The daily comet. [volume] (Baton Rouge, La.) 1850-1856, 1852-10-20

stru:sin.a P.aax RIAL from the city Of
B,tol Rug. in the Parish Of East Baton
R,,se. to tn. town Of Clinton. in the Parish
Of F. ut Feiiciara, ani from thence along
tn. most eliga,le roat to point that will
connect tn. town OF Liberty in Amite o.,
State Of Nj .sissippi, and for that purpose
We have f,r.n.l the annexed charter, and
have signed the same. and have added to
our sign ,tnre statement of the fum'er OF
shares AMI 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 r rad
Con3,,y." and its i Mnicilc is fixed in the
the city Of Baton Rouge.
2ni. The said corporation is established
for the purpose Of constructing. working,
and m ntaining plank road from Baton
Rous. to Clinton Louisiana. and from thence
hereafter to he continued TO Liberty in
Amite County, State Of Mississippi. should
a como,1y be formed in Amite County to
connect a: the State line.
3r,l. ras capital stock Of the Company
is fixed al One Hundred Thousand Dollars,
divil Il into four thou .and shares at twenty.
1--WE 4 ,lars each. A pigment Of five pei
cent on the a'npunt Of each share shall be
mn le. wit in thirty days after the election
Of the first B,arI Of Directors. The subse.
o,,ent payment shall be male in such sums
an l at such periods as shall be fixed by the
Bard Of Directors. Provided That no
call shall be male, for a reater 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
Baton Rouge which shall be known 10 the
sto: kholders as the official paper Of the
Company and in one newspaper published
at Clinton.
4th. The said corporation, shall 30 into
operation and be organized. SO soon as
shares Of Ock to the amount OF Thirty
Thou AMI Dollars shall! have been sub
scrheI.
9Th. The business Of the corporation shall
BE- conil-tel at its donicil, in the city OF
Baton Rouge by a BJani composed Of seven
Direc 'ors. who shall be stockholders. The
Dire :tors shall elect one Of their body as
President Of the Company, at their first
mee.in, after their election. A quroum to
transact business shall consist OF at least
three members and the President, or any
fur mem ',ers ofthe Board. At all e ecttOns
BY the stockholders. and At all their meet-
in . each share shall! be entitled to one vote.
Votes may be given in person or bv prdrJ.
The President OF the Compeny is the Uffi:er
designated a, the one on whom lega! service
OF all process or citation q ,sln|t the Con-.
pany may be male. and the eonpaov agree
20 be hmnd. by service of process or cita-
tion. whether mlls on the President in
person. or to his a idress. at the olh:e Of the
con: ,aay in the hands OF any Of its Officers.
9Th The first Board Of Directors 5. al!
be chosen as soon as the list OF subscription
shall he closed. This election shall be held
ut Blton Rouge under the suprensen iance
OF the commissioners hereafter designated
m appointed to receive subscriptions
All su,seluent elections shall he held at
Da on Rouge under the 'uprelntenia1cs OF
thee c,m nissioners appointed from am
o.,sst the stockh holders by the Bard Of Dr.
rectors TT the time being. N"'ice Of the
first election Of Directors, shall he given
fifteen days in advance, in at least one news
paper published in Baton Rouge, and one
published at Clinton. The first Boar'l Of
directors shall held office until the thi.d
Monday OF January, 1854. The election
shall be annual. and each >u>seqnent Boarl
shall b. elected on the thir! Monday of Dec
cmber 4 failure to eject Directors. shall
not dissolve the corporation, but the Board
in Office shall continue the exercise u its
functions until new board can he elected.
All notice of elections anl of meetings Of
stockholders after the first election above
provided for. shall be given by publication
thirty days in advance, in The offi'ial paper
OF the Company, AMI in one paper published
At Clinton. ......
7th. the f,llowin. persons are hereby
appointed commissioners for the purpose Of
receiving subscriptions 10 the stock Of said
corporation. V;=: Commissioners at Baton
Rouge. +. e. Morgan. s. NJ. Hart. Ii I.
Wadlil!. A. S. Heron Er-ene Lanoue and
w. S Pike At Clinton. J. II. Muse. II.
II Haynes. Hurry Mafsten. CIV. Mundav,
] B. Smith. WIN. Patterson anil ". g.
Mills. The sail commissioners slfa'l nave
power to appoint deputies or agents in
other places to receive ser'ptions.--
Three shall form quorum to do business,
The subscriptions shall be closet as soon az
the amount of Thirty Thousand Dollars
shall have been subscribed and the corr
missoners shall imuscdia:eIy thereafter
cause this charter, with the names of the
subscribers to be registered in the office Of
<ha 70 ..,rdor nf NOrtva ,eS A, reIilIired DY