Southern sentinel. [volume] (Plaquemine, Parish of Iberville [La.]) 1848-1858, 1852-09-11
CHARTER OF THE
Crosse Tete and Baton Rouge
PLANK ROAD COMPANY.

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w into a Corporation, under the laws of tn
State OF Louisiana, as particularly set forth in a
act of the Legislature of Louisiana, entitled, "a
Act for the organization Of Corporations for work
of public improvements and utility" for the pur
pose Of constructing a Plank Road from the Mis-
slssippl rver, opposite the city of Baton Rouge
and thence along the most eligible route to a cen
trail point on the Bayou Crosse Tete, the presen
proposed terminus; and hereafter to some point OF
the Bayou Maringouin: that will be convenien
and advantageous to the people Of said Bayou, t.
be by them selected, with a view also to the far
Their extension Of said road to Bayou Alabama
and for that purpose we have formed the annexed
Charter, and have signed the same, and added te
our signatures a statement of the number of shares
and the amount of our subscriptions to said Com
pany.
l. The said Corporation shall be called "1He
Crosse 1Ee and Baton Rouge Plank Road Compa-
n.y." and its domicil shall be fixed at its office on
Bayou Crosse T6te.
2. The said Corporation is established for the
purpose of constructing, working and maintaining
a Plank Road from the Mississippi river, opposite
the city of baton Rouge, and thence westward to
the Bayou Crosse Tete, and from thence hereafter
to be continued to Bayous Maringouin and Ala
bama-to Attakapas, if the Company shall deem
it necessary.
3. The Capital of the Company shall be fixed
at 100000, divided into 2400 shares of S25 each,
payable IS SO 1-3c. per share on the 1st of April,
1853; IS SO 1-3c. per share on the LIST of April,
1854; and So 80 1-3c. per share on the LIST OF
| April, 1855, for which amounts the subscribers
shall give notes, secured by mortgage or endorse
ment, to the satisfaction of the Board of Directors.
For all subscriptions made before the election of
Directors, such subscribers shall, within 80 DAYS
| after a Board of Directors are elected, furnish their
notes as above specified; and for all subsequent
subscriptions, notes shall be given at the time OF
subscribing, and the Commissioners in charge of
the Stock-books shall accept the securities.
Any subscriber may pay the whole, OF any
amount of his subscription for stock, in cash, at
the time OF subscribing, in which case he shall be
entitled to a deduction of s per cent. per annum
on the amount paid.
4. Said Corporation shall 60 into operation and
organize as soon as shares of Stock to the amount
of 100000 shall have been subscribed.
5. The business of the Corporation shall be
conducted at its domicil on Bayou Crosse Tete, by
a Board composed of five Directors, who shall be
Stockholders.
The Directors shall elect one of their body as
President of their Company, at their first meeting
after their election. A quorum to do business shall
consist of at least three Directors. At all cleo
tons by the Stockholders, and at all their meet
ings, each share shall be entitled to one vote.
After the first year, all shares of stock must be
owned and possessed by the voter in his own right,
or his principal, if held by proxy, six months be-
fore voted on.
6. The President of the Company is the officer
designated as the one on whom legal service of all
process or citation against the Company may be
made, and the Company agree to be bound by
service of process or citation, whether made on
the President in person or left to his address at the
Office of the Company, in the hands of any of its
officers.
7. The first Board of Directors shall be chosen
as soon as the lists of subscription are closed.
This election shall be held at the time and place
designated by the Commissioners charged with
receiving subscriptions hereinafter designated.
Notice Of this election shall be given by pu5lica-
ton made fifteen days in advance, in a newspaper
published in Baton Rouge.
The first election shall be held under three OF
the Commissioner aforesaid; all subsequent elec- /,
tons under the superintendent OF three Commas |
sioneTs to be appointed from amongst the Stock
holders by the Board of Directors for the time be-
ing. The first Board of Directors shall hold office
until the 1st Monday of April, 1853. The cleo
tons shall be annual. and each subsequent Board
shall be elected or the third Monday Of March
A failure to elect Directors shall not dissolve the
Corporation, but the Board in Office shall continue
he exercise of its functions until a new Board can
be elected. All notices of elections and of meet
ngs of Stockholders, after the first election above
for, shall be given by publication fifteen
lays in advance, in the official paper of the Com
s. The following persons are hereby appointed
Commissioners for the purpose OF receiving sub
to the Stock Of said Corporation, viz:
Bayou Crosse Iee and Ma,ingouim.-Chas. a.
Slack, Theo. Johnston, Vim. J. Began, DR.. rs
Jarrett, DR.. G. w. Campbell.
Vest Baton Rouge-W. B. Robertson, DR.. w.
/. Lyle, J.. V. Durable, VIM. r. Stuart, John [.
.obdell, DIR. t. P. Vaughan.
Baton Rouge Ciy.-Wm. S. Pike, Samuel NJ.
Hart, w H. Crenshaw, D. D. Avery, and w. D.
'~hillipps.
The said Commissioners shall have power to
ppoint deputies or agents IN other places for re-
ewing subscriptions. Three shall form a quorum
o do business.
The lists for subscription shall be closed as soon
s the amount of twenty thousand dollars shall
ave been subscribed.
AS soon as the subscription lists shall be closed,
hey shall all be returned to the domicil of the
Company, for registry in the office of the Records
r of Mortgages of West Baton Rouge, as required
y law.
g. Immediately after the election of the first
,oard of Directors, the subscription lists shall be
pened again for a term of three months, when
yer the said Board of Directors may deem it adj
isable, and public notice shall be given thereof in
newspaper published at the place where said +:
absorption books are opened, and the Board shall
ave power to appoint agents for receiving the :
Inscription. At the end of the said three months,
the amount of the subscription shall exceed the
apital required, ameeting of the Stockholders and
disorders shall be held to determine whether the :
'apital shall be increased to the whole amount of
absorption, and if the Capital be not so increased, ]
hen the number of shares subscribed shall be re-
nced by deductions from the largest subscrip-
ons, so as not to diminish the number of any j;
while another remains with a larger |
of shares.
If there be any deficiency in the amount of
4apital subscribed, the said subscription books
lay be re-opened and closed from time to time
the whole Capital shall have been subscribed.
10. In case of failure on the part of any SUBJ
riber to pay the obligations assumed by his sub
~ripfion. as required. the Board of Directors shall