The daily comet. [volume] (Baton Rouge, La.) 1850-1856, 1852-11-17

duced fsUmtlIe largest atb6tription so as
not to dimisE The number 81 shares Of any
subscriber, while another remains with
larger number Of shares II there be any
deficiency in the amount Of eapital subsc rib
ed, the said subscvji n lion books may be re-
opened and closed from time to time, until
the whole capital shall have been subscribe
ed.
9Th. In case of failure on the part Of any
subscriber to pay the installments on his
stock, as required, the Board Of Directors,
shall have the option, after thirty days
written notice to the defaulter, Of for!eiting
the stock and selling it tor the benefit Of
said stockholder. or Of compelling by suit
the payment Of such enstalment and no
stakeholder shall be PERMITTED to vote while
in default.
10th. All meetings Of Stockholders called
for the purpose Of increasing or diminish
ing the capital stock of the company or tor
any Of the purposes enumerated in the fifth
section Of the act OF the Legislature of
Louisiana entitled &. IA art eeganisa-
t;on of corporations for wot&1y public i'm
pyocemessanf utility" shall b composed al
persons holding in their own right. or -
agents for others at least three-tourths OF
the stock of the company, in order to take
va!iasanI binding action in the premises.
at aVnther meetings of stockholders, and
At all elections. a majority of stock shall be
represented, and in thls a'tercase. il such
majority be not present nor presented the
meeting shall be Adjourned for one week.
and the vote Of the majority OF tli4$ stick
t.l oI sfa<et1 a Srsfr>kgv
meeting shall bind the conpanyfn the same
mannes. as il majority OF all the stock
were present and reprs s,nted e
nth. Any vacancy in the Board of Dir
ectors, occurring during the year may be
flied by vote of the Boari o. Directors.
18th. The President and Directors ofsaid
corporation shan liavs power 20 make and
use a comanon sea'-.o elect a newspaper
which shall be Known TO he Stockholders
as the of .iaI paper of the Company. and
in which all aiyer,i-emens shall appear.
snl to do every thing necessary for the
repair. and uain'a'naace "i
thssplank road herein before described, With
asnlany tracks a, tney may deem necess-
|hry to determine the shne of the road and
Ffha depots that may he necessary TO make
AL eon,trlrt all wyras whatever for the
proper and complete working Of the road
10 cor1strnc. all briise. over navasab'e aud
o-har streams. and wheshe- the crossin,.
shat, Ne by bridge or ferry, to contract
specially r,rwork, labor or materials to be
furnished to the company. and to agree
w,.iher the whole OF any part thereof shalt
he payable il, the capital Stock OF the Con-
paly: to appoint a Secretary freas,'rcr
Sunre;utenlenis. Engineers. and other
Of 'ers or servants necessary or proper. foi
fhe faithful performance. OF any duty nec-l
;. sary To the construction or proper mann.
'aiuance Of the sail p'ank road; to make all
contracts for the fnrlisaingof material or
.nliam .n,s for the road on such credits a
hey nav deem proper; % borrow money
far and ON account ot said roa in any sum
,,t to exceed ten THOUSAND dollars. unless
~ hor;ze by a vote of two thirds Of he
Stockholders not to exceed that sum. and to
uortyag. the said roal and It's appurtenan-
.es to secure the payment of the same to
n Ike all contracts for she purpose OF speed
" AMI property constructing said road. and
when said road or any part thereof Is tinish-
ei. to fl < the rate OF toll. for same TO make
ali rules All r. .ulations or by-!aws necrs-
49," ." ~ .ao nr,,.r safe and reuular tran
,.,;oo IF ,he business of the company: bit
-, - ,,,la ,,J ,e,nla.,o,s shall be subject
~ ,an.al cha,rc amendment OF modifi,.a.
49,, nv .ho sto .Lh,id.rs ar their ,neet,u.s
or bv the President an. 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-
go .a,e ~ -. >, &C., flo ,ayneut Of all oy7