Baton-Rouge gazette. [volume] (Baton-Rouge, La.) 1819-1856, 1852-11-20
e Iii A Il T Il r
OF THE
BATON no UlfE and CLINTON
Plank Road Company.

/ tIttQ u " 0ttttit diHlg tiG Ia " q " astANf ht&S ~
Louisiana. as particularly sci forth in an act enti-
tied an a.9d Jaf he otg ttniaatton Vt corporations for
ttfks Of pst1ir Improvement dad tfiitg'-a copy
of which il hereiria anne xed, for the purpose oil
constructing d Plank Road from the city Of Batuti
Rouge III The Parish Of East Baton Rouge, 10 The
town Of Clinton, III the Parish of East Felieiaia.
and fran thence along the most eligai,le route TO
d point that will connect the town Of Liberty IN
Afiite county. State of Mississippi. and for that
purpose we have formed the anne xed charter. and
have sigiied the same. and have added to oar sig
nature a staternent oil the number of shares and
the anaeunt OF our subsefi ptiofs 10 said Coff.pa-
ny
CHARTER or THE COMPANY.
ist The said corporation shall be calletl The
Baton Rougp aid Clitton Plank Road Company
and its dotnicile is fixed In The city OF Baton
Rouge.
2nJ. The said corpora ion Is established for the
purpose Of cotist ftetIng, working. and maintains
ing a plank read from Baton Rouge TO Clinton
Louisiana, and from thence hereafter to be CON
tintietl to Liberty in Amite county State OF Miss
issipai. should d company be formed In Unit
County to connect at The State line.
ga. The capital stock of the Company is fixed
Of One Hundred Thousand Doll afs. divided into
four thou. and shares al twenty five da,llars each!
A payment Of five per cent on the amount OF
each share shall be made, within thirty days aE-
ter the election Of the first Board of Directors.
The subsequent payment shall be made III such
sums and at steh periods as shall be hSetl by the
Board bf Directors. Provided "That no call shall
be made. for a greater amount than ten per cent
at one lime. and that sixty days notice of each
call shall be given, by publication in one hews-
paper published in Baton Rotg which shall be
known TO the stockholders as the official paperof
the Cothpany, and In one newspaper published
at Clinton.
4th. The said corporation shall go into opera
ton. and be ofganizdd, so soon as shares OF stock
to the amount of Thirty Thousand Dollars shall
have been subscribed.
9Th. The business of the corporation shall be
conducted at it's dolniril. In the city Of Baton
Rouge. by a Board composed Of seven Directors.
who shall be stockholders. The Directors shall
elect one Of their body as President ofthe COM
pany, at their first meeting after their election.
A quorum to transact business shall consist Of At
least three members ard the President. OF any
four members ofthe Bnard. At all elections by
the stockholders. and at all their meetings each
share shall be entitled to one vote. Votes may
be given in person OF by ptory. The President
Of the Company is the officer designated as the
one on whonl legal service of all process or cita-
ton against the Company may be made, and the
eompany agree to be bound, by service Of profess
OF citation, whether made On the President in pef4
SUM- " W HIS HuNfSbS at tHF ottttC u NV iOtiPuN
NY LII the hands of any of It's officers.
9Th. The first Board Of Directors shall be che
sen az soon as the list Of subscription shall be
closed. This election shall be held at Baton
Rouge Under the superintendent of the cor1mis-
sienets hereafter designated and appointed to re-
ceive subseription-All subsequent elections
shall be held at Baton Rouge under the superin-
tendance OF three commissioners appointed from
amongst the stockholders by the Board Of Direct
ofs for the titne being. Notice Of The first elee-
ton uf Directors, shall be given fifteen days In
advance, in at least one newspaper published in
Baton Rouge. and one published DIT Clinton. The
first Board of Directors shall hold office until the
third Monday In January, 1854. The election
shall be annual, and each subsequent Board shall
be elected on the third Monday of December.
A failure to elect Directors. shall not dissolve the
corporation, but the Board In office shall continue
the exercise OF its functions until a 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
he company, and in one paper published at Glin-
ton,
7th The following persons are hereby appoin-
ted commissioners for the purpose OF re, ewing
subscription 10 the stock Of said corporation
ttft Commissioners at Baton Rouge. T.. g..
MoRaAs, $, Nj HARr, II. I. WAppILtss A. $.
HRHaos, EUGENE LANouE and w s.. PIKE. At
Clinton. j.. H.. MusH, H. H. HAsNss, HENRY
MAnsteN. q. w. MtSDaY, j. B. SMtfa, VIM
pArrKnsuN and M. 9. Nuts. The said toni-
tiiissioi,ers shall have power 10 appoint deputies
or agents in other places 10 receive subscriptions.
Three shall form a quorum TO do business. The
subscriptions shall be closed as seuti az the
AMOUNT Of Thirty thousand Dollars shall have
been subscribed. and the commission sfs shall inn
ffiaitntriy 1bntSntfar tlattrp ttp rharfpt with tho
names Of the subscribers To be registered in The
Office of the Recorder Of Mortgages as required
hy law. and shall cause notice to be given and an
election for Directors held as provided for In the
9th Article Of The charter 5ltA3 8#fi
9Th. Imtneliaf, " after the election Of the first
Board oil Directors The subscription Hist shall be
opened Tor d term of three months at such places
as may be deemed advisable by the Board Of Din
%feciors. and public notice shall be given thereof
d newspaper published at the place where sa
books are opened; and the boarg
shall have power to appoint agents for rpceiv1n
subscriptions. AT the end of said three months
ii the amount of subscriptions shall exceed til
amount of capital required, a meeting Of stock.
holders and subscribers shall be held to determine
whether the capital shall be increased 10 the
amount Of the subscription and If the
be not 80 increased, then the number OF
subscribed shall be reduced from the larg-
subscription SO as not to diminish the number
Of shares Of any subscriber, while another re.
with a larger number Of shares. II their
be any deficiency III the amount Of capital sub
the said subscription books may be re-
opened and closed from time to time, until the
capital shall have been subscribed.
9th. In case offailure on the part efany subscri-
Der to pay the enstallinents on his stock as reqliir-
ID. the Board Of Directors, shall have the option.
alter thirty days written notice TO the defauiters
1f FORGETTING the stock. and selling it for the benea
1T Of said stockholder, or of compelling by suit
he payment of such enstallment and no stockA
holder shall be permitted TO vote while In default
10th. All meetings 81 Stockholders called for
he purpose of increasing OF diminishing the caps
tai stock Of the company OF for any of the purpos.
ss enumerated in the fifth section of the act Of
he Legislature of Louisiana entitled IA act for
he organization Of corporations for hrork OF pubir
Improvement and atilty,t' shall be composed Of pers
holding IN their own right, Or as agents for
at least thfee-foprths Of the stock Of the
in order to take valid and binding ac-
ion in the premises, at all other meetings of
stockholders, and at all elections, q majority of
took shall be represented. and in this latter chse,
f such majority be not present nor represented
he meeting shall be adjourned for one week,
lnd.the vote ut the majority Of the stock present
md represented at such adjourned meeting shall
the company in the same manner, as If
majority Of all The stock were present and rep
nth. Any vacancy IN the Board Of Directors, :
during the year may be filed BY q vote
i the Board of Directors.
10th. The President and Directors Of said cor
oration she'll have power to rake and use a
omtnon seAI--to elect a newspaper, which shall !
Il known to the Stockholders as the official paper 1
fthe company: and in which all advertisements {
hall appear aud 10 do every thing necessary for /