The daily comet. [volume] (Baton Rouge, La.) 1850-1856, 1852-09-19

which shall be known to the Stockholders
as the official paper of the Company, and
in which all advertisements shall appear.
and to do every thing necessary for the
construction, repair, and maintenance OF
the plank road herein before descfibed, with
as MANY tracks as they may deem necess.
ary to determine the line of the road, and
the depots that may be necessary to make
and construct all works whatever Tor the
proper and complete working OF the road
to construct all bridges over manageable and
other streams, and whether the crossing
shall be by bridge or ferry to contract
specially for work, labor or materials to be
furnished to the company, and to agree
whether the whole or any part thereof shall
be payable in the capital stock OF the Com
pany; to appoint a Secretary, Treasurer,
Superintendent, Engineers, and other
officers or servants necessary or proper, for
the faithful performance, of any duty nee
essary to the construction or proper man,
tainance of the said plank road; to make all
contracts for the furnishing of material or
equipments for the road on such credits as
they may deem proper; to borrow money
for and on account of said road in any sum
not to exceed ten thousand dollars, unless
| authorized by vote of two thirds OF the
| stockholders, not to exceed that sum, and 10
mortgage the said road and its appurtenan-
ces to secure the payment OF the same 10
make all contracts for the purpose OF speed,
ly and properly constructing said road, ana
when said road or any part thereof is finish
ed. to fix the rate of tolls for same to make
all rules and regulations or bylaws neces-
sary for the proper, safe and regular trans.
action of the business Of the company; but
such rules and regulations shall be subject
to repeal, change. amendment. or modlflca-
ton. by the stockholders at their meetings
or by the President and Directors in them.
teryals; they may accept donations IN land
or money. or such materials or labor as may
be useful to the company they shall de-
clare semi-annually the dividends arising
from the road after the payment OF all ex-
penses. Said dividends shall be declared
and made payable to the stockholders dur,
ing the first FIFTEEN days of December and
June of each year they shall make at least
once in each year report in full detail te
the stockholders, exhibiting the expences
and profits or revenue of the road as well a:
, the cost during the process of constrQ ctlns
! the same as we'll as the repairs that may bt
+ made thereof; they shall keep or cause t.
| be kept. a regular set of books, on wh.ci
shall be entered in regular order all buslnes
7 or other transactions of the company, whicl
+ said book shall be opened to the inspection
! of the stockholders at the Office of the com
q pany. A stock book shall be kept and Ger
). tiicates of stock shall be issued to tn
1 stockholders, and no transfer of stock shall
}. be binding on the company until made o.
:, its stoekbook.
. IS. If any subscriber for stock shall b
e taxed by virtue OF any law or ordinance 10
n the payment of subscription to the companl
he shall have the right OF reducing tn
!. number This shares by an amount ecu;
S to that of the tax so imposed, but I'M
s right must be exercised within thirty day
: from the date of the law or ordinance ate
+ which term it shall not be allowed.
e 18th An annual meeting of the stockho
II ders shall be held on the first Monday
y December to receive an annual report
n the past years operation and business OF tn
: company at which full statement OF tn
financial affairs and other business OF tn
n company shall be submitted by the Pres
J. dent and Directors for examination by tn
n stockholders and their agents.
re 18th. At the expiration of the charter,
rs whenever the dissolution of the corporate
n shall render necessary its liquidation, thrt
e commissioners shall be elected by the stool
lie holders whose duty it shall be to take pc
is session of the property of the company ar
Of conduct its business to final liquidation
J. such terms and in such manner as shall
l. determined by meeting of the st"chhoide
RS regularly convened for that purpose, ana
re at the expiration of the present charter
to majority of the stockholders IN number
if amount shall desire to renew the same t
lie further term, the stakeholder descentl
E. from said renewal shall be bound to tran
as fer their stock to those during the renew
~ at its fair value, to be fixed by appfalse
a mutually chosen for that purpose