The daily comet. [volume] (Baton Rouge, La.) 1850-1856, 1853-05-21

Baton Rouge. in the parish Of Fast Baton
Rouge, 10 the town Of Clinton. in the Parish
of East Feliciana and from thence alon"
| the most eligible Iouf 10 point that VIII
connect the town of Liberty in Amite Co..
State Of Mississippi, and for that purpose
we have forme the annexed charter, AMI
have signed the .ame, and have added t.
our signature a statement Of the number OF
shares and the amount Of our snbsc nptions
to said Company.
CHARTER OF THE COMPANY.
1st. TIL. said corporation shall be called
the Baton Rougp and Clinton Plank Road
Companv,n and its domicile is fixed j ! The
city Of Baton Rouge.
2nd. The said corporation is established
for the purpose of constructing, working
AMI mantain.g z a plank read from Baton
Rouge to Gin on Louisiana and from thence
hereafter to be continued to Liberty III
Amite County. State Of Mississippi, should
company he 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 on the amount OF each share shall be
made. within thirty days after the election
of the first Board of Directors. The subse-
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 greater amount than
ten per cent at o.e time. and that sixty
days notice of each call shall be given, by
! sul Nod -,
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 go into
operation and BE- organized. so soon as
shares of stock to tine amount of Thirty
Thousand Dollars shall have been sub
scrihed.
5th. The business of the corporation shall
he conducted at its oomicil. in the city OF
Baton Rouge by a Board composed OF seven
D,rec, ors. who shall be stockholders The
Directors shall elect one of their boay 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
four members o, the Board Atail elections
bv the stockholders, and at all their meet
ings each share shall be entitled to ne vote
| Votes may be given in person or by PROXY
| The President of the Company i, the Officer
designated as the one on whom legal serv ce
of all pro ess or citation against the Com
pany may be made, and the company agree
to te bound. by service Of process or eta
ton. whether made on the President in
r,erson, or to his address, at the Office of the
company in the hands OF any OF its officers
9Th. The first Board Of Directors shal'
he chosen as soon as the list OF subscriptio
shall he closed This election shall be held
at Baton 'ouge under the superintendent
of the commissioners hereafter designated
ami appointed to receive subscriptions -
All subsequent elections shall be held a.
Baton Rouge under the snperintendance o
three commissioners appointed from am
ongst the stock holders by the Board of Di-
rectorg 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 o
Directors shall hold Office until the third
Monday of JanuarySlsj4. The election
shall be annual, and each subsequent Board
shall be elected on the third Monday Of Dec
ember. A failure to elect Directors, shal,
not dissolve the corporation, but the Board
in Office shall continue the exercise of it,
| functions until new board can he elected
All notices Of elections ana Of meetings OF
stockholders after the first election above
provided for. shall be given by publication
thirty DAYS in advance, in the official paper
of the company. and in one paper published
at Clinton.
7th. the following persons are hereby
appointed commissioners for the purpose OK
receiving subscriptions to the stock of said
corporation. Viz: Commissioners at Baton
Rouge, r. G. Morgan, S. NJ. Hart, H. L.
Waddill, A. S. Heron, Eugene Lanoue and
w. s. Pike At Clinton. j. H. Muse, H.
H. HAYNES. Henry Marston. G. w. Munday,
J.B. Smith, VIM. Patterson and NJ 6
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.
The subscriptions shall be closed as soon as
the amount of Thirty thousand Dollars