The daily comet. [volume] (Baton Rouge, La.) 1850-1856, 1852-12-04
CHARTER OF TIE COMPANY.

CH 4KVih w I2L COEl1ANx.
1T. The sad corporation shall be called
tue Baton Rouge and Clinton Plank Road
COMPANY and is d1micie is fixed in the
city St Baton Rouge.
2ud. The sad corporation is established
To- the purpose OF Sonstructlng, working,
ard mintaiuing plank road from Baton
Rouge 90 Clinton Louisiana, and from thence
hereafter to be continued to Liberty IN
Amlte County, State ri Mississippi, should
company be formed N Amlte County to
connect Fl the State line.
3rd The capital stock of the Company
IS liked at One Hundred Thousand Dollars
divided INTO four thousand suares at twenty
h,e dollars each. a payment of five per
cent Oh the amount of each share shall be
made. within thirty days after the election
of the FIRST Board of Directors. The suisse
qucnt pavmcnt shall be made in such sums
and at such periods as shall be fixed by the
Board of Directors. Provided That no
cal shall be made, for greater amount than
ten per cent,-at one time, and that sixty
days notice OF each call shall be given, by
publication in one newspaper published III
Baton Rouge which shall be known to the
stockholders as the official paper of the
Company and in one newspaper published
O. Clinton.
4th The said corporation. shall go into
operation and be organized, SO soon as
shares Of stock TO the amount Of Thirty
Thousand Dollars shall have been sub
scrioed.
9Th The business OF the corporation shall
be conducted at its domicil, in the city of
-, l. J. al ntc
Directors. VINO shall be stockholders. The
Directors shall elect one of their body as
E.e5iient Of he Company, at their first
ruee.,uL after then election. I qpIoum to
traasact t1siness shall consist Of ii least
three members and tie President, or any
Elr members o. he Board. At al. elections
bv tue tJ holders and at all their meet
iags each share shal. be entitled to one vote.
Votes may be given in person or by prory-
Ihc President of She Company is the officer
designated ., the one on whom lega! service
o. al. process OF citation against the Com
yany 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 ia tn hands of any OF its officers.
9th. The fSt Board of Directors stall
ne chosen as soon as the list Of subscription
shal. be closed. This election shall be held
at Baton RI "a under the superintendent
of the commissioners hereafter designated
and appointed to receive subscriptions
All subsequent elections shall be held at
Baton Rouge under the superintendent of
three commissioners appointed from am
ongst the stockholders by the Board of D-
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 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 Oh the third Monday of Dec
ember 4 failure to elect Directors, shall
rs1 dissolve the corporation, but the Board
in Office shall continue the exercise of its
functions until d new board can be elected
AL notice of elections aud of meetings OF
stockholders after TIE first election above
provided for, shall be given by publication
thirty days in advance, in the official paper
of -he company, and in one paper published
At Clinton.
7;h. The following persons are hereby
appointed commissioners for the purpose OF
receiving subscriptions TO the stock of said
CORPORATION. V,.: Commissioners at Baton
Rouge. r G. Morgan. S. NJ Hart, II. 7
Waddill, A. S. Heron Eugene Lanoue and
w. S. Pike. At Clinton, J. II. Muse. II
Fl. Haynes, Henry Marston, GU Munday
J. B. Smith, Wn. Patterson and NJ. 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 a:
the amount of Thirty Thousand Dollars
shall have been subscribed, and the com.
missoners shall Immediately thereafter
cause this charter, with tine names of The
subscribers to be registered in the Office o
the Recorder of Mortgages as required by
law, and shall cause notice to be giver
and an election for Directors held as provid
ed for in the 9th Article of the charter.
sth Immediately after the election
of the first Board Of Directors the SUBJ
scription list shall be opened for a term
of ,h.ee months at such places as may be
reemed advisable by the Board of Director:
and public notice shall be given thereof ir
newspaper published at the place where
said subscription books are opened and the
board shall have power to appoint agents
for receiving subscriptions. At the end Of
said three months, if the amount of sub.
scriptons shall exceed the amount of CAPT.
tai required, a meeting of stakeholder.
and subscribers shall be held to determine
whether the capital shall be increased tt
ria whale sUas,.nt o{ slhSnriu&;on amJ 4