Baton-Rouge gazette. [volume] (Baton-Rouge, La.) 1819-1856, 1852-07-10
CHARTER OF THE
CROSSE TETE AND BATON ROUGE
PLANK ROAD COMPANY.

We the undersigned, agree to form ourselve,
into a Corporation, under The laws Of the State
OF Louisiana. as particularly set forth In an act
OF the Legislature of Louisiana entitled an aAct
ior the organization Of Corporations tor works
OF public improvements and u,iIity.D for the pur.
pose of constructing d Plank Road from The Mis-.
slssippl river, opposite the city Of Baton Rouge
and thence along the mast eligahle route To d ren.
aral point on the Bayou Crosse Tkte. The pre- SEN
proposed terminus; and hereafter TO some poin,
on the bayou Maringouin that will be eenyenien,
and advantageous to the people OF said bayou. Il
be by them selected, with a view also to The far.
Their extension Of said road to bayou Alabama
and for hat purpose we have formed the annexed
Charter, and have signed the same and added "a
our signatures a staterasn of The number oil
shares and the amount Of our subscriptions to said
Company.
LIST. The said Corporation shall be called .tTmr
CROSSE TETE AND Baron RousE PLANK Roam
CoMrAsY,5 and It's domicil shall be fixed al lis
Office on bayou Crosse Iete.
81. The said Corporation is established for the
purpose Of constructing, working and maintain.
ing Q Plank Road from the Mississippi riveroppo-
site the city OF Baton Rouge and thence west
ward 10 the bayou Crosse Iate, and from thence
hereafter 10 be continued to bayous Marineouin
and A~labana-to Atakapas il the Company shall
! deem 1t necessary.
! Sd. The Capital Of the Company shall be fixed
ut $50 600, divided into 1900 shares Of s25 90
q ach, payable So 33tc per share OH the 1st a
a ,aril. 1853 50 334c per share on the 1st 81
Afn-il, 1854, and IS 33ic per share on the LIST oil
Anias 1855, TOR which amounts the subscribers
shall 1--we notes secured by mortgage or endorses
ment To- the satisfaction Of the Board of Directors.
For all subscriptions made be ore the election
az Direc.to rs, such subscribers shall within 80 DAYS
after d Bo.srd Of Directors are elected. furnish
their notes as above specified. and for all suisse
ouent subscril ations, notes shall be given at the
time of subscr.; hing and the commissioners ia
charge Of the St.ack-books shall accept the secu-
rites.
Any subscriber rnay pay The whole, or any
amount OF his $ subscription for stock in cash atfhe
time of subscribing, in which case he shall he
entitled to d deduction of 8 per cent per annum
on the amount Sc paid.
4th. Said Corporation shall so into operation
and organize SO slcn as shares Of Stock to the
amount Of $50 000 shall have been subscribed.
5ih. The business of the Corporation shall be
conducted 1t its domiciI on baysn Crosse 1ete BY
i Board composed Of five Directors, who shall be
stockholders.
The Directors shall elect one of their body as
Pres dent Of the Company ct their first meeting
sitter their election. n quorum TO do business
shall consist Of at least three Directors. AT aI
elections by the Stockholders and all their meet
inss, each share shall be entitled 70 one vote.
Alter the first year all shares Of stock must BE-
owned and possessed by the voter in bis own night,
or his principal If held BY proxy six raonths be-
fore voted on.
9Th. The President Of the Company is the Off
cer designated az the one on whom legal service
Of an process or citation against the Company
may BIZ made, and the Company agree To be
bound BY service Of process Or citation. whether
made 81 The President ia person ~ left 70 bis ad~
drsss It III of6cs of " companyia he bands
w ny " IL oticsru.