The daily comet. [volume] (Baton Rouge, La.) 1850-1856, 1852-10-19
CHARTER OF THE COMPANY.

lst. The said corporation shall be called
Company" and its domicile is fixed in the
the city Of Baton Rouge.
2nd. The said corporation il established
for the purpose Of constructing. working,
and III 'ntaining plank road from Baton
Rouge 10 Clinton Louisiana. and from thence
hereafter 10 be continued TO Liberty in
Amite County, State Of Mississippi, should
. company be formed in Amite County to
connect at the State line.
3rd. The capital stock Of the Company
il kxed at One Hundred Thou.and Dollars,
divided into four thousand shares at twenty.
i've dollars each A payment Of five per
cent on the amount Of each share shall be
male. WITHIN thirty days after the election
Of the first Board Of Directors. The subse-
Qucnt payment shall be made in such sums
and at such periods MS shall be fixed by the
Board Of Directors. Provided That no
call shall be made. for .rcatcr amount than
ten per cent. at one time. and that sixty
days notice Of each cali shall be given. by
publication 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.
9TH. The said corporation, shall 20 into
operation and be organized, so soon as
shares Of stock to the amount Of Thirty
Thousand Dollars shall have been sub.
scrbed.
9Th The business Of the corporation shall
b. 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
by the stockholders. and at all their meet.
ings each share shall be entitled to one vote
Votes may be given in person or bv prory
The President Of the Company is the officer
designated a, the one on whom legal 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 eta
ton. whether made on the President in
person. or to his address. a. the office Of the
company in the hands Of any Vi its officer
9Th The first Board Of Directors S, all
De 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 he held al
Baton Rouge under the ,upreintemlance Of
three commissioners appointed from am
ongst the stock holders by the Board Of Dr.
rectors for the time being. Notice Of the
first election Of Directors, shall be given
fifteen days in advance, in at least one news
paper published in Baton Rouge, and one
published at Ciinton The first Board Of
Director, shall hold office until the thi.d
Monday of January, 1854. The election
shall he annual. and each subsequent Board
shall b. elected on the third Monday of Dec
emhcr. 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
"kholders after the first election above
provided for. shall be given by publication
thirty days in advance, in the ofIi''ial paper
Of the company, and in one paper published
at Clinton
It'll. The following persons are hereby
appointed commissioners for the purpose of
receiving subscriptions TO the stock OF said
corporation. Viz: Commissioners at Baton
Rouge. L. 6. Morgan. S. NJ. Hart, II I.
Waddill. A. S. Heron Eugene Lanoue and
VS. Pike. At Clinton. J. H. Muse. II.
II Haynes. Hcnry Marston. G. W. Munday,
J B. Smith, VIM. Patterson and VI. G.
Mills. The said commissioners shall have
power to appoint deputies or agents in
other places to receive subscriptions
Three shall form quorum to do business
The subscriptions shall be closed as soon as
the amount Of Thirty Thousand Dollars
shall have been subscribed. and the com
missoners shall Immediately thereafter
cause this charter, with the names of the
subscribers to be registered in the Office of
the Re .order of Mortgages as required by
law and shall cause notice to be given
and an election for Direc tors held as provid-
ell for in the 9Th Article Of the charter.
9Th. Immediately after the election
Of the first Board Of Directors the SUBJ
scriptivn list shall be opened tor term
Of three months at such places as may be
deemed advisable by the Board Of Directors
and public notice shall be given thereof in
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 Of
said three months. if the amount of sub
scriptions shall exceed the amount of capi-
tai required. injecting of stock holders
and subscribers shall he held to determine
whether the capital shall be increased to
The whole amount Of subscription and if