The daily comet. [volume] (Baton Rouge, La.) 1850-1856, 1853-05-28
CHARTER OF THE COMPANY.

CHARTER OF THE COMPANY.
1st. The said corporation shall be called
the Baton Rouge and Clinton Plank Road
Company" and its domicile is fixed in the
city of Baton Rouge.
end The said corporation is established
for the purpose of constructing, working,
and MAINTAINING a plank read from Baton
Rouge to Clinton Louisiana, and from thence
hereafter to 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
is fixed at One Hundred thousand Dollars,
divided in four thousand shares at twenty
five dollars each. A payment of five per
cent on the amount of each share shall be
made, within thirty days after the election
of the first Board of Directors. The subse-
ouent pavment shall be made in sucn sums
and at such periods as shall be fixed by the
Board of Directors, Provided THAT no
call shall be made for greater amount than
ten per cent. at oIe time. and that sixty
davs notice of each call shall De- 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.
4th The said corporation, shall go into
operation and be organized, so soon as
shares of stock to tine amount of Thirty
thousand Dollars shall have been SUBJ
scrihed.
5th The business Of the corporation shall
be conducted at its oomicil. in the city Of
Baton Rouge by Board composed ofseyen
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 quroun to
transact business shall consist of at least
three members and the President, Or any
four members O, the Board tall elections
by the stockholders. and at all their meet
ings each share shall be entitled to me vote.
Votes may be given in person or by prory.
The President Of the Company is the officer
designated as the one on whom legal service
of all process OF citation against the Com
parsv may be made, and the company agree
to be bound. by service of process or cita-
ton, whether made on the President in
rerson. 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
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 superintendance 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 days in advance, in at least enc 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 on the third Monday of Dec
ember. 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 notices of elections ann 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 i'll one paper published
at Clinton
7th. The following persons are hereby
appointed commissioners for the purpose OK
subscriptions to the stock OF said
w: Commissioners at Baton
Rouge, T. G. Morgan, $. NJ. Hart, H. T.
Waddill, A. S. Heron, Eugene Lanoue and
W. S. Pike. At Clinton, J. H, Muse. H.
H. Haynes, Henry Marston, 6. W. Munday,
J. B. Smith, WIN. Patterson and M. 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.