The daily comet. [volume] (Baton Rouge, La.) 1850-1856, 1853-05-31

have signed the same, and have added T.
our signature statement of the number OF
shares and the amount Of our subscriptions
to said Company.
CHARTER OF THE COMPANY.
1st. Tn, said corporation shall be called
the Baton Roug, and Clinton Plank Road
Conpanv.n and its domcile is fixed il the
ritv Of Baton Rouge.
3nd The said corporation is established
for the purpose of constructing, working
and maintaining plank road from Baton
Rouge to Clinton Louisiana, and from thence
hereafter to bp continued to Liberty In
Amite County, State of Mississippi, should
a comnapy be formed in ATnite County to
connect at the State line.
3rd. The capital stock Of the Company
is fixed a. One Hundred Thousand Dollars,
divided in four thousand shares at twenty
five dollars each. A payment OF live per
cent on the amount of each share shall be
made, within thirty days after the election
of the first Board of Directors. The suose-
ouent payment shall be made in 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 Ole time. and that sixty
tiays notice Of each call shall be 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
st Clinton.
lth. The said corporation. shall 20 into
oneyatiop and be organized. SO soon as
shares of stock to the amount OF Thirty
Thousand Dollars shall have been sub
scrihed.
5th. The business of the corporation shall
be conducted at its domicil. in the city Of
Baton Rouge by Board composed OF seven
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
fo,r members o, the Board. At all elections
bv the stockholders. and at all their meet
;nes each share shall be entitled TO ne vote.
| Votes NAV be given in person or by prory.
The President Of the Company J., the Officer
DESIGNATED as the one on whom legal serv ce
of all process or citation against the Com
panv NAV be made, and the company agree
10 be bound by service of process or cita-
t;on. whether made OFT the President in
,erson. or to his address. at the office Of the
cononanv in the hands Of any of its officers
9Th. The first Board of Directors shall
! be chosen as soon as the list OF snbscrlrtio
shall be closed This election shall be held
at Baton Rouge under the superintendence
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 ben.. Notice Of the
| first election Of Directors, snail be given
! fifteen DAYS in advance. in at least tne news
papc, published in Baton Rouge, and one
| published at Clinton. The first Board OF
| Director, 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 ofDec-
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 ana of meetings Of
! SIOCAEOiueIs dlttf tue Dlot eleCtIOu dDoNt
provided for. shall I've given by publication
| thirty days in advance, in the official paper
Of the company. and i'll one paper published
at Clinton.
7th.. Tne following persons are hereby
appointed commissioners for the purpose OK
receiving subscriptions to the stock Of said
corporation. Ti=: Commissioners at Baton
Rouge, T. G. Morgan, S. NJ. Hart, H. r.
Waddill. A. S. Heron, Eugene Lanoue and
w. S. Pike. At Clinton. J. H. Muse, H.
H. Haynes, Henry Marston' G. W. Munday,
7. 8. Smith, VIM. 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 as
the amount of Thirty Thousand Dollars
Ill l. .-I L.