The Feliciana Democrat. (Clinton, La.) 1855-186?, 1855-09-15
CLINTON, la. SATURDAY MORNING, SEPTEMBER 15 1855

4
red meeting of stockholders and subscribers shall
be held to determine whether the capital shall be In
creased to the whole amount of subscription, and II
the capital be not 80 increased, then the number oi
shares subscribed shall be reduced by deduction from
the largest subscriptions so as not to diminish the
number of shares of any subscriber, whilst another
remains with larger number Of shares. II there
be iany deficiency in the amount of capital sub.
scribcd, the said subscription books may be reopen
cd and closed from time to time till the whole cap.
tal shall have been subscribed.
Sec. o. In case of failure on the part Of any sub.
scrber to pay the nstalments on his stock requir
ed the board of directors shall have the option after
thirty days written notice to the defauier of for
eitng the stock and selling II for the benefit Of said
stakeholder. or of compelling by suit the payment
Of such installment, and no stockholder shall be
permitted to vote while in default.
See. 10. All meetings of stock holders called for
the purpose of increasing or diminishing the capital
stock of the company or for any of the purposes
enumerated In the 9th section of the Act of the
Legislature of Louisiana, entitled " An Act for the
organization of Corporations for Works Of Public
Improvement and Utility" shall be composed of
persons holding in their own right. or as agents Of
Others at least nree;tohs Of the stock of the
pany in order to make valid and binding their nc
tions in the premises ut all other meetings of the
stock holders and at all elections majority of stock
shall be represented and in this latter case. If such
majority be not present, nor represented, the meet
ing shall be adjourned for one week, and the vote
of the majority of the stock present and represent
ed at such adjourned meeting shall bind the compa-
ny IN the same manner rs II nhgorlty OF all inc
stock were present and represented.
Sec. II. Any vacancy In the board OF directors,
occurring during the year, may be filed by q vote
OF the board OF directors
Sec. IL. The president and directors of said cor
poration shall have power to make and use a COM
mon seal, to elect newspaper which shall be known
TO the stockholders az the Official paper OF the COM
pany and in which all its advertisements shall an
pear. and to do every thing necessary Tor the con-
struction repair, and maintenance oil the rail road
herenbefore described with as many tracts as they
may deem necessary, to determine the line OF the
road and the depots that may be necessary to make,
and contract for all works whatsoever for the prop
per and complete working OF said road, to contract
specially for all work. labor or materials TO be fnr-
nished to the company, and to agree, whether the
whole or any part thereon shall lbs payable IN the
capital stock of the company to appoint secreta-
ry treasurer, superintendent engineer, solicitors,
and other officers or servants. necessary or proper
for the faithful performance OF any duty necessary
to the construction and proper maintenance OF the
said rail road 10 Wake all contracts for the iur-
nishing OF ron or other necessary equipments or
supplies OF the and on such credits as they may
deem proper and to mortgage the said road FOR the
payment OF the same 10 borrow money Tor ana on
account OF saa ROAD, III any sum not 10 exceed len
thousand dollars nh,ess anthorzed ny vote OF iwo
thirds OF the sockhodcrs 10 exceed that sum, ana to
| ''N' 49,
secure Inc payment oi Tue same 10 make an con,
tracts necessary Ior INC purpose o' speeully una
properly constructing salo roaa 10 purchnse WIN
tne iuhds OF tne company MI inc locomotives, en-
glhes, cars vencles' teams una o,ner equipments
deemed ny them necessary or h.cui 10 tue purposes
OF thc company ana wheh san road % or any part
lhereol uniscu 10 N 'ne ra'c o' .2i ior Passeh-
gers anu merc,Nhd'He W ,nahe III ruies ano res"-
'ntohS ana olher laws aeeIheu necessary; lor 'he
proper sale ana regular 'rahsacton OF ,he business
OF inc company pet such r'ies; regulations, ana
bylaws shaii ne sheJecl 10 repeal, change amend
mehl OF Hoalca,l"h oy .nc s'ochho,uefs NJ tne'r
meetings, OF ny the freslueh1 ana DilSc.Ss IN lhe
lhtefVais they may accePt oonn.os III lailu OF mo-
ney or snch ma,erlai o, 'npor ns may DC useiui 10
,,e company lhey sha,i aecla.e se'.hhhuai,y .he
u.vilehu "rls'ns ir"l 'hc MolnB v, 'he rona a,.ui
tnc aymcht oi M necessary eNPchscs' s'a av'-
acnu sliaii ~ aecarcn anu payapie W 'ce s.ooN'
noi"grs Ml.nln n.cei aays oi ,n1 noI's .. 'a'aaiy
." n 'niy VI ."cn y'ar ,,cy sn',i "ane Lepor. ~
,ll' ae.al 70 ,he s.ockholueis W 'he ,st aays - oI
"'iy anu Jul. VI e'en yual y, 'nc "u.hhs vi ,ns
ronu n''l .s expenses m u' pio's ns ulso oe,alieo
s,'eich. 1i "l cohlra.'s urins lhe proccss Vi con
s.ruc'nS .he ioul nio l.S n'uSes, "s M',n III ac,
couh. vi ,nc progress n,u,c 'ncy sum Keep, VI
cm'nc % W ~ heP', Lesu'l so' y, poohs' ~ Mn'c
a , ~ 81, W se W ''ct c
~, Dnsness a VI o'nIr m ~ ."r eoh
"vn sJ a sa" 81 a. ~ ,e;ao p e - a. s"o
n y, 'ny y ,a; "s -. 20 an IL y. s"o
shnm t. tno nt;ana,os ~ a M "oS
to tho stnckhoders and o ronsr Of stock shol, o
binding on the company until made on its stock
book and tO call n meeting of Stockholders. tho