The daily comet. [volume] (Baton Rouge, La.) 1850-1856, 1852-12-03
CHARTER or THE COMPANY.

la'. The said corporation shall be called
the "Baton Rouge aud Clinton Plank Road
Company" aud ia lomicle ~ fixed in The
city OF Baton Rouge.
2nd The seii corporation ~ established
for tho purpose Of constructing. working,
and m nlpu,ug plank road from Baton
Rouge TO Clinton Louisiana ana from thence
hereafter to he continued 10 Liberty in
Aute County, state Of Mississippi, should
company b. formed in An,tc County 10
connecl NJ the State line.
3td The capital stock of the Company
IN fixed nj One llun1fed Thousand Dollars,
divided into four thousand shares at twenty
five dollars each. A payment Of five per
cent on the amount Of each share shall be
ma IL. within thirty days after the election
Of the frat Board Of Directors. The suisse
qncne payment ahall be made in such Sums
md at such periods IA shall be fixed by the
Board of Directors. Provided, THAT 10
call shall be made. iora ,reetsr amour, than
ten per cent a. one time, and that sixty
davp notice of each call shall besgiven, by
publication IN one newspaper published ~
Baton Rouge which shall he known to the
stockholders NJ the official paper Of the
co,npanv, and in QUO newspaper published
al Clinton.
A.. The said corporation, shall 20 into
operation and be organized, so soon ms
shares Of stock 10 the amount Of Thirty
Tnousand Dollars shall have been sub.
sc,,hel.
5b. The business OF The corporation shall
b. conducted at lts dornici, IN the city Of
Baton Rouge by Board composed Of seven
Ill i..ff
Directors shall elect ono Of their body n.
President OF the Company, at their first
meeting after their election. A qu.on,n to
transact hn7incss shall consist Of Mt least
thrcc members and the President, or any
four ,ncmbcrs the Board At all elections
by the s'uch holders, and nj all their mrQ;.
,ngs each shn,e shall be cntited 10 one vo.~
Votes may he given IN person ~ by pror3
Tho President ol the Company r. the officer
designated a, the one on WHOM lcga! service
OF all process ~ citation against the Com.
pany my be- made, and the company agree
10 DO bpuni, by srfviec of process or ciia-
ton, whether made on the Prraidcut IN
person, or 10 hin address, At the office Of The
con- pany in tho 80 Of any 81 is ofli,er1
9Th The dfst Uoprd OF Director. ri all
b. chosen ~ anon IA the lat Of snbecriptiop
shall br closed. This election shall 10 hold
a. 3ston Rougsnnder the superintendent
OF The colnni.sioners hereafter designated
AMI appointed 10 receive subactipIi"ns---
All subsequent elections shall bc held a,
Ba'on Rouge under the .uperin'cndancc OF
three commissioners appointed from atm
ongst the stock holders by 'he Board Of Di-
rcctors for the time being. Notice of the
first election Of Directors, shall be gwen
fifteen DAYS IN advance, IN al least one ne Wa
paper published in Baton Rouge, anI ono
pablishcd at Clinton. The FIRST Board OF
Directors shall hold Office until the third
Monday Of January, ISL. Thc election
shall be annual, and each s'ibscQncnt Board
shall be elected IN The third Monday of Dec
embcr. A failure to elect Directors, shall
not dissove the corporation, but the Board
in Office shall continue the exercise of its
functions until new board can be elected
a notice OF elections and Of meetings of
stockholders after the Gtst election above
provided for, shall he gwen by publication
thirty days in advance, IN the oi,'ial paper
OF the company, and in one paper published
at Clinton.
7th. The following persons arc hereby
receiving subscriptions TO the stock Of said
corporation Fis: Commissioners at Baton
Rousc. T. g. Morgan. $. NJ. Hart, II. 7. ,
Wadiil, A. S. Heron Eugene Lancuc and
w. =. Pike. At Clinton, ! H. Muse, II !
II. Haynes, Horny Marsion, W. Munday, |
J 3 Smith, Vim. Patterson AMI NJ G.. |
Mills. The sad commissioners shall have
po"er 10 appoint deputies or agents in
other places to receive subscriptions.
Three SHALL form u quorum 10 do business. |
The subscriptions shall be closed as soon as
the amount of Thirty Thousand Dollars
shall have been subscribed. and the com /
miucncrs shall Immediately thereafter
cause hAcharicr, with the names of the I
to be registered in The Office of
The Recorder Of Mortgages as required by
law, aud shall cause notice TO be given I
and an election for Directors held rs provd- /
E for in the 9Th Article Of the charter.
Slh. Immediately after the election
Of the first Bo,rd OF Directors the sub
list shall be opened for term
Of three months at such places az may be
seemed advisable by the Board of Directors
ana public notice snail be gwen thereof in
a newspaper published at the place where
paid subscription books are opened and the
board shall have power to appon. agents
for receiving subscriptions At the enI Of
said three months, IT the amount of sub.
scriptions shall exceed III. amount of cam.
tai required, meeting of stock holders
and subscribers shall bc held 10 determine
whether the capital shall BE- increased TO
Tho whole amount Of subscription and #