Southern sentinel. [volume] (Plaquemine, Parish of Iberville [La.]) 1848-1858, 1852-08-14
NEW ADVERTISEMENTS
CHARTER OF THE
Crosse Tete and Baton Rouge
PLANK ROAD COMPANY,


State of Louisiana, as particularly set forth in an
act of the Legislature of Louisiana. entitled, An
Act for the organization of Corporations for works
Of public Improvements and utility" for the pur-
pose of constructing a Plank Road from the Mis-
slsslppl river, opposite the CITY of Baton Rouge.
and thence along the most eligible route TO a CEN
trail point on the Bayou Crosse Tete, the present
> proposed terminus; and hereafter 10 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 to
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 " Tie
Crosse IFte and Batoe Rouge Plank Road CoHpa-
ny" and its domicil shall be fixed at It's office on
BAYOU Crosse Tete.
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 10 Bayous Maringouin and Ala
bama-to Attakapas, if the Company shall deem
it necessary.
g.. The Capital of the Company shall be fixed
at $50, 600, divided into 2400 shares of S25 each,
payable IS 80 1-3c. per share Oh the lst OF April.
1888; IS SO 1-3c. per share on the Isl Of April.
1854 and IS SO 1-3c. per share Oh 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.
INV sDhccrihar rav tho Uvhnta n y n
amount of his subscription for stock, in cash, at
the time Of subscribing, in which case he shall be
entitled to a deduction of 8 per cent. per annum
on the amount paid
4. Said Corporation shah go into operation and
organize rs soon as shares of Stock to the amount
of $40, 00G shall have been subscribed.
S. 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 Commissioners aforesaid; all subsequent cleo
tons under the superintendent of three Commits
sioners 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 LIST Monday of April, 1883. The cleo
tons shall be annual, and each subsequent Board
shall be elected on the third Monday of March
A failure to elect Directors shall not dissolve the
Corporation, but the Board in Office shall continle
the exercise OF Its functions until a new Board can
be elected. All notices of elections and Of meet
ings of Stockholders, after the first election above
provided for, shall be given by publication fifteen
days in advance, in the official paper of the Com
pany.
s. The following persons are hereby appointed
Commissioners for the purpose of receiving sub
s~criptions to the Stock of said Corporation. viz:
Bayou Crosse 1ete and Marlngouia-Chas. 4.
Slack, Theo. Johnston, VIM. J, Began, DR.. I. S.
Garrett, DR.. G. w. Campbell.
West Baton Rouge-W. B. Robertson, DR.. w.
). Lyle, J. V. Durable, VIM. R. Stuart, John L.
Aobdell, Dr.. 7. P. Vaughan.
Baton Rouge Cay.-Wm. S. Pike, Samuel NJ.
FlaI1? W H.. Crenshaw, D. d. Avery, and W. D.
The sand Commissioners shall have power to
appoint deputies or agents in other places for re-
CGlylnQ SuDScflD[lOns Thro1eh,Il &C., .x-~
to do business.
The lists for subscription shall be closed as soon
as the amount of twenty thousand dollars shall
have been subscribed.
Az soon as the subscription lists shall be closed,