The daily comet. [volume] (Baton Rouge, La.) 1850-1856, 1852-12-09

We have formed the annexed charter and
have signed the same, and have addei to
or signature statement of the humber Of
shares and the amount of our subscriptions
to said Company.
CHARTER OF THE COMPANY.
ist The said corporation shall be called
The "Baton Rouge and Clinton Plank Road
Compapy.r and its donicile is fixed in the
city Of Baton Rouge.
2ni. The eaii corporation is established
for the purpose CT construs inc, working,
eri III ,ntairing r'ank ro1l froa Baton
Rougs 70 Clinton louisiana. and from thence
hereafter 10 be continued 70 Liberty in
Anitc Colnsy, State Of Mississippi, should
a company be formed IN Annie County to
eornect al tho State line.
3rl. The capital stock IF the Ccmrany
- fixel at Ga, Hundred Thousand Dollars.
divided into four thousand shares at twcu'v.
five dollars each. A payment OF five per
cen, on the Amount of each share shall he
male, within thirty days after the electi1n
of the first Bosrl Of Directors. The sub9e-
auant payment shall be ma.lc in such Gums
nni at sucl, periods as shall be fixed by the
Board Of Directors. Provided That no
call shall be made. for reaief crnolmt than
ten per cent. at one time. and that sixty
DAYS notice Of each cali shall be GIVEN. by
publication in one newspaper published II
Baton Rouge which shall be known TO the
stockholders rs the official paper Of the
Company, and In one newspaper published
ct Clinton.
4th. The sail corporation, shall 60 into
operation anI be organized, so soon as
shares Of stocl, to the amount Of Thirty
thousand Doliak shall have been sub
scribcd.
ji. The business OF the corporation shall
b, con lictc3 at its doinlcil, in the city of
Baton Rouge By Board composed of seven
Directors. who shall be stockholders. The
Directors shall elect one of their body az
President of the Company, at their first
,nee.in. after their election. A quroum t.
transact business shall consist of at least
three nsmhors and the President, or any
folr members of the Board. AL all election.
BY the stockholders, and n all theifineei-
mrs cash share shall be entitled to one VOTE
Votes may be given in person or by prom
The President ni the Company is the officer
de-. snated as the one IN whom lega! service
Ct all process or citation nEAlnst the Com.
p1ny my Re male. and tic company agree
TO be boAnd, by service Of process or cita-
ton. whether m,ia on the President ~
person. or 10 his address at the Office of the
con: ,an7' in inc hands OF any III Is officers.
6tn The tlret D0,rt e Directors S al
b. chosen as coon rs ths i'st q: sutscrirli9
shall he clio Il. This election shall be held
at Bason Rouge untar the ripatiateI]rnc,
Of IL, commissioner; hereafter degrnaieI
nni a91r:utei 20 receive snbscriptions.--
Al sllbsequent elections shall be held at
Ea'oa Ron. = uoitI tne ,tpe'in'aniance Of
th,pe commissioners appointed from am
on.st IL, stock holders by the poarl 81 D.
r.ctafs tor the tire being. Notice oil the
FIRST election of Directors, shal be g,ven
fifteen days in advance. in at least one news
paper published in Daton Rouge, and one
published at Clinton. The frat Board of
directors shall hold Office until the third
Monday Of January, 1854. The election
shall be annual, and each subsequent Board
shah b. elected on the third Monday Of Dec
ember. A failure to elect Directors, shall
not dissolve the corporation, bu the Board
~ Office shall continue the exercise of its
functions until a new board can be elected
All notice Of elections aud of meetings of
sto.kh 1lors after the first election above
rr,vi'ri Cor, shall be given by publication
thirty days in advance, in the ofial paper
Of the company, and in one paper published
N Gluten.
7th 'I'he following persons are hereby
apr i6'@i cnma,i-snners fcrlhs quirose d
Receiving subscriptions 10 the stock oil said
corporation. Tis: Commissioners at Batca
''81ta. T. G. Morgan, 8. VI. Hart, II. T.
WsAjii, 4. s. Heron. Eugene Lanoue and
". 5. Pike. At Clinton. ] II Muse, H.
II. Haynes, Henry Ma-,too. c. W. Munday,
J y. Smith, Wa. Patterson and NJ G..
Mills The sail commissioners pba, have
power to appoint deputies or assnts in
other Places to receive subscriptions
Three shall form quorum TO do business.
The subscriptions shall be closed IS ron as
tho amount Of Thirty Thousand Dollars
.ha, have been subscribed, and the COM
rnl9soners shall Immediately thereafter
cau1e this charter, with the names of the
subscribers to be registered in the Office of
? ,.fI l.,