The daily comet. [volume] (Baton Rouge, La.) 1850-1856, 1852-11-23
CHARTER OF TEE COMPANY.

CHARTER OF THE CUmFANx 4.
tst The said corporation shall be called
fine "Ra,on Rouge and Clinton Plank Road
Conuany.D and lis domicile is fixed IN the
city Of Baton Rouge.
ond The said corporation is established
for the purpose OF constructing, working,
and maintaining plank road from Baton
Rouge to Clinton Louisiana, and from thence
hereafter TO be continued to Liberty IN
Amite County, State of Mississippi, should
a company be formed in Amite County to
connect at the State line.
3rd Thecapiial stock of the Company
IS fixed at ODc Hundred thousand Dollars,
divided into four thousand shares at twenty
five dollars each. A payment of five per
cent on the amount of each share shall be
made, within thirty days after the election
of the first Board Of Directors The suisse
Guent payment shall be made in such sums
and at such periods as shall be fixed by the
Board of Directors. Provided THAT no
call shall be made for a .reater amount than
ten per cent, at ore time, and that sixty
,lays notice of each call shall be given, by
publication in one newspaper published III
Baton Rouge which shall be known to the
stockholders as the official paper of the
Company, and in one newspaper published
at Clinton.
dth. The said corporation, shall 90 into
operation aud be organized, SO soon as
shares of stock to the amount of Thirty
Thousand Dollars shall have been sub
scribed. so
9Th. The business of the corporation shall
be conductedsat its domlcll in the city OF
Baton Rouge by Board composed OF seven
Director, who shall be stockholders. The
Directors shall elect one Of their body as
President OF the Company, at their first
meeting after their election. A quroum to
transact business shall consist OF at least
three members and the President, or any
? four members of the Board. AT all elections
bv the stockholders, and at all their meet
mrs each share shall be entitled 10 one vote.
Votes maybe gwen in person or by PROXY.
The Presideflt of the Company is the officer
Z designated as thepne on whom legal service
ofali process ofsffhtion against the Conn
pany may be n5S1e; and the company egree
to lie bonnd. by7service Of proccss or cita-
ton, whether made on the President in
person or to his address. at the office OF the
conf any in the hands OF any OF its officers.
9th. The first Board Of Directors s. all
be chosen as soon rs the list OF subscription
shall be closed. This election shall be held
: at Baton Rouge under ,he superintendent
of the commissioners hereafter designated
and appointed to receive subscriptions
An subsequent elections shall be held al
Baton ROUGE under the Superintendent o.
three commissioners appointed from am
0ngst the stockholders by the Board OF Di-
rectorg for the time being. Notice OF thu
first election of Directors, shall be giveI
fineendays in advance, in at least one news
naper published in Baton Rouge, and one
published at Clinton The first Board o
directors shall hold Office until the thlrt
Monday OF January, 1854. The election
shall be annual. and each subsequent Boart
shall be elected on the third Monday of Dec
ember. A failure to elect Directors, shal
not dissolve the corporation, but the Boart
IN office shall continue the exercise OF IT.
functions until new board can be elected
All notice of elections and Of meetings o
Stockholders after the first election above
provided for, shall be given BY publication
thirty days in advance, in the official pape
of the company, and IN one paper publshet
at Clinton.
It'll The following persons are hereb.
amounted commissioners for the purpose o
receiving subscriptions to the stock o! sai'
CORPORATION. vi: Commissioners at Batol
Rouge. r. t,.NIorsan, s. NJ. Hart, II. /
WaddilI. A. S. Heron Eugene Lapoue ant
". S Pike At Clinton. J. II. Muse, u
Il, HAYNES. Henry uarston, CIV. Munday
I. r. Smith, VIM. Patterson and VI. q
Mills. The said commissioners shall hav
power to appoint deputies or agents il
other places to receive subscriptions
Three shall form quorum to do business
The subscriptions shall be closed as soon a
the amount of Thirty Thousand Dollar
shall have been subscribed, and the com
4 s,nissol,ers shall Immediately thereaite
cause this charter, with the names OF tn
SUBSCRIBER to be registered IN the Office c
the Recorder of Mortgages as required b
law. and shall cause notice to be give
and an election for Directors held as provld
81 for in the 9th Article of the charter
Sth. Immediately after the electlo
of the first Board of Directors the sub
eruption list shall be opened tor teri
of three monthsat such places as may b
seemed advisable by the Board of Director
and public notice shall be given thereof
newspaper published at the place wheF
said subscription books are opened and tn
board shall have power to appoint agent
for receiving subs1iptions. At the end
said three months, IF the amount of sat
scr;ptions shall exceed the amount of cap
tai required, meeting of stock ho!del
and subscribers shall be held to determin
whether the capital shall be increased 4
the whole amount of subscription and