The daily comet. [volume] (Baton Rouge, La.) 1850-1856, 1852-11-30

connect the town Of B5efty in Amte To-
State of Mississippi, and for that purpose
We have formed the annexed charter, and
have signed the same. and have added to
Off signature statement of the humber of
shares and the amount of our subscriptions
to said Company.
CHARTER OF THE COMPANY.
lst. The said corporation shall be called
the Baton Rouge and Clinton Plank Road
Company and its domicile is fixed in the
city of Baton Rouge
end. The said corporation is established
fer the purpose of constructing working,
and maintaining plank road from Baton
Rouge to Clinton Louisiana. and from thence
hereafter to be continued to Liberty in
Amite County, State of Mississippi, should
q company be formed in Amite County to
connect at the State line.
Bird. The capital stock Of the Company
IS fixed at Ore Hundred thousand Dollars,
divided into four thousand shares at twenty
five dollars each. A payment of five per
cent on the amount ofeach share shall be
made, within thirty days after the election
of the first Board of Directors. The SUISSE
quent payment shall be made in sucn sums
and at such periods as shall be fixed by the
Board of Directors. Provided THAT no
call shall be made, for a sreater amount than
ten per cent, at one time. and that sixty
days notice OF each call shall be given, by
publication in one newspaper published in
S4ton Rouge which shall be known to the
stockholders as the official paper of the
Company, and in one newspaper published
a. Clinton.
4th The said corporation, shall 90 into
operation and be organized, so soon as
shares of stock to the amount of Thirty
Thousand Dollars shall have been SUBJ
scrihed.
9Th. The business OF the corporation shall
be conducted at its domicil, in the city of
Baton Rouge by Board composed ofseven
Directors, who shall be ockholders. The
Directors shall elect one OF their body as
President OF the Company, at their first
meeting after their election. A quroum to
transact business shall consist of at least
three members and the President or any
four members of the Board. At all elections
by the stockholders, and at all their meet
ings each share shall be entitled to one vote
Votes may be given in person or by PROXY.
The President of the Company is the officer
designated as the one on whom lega! service
ofall process or citation against the Com
pany may be made, and the company agree
to be bound, by service of process or cita-
tion, whether made on the President in
person, or to his address. at the Office of the
Company in the hands of any of its officers
9Th The first Board of Directors 81 all
be chosen as soon as the list of subscription
shall be closed. This election shall be held
at Baton Rouge under the superintendent
of the commissioners hereafter designated
and appointed to receive subscriptions
All subsequent elections shall be held at
Baton Rouge under the superintendent of
three commissioners appointed from am
rectors for the time being. Notice of the
first election of Directors, shall be given
fifteen days in advance. in at least one news
paper published in. Baton Rouge, and one
published atsClinton The first Board of
Directors shall hold office until the third
Monday o. January, 1854. The election
shall be annual, and each subsequent Board
shall be elected on the third Monday of Dec
embcr. 4 failure to elect Directors, shall
not dissolve the corporation, but the Board
in Office shall continue the exercise of its
functions until new board can be elected
All notice of elections and of meetings of
stockholders after the first election above
provided for, shall be given by publication
thirty days in advance, in the official paper
OF the company, and in one paper published
at Clinton.
It'll. The following persons are hereby
IN fad for ba &c
receiving subscriptions to the stock of said
corporation. Va: Commissioners at Baton
Rouge, r. G. Morgan. s. NJ. Hart. H. L.
Waddill, A. S. Heron. Eugene Lanoue and
w. S. Pike. At Clinton, J II. Muse II. +
II. Haynes, Henry Marston, CIV Munday, /
] 5. Smith, VIM. Patterson and NJ G. |
Mills. The said commissioners shall have /
power to appoint deputies or agents in
other places to receive Subscriptions
Three shall form quorum TO do business
The subscriptions shall Re closed as soon as
ne aulount Of Thirty Thou5an,. Dollars .
snail have been subscribed. and the COM
rnisson'rs shall irmcdiatelys thereafter
ra.se this charter, with the names Of the
subscribers to be registered in the office OF
the Recorder of Mortgages as required by
law, and shall cause notice to De given
and an election for Directors held as provId-
ed for in the 9th ArticN of the charter.
Sth. Immediately after the election
of the first Board of Directors the sub
scription list shall be opened tor term
Of three months at such places as may b.,
seemed advisable by the Board of Directors
,nd public notice shall be given thereof in
, newspaper published at the place where
aid subscription books are opened; and the