The daily comet. [volume] (Baton Rouge, La.) 1850-1856, 1852-12-01

structing a Plank Road from the city OF
Baton Rouge, in the Parish of East Baton
Rouge, to the town Of Clinton. in the Parish
Of East Feliciana, and from thence along
the most eligable rout to point that Will
connect the town of Liberty in Amite Co.,
State of Mississippi, and for that purpose
We have formed the annexed charter, and
have signed the same, and have added to
our signature a statement Of the humber OF
shares and the amount Of our subscriptions
to said Company.
CHARTER OF THE COMPANY.
1st The said corporation shall be called
the "Baton Rouge and Clinton Plank Road
'Companyn and its domicile is fixed in the
city of Baton Rouge.
2nd. 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.
3rI. The capital stock Of the Company
is fixed az 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 s0bse-
ouent 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 sub
scribed. .,
5th. 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 frst
meeting after their election. A quroum to
transact business shall consist OF at least
three members and the President, or any
four members fthe Board. At all elections
by the stockholders, and at all their meet
;nes each share shall be entitled to one vote
Votes NAV be given in person or by PROXY
The President Of the Company is the office
designated as the one on whom lega! service
of ali process or citation against the Com
pany may be made, and the company agree
to be bound, by service of process or cita-
tion. whether made on the President IT
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 helt
at Baton Rouge under the superintendent
Of the commissioners hereafter designated
and appointed to receive subscriptions
All subsequent elections shall be held a
Baton Rouge under the superintendent o
three commissioners appointed from am
ongst the stock holders by the Board OF III
rectors for the time being. Notice OF tn
first election of Directors, shall be givel
fifteen days in advance, in at least one news
paper published in Baton Rouge, and ON
published at Clinton. The first Board
directors shall hold Office until the Thru
Monday OF January, 1854. The election
shall be annual, and each subsequent Boar
shall be elected on the third Monday of Dec
ember. A failure to elect Directors, shall
not dissolve the corporation, but the Boar
in office shall continue the exercise OF it
functions until a new board can be elected
All notice of elections and of meetings o
stockholders after the first election abov
provided for, shall be given by publication
thirty days in advance, in the official pape
of the company, and in one paper publishe
at Clinton.
7th. The following persons are hereb
appointed commissioners for the purpose 9
receiving subscriptions TO the stock OF sal
CORPORATION. Viz: Commissioners at Bato
Rouge, T. G. Morgan, S. NJ. Hart, Il. I
Waddil, A. S. Heron. Eugene LaIoue an
w. S. Pike. At Clinton, J. H. Muse, H
H Haynes, Henry Marston, CIV. Munday
J. B. Smith, VIM. Patterson and NJ: G
Mills. The said commissioners shall nav
power to appoint deputies or agents i
other places to receive subscriptions
Three shall form quorum to do business
The subscriptions shall be closed as soon q
the amount of Thirty thousand Dollar
shall have been subscribed, and the CON
missoners shall Immediately thereatte
cause this charter, with the names Of tn
subscribers TO be registered in the office {
the Recorder of Mortgages as required b
law. and shall cause notice to be give
and an election for Directors held as proviC
ed for in the 9Th Article of the charter.
9Th. Immediately after the efectio
of the first Board of Directors the sut
scription list shall be opened for ter,