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

COnnect tne town O1 Liberty IN Annie 20
State Of Mississippi, and for that purpos
we have formed the annexed charter, an,
have signed the same, and have added I,
our signature statement of the humber o
shares and the amount Of our subscription
to said Company.
CHARTER OF THE COMPANY.
1st. The said corporation shall be called
the "Baton Rouge and Clinton Plank Roat
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
company be formed in Amite County to
connect at the State line
Bird The capital stock Of the Company
- fixed a! One Hundred Thousand Dollars,
divided into four thousand shares ut twenty
five dollars each. A payment of five per
cent OH 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 ne wspaper 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 20 into
operation and be organized, 40 soon as
shares of stock to the amount of Thirty
thousand Dollars shall have been sub.
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
three members and the President, or any
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 pvory
The President Of the Company is the officer
designated as the one OH 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 81 all
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
Ali subsequent elections shall be held at
Baton Rouge under the superintendent of
three commissioners appointed from am
ongst the stockholders by the Board of Dr. |
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
n office shall continue the exercise of its
functions until new board can be elected.
All notice Of elections and of meetings of
.tockholders after the first election above
provided for, shall be given by publication
hirty days in advance, in the official paper
If the company, and in one paper published
It Clinton.
7th. The following persons are hereby
IN MI I C,, ,
eceivng subscriptions 70 the stock Of said
orporation Va: Commissioners at Baton
iouge, 7. G. Morgan, S. M. Hart, H. T.
Vaddill A. S. Heron. Eugene Lanoue and {
v. $. Pike. At Clinton, J. H. Muse, H. |
I. Haynes, Henry Marston, CIV. Munday, i
I. B. Smith, VIM. Patterson and NJ. G..
ILLS. The said commissioners shall have I
over to appoint deputies or agents in I
ther places to receive subscriptions.
'hree shall form quorum to do business. 7
he subscriptions shall he closed as soon as {
he amount of Thirty thousand Dollars !
hall have been subscribed, and the com. {
,issoners shall Immediately thereafter
,use this charter, with tine names of the
disorders to be registered in the Office of d
lie Recorder of Mortgages as required by I
wv, ara StdIl CAUSE HOtlCc 10 Oe gwen I
nd an election for Directors held as provid. c
/ for in the 9th Article of the charter Fl
Sth. lmmed ately after the election c
the first Board Of Directors the SUBJ d
.riPtion list shall be opened for term 81
three months at such places as may be
emed advisable by the Board Of Directors "
ID public notice shall be given thereof in 81
published at the place where c,
Id subscription books are opened; and the h