Baton-Rouge gazette. [volume] (Baton-Rouge, La.) 1819-1856, 1852-10-23
'ATos ROUGE LOUISIANA, SATURDAY, OCTOBER -, 1852.

the furnishing Of material 81 equipments for the
road on such credits as they may deem proper;
to borrow money for and on account 0f said road
| in any snni not to exceed ten Thousand dollars,
unless authorized by vote Of two thirds Of the
stockhcders. not 10 exceed that sum, and to mort
gage the said road md sappurtenances to secure
| the payment ofthe same; 10 make an contracts
for the purpose Of speedily and properly COM
strncfihg said rond, and when saitf road or any
part thereof is finished to x the rate Of tolls for
the same to make all rules and regulations or by
Islaws necessary for the proper, safe and regular
transaction Of the business Of the company; but
such rules and regulations shall be subject to re-
peal, Change, amendment, or modification, by the
stockholders at their meetings, or By the Presi
dent and Directors in the intervals; they may
| accept donations in land or money, or such mate
rails or labor as may be pseful TO the company
they shall declare semisannhally the dividends
arising from the road ai,erthe payment Of all ex-
penses. Said dividends shall be declared and
made payable TO the stockholders during the first
fifteen days Of December and June of each year,
they shpll make at least once In each year d re-
port in Full detail to the stockholders, exhibiting
the expences and profits or revenue of the road
az well as the cost during the process Of fconstfuc-
ting the same as well as the repairs that may be
made thereuf they shall keep or cause TO be
kept, regular set books, on which shall be en-.
tered in regular order all business or other trans.
actions cfthe company, which said book shall be
opened TO the inspection ofthe stockholders at the
office Of the company. A stock book shall be
Kept ami certificates Of stock shall be issued to
the stockholders and no transfer of stock shall be
binding On the company until made on its stock
book.
13. Ifany subscriber for stock shall be taxed
by virtue OF any law or ordinance for the pay
.nent Of subscription to the company, he shall
have the right of reducing the number Of his
shares by an amount equal TO that OF the tax so
imposed, but this right must be exercised with
in thirty days ffom the date of the law or ordi.
nance after which term it shall not be allowed.
I 14A An annual meeting Of the stockholders shall
be held on the first Monday in December to re-
seive an annual report of the past years opera.
kion and business of the company at which a
hll statement of the financial affairs and other
Iusiness Of the company shall be submitted by
e1e President and Directors for examination by
ME stockholders and their agents.
j. Is. Al the expiration of the chart, or whenever
lie dissolution of the corporation shall render
.scessary Its liquidation, three commissioners
/, all be elected BY the stockholders whose duty
i shall be to take possession Of the property Of
y b company, ,and conduct its business to final |
y nidation on such terms and in such manner, as |
h tll be determined by meeting of the stock
y ldets regularly convened for that purpose, and |
i lat the expiration of the present charter ma
e Ity Of the stockholders In number or amount |
j. III desire to renew the same for further I
e In, the stockholdersdesceHting from said renew
is be bound to transfer their stock to those
: ling the renewal at itsfair value, to be fixed
i appraisers mutually chosen for that purpose.