Baton-Rouge gazette. [volume] (Baton-Rouge, La.) 1819-1856, 1852-11-13

the furnishing Of material OF equipments for the
read on such credits as they may deem proper |;
10 hoffow tti5nev for and Oh account Of said read
IN any autn not to exceed ten thousand dellsts,
Unless authorized by vste or two thirds Of the
stockholders, not to exceed that sum and 10 iaoFts
gage The said road and ts appufteaatees 10 secure
The payment ef the same to make all contracts
iot the purpose Of speedily and properly 6nhs
stfuetlng said road, aud when said road Of any
part thereof Ii finished 10 fix the rate Of tolls for
The same to make all f9lesah regulations or bys
laws necessary for the proper. sale and regular
transaction OF the business Of the company but
such rules and regulations shall i,e subject to re-
peal change, amendment, OF modification. by the
stockholders al thet meetings, Of by the Ptesi
dent and Directors In the intervals. they may
accept donations In land or meney, OF such matea
fials OF labor as may be useful to the company
they shall declare semi. annually the dividends
stishg from the road after the payment Of all en-.
penses, Said dividends shall be declared and
made payable 10 the stockholders during the first
fifteen days Of December and June Of each year
they shall make al least once lii each year a fea
port In full detail To the stockholders exhibiting
the expenees and profits OF revenue Of The f8ad
a. well as the cost during the process Of eenshue.
ting the sane an well as the repairs that may be
made thereof they shall keep OF cause to be
kept regular bet ofb6oks Oh which shall be ei4
tered In regular order all business OF othet trans
actions OF The company, which said book shall be
opened 10 the inspection ofthe stockholders At The
Office Of the company. A stock beek shall be
kept and certificates OF stock shall be issued to
the stockholders. and no transfer Of stock shall be
binding ON the company until made on its stock
book.
TO- tfany subseribef for stock shall be taxed
by virtue OF any lew or ordinance for the pay
nieht Of subscription 10 The company, he shall
have the right OF reducing the number Of his
shares by an amount equal to that Of the tax 90
imposed, but this right must be exercised with
In thirty days from the date Of the law or ofdi.
nance aiter which term II shall NOD he allowed.
H. An annual meeting Of the stockholders shall
be held on the first Monday In December to res
eeve an annual report Of The past years opera
ten and business Of the company at which a
full statement Of the financial affairs and other
business OF the company shall be submitted by
the President and Directors for examination by
the stockholders and their agents.
10. Al the expiration Of the chart, Or whenever
the dissolution Of the corporation shall render
necessary its liquidation, three commissioners
shall be elected BY the stockholders whose duty
II shall be 10 take possession Of The property Of
the company, and conduct lite business to final
liquidation on such terms and In such manner, a.
shall be determined by meeting Of the stock.
heldefs regularly convened for that purpose, and
If, at the expiration Of the present charter ma
jefity of the stockholders In number or amount
shall desire to renew the same for a further
term, the stockholders deseenting from said renew
shall be bound to transfer their stock to those
during the renewal at its fair value, TO be fixea
by appraisers mutually chosen for that purpose,