The daily comet. [volume] (Baton Rouge, La.) 1850-1856, 1852-09-19

DAVIS notice of each call shall be given, by
notification in one newspaper published In
Baton Rouge which shall be known to the
stockholders as the official paper OF the
Company, and in one newspaper published /
at Clinton. i
4th. The said corporation, shall 60 into
operation and be organized, SO soon as
shares of stock to the amount OF Thirty
Thousand Dollars shall have been SUBJ
scrbed. :,
5th. The business of the corporation shall
be conducted at its domicil, in the city OF
Baton Rouge by 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 election. A quroum to
transact business shall consist OF at least
three members and the President, or any
four members of the Board. At all elections
bv the stockholders, and at all their meet
inss each share shall be entitled to one vote
Votes may be given in person or by proxy
The President of the Company IS the ofhcer
designated as the one on whom lega! service
of all process or citation against the Com
pany may be made, and the company agree
to be bound, by service of process or clta-
| tion. whether made on the President IN
person, OF to his address, at the Office OF the
COMPANY in the hands of any OF its ofilcers:
9th. The first Board of Directors 81 all
he chosen as soon as the list Of subscription
shall be closed. This election shall be held
at Baton Rouge under the superintendent,
of the commissioners hereafter designated
and appointed to receive subserlptlonss-
All subsequent elections shall be heid az :
Baton Rouge under the supreintencance OF
:! three commissioners appointed from am
ongst the stockholders by the Board OF N
rectors for the time being. Notice OF the
first election of Directors, shall be gwen
| fifteen days in advance, in at least one news
paper published in Baton Rouge, and one
published at Clinton. The first Board OF
directors shall hold office until the third
Monday of January, 1854. The election
. shall be annual, and each subsequent Board
shall be elected on the third Monday OF Dec,
ember. A failure to elect Directors, shall
F not dissolve the corporation, but the Board
, | in Office shall continue the exercise OF It's
. functions until a new board can be elected
: All notice of elections and of meetings Of
! stockholders after the first election above
provided for, shall be given by publication
n thirty days in advance, in the official papel
of the company, and in one paper published
d. at Clinton.
1 7th. The following persons are nereoy
4 | appointed commissioners for the purpose o
n receiving subscriptions to the stock OF san
3 CORPORATION Viz: Commissioners at Batol
: Rouge, T. G. Morgan, S. M. Hart II. L
v Waddill, A. S. Heron. Eugene Lanoue am
w. S. Pike. At Clinton, J. H. Muse. II
r H. HAYNES, Henry Marston, CIV. Munday
\ J. B. Smith. VIM. Patterson and NJ. G
+. Mills. The said commissioners shall nav
v power to appoint deputies or agents II
+ other places to receive subscriptions
S Three shall form quorum to DO business
r The subscriptions shall be closed as soon
j. the amount Of Thirty Thousand Dollar
d shall have been subscribed, and the com
v missoners shall Immediately thereatte
IS cause this charter, with tine names OF tn
d subscribers to be registered in the office
k the Recorder of Mortgages as required. b
# law, and shall cause notice to be give
o and an election for Directors held as provld
|. ed for in the 9Th Article Of the charter
9Th. Immediately after the electlo
,e of the first Board of Directors the sui
10 scription list shall be opened for teri
Is of three months at such places as may b
n deemed advisable by the Board of Director
ot and public notice shall be given thereof
A. newspaper published at the place wheI
said subscription books are opened; and Tn
Iboa,d shall have power to appoin. asen
es for receiving subscriptions. At the end {
said three months, if the amount OF sui
te seriptions shall exceed the amount OF cap
tai required, a meeting of stockholde
and subscribers shall be held to determln
"a whether the capital shall be increased
the whole amount of subscription and
the capital be not so increased, then II
number of shares subscribed shall be It
duced from the largest subscription so
o. not to dimish the number of shares OF ar
subscriber, while another remains with
r. larger number of shares. If there be az
of deficieuek in the amount of capital subscrl
et ed. the Sid subscription books may be r.
NJ opened and closed from time to time, uni
he the whole capital shall have been sub Sa5
CHI ed.
n sth In case of failure on the part of al
of subscriber to pay the installments on h
on stock, as required, the Board of Director
sh shall have the option, after thirty da
ny written notice to the defaulter, of torfeltll
i'll the stock, and selling it tor the benefit
O., said stakeholder, or of compelling by 81
se the payment of such enstallment and !
nd stockhoder shall be PERMITTED to vote viii
to in default. >,
Of 10th. All meetings of Stoc kholders call
r Al -,,.>oeo of .pcroos1pu Cr dipoIOIc