Baton-Rouge gazette. [volume] (Baton-Rouge, La.) 1819-1856, 1852-09-18

the furnishing of material of Equipments sef The
read on stch credits al they may deeifi proper
10 Borrow III 5ney fyf md on aetuiiIt uf said fgs
iii aty s,ifr, not 10 exeaes ton thesRana dollars
Unless authorized bY vote Of f~o thirds Of the
Stockholders. not 10 exceed that fsrn. and 10 rnort
gage the said road and iis appulenaness 10 secure
The payment IF ihe same 70 make ail contracts
ief iiis purpose OF spsedIIy afid pf6refly tons
strtietinH said road, and when saia road or any
part thereof Is finished. 10 fix the rs et tolls fof
The same Ii make all rules and regulations ef BY
laws necessary for he proper, sale and regular
transaction Of the business of The company but
such rules and regulations shall be subject 10 fe-
peal ehange. airiehduistt, or modification. BY The
stockholders al their uesti1igs, or by The Prssi
dent and Difetiefs ii the intervals; they may
accept donations III land Or money. pr such mate
fials OF labor as may be- useful 10 he company
they shall declare seiiii.anrually the dividends
sEisnE ffofn ihe read alter tlis payment OF all en-
penses. Said dividends shall be declared and
made payable 10 the Stockholders during the ffst
fifteen days Of peeembeI and Jtue of each ear
they shil make at least once III each year q re-
port In full detail 70 The stockholders, exhibiting
the expefiees and profits or fevtnue OF the road
as well as The cost during the process Of tdnstsue-
ting the same ~ wgll AZ The fspuirs that may be
made thereof, ilisy shah keep o. cause 70 he
kept regular set ufbgoAs, uii which snail BE- en-.
tered il regular ORDER all bssiipss or other trans
srtions Of the company, which said book Shall be
opened TO The inspection ofthe stockholders al the
office Of tle company. A stock book shall be
kept arl certificates Of Stock shall be issued to
the stockholders. and no Transfer Oh stock shall be
binding on the eumpapy uBiil made on its stock
boot.
10 lfany subs fiber for stock shall be taxetI
by viftlie 81 any law Or drlihsnae for the pay.
ment of subscription to the eonpahyj he shal j
have the fight OF reducing the number OF Ills
fhafes by mi amount equal To that tf the lax so
imposed, but This right must be exercised With
IN thirty days from the date Of the law or orb
nance afler which Term II shall not be allowed
ID. An anual meeting of The stockholders shall
be held on the first Monday IL December TO re-
eeiye an annual report ofihe past years opsra-
iion ailtl business Of the company at which
full statement OF the financial sIiaifs and other
business Of the eomtany snail be submitted BY
the President and Directors for examination by
the Stockholders and their agents.
10. Att expiration Of the chart, or y henever
the dissolution Of the corporation shall render
seessary its liquitlat OF, three commissioners
shall bs elseted b. she stockholders whose duty
i shall be 10 take possession Of the property Of
the company, aud conduct us business to final
liquidation on stieh terms and In such manner. as
shall he determined by meeting Of The stock.
hodtr ~ regularly convened for that ptifpuse. and
If, at the expiration of he present charter ma.
joriiy of the stockholders III number or amount
shall desire 10 renew the same for further
terms the stoekto defs dsseeftny ifon said fenews
shall be bound to transfer their stock TO those
during the renewal al lis fair value. To be fixed
by sppiaisefs mutually chosen for that purpose.