The daily comet. [volume] (Baton Rouge, La.) 1850-1856, 1853-05-22
CHARTER OF THE COMPANY.

CHARTER OF THE COMPANY.
lst. Th, said corporation sha I've called
the Baton Rouy and Clinton Plank koad
Company" ard its doniIcise is fixed the
CITY of Ba.on Rouge.
2nd. The said corporation IS established
for the purpose OF constructing. working
an mantaiui e a plank read from Baton
Rouge TO Ciin'on Louisiana and from thence
hereafter to be- continued to Liberty in
Amite County. State of Mississippi, should
company he formed in Aplitc County to
connect at the State lire.
3rd. The capital stock Of the Company
j. fixed at One Hundr-d Tho,,and 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-
nuent pavusent shall be made in such SUN:
and at such reriods as shall be fixed by the
Board Of Directors. Provided ''rhat ne
call shall he made for greater amount than
ten per cent. at ole 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, ard in Que ne wSpaPcr published
at Clinton.
4th. The said corporation, shall go into
ope,ation and be organized, so soon as
shares of stock to the amount Of Thirty
Thousand Dollars shall nave been sub
scrihed.
5th. The business Of the corporation shall
he conducted at its donicii. in the city of
Baton Rouge by Board composed OF seven
Direc, ors. who shall be stoc khoders. the
Directors shall elect one of their boly as
President of the Company, at their frs
meeting after their election. A qurou,n t.
transact business shall consist OF at least
three members and the President, or any
four members o, the Board. Atal elections
by the stockholders. and at all their meet
inps each share shall be entitled to lie vote.
Votes NAV be given in person or by proxy
The President OF the Company i, the Officer
DESIGNATED as the one or whom legal ss-v cr
of all pro ess or citation against the Con
papy may be made, and the company agrr-
TO e bound by service o: process or ci.i-
tion. whether made on the President III
rerson. or to his address at the Office of the
| company in the hands oil any Of its oficer.
| DIN. ne IISb Dpdiu VI OfItSJDiS sDdI
be chosen as soon AS the list OF subscriptio
! shall be closed This election shall De held
at Baton 'ong- under the superintendent
| of the commissioners hereafter designated
! and appointed to receive subscriptions -
| All subsequent elections shall b. held a.
Batoa Rouge under the superintendance o.
three commissioners appointed from am
ongst the stock khoders by the Beard ri Di-
rec'ors for the time bein. Nntl'e OF the
first election OF Directors, shall be givei
fifteen days in advance. in at least ne news
pape, published in Baton Rouge, and one
puhlished at Clinton The first Board oil
Directors shall hold Office until the third
MONDAY Of January, l8|. The elect u
shall be annual. and each subsequent Board
shall be elected Oh the third VI onday Of Dec
ember failure 10 elect Directors, shall
not dissolve the corporation, but the Board
in Office shall Continue the exercise OF il.
| functions until new board can be elected
| All notices of elections ann OF meetings o.
! stockholders after the FIRST election above
provides for. shall be given by pablicaiion
thirty da' s in advance, in the official pape
Of the company. and III one paper published
at Clinton. ..fe. .........
n 7th Xnn1ollowing persons are hereby
appointed commi Doners for the purpose o:
receiving subscri Ptions to the stock of said
I cordAtAtan - Viz Commissioners at Baton
X l.olI. Morgan, s. NJ. Hart, H. T.
| Waddill. AS. Heron, Eugene Lanoue ami
| ". $. Pike. At Clinton. J. H. Muse, H.
Il HAYNES, Henry Marston. g. w. Munday,
J. B. Smith, Wm. Patterson and NJ. G
Mills. The said commissioners shall have
power to appoint deputies or agents in
ther places to receive subscriptions.
! Three shall form . quorum to do business.