Baton-Rouge gazette. [volume] (Baton-Rouge, La.) 1819-1856, 1852-12-25
c II A Z Z Il
BATON ROUGE anil CLINION
Plank Road Company.

Louisiana. as particularly set forth In an act emu.
lied All ..arf for tc organisation Of corporations io'
,corks of public improvement and ntMtg0-a copy
of which j. hereinio annexed, for the purpose d
constructing q Plank Road from the city Of Baton
Rouge In the Parish Of East Baton Rouge. 10 The
town of Clinton, in The Parish Of East F~elieiann
and from thence along the most eiigublr route ii
d point that will connect the town oil Liberty HI
Afnite county, Stale Of Mississippi, and FIR thu
purpose we have formed the annexed %ethfipf. aht
have signed the same, and have added to utlf ely
nature a statement Of the number Of slitttes aiit
the amount OF our subscriptions TO said tutilpa.
CHARTER OF THE COMPANY.
1st The said corporation shall be called The
| Baton Rouge and Clinton Plank Road Company, 7
aud its domicile is fxed Ia the city Of Batvn
Rouge.
End. The said corporation Ia established for the
purpose Of constructing, working, and maihtnina
ing d plank road from Baton Rouge to Clihioh
Louisiana. and from thence hereafter to be con.
tinted to Liberty In Aniite county State Of Miss.
issipai. should Il company be formed In Atiite
County TO connect at The State line.
Sd. The capital stock Of the Company ID fixed
Ut One Hundred Thousand Dollafst divided Into
four tholls and shares at twenty Ave dollars each.
A payment OF five per cent on the amount oi
each share shall be made, within thirty days nj.
| tCF tIt ttPCt1pH VI tue Hist DDuIu VI BIFPCtDJAs
The subsequent payment shall lie made ii such
sums and at such periods as shall be fixed by the
Board of Directors. Provided "That no call shall
be made, for a greater amount than ten per cent
at one time, and that sixty days notice Of each
call shall be given, by publication In one news.
paper published In Baton Roug which shall be
known TO the Stockholders as the official paper of
the Company, and In one newspaper published
OF Clinton. .
4th. The said corporation shall 60 into opera.
ton. and be organized, so soon as shares Of stock
to the amount Of Thirty Thousand Dollars shall
have been subscribed.
9Th. The business Of the corporation shall be
conducted at its dpfnicil, In the city Of Baton
Rouge by a Board composed of seven Directors.
who shall be stockholders. The Directors shall
elect one OF their body ms President ofthe Com.
pafy, at their first meeting after their election,
A quorum to transact business shall consist Of ut
least three members and the President, or any
four members oftho Board. At all elections by
the stockholders, and at all their meetings each
share shall be entitled to ore vote. Votes may
be given In person or by proxy. The President
Of the Company Is the officer designated dis the
one on whom legal service Of all process or cita-
ton against the Company may be made, and the
company agree to be bound, by service of process
Or citation. whether made ON The President in per-
SOL, Oh u HIS HuuTeSS W tBe OitICt Vi TIC cOH1pd-
ny in the hands of any of its officers.
9Th. The first Board Of Directors shall be cho-
sen as soon as the list of subscription shall be
closed. This election shall be held at Baton
Rouge under the superintendent of the commits
sioners hereafter designated and appointed 10 re.
ccive subscription.-All subsequent elections
shall be held at Baton Rouge under the snperin-
~tentence OF three commissioners appointed from
amongst the stockholders by the Board OF Direct
ors for the tine being. Notice OF the first cleo
ton Of Directors, shall be given fifteen days in
advance, in at least one newspaper published in
Baton Rouge, and one published at Clinton. The
first Board Of Directors shall hold Office until the
third Monday in January, 1864. Tn election
shall he annual, and each subsequent Board shall
be elected on the third Monday Of December.
A failure to elect Directors. shall not dissolve the
corporation, but the Board hi Office shall continue
the exercise OF its functions until a new board
can be elected. All notice of elections and of
meetings of stockholders sfter the 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 elm
ton. asttaA7s sfE
18th. The following persons are hereby appoin-
ted commissioners for the purpose of receiving
subscriptions to the stock Of said corporation.
Tis Commissioners at Baton Rouge, Z. G.
MoRaAN, S. M. HART, H. I. WAppiLL, A. s.
HERaoN, EUGENE LAsouE and w. S.. PIKE. AT
Clinton, j. H. MISS, H. II. HAYNES, H.NRr
MARsroN, G. w. MuNpAY, J. b. SMirn, VIM.
PARKINSON and M. G. Nuns. The said COM
missioners shall have power 10 appoint deputies
Or agents in other places to receive subscriptions.
Three shall form a quorum to do business. The
subscriptions shall be closed as soon as the
amount of Thirty Thousand Dollars shall have
been subscribed, and the commissioner s shall i'm.
mediately thereafter cause the charter with the
names Of the subscribers TO be registered in the
Office of the Recorder Of Mortgages as required
by law, and shall cause notice to be given and an
election for Directors held as provided for In the
9th Article of the charter.
Sth. Immediate ~ after the election Of the first
Board of Directors the subscription list shall be
opened for a term of three months at such places
as may be deemed advisable by The Board Of Din
%rectors, and public notice shall be given thereof
d newspaper published at the place where sa
subscription books are opened and the boarg
shall have power to appoint agents for ~receipin
subscriptions. AT the end Of said three months,
ii the amount Of subscriptions shall exceed til
amount Of capital required, a meeting of stock
holders and subscribers shall be held to determine
whether the capital shall be increased 10 the
whole amount of the subscription and if the
capital be not so increased, then the number Of
shares subscribed shall be reduced from the larg-
est s,hsrr;nt;on 40 ne moi 10 diminish the nnmher
of shares Of any subscriber. while another re-
mains with a larger number Of shares. Ii their
be any deficiency in the amount Of capital SUBJ
the said subscription books may be re-
opened and closed from time TO time, until the
whole capital shall have been subscribed.
9TH. IN case offaiiure on the part OF any suDscrl-
Der to pay the ensialiments on ns STOCK as reaillr-
the Board ct Directors, snail nave me option.
alter thirty days written notice TO me defaulter,
torfeiting the stock. and selling u ir the bene-
tit Of said stakeholder, Or Of compelling by suit
the payment OF such enstallment and no stock.
holder shai! be permitted to vote while IN default
the purpose Of increasing or diminishing the cap