Baton-Rouge gazette. [volume] (Baton-Rouge, La.) 1819-1856, 1852-10-30
! c II AR TER M
81 TONS ROUCsE anil .CLTNT0I
Plank RoSd Company. 93

n Plank K0Sd C0@panys st3
81 We the u;dersignefyagsee to- form ourselyt
Hn,o cornotation. unAer the laws of the State
o,lisiana n particularly set forth In an act en
&tled an e.4ctsfor the orfsazation Of corporations
&,sorks of gutsic fHyfousaGa and mtshty'-- cop
Xof which ,shereinto snilexed, for the purpose
Plank Road from the city of Bato
MRouga in tfa Parish Al East Baton Rouge to III
Etown of nj zion in ths Parish of East Feician;
&and from thi,nee alonk the most eligable route I
&a point thalwill confAct the town OF Liberty
#Amite cou,sty Stale rf Mississippi, and for the
Snurpose weSDaye formed The annexed charter, an
Abave signefthe same :and have added 10 our sig
3nature st;Sement ofyfhe number Of shares an
ythe ameunloL our subscriptions TO sad cotnpa
A. CHSRTER 0ET:HE COMPANY.
,st TheAsaid corpasation shall be called th
baton Rors and CliiSSon Plank Road Company,
/ 8and its doislicile is .xsd in the city OF Bato
aRouge. 80 =. .4ogg
end. Thts said corpr5res ion is established for III
zpurnose of Constructive, working, and maintain
sing planR road troes, satony Rouge TO Cllntol
Louisiana Ind from shence hercaiterto be con
Rtinued TO liberty in Ar4ite county, State OF Miss
gissipal shosld company be formed 9l IN Amt
aCopnty 10 connect a5stte State line.
ed. The s,at,ital stSlSots the Company Is fxe'
/
Hour thousand sharess,s twenty five dollars each
La pavmens of five Ill cent on the amount Q
leach sharex,hall be l1sdo, within thirty days at
tier the election oftls first Board of Directors
EThe SUBSEQUENT pavnJrnt shatl be made IN suci
lsums and at such peEods as shall be liked by IN
board of directors ;frovided "rhat no call shal
.be made FIR a greatfsr amount than ten pereen
lat one tint, and that, sixty days notice OF eacf
'cal shall IL given, by publication IN one news
lnaper published in Eaton Roug which shall b
known TO she stockholders as the official paper 81
!the Compfny and il one newspaper published
lat Clintont
ath. Tti, said corporation shall go into opera.
tion. and te organizad so soon as shares OF STOCK
Ito the amtunt Of 1'hflty thousand Dollars shat
have bee,f subscribed - s'F tfr. 0ES !,
5th. TEss business.of the corporation shall bt
Conducted at lis ,tonicl, in the city OF Bator
Rouge bvsa Board casnposed of seven Directors
|who shais sbe stocklklders. The Directors shall
'eect one Of their bk3y as President ofthe Com.
|pany, al tseir first Neetng after their election
Ia auorutp to transatt business shall consist OF al
least thre5 membere and the President, or any
-four mensers ofthtx Board Al all elections by
|the stockholders, AL at all their meetings each
share sh IL be ertitI1d 10 one vote. Votes may
|be givenan personses by PROXY. lhe President
of the Company is.the officer designated as the
lone on Wsotn legarservice of all process OF cita-
tion agai5st the Cor.pany may be made, and the
to bts,bound by service OF process
OR citatiohw glade en- the President IN per-
son, or ts his adde's at the office OF the compa-
ny in highlands Of ssy its officers.
9Th TIE first BQaid Of Directors shall be cho1
sen as soan as the list Of subscription shall be
closed. lhis election shall be held at Baton
Rouge uEder the slperintendenca OF the commits
sioners ll,reafter designated and appointed to re
ceive ssbscriptiott2-All subsequent elections
shall be sled at Bason Rouge under the supern-
ten,tence:of three commissioners appointed ironf
amongst.the stockholders by the Board OF Direct
ors for tie trne beng. Notice of the first etec-
ton Of directors, sall be given fifteen days IN
advance. in at leaat ohe newspaper published N
Baton Rsuge, and one p.lblished at Clinton. The
first Board of Directors shall hold office until the
fbird Mbnday in .sanuary, 1854. The election
shall be annual at;d each subsequent Board shall
be ELECTED on the. third Monday of December.
A failure TO elect Directors shall not dissolve The
corporetton, but the Board in office shall continue
the exercise ot its functions until new board
can be Elected All notice of elections and of
meetings of Stockholders after the FIRST election
above pr5vided for.sshall be given by publication
thirty 'dsvs in ad snce, in the official paper of
he colnsatss, and l:s one paper published at C'in-
ton.
7th. Thc following persons are hereby appoin-
ted commissioners sor the purpose of receiving
to tISs stock of said corporations
Vis Commissioners at Baton Rouge, I, Gd
MoRGAN, S. NJ HlEv, II, I. WAoptI.L, A. ..
HERsos, EueENr IANotE and w s. PiKs. Al
Clinton. ]. III. eltisE, X. FL. HAYNES, HENRY
G. w. MuNpAy. j. b SMrn, Wm'
PATTERSON and 81. G. MILLS. The SAID eotn7
missiolsars shall lave power TO appoint derules
or agents in othe places to receive subscriptions
Three :haII forfl-a quorum TO do business me-
subscrsntions shall be closed as soon. as the
amonrs of Thirt,s Thousand Dollars shall have
been Subscribed, and the commissioners shall Ifn 1
meda,5ly thereaster cause the charter with the
names of the Subscribers TO be registered IN thel
office OF the RecGiHler of Mortgages as required
by law, and shalt cause notice TO be gwen ana an|
alectios for Directors held as provided Tor IA mel
5th Aiiicle Of thescsarter.
sth. Immediately after the election of the first
BoardSf nireetors the subscription list shall bel
opened for term of three mouths at such places
IS may be deernfd advisable by the Board OF Di-
ectors. and ptibIaactice shall be given thereofln|
Newspaper published at the place where saidI
ubscribton books are opened; and the board!
ha have power 70 appoint agents for receiving!
fthe end of said three months,|
1.-THE smount of subscriptions shall exceed thel
lmount of capital required, q meeting OF stock
,oldeks and subscribers shall be heldto determined
Whether the capital shall be. increased 10 thet
whole amount OF the subscription; and II lheI
apitaf be not SO iacreased, then the number oil
hares subscribed shall be reduced from the larg-E
st subscription 80 as not TO diminish the numbefS
t shares Of any subscriber, while another rel
llains.with les gef number Of shares. II theiio
e any deicienysy in the amount OF capital subj
cribed, the saiy subscription books may be re-
peneti and clossd from time to time, until fhe}
whole capital s;ialiI have been subscribed
9th In case dfsihire on the part OF any suhscfl-
,er To pay the enstalments on his stock as requr-
d, the Board Directors, shall have the option ,1
.ter thirty daTs Written notice to the defaulter,
+ foiseiting tha stsck and selling it for the bene-
it ofssad stockhol1er, or of compelling BY suit
he Payment OF sush enstallments and nc stock
oldsr shall be permitted tovote while default
! 10Th hHmsetaigs of SteckhoEc efs called sforI
ho purpose of sntsteasing or diminishing the cap
tai stock ofthn csmpahy or for any OF the purpo
$ enume meratedsifEfh fifth section Of The, act ef7
he Legislature o. Louisiana entitled ,'.4n dTfcy}
he ofgami7etios f corporations for rorh o. paofsc
ssspavea,em aasa ;siztfq' shalfbe composed otper-
ons holding iii tSeir own right. or as,agents tori
thers al least tltee-fpurfhs of the stock of theE
in ordts to take valid and binding ac-
ot, IN the tlYefaases at all other meetings of 4
and at aiI elections, a majority Of
tocA shall be PRESENTED, and in this latter cass
{ fsnch maiorilyfe moi, present nor represented
he meeting shaS be adjourned for one week
nd the vote of de majority offhe stock present
nd represented II such Adjourned meeting snail
indt compaAy in the same manner, assltl a
lai5rity of all Sc stock Were present and reps'
ssented.
18th. ANY sssancy in the Board Of Direcforss
cepring duTisg1 1he year may be filled by asote
{ tie Board 81 Directors. stel /. Ell
9Th. The p ksident and Directors Of said corr
orstion shall Nave power to make and use
3fran,on seaLss-f, elect newspaper which shall
] Known to shx Stockholders as the official papef
I ttie conapasx and Id which all tadyertissu,ents
lai appear, 81 hi 10 do every, thing necessary fosf
le construcfsoa repair and naaintainance Of the
|ank road hergin before described, WITH as inany