Baton-Rouge gazette. [volume] (Baton-Rouge, La.) 1819-1856, 1852-10-16
AToN ROUGE, LOUISIANA, SATURDAY, OCTOBER le, 1852.

The furnishing of material or equlplfiens fol- the
road on such credits as they may deem proper
10 befrbw tohty for and on account bf said fJa,l
In any rtiti hot 10 exteet tell thousahh dollars,
utlkss authorized by vote of two thirds of the
Stockholders not to exceed that sum- and TO mort.
gAse the said road and Ito apputtcnances TO secure
the paynien, Of The same; TO make all contracts
for the purpose Of speedily and ,HfpBufly con-
structing said road, and when said road OF any
part thereof 10 finished, to fix the rate Of tolls for
tht same to make all rules and regulations or by.
laws necessary for the PROPER, safe and regular
tfaiisscion Of the business Of the company but
such rules atd regulations shall be subject 10 re-.
peal, change, amehdthent, or modification, by the
stockholders at their meetings, or by the presi
dent and Directors in The intervals they may
accept donations in land Or money, Of such mate-
rials or labor as may be usef,il to the company; /;
they shall declare sem-annualy the dividends
arising fot the rosd after the payment of all ex-
penses. Said dividends shell be declared and
made payable TO the stockholders during The first
fifteen days of December and June Of each year;
they shall make at least once in each year re-
port In full detail to the stockhodpfe, exhibiting
the expences and profits or revenue Of the road
as well as the cost during the process Of consifuc.
ting the sarne as well as the repairs that may be
made thereof; they shall keep or cause to bu
kept, regular set dfbooks, on which shall be en-.
teEeu III regular OTueE al business or Otnr trans.
actions the rofhpany, which said book shall be
opshed to the inspection the stockholders at the
Office Of the company A stock book shall be
kept aial certificates Of stock shall be issued to
the stockholders and no transfer of stotk shall be
binding on the company until made on Ito stock
book.
10. Hany subscriber for stock shall be taxed
by virtue o. any law or ordinance for ths pay
intent Of bibscription to the company, he shall
have the right OF reducing the number bf his
shares by an amount equal to that of the thk 40
imposed, but this right must be exercised with.
In thirty days frotn the date of the law or onai.
na1re after which term Il shall not be allowed.
Ia. An annal meeting Of the stockholders shall
be held on the first Monday In December TO re.
ceive an annual report Of the past years opera.
tien and business of the company at which
ihll statement of the financial affairs and other |
business of the company shall be submitted by |
the President and Directors for examination by
The stockholders and their agents.
10. AT the expiration Of the chart, or whenever |
the dissolution Of the corporation shall render |
necessary its liquidation three commissioners |
shall be elected b, the stockholders whose duty |
i shall he 10 take possession Of the property Of
The yyulpany, and conduct it's business 10 final |
liquidation on such terms and in such manner, as
shall be detef,htred by q meeting Of the stock
holders regularly convened for that purpose, and |
y al the expiration Of the present charter ma
orty of the Stockholders in number or amount
hall desire to renew the same for a further
erm, the stockholders descentirg from said renew
hall be bound 70 transYer their stock to those
turing the renewal at it's fair value TO be fixed
~ appraisers mutually chosen for that purpose.