The daily comet. [volume] (Baton Rouge, La.) 1850-1856, 1852-09-17
An Act for tho organisation Of Corpor-
atoms for works Of public improve
ment and utility

ment and utility.
SECTION /. Be it enarted By the Senate and
House Of Representatives. Of ne State Of Loui-
siana, IN General Assembly convened, That
from and after the PRONUNCIATION Of this act,
it shall be lawful for any number Of per-
sors, not less than six, on compliance with
the provisions Of this act, to form themselves
into and constitute corporation for the fol-
lowing purposes, to Wit: for the construc
ton, working and maintenance OF any rail
roads. canals, plank roads, bridges, ferries,
and other works Of public improvement,
whether within or without the limits OF
this State; for manufactures Of all kinds.
opening and wor king Of mines, construction
and maintenance 81 docks, foundries, steam
ships or other vehicles for the tfansp ortation
of freight or passengers and generally all
works Of public utility and advantage; pro
vided that no corporation shah engage in
mercantile or agricultural business in gen.
eral. nor in commission, brokerage. stock
jobbing. exchange, or, banking business OF
any kind.
SIC. 2. Be it further endctcd, &C., That
every corporation, which may be establish
ed under and by virtue Of the provisions OF
this act shall have power and authority,
first, to have and to enjoy succession by its
corporate name, for the period expressed in
its act Of Incorporation, not exceeding TWEEN
ty-fve years; second, to contract, sue and
be sued, in the corporate name; third, to
make and use corporate seal; fourth, to
hold, receive, purchase and convey under its
corporate name, property both real and per-
sonal; fifth, to name and appoint such man
ayers. directors and officers as their inter-
ests and conveniences may require sirth,
to make and establish such bylaws for the
proper management and regulation Of the
affairs of the corporation as may be neces-
sary and proper, and not inc0nsistant with
the provisions Of this act. a#ita''
SEC. 3. Be it further e,sueted, &C., That
every charter Of incorporation made under
the authority Of this act, shall contain first,
the name and title Of the corporation, and
the place chosen for its domiciI; second,
description Of the purposes for which it is
established, the nature Of the business to be
carried on, and the designation Of the officer
on whom citation may be served in suits
against the company; third, the amount OF
the capital stock, the number of shares: a.
mount of each share and the time when and
the manner in which payment on stock
subscribed shall be called or made; fourth,
the mode in which the elections ofdirectors
or managers shall be conducted; nth, the
mode Of liquidation at the termination OF
| the charter. 1861 Ys
SEC q. Bet further enacted, &C., That the
charters of all corporations organized under
the terms OF this act, and the originai SUD-
scriptions made for the purpose Of organizing
it sail be recorded in the office Of the re-
corder Of mortgages or other officer exercis-
ing the functions Of recorder Of mortgages
at The place selected for the domicil OF the
corporation and said charter shall be pub
| lished in newspaper Of said place Of DOM