Southern sentinel. [volume] (Plaquemine, Parish of Iberville [La.]) 1848-1858, 1852-09-18
CHARTER OF THE
GF0sse Tete and Baton Rouge
PLANK ROAD COMPANY,

PLANK ROAD COMPANY.
ME the undersigned, agree to form ourselve
w INTO a Corporation, under the laws of tn
State of Louisiana, as particularly set forth in al
act of the Legislature Of Louisiana, entitled, al
Act for the organization of Corporations Tor work.
of public Improvements and utility" Tor the pur.
pose OF constructing a Plank Road from the Mis-.
slsslppl river, opposite the city of Baton Rouge
and thence along the most eligible route to a cen.
trail point on the Bayou Crosse Tete. the present
proposed terminus: and hereafter to some point or
the Bayou Maringouin, that will be convenient
and advantageous TO the people of said Bayou, to
be by them selected, with d view also to the far
ther extension of said road to Bayou Alabama.
and tor that purpose We have formed the annexed
Charter. and have signed the same, and added to
our signatures a statement of the number of shares
and the amount OF our subscri ptions to said Com
pany.
l. The said Corporation shall be called Tile
Crosse Iele and Baion Rouge Plank Road Compa-
n.y." and its dornicil shall be fixed at lis office on
Bayou Crosse T6le.
?. The said Corporation is established for the
purpose of constructing. working and maintaining
a Plank Road from the Mississippi river, opposite
the city Of Baton Rouge. and thence westward to
the Bayou Crosse Tete, and from thence hereafter
to be continued to Bayous Maringouin and Ala
bama-to Attakapas, if the Company shall deem
it necessary.
3. The Capital of the Company shall be fixed
at 100000, divided into 2400 shares OF 1925 each,
payable S. SO l-3c. per share on the LIST of April,
1853; IS 33 l-3c. per share on the lst of April,
1854; and S. 80 1-3c. per share on the lst of
April, 1855, for which amounts the subscribers
shall give notes, secured by mortgage or endorse
ment, to the satisfaction of the Board of Directors.
For all subscriptions made before the election of
Directors, such subscribers shall, within 80 days
| after a Board of Directors are elected, furnish their
notes as above specified; and for all subsequent
subscriptions, notes shall be given at the time OF
subscribing. and the Commissioners in charge of
the Stock-uooks shall accept the securities.
Any subscriber may pay the whole, or any
amount OF his subscription for stock, in cash, at
the time of subscribing, in which case he shall be
entitled to a deduction of s per cent. per annum
on the amount paid.
4. Said Corporation shall 60 into operation and
organize as soon as shares of Stock to the amount
Of $4,000 shall have been subscribed.
5. The business of the Corporation shall be
conducted at It's domicil on Bayou Crosse Tete, by
a Board composed Of five Directors, who shall be
Stockholders.
The Directors shall elect one of their body as
President of their Company, at their first meeting
after their election. A quorum to do business shall
consist of at least three Directors. At all cleo
tons by the Stockholders, and at all their meet
ings, each share shall be entitled to one vote.
After the first year, all shares of stock must be
owned and possessed by the voter in his own right,
or his principal, if held by proxy, six months be-
fore voted on.
6. The President of the Company is the officer
designated as the one on whom legal service of all
process Or citation against the Company may be
made, and the Company agree to be bound by
service of process or citation, whether made on
the President in person or left to his address at the
office of the Company, in the hands of any of its
officers.
7. The first Board of Directors shall be chosen
as soon as the lists of subscription are closed.
This election shall be held at the time and place
designated by the Commissioner charged with
receiving subscriptions hereinafter designated.
Notice OF this election shall be given by pu5lica-
ton made fifteen days in advance, in a newspaper
published in Baton Rouge.
The first election shall be held under three of
the Commissioners aforesaid; all subsequent cleo
tons under the superintendent of three Commits
sioners TO be appointed from amongst the Stock
holders by the Board of Directors for the time be-
ing. The first Board OF Directors shall hold Office
until the LIST Monday of April, 1858. The cleo
lions shall be annual, and each subsequent Board
shall be elected on the third Monday of March
A failure to elect Directors shall not dissolve the
Corporation, but the Board in office shall continue
the exercise of its functions until a new Board can
be elected. All notices of elections and of meet
ings of Stockholders, after the first election above
provided for, shall be given by publication fifteen
days in advance, in the official paper of the Com
pany.
s. The following persons are hereby appointed
for the purpose OF receiving sub
s%criptions to the Stock OF said Corporation, viz:
Bayou Crosse 1tte and Maringouin-Chas. A.
Slack, Theo. Johnston, VIM. J. Began, DR.. T. S.
Garrett, DR.. G. W. Campbell.
Wes Baton Rouge.-W. B. Robertson, DR.. w.
J. Lyle, J. V. Durable, VIM. r. Stuart, John L.
Lobdell, DR.. T. P. Vaughan.
Hart, w H. Crenshaw, D. D. Avery, and w. D.
Phillips.
The said Commissioner shall have power to
appoint deputies or agents in other places for re-
subscriptions. Three shall form a quorum
to do business.
The lists for subscription shall be closed as soon
as the amount of twenty thousand dollars shall
have been subscribed.
AS soon as the subscription lists shall be closed,
hey shall all be returned 10 the domicil of the
Company, for registry in the Office OF the Record
er of Mortgages Of West Baton Rouge, as required
by law.
9. Immediately after the election of the first
Board of Directors, the subscription lists shall be
opened again for a term of three months, when
ever the said Board of Directors may deem it ad-
and public notice shall be given thereof in
/ newspaper published at the place where said
books are opened, and the Board shall
nave power TO appoint agents for receiving the
At the end of the said three months,
f the amount of the subscription shall exceed the
'apital required, ameeting of the Stockholders and
ubscribers shall be held to determine whether the
shall be increased to the whole amount of
subscription, and if the Capital be not so increased,
hen the number of shares subscribed shall be re-
luced by deductions from the largest subscrip-
ions, so as not to diminish the number of any
while another remains with a larger
lumber of shares.
If there be any deficiency in the amount of
Capital subscribed, the said subscription books
nay be re-opened and closed from lime to time
ill the whole Capital shall have been subscribed.
10. In case of failure on the part Of any sub