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

An Act for the organisation Of Corpor-
atoms for works Of public improve
ment and utility.
SECTION /. Be it enacted By the Senate and
House Of Representatives Of the State Of Loai-
siana, in General assembly comuened, That
from and after the PRONUNCIATION of this act,
it shall be lawful for any number of per-
sons, not less than six, on compliance 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 OF any rail
roads, canals, plank roads, bridges, ferries,
ard other works of public improvement,
whether within or without the limits Of
this State; for manufac Jories Of all kinds,
opening and working Of mines, construction
and maintenance of docks, foundries, steam
ships or other vehicles for the transportation
of freight or passengers, and generally all
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, or banking business Of
any kind. s
SEC. g. Be 1t further enacted, &C., That
every corporation, which may be establish
ed under and by viz .ue of the provisions of
this act shall have power and authority,
first, to have and to enjoy succession by its
corporate name, for the period expressed in
its act of incorporation, not exceeding twen-
ty-five years; second, to contract, sue and
be sued, in the corporate name; third, to
make and use corporate seal; fourth, to
hold, receive, purchase and convey under its
corporate name, property both real and per-
sonal; fifth, to name and appoint such man.
ayers, directors and officers as their inter-
ests and conveniences may require sirth,
to make and establish such bylaws for the
proper management and regulation Of the
affairs of the corporation as may be neees-
sary and proper, and not inconsistent with
the provisions Of this act.
Sec. 8. Be 1t further enacted, &C., That
every charter Of incorporation made under
the authority of this act, shall contain first,
the name and title Of the corporation, and
the place chosen for its domicil; second, a
description of the purposes for which it is
established, the nature 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, a.
mount of each share and the time when and
the manner in which payment on stock
subscribed shall be called or made; fourth,
the mode in which the elections Of directors
or managers shall be conducted; fth, the
mode of liquidation at the termination OF
the charter
SIC. 4. Belt further enaeted, &C., That the
charters of all corporations organized under
the terms of this act, and the original sub
scriptions made for the purpose Of organizing
it snail be recorded in the office of the re-
,, corder of mortgages or other officer exercis-
ing the functions of recorder Of mortgages
at the place selected for the domicil OF the
corporation; and said charter shall be pub
lished in newspaper Of said place Of dorn-