The daily comet. [volume] (Baton Rouge, La.) 1850-1856, 1852-09-17

which shall be known to the Stockholders
as the official paper of the Company, and
in which all advertisements shall appear.
and to do every thing necessary for the
the plank road herein before described, with
as many tracks as they may deem necess-
airy to determine the line of the road, and
the depots that may be necessary to make
and construct all works whatever for the
proper and complete working Of the road:
to construct all bridges over Manageable and
other streams, and whether the crossing
shall be by bridge or ferry to contract
specially for work, labor or materials to be
furnished to the. company, and to agree
whether the whole or any part thereof shall
be payable in the capital stock Of the Com
pany; to appoint a Secretary, Treasurer,
Supreintendents, Engineers, and other
officers or servants necessary or proper, for
the faithful performance, of any duty nec-
essary to the construction or proper main
tainance of the said plank road to make all
contracts for the furnishing of material or
equipments for the road on such credits as
they may deem proper; 10 borrow money
for and on account Of said road in any sum
not to exceed ten thousand dollars, unless
authorized by vote of two thirds Of the
tockholders, not to exceed that sum, and to
mortgage the said road and its appurtenan-
ces to secure the payment of the same ; to
make all contracts for the purpose fspeed-
ly and properly constructing said road, and
when said road or any part thereof is finish
ed, to fix the rate of tolls for same to make
all rules and regulations or bylaws neces-
sary for the proper, safe and regular trans
action of the business of the company; but
such rules and regulations shall be subject
to repeal. change. amendment. or moditca-
ton, by the stockholders at their meetings
or by the President and Directors in Them
tervals; they may accept donations in land
or money. or such materials or labor as may
be useful to the company they shall de-
clare semi-annuaIly the dividends arising
from the road after the payment of all ex-
penses. Said dividends shallsbe declared
and made payable to the stockholders dur
ing the first fifteen days of December and
June of each year they shall make at least
once in each year report in full detail to
the stockholders. exhibiting the expences
and profits or revenue fthe road as well as
the cost during the process of constru citing
the same as well as the repairs that may be
made thereof; they shall keep or cause to
be kept regular set Of books, on which
shall he entered in regular order all business
or other transactions of the company. which
said book shall be opened to the inspection
of the stockholders at the office ofthe COM
pany. A stock book shall be kept and GER
!, LII H. 20, ho
tockhoiders, and no transfer of stock shall
be binding on the company until made on
its stockbOok
IS. If any subscriber for stock shall be
taxed by virtue OF any law or ordinance for
the payment of subscription to the company
10 shall have the right of reducing the
number of his shares by an amount equal
to that of the tax so imposed. but this
right must be exercised within thirty days
from the date OF the law or ordinance after
which term it shall not be allowed.
18th An annual meeting of the stockhol-
ders shall be held on the first Monday in
December to receive an annual report OF
the past years operation and business of the
company at which full statement Of the
financial affairs and other business of the
company shall be submitted by the Presi-
dent and Directors for examination by the
stockholders and their agents.
18th At the expiration of the charter, or
whenever the dissolution of the corporation
shall render necessary its liquidation, three
commissioners shall be elected by the stock
holders whose duty it shall be to take pos
session of the property of the company and
conduct its business to final liquidation on
such terms and in such manner as shall be
determined by meeting Of the stockholders
regularly convened fot that purpose, and If
at the expiration of the present charter
majority of the stockholders in number or
amount shall desire to renew the same for
further term, the stakeholder dissenting
from said renewal shall be bound to trans
fer their stock to those during the renewal
at its fair value, to be fixed by appraisers
mutually chosen for that purpose.
Notice.