Baton-Rouge gazette. [volume] (Baton-Rouge, La.) 1819-1856, 1852-07-24

RECEIVING SUBSCRIPTIONS HffsAhaA'Vi apsisis's.
sNotiee Of this slsc,icn shall bs given by pnbl'.
cation made fifteen days in advance 10 q nswspa-
per published in Baton Rouge. ..s.
Tho first election shall be held under three
Of the Commissioners sforcsaidj all snbse.
qusDt elections under The superintendercs 81 three
Commissioners TO be appointed from amongst The
stockholders by the board Of Directors for tbs
time being. The first Board Of Directors shall
hold office until the list Monday Of April, 1888.
Tbs elections shall be annual, and each subsequent.
Board shall be elected Oh The third Monday OF
March. A failure 10 elect Directors shall not
dissolve the Corporation, but The Board In Office
shall %eontints the exercise Of liz functions Until
a nesv Board can bs elected. All notices Of slsc.
tons and Of meetings vi stockholders after the
FIRST election above provided FOR, shall be gives
by publication fifteen days In adv snce to The ofh.
cial paper Of The Cempsny.
sth. The following persons are hereby sppojn-
ted Commissioner for The purpose Of receiving
subscriptions 10 The stock Of said Corporation, via;
Bpyo~s G,es,s 7as and Maringodn -Chss. 4.
Slack, Thso. Johnston. Vim. j. began, DR.. 7. y.
Garrett. D.. o. w. Campbell.
Wet Baton RoSge--W. D.. Robertson. Dr.. W.
j. LyIs, J. v. DursId, VIM X. Stuart, John L.
Lobdell, and Dr. I. r. Vaughan.
Baton Rouge C,fy~~Wm. y, Pike, Samuel M.
Hart. w. II Chyenshaw. b. d. Avery, and W.
d. Philippe.
.rsa;u, a..,,,;.. - ,ss,,,. H. atbsr rlsrs. ~, rs.
es,yi inn sulsctiptions--tbree shall foi m q quorum
10 do h,,sisess.
The lists for subscription shall be closed -
soon ~ the amour, Of twenty thousand dollass
shall have been subscribed.
Az soon NJ The subscription list shall he closed
they shall oil be returned to the donnieil II tbs
Company for Registry in ihe ohsce Of The Reeot-
der cf Mortgage Or Eafgu Hetigs n required by
law. 7#9a
OH. Immediately sfier The election Of fhe frsi
Beard of Directors, The subscription lists shah
be opened again for d term ofthree months when.
ever the said Bosrd 81 Directors may deem il sd
vjsabIe aud public notice shall be given thersetin
4 newspaper published nj the place where said
subscription looks are opened, and The Board
shall have power 10 appoint agents for receiving
The subscription. AT The end OF shs sstd tksss
months III the amount Of snbscriptioD shall exceed
the capital required, 4 meeting Of Sfockholdsts
and subscribers shall 10 held to determine whether
the Capital shall be- increased 10 the whole snsant
Of subscription, and " the Capital be net 70 in
creaAsd, then the Buu5bef Of shares sMhsspibsd
shall be reduced by deductions from the larrsst
subscriptions no a. not 10 diminish the samher Of
any subscriber whilst another remains with s1sf~
ger number Of sharss. H.ess.e
ii here be any deficiency In The smeapt 81
capital subscribed, the said subscription beebs
may be re-opened and closed from time 10 time
III the who'e capital shsh nave oeen subsefiDe''
10Th In case OF allure on The part Of any sub
scribsr 10 psy the obligations assumed by bis sHb-
scriptiofl ~ required, The Board OF Directors SASH
have tine optiep after thirty days written notice
TO ths defauiter, OF foffefinE the stock and gel.
ling ~ t1r the bebsflt Of SAID stockh6ldsr. ~ %
compelling w suit, The Judgment OF such INSTALL
ncnt-and no STAKEHOLDER shall be peSsa'stts5 to
vote while IN default.
p nth. All meetings OF Stockholders called for
the purpose Of increasing or diminishing the ga
phal stock Of The Company, o. for any OF fhe
purposes enumerated in the hffh section OF th"
act OF the Legislature Of ! %ouisIana, entitled An
Act for the organizations Of Corporations ier works
oil public Improvement and ntilty,D shall be ssTn-
posed OF peTsor.s holding ~ their own nghts CO -
agents ior others, al least three~'ouFfhs OF tn.
stock Of the Company, IN order 10 make ysit and
binding Their action IN The premises: nj AL esnsr
meetings Of Stockholders, and at oil elections, a
ms)orl'y o. saoes snai' De fepreseh.sa : sna ).
this latter cnss, d such majority be not present
nor represented, lhe mee'ihg snail be aeJeaInsI
for one week, ana 'be Vo'e OF Inc majority ~
stock present ana Represented ~ sneh adtonfhsd
meetihg' snail b'h'i 'he company IN 'he saH'a
manner as u a maJof',y OF al Inc STOCK were
present and represented
l2tn. Any vacancy IN Inc bossa ei directors
occurring dniihg ihe year. may be hiied oy vote
OF the Board OF directors.
18th, The President and Directors Of said Cor
~poration shall have power 10 make and use a
common senf, 10 eIeeta newspaper which .Esi
be known 10 the Stockholders an the Official pa
per ot the Company, and in which all its aslstr-
iisemenis shall appear, and do everything nefes-
sary for the construction, repair, and maintenance
Of the road he reiubcfore described, 10 determine
the line OF the Road, and The depois that may be
necessary 10 make and construct VII works
whatsoever loI the proper construction and ~on~
pletion Of said Road, and 10 purchase sueh slaees
and lands rs may BIZ required for the same 10
construct all bridges over navigabie and other
Streams and canals, and whether said crossing be
by ferry or bridges; to prescribe the width and
beiahth Of said bridges, and the size Of The propef
draws, when over nayigabie streams foy the pas
sage of vessels, to contract r~peeially for work,
labor, or materials 10 be furnished TO the GONNA.
ny, and 10 agree whether the whole OF any fart
thereof shall be payable in the cspitaI stock Of
The Company 10 appoint q Secretary. Treasu-
rer. Superintendent, Engineer, Solicitor. snd other
officers and servants necessary TO the con iruc-
ton and proper maintenance Of the said Plank
Road to make all contracts for the fa finishing Of
the niece ssary equipments and supplies for The
Road on such credits an they NAV deem nroper:
TO borrow money for and on account fsssd Rod
in any sum not 10 exceed ten thousand sdolIars.
unless authorized by a vote Of tyyo-thirds 81
Stockholders. and to mortgage the said Road and
its appurtenances 10 secure the pa, nent of lilo
same. and shall have power 10 pledge or diss,os.
Of ali or any part Of the stock notes 10 make all
the Arrange menis necessary for the apeedy and
proper construction Of said Road; TO purchase with
the funds Of the Company ali The vehicles, teams.
and other Equipments dccmefby them NECESSARY
or useful for the purposes of the COMPANY ard
when said Road hs. been rendered passable for
the public by its grading and the erection Of
bridges, TO fix the rates or Toll thereon, and 10 col.
lect Inc same: TO erect upc1 said Road all such
dwellings and establishments for toll. gatberers as