The daily comet. [volume] (Baton Rouge, La.) 1850-1856, 1852-11-26
CHARTER OF THE COMPANY.

10 said Company.
CHARTER OF THE COMPANY.
ist The said corporation shall be called
The Baton Rouge and Clinton Plank Road
Company" and Its domicilc is fixed in the
city Of Baton Rouge.
md The said corporation is established
for tho purpose Of constructing, working
aud maintaining plank road from Baton
Rouge TO Clinton Louisiana, and from thence
hereafter TO be continued TO Liberty in
Amite Couaty, State Of Mississippi, should
4 coGpany be formed in Amitc County to
connect at the State line.
Bad. The capital stock of the Company
S fixed at One Hundred Thousand Dollars,
divided into four thousand shares at twenty
five dollars each. A payment of five per
cont Oh the amount Of each share shall be
made, within thirty days after the election
Of the FIRST Board Of Directors. The suisse
qucnt pavment shall be made in such sums
and at such periods as shall be fixed by the
Bpard of Directors. Provided "That no
call shall be made, for greater amount than
ten per cent at one time, and that sixty
lays notice of each call shall be given, by
publication IL one newspaper published in
Baton Rouge which shall be known TO the
locl;holders as the official paper OF the
'o'npany, and in one newspaper published
a, Clinton.
lth The said corporation, shall go into
cpcsation and be organized, so soon as
shares Of stock TO the amount Of Thirty
Thoussnd Dollars shall have been sub
scrlbed.
IL, cnftl |, rh.H
be conducted at its domici, in the city of
Baton Rouge by Board composed ofseven
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
ihrec members and the President, or any
four members ofthe Board. Al all elections
by the stockholders, and at all their meet
ngs each share shall be entitled to one vote
Votes may be given in person or by proxy
The President of the Company is the officer
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 cita-
ton, whether made on the President in
person, or to his address, at the Office of the
company in the hands Of any Of its officers
9Th. The first Board of Directors shall
4 be 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 subscriptions
All subsequent elections shall be held at
Baton Rouge under the .uperintendance of
three commissioners appointed from am
ongst the stockholders by the Board Of Di-
rectors for the time being. Notice Of the
first election of Directors, Shall be given
fifteen dsysin 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 Jannary, 1854. The election
shall! be annual, and each subsequent Board
shall be elected on the third Monday of Dec
cmber A failure to elect Directors, shall
not dissolve the corporation, but the Board
in Office shall continue the exercise of its
functions until 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
thirty days in advance, in the official paper
of the company, and in one paper published
at Clinton.
18th. The following persons are hereby
appointed commissioners for the purpose of
receiving subscriptions TO the stock Of said
corporation. Vis: Commissioners at Baton
Rouge, r. G. Morgan. S. M. Hart, H. 4.
WaddiI, A. s. Heron Eugene Lanoue and
W. S. Pike. At Clinton, J. II. Muse, H.
II Haynes, Henry Marston, CIV. Munday,
J B. Smith, VIM. Patterson and M. 6.
Mills. The said commissioners shall have
power to appoint Deputies or agents in
other places to receive subscriptions
Three she'll form quorum to do business.
The subscriptions shall be closed as soon as
.he amodnt of Thirty Thousand Dollars
hall have been subscribed, and the COM
r1iasoners shall Immediately thereafter
rause thischarter, with tine names of the
subscribsfs to be registered in the Office of
the Recorderof Mortgages as required by
law. and shAll cause notice to be given
md an election for Directors held as provid-
ci for in the 9th Arhcls Of the charter.
9Th. Immediately after the election
of the first Board of Directors the sub
sci.pton list shall be opened for term
of three months at such places as may be
seemed advisable by the Board of Directors
and public notice shall be given thereof in
a newspaper published at the place where
said subscription books are opened and the
board shall have power to appoin. agents
for receiving subscriptions. At the end Ufj
said three months, if the amount of sub
scriptions shall exceed the amount of capt.
tai required, meeting of stock holders
and subscribers shall be held to determine