The American patriot., 1855-09-08
CHARTER OF THE
Clinton Branch Railroad Company.

Clinton Branch Railroad Company.
4 N ACT to incorporate the Clinton Branch Rail
II Road Company.
PREAMBLE
WHEREAS corporation styled the Clinton Branch
Rail Road Company, has been created under the
Act of the Legislature, entitled An Act for the
organization of Corporations for works OF Pub
lie Improvement and Utility" approved, March
the twelfth, eighteen hundred and fifty two,
which said corporation was enacted in the fol- |
lowing words, to wit:
We, the undersigned, agree to form ourselves
into a corporation under the laws OF the state OF
Louisiana, hereinaboye set forth, for the purpose
of constructing Rail Road from the town ofClin-
ton, Parish of East Feciana, running through the
Parish of St. Helena, to some point of intersection,
on the line of the New Orleans Jackson and Great
Northern Railway, and for that purpose we have
formed the annexed Charter, and have signed the
same.
CHARTER OF THE COMPANY.
SECT. |. The said corporation shall be called the
Clinton Branch Rail Road Company, and its
domicil be fixed in the town of Clinton, in the
Parish of East Felciana.
SECT. .. The said corporation is established for
the purpose of constructing, working, and main
tanning Rail Road from Clinton, in the Parish of
East Felicana, eastward through the Parish of st.
Helena to a point of intersection on the New Or
leans, jackson, and Great Northern Railway, which
shall be deemed the most favorable after satsfac-
tory surveys.
SECT 3. The capital stock of the company is
fixed at Five Hundred Thousand Dollars, divided
into twenty thousand shares of twenty-five dollars
EACH Payments sha! be made in such sums and
at such periods as shall be fixed by the Board of
Directors.
Propided, That the subscriptions my be paid in
labor or materials when such mode Of payment is
preferred by the subscribers. Proaided, also that
no call shall be made for more than ten PER cent at
one time and sixty days notice of each call shall be
given by publication in one newspaper in the city
of New Orleans, and one in the town of Clinton.
Not more than four calls shall be made in one year.
SECT. 4. The said corporation shall go into OPP
Grafton and be organized as soon as shares OF stock
to the amount of scventyve thousand dollars shall
have been subscribed.
SECT. 5. The business of the Corporation shall
be conducted at its domcil in the town OF Clinton
bya Board composed Of twelve Directors. A quo
rum shall consist of at least five Directors The
directors shall ect one of their body President
of their Company at their first meetind after their
election No person shall be eligible as drec-
tor, who is not share holder. At all elections by
stock holders, and all their meetings, each share
shall be entitled to one vote Votes may be given
in person, or in proxy. The President of the Com
pany is the officer designated the one on whom
legal service of all process or citation against the
company, may Dc naue, ana lHe SoiApuhs dSIee
to be bound by service of process Or citation
whether made on the President in person, or left
to his address at the Office Of the Company, in the
hands of any Of its officers.
SECT. 6. The first Board of Directors shall bt
chosen as soon as the list of subscription shall bt
closed. The notices of the election of the frs
Board of Directors shall be given by publication
made fifteen days in advance in one newspaper ii
the city of New Orleans, and one in the town o
Clinton and the election shall be held at the time
and place designated by the commissioners chafg
ed with receiving the subscriptions.
: The first election shall be held under the super
intendence of the commissioners aforesaid wht
shall select three of their number for that purpose
All subsequent elections under the superintendent
of three commissioners to be appointed from among
the stockholders by the Board of Directors for th
time being The first Board OF Directors shall holt
Office until the first Monday of May, OF the yea
Eighteen hundred and hty-siX. The election shal
: be annual, and each subsequent board OF directof
shall be elected on the third Mondy of April
, failure to elect directors, shall not dissolve tn
corporation, but the Board in Office shall continu
the exercise Of its functions, until new Board ca
!. be elected All notices of elections and meeting
of shareholders after the first election Of Director
above provided for shall be given by pubcatior
fifteen days in advance in one newspaper in tn
city Of New Orleans, and one in the town OF Cir
ton.
SECT i. The following named persons are here
by appointed commissioners for the purpose {
10 receiving subscriptions to the stock OF said copo
alton to-wit