Baton-Rouge gazette. [volume] (Baton-Rouge, La.) 1819-1856, 1852-11-27

G II A II r Il z
c II "A II T L r
or THE
BATON ROUGE and CLINTON
Plank Road Company,

y Il ZI % w aE
We the undersigned agree TO form o~urselve
into d corporation, under the laws Of the State o
Louisiana. as particularly set forth in an act emit
tied an 's.af for thr organization Of corporations fo
tuo,ks of public Improvement and atHitypA~a cop,
of which il hereinto annexed, for the purpose o
constructing Ii Plank Road from the city Of Batoi
Rouge III The Parish OF East Baton Rbiise, 10 III,
town of Clinton, hi the Parish of East Feliciana
and from thence along the most eligable route Il
a point that will connect The town OF Liberty il
Amite county, State of Mississippi, and for tha
purpose we have formed the annexed charter, ant
have signed the shtfIe. and have added to otr sig
nature a statement Of the number Of shares ant
the amount Of our subscriptions to said Corfipa
ny,
CHARTER or THE COMPANY
list The said corporation shall be called tti
Batoii Rouge and Clinton Plank Road Company
and Ito douiicile Is fixed lii tile city of Batol
Rouge.
2nd. The said corporation, is established for til,
purpose of constructing, working. and maintain
ing q plank road from Baton Rougs 10 Clinton
Louisiana, and from themes hereattef to be con
tin,ed TO Liberty in Amite county, State Of Miss
issiphi. should a company be formed In Atnits
County 10 connect at the State line.
80. The capital stock Of the Company is fixnt
at One Hundred Thousand Dollars, divided into
four thousand shares at twenty five dDllars each
A payment Of five per cent on the amount o
each share shall be made, within thirty days If
ter the election Of the first Board Of Directors
The subsequent payment shall be made in sucl
Sums and d. such periods as shall be fxed by thu
Board of Directors. Provided "That no call shall
be made. for a greater amount than ten per cent
at one time, and that sixty days notice Of each
call shall be given, by publication III one news.
paper published In Baton Roug which shall be
known 10 the stockholders as the official paper d
the Company, lind in one newspaper published
DIT Clinton.
4th. The said corporation shall go into opera.
ton. and be- organized, sc soon as shutss OF stock
TO the amount Of Thirty Thousand Dollars shall
have been subscribed.
9th. The business Of the corporation shall be
conducted at its donicil, 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 ofthe Cons
pany, at their first meeting after their elections
A quorum 10 transact business shall consist of at
least three members and the President, or any
four members ofihe Board. At all elections by
the stockholders, and at all their meetings 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 legal service Of all process or eita4
ton against the Company may be made, and the
company agree to be bound, by service Of process
or citation, whether made on the President. in pers
son, or to his address at the Office of the compaA
NY in the hands OF any Of ito officers.
9th. The first Board Of Directors shall be chos
sen as soon as the list OF subscription shall be
closed. This election shall be held at Baton
Rouge under the superintendent Of the commisa
%sioners hereafter designated and appointed to re-.
ceive subscription. AL subsequent elections
shall be held al Baton Rouge under the %superinA
t~endence Of three commissioners appointed from
amongst the stockholders by the Board OF Direct
ors for the time being. Notice OF the first elec-
tion of Directors, shall be given fifteen days in
advance, in at least one ne vspaper published in
Baton Rouge, and one Published at Clinton. The
first Board of Directors shall hold Office until the
third Monday 10 January, 1854. The election
shall be annual. and each subsequent Board shall
be elected on the third Monday of December.
A failure to elect Directors, shall not dissolve the
corporation, but The Board In office shall continue
the exercise OF ITS functions until a new board
can be elected. All notice of elections and Of
of stockholders offer the first election
provided for, shall be given by publication.
thirty days in advance, in the official paper Of
he company, and in one paper published at Clln-
18th. The following persons are hereby appoin-
ted commissioner for the purpose of receiving
subscriptions to the stock of said corporation.
ris: Commissioners at Baton Rouge, Z. G..
MoaeAa. 8. M. HARr, H. T. WAppiLt, A. s.
HERaoa, EUGENE LAsouE and w s. pisE. AT
Clinton, J. IL. MusE, H. H. HArsss, HErRY
MAKsros, G. w. MuNpAY, J. B. SmiTH, VIM.
and M. g. Mills. The said CONF
nissioners shall have power 10 appoint deputies
Or agcnts in other places 10 receive subscriptions.
Three shall form d qioTtn to do business. The
subscriptions shall be closed as soon as the
amount Of Thirty Thousand Dollars shall have
been subscribed, and the commission rs shall i'm
nediately thereafter cause the charter with the
times Of the subscribers TO be registered in the
office Of the Recorder Of Mortgages as required
by law, and shall cause notice to be given and an
,lection for Directors held as provided for in the
18th Article Of the charter. ~
9Th. Immediate ly after the election of the first
3oard of Directors the subscription list shall be
opened for a term Of three months ut such places
IS may be deemed advisable by the Board Of Din
ectors, and public notice shall be given thereof
newspaper published at the place where sa
subscription books are opened; and the boarg
hall have power to appoint agents for receivin
Inscriptions. At the end of said three months,
{ the amount Of subscriptions shall exceed tn
mount of capital required, a meeting Of stock
'olders and subscribers shall be held to determine
whether the capital shall be increased to the
Whole amount OF the subscription and II the
,apital be not 80 increased, then the number OF
hares subscribed shall be reduced from the larg-
st subscription 80 as not to diminish the number
+ shares Of any subscriber, while another re-
Mains with a larger number OF shares. Ii their
2 ANY, M aenclenGy ID .ne ainouh hs o. CAPITA, SUD-
sl, : ~. .ns s sa ! su s'0.I. s = n'ay ~ 3.
peneu ana cios a l,onn lIIie 20 unie, ah'll the
9TH Tnrase o~ffs;lnra IN H. mart afanv s,,bscr;.
or 10 nav the ens,ailn,ents IN bis storL as renn;r.
ffer fb;rtv dsvs wr;t,an notice ~ ,he da%fapltar
s@nrfa;t;na III stocL ami selling i for ths hana'
/ Of said stock holder. mr. &c comnelling hv s,,;,
i navment of s,,ch anstallroens and no stocLs
oldar shali hs nsr,,;ttsd e. Vote wh;ls - dof,uIt