The daily comet. [volume] (Baton Rouge, La.) 1850-1856, 1853-05-15


Ronge, to the town of Clinton, in the Parish
of East Feliciana, and from thence along
the most eligible tout to point that will
connect the town of Liberty in Amite Co..
State of Mississippi, and for that purpose
we have formed the annexed charter. and
have signed the same, and have added IT,
our signature statement Of the number Of
shares and the amount of our inscriptions
to said Company.
CHARTER OF THE COMPANY.
LIST. The said corporation shall be called
the Baton Roug, and Clinton Plank Road
Company,p and its domicile is fixed il the
city Of Baton Rouge.
2nd. 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 be continued to Liberty in
Amte County, State of Mississippi, should
a 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 OIL Tue diHOultt VI Cutll SuuiC SHdll DC
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 be fixed by the
Board of Directors Provided THAT no
call shall be made for greater amount than
ten per cent, at one time. and that sixty
DAYS 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
at Clinton.
4th. The said corporation, shall 90 into
operation 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 domcil. 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 quroum to
transact business shall consist of at least
three members and the President, or any
four members o, the Board. Atall elections
by the stockholders. and at all their meet
ings each share shall be entitled to ,ne 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 or citation against the Com
pany may be made, and the company agree
to he bound. by service of process or cita-
ton, whether made on the President in
yerson, 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 subscriptio,
shall he 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 fromHam-
ongst the stockholders by the Board of Di-
rectors for the time bein!. Notice of the
first election of Directors, shall be given
fifteen days in advance. in at least one VS.
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
until a new board can be elected. |
All notices of elections amt of meetings of
after the first election above
provided for. shall be given by publication
hirty days in advance, in the official paper
If the company. and in one paper published
It Clinton.
7th. Tne following persons are hereby
appointed commissioners for the purpose OK
eceiving subscriptions to the stock of said
corporation. Vi.: Commissioners at Baton
souge, L. G. Morgan, S. M. Hart, H. 7.
Vaddill, A. S. Heron, Eugene Lanone and
v. s. Pike. At Clinton, J. H. Muse. H.
|. HAYNES. Henry Marston. g. w. Munday,
I. B. Smith, VIM. Patterson and NJ. G.
iills. The said commissioners shall have
ower to appoint deputies or agents in
ther places to receive subscriptions
.hree shall form quorum to do business.
he subscriptions shall be closed as soon as