The daily comet. [volume] (Baton Rouge, La.) 1850-1856, 1853-05-24


we have lorme the annexed charter, aud
have signed the same, and have added t.
oIr signature a statement of the number Of
shares and the amount of our subscriptions
to said Company. gls .a... 0rl
CHARTER OF THE COMPANY.
1st. Tn, said corporation shall be called
the Baton Roug' and Clinton Plank Road
Companyn and its donicile is fixed il the
city of Baton Rouge.
End. The said corporation is established
for the purpose of constructing. working,
and maintaining plank read from Baton
Rouge to Clinton Louisiana, and from thence
hereafter TO be- continued to Liberty in
Amite County. State of Mississippi, should
a company be formed in Am;te County to
cofinect at the State line.
3r,l 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-
quent payment shall be made in such sums
and at such periods as shall he fixed by the
Board Of Directors Provided That no
call shall be made for a greater amount than
ten per cent, at os.e time and that sixty
davs notice of each call shall be given, bv
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 ne wspaper published
at Clinton.
4th. The said corporation shall 20 into
operation and be organized, SO soon as
shares of stock to the amount Of Thirty
thousand Dollars shall have been sub
scrihed. p %--
5th. The business OF the corporation shall
be conducted at its doinicfl. in the city Of
Baton Rouge by Board composed Of seven
Direc, ors. 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 quroum to
transact business shall consist OF at least
three members and the President, or any
four members o, the Board. At all elections
by the stockholders, and at all their meet
ings each share shall be entitled to me vote.
Votes may he 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 or citation against the Com
panv may be made, and the company agree
to he bound. by service of process or cita-
, ton, whether made on the President in
rerson, OF to his address at the Office of tle
company in the hands of any of its fficers
9th. The first Board of Directors shall
he chosen as soon as the list of subscriptio
shall be closed This election shall be held
at Baton ,'ouge under the superntendence
of the commissioners hereafter designated
and appointed to receive subscriptions -
All subsequent elections shall be .held al
Baton Rouge under the superintendance OF
three commissioners appointed from am
! ongst the stock holders by the Board of Di-
rectors for the time bein.. Noti.e OF the
! first election of Directors, shall be given
/ fifteen days in advance, IN at least ne news
pape, 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, aud 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 It's
functions until a new board can be elected
All notices Of elections ann of meetings OF
Z
stock holders after the first election above
provided for. shall be given by publication
thirty day S in advance, in the official papeI
of the company, and i'll one paper Published
at Clinton. l-.-
7th. Tne following persons are hereby
appointed commissioners for the purpose OK
receiving subscriptions to the stock of said
corporation. It1.. Commissioners at Baton
Rouge, L. G. Morgan, s. NJ. Hart, Ii. r.
Waddill. A. S. Heron. Eugene Lanoue and
w. S. Pike. AT Clinton. J. II. sIuse, H.
II, HAYNES, Henry Marston. G. W. Munday,
J. B. 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
Al ~