The daily comet. [volume] (Baton Rouge, La.) 1850-1856, 1852-09-14

Fast Feliciana be requested g paOilsns ~
The following named gentlenes, ven
appointed commissioners to te.open sub.
scijrtion books: At Baton HouG, =. g.
Morgan, S. M. Hart, n. T. Wsd6lL a. 5.
Heron. Eugene lahore aud W@. 8. Pike.
AZ Clinton, =. II Mufe, il. u. Haynes,
Henry Marston. G. w. Munday, ]. B. Smith
VIM. Patterson, and NJ g. Mills. M
The meeting adjourned nHe die.
saa TfiOS. G. MORGAN, Pet.
WIN. S. PIKE, Secretary. Il.
An Act 70, the organisation d Co1pof.
ations for works Of puhlio improve.
ment and utility.
SECTION /. Be 1t enacted By ils Stsoie and
House Of Representatives Of TIE STATE xosi-
from and after the PRONUNCIATION q this act,
It shall be lawful for any number Of per.
sors, not less than six, on comphance with
the provisions Of this act, to form themselves
into and constitute corporation for the fol-
lowing purposes, to wit: for the construc.
ton. working and maintenance q any rail
roads, canals, plank roads, bridges, ferries,
aid other works Of public Improvement.
whether within or without the limits Of
this State; for manufactures ot al kinds.
opening and working Of mines. constfpction
and maintenance Of docks, foupdries, steam.
ships or other vehicles faF the transportation
Of freight or passengers, and keaeyally al
works Of public utility and advantage; pro.
vided that no corporation shall engage in
mercantile or agricultural business in gen.
eral. nor in commission, brokerage. stock
jobbing. exchange, OF banking business Of
any kind. s4s.4. 500.
SIC. 2. Be It further enoeted, &C., That
every corporation, which my be establish.
ed under and by virtue of the provisions OF
this act shall have power and authority,
first, to have and to enjoy succession BY it,
corporate name. for the period expressed in
its act of incorporation. not exceeding TWEEN.
ty-five years; second, to contract, spo and
be sued, in the corporate name; s&ird, to
hold. receive, purchase and convey under its
corporate name, property both real and per-
sonal; ffth, to name and appoint such man.
ayers. directors and officers = their inter.
ests and conveniences may require siztA,
to make and establish such by-laws for the
proper management aud regulation Of the
affairs of the corporation as may Be neces-
sary and proper, and not inconsistant with
the provisions Of this act. n
SEC. 3. Be It further enacted, f., That
every charter Of Incorporation made under
the authority Of this act, shall contain first,
the name aud title Of the corporation, and
the place chosen for its domicil; second,
description OF the purposes for which it Is
established, the ature Of the business to be
carried on. and the designation Of the officer
on whom citation may be served in suits
against the company; third, the amount OF
the capital stock, the Number Of shares. y
mount Of each share aud the time when and
the manner in which payment on stock
subscribed shall be called OF made fourth,
the mode in which the elections Of directors
or managers shallab conducted; fftk, the
mode OF liquidation 1t the termination Of
the charter. s % sga ~aa59. K
SIC. 4. Be-. further enacted, &C., That the
| charters Of al corporations organized under
the terms Of tiis act. and the original sub
| seriptions made for the purpose Of organizing
it sail be recorded in the Office Of the re-
corder of mortgages brother officer exercis-
| ing the functions of recorder Of mortgages
at the place selected for the domicil Of the
corporation; andsaid charter shall be pub
! lished in newspaper Of said place Of DOM
| icil, once week at least, Tor thirty days,
i but it shall not be necessary to publish the
NAMES of the Subscribers, and any Subscriber
NAV present, the said charter and subscrip-
tions for rect I'd with recorder OF mort
| cages as aforesaid. 10 Il ol
SEC. 5. Be It further enactcd. &C., That II
shall be lawful for the stockholders ofany
corporation, at the general meeting conven-
ed for that purpose, t. make any mOdifiea.
tons. additions or changes in their act Of
incorporation. or to dissolve the corporation,
provided such modification. addition, change
or dissolution, shall receive the assent Of
three fourths Of the stock represented at
such meeting and provided further that any
such modification. addition. change or dis.
solution shall be recorded az is required by
tn fourth section ofthis act.
SEC. s. Be i further enacted, &c, That
any corporation established under this act
shall forfeit is charter for insolvency, evil
dencel oy return OF no property fonnd on
execution against, such corporation and that
in such case it shall be the duty Of the dis
trict court, Of the district Of such corpora
/ ton, at the instance OF any creditor, to de.
cree such forfeiture and to appoint com.
missioner for efFecting the liquidation,
whose duty it shall be to convert oil the a..
sets of the company. including any unpaid