The daily comet. [volume] (Baton Rouge, La.) 1850-1856, 1852-11-05


structing Plank Road from the city o
Baton Rouge, in the Parish Of East Bato1
Rouge, to the town of Clinton. in the Parisl
Of East Feliciana, and from thence alon!
the most eligable rout to point that will
connect the town of Liberty in Amite Co.
State Of Mississippi, and for that purpos,
we have formed the annexed charter, ant
have signed the same, and have added t.
our signature statement of the humber O.
shares and the amount of our subscription.
to said Company.
CHARTER OF THE COMPANY.
lst The said corporation shall be called
the Baton Rouge and Clinton Plank Road
Company" and its domicile is fixed in the
the city Of Baton Rouge.
end. 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. Tho capital stock of the Company
10 fixed at One 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 subse-
quent 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 greater amount than
ten per cent, at one time, and that sixty
days notice Of each call shall be given, by
publication in one newspaper published in
Baton Rouge 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 60 into
operation and be organized, SO soon as
shares of stock to the amount of Thirty
Thousand Dollars shall have been SUBJ
scrbed
9Th. The business of the corporation shall
be conducted at its domicil, in the city of
Baton Rouge by Board composed of seven
Directors, 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
four members of the Board. At all elections
by the stockholders, and at all their meet
ings each share shall be entitled to one vote
Votes may be given in person or by proxy.
The President Of the Company is the officer
designated as the one on whom lega! service |
Of all process or citation against the Com.
pany may be made, and the company agree |
TO be bound, by service of process or cita-
ton, whether made on the President in |
person, or to his address, at the office of the |,
company in the hands of any Of its officers |
9th. The first Board of Directors shall |
be chosen as soon as the list of subscription
shall be closed. This election shall be held |
at Baton Rouge under the superintendent
of the commissioners hereafter designated
and appointed to receive subscriptions.-l
All subsequent elections shall be held at
Baton Rouge under the superintendent Of
three commissioners appointed from am
ongst the stockholders by the Board of d.
rectors for the time being. Notice of the
first election of Directors, shall be given
fifteen days in advance, in at least one news
paper published in Baton Rouge, and one
published at Clinton. The first Board of
Directors shall hold Office until the third
Monday of January, 1854. The election
shall be annual, and each subsequent Board
shall be elected on the third Monday of Dec
ember. A failure to elect Directors, shall
not dissolve the corporation, but the Board
in Office shall continue the exercise of its I
functions until new board can be elected
All notice of elections and of meetings of +;
after the first election above
provided for, shall be given by publication
thirty days in advance, in the official paper I
If the company, and in one paper published
It Clinton. S
18th. The following persons are hereby {
appointed commissioners for the purpose Of S
eceiving subscriptions TO the stock of said G
Viz: Commissioners at Baton :
Rouge, I. G. Morgan, S. NJ. Hart, H. T. t
Naddill, A. S. Heron. Eugene Lanoue and s
". S. Pike. At Clinton, J. H. Muse, H.
/. Haynes, Henry Marston, CIV. Munday, il
!. B. Smith, VIM. Patterson and NJ G.
Mills. The said commissioners shall have t
'ower to appoint deputies or agents in t
ther places to receive subscriptions h
Three shall form quorum to do business. n
The subscriptions shall be closed as soon as t
he amount Of Thirty Thousand Dollars r
hall have been subscribed, and the COM Fl
nissoners shall Immediately thereafter v
ause this charter, with the names of the
ubscribers to be registered in the Office Of d
be Recorder Of Mortgages as required by L
Nv, and shall cause notice to be given Il
nd an election for Directors held as provid. c.
d for in the 9th Article of the charter. fl
9Th. Immediately after the election c.
the first Board of Directors the SUBJ d.
:ription list shall be opened for term st