Baton-Rouge gazette. [volume] (Baton-Rouge, La.) 1819-1856, 1852-10-02
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BATON ROUGE and CLINTON
Plank Road Company.

OA ION NC or Ii uUu 1b1N oa'
Plank Road Company.
We the undersigned agree to form ourselvsi
Into corporation, under the laws of the state Q
Louisiana. al particularly set forth in ah att M emil
tied an "saf for The orgaatsafton " totfsfasls4
,cosks Of pubi,t Improvement ard tttftfg haA
Of which /, hereinio annexed, fbf the purlRkne
constructing a Plank Road fret, the city oisBdtor
Rouge In the Parish of East Baton Rouge sAtb iht
tcwn Of Clinton, In the Parish Of East Feliafaiia
and from thence along the most eligabla fotlteatf
pnint that will connect the town OF l..beftxssI
Ati,ite county. State Of Mississippi, and for thAl
puti,cse we have formed the anne esad charter. ant
have signed the same and have added TO our zig.
nature a Statement ot the number OF shares and
the amount VI our subscriptions 10 said Cotnpas
CHARTER OF fHE COMPANY.
!. lit The said corporation shall be called the
bat5n Rouge and Clinton Plank Road Company
anj<i domicile s fxed In The city Of Baton
Rouge !,
adl, The said corporation Ia established for The
purpose of constructing, working, and maintain.
Ing plank road IRON Baton Rouge to Clinton
Louisiana, and from thence hereafter TO be con.
tnuad to Liberty lii Amite county, State oi Miss
issitai. should company be formed In Amite
CauYty 10 connect at the State line
sf The capital stock OF the Cainpahy is fixed
at One Hundred Thousand Dollars, divided INTO
four :thousand shares at twenty FIVE dollars each.
A payment Of Ave per cent OH the amount OF
each! share shall be made, within thirty days at
ter the election Of the first Board OF Directors.
The subsequent pay men, shall be made II such
suna and at such periods as shall DC iSed " ,he
IloaEi of Dfertoss Provided What no call shall
be nlade, for gfeatef amount than ten per cent
at oile time, and shat sixty days notice Of each
call ss,al be given, BY publication In one news
pepes published in Baton Roug which shall be
known 10 the stockholders as the official paper Of
the Company, and in ene newspaper published
Of Chnton.
4tE The said corporation shall 60 into opera
tlon ;and be efgahgdl, so soon az shares OF stock
10 ths amount Of Thirty Thousand Dollars shall
have:heen subscribed,
9th The business of the corporation shall be
conducted at Ito somieil, in the city OF Baton
Rouge BY Beard composed Of seven Directors,
who phall be stockholders. The Directors shall
sec, lone Of their boas as President otthe Com
pansi at their first meeting after their election,
A quorum TO transar, business shall consist Of at
least ihree members and the President Or any
four faembefs ofthe Beard. Al ill elections by
the stockholders and d, all their meetings each
share: shall be entitled TO one vote. Votes may
be given in person or by rrutp The President
of th,: Company In the officer designated as the
one Oh whom legal service OF all process of citas
tion sssgainst the Company may BIT thate, and the
company agree to- be bound, by service OF process
or citation whether made on The President IN per-
son IL 10 his address at the Office OF the eoinpa-
ny insthe hands OF any OF its officers.
9Th, The first Beard Of Directors shall be cho.
sen All soon as the list OF subscription shall be
closed. This election shall be held at Baton
kougs under he superintendence OF the commits
sione;s hereafter designated aud appointed to re-
eeive subseribtion.---All subsequent elections
shall be held a1 Baton Rougaundef the snpefin-
tcntence OF three commissioners appointed from
asaensst the stockholders by the Board of Direct
ors ieS the tine being, Notice oi the first eee-
ton oy Drectefs, shall be given fifteen days in
advalsce, Ia at least one newspaper published In
Baton: Rouge, and t:ae pablished al Clinton. The
ksst i:oard OF Directors shall hold office until the
third :Niontfay In January iso4, The election
shall s,c annual, sus each subsequent Board shall
be cl,.eted OH ahc ,ahird Monday Of December
failsre 10 elect Mfceters, stall not dissolve the
but thss neasa In office shall continue
the exercise u Its functions until new board
can bs elected All notice of elections and OF
,neetisgs OF stockholders after the FIRST election
above'provided for, shall be given by publication
thil.ys days in advance, in the official paper of
he company, and ii. one paper published at Clln-
ton.
eth The following persons are hereby appoin.
ted commissioners flor thu purpose OF re.eivihs
to The stock Of said corporation.
ffs: commissioners at Baton Rouge, 7. 9.
MsRos,N, S. NJ. HART, H, T, WApptLs, A. $,
HrRss,s, EueKSK LsNour and w. 5. PikE. AT
Chnte5l, j. Hi Musg, II. H. HAYNES, HENRy
MAss:os, g. ". MURRAY, J. b SMITH, VIM.
pArrnssos aud vi. G. Mil.ts. The said COM
shah have power to appoint deputies
or agents in other places 10 receive subscriptions
Three shall form quorum 10 do business lhe
shall be closed as s5on as the
amount OF Thirty Thousand Dollars shall have
BEEN Subscribed, and The Commissioners shall im-
mediasely thereafter cause the charter with the
names OF the subscribers 10 be registered in the
office of the Recorder of Mortgages as required
BY law, and shalt cause notice to be given and an
election for Directors held as provided for In the
9Th Article of the charter.
sth. 1mmediat, " after the election OF the first
Board Of Directors the subscription list shall be
opened for term OF three months ut such places
as may be deemed advisable by the Board OF Dl-
rectors and public notice shall be given thereofin
a Newspaper publskedat thu place where said
books are opened; and the board
shall have power to appoint agents for receiving
AT the end of said three months,
Il the amount Of subscriptions shall exceed the
amount OF capital required, a meeting of stock
holders and subscribers Shall be held 10 determine
whether the capital shall be increased 10 the
whole amount Of the subscription; and il the
capital be not SO ncseased, then the iiuinber of
shares subscribed shall be reduced from the larg-
.st subscription so as not to diminish the number
II shares OF any Subscriber, while another re-
mains with larger number Of shares. II their
De any deficiency in The amount Of capital sub.
Ieribed, the said Subscription books may be res
y, rfnf
whole capital shall have been subscribed.
9th. In case oftailare on the part ofany subscr-
Def to pay the enstalments on his stock as feauir-
ID the Board of Dirgctors, shall have the option,
lsfer thirty days written notice 10 the delaulter
If foreitlng the stock, and selling it for the bene
1t of said stockholdgT, or of compelling by suit
be payment oil such enstallment and no stock-
rolder shall be permitted to vote while in default
10th. All meetings Of Stockholders called for
he purpose OF increasing or diminishing the cap
tai stock of the company or iof any OF the purposs
IS enumerated in the fifth section Of the act OF
he Legislature of Louisiana entitled a.aH act for
he orga;,isatson IF corporations for irork lpaoic
m,prosasenf and nfilau, shalib composed of per-
ons holsing ia their own right, or as agents for
,ihers al least three-fourths of the stock of the
in order to take valid and binding ac-
ion in the premises, at all other meetings Of
iockhosders, and al ail elections, majority Of
tock shall be represented aud in this latter case,
fsuch raajority be not present nor represented
he meeting shall BE-. adjourned for one week, |
md the vote Of the majority of the stock present
md represented at sugh adjourned meeting shall |
ind the company IN .the same manner. as if a |
majority of all the steck were present and rep
esented
1lth.i Any vacsncy IN the Board of Directors,
occurring during the YEAR may be filled BY vote |
f the Board of Directors.
18th. The Presidest and Directors Of said cor
orasion shall have power to rake and use
eanrnon seal--to elelt newspaper, which shall
Z kioun to the Stock kholders as the official paper
the con1panys and ii which ail advertisements I
hall appear, and 10 do every thing necessary for /
be construction, repair, and mainiainsnce Of the