Baton-Rouge gazette. [volume] (Baton-Rouge, La.) 1819-1856, 1853-01-08

tied nn I'D i6t TN ofgaaisufiest II tafpetdtieas ~
,tstks NJ t,tif. Improvement isii efsay '~iAa supY
Of which |. httelutH uiitis xea. iut The pufIf,,se VI
| ebisifHrtine d Plank nuai ffutti the city 81 hntou
| }eugs III the Parish VI last bstoti Ile.ae, TO he
| town Of Clinton, In the psfisi If East Fslitlaua4
and Itotm thvnes along The Trust eligablb fUate 10
| d point thai will connect the tusvn Vi Lib,iftt IN
| Amite suaitt, State pf Mississippi, and for That
purpose w have ieftiisd The anfis ssd ebHtief, and
| have signed ils safsia, and have a,lhsd ID oNr sigs
| ,iaiafs statement uf the number VI shafts and
the ainesnt 81 ost subscriptions 10 said Cufi,pas
CHARTER or THE COMPANY.
lot The said corporation shall bs called the
| Baton Rouge and Clinten Plank Road Company
end Ito deiilicils IL 1xed In The city Of Batoii
Rouge.
and. The snid cofpcra'ion Is established fot the
| purpose vf constructing, working, and maintain
ing u plank road lfotn Baton Ruige to Clinton
Louisiana, and from thence hereafter to be cons
| Tinted to Liberty Id Atnite count y, State Of Missa
issipai. should a company be fornied III Aniite
County to connect at The State lite.
81. The capital stock OF The Company Ia fsed
at One Hundred Thousand Dollars, divided into
four thou and shares at twenty-five dollars each.
A payment Of five per cent on the amount OF
each share shall be made, within Thirty days aE-
ter the election of The first Board Of Directors.
The subsequent payment shall he made III such
sums and at stieh periods as shall be Fixed w the
Board uf Directors. Provided "That no call shall
lie 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 iii Baton Roug which shall be
| known 10 the Stockholders as the official paper Of
the Company, and Ia one newspaper published
at Clinton.
ath. The said corporation shall so Into OPERA
ton. and be organized, SO soon as shares II stock
to the amount OF Thirty Thousand Dollars shall
have been subscribed.
9th. The business of the corporation shall be
conducted at Its %,loinicil, in the city Of Baton
Rouge by a Board composed of seven Directors.
| who shall be stockholders. The Directors shall
elect olie of their body as President ofthe Com.
pany, at their first meeting sftet their election,
| A quorum to transact business shall consist of at
least three members and the President, or any
four members ofihe Board. At all elections by
The stockholders, and ut all their meetings each
share shall be entitled TO one vote Votes may
be given In person OF by ftoty. The President
| of the Company lie the officer designated as the
one OH whom legal service Of all process of eta
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-
soii. or to his address at the office Of The ufnpa
NY in the hands of any OF Its officers.
9th. The first Board Of Directors shall be tho.
sen as spon as the list OF subscription shall be
closed. This election shall be held at Baton
| Rouge under the superintendent Of the commits.
sionprs hereafter designated and appointed To re-
ceive subscription All subsequent elections
| shall be held at Baton Rouge under The superin.
t~enlenee OF three commissioners appointed from
amongst the stockholders by the Board Of Direets
os for the tiide 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 al Clinton, The
first Board oil Directors shall hold Office until the
third Monday In January, 1864. The election
shall be annual, and each subsequent Board shall
be elected on the third Moitay Of December.
A failure 10 elect Directors. shall not dissolve the
corporation, but The Board In office shall continue
the exercise OF its functions until a new board
| can be elected. ALI notice of elections and 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
he company, and ID one paper published at Gin.
ton.
18th. The following persons are hereby appuifl.
ted commissioners Tor The purpose Of receiving
subscriptions to the stock Of said corporation.
Ti4. Commissioners at Baton Rouge, /. q.
| MoaaAs, 3. NJ. HaHr, H. I. WAbptil, A. y.
IIERaeN, EUGENE IANouE and w. 3. PtkE. At
| Clinton. ]. II. MusE, II. H. HAYNES, HENRy
| MAasror. q. w. MuspAY, j. B. SMITH. VIM.
pArrsRspr and NJ. G. Nuts. The said CONS
missioners shall have power TO appoint deputies
or agents in other places TO receive subscriptions.
Three shall form a quorum to do business. The
subscriptions shall he closed a. soon as the
amount of Thirty Thousand Dollars shall have
been subscribed. and the commission srs 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
az may be deemed advisable by the Board Of Din
~rectors, and public notice shall be given thereof
a newspaper published at the place where ga
subscription books are opened; and the boars
shall have power to appoint agents for feceivin
subscriptions. AT the efid OF snid three months,
Il the amount of subscriptions shall exceed tn
amount of capital required, a meeting Of stock.
holders and subscribers shall be held to determine
whether the capital shall be increased TO the
whole amount of the subscription and If the
capitat be not so increased, then the number Of
shares subscribed shall be reduced from the larg-
EFT subscription 90 al not to diminish the number
OF shares of any subscriber, while another re-
mains with a larger number of shares. If their
be any deficiency In the amount Of capital sub.
scribsd, 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 . failure on the part Of any sabscri-
Der to pay The e~nstallments on his stock as requirs
ed, the Board Of Directors, shall have the option.
after thirty days written notice to the defaulter,
of FORGETTING the stock. and selling 1t for the bene-
fit Of said stakeholder, or of compelling by suit
the payment Of such enstallment and no stocks
holder shall be permitted to vote while in default
10th. All meetings of Stockhok ers called for
the purpose Of increasing or diminishing the cap-
ital stock of the company or for any Of the purpos-
es enumerated in the fifth % :tion OF the act Of
the Legislature Of Louisiana entitled 1.an au for
Me organ cation Of corporations for iork III public
improvement and utility shall b. composed Of per-
sons holding in their own right, or as agents for
others at least three-fourths Of the stock Of the
company, III order to take valid and binding ac-
ton In the premises, at all other meetings of
stockholders, and at all elections, q majority Of
stock shall be represented, and in this latter case,
IL such majority be not present nor represented
the meeting shall be adjourned for one week,
and the vote of the majority Of the stock present
and represented at such adjourned meeting shall
bind the company in the same manner, a. if .
majority Of all the stock were present and rep
resented.
nth. Any vacancy in tie Board Of Directors,
occurring during the year may BE- filled BY . vote
Of the Board Of Directors.
18th. The President and Directors Of said cor
~poration shall have power to make and use d
common ~seAl--to elect q newspaper, which shall
be known 10 the Stockholders a. the Official paper
az the company. ard iii which all advertisement