The daily comet. [volume] (Baton Rouge, La.) 1850-1856, 1852-12-02
CHARTER OF THE COMPANY.

C6AHXEA We IhE VUMEANx.
lst The said corporation shall be called
the Baton Rouge and Clinton Plank Road
COMPANY aud its domicile is fixed in the
ely OF Baton Rouge.
Cad. The said corporation is established
for the purpose Of constructing. working,
and mAntainrg pink road from Baton
horge to Cinioa Louisiana, and from thence
h~rat CIR TO be continued 20 Liberty in
Amt. co,inty. State of Mississippi, should
i con1ony be Gorr!e. ~ mite County to
ccYsnct ~ ..ie Sta,e i've.
53. l,s caD. = s.oc'; Of the Company
.ifre4 a. Dae firnoisl thousand y ,.ars,
t.a li-d lntc iour ia J,.so,id snare, al twcn y
ave dollars caca. 4 piyment of tive per
cent % Tie amount Of each snare Shall be
~, 4" w't thirty DAYS after the election
al the hfs' 3oard o. Directors. The suisse
quen. payment siall DC made in such sums
an, at such prriods as shall be fixed by the
Board Of Directors. Provide! That no
call shalt be ,nae, .or a .rcater amount than
ten per Gene at one time, and that sixty
DAYS notice OF each call shall be given, by
publication in one Newspaper published III
Baton Rouge which shall be known TO the
etok holders as tie official paper of the
Company, and in one newspaper published
ri Clinton
4th The said corporation, shall 90 into
operation and be organized, SO soon as
shares Of stock 10 the amount Of Thirty
Thonsaud Dollars shall have been sub
scnhed.
9th. The business OF the corporation shall
be CONDUCTED az its domicil, in the city Of
Baton Rouge by q Board composed of seven
Directors, who shall be stockholders. The
Directors shall elect one OF their body as
President OF the Company, at their first
meeting after their lection. A quroum to
transact business shall Consist OF at least
three members and the President, or any
four mem )ers Of the Board. At all elections
by the stockholders, and at all their meet
ing each share shall be entitled 10 one vote.
Votes may be given in person or by PROXY
Tie President OF the Company is the oiIicc!
de l.nat-l as the one on whom lega! service
OF all process or citation a,ainst the Com
panv may he made. aud tie company agree
to bssbouid, by service OF process or cita-
ton. whether male on the President il
person, OF |, li1u1,ress at the Office Of the
conraay ia the iIAnls Of any of its officers
9Th The FIRST Board OF Directors 8. all
De chosen as soon a, the list OF subscrlp ton
.h,il bc closed This election shall he held
at Baton Rouge undeft the suierintrG1rnce
of the Commissioners hereafter designated
a. Appointed 70 receive subscriptions -
Al sIp cj..at elections shall be held al
Ba'on Rol,e under the superintendent %.
three commissioners appointed from am
on.,t the stockholders by the Board Of Dr.
rcctors l,r the time being Notice OF the
first election Of Directors, shall be given
fifteen days in advance, in at least one ne VS.
paper published in Baton Rouge, and one
published at Clinton. The first Board Of
Directors shall hold Office until the third
Monday OF January, lsji.7#'rhe election
snail be annual, and each subsequent Board
shall be elected on the third Monday of Dec
ember. A failure to elect Directors, shall
not dissolve the corporation, but the Bolrd
in Office snail continue the exercise o. rs
functions until new board can be elected.
All notice Of elections and of meetings Of
Stockholders after the first election above
provided Tor, shall be given by publication
thirty days in al ancc. in the ofh.'ia ~ Der
of the company, AMI in one paper published
at Citation.
7th. Tao following persons are hereby
sppo!a:cI commissioners ior the purpose OF
rsceigin. subscriptions 20 TIE stock oil said
corporitioa. F.: Commissioners al Baton
Rouge, I. 6. Morgan. $. " Hart. ii. +.
Wadlill A. S. Heron Eugene Lanour anil
W. $ iihe. At Clinton. J. IL. Muse II
x. lay 90, iIrory Mlf.top, az. Nundav,
! .. SIN -, I, EI. Paterson AMI NJ. G..
Mills. I'll, said commissioners shall have
power 10 appoint deputies or agents in
o,ncr p'1ees to receive subscriptions.
Three shall f0rna quorum 10 10 business
Inc subscriptions shall be closed as soon as
IA, amount of Thirty THOUSAND Dollars
shaIl have been subscribed. and. the com
ms .o,er. shall Immediately thereafter
cause tnis chJricr, y IN the names Of the
subscribers to be registered in ,ne Office Of
the 7 order o. Mor5ga ,rs a, required by
Law, aud Snail cause notice TO be gwen
and an election for Directors held as prOvid-
eI for in the 9th Article Of the charter
9Th. Immediately after the election
of the first Board OF Directors the sub
scriptipa list shall be opened tor term
Of three months at such places as may be
seemed advisable by the Board OF Directors
and public notice shall be gwen thereof in
newspaper published at the place where
said subscription books are opened and the
bodld Shall nave power to appp!u. agents
for receiving Subscriptions. AZ the end of
said three montH5, if the amount of sub
scrlptions shall exceed the amount of cani-
tai required, meeting of stock holder,
and Subscribers shall he held 10 determine