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

eli Il II T. Il
BATON ROUGE and CLINTON
Plank Road Company.

Plank Road Company.
We the undersigned agiee 10 form otrselye
into d corporation, under the laws Of the State 9
Louisiana. as particularly set forth IN al act enli
tied an '.frt for lhe organization Of corporations ~
uorhs Of public Improvement and AfRVyo--a cop
Of which |. hefeinto annexed, for the purpose u
constructing d Plank Road from the city Of Bstoi
Rouge In The Parish Of East Baton Rouge, TO III,
town Of Clinton, IN the Parish Of East Felieiana
and from thence along the most sligable route I.
a point that will connect the town sf Liberty II
Aaite county, State or Missi ssippi. and fof ths
PURPOSE we have formed The atiiet ed charter, aHt
have signed the tatae. and have added 10 ouf sig
nature d statement Of the member VI Niafes AM
The amount Of cur Subscriptions 10 raid Cut1ps
ny.
ist The said eorfofstion shall be called I'd,
Baton Rouge and Clinton Plank Road COMPANY
and its dufiitila IL fixed Ia The city of Bstof
Rouge.
2nd The said corporation IL established for III,
purpose Of constructing working, aud f1sittaih'
Ing i plank rcad rom Baton Rouge 10 Cligtef
Louisiana. and from thence hereafter TO be ron.
tinued to Liberty In Aniite county, State Of Miss.
issipai. should a ref8pahy be formed In Aniits
County to connect at The State line.
ad The capital stock Of The Company il Hxet
al One Hundred Thousand Dollars, divided into
four thou. and shares al twenty-five dollars each
A payment ai Eve per cent on the Hniount ii
each share shall be made, within thirty days III.
ter the election Of the 6fst Board Of Directors
The subsequent pa nieni shall he made In such
sums and at such periods AZ shall be fixed by the
Board Of Directors. Provided "Tbat no call shall
be t,ade. for a greater amount than ten per cent
al one time, and that sixty days notice Of each
call shall be given, by publication Ia one news
Aaa aAl I!.EaI Ia naf. III A... ..ItaI .1uft Ii
known 10 the eckholders ~ the official paper Of
the Company, and ID one newspaper published
at Clinton.
9Th. The said corporation shall 20 into opera
fiuttl aud be otganitdd, so soon az shares Of stock
10 the amount of Thirty Thousand Dollars shall
have been subscribed.
9th The business Of the corporation shall be
conducted at It's dotiieil. in the city Of Baton
lseage by a Board composed of seven Directors.
who shall be stockholders. The Directors shall
elect one Of thnir body Ms President ofthe Com.
paliy, at their first meeting after their election,
A quorum 10 transact business shall consist Of st
leas, three members and the President, or any
four members ofthc Boatd. AT all elections BY
the stockholders and at oil their meetings each
share shall be entitled to one vote. Votes may
be given in person or by prory. The President
Of the Company is the officer designated as the
B1t ul WHDH leEal HHEflCe III Ill VEUCSaS VI Eftu-
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.
son, or to his address at the Office Of The cotnpa-
ny IN the hands Of any Of Its officers.
9th. The first Board OF Directors shall be eho.
sen az soon as the list Of subscription shall be
closed. This election shall be held at Baton
Rouge Under the supefintsndence OF the commits
sioners hereafter designated and appointed to re-.
ceive snbscfiption-A1 subsequent elections
shall be held at Baton Rouge undei the superin.
t~entlence Of three commissioners appointed from
amongst The stockholders BY the Board Of Direct.
ors tor the tine being. Notice Of the frs, cleo
ton Of Directors, shall be given fifteen dBys In
advance, IN at lcnsi one newspaper publia I'D iii
Baton Rouge, and one Published at Clinton. The
first Board of Directors shall hold Office Will the
third Monday in January, 1854. The election
shall be annual, aud each subsequent Board shall
be elected on the third Monday Of December.
A failnrs to elect Directors. shall not dissolve the
corporation, but the Boardi In office shall continue
the exercise OF its functions until a new board
can be elected. All notice of elections and Of
meetings OF stockholders after the first election
above provided for, shall DO given by publication
thirty days In advance, In the Official paper Of
he company, and In one paper published at Ciin-
ton.
18th. The following persons arc hereby appoin-
ted commissioners for the purpose Of receiving
subscriptions TO the stock OF said corporation.
Tx: Commissioner ut Baton Rouge, I. g.
MoReAs. s. M. HARr, II. r. WAppiLL, A. s.
HERaos, EUGENE LAsouE and W. s. pfkx. All
Clinton, ]. n. MuaF, H. II. HARMS, HENRY
MANSION, q. w. MURRAY, j. B. SMlrH, VIM.
PATTERSON and M. G. Mit.Ls. The said com.
missioners shall have power 10 appoint deputies
An awsuta l., agkar ,,tr.,s a. .r., t,a as.tl.nrt.t..,.a
Three shall form a quorum 10 do business. The
subscriptions shall be closed ~ soon az the
amount Of Thirty Thousand Dollars shall have
been subscribed, and the commission IRA shall inn
mediately thereafter cause the charter with the
names OF the subscribers to be registered In the
office Of the Recorder of Mortgages az required
by law, and shall cause notice to be given and an
for Directors held Us provided for in the
9Th Article Of the charter.
9Th. Immctliat. " after the election Of the frat
Board OF Directors the subscription list shall be
opened for a term Of three months at such places
as may be deemed advisable by The Board Of Din
r~eetors, and public notice shall be given thereof
newspaper published at the place where sa
books are opened; and the boars
shall have power to appoint agents for ~receipin
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 10 the
amount Of the subscription and il the
.apiial be not so increased, then the number of
subscribed shall be reduced from the larg-
,st subscription SO as mott diminish the number
ii shares Of any subscriber, while another re-
with q larger number Of shares. II their
,e any deficiency In the amount of capital SUBJ
the said subscription books may be re-
opened and closed from time to time, until the
capital shall have been subscribed.
9th. In case o~ffailnre on the part ofany subscri-
yer to pay the e~nstallments on His stock as requir-
ID, the Board Of Directors, shall have the option.
liter thirty days written notice e the defauIter,
f~orfeiting the stock. and selling it for the bene-
it of said stockholder, or Of compelling by suit
he payment Of such enstallment ; and no Stock
lolder shall be permitted to vote while in default
10th. All meetings Of Stockholders called for
he purpose of increasing or diminishing the cap-
tai stock Of the company or for any Of the purpos-
g enumerated in the filth a :tion Of the act Of
he Legislature Of Louisiana entitled IN act for
he Organization of corporations for ,rork q pp6ic
and utility shall BE- composed Or per-
ons. holding in their own right, Or al agents for
thers al least three-fourths fsthe stock ofthe
ompany, in order to take valid and binding ac-
ion in the premises, at Ill other meetings Of
tockholders, and at all elections, 1 majority Of
tock shall be represented, and in this latter cas~,
such majority be not present nor represented
he meeting shall be adjourned for one week,
nd the vote Of the majority Of the stock present
nd represented at such adjourned meeting shall
ind the company in the same manner, - If 4
Of all the stock were present and rep
18th. Any vacancy in the Beard Of Directors,
during the year may Be filed BY ! vote
{ the Board Of Directors.
10Th. The President and Directors OF said cor
Grafton shall have power to make and use a