elections by the Stockholders and all their meet.
ines. each share shall Be entitled to one vote.
Alter the ffst rear all shares Of stock must be
owned and pgsessed BY the voter in his own night,
Or his principal II held by proxy six months b.
fore voted on
9Th. The President of the Company i the on
Ger designated ~ the on on whom Ie9ni serves
Of al process Or citation against the Company
may Be made and ths Company aerae 10 he
bound by service u process OF ~citation, whether
made on the President "a person or lef = hisad-
A~>.. - -. 80. - AT-~~~~ 49,.