Baton-Rouge gazette. [volume] (Baton-Rouge, La.) 1819-1856, 1852-12-18
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BATON ROUGE and CLINTON
Plank Road COmpany,

~ IA uburtcfHfcu hEtct W tpt1u tuiNrFFc ca
into d col r~oration, undef the laws Of the State d
Louisiana. as particularly set forth in ali act sntis
tied All IN for The orRdhisaf IF rvrpefufiens jbt
aitshs VI ptbstc improvement t,Ia tftleiy'f-a copy
I'll which l. hefeilfo annexed, for the purpose Vi
constructing a Plank Roati frofi, the city Of Latoii
Rouge In the Parish of East Baton Rouge, TO The
town Of Clinton. IN the parisll Of East FeIieinna,
aiha from thence alung The tiost eiigable route 10
a point that will connect the town vi Liberty III
Allite county. State oil Mississippi. and for that
purpose we nave formed The anne xed charter, and
have signed the spnie. and have aided 10 our sig-
nature a statement Of the number vf shares and
the amount OF ctr subscriptions 10 said Cenipa.
ny.
CHARTER or THE COMPANY.
LIST The said corporation shall be called tho
Baton Rouge and Clinton Plank Road Company, y
and its dotiiieile Ia fixed in The city Of Baton
Rouge.
2nd. The said corpora lon is established for the
purpose Of constructing, working, and maintains
ing a plank road IRON Baton Rouge to Clinton
Louisiana. and from thence hereafter 10 be cons
titi,ied to Liberty In Aniite count Y. State Of Miss
issipai. should a company be formed In Atnite
County to connect at The State line.
3D.. The capital stock of the Company IL fixed
at One Hundred Thousand Dollars, diyited into
four thousand shares at twenty-five dollars each.
A payment Of five per cent ON the amount or
each share shall be made, within thirty days aE-
ter the election Of the first Board OF Directors.
The subsequent payment shall be made In such
sttIis and at such periods as shall be fixed by the
Board Of Directors. Provided aThat no call shall
he made. Tor a greater amount than ten per cent
at one time. and that sixty days notice Of each
call shall be given. by publication In one
paper published in Baton Roug 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 20 into opera
ton. and be organized. SO soon az shares OF stock
TO the amount oil Thirty Thousand Dollars shall
have been subscribed.
9th. The business Of The corporation shall be
conducted at its %,otnicil. in the city Of Baton
Rouge by a Beard composed of seven Directors.
who shall be stockholders. The Directors shall
elect one Of their body as President oIthe Cen,-
pany, at their first meeting after their election,
A quorum to transact business shall consist Of at
least three members and the President, or any
four members ofihe Board. Al all elections by
The stockholders, anil at all their meetings each
share shall be entitled to one vote. Votes may
be given In person or by rrofy. The President
Of the Company Is the officer designated as the
one on whom legal service OF all process or eiia-
ton against the Company may be made. and the
company agree TO be bound, by service Of process
OF CttdEtVH. WHETHER Iiaup Dl Tue HIeSiu6HtI III Def
son, or to his address at the Office of the compa-
NY in the hands OF any Of It's officers.
9th. The first Board of Directors shall be ehp.
sen as soon as the list OF subscription shall be
closed. This election shall be held at Baton
Rouge under the superintendent of The commits
sinners hereafter designated aud appointed TO re.
eeiee sabsctiption.-All subsequent elections
shall be held at Baton Rouge andei the ~sul,efin.
tendence OF three commissioners appointed from
amongst The Stockholders by the Board OF Direct
ofs for the titne being. Notice Of the first elee-
ton of Directors, shall be given fifteen days In
advance, in at least one newspaper published In
Baton Rouge, and one Published at Clinton. The
first Board Of Directors shall hold Office until the
third Monday III January. 1874. 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 It's functions until a new board
can be elected. All hotire of elections and Of
meetings Of Stockholders after the first election
above provided Tor. shall be given by publication
thirty days in advance, in the official paper of
he company, and in one paper published at elm.
ton.
eth. The following persons are hereby appoin-
ted commissioners for the purpose OF receiving
subscriptions to the stock Of said corporation.
Ttss Commissioners at Baton Rouge. L. q.
MeReAN. s. NJ. HARr, II. I, WApbiIl, A. s.
HrRsoN, EueENt LANouE and w. =. piks. AT
Clinton. j. II. MrsE, Ii. H. HAYNES. HssRY
MANSION, g. w. MusnAY, j. b, SMITH, VIM.
PATTERSON and M. g. MiLLs. The said conn
inissionefs shall have power 10 appoint deputies
or agents Ia other places TO receive subscriptions.
Three shall form q quorum 10 do business. The
subscriptions shall be closed as soon as the
amount oil Thirty Thousand Dollars shall have
been subscribed. and the commission FRA shall i'm.
taediately thereafter cause tue charter with The
nanles of the subscribers to be registered in The
office of the Recorder OF Mortgages az required
By law. and shall cause notice to be given and an
Election for Directors held as provided for In the
3th Article Of the charter.
sth. Immediately after The election Of the FIRST
oil Directors the subscription list shall be
Tor a term OF three mouths at such places
Is may be deemed advisable by The board Of Din
eetors, and public notice shall be given thereof
newspaper published at the place where sa
description books are opened; and the boais
hall have power to appoint agents for rnceivin
Inscriptions. AT the end Of said three months, ,
| the amount Of subscriptions shall exceed tn
mount of capital required. o meeting Of stock i
and subscribers shall be held to determine /
shether the capital shall be increased 10 the
Whole amount Of the subscription and If the I
apital be not so increased, then the number OF Q
subscribed shall be reduced from the larg-
st subscription so as not TO diminish the number
{ shares OF any subscriber, while another re-
lains with a larger number OF shares. 1t their
d any deficiency Ia the amount of capital SUBJ
the said subscription books may be re- /
pened aud closed from time to time, until the
ehole capital shall have been subscribed.
9th. In case o~tiailure on the part oil any subscri- .
er to pay the enstallments on his stock as requir-
1 sf. -. ~ ~ 11sN. af..~a F.lutI ka... H. atsA. E
ter thirty days written notice TO the d~efaulter, :
~iorieiting the stock. and selling it for the bene- :
Of said stakeholder, or Of compelling by suit !.
lie payment of such enstallment and no stock !,
older shall be permitted to vote while iii default y
10th. All meetings OF Stockholre rs called for Y,
le purpose Of increasing or diminishing the cap :
al stock of the company Or for any Of the purpos- \
enumerated ii the fifth se ton Of the act If b
e Legislature Of Louisiana entitled 1.4n act for
4 organization Of corpo,tt,oas for rork d ptbdic o.
and atilty,H shall be composed Of per- n
ms holding in their own right, Or as agents for
hers al least three foarths Of the stock of the e
,napany, id order to take valid and binding ac- |,
,n in the premises, at all other meetings of =
ockholders, and at ell elections. q majority Of -
ock shall be represented, and in this latter case, n
such majority he not present nor represented
& meeting shall be adjourned for one week. r
ID the vote OF the majority of the stock present "
ID represented at such adjourned meeting shall
nd the company in the same manner, as if
OF all the stock were present and rep o.
:,
18th. Any vacancy in the Board Of Directors, :
curing during the year may be filled by a vote
the Board Of Directors. Z
18th. The President and Directors Of said cor J
ration shall have power to make and use q ~
.mon seai-to elect d newspaper, which shall 9
known to the Stockholders as the official paper a.es
the company. and in which all advertisements Il,
all appear ana 70 90 every ththg necessary ir All
. construction, repair. aud malntainance Of the Pc